$BTC
🚨 WHAT HAPPENED OVERNIGHT?
Here are the 14 biggest highlights, plus some context:
📉 Bitcoin falls to $74,000, its lowest level since August 21.
🔥 Another $1 billion in long liquidations in just a few minutes.
💥 SCANDAL: Nvidia CEO Jensen Huang admits to an affair with a suspected Chinese spy. The board of directors is investigating.
📉 S&P futures lose around $300 billion in value at the open in one minute. Shortly afterward, they turn positive.
🇮🇷 Meanwhile, talks with Iran stall. Trump considers another war "highly unlikely"; Tehran threatens retaliation.
↳ Bitcoin is currently trading like a tech stock. The result:
📊 The weekly candle closes at $74,968, below the 50-week average for the first time in 7 weeks.
⚠️ Many see this line as the dividing line between a bull and bear market.
🟢 BUT: In 2011/12 and 2019/20, no new lows followed immediately afterward.
🩸 Since October 14, net selling in the market has totaled 105,300 BTC, according to CryptoQuant.
↳ The chart looks weak, but historically, this has not been a 100% sell signal.
👀 CPI WEEK: US inflation data comes out on Tuesday, with a forecast of +0.3% after +0.6% in September. A rate hike in December remains on the table.
🏛️ Senator Blumenthal: Binance, Tether and Trump's crypto companies must submit documents by January 4.
🇺🇸 Trump defends his family's crypto business, World Liberty Financial, on 60 Minutes.
↳ The new majority means business. Crypto is becoming a subject of investigation in Washington.
🏦 Binance: Withdrawals are almost fully back online. The head of security speaks today at 12:00 UTC.
🟠 Saylor hints at Strategy's next purchase today: "Connecting the dots."
💬 An honest question for you: Bitcoin below the 50-week average. Is this a bear market again for you, or just a correction within a bull market?
#CryptoNewss #worldnews
🚨 WHAT HAPPENED OVERNIGHT?
Here are the 14 biggest highlights, plus some context:
📉 Bitcoin falls to $74,000, its lowest level since August 21.
🔥 Another $1 billion in long liquidations in just a few minutes.
💥 SCANDAL: Nvidia CEO Jensen Huang admits to an affair with a suspected Chinese spy. The board of directors is investigating.
📉 S&P futures lose around $300 billion in value at the open in one minute. Shortly afterward, they turn positive.
🇮🇷 Meanwhile, talks with Iran stall. Trump considers another war "highly unlikely"; Tehran threatens retaliation.
↳ Bitcoin is currently trading like a tech stock. The result:
📊 The weekly candle closes at $74,968, below the 50-week average for the first time in 7 weeks.
⚠️ Many see this line as the dividing line between a bull and bear market.
🟢 BUT: In 2011/12 and 2019/20, no new lows followed immediately afterward.
🩸 Since October 14, net selling in the market has totaled 105,300 BTC, according to CryptoQuant.
↳ The chart looks weak, but historically, this has not been a 100% sell signal.
👀 CPI WEEK: US inflation data comes out on Tuesday, with a forecast of +0.3% after +0.6% in September. A rate hike in December remains on the table.
🏛️ Senator Blumenthal: Binance, Tether and Trump's crypto companies must submit documents by January 4.
🇺🇸 Trump defends his family's crypto business, World Liberty Financial, on 60 Minutes.
↳ The new majority means business. Crypto is becoming a subject of investigation in Washington.
🏦 Binance: Withdrawals are almost fully back online. The head of security speaks today at 12:00 UTC.
🟠 Saylor hints at Strategy's next purchase today: "Connecting the dots."
💬 An honest question for you: Bitcoin below the 50-week average. Is this a bear market again for you, or just a correction within a bull market?
#CryptoNewss #worldnews
