Why Did Bitcoin Price Drop to $62K Today? Did Anyone Know | Nancy Zorilla on Binance Square

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Why Did Bitcoin Price Drop to $62K Today? 
Did Anyone Know ReasonS?
$BTC 
#etf #bitcoinhalving #btc #BTCDumpingByUS #Write2Earrn 

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Hi Guys, It's Big & Big #alert About $WIF 15% Crash !!! WIF Price Crashes 15% – Will The Freefall Continue? Dogwifhat (WIF), the once-booming memecoin featuring a Shiba Inu sporting a stylish knitted beanie, finds itself in hot dog water. After a meteoric rise earlier this year, WIF has been on a downward spiral, trapped within a descending channel since late May. Analysts are carefully keeping tabs as the canine crypto approaches a critical support level, with its future hinging on a tug-of-war between bullish and bearish forces. Descending The Price Ladder: A Sign Of Weakness? Technical analysis paints a worrying picture for WIF. The descending channel pattern, characterized by lower highs and lower lows, indicates sustained selling pressure. The price has plummeted a staggering 30% since the end of May, currently hovering around the crucial $2.44 mark. In the last week, WIF has lost 15% of its value, data from Coingecko shows. This level represents a make-or-break point for WIF. If the bulls – those optimistic investors hoping for a price increase – can’t defend this support line, the price could plunge further, potentially reaching a new low of $1.93. A Technical Tailspin Adding fuel to the bearish fire is the Aroon Down indicator, a technical tool that gauges the strength of a downtrend. WIF’s Aroon Down Line sits at a concerning 100%, signifying a robust downtrend with the most recent low occurring not too long ago. This suggests that selling pressure is overwhelming any potential buying activity among WIF holders. Will The Bulls Rise To The Occasion? A glimmer of hope remains for WIF devotees. If the bulls manage to hold the current support level, a price rebound towards the resistance line at $2.70 is a possibility. This would be a temporary reprieve, but it would offer a chance for the memecoin to regroup and potentially break free from the descending channel. #BinanceTournament #Write2Earrn #BTCFOMCWatch #CPIAlert

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Hi Guys, It's Big & Big #timetobuy 4 Altcoins to Hit All Time Hit !!! 4 Altcoin To Hit All-Time High Next; Buy Now. A versatile portfolio makes the declining market conditions bearable. Check out the top altcoins that might hit all-time highs next to add to your portfolios. According to the fear and greed index, a major shift in users’ sentiments is seen from greed to neutral following the Bitcoin plunge. As a result, the market is declining, putting downward pressure on the rest of the cryptocurrencies. However, a few altcoins have kept the trends alive and are closer to rising to new all-time highs. On that note, let us look at altcoin, which might hit an all-time high next and can bring profits even in these market conditions. Kaspa (KAS) Notcoin $NOT Ondo $ONDO io.net $IO #altsesaon #Write2Earrn #BTCFOMCWatch #cpi

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Hi Guys, It's Big & Big #Update About 3 Crypto Which can Recover Soon? 3 Top Cryptos That Might Recover This Week. As the higher share of the market is on the declining side, only a few cryptos like AKT, PEPE, and SHIB are aiming at a recovery. Due to the drop in traders’ sentiments, the market’s condition is also declining. The global market cap has dropped to $2.41 Trillion, and the fear and greed index has sunk to 53. The 24-hour trading volume is also on the low side with $ 72.8 billion, and Bitcoin price has declined to $66,198 and much more. However, a few cryptos have indicated the signs of recovery despite the bearish conditions. 1. Akash Network $AKT 2. Shiba Inu $SHIB 3. Pepe $PEPE #CPIAlert #AirdropGuide #BinanceTournament #Write2Earrn

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Hi Guys, It's Big & Big #alert About $PEPE Whales Trasaction !!! Whale Moves 357.2 Billion PEPE To Binance Amid Price Dip, What’s Next? A whale moves 357.2 billion PEPE tokens to Binance amid a significant price dip. Unravel the potential market impact and future price predictions for PEPE. PEPE Market Fluctuations and Whale Activity Meme cryptocurrency PEPE has taken a beating lately, dropping over 10% in the past week according to on-chain data. A major holder with the address 0xf22…a685c had to reduce their position. They initially withdrew 548 billion PEPE tokens from a centralized exchange at an average price of $0.00001341, worth around $7.35 million. However, in the last 16 hours, this holder sent back 357.2 billion PEPE to Binance through two transactions at a lower price of $0.00001157. The first transfer was 170.3 billion tokens, and the second was 186.95 billion, totaling $4.14 million. If sold at the current rate, this would result in a $660,000 loss, with the remaining tokens still being underwater by $320,000. This move suggests the whale is repositioning strategically, perhaps expecting further dips or preparing for new opportunities in the market. PEPE Market Analysis and Future Prospects PEPE is currently trading at around $0.00001208, with a massive 24-hour trading volume of over $954 million. However, the price has dipped by 0.35% in the last day and a more significant 7.08% over the past week. With a circulating supply of 420 trillion PEPE tokens, the total market cap stands at roughly $5.09 billion. The token is fluctuating between $0.00001217 and $0.00001137. Open interest in PEPE futures has declined by 8.20%, now valued at $79.1 million. According to Coingape’s analysis, market consolidation led to a V-top reversal from $0.00001725, causing a 37.2% plunge to $0.0000108 and the market cap dropping to $4.54 billion. Currently, PEPE’s price is teetering on a potential breakdown from the critical $0.0000114 support level, which coincides with the 50-day exponential moving average and 38.2%.

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Hi Guys, It's Big & Big #timetobuy these 4 Crtypto Currencies As $BTC is on $66,000 !!! Bitcoin Price Struggles At $66K But These 4 Crypto Stocks Shine. The Bitcoin price is currently grappling with major losses while trading at around $66,000, however, experts have recognized four crypto stocks that are expected to perform well. After a strong performance in 2023 and early 2024, top cryptocurrencies, particularly Bitcoin (BTC), have faced a downturn. Bitcoin, the leading cryptocurrency, achieved an all-time high of $73,750 in March as the price rallied unprecedentedly after the ETF launch. However, it has since experienced a significant pullback. Bitcoin Price Metrics Throughout May, Bitcoin remained well below $70,000, and June hasn’t seen much improvement. On June 14, Bitcoin dipped below $65,000 before rebounding slightly to $66,000. Several factors have contributed to the recent decline in the Bitcoin price. One major event was the Bitcoin Halving in April, which reduced the block reward by 50%. This event occurs every four years to limit Bitcoin’s total supply to 21 million coins. Typically, Halving events boost demand and prices, but this year, the Bitcoin price failed to regain its momentum post-halving. The Halving forced miners to sell their BTC block rewards to avoid losses, thereby catalyzing the bearish trend. Furthermore, another factor affecting Bitcoin’s price has been the broader economic environment. In April, concerns over rising inflation and potential interest rate hikes caused a pause in the Wall Street rally. While inflation eased in April and May, the Federal Reserve’s uncertain stance on rate cuts has kept investors on edge. $SHIB $PEPE #BinanceTournament #AirdropGuide #BTCFOMCWatch #CPIAlert

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