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$RENDER Breakout Loading !!!!
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All RED situation. Any thoughts? We look for LONGS or SHORTS?
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đ Things to know about CPI and Crypto Market đĄ Today we will talk about the CPI. CPI is a major indicator that measures the change in commodity prices in a country. This directly affects the crypto market. đ When the CPI value increases (inflation increases), crypto prices can go down. Also, when the CPI value goes down, crypto prices can go up. đ CPI data is released on the 13th of every month. Since the market is volatile these days, a trader has to pay special attention. âĄď¸ Pro Tip: Don't forget to put stop-loss orders in your trades. Use reputable platforms like Trading View for accurate market data.
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đ The market was never as greedy as now đą Hundreds of newbies join the game pursuing for easy money â and sharks like us shave them like hamsters đĽ The âextreme greedâ means that market is overheated, but who knows how long it shall persist? Everyone is joining, and you are still out of market? đ¤¨
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BTC Dominance is the percentage of Bitcoin compared to the total value (market capitalization) of the entire cryptocurrency market**.** For example: ⢠If the total cryptocurrency market is valued at $1 trillion, ⢠If the Bitcoin market cap is $500 billion, ⢠BTC Dominance = (500 billion á 1 trillion) à 100 = 50%. Increasing BTC Dominance: ⢠High demand for Bitcoin. ⢠It can be considered that investors trust Bitcoin more than other altcoins (Ethereum, Ripple, etc.). Declining BTC Dominance: ⢠Investing more in Altcoins or choosing Altcoins instead of Bitcoin. ⢠An opportunity for Altcoins to successfully earn more value. Simply put, BTC Dominance is a measure of how much Bitcoin has in the crypto market.
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