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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

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  • 13:06
    Analysis: The price trend of SOL shows a bullish regression pattern, which may lay the foundation for a larger scale bull market
    Renowned crypto analyst Omkar Godbolev published an analysis article stating that the price chart of SOL shows a bullish retracement pattern. According to technical analysis theory, this pattern is considered a low-risk opportunity for trend breakout traders. The price of SOL soared by more than 7% this week to $193, rebounding from the previous resistance level determined by the trend line connecting the highs of March and July into a support position. This line and the one connecting the lows in April and August define a large downward channel, including long-term range fluctuations from March to October. The price of SOL broke through this channel at the beginning of November, confirming its bullish tendency. SOL quickly climbed above $260, then fell back to its breakout point last week; technical analysts call this round trip a bullish retracement pattern. A similar retracement pattern was perfectly presented on Bitcoin in the second half of 2023, laying the foundation for a large-scale bull market. (CoinDesk)
  • 12:00
    Interactive Brokers: MicroStrategy benefits from its self-fulfilling feedback loop
    Steve Sosnick, the chief strategist at Interactive Brokers, pointed out last week that Michael Saylor's strategy for MicroStrategy is to issue convertible bonds and use the proceeds to buy Bitcoin. This is essentially a definition of leveraged trading - borrowing money to buy financial assets. This method works very well when the price of an asset moves in your favor, and Bitcoin has performed quite impressively. But if it moves in the opposite direction, this method can collapse in an annoying way. Steve Sosnick emphasized that MicroStrategy benefits from a "self-fulfilling feedback loop". It bought more Bitcoins, which helped push up prices, then sold more debt and stocks to buy even more Bitcoins, further pushing up prices. But such things never go on forever and often end badly - the question is when? The short-term answer seems to be not yet.
  • 11:50
    Pump Science will distribute approximately 4.68 million dollars in bAInance airdrops to RIF and URO holders
    Pump Science announced that RIF and URO holders can receive bAInance airdrops via Streamflow in the next 30 days. The total amount of the airdrop is approximately $4.68 million, with about 37,000 airdrop addresses.
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