The memecoin sector led gains last week with a 16% average return, second only to Layer 2 tokens. Bitcoin's 10% rise helped boost altcoin sentiment. SPX6900, a memecoin parody of the S&P500, soared 60% over the week, with Open Interest jumping nearly 30% in a day, signaling strong market demand. Technical indicators like MACD and CMF show bullish momentum, though a daily close above $0.678 is needed to confirm a trend shift. If momentum continues, SPX6900 could break its bearish structure and sustain further gains.
SPX6900 has risen over 66% in the past week, driven primarily by retail investors while whales remain cautious. The memecoin broke out of an eight-month sideways trading range, signaling a bullish market structure with targets around $0.70 to $0.75. ...
Bitget CEO Gracy Chen expressed skepticism about Bitcoin's recent rise above $79,000, expecting a pullback to around $50,000 before increasing her holdings. She maintains a cautious investment approach focused on Bitcoin and S&P 500, with minimal exp...
Bitcoin traders are closely watching Federal Reserve Chair Kevin Warsh's first keynote at the Jackson Hole Symposium, recalling how Jerome Powell's 2022 speech caused a 6% drop in Bitcoin due to unexpected hawkish signals. Historical data shows 2022 ...
