Today the crypto market has given us a new high! $BTC has exceeded all expectations, soaring above $73,000. This is not just a number – it’s the beginning of a new wave of opportunities and prospects. I mentioned this earlier!
Why is it important not to miss the moment? 💹 Bitcoin is solidifying its position as the leading asset. 🌍 Global economic uncertainty is fueling interest in crypto investments. ⚡ Entering the market when it’s on the rise is a chance for those striving for greater results!
$BTC has grown by ~140% over the past year, but many are talking about its correction. Why is that?
Despite the overall price growth, short-term fluctuations of $BTC are causing concern among traders and analysts. A correction is a natural part of any market cycle, and it occurs after a significant increase, when the price temporarily declines to strengthen before the next jump. In 2024, many believe that Bitcoin has entered a correction phase due to a decrease in short-term volatility and profit-taking by investors. In addition, regulatory news and expectations for new financial products, such as Bitcoin ETF options, add uncertainty, which also leads to corrective movements.
So the 140% growth is a long-term outlook, but even against this background, in the short term we can see pullbacks.
September could be a record month for $BTC — its value has grown by almost 7% so far. October and November are ahead of us, which statistically have a positive effect on the rate. During these months, $BTC rose by an average of 22% and 46%, respectively. Let's see what happens next...
Binance has launched a new game called Moonbix, available on Telegram mini apps. This is the company's first Play-to-Earn (P2E) game, where users can earn cryptocurrency by participating in the gameplay.
Binance may be giving away $BNB for the results of this game.