Tide Capital: Is the Market Bottoming Out After July's Plunge?
July 15, 2024--Abstract
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Altcoins have undergone significant corrections, helping deflate market bubbles and fostering healthier conditions for the crypto market. Market concentration is increasing, suggesting holding BTC and ETH may continue to outperform.
Market Sell-off Subsiding, Bottom Formation Underway German Government Sell-off Pressure Absorbed The Saxony police confiscated nearly 50,000 Bitcoins in January and gradually began selling them from mid-June, totaling over $3 billion, triggering market declines. Currently, all these Bitcoins have been transferred to exchanges, mitigating future sell-off impacts. |
Shenzhen and Dubai Forge Stronger Financial Ties with New Cross-Border ETF Agreement September 3, 2024--The Shenzhen Stock Exchange and Dubai Financial Market recently signed a memorandum of understanding (MOU) to enhance cross-border investing between China and the United Arab Emirates (UAE), with a focus on exchange-traded funds (ETFs), per reporting by the Financial Times. This partnership marks a significant step in the growing financial relationship between China and the Middle East. |