ErmoFi

ErmoFi brings you fact-checked and comprehensive news in the #crypto, #NFT, #Metaverse, #Web3 & #fintech, all in real-time|

[ErmoFi @ErmofiNews]

@TsbukH @AfricanHub_ Get off your high horse. Chinese people smell horribly.

[ErmoFi @ErmofiNews]

$BTC smashes $90k level, next stop $100K?

[ErmoFi @ErmofiNews]

BREAKING: 🇺🇸 CPI

CPI: 2.6%
Core CPI: 3.3%

[ErmoFi @ErmofiNews]

Investors deposit $818M net into spot Bitcoin $ETFs, a drop from Monday's $1.11B net as #Bitcoin rejects $90k level.
Spot #Ethereum #ETFs receive $135M net, down from $295.5. $ETH price is down 5.6% amid volatility but steadily holds $3,100 in support.

[ErmoFi @ErmofiNews]

$BTC derivatives data from Coinglass shows a spike in short positions liquidations, reaching $222M in 24, while #Bitcoin's rejection of the $90k level Liquidates $97M in long positions.
$86k (4-hour EMA8) support is the level to watch on Tuesday.

[ErmoFi @ErmofiNews]

Bitcoin $ETFs saw $358M in inflows on Monday as #Bitcoin closes in on $90,000.
Retail investor hype could continue moving the market after the US election momentum.
#Ethereum $ETFs saw $194M inflows, bringing the cumulative net inflow to -$142.

[ErmoFi @ErmofiNews]

#Bitcoin reaches $82,000!

[ErmoFi @ErmofiNews]

Derivatives data shows OI rising by 0.92% and options OI by 3.64% as the volume spiked by $108 billion.

[ErmoFi @ErmofiNews]

Bitcoin hit new ATHs over the weekend at ~ $81,826. As price discovery continues, support at $80,000 will be critical for $BTC.
Caution: RSI shows Bitcoin becoming heavily oversold amid increasing short positions liq at $84M against $38M in long positions.

[ErmoFi @ErmofiNews]

QCP Capital believes #Bitcoin could "outperform other risk-on assets."

[ErmoFi @ErmofiNews]

6. #Avalanche Foundation buyback of 1.97M $AVAX tokens from defunct Luna Foundation Guard (LFT) finalized.

[ErmoFi @ErmofiNews]

Top stories popping in crypto today🧵
1. #BITCOIN_ATH milestone - Hits $76,400 on Binance
85% of #Polymarket betters lean towards Donald Trump Pardoning Jan 6 protestors than Ross Ulbricht.
2. SEC files a motion to strike out vital Kraken defenses in a US lawsuit.

[ErmoFi @ErmofiNews]

4. $Solana meme coins explode, reaching $12.8B market cap on Donald Trump’s return.
5. Kraken announces $Swell token listing, live trading as of 2:00 PM UTC today, November 7, 2024.

[ErmoFi @ErmofiNews]

If this support holds, #BitcoinSurge will continue to $80,000. The 20, 50, and 200-day EMAs hold steady, implying that uptrend momentum remains intact. Closing above $76,000 ATH would signal the next leg up.

[ErmoFi @ErmofiNews]

$BTC price nears oversold conditions as market gears up for volatility after Thursday's $FOMC meeting. RSI at 67 and retreating after hitting 70. The previous ATH high at $73,000 is solid support.

[ErmoFi @ErmofiNews]

Will Bitcoin rise to $80,000 after Thursday FOMC?

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Thursday's #FOMC meeting divides investors as 97% of Polymarket bets favor a 25bps decrease. CMC's FedWatch tool reflects the same sentiment, with 97.5% leaning toward a 25bps interest rate cut.

[ErmoFi @ErmofiNews]

If it holds, #Bitcoin price could bounce towards $80,000. The 20, 50, and 200-day EMAs hold steady, implying that uptrend momentum remains intact. Closing above $76,000 ATH would signal the next leg up.