Today’s crypto market (September 27, 2024) shows a continued bullish trend, especially for major coins like Bitcoin, which has surged above $65,000, hitting its highest level in two months. This rally is primarily driven by positive macroeconomic developments, including interest rate cuts in the U.S. and China, as well as renewed institutional interest. Bitcoin is currently facing resistance at $65,700 and has key support at $63,900. A potential breakout above $70,000 could attract even more investors .
Altcoins are also showing significant gains. Shiba Inu (SHIB) surged by 23% in the past 24 hours, largely due to increased interest from large investors, while Dogecoin also saw a near 9% rise .
However, it’s essential to stay cautious. The market remains highly volatile, and a correction could occur, especially if Bitcoin fails to break through its resistance or macroeconomic conditions change .
Advice:
If you’re considering investing in crypto right now, Bitcoin and SHIB could present good opportunities for short-term gains. However, given the volatility, it’s wise to adopt a strategy of gradual buying (dollar-cost averaging) to mitigate risk.
Giveaway:
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