The cryptocurrency market continues to show a bearish trend today, with Bitcoin (BTC) dropping below $95,000. The global cryptocurrency market has decreased by about 2% to $3.27 trillion, with trading volume down 15% to currently $138 billion. The Fear and Greed Index has dropped from 59 to 54, reflecting a neutral sentiment.
In the past 24 hours, major altcoins have also experienced declines ranging from 2% to 5%. Movement (MOVE) saw a price crash of 20%, followed closely by Hyperliquid (HYPE) which dropped 19%. Notably, HYPE has been the highest-gaining currency over the past two days and has recently entered the top 20 by market capitalization.
#BTCčµ°åæ Short-term market, Bitcoin has experienced several days of turmoil, reaching an all-time high last Tuesday, followed by a significant drop of 15%. This period of heightened volatility has led to mixed opinions among investors; some expect Bitcoin to continue rising, while others are preparing for further declines. The market is closely watching whether Bitcoin can regain its bullish momentum. I also mentioned yesterday that from the 4-hour chart, the current 20MA has fallen below three long-term moving averages, and the short-term market sentiment remains bearish. $BTC
After a brief rise in U.S. stocks on Thursday, October 5, 2023, the three major indices retreated, with the Dow Jones barely closing up 0.04%, marking the first ten-day consecutive decline since the 1970s. The S&P 500 index fell 0.09%, and the Nasdaq dropped 0.10%. Cryptocurrency concept stocks generally fell, with 'Bitcoin whale' MSTR down 6.63% and Coinbase down 2.21%.
The cryptocurrency market is once again under pressure. Bitcoin rebounded from a high of $98,000 yesterday to $102,000, then started a new wave of decline, dipping to around $95,700 at around 5 AM this morning, currently reported at $96,812, down 3.8% in the last 24 hours. Ethereum fell below $3,400, down 6.6% in 24 hours, and altcoins saw particularly significant declines, generally exceeding 10%. The entire cryptocurrency market saw liquidations of $1.003 billion, with Bitcoin spot ETF seeing a net outflow of $674 million yesterday. Market sentiment is bleak, with bearish signals increasing. $BTC $BTC
#ęÆē¹åøåøåŗę³¢åØč§åÆ According to Coinglass data, more than 327,000 people worldwide have had their positions liquidated in the past 24 hours, with a total liquidation amount exceeding US$1 billion. $BTC
#åøåŗč°ę“å¾ēęŗä¼ļ¼ Buying the dip is like saving someone from drowning; you must first let the drowning person struggle for a while, allowing them to exhaust their own strength. Only then can you jump in to save them. If you rush to buy the dip while the drowning person's will to survive is strong enough, you can easily get dragged down with them. A declining market is like a severely injured patient; it won't recover immediately. Therefore, buying the dip can sometimes be like catching a knife with bare hands, or like cooking on a tightrope with an excavator. Experts often fall victim to buying the dip, while those who are bold enough can jump right in, but skilled traders fear making mistakes.... It's best to follow my approach of buying in small batches, without rushing or being anxious, and let the bullets fly for a while. Instead of frequently chasing highs and cutting losses. #xvs
#å åÆēØę·ēŖē “1800äø $BNB Will BNB maintain the $700 support level amidst increasing market volatility?
Current market dynamics pose a critical question for Binance Coin (BNB): does it have the ability to hold the key $700 threshold? After experiencing a strong rebound around $800, BNB recently pulled back to $700, indicating that investors are weighing the upcoming economic events, with increased profit-taking and market caution. The Federal Reserve's impending interest rate decision could greatly influence traders' sentiment and the overall market trend. $BNB
#å åÆåøåŗēę¬¢ Today, cryptocurrency prices reflect bullish momentum as Bitcoin (BTC) hits a historical high of over $106K. Major altcoins like Ethereum (ETH), XRP, and Solana (SOL) have also seen gains in the past 24 hours. Among the top altcoins, Fantom (FTM) has become the top-gaining cryptocurrency with a 17% increase, followed by Stacks (STX).
The global market capitalization has grown by about 3%, reaching $3.74 trillion, while trading volume has increased by 20%, totaling $147 billion. The Fear and Greed Index shows a value of 80, indicating extreme greed in the market, further highlighting the positive sentiment surrounding today's cryptocurrency prices. $BTC $
Bitcoin's Seven Consecutive Gains; S&P Stops Three-Week Uptrend; A Major Wave of Monetary Policy Approaches Next Week; The Market Holds Its Breath This week, Bitcoin saw a strong rise for seven consecutive weeks, setting a record for the longest streak since 2021, while traditional markets showed signs of fatigue. The Dow Jones Industrial Average fell by 1.82%. The S&P 500 index slightly decreased by 0.64%, ending a three-week uptrend. The Nasdaq rose slightly by 0.34%. However, next week is the true critical moment for the market. As the last significant monetary policy week of 2024 approaches, major central banks and economic data will take center stage, and investors will undoubtedly focus intently. Below are the key time points. Key Event Schedule Monday at 15:30, ECB President Lagarde will give a speech. Tuesday at 4:45 AM, Bank of Canada Governor Macklem will speak. Thursday at 3:00 AM, the Federal Reserve will announce its interest rate decision and economic outlook summary. Thursday at 3:30 AM, Powell will hold a press conference; the market's direction will hinge on his words. Thursday, time TBD, the Bank of Japan will announce its interest rate decision. Friday at 9:30 PM, the U.S. will release the third-quarter GDP revision and the December Philadelphia Fed Manufacturing Index. Focus: Core Economic Data Release November PCE Data, Friday; this is the Fed's preferred inflation indicator, expected to rise 0.2% month-over-month, the smallest increase in three months, which may signal a rate cut from the Fed. November Retail Sales Data, Tuesday; this data will reveal whether the consumer market can still support economic resilience. Speculations on Fed Dynamics CME FedWatch data shows that the market believes there is a 96% chance of a 25 basis point rate cut in December, with only a 4% chance of maintaining the current rate. Rate cut expectations have essentially settled in, but Powell's remarks may stir up further waves. Note: Whether it's the adjustment risk after Bitcoin's consecutive gains or the potential storm sensitivity of traditional markets, next week is destined to be a battleground of bulls and bears. Understanding the trend and mastering the rhythm is the survival rule that keeps one standing in this market.
The brothers are urging me to recommend coins again. In fact, my speed is already very fast. Let me organize it for everyone, so you can see if I have been procrastinating. On November 1st, I bought neiro, and it doubled in less than a week. On November 9th, I bought TRB, and it doubled the next day. On November 11th, I bought ACT and PNUT at 0.28 off-market, and it multiplied several times in three days. On November 27th, I bought THE, and it doubled the next day. On November 28th, I bought USUAL, and it doubled in one or two weeks. On December 4th, I bought BGB, and it doubled in one or two weeks. Now it is December 14th, and I am patiently waiting. I know everyone is in a hurry, but my speed is already very fast. If I go any faster, it will be one a day, but obviously, I do not have a dedicated team, so I can only analyze them one by one. Then, only those that meet the characteristics of previously doubling coins will be recommended to everyone. Before there are no new opportunities, I have been the same as everyone, holding coins and waiting for a rise. Currently, the main holdings include neiro, etc, trb, bch, bnb, and these. The coins mentioned above that have doubled are basically all sold off, many were sold at high positions and bought back at low positions.
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