Is a strict “principal” for Bitcoin arriving? If he takes the helm of the Federal Reserve, the crypto frenzy may come to an end. | Bee Network
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Original translation: Blockchain in Plain Language Bitcoin has begun to show clear signs of weakness, with its recent drop below six figures ($100,000) prompting a reassessment of its near-term outlook. With some key technical and on-chain levels breached, I’ve revised my base case scenario to a below-50% chance of a retest of new all-time highs in the coming weeks. This could change rapidly if key levels are restored, but until then, the market appears to have shifted from a trending uptrend into a correction phase. “Buying the Dip” Bitcoin has seen a significant pullback, but buying on dips isn’t always the best approach unless it’s within a confirmed bullish trend. In a bearish environment, even nascent pullbacks can cause prices to fall sharply. Short-term and impending retracements are typical in…# Analysis# bitcoin# crypto# defi# Market# Tool# web3Pre
With TGE imminent, what is a reasonable valuation for Lighter?Next
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- Author | Ethan ( @ethanzhang_web3 ) As the year draws to a close, the question of who will ultimately take over the reins of the Federal Reserve—the