Attention Bitcoin Bulls, China Stimulus May Have Lost Its Mojo
Submitted by Anonymous (not verified) on Fri, 10/04/2024 - 15:10According to BCA Research, generating large bullish "credit impulses" is now a tough task for China.
According to BCA Research, generating large bullish "credit impulses" is now a tough task for China.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 4, 2024.
Bitcoin and ether outflows from ETFs contribute to this week's weak crypto price action.
Geopolitical risk fueled by conflict in the Middle East and the upcoming U.S.
Most gains come in the latter part of the month.
BTC's implied volatility curve shows a noticeable kink on Oct. 5, signaling expectations for an unusually volatile Saturday.
Tron's rise as a stablecoin leader highlights the growing importance of stablecoins in global finance, especially in volatile economies.
Bitcoin held above the $60,000 key support level, while Ethereum's ETH fell to near its weakest level against BTC since mid-September.
Punk 1563 changed hands for 24,000 ETH, a huge markup versus recent pricing.
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