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Middle East Tensions Douse Bitcoin's October Rally Hopes, Short-Term Pullback Tests Bullish Resilience
Middle East Tensions Douse Bitcoin's October Rally Hopes, Short-Term Pullback Tests Bullish Resilience
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Analysts say that Bitcoin's resilience supports the claim of hedging against global turmoil
As global turmoil escalates and macroeconomic uncertainty increases, analysts tell TheBlock that the value of Bitcoin is becoming increasingly apparent.Bitcoin is more user-friendly, stable, and globalized than some local currencies, especially in terms of geopolitical conflicts and sanctions
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Bitcoin remains above $27000 on weekends? Two analysts expect to continue to maintain resilience
The bitcoin option put/call ratio of each exchange has dropped to 0.47, which indicates that fewer investors seek downward protection to prevent price decline than before the bill to raise the US Debt limit was passed
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Despite a brief unfinished event, Ethereum's beacon chain still shows resilience
The Ethereum network has recently experienced a brief unfinished period on the beacon chain, which has sparked intense discussions among key figures in the Ethereum community. This event proves the resilience of Ethereum, as it continues to process transactions as usual despite the slowdown in the blockchain
