BTC $81,005.25 +0.63%
ETH $2,349.73 +0.85%
BNB $747.29 +0.05%
XRP $1.30 -1.26%
SOL $101.58 +0.55%
TRX $0.3309 +0.38%
DOGE $0.0799 +1.39%
ADA $0.2042 +1.57%
BCH $289.93 +1.99%
LINK $11.80 +2.79%
HYPE $94.71 +18.27%
AAVE $134.86 +2.75%
SUI $0.9419 +2.28%
XLM $0.1714 +1.09%
ZEC $1,348.60 +6.15%
AAPL $350.11 +1.25%
AMZN $246.37 -2.57%
GOOGL $283.74 -12.64%
MSFT $525.79 -0.37%
META $630.09 +2.73%
NVDA $213.71 -1.57%
TSLA $404.91 +0.73%
SNDK $1,350.20 -2.08%
INTC $92.00 -1.77%
SPCX $144.47 +0.60%
MU $939.15 -2.94%
AMD $566.91 -0.27%
BTC $81,005.25 +0.63%
ETH $2,349.73 +0.85%
BNB $747.29 +0.05%
XRP $1.30 -1.26%
SOL $101.58 +0.55%
TRX $0.3309 +0.38%
DOGE $0.0799 +1.39%
ADA $0.2042 +1.57%
BCH $289.93 +1.99%
LINK $11.80 +2.79%
HYPE $94.71 +18.27%
AAVE $134.86 +2.75%
SUI $0.9419 +2.28%
XLM $0.1714 +1.09%
ZEC $1,348.60 +6.15%
AAPL $350.11 +1.25%
AMZN $246.37 -2.57%
GOOGL $283.74 -12.64%
MSFT $525.79 -0.37%
META $630.09 +2.73%
NVDA $213.71 -1.57%
TSLA $404.91 +0.73%
SNDK $1,350.20 -2.08%
INTC $92.00 -1.77%
SPCX $144.47 +0.60%
MU $939.15 -2.94%
AMD $566.91 -0.27%

10x Research: Speculative traders may have shifted from Bitcoin to Chinese stocks, and Bitcoin's short-term technical indicators may be overbought

2024-10-01 09:13:20

ChainCatcher news, 10x Research stated in its latest report that the crypto market is undergoing some significant changes. While short-term concerns are evident, larger trends may soon overshadow these worries. Last night's market adjustment may have stemmed from weak economic data from China, indicating a need for additional stimulus measures.

As a result, speculative traders may have shifted from Bitcoin to Chinese stocks for higher beta exposure. There are also concerns about the weakness at the beginning of the month. Additionally, Bitcoin's short-term technical indicators appear to be overbought.

app_icon
ChainCatcher Building the Web3 world with innovations.