Fernande Duell NkRU
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Crypto markets broadly gave up a large chunk of yesterday’s gains as investors took profits following Bitcoin’s new high of roughly $122,800. The Relative Strength Index (RSI) hit above 80 yesterday, well beyond the 70 level that typically signals an overbought market, foreshadowing potential volatility. Today, the RSI has swung to 25, with 30 usually marking an oversold position, signalling a wild shift in sentiment. Despite the sizeable overnight dip, Bitcoin and others down 4% or more, it’s worth taking a step back to assess the broader impact of this latest rally.
Even just looking at the top three crypto assets by market cap: Bitcoin is up over 7% for the week, Ethereum (ETH) has added more than 16%, and XRP (XRP) has rallied over 25%. The gains are even more striking over the past 30 days.
Even just looking at the top three crypto assets by market cap: Bitcoin is up over 7% for the week, Ethereum (ETH) has added more than 16%, and XRP (XRP) has rallied over 25%. The gains are even more striking over the past 30 days.
Market pullback – Crypto markets dipped overnight as investors took profits after Bitcoin hit a new all-time high of $122,800.
📊 Volatility spike – The Relative Strength Index swung from an overbought 80 to an oversold 25 in just 24 hours, signalling sharp sentiment shifts.
🏛️ Regulatory progress – The US House is debating three crypto-friendly bills this week, the GENIUS Act, Clarity Act, and Anti-CBDC Surveillance State Act, which could reshape the regulatory landscape.
🚀 Bullish longer-term trend – Despite the short-term dip, Bitcoin is still up 7% over the week, Ethereum 16%, and XRP 25%, highlighting the broader rally’s strength.
📊 Volatility spike – The Relative Strength Index swung from an overbought 80 to an oversold 25 in just 24 hours, signalling sharp sentiment shifts.
🏛️ Regulatory progress – The US House is debating three crypto-friendly bills this week, the GENIUS Act, Clarity Act, and Anti-CBDC Surveillance State Act, which could reshape the regulatory landscape.
🚀 Bullish longer-term trend – Despite the short-term dip, Bitcoin is still up 7% over the week, Ethereum 16%, and XRP 25%, highlighting the broader rally’s strength.
The Bitcoin is indeed unpredictable. Will it still soar or will it plummet over time?
Just surpassed the $112K mark
Just surpassed the $112K mark
hi
Trump does forget the fact that doing so would probably impact the US economy as well, because other US rivals would respond likewise
Trump does forget the fact that doing so would probably impact the US economy as well, because other US rivals would respond likewise
Binance News
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U.S. President Trump Announces 25% Tariff on Japan and South Korea
According to BlockBeats, U.S. President Donald Trump has announced plans to impose a 25% tariff on imports from Japan and South Korea. This decision marks a significant shift in trade policy and could impact economic relations between the United States and these countries. The announcement has sparked discussions on potential repercussions for international trade and diplomatic ties.
Since the US president has climbed to power, we constantly observed major economic challenges and or changes .
Do you guys the way US President Donald Trump handles the state affairs is profitable or not?
Do you guys the way US President Donald Trump handles the state affairs is profitable or not?
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