With selling pressure at $85,000 dissipating, Bitcoin is eyeing the $100,000 mark as on-chain signals resonate with favorable macroeconomic developments.
Bitcoin has broken through the key resistance level of $85,000, with data from Glassnode and CryptoQuant indicating a weakening of selling pressure and a resurgence of accumulation patterns. Bitwise notes that the cost basis is reverting, while Deribit's options positioning suggests a range between $90,000 and $100,000.
8:30 p.m. tonight! U.S. September nonfarm payrolls are set to be released—will the Federal Reserve raise interest rates in October?
At 8:30 p.m. Beijing time on Friday, the United States will release its September non-farm payrolls report. The Federal Reserve’s September dot plot signaled further policy tightening within the year,
The Era of Crypto Fundamentals Has Arrived: Buybacks, Cash Flow, and Three Valuation Logics
Abstract: Buybacks and Real-World Assets (RWA) are fragmenting crypto from a unified beta into three distinct valuation frameworks.Original Title: Have Fun Staying Poor: Three Worlds: The
Weekend Reading | Wall Street Legend Bill Miller: Why Did I Bet Half My Wealth on Bitcoin?
Bill Miller is best known for outperforming the S&P 500 for 15 consecutive years while managing the Legg Mason Value Trust.
Bitwise In-Depth Report: 10 Emerging Trends in Institutional Crypto Investment
Unlike most assets, crypto assets were initially driven by retail investors. Even today, estimates suggest that retail investors still account for more than two-thirds of the crypto market.¹ This means that institutional investors will continue to play a pivotal role in the evolution of this asset class. Consequently, the extent to which institutions adopt crypto assets will significantly shape the outlook for this asset class.
Bitcoin has risen above its core cost zone; will the next resistance level be $96,700?
Bitcoin has risen above the key cost basis for the year. Profit-taking remains light, while ETF funds are flowing back in.By GlassnodeTranslated by AididiaoJP, Foresight NewsBitcoin has returned to