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Bitcoin falls below key support level, potentially triggering 8%-12% correction: CryptoQuant
Bitcoin falls below key support level, potentially triggering 8%-12% correction: CryptoQuant

Bitcoin has fallen through a key price support that could signal an 8%-12% correction, potentially leading the price to decline towards $60,000, CryptoQuant analysts said.Traders closing their basis arbitrage trades have led to a significant decline in futures market activity and increased downside pressure for bitcoin, an analyst added.

The Block·2024/06/18 15:31
TRON 2023: Key developments and collaborative milestones
TRON 2023: Key developments and collaborative milestones

Strategic collaborations have been at the forefront of TRON’s achievements

Blockworks·2024/06/18 15:23
Global Ethereum ETPs outperform Bitcoin counterparts ahead of anticipated ETF launch in US
Global Ethereum ETPs outperform Bitcoin counterparts ahead of anticipated ETF launch in US

Ethereum ETPs have been outperforming their Bitcoin counterparts over the past week as anticipation builds ahead of potential spot Ethereum ETF launches in July.Bitwise CIO Matt Hougan outlined three reasons investors may want to add spot Ethereum ETFs to their portfolio upon launch and another to remain Bitcoin-only.

The Block·2024/06/18 15:13
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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