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Did Bitcoin just make a quick bullish reversal?
Did Bitcoin just make a quick bullish reversal?

Share link:In this post: Bitcoin has seen a reduced bearish pressure after Germany finished its sell-off, triggering some bullish signs in technical indicators. The 200-day moving average provides support, while resistance levels near $60,000 could challenge upward movement. The derivatives market shows a cautious trader sentiment, with massive liquidations and increased open interest predicting more volatility ahead.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no lia

Cryptopolitan·2024/07/13 20:34
Bitcoin whales added 71K BTC to their wallets this week
Bitcoin whales added 71K BTC to their wallets this week

Share link:In this post: Bitcoin whales accumulate 71,000 BTC worth over $4 billion amid market downturns. Data from Alternative,me places the Crypto Fear & Greed Index at 25, showing extreme fear. Selling pressure has reduced after the German Government completed selling its 50,000 BTC stash.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 strongly recommend independent research and/

Cryptopolitan·2024/07/13 20:34
Chainlink’s whales surge, accumulate $110 million in LINK tokens
Chainlink’s whales surge, accumulate $110 million in LINK tokens

Share link:In this post: About $110 million worth of LINK tokens have left crypto exchanges in the last two weeks. Large scale holders have been buying up LINK tokens and now control more than 50% of supply. Their accumulation might be driven by the belief that LINK is undervalued and set for future gains.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 strongly recommend independent

Cryptopolitan·2024/07/13 18:19
Bitcoin fees drop by 18% in one week
Bitcoin fees drop by 18% in one week

Share link:In this post: Bitcoin’s trading fees tanked by 18% in seven days, following a 27% drop the week before. Runes protocol, launch, and Bitcoin ordinals greatly influenced the BTC transaction fee surge. BTC fees drop can be linked to the market drop amid Germany’s market Bitcoin dumping.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 strongly recommend independent research and

Cryptopolitan·2024/07/13 18:19
Ethereum demand spikes amid whales and institutions ETH ecosystem tokens accumulation
Ethereum demand spikes amid whales and institutions ETH ecosystem tokens accumulation

Share link:In this post: Ethereum stabilized above $3,000, gaining back its support level and lost market share. Institutional and whale investments in digital currency indicate market confidence and volume, especially ahead of the ETH ETF approvals. The United States Securities and Exchange Commission (SEC) is yet to offer ETH ETFs a greenlight day for trade.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information pr

Cryptopolitan·2024/07/13 18:19
Flash
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.
12:15
Serenity, the "New Stock God": This round of pullback is a normal correction, and the long-term trend remains intact.
According to Odaily, today the US stock market experienced a broad pullback, with heightened risk aversion among investors causing concern. Renowned investor "New Stock God" Serenity publicly commented on the market performance, characterizing this decline as a routine correction. Serenity pointed out that the current situation is a normal, broad-based retreat and that the long-term trend of the US stock market remains unchanged, advising against a bearish outlook on the future due to this short-term pullback.
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