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Bitcoin nears major breakout as price gains catch US equities
Bitcoin nears major breakout as price gains catch US equities

Share link:In this post: Bitcoin is nearing a major breakout as price momentum gains strength, according to Caleb Franzen’s analysis using the 120-day Williams%R Oscillator. Bitcoin’s price is up 61.6% year-to-date, significantly outperforming the Nasdaq-100, and it’s now catching up with the broader stock market rally. MicroStrategy, heavily invested in Bitcoin, has seen its stock rise 241.76% year-to-date, benefiting from Bitcoin’s gains and rising market momentum.

Cryptopolitan·2024/10/21 00:39
Flash
06:20
The current Crypto Fear & Greed Index is 24, indicating a state of fear.
Jinse Finance reported that on May 30, according to Coinglass data, the current Crypto Fear and Greed Index is 24, indicating a state of fear. Note: The Fear and Greed Index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + the proportion of Bitcoin in the entire market (10%) + Google trending keyword analysis (10%).
06:16
India’s National Stock Exchange to Extend Stock Derivatives Trading Hours
Glonghui, May 30 — The National Stock Exchange of India has announced that starting August 3, after the implementation of the closing auction mechanism for spot equities, the regular trading closing time for equity derivatives will be extended by 10 minutes to 15:40. The exchange published a notice on its official website on Friday stating that the closing auction session for spot equities on all trading days will be from 15:15 to 15:35. In the initial stage, this auction mechanism will cover only individual stocks with corresponding derivative contracts. Regular equity derivatives trading will close at 15:40, and trade modification operations can continue until 16:15. Additional note: The trading session for Indian spot equities remains from 9:15 to 15:30. The exchange stated that the calculation rule for derivatives’ closing prices remains unchanged and will still use the volume-weighted average price between 15:10 and 15:40.
06:10
Toyota responds to reports of halting development of the next-generation Lexus electric vehicle
Gelonghui, May 30th | According to Yicai, recent reports state that Toyota will discontinue the development of the mass-production model of its luxury car brand Lexus’s all-electric sedan “LF-ZC.” Toyota has confirmed the news, stating that the reason for halting this model’s development is “part of an adjustment to the company’s overall vehicle development projects, taking into account changes in market demand.” Toyota also emphasized that the company is only making adjustments to the development plans for certain vehicles, and this does not mean abandoning BEV (battery electric vehicles).
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