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Is $70,000 on the cards for Bitcoin tomorrow?
Is $70,000 on the cards for Bitcoin tomorrow?

Share link:In this post: Bitcoin is trading around $67,774 and needs to break through the $68,236 resistance level to make for $70,000. The trading of Ethereum ETFs could boost market sentiment and drive BTC’s price higher. Institutional interest and bullish market indicators show strong support, making $70,000 a plausible target.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 strong

Cryptopolitan·2024/07/23 00:04
What to expect when spot Ethereum ETFs start trading tomorrow
What to expect when spot Ethereum ETFs start trading tomorrow

Share link:In this post: Eight major financial institutions are launching spot Ethereum ETFs tomorrow at the opening bell. The ETFs could drive up the price of Ethereum, but the market might see increased volatility and potential sell pressure from Grayscale’s trust.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/or consultation with a qual

Cryptopolitan·2024/07/23 00:04
Short Bitcoin ETFs Take a Hit With $1.9M in Outflows: Are Bears Losing Their Grip?
Short Bitcoin ETFs Take a Hit With $1.9M in Outflows: Are Bears Losing Their Grip?

CoinShares highlighted the digital asset market’s positive trend, with signicant inflows and increased trading volumes for ETPs.

Cryptopotato·2024/07/22 23:55
Flash
02:49
Citrini: AMD and Apple Advance AI Products with Flash-Based DRAM Replacement Strategy
BlockBeats News, June 16th, AI doomsday report released by Citrini Research stated that AMD and Apple are currently advancing AI products with a flash memory substitute for DRAM. AMD acquired MEXT to optimize flash memory, bringing its performance close to DRAM, thus reducing the memory cost in AI data centers; Apple, on the other hand, achieved a similar optimization at the device end through the 'LLM in a flash' technology. According to Citrini's latest research report, AI inference has a high demand for memory with KV cache, and HBM has imposed a 'memory tax,' occupying 25% of DRAM capacity. Flash memory costs only 1/55 of DRAM, and through controller optimization, NAND stacking, and unit mode adjustment, it can provide an alternative solution for edge AI in terms of capacity and bandwidth. The above report provides theoretical support for the recent surge in storage stocks represented by SanDisk.
02:47
SpaceX market value surpasses 3 trillion for the first time, possibly overtaking Microsoft; a whale who went long on IPO day has already made 2.8 million dollars in profit
BlockBeats news, on June 16, according to Hyperinsight monitoring, during the US stock night session, SPCX (SpaceX) once soared to $229.85, with its market capitalization breaking through the $3 trillion mark for the first time. If this price level continues until the official US stock market opening, SpaceX's market cap will officially surpass Microsoft, making it the fourth largest in the US stock market. Meanwhile, traders and whales who went long on SPCX before the IPO on Hyperliquid have all turned a profit in this surge. Among them, the address with the largest gains has made an unrealized profit of $2.87 million. This whale went long with 5x leverage on 54,986 contracts at an average price of $164 on the day of the IPO, achieving a return rate of 157%. Address: 0xa1830e8d9f019feb448478a171bb37cc6c4c0482
02:47
Goldman Sachs Lowers Oil Price Target for Second Time in a Week
BlockBeats News, June 16th, Goldman Sachs released the latest forecast: "Following Trump's announcement of reaching a temporary agreement and the expected lifting of the U.S. blockade and reopening of the Strait of Hormuz on Friday, we have lowered our oil price forecast. Although the full details of the agreement are not yet clear, we currently assume that Persian Gulf exports will return to pre-war levels by the end of July (previously by the end of August)." "We have revised down our Brent crude oil forecast for the fourth quarter of 2026 to $80 (previously $90) and lowered our average price forecast for 2027 to $75 (previously $80). We expect the average price of WTI crude oil in the fourth quarter of 2026 to be $75 per barrel and $70 per barrel in 2027."
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