📉 Bitcoin's recent price drop from $71,980 to $67,550 left

--・777 views

📉 Bitcoin's recent price drop from $71,980 to $67,550 left traders in shock, especially those betting on a new all-time high after the early week rally. Despite this, analysts remain optimistic, predicting a parabolic uptrend once BTC breaks 2021's all-time highs. Some even suggest this could be a "fake out", a pattern Bitcoin has displayed before. The current correction has also led to a "hidden bullish divergence", further supporting Bitcoin's upside. However, the downturn did result in a $159.3 million liquidation of long positions. But hey, what's a rollercoaster ride without a few drops? 🎢

📉 Bitcoin's recent price drop from $71,980 to $67,550 left traders in shock, especially those betting on a new all-time high after the early week rally. Despite this, analysts remain optimistic, predicting a parabolic uptrend once BTC breaks 2021's all-time highs. Some even suggest this could be a "fake out", a pattern Bitcoin has displayed before. The current correction has also led to a "hidden bullish divergence", further supporting Bitcoin's upside. However, the downturn did result in a $159.3 million liquidation of long positions. But hey, what's a rollercoaster ride without a few drops? 🎢

Отказ от ответственности: на платформе опубликованы материалы и мнения третьих лиц. Не является финансовой рекомендацией. Может содержать спонсируемый контент. См. Правила и условия.

Последние новости криптовалют

⚡️ Участвуйте в последних обсуждениях в криптомире

💬 Общайтесь с любимыми авторами

👍 Изучайте темы, которые вам интересны

Эл. почта/номер телефона

Связанные авторы

LIVE

COINNEWS

@COINNEWS

Другие публикации автора

🎲 From poker pro to crypto whiz, Roy Bhasin, aka Zeneca, has been making waves in the NFT world. After a rollercoaster ride with his NFT portfolio, he's now all in on Fantasy Top, a game built on Ethereum's L2 network. Zeneca's poker skills have helped him navigate the chaotic crypto waters, teaching him to disassociate from money and focus for long periods. Despite his portfolio's ups and downs, he's still passionate about NFTs and Web3, and believes in the potential of blockchain technology. Just remember, folks, it's all fun and games until someone loses their chips! 🎰

🎭 In a plot twist worthy of a Hollywood thriller, President Biden is pondering whether to veto a pro-crypto bill, H.J.Res.109, that both the House and Senate have passed. This bill aims to overturn an SEC rule that requires banks to keep customers' crypto on their balance sheets. Biden's initial stance was to veto, citing concerns over limiting the SEC's regulatory reach. However, with a surprising show of bipartisan support for the bill, the crypto community is left in suspense. Will Biden stick to his guns or bow to the political pressure? Stay tuned for the next episode!

🚀Fantom Foundation, the brains behind the Fantom decentralized network, is launching a new foundation to oversee the rollout of their upcoming Sonic chain. The Sonic Foundation will manage Sonic’s governance, network treasury, partnerships, and DApp ecosystem. Sonic will offer a new layer-1 solution and a built-in layer 2 that connects directly to the Ethereum network. This means Sonic users can tap into Ethereum’s vast ecosystem of decentralized applications, liquidity providers, and community. Fantom's unique consensus model, Lachesis, allows for a finality time of 1-2 seconds per block. Sonic boom, anyone?

🎉 The SEC has given a thumbs up to spot Ether (ETH) exchange-traded funds in the US! This nod of approval comes despite whispers of the regulator possibly labeling Ether as a security. This move follows the SEC's approval of Bitcoin ETFs earlier this year, making 2022 a year of firsts for the crypto industry. However, don't pop the champagne just yet, as ETF issuers still need the SEC's signature on their S-1 registration statements before trading can officially begin. This could take anywhere from days to months. Meanwhile, the House of Representatives has voted in favor of a bill that could bring more regulatory clarity to the crypto world. Stay tuned for more updates!

📣 The US House of Representatives passed the CBDC Anti-Surveillance State Act, a bill that could put the kibosh on Federal Reserve banks offering certain products or services directly to individuals. The bill, which is as controversial as pineapple on pizza, has sparked debates about potential abuse of a central bank digital currency (CBDC) and the risk of undermining the U.S. dollar's primacy. Critics have called the bill a "word salad" favoring "crypto bros," while supporters warn of a dystopian future where the politician you despise most controls a CBDC. The bill now faces a vote in the Senate. Stay tuned! 🍿