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Bitcoin Fear and Greed Index hit new lows as BTC struggles to break crucial resistance
Bitcoin Fear and Greed Index hit new lows as BTC struggles to break crucial resistance

Share link:In this post: The Bitcoin Fear and Greed Index has fallen to “extreme fear” (25), the lowest level it has reached since January 2023. BTC failed to breach the $60,000 price mark twice in the last two days. Bitcoin’s falling price has been linked to the ongoing Mt. Gox repayments, which started on July 5.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend ind

Cryptopolitan·2024/07/12 15:31
German Bitcoin Sell-Off Nears Completion, Here’s How Much Is Left
German Bitcoin Sell-Off Nears Completion, Here’s How Much Is Left

At the current pace, Germany could complete the sell-off soon, having unloaded around 35,000 BTC this week alone.

Cryptopotato·2024/07/12 13:43
Flash
13:56
Polygon zkEVM to Cease Operations on July 1, Users Urged to Withdraw Assets and Liquidity Positions
The Polygon zkEVM network is set to officially enter the sunset process on July 1, 2026 (Wednesday), with approximately two weeks remaining until full service cessation. The official recommendation is for users to withdraw all assets and liquidity positions before the deadline to avoid the risk of being unable to retrieve their assets. It has been reported that funds locked in decentralized finance protocols cannot be automatically migrated; only assets stored in personal wallets that are not bridged to the Ethereum mainnet before the deadline will be automatically migrated to L1 and can be claimed through a dedicated interface.
13:56
U.S. Stocks Open Higher, SpaceX Rises 6.7%
On June 15, U.S. stocks opened with the Dow Jones up 1.2%, the S&P 500 up 1.3%, and the Nasdaq up 2.1%. New stock SpaceX (SPCX.O) continued its upward trend, rising by 6.7%. Nvidia (NVDA.O) increased by 1.7%, as the company plans to raise at least $20 billion through the issuance of high-grade bonds.
13:47
Economist: US-Iran Agreement Reduces Recession Risk, but Does Not Alter Outlook
BlockBeats News, June 15th, Ben May and Bridget Payne from the Oxford Institute of Economic Research stated in a report that despite possible future setbacks, the US-Iran agreement has reduced the continued decline in oil inventories, ultimately leading to a surge in global energy prices and the risk of an economic recession. However, they noted that this does not automatically mean that the volume of oil flowing through the Strait of Hormuz will increase faster than previously expected. "We originally assumed that shipping through the Strait of Hormuz would resume by the end of July. Nevertheless, our current short-term oil price forecast still appears to be on the high side." They added that the reopening of the Strait of Hormuz is likely to help reduce inflation but has limited potential to boost economic growth. Therefore, this development further strengthens their view that the Federal Reserve and the Bank of England will not raise interest rates, and other central banks that have already raised rates will not do so again. (FXStreet)
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