Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated notable confidence in the long-term market outlook. Report Shows Despite Consolidation, New Bitcoin Investors Display Strong Market Confidence
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Source: Bitcoin.com
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China’s Crypto Brokers Attract $75,000,000,000 in Funding Despite Regulatory Crackdown: Report
Over-the-counter (OTC) crypto desks in China are reportedly attracting tens of billions of dollars from investors despite the nation’s crackdowns on the digital assets industry. Citing data from crypto analytics firm Chainalysis, Bloomberg reports that the OTC brokers in China have lured in $75 billion worth of funds in the last nine months. In 2021, The post China’s Crypto Brokers Attract $75,000,000,000 in Funding Despite Regulatory Crackdown: Report appeared first on The Daily Hodl . Bitcoin.com
Triple Top Spotted on BNB, Eyes on 18% Price Decline
The post Triple Top Spotted on BNB, Eyes on 18% Price Decline appeared first on Coinpedia Fintech News Following an impressive price surge of over 25%, Binance Coin (BNB) now appears bearish and a price decline may be seen in the coming days. The negative outlook for BNB is likely due to the formation of a bearish price action pattern on the daily chart and concerning on-chain metrics. BNB Technical Analysis and Upcoming … Bitcoin.com