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Bitcoin Soars to New Highs, Trump Effect Fueling Market Sentiment?Bitcoin's price has surged in recent days, approaching its all-time high of $74,000 set in March. On Tuesday, Bitcoin reached $73,564 in New York trading, though it pulled back below $73,000 in early Asian trading on Wednesday, it remains on a strong upward trajectory

Bitcoin Breaks Through $73,000 Mark Amidst Rising Market Sentiment Ahead of US ElectionBitcoin surged to a new high on Tuesday, breaking through the $73,000 mark, as it exhibited a strong upward trend fueled by growing market optimism in the run-up to the US election. According to CoinMetrics, Bitcoin's price increased by 3

Bitcoin Hits $69,000, Market Sentiment High, Is a Correction Imminent?The cryptocurrency market has always been a focal point of attention, with Bitcoin (BTC)'s recent price fluctuations attracting global investors' scrutiny. According to CoinDesk, Bitcoin recently reached a high of $69,000, sparking discussions on whether it can continue its upward trajectory and break through the $70,000 mark

With US Presidential Election Approaching, Bitcoin Options Market Shows Strong Bullish Sentiment, Targeting $80,000?As the US presidential election draws near, the Bitcoin options market is exhibiting a strong bullish sentiment. According to data from Deribit, the largest crypto options exchange, the ratio of Bitcoin put options to call options has been trending downwards, indicating that more traders are purchasing call options than put options

Bitcoin Funding Rates Surge to Multi-Month Highs, Signaling Bullish SentimentAn analyst says the weighted perpetual futures funding rate for Bitcoin open interest (OI) has reached its highest level in months, suggesting potential bullish sentiment for the short-to-medium term. The current weighted funding rate for OI is at 0

Bitcoin Rebounds Strongly: Market Sentiment Improves, What's the Outlook?After a series of sharp declines, the virtual currency market has finally seen a long-awaited rebound. At 2:23 PM Beijing time on October 10th, Bitcoin successfully broke through the $61,000 mark, with the latest price reported at $61,015

Whale Continues To Dump ETH Amidst Gloomy Market Sentiment, Can Ethereum Rise Against the Tide?According to recent monitoring by on-chain data analyst, Yu Jin, a whale holding 150,000 ETH has once again transferred 5,000 ETH (approximately $12.22 million) to the Kraken exchange

Bitcoin hovers within a descending broadening wedge pattern: Bearish sentiment persists, but oversold signals suggest a short-term bounceCurrently, Bitcoin is trapped within a large descending broadening wedge pattern, which typically signals bearish momentum. However, recent oversold signals indicate a possible shift in the near term

BlackRock vs Grayscale: Ethereum Spot ETF Flows Reveal Market Sentiment?Recent days have seen a notable divergence in capital flows within the cryptocurrency market. According to monitoring by professional firm TraderT, Ethereum spot ETFs exhibited a significant outflow yesterday, with a net outflow of $3

Crypto Market Sentiment Rekindles as Bitcoin Breaks $65,000, Altcoins SurgeBitcoin's surge past $65,000, fueled by strong buying from US spot Bitcoin exchange-traded funds (ETFs), is giving traders confidence that the bull market is back in full swing. On Sept

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

Overnight BTC Formed a Doji: A Precise Gauge of Market SentimentLast night, before the US inflation data was released, BTC surged briefly to $58k. However, within two hours of the inflation data release, bears attacked, pushing the price down to $55