
⭕️$94K Support Is Traders’ Last Bastion to Maintain Uptrend
🔸 Bitcoin (BTC) price entered its first bearish pattern since February on Thursday, falling below the $98K support level. The downtrend continued on Friday, reaching $94,500. This level brings Bitcoin closer to the $93,500 threshold, the starting point of th...
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⭕️Bitcoin ETFs Had a Negative Week
🔸 Bitcoin ETFs in the US saw more than $1.2 billion in outflows this week. BlackRock’s Bitcoin ETF saw the most outflows at $268.6 million.
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⭕️ Altcoins Collapse as Bitcoin Falls Below $110K
🔸With Bitcoin’s price falling below $110K, the altcoin market faced intense selling pressure, leading to the liquidation of over $1.1 billion in long positions yesterday. 75% of these losses were in altcoins, with nearly 45% of them coming from Ethereum alone, which f...
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⭕️ Bitcoin Hash Rate Hits New All-Time High of 1,079 Exahashes per Second
🔸 On-chain data shows that the Bitcoin network hash rate has climbed to an all-time high, despite a sharp drop in the price of Bitcoin. The seven-day average of this key metric, which measures the overall computing power of the network, reached...
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⭕️ Vitalik Buterin Praises Base Network for Positive Performance
🔸 In a rare comment, Ethereum founder Vitalik Buterin praised Coinbase’s Base Network, calling it a benchmark for how layer-two networks should perform. He emphasized in a post on social network X that the network combines practical utility with the sec...
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⭕️ PancakeSwap Enables Direct Exchange of Solana with Ethereum and BNB
🔸 PancakeSwap platform has expanded its cross-chain swap capability to Solana (SOL). The update went live on September 22nd and allows users to directly exchange Solana tokens with other networks.
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⭕️60K ETH Out of Staking Protocols in 27 Days
🔸 After 14 weeks of strong capital inflows, Ethereum staking protocols (LSPs) have seen a net outflow of 60K ETH worth $268.55 million in the 27 days ending September 20. This comes as the total value locked in these protocols is now estimated at $63.99 billion.
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Bitcoin Short Positions Rise in Derivatives
Analysts at Glassnode said in a report that large traders on derivatives exchanges continue to have a bearish view on the price of Bitcoin, with shorts dominating longs.
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Ethereum Treasury Firm Files for $2.24 Billion Initial Public Offering on Nasdaq
The Ether Machine, one of the largest Ethereum treasury firms, has confidentially filed its Form S-4 with the U.S. Securities and Exchange Commission (SEC) and plans to list on the Nasdaq through a merger with Dynamix Corporation. If appr...
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Historically, the total value of the cryptocurrency market has surpassed $4 trillion for the first time.
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Glassnode: Bitcoin’s recent drop is the result of short-term investor selling
Glassnode data shows that Bitcoin’s recent drop was largely due to short-term investors selling, with $18.24 billion moving in the past 24 hours.
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