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1MicroStrategy on track to own 4% of all bitcoin over next decade as Bernstein raises price target to $6002Bitget Daily Digest | BTC faces short-term drop, XRP ETF filed by WisdomTree3Solana’s monthly DEX volume surpasses $100 billion for the first time
Bitcoin ETFs Bleed $541M in Second-Largest Daily Outflow Since Launch
Dailycoin·2024/11/05 13:55
Two Reasons Why Ethereum May Not Be Ready to Reclaim $2,600
Bearish signals from Ethereum's Super Trend and MACD indicators suggest that resistance may hinder its potential recovery to $2,600.
BeInCrypto·2024/11/05 13:00
Bitcoin Holds Strong Above Resistance: Is a New All-Time High Within Reach?
Cryptonewsland·2024/11/05 11:00
Toncoin Eyes a 40% Surge: Can Whales Influence TON’s Price Jump?
Cryptonewsland·2024/11/05 11:00
Aave’s Path to $290: Key On-Chain Metrics to Monitor
Cryptonewsland·2024/11/05 11:00
QCP U.S. Election 2024 Commentary
QCP Capital·2024/11/05 10:00
Mt. Gox Transfers $2.2 Billion in Bitcoin Amid Repayment Extension
Mt. Gox’s $2.2 billion Bitcoin transfer fuels market volatility as creditors face further repayment delays, extending this saga’s impact.
BeInCrypto·2024/11/05 08:25
Looking back at historical extremes, when is the latest the results of the U.S. election can be announced?
What should be done if there is a tie with a score of 269:269?
Chaincatcher·2024/11/05 08:11
11 Charts Interpreting the October Crypto Market: Most Indicators Show a Strong Rebound
For the cryptocurrency industry, the past October saw most indicators finally beginning to rebound. This article will review the state of the cryptocurrency market over the past month with 11 charts.
Chaincatcher·2024/11/05 08:11
Flash
- 21:24Standard Chartered analyst: Short-term bottom for BTC in $85,000 to $88,700 rangeGeoff Kendrick, Head of Global Digital Asset Research at Standard Chartered, attributes the recent market turmoil, which included a drop in Bitcoin and a rise in long-term US Treasuries, to a decline in the US Treasury term premium. The term premium is the extra return investors demand for holding long-term bonds rather than rolling over short-term bonds. Since Bitcoin is often seen as a hedge against instability in traditional financial markets, increased confidence in U.S. Treasuries could diminish Bitcoin's appeal in the short term, leading to a decline in its price. Kendrick said, ‘MicroStrategy's purchases show no signs of slowing down and they are unlikely to sell, but the average purchase price of $88,700 for ETFs and MSTR since the election could be a short-term bottom, with bitcoin likely to consolidate in the $85,000 to $88,700 range and then resume its upward trajectory.’
- 21:24BTC falls below $91,500The market shows that BTC fell below $91,500 and is now at $91,488, down 3.61% in 24 hours, the market fluctuates a lot, please do a good job of risk control.
- 21:24NYT: Fed Retains Option to Cut RatesAccording to the New York Times, Federal Reserve minutes show that when Fed officials cut interest rates at a meeting this month, they avoided explicitly hinting at what might happen next. The minutes released on Tuesday provided little signal about whether Fed officials are likely to cut rates at their December meeting or how much they might cut in 2025. Economic data has been stronger than economists had expected in recent months. The job market, which had been showing signs of cooling, has stabilised. In light of this, some economists have been wondering if the Fed could pause in cutting rates at its upcoming meeting. But the minutes of the November meeting provided little clear guidance, except to say that over time, interest rates ‘gradually’ lower ‘may be appropriate.’
