Andrew Goncharow
@gazuz
56 Following
182 Followers
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After a significant price decline of 10% in the last two days, Bitcoin is now ready for a reversal, according to some analysts. For example, crypto analyst Trader Tardigrade said that the CMO indicator signals a potential reversal for BTC.
🕯Having reached an all-time high of $73,777 in March 2024, BTC has been moving in a descending channel since then. The trader noted that whenever BTC reaches the bottom of the channel, the CMA technical indicator touches the rebound trigger zone and the BTC price begins to recover.
⚠️However, most investors are still leaning towards a drop to $50K, as short-term traders are in the red, which is why they gradually sell their coins, which puts pressure on BTC. However, we will discuss this issue in more detail in a new video that will be published later. 1 reply
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🐋 Blockchain gaming operator Animoca Brands has reported a 75% drop in its valuation on the secondary market. Animoca was valued at $5.9 billion during the NFT mania of 2022, and is now valued at $1.5 billion, indicating little interest in non-fungible tokens and blockchain games.
🐳 Cryptocurrency investment funds, despite the correction, attracted $176 million in the past week. Investors saw the recent decline in quotes as an opportunity to buy, noted analysts at CoinShares, specifying that Ethereum funds turned out to be the leaders in asset inflow ($155 million).
⛔️ On August 19, Binance will delist CVP, EPX, FOR, LOOM, REEF and VGX due to non-compliance with exchange standards. The platform also called for the withdrawal of the balances of Bitcoin Gold (BTG), MobileCoin (MOB), Monero (XMR) and other assets. Otherwise, an automatic conversion to USDC will take place on September 12. It will last until March 1, 2025, after which the amount will be credited to the balance. 0 reply
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