luoncog (graymmo)

luoncog

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Bitcoin eth market situation today ### Bitcoin (BTC) * Bitcoin is trading around **$114,700**, up ~2.2% intraday. * Recent action shows support near **$110,000** and resistance in the **$112,000–$113,000** zone. * There’s talk of a “rebound” from lower levels after a prior liquidation wave. * Some analysts warn that if BTC falls below ~$111,300, it could trigger further downside pressure. ### Ethereum (ETH) * Ethereum is registering strong performance, currently ~$4,219, up ~2%. * ETH is being bolstered by institutional demand (e.g. through spot ETFs) and accumulation by large holders (“whales”). * The ETH/BTC ratio is also rising, indicating ETH is outperforming BTC in relative terms. * Key resistances for ETH lie in the ~$4,200–$4,300 zone; support zones lie lower, closer to ~$4,000.

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Bitcoin eth market situation today 🔍 Market Situation & Recent Trends Bitcoin (BTC) Bitcoin is trading around $112,272 USD, with intraday swings between about $109,256 and $112,340. The market has seen some pressure, with recent liquidations in crypto derivatives contributing to volatility. BTC is currently consolidating in a range, with resistance zones near $113,000–$114,000 and support potentially around $110,000 or slightly below. Institutional interest (via spot ETF flows, on‑chain accumulation) continues to be a focal point for market watchers

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🔍 Market Action & Trend Bitcoin (BTC) Current BTC price is hovering around $109,471. Intraday volatility is not too strong — intraday high around $109,814 and low around $109,253. Selling pressure may appear if price approaches strong resistance, while support is near today's low. Ethereum (ETH) ETH is trading around $3,993.57. Intraday volatility: high ~$4,033.58, low ~$3,986.21. ETH is under slight pressure as there is a small correction from the higher price range.

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Top casts

Stablecoins are about to get a serious shake-up in the U.S. 🇺🇸 New bipartisan bills in the House & Senate aim to put tight controls on issuers, enforce strict reserves, and keep tech giants like Facebook & Google OUT of the game. The Fed is stepping in with oversight, while lawmakers crack down on offshore giants like Tether. Even former FTX figures like SBF are banned from touching stablecoin firms. Supporters say this could boost financial inclusion and solidify the dollar’s global dominance. But is this the clarity crypto needs—or a crackdown on innovation? Are we about to see the biggest shift in stablecoins EVER? 🚀

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October 2023 vs October 2024 In October 2023, Bitcoin dropped 7% in the first week and then pumped hard. Now, in October 2024, Bitcoin is down 6.5% in the first 4 days. Last year was a real "Uptober", this year, time will tell

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