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Bitcoin Skyrockets by Over $7K Following Fed’s Latest Meeting, Leaving $320M Liquidated
The entire market was in a dire state ahead of the FOMC meeting but the tables have turned now.
Cryptopotato·2024/03/21 07:13
CryptoQuant: The Bitcoin bull run isn’t over yet
Bitget·2024/03/21 06:54
Bitcoin Tops $67K on Dovish Fed Remarks; Ether Rebounds From SEC Fears, DOGE Soars
Bitget·2024/03/21 06:15

Pundits worry SEC’s Ethereum probe could be used to hold back ETFs
The SEC’s reported investigation into the Ethereum Foundation could explain why the regulator hasn’t been forthcoming with prospective spot Ether ETF issuers, some suggest.
Cointelegraph·2024/03/21 05:52

Spot Bitcoin ETFs suffer third straight day of net outflows, $261M bled
United States-listed spot Bitcoin ETFs have now bled around $742 million in just three trading days.
Cointelegraph·2024/03/21 05:07
Ethereum core devs launch ‘pump the gas’ effort to raise gas limit
Cointelegraph·2024/03/21 04:13

Bitcoin bull cycle is ‘far from over’ thanks to the halving — CryptoQuant research
Sharp double-digit corrections in Bitcoin price are par for the course, as data shows BTC remaining in a strong bull cycle.
Cointelegraph·2024/03/21 02:49
QCP Capital: From now until BTC reaches a new high, the market may continue to be optimistic
Bitget·2024/03/21 02:00
Flash
09:15
Think Tank Reports South Korean Retail Investors' Leveraged Stock Investments Reach Brokerage Limits On June 10, the head of the Capital Market Research Institute in South Korea stated that retail investors' leveraged stock investments have reached the limits set by local brokerages. Each brokerage in South Korea has a financing cap and is subject to strict regulation. Currently, the loan limits at various brokerages have been reached, which means that retail investors find it difficult to borrow more funds from brokerages for investment.
08:49
Analysis: Bitcoin is still in the typical "Four-Year Cycle," with $53,000 likely to be a key support levelBlockBeats News, June 10th, Trader Bob Loukas stated that Bitcoin is still in a "very standard four-year cycle," and the current price trend is not significantly different from the previous cycle. Many people have said "this time is different," but he believes that this Bitcoin cycle still follows the typical four-year cycle framework. He pointed out that the current cycle has entered the 44th week, and the cycle's low point window usually occurs around 10% of the time around the 46th week.
Loukas mentioned that the midpoint of the past four-year cycle was around $53,000, which could become a significant support and resistance level and a potential buying opportunity near the bear market low. He also stated that the Bitcoin price may re-enter a price discovery phase in 2028.
In its latest market report on Monday, QCP Capital stated that BTC is currently within a narrow psychological range, with buying interest near $60,000, but the options market is still defensively positioned, and macro risks continue to impact market sentiment.
08:39
Analyst: Bitcoin Whale Absorbed Market Panic Selling at $60,000, Potentially Forming Key Support LevelBlockBeats News, June 10th, CryptoQuant analyst Woominkyu stated in a post that during BTC's fall to $60,000, retail investors panicked, but on-chain data showed that "smart money" was buying the dip.
Woominkyu explained that on June 2nd and 3rd, dormant wallets moved a significant amount of BTC to exchanges, causing BTC's price to drop from $71,000. When BTC fell to the $60,000 to $61,000 range, the whale ratio on exchanges rose to 61.6%, indicating whale-dominated buying activity that absorbed market panic selling. In the past 5 days, whales withdrew 11,422 BTC from exchanges, valued at around $700 million, and transferred them to cold storage, leading to significant net outflows from exchanges.
Woominkyu believes that the transfer of chips from weak hands to strong hands has been completed, and after more than 11,000 BTC were removed from the market, the $60,000 to $61,000 range has formed a key support before the next leg up.
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