Category: Market Analysis
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Bitcoin stays around $77K after 200-day moving average rejection
[ad_1] Key takeaways BTC remains around the $77k level after rejecting the 200-day moving average. The bearish performance comes as rising inflation and Treasury yields weigh on risk sentiment. Bitcoin slipped below $77,000 earlier on Wednesday after failing to break above the 200-day moving average near $82,000, as rising inflation and tighter macroeconomic conditions weighed…
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Will the CEX outflows allow PI to recover above $0.1500?
[ad_1] Key takeaways PI is up by nearly 2% as bulls attempt to push the price above $0.1500. The ongoing token unlock could still put further pressure on the coin. Bulls look to push PI above $0.1500 Pi Network (PI) has been one of the worst performers among the leading cryptocurrencies in recent days. The…
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XRP Risks 40% Dip Versus Bitcoin Despite Persistent ETF Inflows
[ad_1] XRP (XRP) has fallen about 5% against Bitcoin (BTC) over the past week, and the confirmation of a bearish pattern now points to the risk of more losses ahead. Key takeaways: XRP/BTC’s descending triangle pattern on the weekly chart points to a possible 40% drop toward 0.000011 BTC. Persistent institutional demand through US-based spot…
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Bitcoin slides below $76,800 as ETF outflows and inflation fears pressure crypto markets
[ad_1] Key takeaways BTC dips lower for a fourth straight day on Monday after losing nearly 6% the previous week. US-listed BTC spot ETFs record a weekly outflow of $1 billion, the highest in three months. Bitcoin (BTC) remained under pressure on Monday, trading below $77,000 after declining nearly 6% last week, as persistent spot…
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Meme coins remain under pressure as Dogecoin extends losses
[ad_1] Key takeaways Dogecoin extends its correction on Monday as memecoins record huge losses. DOGE could drop below $0.10 if the bearish trend persists. Memecoins record huge losses The cryptocurrency market opened the new weekly candle bearish, with Bitcoin (BTC) slipping below the $77,000 level on Monday and risk appetite deteriorating across digital assets. Meme…
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Over $600M liquidated from crypto market in a single hour as leveraged longs get wiped out
[ad_1] The crypto market just had its face ripped off. More than $609 million in futures positions were liquidated in a single hour, with the overwhelming majority, some $592 million, coming from traders who were betting prices would keep climbing. Only $17 million came from short positions. In other words, this was a one-sided massacre…
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PI faces corrective pressure as token struggles below $0.17
[ad_1] Key takeaways Pi Network extends losses on Friday as a 50-period EMA caps short-term recovery attempts. The token could drop below the $0.1600 if the bearish trend persists. Pi Network (PI) extended losses on Friday, risking a bearish breakout from its short-term consolidation on the 4-hour chart. The token remains capped by the 50-period…
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India’s stock market risks dropping out of top five as AI rallies boost Taiwan and Korea
[ad_1] India spent years climbing the global equity rankings, reaching the fourth-largest stock market in the world with a market capitalization of roughly $4.3 trillion in early 2024. Now that position is under threat, and the culprit is one India knows intimately but from the wrong side: artificial intelligence. Taiwan and South Korea, home to…
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Ripple (XRP) tests $1.43 support amid mixed market sentiment
[ad_1] Key takeaways Ripple (XRP) tests support at $1.43 amid selling pressure from the $1.50 supply zone. Institutional ETF inflows rebound to $1.37B, while futures open interest rises to $3.09B, signaling cautious optimism. Ripple (XRP) is grinding lower on Friday, testing key support at $1.43 after being capped by strong selling from the $1.50 supply…
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Bitcoin struggles below $80,000 amid institutional withdrawal
[ad_1] Key takeaways Bitcoin has dipped below $80,000 after being rejected by the key 200-day EMA supply zone. US-listed spot ETFs recorded an outflow of $635 million on Wednesday. Bitcoin (BTC) fell below $80,000 on Thursday after failing to overcome a key overhead supply area earlier this week. The pullback is attributed to fading institutional…