Bitcoin today (30) once fell below the key support level of $94,000, down from the historical high of $108,000 set on the 17th of this month. In just two weeks, the coin price has dropped over 13%. Can the market find a way to rebound in a battlefield dominated by bears?
In the past 24 hours, $155 million was liquidated. According to Coinglass data, the total liquidation amount in the cryptocurrency market reached $155 million in the past 24 hours. Among them, long positions accounted for $116 million, making up the bulk, while short positions amounted to $36.98 million. A total of over 75,000 people were liquidated.
These 10x potential coins are worth paying attention to!! LTCLTC (Litecoin), known as the 'silver' of the cryptocurrency world, has gained widespread acclaim in the market for its low transaction fees and fast transaction speeds. As an upgraded version of Bitcoin, Litecoin not only retains many advantages of Bitcoin but also has significantly improved in transaction speed and efficiency. With inflation halving and rising trading volumes, Litecoin has become increasingly attractive. At the same time, institutional interest in Litecoin is growing, adding strong momentum for its future development. Among many altcoins, Litecoin is undoubtedly a strong competitor.
PEPE
PEPE is a deflationary meme coin launched on the Ethereum blockchain, aimed at paying tribute to the internet meme Pepe the Frog created by Matt Furie. PEPE aims to capitalize on the popularity of meme coins like Shiba Inu and Dogecoin, featuring a tax-free policy and lacking utility, positioning itself purely as a meme coin.
From late April to May 2023, PEPE experienced a significant surge, with a market value reaching $1.6 billion, attracting a strong community. While it sparked interest in meme coins, the future potential of this coin in the market depends on factors such as the upcoming Bitcoin halving cycle and market sentiment. Its attractiveness in the current market cycle is uncertain, but it remains a point of interest for investors.
BNB
Binance Coin (BNB) is currently ranked fifth in the cryptocurrency market, with a current price of $702.89. Market sentiment remains bullish, with a fear and greed index of 72, indicating that the market is in a state of greed. Over the past year, BNB's price has increased by 122%, outperforming 76% of the top 100 cryptocurrencies.
The trading price of BNB continues to be above its 200-day simple moving average, indicating a strong upward trend and high investor confidence. Moreover, in the past 30 days, BNB has recorded 15 days of gains, with each daily closing price higher than the opening price, further proving its strong upward momentum.
Compared to its initial token sale price, Binance Coin's performance remains outstanding, with trading prices close to historical highs, demonstrating its strong resilience in the market. Strong liquidity and stable growth further consolidate Binance Coin's position as a leading digital asset.
