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$BTC Bitcoin (BTC) plunged by another 3% on Wednesday, with prices sliding towards $93,700 at the time of publication. Bitcoin ETFs defy bearish sentiment as they recorded $52 million inflows on Tuesday, bringing the weekly intake to $1.04 billion. Mega-cap assets like XRP and exchange tokens BNB and BGB showcased resilience, defying broader market weakness spurred by an ongoing liquidation event that wiped over $150 billion from global crypto market capitalization in the past 24 hours.BNB and BGB gained traction as exchange-linked assets benefited from a surge in user activity on Binance and Bitget platforms. Meanwhile, XRP found support at $2.3, fueled by optimism surrounding Ripple’s new collaboration with Chainlink, aimed at integrating oracles for improved DeFi adoption.
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Buying the dip is a popular investment strategy that involves purchasing assets, such as cryptocurrencies or stocks, after their prices have declined, with the expectation that they will rebound in value. This approach is based on the belief that temporary price drops present opportunities to acquire assets at a lower cost, ultimately leading to potential profits when prices recover.
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This is just binance gifts can't make up my mind now about how much should invest or how should diversify my portfolio especially since we a very volatile market currently think there will be significant changes to the market especially on the inauguration date since there will likely be good mentality towards crypto with trump at the helm of the the US govt.
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#CryptoMarketDip correction has happened every step of the way from as far back as i remember being involved with crypto. i do believe there will be an upturn towards a new ATH not long after this and Navigating a crypto market dip requires a strategic approach that combines careful analysis, risk management, and a long-term perspective. By employing strategies such as buying the dip, dollar-cost averaging, diversification, and setting stop-loss orders, investors can position themselves to capitalize on potential rebounds while minimizing risks. As the cryptocurrency market continues to evolve, staying informed and adaptable will be key to achieving success in this dynamic environment.
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#BinanceMegadropSolv Solvium is an innovative decentralized platform designed to address significant financial challenges in India, particularly focusing on the credit gap faced by rural and underserved markets. With a staggering $819 billion credit gap in the micro, small, and medium enterprises (MSME) sector, Solvium aims to leverage blockchain technology and artificial intelligence (AI) to provide transparent, affordable, and scalable financial solutions
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