Bitcoin (BTC) marked its third consecutive green day\u2014the first time in 50 days\u2014but faced rejection at a key resistance level of $58,000. With the possibility of a Fed rate cut just a week away, BTC needs to break through the critical psychological barrier of $60,000 to sustain its rally toward a new all-time high. In the latest surge, over $93 million worth of short positions were liquidated.<\/p>\n\n\n\n
Among the top 500 tokens, Rocket Pool’s RPL stood out, posting a 22% gain, even as the Liquid Restaking Token (LRT) narrative appears to be losing momentum following the EigenLayer token launch. On the flip side, Helium\u2019s HNT, a leading token in the Decentralized Physical Infrastructure (DePIN) space, saw a 7% drop, becoming one of the biggest losers as its recent growth rally paused.<\/p>\n\n\n\n
Global markets eagerly await the US Consumer Price Index (CPI) report tomorrow, which could significantly influence the Fed’s rate-cut strategy in the upcoming meeting and beyond.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) marked its third consecutive green day\u2014the first time in 50 days\u2014but faced rejection at a key resistance level of $58,000. With the possibility of a Fed rate cut just a week away, BTC needs to break through the critical psychological barrier of $60,000 to sustain its rally toward a new all-time high. In […]<\/p>\n","protected":false},"author":93,"featured_media":41494,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-41961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=41961"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41961\/revisions"}],"predecessor-version":[{"id":41965,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41961\/revisions\/41965"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/41494"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=41961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=41961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=41961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}