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3 cryptocurrencies to avoid trading this week amid $190 million in unlocks 🚨 Brace for impact! This week, the cryptocurrency market faces heightened volatility with nearly $190 million in tokens unlocking from various projects. These unlocks release previously restricted tokens, potentially flooding the market and creating selling pressure. 📊 Among the key players: - **Optimism (OP)**: Unlocking $54.53 million in tokens on July 31, contributing to a 2.8% supply increase. - **Sui Network (SUI)**: Releasing $50.06 million worth of tokens on August 1, marking a 2.6% monthly inflation. - **ZetaChain (ZETA)**: Facing a significant release of 53.89 million tokens, representing 18.9% of its current market cap on August 1. 📉 These events could intensify market volatility, especially ahead of the Federal Reserve's interest rate decision. Stay informed and cautious! #Crypto2024 #MarketUpdate #tokenunlocks #opbnb #SUI
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How high can BTC price go after Trump's bullish Bitcoin speech? 🚀📈 Trump's recent speech at Bitcoin 2024 has sent shockwaves through the crypto world! He plans to integrate Bitcoin into the US strategic reserves, aiming to make the US the "crypto capital." Analysts predict Bitcoin could soar to over $800,000 if his promises materialize, with bullish sentiments pushing BTC's current price to $68,002. This move could redefine Bitcoin's role in global finance. What are your thoughts on this bold initiative? #Bitcoin❗ #trump #CryptoNews🚀🔥 #bitcoin #Bitcoin2024
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📈 BTC Update 💸 As of now, Bitcoin (#BTC☀ ) is trading above $67,500. Here are the key levels to watch: - **Support Levels:** Currently strong between $67,350 to $66,600. These levels are crucial as they provide significant support for BTC. - **Resistance Levels:** Positioned between $69,400 to $70,200. If BTC breaks through this resistance on the daily chart, we could potentially see it rise to $71,000 to $74,000 in the short term. Despite recent volatility, Bitcoin has held above the $67,000 mark, which is promising. Remember, it's essential to monitor tomorrow's closing price for further insights. Trade cautiously, using conservative fund management and leverage. Stay informed and trade safe! 👍 Thank you! 😇 #MarketSentimentToday
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