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Niche boutique project, Last Memories ($GEEK) may have 10x growth potential
远山洞见·2024/10/09 06:05
Daily BTC Market Briefing | Explore the Future of Crypto and Seize Market Opportunities
3Friends·2024/10/08 07:10
BGB Price Volatility Statement and Compensation Plan
Bitget Announcement·2024/10/08 05:56
![Bitget Daily Morning News | Fan token sector sees strong rise, on-chain Meme popularity remains high [8 October]](https://img.bgstatic.com/multiLang/web/fe6100130ffcab6fe8a68393f366391a.png)
G7 countries to implement robust measures to safeguard AI competition
FN资讯精选·2024/10/07 04:18
This week's macro outlook: Fed meeting minutes and CPI data are about to be released
FN资讯精选·2024/10/07 03:04
Tokens such as EIGEN, OP, and ENA will undergo significant unlocks this week
金色财经·2024/10/07 02:39
Flash
- 07:40Arthur Hayes: When the US government shutdown ends, BTC will rise, and ZEC will also rise.According to ChainCatcher, Arthur Hayes stated in an article that since the U.S. raised the debt ceiling in July, BTC has dropped by 5%, U.S. dollar liquidity has decreased by 8%, and the growth of the U.S. Treasury General Account (TGA) has led to an outflow of dollars from the system. When the U.S. government shutdown ends, the TGA will decrease, which will be favorable for dollar liquidity, and the price of BTC will rise, as will the price of the ZEC token.
- 07:40Hong Kong SFC introduces measures to promote global connectivity in the digital asset marketAccording to ChainCatcher, citing Golden Ten Data, Huang Lexin, Director of the Intermediaries Division and Head of the Fintech Unit at the Hong Kong Securities and Futures Commission (SFC), stated that Hong Kong has incorporated "connecting global liquidity" into its digital asset development roadmap. The goal is to enable Hong Kong investors to access global markets and attract more institutional trading businesses to Hong Kong. The SFC will allow licensed cross-border trading platforms to share global order books with overseas affiliates as a primary step toward achieving global connectivity. Currently, two consultations are underway to improve the ecosystem, with plans to issue licenses to virtual asset custodians and explore bringing investment advisory services and specific asset classes under regulatory oversight.
- 07:40Matrixport: Bitcoin is approaching the oversold zone, current price level may be considered for buying the dipChainCatcher news, Matrixport released a chart indicating that from a technical perspective, bitcoin is approaching the oversold region, an area that has historically been prone to rebounds. However, to determine whether the downtrend has ended and the market has entered a recovery phase, historical experience suggests that we often need to wait for the daily chart to provide a clearer signal of a bottom, which has not yet appeared in the current market. In terms of position, bitcoin has already retraced to the risk zone we previously identified based on on-chain signals and changes in market structure. The current price level has a certain appeal for "buying the dip." However, for a more sustained upward trend to emerge, new macro-level positive catalysts are still needed, and such drivers are currently insufficient. Some technical indicators, including RSI, have shown signs of stabilizing and rebounding, but to confirm that the market has completed bottoming out, it may still require a further round of spot-led deleveraging and position clearing.