Matt Menah, 21Shares' cryptocurrency strategist, said that it is difficult to predict the performance of Bitcoin due to the randomness of short-term trends. He said that cryptocurrencies react to major catalysts such as macroeconomic data, central bank decisions, and regulatory developments. However, Bitcoin also has "very technical characteristics," so chart levels play an important role in its trends compared to traditional assets. Another factor to consider is that it trades around the clock on a series of globally dispersed exchanges, each with different levels of liquidity. This, coupled with increasing algorithm participation and on-chain data signals, means that price movements may sometimes be driven by technical, positional, or automated strategies rather than fundamental news.
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21Shares strategist: Bitcoin's trend may be difficult to predict
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BTC breaks $90,000
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The US spot Bitcoin ETF saw a net inflow of $54.8 million yesterday.
according to data monitored by Farside Investors, the US spot Bitcoin ETF had a net inflow of 54.8 million USD yesterday. -
The US spot Ethereum ETF saw a net outflow of $75.2 million yesterday.
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Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.
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He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.
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Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)
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White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates
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The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.
yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020. -
Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
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