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Grass 101: What is Grass?
Grass 101: What is Grass?

Grass Blog·2024/10/15 11:12
Bitcoin strength driven by correlation to rising Trump election odds, with MicroStrategy a leading indicator: Bernstein
Bitcoin strength driven by correlation to rising Trump election odds, with MicroStrategy a leading indicator: Bernstein

Recent bullish price action is being driven by bitcoin’s correlation to Donald Trump’s election odds, with MicroStrategy’s stock a leading indicator, according to analysts at Bernstein.There are also signs of a switch from AI diversifiers to pure-play bitcoin miners amid a potential breakout for bitcoin, the analysts said.

The Block·2024/10/15 10:12
Flash
  • 09:31
    ANALYSIS: BTC this drop is basically synchronized with DJT's drop, it should all be due to the emergence of Trump's election bearishness
    Bitget news, crypto analyst Crypto Big Game Hunter analyzed that this drop in BTC is basically in sync with the drop in DJT, and it should all be caused by the emergence of the Trump election negative, and the Trump trade's multiple parties stopping their profits and shipping. In fact, no matter what the outcome of the election, DJT will fall. If Trump is elected, SELL THE NEWS, DJT will fall; if Trump loses the election, expectations fall short, DJT will still fall. Obviously many investors realize this, and DJT itself has risen near important pressure levels, so DJT fell early. The next probability is that DJT will pull back to near the start of this Trump trade. However, $BTC has more influencing factors, and the subsequent movements of the two may not be the same: the U.S. October nonfarm payrolls data and the unemployment rate, which will be released at 8:30 p.m. tonight; the U.S. election day on Nov. 5; and the FOMC interest rate resolution, which will be released on Nov. 7. All of these recent important events will have a significant impact on Bitcoin's movement, and it is expected that it will be after November 7 that the subsequent movement of the crypto market will be clearer. So we should focus on observation and reduce operations in the near future. 
  • 08:54
    Optimism to Support Cross-Chain Intent Messaging Standard ERC-7683
    On November 1, Optimism, an Ethernet L2 solution, tweeted that it will support the cross-chain intent messaging standard ERC-7683, which is designed to unify liquidity between Ethernet L2s.
  • 08:52
    A whale bought 6,748 WETH at an average price of $2,510 in the past half hour, valued at $16.97 million
    According to Aunt Ai, an analyst on the chain, the “smart money with an 85% swing win rate” has started to build up a large position, officially opening the 14th swing. In the past half hour, he bought 6,748 WETH at an average price of $2,510, valued at $16.97 million, and has so far built up a total position of 7,482.88 ETH, valued at $18.78 million in the current wave.
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