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BTC Faces Further Downside as $60K Comes Into Focus

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  Get Daily Altcoin Signals & Automated Trade Setups With Professional Trading Strategies – https://t.me/futuressignalsrobot Bitcoin's collapse has accelerated dramatically over the past several days, but the rebound might not be coming soon. 10 days ago, BTC traded at $81,000. On Friday morning, the cryptocurrency crashed below $68,000 for the first time in nearly three months. On Saturday, it tanked further to under $67,000. CryptoPotato reached out to two market experts to try to get a perspective on the current conditions and whether they anticipate an immediate bounce or more pain on the horizon. Why $68K Is So Important Martin Lee, Market Insights Lead at DWF Labs, highlighted bitcoin’s 50-week moving average near $75,000, which the asset is on track to close beneath only eight weeks after reclaiming it. Historically, moves back above that trend line have often preceded sustained rallies, while losing it has opened the door for further downside. Lee, ...

XRP-Linked Evernorth XRPN Crashes 83% in Just One Month

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  Explore the provided link to achieve a steady profit in Binance futures trading: https://telegram.me/btctradingclub Barely a month after its long-anticipated debut, XPRN has collapsed below $9. Moreover, it has dramatically underperformed XRP itself. After months of preparation and anticipation, the merger between Evernorth and Armada Acquisition Corp. II was finally finalized in October, and their brainchild’s stock went live for trading on Nasdaq. What was supposed to be a major milestone for XRP’s expansion into traditional finance, though, has turned into a massacre, with XRPN falling from an intraday high of over $52 on its debut day to single digits. 83% Down XRPN closed at the end of the previous business week at under $9, having touched a new local low of $8.35 during the Thursday session, which was quite brutal for the crypto market and volatile for Wall Street. Its high came at almost $53, reached on its debut shortly after launching. This means that th...

Bitcoin Tests Critical Long-Term Support as $57.7K Target Looms

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  Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades – https://telegram.me/cryptosignalalert Download our free app and receive signals on your mobile – https://play.google.com/store/apps/details?id=com.freecryptosignals.app Bitcoin price action interacted with its 200-week simple moving average for the first time since mid-August as it fell below $68,000. Bitcoin (BTC) fell to $67,500 on Friday, slipping below its 200-week simple moving average on its first test of the level in nearly three months. Bitcoin fell to its 200-week simple moving average at $67,993, marking its first interaction with the trend line in 11 weeks. Material Indicators co-founder Keith Alan said Bitcoin could revisit $57,700 if its weekly relative strength index fell below 41.5. Asian stocks and Nasdaq-100 futures fell following Jensen Huang’s resignation as Nvidia CEO. ...

Bitcoin ETF Outflows Surge to $2.35B Amid BlackRock Sell-Off

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  Explore the provided link to ensure a steady profit in Binance futures trading: https://telegram.me/binancefuturesignal US spot Bitcoin ETFs recorded $185.4 million in net outflows Friday, with BlackRock’s IBIT accounting for $143.5 million and Fidelity’s FBTC shedding $41.9 million. US spot Bitcoin exchange-traded funds (ETFs) recorded $2.35 billion in net outflows over two consecutive weeks, as redemptions reached more than $1 billion each week. According to Farside Investors data, spot Bitcoin ETFs shed $1.07 billion between from Monday to Friday, following $1.28 billion in outflows the previous week, the largest weekly redemptions since late June. The funds recorded $185.4 million in net outflows on Friday, down from $284.1 million on Thursday and $299.8 million on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for $143.5 million of Friday’s withdrawals, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) shed $41.9 million. Friday marked the ...

Waller Speech Sparks Rate-Hike Fears as Bitcoin Eyes $74K

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  Explore the provided link to achieve a steady profit in Binance futures trading: https://telegram.me/btctradingclub Bitcoin price action and stock futures trended lower after Fed governor Christopher Waller said that he would vote to raise interest rates by 0.25% at the December FOMC meeting. Bitcoin (BTC) fell toward $74,000, and US stock futures dropped on Tuesday as a senior Federal Reserve official voiced support for hiking interest rates. Bitcoin traded 1.3% lower on Tuesday, reaching $74,080 as Nasdaq futures fell 0.4% ahead of the Wall Street open. October US CPI data, due for release at 8.30am on Tuesday, is expected to show a monthly increase of 0.3%, less than September’s 0.6% gain. Federal Reserve governor Christopher Waller said that he would “support” a 0.25% interest-rate hike at the Dec. 9 FOMC meeting regardless of Tuesday’s CPI reading. Waller would “still support” December rate hike after lower CPI These are good profit and we co...

BTC Loses $8K in a Week as Three Major Risks Emerge

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  Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades – https://telegram.me/cryptosignalalert Download our free app and receive signals on your mobile – https://play.google.com/store/apps/details?id=com.freecryptosignals.app When BTC heads south as violently as it did over the past week or so, analysts are trying to determine what caused the calamity and what’s next. On the surface, there are always some evident reasons, such as the building macro pressure, uncertainty after the midterm elections for crypto, and the Bitcoin ETF outflows, which neared $1.3 billion last week alone, and have continued as the new week began. But we will focus on more unexpected factors in this article that could be behind this major leg down. Those that remain behind the scenes. Liquidity and Longs The first factor came from stablecoins, which have helped finance virtually e...

Bitcoin Retail Capitulation Begins: Is a Bullish Reversal Near?

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  Visit this link to make money with bitcoin and other cryptocurrencies. Receive daily altcoin signals with the best crypto trading startegy – https://telegram.me/freecryptosignalsdaily Bitcoin’s latest major leg down that pushed it to a multi-month low has started to visibly shake out retail investors, with thousands of previously funded wallets being emptied as the cryptocurrency fails to stage a notable recovery. The development comes alongside some of the worst market sentiment in months, raising the question of whether the sell-off is entering a capitulation phase. Almost 110K BTC Wallets Gone Santiment Intelligence reported earlier today that the Bitcoin network has reached 59.99 million non-empty wallets on October 16, narrowly missing the 60 million milestone. Since then, though, the figure has witnessed a sharp decline, falling by roughly 108,700 wallets as BTC’s price was rejected and the promise of an ‘Uptober’ failed. The analysts attributed the decline...