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Bitcoin open interest falls 30%, setting up bullish recovery: Analyst

Bitcoin open interest has decreased by 30%, indicating a potential shift in market sentiment that could lead to a bullish recovery. Analysts suggest that this drop may signal a reduction in leveraged positions, which often precedes upward price movements. The decline in open interest is seen as a healthy correction, allowing for a more sustainable rally. Market participants are closely monitoring these changes, as they could influence future trading strategies and price dynamics.

Read the full article: Coin Telegraph

TD Cowen Trims Strategy Price Target as Bitcoin Yield Outlook Softens

TD Cowen has reduced its price target for Bitcoin, reflecting a less optimistic outlook on Bitcoin yields. The firm cited concerns over the potential for lower returns in the cryptocurrency market, which could impact investor sentiment. This adjustment comes amid broader market fluctuations and changing economic conditions. Analysts suggest that

Manhattan DA Urges Lawmakers to Strengthen Crypto Enforcement Tools

Manhattan District Attorney Alvin Bragg is advocating for enhanced legislative measures to improve the enforcement of cryptocurrency-related crimes. He emphasized the need for stronger tools to combat fraud and other illicit activities in the rapidly evolving crypto landscape. Bragg's call to action comes amid rising concerns about the

Dogecoin drops 4% as traders sell into strength

Dogecoin experienced a 4% decline as traders opted to sell during a period of price strength. This sell-off comes amid fluctuating market conditions, with many investors taking profits after recent gains. Analysts suggest that the drop reflects a broader trend of profit-taking in the cryptocurrency market. Despite the decline, Dogecoin

Senate Banking Committee Delays Markup of Key Crypto Bill as Industry Support Frays

The Senate Banking Committee has postponed the markup of a significant cryptocurrency bill amid declining support from the industry. This decision comes as various stakeholders express concerns about the proposed regulations and their potential impact on innovation and market stability. The delay highlights the growing divide within the crypto community

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TD Cowen Trims Strategy Price Target as Bitcoin Yield Outlook Softens

Manhattan DA Urges Lawmakers to Strengthen Crypto Enforcement Tools

Dogecoin drops 4% as traders sell into strength

Senate Banking Committee Delays Markup of Key Crypto Bill as Industry Support Frays