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Bitcoin inches toward $70,000 following Trump’s heightened crypto endorsement

Bitcoin jumped 3.3% to change hands at around $69,800 at the time of writing.Former U.S. President Donald Trump further voiced his support for crypto in a Saturday speech at the Bitcoin 2024 conference in Nashville.

The Block·2024/07/29 06:40

Market trend interpretation: August may become a major turning point for the crypto market

Odaily·2024/07/29 03:44

10x Research: Bitcoin Breakout? Not so fast. What Traders Need To Know

Institutional Crypto Research Written by Experts

10xResearch·2024/07/29 02:42

Why Donald Trump’s Bitcoin 2024 speech didn’t spark a rally

Share link:In this post: Trump’s speech at the Bitcoin 2024 Conference didn’t excite the market much because investors have heard these promises before. He pledged to support Bitcoin and end strict regulations, but the market remained skeptical since it’s all just talk for now. Despite the bold claims, including firing Gary Gensler and stopping govt selloffs, investors need to see real action before reacting.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability fo

Cryptopolitan·2024/07/29 02:37

Bitcoin surges past $69,000: Is a strong week ahead?

Share link:In this post: Bitcoin surged past $69,000, boosted by strong technical indicators and bullish market sentiment. Key support levels around $66,951 and $68,075 helped stabilize Bitcoin’s price above $69,000. Investors are showing confidence by withdrawing Bitcoin from exchanges, signaling they expect prices to keep rising.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We stron

Cryptopolitan·2024/07/29 02:37

Best Cryptocurrencies to Invest in Right Now July 28 – TRON, Flare, Helium

Insidebitcoin·2024/07/28 19:14

Bitcoin Conference increases BTC’s Fear and Greed Index to new highs

Share link:In this post: Recent data from Santiment shows positive sentiment toward Bitcoin as traders feel more bullish. Former president Donal Trump’s speech during the Bitcoin Conference in Nashville contributed to the positivity. Bitcoin prices today have been down by 0.9% over the past 24 hours but have been up by 0.73% over the past 7 days.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this

Cryptopolitan·2024/07/28 17:16

Crypto Whale Snaps Up $370,000 In WienerAI Tokens As Presale Nears $9 Million With Just 2 Days Left

Insidebitcoin·2024/07/28 16:55

Intention and Inflows Could Help Polkadot (DOT) Price Escape Consolidation

BeInCrypto·2024/07/28 16:47

The Funding: Why Monad's ecosystem is gaining VC interest

Quick Take This is an excerpt from the seventh edition of The Funding newsletter sent to our subscribers on July 27. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.

The Block·2024/07/28 16:14

Flash

12:25

U.S. Oil Falls 4%, Below $92 Mark

On June 4, WTI crude oil futures fell below $92 per barrel, dropping 4.23% during the day. Brent crude oil futures also declined by 3.88%, settling at $94.011 per barrel. In related news, Trump stated that the U.S. is in final negotiations to end the war in Iran.

12:25

Bitget lists BB, SMR, and SITM stock contracts with up to 20x leverage.

According to an official announcement reported by Odaily, Bitget stock contracts have now listed three underlying assets: SMR (NuScale Power Corporation), SITM (SiTime Corporation), and BB (BlackBerry Limited). These assets cover popular sectors such as nuclear technology, high-performance chips, and intelligent security. The mentioned contracts support up to 20x leverage.

12:16

The euro makes a dramatic comeback as the ceasefire fuels the market, but why can weak data hardly stop the bulls?

(1) During the European session on Thursday, the euro climbed strongly against other major currencies. Despite weak eurozone retail sales data, market sentiment improved significantly due to the Lebanon ceasefire agreement. Israel and Lebanon agreed to implement a ceasefire, coupled with easing concerns surrounding Trump’s tariff comments and falling oil prices, which together boosted risk appetite. (2) However, the euro's gains in the region were still constrained by multiple factors, including a new wave of tension in the private credit markets, continued worries from Trump’s tariff statements, and uncertainty regarding inflation and interest rate prospects. Data showed that eurozone retail sales in April declined by 0.4% month-on-month, worse than the expected drop of 0.3%, and in sharp contrast to March's growth of 0.8%. The year-on-year increase also slowed from 2.1% in March to 1.0%, mainly dragged down by falling sales of non-food items and automotive fuels. (3) In terms of market conditions, the euro rose against the pound to a four-day high of 0.8656; against the US dollar, Swiss franc, and yen, it climbed to 1.1631, 0.9191, and 185.96, respectively. Versus the Australian dollar, New Zealand dollar, and Canadian dollar, it reached 1.6302, 1.9803, and 1.6167, all recent highs. The market is watching for the release of the US weekly initial jobless claims data during Thursday's New York session to determine whether the euro can further test resistance levels.

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