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Bitcoin wrestles with resistance, struggles to reclaim $65K

Share link:In this post: Bitcoin’s stuck trying to stay above $65,000, bouncing between resistance and support levels, with no strong buying pressure to break through. Market indicators are giving mixed signals, with some hints at a potential reversal, but overall momentum remains bearish. External factors like the stock market crash, Mt. Gox repayments, and macroeconomics are adding to Bitcoin’s struggle.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for a

Cryptopolitan·2024/07/25 22:52

Ethereum and L2 blockchains see 127% rise in daily active addresses

Share link:In this post: Ethereum and Layer 2 blockchains have seen a massive 127% increase in daily active addresses, showing a big jump in user engagement. Despite more transactions and lower fees, Ether’s price dropped by 6% in Q2, but it still did better than Bitcoin. Layer 2 solutions are popular for their speed and lower costs.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 str

Cryptopolitan·2024/07/25 22:52

New Jersey wants to invest city pension fund in crypto ETFs

Share link:In this post: Jersey City plans to invest part of its pension fund in Bitcoin ETFs, following a similar move by Wisconsin’s pension fund. Cities like Los Angeles, Houston, and Nashville are already deep into cryptocurrency, with LA having the most Bitcoin ATMs worldwide. States like Wyoming and Texas are creating friendly environments for crypto businesses, while Miami is embracing the trend with its MiamiCoin.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no

Cryptopolitan·2024/07/25 22:52

New Research Reveals Bitcoin, Ethereum, Solana Price Prediction

BeInCrypto·2024/07/25 12:14

Bitcoin ETFs See Outflows as Ether ETFs Takes Center Stage

Dailycoin·2024/07/25 11:49

BTC LSD, how to help more users share BTC staking benefits?

Odaily·2024/07/25 11:42

Enter Mongy (MONGY): A comprehensive analysis from story to market value

远山洞见·2024/07/25 11:30

AltLayer (ALT) Plummets Ahead of $100 Million Token Unlock

BeInCrypto·2024/07/25 10:59

How can MegaETH, an L2 that aims to end the scaling war, make Ethereum "great again"?

BlockBeats·2024/07/25 10:42

Crypto Markets Lost $100B Overnight as BTC, ETH Plunged to Weekly Lows (Market Watch)

ETH is among the poorest performers on a daily scale amid massive ETF outflows.

Cryptopotato·2024/07/25 10:35

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23:27

June 5 Financial Breakfast: Israel and Lebanon reach a ceasefire agreement, gold price remains near 4,470 waiting for nonfarm payroll data, oil price drops more than 3%

June 5 Financial Morning Brief: Ceasefire agreement reached between Lebanon and Israel, gold price steadies around 4,470 awaiting non-farm payroll data, oil price retreats over 3%

23:26

Analysts expect South Korean stocks to enter a volatile consolidation period in the next one to two months.

Golden Ten Data reported on June 5 that after a period of world-leading strong gains, South Korea’s $4.9 trillion stock market has begun to show signs of pressure. On the very day the South Korean KOSPI index reached a record high on Tuesday, only 2.6% of stocks touched a 52-week high, while as many as 31% of stocks fell to a 52-week low. Retail investors’ enthusiasm is also starting to cool, and at the same time, surging margin loans now face the risk of a possible interest rate hike by the Bank of Korea in July. As various risks continue to accumulate, investors are warning that if the market turns downward, the speed of the decline could match the previous rapid rise. “For now, compared to a deterioration in fundamentals, I am more concerned about signs of overheating in market positioning,” said Ha Seok Keun, Chief Investment Officer at South Korea’s Eugene Asset Management, “I expect that in the next one to two months, the market will enter a period of intensified volatility accompanied by consolidation.”

23:10

Ciena reports revenue of $1.57 billion for the second fiscal quarter, a 40% year-on-year increase.

Adjusted earnings per share (EPS) for the second fiscal quarter was $1.64, a year-on-year increase of 290%. The full-year revenue forecast has been raised to $6.3 billion +/- $100 million, with the median of the year-on-year growth guidance range at 32%. Third fiscal quarter revenue is expected to be $1.625 billion +/- $50 million.Related article: High expectations overwhelm optical communications star? Ciena’s last quarter delivers strong results exceeding expectations, raises full-year guidance, yet stock still drops over 10% | Earnings Report Insights

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CME’s Terry Duffy calls U.S. crypto perps a disaster waiting

June 5 Financial Breakfast: Israel and Lebanon reach a ceasefire agreement, gold price remains near 4,470 waiting for nonfarm payroll data, oil price drops more than 3%

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