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Bitcoin wrestles with resistance, struggles to reclaim $65K
Bitcoin wrestles with resistance, struggles to reclaim $65K

Share link:In this post: Bitcoin’s stuck trying to stay above $65,000, bouncing between resistance and support levels, with no strong buying pressure to break through. Market indicators are giving mixed signals, with some hints at a potential reversal, but overall momentum remains bearish. External factors like the stock market crash, Mt. Gox repayments, and macroeconomics are adding to Bitcoin’s struggle.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for a

Cryptopolitan·2024/07/25 22:52
Ethereum and L2 blockchains see 127% rise in daily active addresses
Ethereum and L2 blockchains see 127% rise in daily active addresses

Share link:In this post: Ethereum and Layer 2 blockchains have seen a massive 127% increase in daily active addresses, showing a big jump in user engagement. Despite more transactions and lower fees, Ether’s price dropped by 6% in Q2, but it still did better than Bitcoin. Layer 2 solutions are popular for their speed and lower costs.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 str

Cryptopolitan·2024/07/25 22:52
New Jersey wants to invest city pension fund in crypto ETFs
New Jersey wants to invest city pension fund in crypto ETFs

Share link:In this post: Jersey City plans to invest part of its pension fund in Bitcoin ETFs, following a similar move by Wisconsin’s pension fund. Cities like Los Angeles, Houston, and Nashville are already deep into cryptocurrency, with LA having the most Bitcoin ATMs worldwide. States like Wyoming and Texas are creating friendly environments for crypto businesses, while Miami is embracing the trend with its MiamiCoin.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no

Cryptopolitan·2024/07/25 22:52
Crypto Markets Lost $100B Overnight as BTC, ETH Plunged to Weekly Lows (Market Watch)
Crypto Markets Lost $100B Overnight as BTC, ETH Plunged to Weekly Lows (Market Watch)

ETH is among the poorest performers on a daily scale amid massive ETF outflows.

Cryptopotato·2024/07/25 10:35
Flash
20:55
The US dollar is expected to break out of its six-to-nine-month range and may strengthen in the short term.
ChainCatcher news, according to Golden Ten Data, Neuberger portfolio manager Joseph Purtell stated that in the short term, due to rising US real interest rates, the US dollar may continue to strengthen. He believes the dollar is likely to break out of the range of the past six to nine months, but added that in the long term, considering structural issues such as the US government's fiscal sustainability, the dollar may weaken.
20:52
Hyperliquid's total open interest across the network surpasses $9 billion
According to real-time monitoring by AiCoin, the total position value on the entire Hyperliquid network has surpassed $9 billion, currently reaching $9.013 billion. For more real-time updates on Hyperliquid, please visit: https://www.aicoin.com/zh-Hans/hyperliquid
20:19
Agency: It is unlikely that Trump's pressure on the Federal Reserve to cut interest rates will lead to inflation above 2%.
Golden Ten Data reported on June 28 that Gavekal Research stated in a report: "In 2025, the market was generally concerned that Trump would weaken the independence of U.S. monetary policy, nominate a political puppet as chairman of the Federal Reserve, force the Fed to cut interest rates, and cause inflation to remain consistently above the Fed's 2% target." "However, developments over the past seven months have made this scenario less likely to occur." These developments include the appointment of Kevin Warsh to head the Federal Reserve, as well as 11 of the 12 regional Fed presidents being reappointed. At the first meeting chaired by Warsh earlier this month, the Federal Reserve emphasized its commitment to price stability, which surprised some market participants who had expected a more dovish stance from the Fed under the new chairman.
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