News list for " Hart says"
Matrixport released today's chart saying that this weekend, the launch of TRUMP meme coin set off a trading frenzy on centralized exchanges, with major platforms launching the coin at a record pace. However, the subsequent launch of MELANIA coin quickly reversed the market sentiment, and the price of the currency plummeted, causing heavy losses to buyers on Sunday. This intense volatility has driven the overall trading volume surge, including Binance, the world's largest exchange...
Matrixport released today's chart saying that fluctuations in global liquidity may put some pressure on bitcoin. Historical data show that liquidity changes usually lead bitcoin price movements by about 13 weeks. With the strengthening of the dollar after Trump's re-election, global liquidity denominated in US dollars has begun to tighten, suggesting that bitcoin may enter a consolidation stage in the near future. However, this consolidation is expected to be only a temporary phenomenon. Overall...
Matrixport released today's chart saying that in 2024, Ethereum's performance was not satisfactory. Its weak performance obviously began after the launch of the Ethereum ETF, and the inflow of funds was much lower than the market expected. At the same time, on July 31, 2024, Senator Loomis introduced the Bitcoin Bill, proposing to position Bitcoin as a strategic reserve asset. Bitcoin, by contrast, has succeeded in establishing a niche for "digital gold" and potential reserve assets.
Matrixport released today's chart saying that currently, bitcoin is digesting the rally of the past few weeks. During this time, the futures unpositioned squaring contract has surged from $18 billion in October to $29 billion, an increase of 50%. At the same time, bitcoin funding rates have soared from 10% + to a peak of 80% +. Historical data shows that this rapid position building is usually followed by a short period of consolidation, after which the bull market may continue. This pattern cou...
Matrixport published a daily chart saying that Ethereum, like Bitcoin, tends to lose momentum when the price rises sharply, especially when the price rises by more than 60% in 30 days. From historical data, this is usually a good opportunity to profit. The price has now pulled back to the same position as a month ago, which could mean that a re-entry opportunity is brewing, especially if the cryptocurrency bull market is expected to continue into 2025...
Matrixport released today's chart saying that the rebound of Ethereum and other counterfeit products seems to be fleeting, and it is difficult to form a sustained rise. Judging from the trend of Bitcoin's dominance, Bitcoin still has the voice over the market. The current market lacks obvious positive news to support the continued recovery of Ethereum. Investor sentiment has tended to be conservative, and the dominance rate of Ethereum has fallen again. Since the launch of the Ethereum ETF in th...
Matrixport released today's chart saying that the monthly inflow of bitcoin spot ETF funds has soared to $6.50 billion, a record high, far exceeding the record of any previous month. As the price of bitcoin continues to rise, it has attracted more investors to enter the market. Especially on Wall Street, the price of bitcoin continues to hit new highs, and investors in bitcoin ETFs are now fully profitable. With the $100,000 mark at hand, the market heat is still rising. Previously approved to u...
Archie Hart, strategist at asset manager Ninety One, said the Fed would likely continue to make policy decisions based on available data as the new Trump administration takes shape. Volatility is possible. Markets will react to Trump's remarks. Trump's policies are not expected to have a meaningful impact on the economy until at least 2026. This means that, despite the initial market reaction, the near-term interest rate outlook should not change much.
Matrixport released a chart saying that as the US Presidential Election approaches, market traders' anxiety has risen, but Bitcoin remains in the neutral zone. Currently, Bitcoin's 21-day Relative Strength Index (RSI) has fallen to 56%, well below the overbought threshold of 70%, indicating that Bitcoin is neither overbought nor oversold. Since a neutral RSI typically indicates that traders are less exposed to market movements, a neutral RSI implies a risk overshoot for Bitcoin.
Matrixport released a chart saying that this year, bitcoin options trading volume has increased significantly, indicating that more mature traders are entering the market. With the recent approval of options trading in bitcoin spot ETFs by the SEC, it is expected that trading volume will climb further, especially towards BlackRock's bitcoin spot ETF (IBIT), which is expected to attract more institutional investors and further deepen their focus on the crypto market.
