whole market just entered a new phase. In red market, BTC w | Learningforall-LFA on Binance Square

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whole market just entered a new phase.
In red market, BTC went down slowly 1-2% and Alts went down 5-10% in BTC fluctuation
At this point, even BTC goes down 5-7% and strong alts don't affect anything.

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Market trending upward ---- tie your horses in Long Margin Trading #floki

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All begin with it's end in mind ! #BTCSoarsTo68K #bearish trend coming

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Crypto Buying Selling trend Analysis Bitcoin Trader Sees Prices Slumping to $60K as Crypto Bulls See $650M in Liquidations..... Crypto market capitalization dropped 7%, with major tokens like bitcoin, ether, and others falling sharply in the past 24 hours. The decline was triggered by higher-than-expected inflation data and profit-taking by some traders, with some analysts predicting further losses before a potential rebound. Crypto market capitalization dropped 7%, its sharpest fall this year, as bitcoin (BTC) plunged 8% in the past 24 hours to wipe weekly gains and kickstart a marketwide decline. Bitcoin slumped from Thursday’s high of $73,000 to as low as $65,800 early Friday before slightly recovering. Meanwhile, Coindesk 20, a broad-based index of most liquid cryptocurrencies, was down 8.25%. Ether (ETH), Cardano’s ADA, BNB Chain’s BNB and XRP showed similar losses, while volatile meme coins dogecoin (DOGE) and shiba inu (SHIB) fell 13%. Solana’s SOL tokens were the only major token in green, up 1% since Thursday. “New historical highs are a trigger for selling,” shared Alex Kuptsikevich, FxPro senior market analyst, in an email to CoinDesk. “Some players are taking profits, which raises the question of whether there will be enough hot buyers at current levels or whether the majority will prefer to wait for a deeper correction.” “In a corrective scenario, the $65.0-65.5K and $60.0-60.5K areas are of particular interest, as they contain important round levels (significant for retail) and the 76.4% and 61.8% Fibonacci retracement lines,” Kuptsikevich added. #HotTrends #BTC

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As for 2024, it is difficult to predict the specific developments in the crypto space that will occur by that time. However, based on current trends and advancements, the following possibilities can be considered: 1. Continued growth and adoption: Cryptocurrencies may become more mainstream and widely accepted as payment methods. More businesses, including major corporations, may start accepting cryptocurrencies as a form of payment. 2. Regulatory clarity: Governments around the world may introduce more comprehensive regulations for cryptocurrencies. This could provide greater clarity and legal framework for the industry, leading to increased institutional adoption. 3. Enhanced scalability and usability: With ongoing advancements in blockchain technology, scalability issues may be addressed, allowing for faster and cheaper transactions. This could drive greater usability, making cryptocurrencies more practical for everyday use. 4. Central bank digital currencies (CBDCs): Several countries are exploring the idea of issuing their own digital currencies. By 2024, some CBDC projects may have reached maturity and could have tangible impacts on the crypto landscape. 5. DeFi and decentralized applications (dApps): The decentralized finance (DeFi) sector has witnessed significant growth in recent years. By 2024, it is possible that DeFi platforms and dApps may become even more prevalent, disrupting traditional financial systems. 6. Increased privacy and anonymity: As concerns over privacy grow, advancements in privacy-focused cryptocurrencies and blockchain technologies may emerge. This could provide individuals with greater control over their personal information when engaging in crypto transactions. It is important to note that the crypto market is highly volatile and subject to rapid changes. Therefore, these predictions should be taken as speculative and may vary based on various factors such as market dynamics, technological innovations, and regulatory developments. #Write2Earn

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