“Risk reversals until Oct are still skewed towards puts in both BTC and ETH, indicating that the market remains cautious about the downside,” QCP said. “In the lead-up to next week’s non-farm payroll report, we expect market volatility to continue its downtrend as the market positions itself for potential rate cuts by the Fed.” Source
Day: August 30, 2024
Bitcoin ‘Must Do This Now’, Says Crypto Analyst
In a breakdown of Bitcoin’s current market dynamics, prominent crypto analyst Dan Gambardello, in his latest video titled “Bitcoin Must Do This Now,” addressed his 368,000 followers on YouTube regarding the critical resistance levels Bitcoin is currently testing. Gambardello emphasized the importance of these levels for both short-term price movements and broader market indicators. Why Bitcoin Must Turn Bullish Now Gambardello’s analysis begins with an emphasis on the significance of the short-term holder cost basis, which currently stands at $63,600. He highlighted this metric as a pivotal momentum indicator, underscoring…
Putin’s Trial of Cross Border Crypto Payments to Circumvent Sanctions Starts Soon, But It May Not Work: Experts
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Market Cap Climbs, Daily Transactions Boom, Revenue Follows
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Tron Price Survives The Storm: Can TRX Climb Further??
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XRP Price Trapped in a Tight Range: Will It Break Free?
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XRP Whales Are Depositing To Exchanges: Price To Drop Further?
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Ethereum Price Stages a Comeback, But Lacks the Bullish Punch
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Crypto Firm’s CEO Stabbed in Court During Fraud Trial in Seoul
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