⚡️ #Bitcoin has reached $71,000

In yesterday's trading session, spot #BTC-#ETFs attracted $479 million, with #BlackRock accounting for $315 million of that.

📈 Bitcoin is now only a few percentage points away from reaching a new #ATH. For comparison, other top-100 coins are still far from their all-time highs:

- XRP: 550%
- DOGE: 345%
- ETH: 86%
- TON: 63%
- SOL: 43%
- TRX: 41%

🧭 The Fear and Greed Index remains in the 72 zone — the greed zone.

#CryptoNews

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#Analysis #BTC

🪙 #Bitcoin broke the psychological level of $70,000, reaching a price of $71,587

📌 Consolidation with a breach at the $70,885 level

Trade:

📈 Opening LONG positions in the retest zone at $70,885

Take Profit - $71,600
Stop Loss (SL) - $70,820

not financial advice

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🍾 It’s time to pop the champagne — our public server is moving tomorrow!

On the morning of 10/30/2024 at 5:00 AM GMT, a major event that everyone has been eagerly waiting for will finally happen — the long-awaited development phase will be complete, and the final version of the exchange system will move to our own servers 🥳

📌 During this transition, the exchange will be temporarily unavailable: estimated downtime ranges from a few hours to a full day. Please be aware that this is a global update, and additional technical tasks may arise during the process, potentially extending the timeline.

⚙️ Our team will do everything possible to ensure this crucial event for the exchange proceeds smoothly and without delays; however, we ask for your understanding regarding any potential variations in the completion time.

We will keep you updated on every stage of the transition. Meanwhile, feel free to start celebrating, as one of the most anticipated and significant events in the life of KickEX is just around the corner 🔥

Best regards,
The KickEX Team

🕯 Funds are investing in #Bitcoin, while #Tether prints money

While #BTC was climbing towards its price peaks in an attempt to break through the #ATH, and all BTC holders were in profit, according to #IntoTheBlock, two more events added fuel to the market:

🔼 Spot #ETFs on digital gold brought in $870 million in yesterday's session, marking the third-largest inflow since the instrument's launch.

🪙 The issuer of #USDT released another 1 billion coins on the #TRON blockchain.

Meanwhile, Bitcoin dominance has reached 60%, and experts anticipate an upcoming market shift toward altcoins. However, this is likely only after a new potential BTC growth trigger, driven by a key interest rate cut in the U.S., expected as soon as November 7, with a 98% market expectation.

#CryptoNews

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🧭 The Fear and Greed Index has reached a value of 77 — extreme greed

This may indicate an overheated market and an increased likelihood of a correction. Additionally, according to the #DCA investment strategy, selling some assets during periods of market greed can help reduce the risk of losses, which may put some pressure on #BTC.

🪙 Meanwhile, analysts attribute yesterday’s growth not only to record inflows into #ETFs over the past six months but also to a short squeeze. Liquidations of shorts on #Bitcoin alone amounted to $115 million.

Which direction are we headed?

😢 — Correction
😎 — Break #ATH

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#CryptoNews

#Opinion

🪙 Analysts from #10XResearch predict $100,000 for #Bitcoin by January 2025

The company’s experts are confident that current market trends and upcoming events, such as the U.S. elections and a potential key rate cut, could lead #BTC to a sharp rise to the psychological mark of $100,000.

🕯 According to 10XResearch, based on the last 15 signals, the accuracy of their forecasting models is 86.7%. Meanwhile, Bitcoin is under pressure from whales who are taking profits near the #ATH, anticipating possible price fluctuations.

Waiting for January? 🚀

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⚙️ Keeping you updated on the migration status:

After a sleepless night, 50% of the process is complete, and the databases have successfully migrated to our own servers.

📌 Currently, we’re beginning the transfer of services with subsequent activation. We will continue to release timely updates as we complete each critical stage. Stay tuned for more news!

Sincerely, the KickEX team

📆 Today marks the 16th anniversary of the #Bitcoin White Paper. On this day, Satoshi Nakamoto introduced the legendary document that laid out the concept of decentralized digital currency, sparking a revolution in electronic payments and becoming the foundation for blockchain and cryptocurrency as a whole.

He also managed to unsettle traditional financial institutions—first with new technology, and now with #FOMO. It’s likely that Satoshi had long-term plans for #Bitcoin, and it seems no coincidence he chose October 31 for the publication 😄

#QuoteOfTheDay

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On #Halloween, let’s recall the price of #Bitcoin #BackInTheDay over the past 14 years 🎃

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ℹ️ We continue to keep you updated on the status of the move:

Currently, service testing and debugging are underway in the new environment. We expect that the exchange will resume operations later today.

⚙️ Very soon, you will be able to experience the major update that everyone has been eagerly awaiting. The exchange will become faster, more stable, and ready for scaling and growth.

📌 We will announce the completion of testing in a separate update, so stay tuned!

Best regards,
The KickEX Team

📆 Friday's #CryptoDigest of news:

🪙 #Bitcoin has dropped below the support level of $70,000, presumably due to a sell-off in #Nasdaq and #S&P500 stocks triggered by statements from tech giants about increased AI investments. Total outflows from the stock market amounted to $953 billion.

⏰ Today, options contracts for #BTC and #ETH worth a total of $2.3 billion are set to expire, which may impact the short-term price movements of these assets.

🪙 #CanaryCapital has officially filed an application with the #SEC for a Solana-based ETF.

🕯 Inflows into spot Bitcoin #ETFs remain close to zero.

📌 The market is bracing for volatility due to today’s release of non-farm payroll data.

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🔷 For example, in the #Ethereum network, #Gas is measured in gwei and depends on the current network load.

#Glossary

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💬 #Quote that is appearing more frequently on Twitter.

Do you agree?

💯 — Yes
🗿 — No

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#Glossary

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🔗 This process helps the network maintain security and decentralization.

#Glossary

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📆 #EventOfTheDay: U.S. Elections

Tomorrow, November 5, one of the most significant events for the entire crypto market will take place: the U.S. presidential election. The publication of results is expected on November 6, and many experts agree that regardless of which candidate wins, #Bitcoin is likely to continue its growth.

📌 For instance, analysts at #SpotOnChain point out that historically, a bull market has often followed the election. In their view, regardless of whether Donald Trump or Kamala Harris wins, #BTC will set a new #ATH (all-time high) and reach $100,000 by the end of the year.

Meanwhile, betting platforms show improved odds for the Democratic candidate, with Harris’s chances rising to 44%, which may have contributed to recent market corrections.

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🌍 Weekly #CryptoDigest of News:

🪙 BTC Dominance (Bitcoin dominance over altcoins) — 60.45%

🧭 Fear and Greed Index — 70

🇺🇸 05.11 — U.S. Elections.

🇺🇸 07.11 — U.S. Federal Reserve interest rate decision. A 25 bps cut is expected.

🇺🇸 07.11 — Initial jobless claims report.

🇨🇳 08.11 — China’s economic stimulus. Expected amount: $1.4 trillion.

🇺🇸 13.11 — CPI data release.

🇭🇰 16.11 — Launch of crypto index on exchanges in Hong Kong.

📌 The market is anticipating high volatility — investors are choosing to close their positions until the U.S. election process concludes.

🔽 Trump’s chances of winning are declining in many states.

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📌 The list was prepared by the analytical platform Kaito based on data from the social network X over the past 30 days.

#FactOfTheDay

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