📌 Daily Summary
● LIVE TRACKINGBitcoin has showcased remarkable resilience, marked by a strong seven-day winning streak, igniting speculation about a potential new rally amid mixed signals from market analysts. The digital asset's price movements are under scrutiny as experts highlight critical resistance levels around the $65,000 range, particularly in light of the forthcoming Federal Reserve meeting. Notably, BitMEX, a pioneering cryptocurrency exchange, announced its impending closure, raising concerns among users regarding the future of their holdings. In a related development, the founder of a major Chinese Bitcoin mining firm has started trading significant amounts of Bitcoin and Ethereum, suggesting renewed confidence in the market. Additionally, Grayscale's analysis suggests that the bottoming out of Bitcoin's price may align with the established four-year cycle, emphasizing the ongoing quest for a bullish trend in the crypto landscape.
13:07
Bitwise's CIO stated that positive signals regarding a bottom formation are beginning to appear in Bitcoin. He explained what will trigger the new bull run.
12:03
Cryptocurrency analysis platform Santiment has analyzed the ETF inflows into Bitcoin (BTC) that have been ongoing for approximately 7 days.
11:01
Bitcoin and cryptocurrency derivatives exchange BitMEX announced it has decided to cease operations entirely following a strategic review.
09:32
The world's largest cryptocurrency fell as low as $65,484 during the day, according to data from Coinbase and TradingView.
08:35
F2Pool co-founder Chun Wang transferred a large amount of Bitcoin and Ethereum to Binance, according to on-chain data.
