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Bitcoin's Road to $80,000: A Long and Winding One: Demand Drops, Whales Dump, Can It Rekindle the Rally?Investors have been eagerly anticipating Bitcoin (BTC) to hit new all-time highs, but recent trends suggest this milestone may be further away than anticipated. While a wave of optimism has propelled the market upwards, shifts in macroeconomic trends and changes in the behavior of market participants have introduced new challenges

Bitcoin Intraday Narrow Range Fluctuation, Bearish Sentiment Remains Strong, Short-Term Trading StrategyBitcoin price continued yesterday's consolidation trend today, failing to break through the key resistance above. The price is currently retracing to around $63,000

Bitcoin: Bubble or Future? A Century-long Showdown Between Digital Currency and Traditional FinanceHave you ever thought that a "gadget" you casually ignored could turn into "digital gold" worth a fortune? Bitcoin, the virtual currency born from the internet wave, has written one wealth legend after another with its amazing rise, leaving countless controversies and reflections behind.In 2010, the price of a Bitcoin was less than a dime

Ethereum Usage Deconstructed: Exploring the Driving Forces and Future PotentialProfessional investors are beginning to embrace the idea that Ethereum could become the platform for popular applications in the future, yet for many, the investment case for its associated asset, ETH, remains largely unclear. Unlike traditional assets with well-defined valuation methods, most crypto assets, like ETH, lack well-known fundamentals

Literal Translation (with some clarification for context): Bearish sentiment doesn't mean you should short. Retracements are often just setups for further gains

Cryptocurrency Market Hot Topics: ETFs, Regulation, Macroeconomics, and InnovationBitcoin ETFs, especially spot Bitcoin ETFs, have become a key part of the cryptocurrency market. These financial products allow investors to profit from price movements in Bitcoin without directly buying, storing, or managing it

Ethereum Network Activity Surges, ETH Rallies Strongly, Can It Break $3,000?Ethereum network activity continues to increase, and ETH has not only demonstrated strong price action, but has also surpassed Bitcoin in key market data, showcasing robust growth momentum. With rising open interest and funding rates, the surging meme wealth effect on Ethereum, and clear signs of network growth, market demand for Ethereum is rapidly escalating

Bitcoin Hovers Above $64,000: Breakout Above August High Could Confirm Bullish Rebound, But Waning Spot Market Demand Hints at Short-Term ConsolidationBitcoin is currently hovering above $64,000, just a short distance from its August high of $65,200. Bitfinex analysts point out that a break above this level would signify the end of the long-term downtrend since the March high, confirming a broader uptrend from the October low below $30,000

Bitcoin Long Liquidation Risk Surges, $62,000 Emerges as Key ResistanceCurrently, long positions held by mainstream crypto exchanges are significantly higher than short positions on Bitcoin. This means that Bitcoin faces substantial liquidation pressure if the price were to decline

Can Bitcoin Break Through the $65,200 Level? The 2024 US Election Could Be a Key DriverAfter briefly spiking to $62,700 at 10 PM last night, Bitcoin bounced back and rallied higher, reaching $64,698 around 7 AM this morning. It seems like the cryptocurrency is quickly approaching the $65,000 mark

BlackRock: Calling Bitcoin a "risk-on" asset may be mischaracterizedDespite Bitcoin's recent correlation with US stock prices, Robbie Mitchnick, Head of Digital Assets at BlackRock, argues that calling the cryptocurrency a "risk-on" asset might be a misnomer. Stocks, commodities, and high-yield bonds are typically considered risk-on assets because they generally perform well during periods of market optimism and economic expansion

China's Central Bank Stimulus Plan Boosts Financial Markets, Bitcoin Breaks $64,000, Poised for Strongest September on RecordFinancial markets have regained optimism following the release of China's comprehensive stimulus plan. Data from Bitpush shows Bitcoin fluctuating near $63,200, subsequently breaking through the $64,000 resistance level