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To genuinely appreciate the value of bitcoin, one must recognize that the perceived cap of 21 million does not accurately reflect reality
This Bitcoin halving marks a historic shift as Bitcoin skyrockets past $70,000 prior to the event, signaling a unique market trajectory.
Spot bitcoin ETFs now hold nearly 90% of the daily trading volume market share, while bitcoin futures ETFs account for around 10%.
Bitget Gamefi Zone noticed the trading volume of the GameFi sector recording a 126% spike in the last 24 hours. Bitget also mentioned that GALA, YGG, and PIXEL were leading the GameFi sector weekly spike. Bitget’s Lee mentioned that anticipation for the Game Developers Conference 2024, could be fueling the current surge in the GameFi sector.
JPMorgan Chase CEO Jamie Dimon said he would defend people’s right to purchase bitcoin.U.S. Bureau of Labor Statistics CPI data comes in hotter than expected.
Check out why ETH might be on the verge of tapping a new ATH.
- 01:44Affected by Trump's announcement of appointing Musk to lead the US government efficiency department (DOGE), DOGE briefly broke through $0.41Affected by Trump's announcement of appointing Musk to lead the US government efficiency department (DOGE), DOGE briefly broke through $0.41, with an increase expanding to 7%.
- 01:37Analyst: Short-term adjustment expected for Bitcoin, rebound testing $90,000 resistance levelAccording to analyst Duck Army on platform X, BTC's daily chart shows a small bearish candlestick with a long lower shadow and a short upper shadow, resembling a doji star. The trading volume increased by one-fifth compared to the previous day, suggesting a potential short-term peak in the uptrend. The MA30 line remains on an upward trajectory, and the MACD indicator shows increased bullish momentum above the zero line. Yesterday’s rapid rise depleted much of the bullish energy, and although BTC touched the $90,000 threshold today, it failed to break through, indicating a possible retracement. The anticipated oscillatory decline would serve as a period for accumulating strength. Key resistance levels on the daily chart range from $90,000 to $109,800, with support between $82,400 and $76,800. In terms of short-term strategies, it is recommended to go long at $85,420 and $82,380 and short at $90,000. The liquidation heat map shows a large number of open short positions waiting to be liquidated between $89,950 and $92,700, while the downward space from $85,700 to $79,000 has substantial long positions providing support.
- 01:29ARKB received 998.429 BTC from addresses such as CEX, equivalent to approximately 87 million US dollarsAccording to ARKM monitoring, the ARKB 21Shares Bitcoin ETF under ARK Invest received a total of 998.429 BTC from CEX and another address starting with 3MDLv about five hours ago, equivalent to approximately 87 million US dollars.