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Author: CryptoPress

Bitcoin’s 14-Day RSI Signals Oversold Conditions

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BTC’s 14-day RSI falls below 30, marking oversold territory after a sharp price decline. Bitcoin trades around $91,700, down 28% from its $126,000 peak last month. Historical RSI lows have preceded downtrend slowdowns, but confirmation via price action is key. Bitcoin has entered oversold territory according to its 14-day relative strength index (RSI), dipping below the key 30 threshold as the cryptocurrency grapples...

Breaking, News

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Crypto Weekly Snapshot – Fear, Flows, and Flickers of Hope

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The crypto market entered November on a high note, with Bitcoin briefly piercing $122,000 amid post-election euphoria and institutional inflows. Yet, by mid-month, reality bit hard: a four-day rout erased gains, pushing BTC below $95,000 for the first time since May. This wasn’t just a crypto quirk—broader markets echoed the pain, as Big Tech stocks tumbled on AI spending concerns and U.S. equities braced for delayed jobs data after the...

Bitcoin, Crypto market

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Strategy Buys Bitcoin Every Day This Week Amid Dip, Saylor Denies Sale Rumors

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Daily Acquisitions: Strategy purchased Bitcoin every weekday this week, signaling accelerated buying despite BTC’s plunge below $100,000. Total Holdings: The firm’s BTC stash now exceeds 641,000 coins, valued at approximately $62.3 billion at current prices. Rumor Denial: Saylor dismissed reports of sales, attributing on-chain activity to custodian switches rather than liquidations. Strategy’s Unyielding...

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Inflation and Crypto

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Inflation, the gradual erosion of purchasing power in fiat currencies, has long plagued traditional economies. In the crypto space, it represents both a threat and an opportunity. Cryptocurrencies like Bitcoin (BTC) position themselves as inflation hedges, drawing parallels to scarce assets such as gold. This glossary entry explores the interplay between inflation and crypto, from historical contexts to mechanical advantages, empowering...

Glossary, Guides

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Solana ETFs Draw $70 Million Inflows Amid Broader Crypto Market Outflows

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Solana ETFs saw $70 million in net inflows over the past day, contrasting sharply with outflows from major crypto funds. This influx suggests growing investor interest in higher-beta assets like Solana amid fatigue in Bitcoin and Ether. Bitwise’s Solana ETF led the charge, highlighting resilience in the Solana ecosystem despite price declines. Solana ETFs Buck Market Trend In the last 24 hours, Solana...

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