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Share link:In this post: Bitcoin rebounded by over 14% from a low of $49K, reclaiming $57K. 10x Research suggests the $56K-$57K zone may be a crucial resistance for Bitcoin. Bitcoin’s recent rebound led to $50 million in liquidations.
Share link:In this post: Ripple only has to pay $125 million to the SEC for selling XRP to institutional investors without registering it. The court ruled that XRP is not a security when sold to institutional investors, which is a big win for the crypto industry. XRP’s price jumped 25% after the ruling, showing the market’s positive reaction.
Share link:In this post: Politicians print money to win elections when markets are down, just like Kamala Harris might do. Japan’s yen carry trade, where they borrow cheap yen to invest in higher-yield assets, is huge and risky. Bitcoin’s behavior will help us gauge market expectations; if it follows traditional markets, stay cautious; if it diverges, consider aggressive positions.
Share link:In this post: Monday’s market chaos may have settled, but expect more selling pressure in the coming days due to ongoing high volatility. Bitcoin is struggling to break above key resistance levels, indicating a bearish trend and potential for further declines. Technical indicators like SMAs, MACD, and OBV suggest that the selling pressure on Bitcoin is far from over.