-
Major Crypto Market Analysis: Wait and See, Patience is Key
Major Crypto Market Analysis: Wait and See, Patience is KeyBTC, as mentioned in the previous article, encountered resistance at $65,000 and retreated to near the lower boundary of the rising channel on the right. If it continues to fall and breaks below $62,000, there is a risk of a breakdown
-
Bitcoin ETFs See Net Inflow of 3,622 BTC, While Ethereum ETFs Witness Net Outflow of 4,926 ETH
Bitcoin ETFs See Net Inflow of 3,622 BTC, While Ethereum ETFs Witness Net Outflow of 4,926 ETHAccording to Odaily Planet Daily, Lookonchain data shows that on August 26th, U.S
-
Lido Ethereum Staking Sees 12 Consecutive Days of Outflows: Market Signal or Short-Term Fluctuation?
Lido Ethereum Staking Sees 12 Consecutive Days of Outflows: Market Signal or Short-Term Fluctuation?Since August, Lido Ethereum staking has experienced 12 consecutive days of net outflows, attracting widespread market attention. This phenomenon not only reflects subtle shifts in investor behavior and market sentiment but also presents new challenges and opportunities for Lido itself and the entire Ethereum ecosystem
-
Bitcoin unlikely to see large-scale rally in the short term: Analysts expect a dip test, with prices potentially reaching the $53,000-$54,000 range
Bitcoin unlikely to see large-scale rally in the short term: Analysts expect a dip test, with prices potentially reaching the $53,000-$54,000 rangeDespite the July Consumer Price Index (CPI) rising 2.9% year-on-year and inflation easing for the fourth consecutive month, the market widely expects the Federal Reserve to begin cutting interest rates next month, which briefly pushed Bitcoin to $61,500
-
Bitcoin Price Not Expected to See Major Breakout Before Q4
Bitcoin Price Not Expected to See Major Breakout Before Q4As the cryptocurrency market stabilizes after a turbulent period, a new analysis warns against expecting a major breakout in the Bitcoin price before the final quarter of the year. Singapore-based digital asset firm QCPCapital says that while there are encouraging signs, the market could remain in a wait-and-see mode for the foreseeable future
-
Dogcoin market sees new opportunities: exchange rate breaks resistance level, prices continue to rise
Dogcoin market sees new opportunities: exchange rate breaks resistance level, prices continue to riseWith the exchange rate of dogecoin touching the resistance level of 0.105 US dollar, a new rising trend has kicked off
-
Crypto Market Sees Strong Rebound Fueled by Multiple Positive Catalysts
Crypto Market Sees Strong Rebound Fueled by Multiple Positive CatalystsThe crypto market has witnessed a strong rebound over the past few days, essentially signaling the end of the recent correction. Bitcoin reached close to the $65,000 mark, recording a 24-hour surge of over 5
-
Crypto Market Dips: Bitcoin Plunges Below $65,000, Altcoins Hard Hit, Spot Bitcoin ETFs See Outflows
Crypto Market Dips: Bitcoin Plunges Below $65,000, Altcoins Hard Hit, Spot Bitcoin ETFs See OutflowsThe cryptocurrency market experienced a broad decline in early European trading on Tuesday, with the total market capitalization dropping by approximately 3% over the past 24 hours to around $2.48 trillion
-
Bitcoin Price Prediction for 2024: Can AI Chatbots See the Future?
Bitcoin Price Prediction for 2024: Can AI Chatbots See the Future?In July 2024, following a turbulent and uncertain period in the cryptocurrency market, the Blockchain Club challenged seven AI-powered chatbots to predict the price of Bitcoin on December 31st, 2024. This experiment builds upon a similar one conducted in late April, during which significant events occurred, including the German government's transfer of thousands of Bitcoins to exchanges, the impending Mt Gox compensation distribution, and the upcoming US presidential election in November
-
CPI Data Release Tonight: Will the Crypto Market See Another Shakeout?
CPI Data Release Tonight: Will the Crypto Market See Another Shakeout?Introduction:Tonight, the highly anticipated CPI data will be released, once again becoming a major indicator for the cryptocurrency market. Historically, every release of CPI data has led to volatile market movements, with bulls and bears engaging in fierce battles
-
Bitcoin Slumps Ahead of Halving, Market Sees Widespread Losses
With Bitcoin's fourth halving event projected to occur in less than 20 days, the market has experienced a sharp decline despite widespread bullish sentiment. Bitcoin Leads Market Downturn, Liquidations Reach $140 Million in an Hour On April 2, Bitcoin dropped from $69,000 to below $67,000 within 20 minutes, and is currently trading at $66,673, marking a 5
-
Global Financial Markets See Muted Activity on Good Friday, US Dollar Index Retreats After Core PCE Data Release
Market Overview In observance of Good Friday, financial markets in Europe and North America remained closed, while energy, precious metal, foreign exchange, equity index, and US Treasury futures trading at the Chicago Mercantile Exchange (CME) and Intercontinental Exchange (ICE) were suspended for the entire day. Activity in the foreign exchange market was relatively subdued during the quiet holiday period