Bitcoin Drops After Flash Crash. Why Prices Could Keep Dropping.

Bitcoin BTCUSD

-1.59%
and other cryptocurrencies tumbled Tuesday as a correction across digital assets following Bitcoin’s all-time high last week.
Prices could fall further and be vulnerable to flash crash dynamics amid choppy liquidity in crypto markets—even as analysts and traders remain upbeat about the outlook.

The price of Bitcoin has fallen 6% over the past 24 hours to $62,600, with the largest digital asset trading as low as around $62,350 in a recent trough. Bitcoin has corrected lower since hitting a record high close to $74,000 last week, a record level that came just a week after the token blew through its November 2021 peak near $69,000.

“Bitcoin is down [at] its lowest level in two weeks,” said Alex Kuptsikevich, an analyst at broker FxPro. “A close below $65,500 would signal a move to a deeper level—the classic 61.8% retracement of the rally with a potential target near $60,000.”

Current price action looks like a short-term—but not insubstantial—correction across crypto, with profit-taking among long-term holders possibly being a driving factor behind the move lower. A factor injecting volatility into Bitcoin may be variable liquidity across trading venues, with at least one recent instance of a flash crash. A flash crash is a phenomenon where an asset at least briefly trades far below its typical market price, often as a result of automated trading strategies and mismatches in liquidity or a very unequal ratio of buyers to sellers.
#HotTrends #BTC #MarketAnalysis" #fahadcreator
$BTC

Why is Bitcoin going down?

Some analysts describe BTC's pullback from record highs as a typical bull breather seen after sharp uptrends. "The recent strong [U.S.] CPI data has further cooled the expectation of a Fed rate cut, and gold prices have also tumbled

The decline is linked to multiple factors. One is the fact that traders are beginning to take profits off the table, while the other is uncertainty about when interest rates will be cut in the US. Bitcoin has suffered a sharp pullback from record highs.

#HotTrends #BTC #Downtime #fahadcreator $BTC

💷💷$BTC Is Bitcoin Halving good or bad?
The Bitcoin halving is considered a good economic model as it creates disinflationary pressure on the digital currency, helping it to increase in value over time (provided demand for Bitcoin continues to grow).🙈🙈
It is 🤑🤑difficult to predict the exact date as it depends on the block height. Since halving happens every 210,000 blocks, 💘💘the next Bitcoin halving is expected to occur in April 2024 when the block height reaches 840,000.💸💸💸 Binance marks the 2024 Bitcoin Halving with a crypto adventure featuring $500,000 in rewards.❤️❤️❤️
#BTC🔥🔥🔥🔥 #Halving! #fahadcreator 💸💸

Thanks for your support💪❤
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DOGE Officially Added to Tesla's Payment

DOGE soars 21% as Elon Musk's e-car behemoth has officially included Dogecoin as one of its payment methods.

In a recent development, prominent e-car producer Tesla run by Elon Musk has added Dogecoin as an official payment option to its website. The payments page has been updated, and now it includes Dogecoin, crypto community’s favorite meme coin.

Tesla officially embraces Dogecoin

However, Tesla still accepts DOGE only for merchandise in the online Tesla Shop. The addition says that “Dogecoin may also be accepted on select products.”

For the first time, Elon Musk’s company began to accept Dogecoin as an experiment in January 2022. Back then, the tech mogul stated, it was an experiment to see how it will go. Various company merchandise began to sell for DOGE — for example, Tesla Cyberwhistle and the “Giga Texas” belt buckle.
#Dogecoin‬⁩ #ElonsMusk #CryptoNews🚀🔥 #CryptoWatchMay2024 #fahadcreator $DOGE

$BNB $XRP $BTC

Top 10 Cryptocurrencies Of April 2024.
1. Bitcoin (BTC)
Market cap: $1.4 trillion
Year-over-year return: 150%
2. Ethereum (ETH)
Market cap: $434.8 billion
Year-over-year return: 95%
3. Tether (USDT)
Market cap: $107.1 billion
Year-over-year return: 0%
4. Binance Coin (BNB)
Market cap: $87.3 billion
Year-over-year return: 87%
5. Solana (SOL)
Market cap: $78.1 billion
Year-over-year return: 767%
6. XRP (XRP)
Market cap: $34.7 billion
Year-over-year return: 25%
7. U.S. Dollar Coin (USDC)
Market cap: $32.6 billion
Year-over-year return: 0%
8. Dogecoin (DOGE)
Market cap: $27.9 billion
Year-over-year return: 134%
9. Toncoin (TON)
Market cap: $23.1 billion
Year-over-year return: 204%
10. Cardano (ADA)
Market cap: $22.0 billion
Year-over-year return: 59%
#toptranding #top10coin #market_analysis #fahadcreator and

Is .001 possible for Shiba Inu?

If SHIB reaches a price of $0.001, it would mean a growth of about 10,000% from current levels. Even a small investment would reap high returns if the project hits the target. However, reaching $0.001 is no easy task. According to Changelly, Shiba Inu (SHIB) might reach a maximum price of $0.0000169983 in 2024.

Price of SHIB todayThe live price of Shiba Inu is $ 0.000028 per (SHIB / USD) with a current market cap of $ 16.74B USD. 24-hour trading volume is $ 2.23B USD. SHIB to USD price is updated in real-time. Shiba Inu is +8.02% in the last 24 hours with a circulating supply of 589,289.41B.
#HotTrends  #SHIBA🔥  #Analsis  #fahadcreator  $SHIB

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What is AEVO coin?

Aevo is a decentralized exchange that offers derivatives products such as crypto options and futures contracts. The Aevo DEX operates on a custom layer 2 blockchain that's built using Optimism's OP Stack technology. This allows it to offer much lower transaction fees than DEXes which operate on the Ethereum mainnet.
$AEVO #HotTrends #Aevo #fahadcreator



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Is it okay to hold BNB?

Is BNB Good for Long-Term Investment? It's crucial to conduct your own research and come to an informed decision, just as with any investment. Nonetheless, Binance Coin has developed steadily over time and is well-known for being a trustworthy cryptocurrency, therefore it can be seen as a long-term investment.

Price of BNB todayThe live price of BNB is $ 582.33 per (BNB / USD) with a current market cap of $ 87.08B USD. 24-hour trading volume is $ 1.84B USD. BNB to USD price is updated in real-time. BNB is +5.47% in the last 24 hours with a circulating supply of 149.54M.

#BNBChain #InvestingDreams #Analsis #fahadcreator #BTC

Ethereum Gas Fees Hit Six-Month Low, Indicating Potential Altcoin Surge: Santiment

Gas fees on the Ethereum network have experienced a significant drop to their lowest levels in six months, even as the price of Ether saw a slight rally over the weekend.

Analysts from crypto analytics platform Santiment suggest that this decline in gas fees could be a signal for an upcoming altcoin rally.

According to Santiment’s post on X, the average fee for an Ethereum transaction fell as low as $1.12.

The platform explained that transaction fees often follow cycles of investor sentiment, swinging between extreme optimism and pessimism.

Gas Fees Drop During Market Bottoms

Gas fees tend to peak during market tops and then decline to lower levels during market bottoms.

Earlier this year, gas fees on Ethereum reached an eight-month high in February due to a surge in interest for the experimental ERC-404 token standard. 
#EthereumPower #EthGasFees #MarketSentimentToday #fahadcreator

Does Pepe coin have a future?

With a predicted market cap of 1 Billion dollars, PEPE could be among the top 20 cryptocurrencies by 2025. Positive movements in Bitcoin could also impact PEPE's price positively. Investors are likely to view PEPE as a better investment than Dogecoin due to its strong growth potential and increasing popularity.

Price of PEPE todayThe live price of Pepe is $ 0.000005 per (PEPE / USD) with a current market cap of $ 2.23B USD. 24-hour trading volume is $ 1.64B USD. PEPE to USD price is updated in real-time. Pepe is -9.65% in the last 24 hours with a circulating supply of 420,689.90B.

#PEPEPotential🚀🐸 #market_analysis #fahadcreator $PEPE

📌𝙲𝙻𝙰𝙸𝙼 𝙵𝚁𝙴𝙴 REWARD 𝚄𝙿𝚃𝙾 10$ 𝚄𝚂𝙳𝚃/𝙿𝙴𝙿𝙴 𝙲𝙾𝙸𝙽 𝙵𝚁𝙾𝙼 𝙼𝚈 𝚃𝚆𝙾 𝙿𝙸𝙽𝙽𝙴𝙳 𝙿𝙾𝚂𝚃𝚂💰💰🎁...

Will Shiba Inu coin reach 50 cents?
The forecast states that after realizing the dream of 1 Cent, Shiba Inu could reach 50 Cents in 2050. This is about thirty years from today, and about 27 years later. However, there is no guarantee that the shib will be able to reach 50 Cents in the next three decades in 2050.
#SHIB  #market_analysis  #fahadcreator

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Here is box for you click and claim ❤
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Which coin is trending now?

The top 5 trending cryptos in the market right now include Bitcoin (BTC), Celer Network (CELR), Chainlink (LINK), Pepe (PEPE), and Solana (SOL).

#HotTrends #BTC #PEPEupdate #sol #fahadcreator $BTC $SOL $PEPE

DON'T WORRY BTC GOING UP 🚀
SOON 75.000$ 🔥

The live price of Bitcoin is $ 70,147.29 per (BTC / USD) with a current market cap of $ 1,355.11B USD. 24-hour trading volume is $ 53.98B USD. BTC to USD price is updated in real-time. Bitcoin is -5.47% in the last 24 hours with a circulating supply of 19.65M

#HotTrends #BTC #CreatorAward #fahadcreator $BTC

BOOK OF MEME (BOME) seen massive 300% uptick as it looks to make mark in meme coin ecosystem

There is a new meme coin sensation in the ecosystem dubbed BOOK OF MEME (BOME). Over the past 24 hours, the meme coin has recorded a jump of 300%, placing its price at $0.01751. BOME has showcased intense grit over the past week as it moved from a low of $0.000858 about two days ago to a high of $0.01826 in early trading hours.

#HotTrends #BOME #PEPEupdate #fahadcreator $BOME

welcome everyone 👋🏼

I hope that yesterday no one from our community was liquidated during the small BTC correction and you all used stops and observed rm

I suggest starting the day with a brief overview of btc. I will only look at positions from this block. Now the first liquidity has been removed, perhaps we will roll back a little and fly lower.

Shall I share my BTC setup with you?
#HotTrends #BTC #CreatorOfTheYear #fahadcreator $BTC

Should I invest in BNB?

Investing in BNB can be a smart move, but there are other exchange tokens that have performed better than BNB in this bear market and are still undervalued. These tokens have the potential to be huge in the bull market, given their price movements during this bear market.

Price of BNB today
The live price of BNB is $ 612.57 per (BNB / USD) with a current market cap of $ 91.60B USD. 24-hour trading volume is $ 2.63B USD. BNB to USD price is updated in real-time. BNB is +5.06% in the last 24 hours with a circulating supply of 149.54M.
#BNBChainSunset  #marketanalysis.  #fahadcreator
$BNB

Bitcoin price today: stalls at $63k amid outflows; HK ETFs bring little cheer

Bitcoin price moved little on Tuesday, sticking to the lower end of a trading range established in the past month as investors continued to pull out of U.S.-listed crypto investment products.

The launch of spot exchange-traded funds (ETF) in Hong Kong also sparked little immediate joy, as markets waited to see just how much Asian demand was in store for crypto. Hong Kong capital markets are also substantially smaller than the U.S.

Bitcoin rose 1.6% over the past 24 hours to $63,423.3 by 01:26 ET (05:26 GMT). 
#BTC #Bitcoin❗️ #Marketupdates #fahadcreator $BTC