Analyst: The Power of Trend indicator, based on ADX, has dro | CrypticNews Hub on Binance Square

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Analyst: The Power of Trend indicator, based on ADX, has dropped to 20%.
It's evident that these are low values for forming a new trend.

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In the past six weeks, 103,000 bitcoins have been moved to over-the-counter (OTC) wallets. The growing balance and declining market price suggest that they have yet to find a buyer.

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U.S. stock futures were little changed on Wednesday after the S&P 500 and Nasdaq Composite ended a three-day losing streak, boosted by gains in Nvidia and other tech companies. In extended trading, Rivian shares jumped nearly 50% following Volkswagen's announcement to invest up to $5 billion in the electric vehicle maker, and FedEx shares surged 14% due to better-than-expected quarterly results and cost-cutting measures. During regular trading on Tuesday, the S&P 500 and Nasdaq Composite rose by 0.39% and 1.26% respectively, while the Dow fell by 0.76%. These moves came as Nvidia climbed 6.8% after three days of heavy selling, leading a rally in technology and artificial intelligence stocks. Other tech companies, including Tesla (2.6%), Meta Platforms (2.3%), and Alphabet (2.7%), also saw significant gains. Investors are now looking ahead to earnings reports from General Mills, Paychex, and Micron Technology on Wednesday, as well as the U.S. PCE inflation data on Friday.

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Ecoinometrics Bitcoin started the year with a lot of buzz. It significantly outperformed the stock market due to the launch of an ETF. However, recent trends show a divergence: - #Bitcoin - Despite early growth, $BTC is now trading in a range. - NASDAQ - Steady growth since mid-May, with year-to-date returns over 20%. Bitcoin currently lacks the same momentum as tech stocks.

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U.S. Congressman Matt Gaetz has introduced a bill that would allow federal income tax payments to be made using #Bitcoin

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