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Analysts Warn Bitcoin Could Drop to $60K Amid Market Sell-Off

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  Get Daily Altcoin Signals & Automated Trade Setups With Professional Trading Strategies – https://t.me/futuressignalsrobot Bitcoin's collapse has accelerated dramatically over the past several days, but the rebound might not be coming soon. 10 days ago, BTC traded at $81,000. On Friday morning, the cryptocurrency crashed below $68,000 for the first time in nearly three months. On Saturday, it tanked further to under $67,000. CryptoPotato reached out to two market experts to try to get a perspective on the current conditions and whether they anticipate an immediate bounce or more pain on the horizon. Why $68K Is So Important Martin Lee, Market Insights Lead at DWF Labs, highlighted bitcoin’s 50-week moving average near $75,000, which the asset is on track to close beneath only eight weeks after reclaiming it. Historically, moves back above that trend line have often preceded sustained rallies, while losing it has opened the door for further downside. Lee, ...

XRP on Wall Street Faces Setback as XRPN Shares Collapse 83%

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  Explore the provided link to achieve a steady profit in Binance futures trading: https://telegram.me/btctradingclub Barely a month after its long-anticipated debut, XPRN has collapsed below $9. Moreover, it has dramatically underperformed XRP itself. After months of preparation and anticipation, the merger between Evernorth and Armada Acquisition Corp. II was finally finalized in October, and their brainchild’s stock went live for trading on Nasdaq. What was supposed to be a major milestone for XRP’s expansion into traditional finance, though, has turned into a massacre, with XRPN falling from an intraday high of over $52 on its debut day to single digits. 83% Down XRPN closed at the end of the previous business week at under $9, having touched a new local low of $8.35 during the Thursday session, which was quite brutal for the crypto market and volatile for Wall Street. Its high came at almost $53, reached on its debut shortly after launching. This means that th...

Bitcoin Retests 200-Week Trend Line as $57.7K Risk Emerges

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  Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades – https://telegram.me/cryptosignalalert Download our free app and receive signals on your mobile – https://play.google.com/store/apps/details?id=com.freecryptosignals.app Bitcoin price action interacted with its 200-week simple moving average for the first time since mid-August as it fell below $68,000. Bitcoin (BTC) fell to $67,500 on Friday, slipping below its 200-week simple moving average on its first test of the level in nearly three months. Bitcoin fell to its 200-week simple moving average at $67,993, marking its first interaction with the trend line in 11 weeks. Material Indicators co-founder Keith Alan said Bitcoin could revisit $57,700 if its weekly relative strength index fell below 41.5. Asian stocks and Nasdaq-100 futures fell following Jensen Huang’s resignation as Nvidia CEO. ...

Bitcoin ETFs Lose $2.35B in Two Weeks as BlackRock Streak Hits 11 Days

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  Explore the provided link to ensure a steady profit in Binance futures trading: https://telegram.me/binancefuturesignal US spot Bitcoin ETFs recorded $185.4 million in net outflows Friday, with BlackRock’s IBIT accounting for $143.5 million and Fidelity’s FBTC shedding $41.9 million. US spot Bitcoin exchange-traded funds (ETFs) recorded $2.35 billion in net outflows over two consecutive weeks, as redemptions reached more than $1 billion each week. According to Farside Investors data, spot Bitcoin ETFs shed $1.07 billion between from Monday to Friday, following $1.28 billion in outflows the previous week, the largest weekly redemptions since late June. The funds recorded $185.4 million in net outflows on Friday, down from $284.1 million on Thursday and $299.8 million on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for $143.5 million of Friday’s withdrawals, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) shed $41.9 million. Friday marked the ...

Crypto ETF Outflows Hit Solana as XRP Funds Turn Silent

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  Visit the link below to achieve consistent profits in Binance Futures trading: https://telegram.me/binancefuturesignal . The XRP ETFs experienced something they hadn't seen since August. The spot Ripple (XRP) exchange-traded funds were often leading the broader crypto-fund inflows for weeks, including closing in October in the green, but demand has disappeared as November began. The funds tracking Solana’s SOL are in an even worse shape, closing their fifth consecutive week in the red, as total inflows dropped from over $1.6 billion to under $1.45 billion. XRP ETFs See No Demand CryptoPotato reported last week that the spot XRP ETFs managed to end October with almost $19 million in net inflows. This contrasted sharply with the millions and millions of dollars in net outflows from the spot BTC and ETH ETFs during the same month. However, there were two major catches. First, this was the second-worst month in terms of net inflows for the XRP ETFs. Second, the green...

Bitcoin at a Turning Point: 3 Signals to Track

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  Visit the link to secure consistent profits in Binance Futures trading. Get free Bitcoin trading signals and use the Cornix trading bot for the best automated trades: https://telegram.me/btctradingclub . The Fed's expanding balance sheet may improve conditions for risk assets, but there's no guarantee the new liquidity gets to crypto markets. Bitcoin dumped below $74,000 earlier today after closing five straight weeks in the red. And according to CryptosRus, the question is whether new capital can support any rebound the OG cryptocurrency makes. Bitcoin’s $76K Test Comes Down to Capital Flows In a November 9 analysis, CryptosRus pointed to approximately $1.65 billion in combined weekly outflows from spot Bitcoin and Ethereum ETFs, compared with a $212 billion expansion in the Fed’s balance sheet since its low at the end of last year. As CryptoPotato reported, BTC ETFs bled about $1.28 billion last week, with over $840 million of that coming from the last ...

Bitcoin Leads Crypto Sell-Off as Liquidation Wave Tops $1B

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  Maximize your profits in Binance Futures trading! Get free Bitcoin trading signals and access the Cornix trading bot for top-tier automated trades – https://telegram.me/cryptosignalalert . Download our free app to receive real-time signals on your mobile – https://play.google.com/store/apps/details?id=com.freecryptosignals.app . The single-largest liquidated order was worth almost $50 million and involved the ETH/USDT pair. The cryptocurrency market has started the new business week on the wrong foot again, with BTC tanking to a fresh multi-month low of $73,500. This time, the leading altcoin has been hit even harder, as it came just inches away from plunging below $2,000 for the first time since mid-August. Crypto Market in Shambles Again November has been quite painful for the entire market, which already ended October with massive declines, especially following the massive Binance hack at the end of the month. Last week brought another highly volatile sess...