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#TrendingTopic #EOS #Aevo #writetoearn At this time the total market cap is trading at 2.52 Trillion which has rejected from 2.57 Trillion on the weekly time frame which is its weekly resistance if the candle closes above 2.57 on the weekly time frame the next target is 3 Trillion on the weekly time frame
#TrendingTopic #writetoearn #TrendingTopic 🚨 BREAKING: Bank of America's Merrill Lynch and Wells Fargo are offering spot bitcoin exchange-traded funds (ETFs) to their clients.💥.. Bloomberg source.
US DOLLAR INDEX1) Break above $104.1 and move up towards $104.72) Break below $103.6 and drop down to $102.8S&P 500 FUTURES1) Break above $5095 and move up towards $51502) Break below $5080 and drop down to $5043BITCOIN OUTLOOK1) Break above $51.3k and move up to $52.2k2) Break below $50.6k and drop down towards $50k or lowerETHEREUM OUTLOOK1) Break above $2945 and move up to $30002) Break below $2914 and drop down to $2874Story is Crypto experienced an uptick alongside equities yesterday. However, the market's reaction to the announcement that Reddit would hold BTC, ETH, and MATIC led to what could be described as a news failure event. Despite this, most cryptocurrencies, including BTC and ETH, remain above their weekly lows. Such news failure events often prompt a period of reflection and reassessment of market trends.Our outlook remains fundamentally optimistic, though achieving a breakthrough for ETH to surpass the $3k mark, potentially triggering an altcoin season, might require more time. It's possible I'm mistaken, and the crypto market could rally at today’s US market opening. Yet, a further correction or at least additional consolidation seems more probable.Equities have shown positive movement this morning, which generally is a good sign for cryptocurrencies. Nonetheless, in light of the recent news failure, I am adopting a cautious approach as we head into the weekend. Holding spot assets appears promising and is likely to continue in this vein. Leverage, however, should be used judiciously and only when conditions are most favorable.#Write2Earn #strk #Portal #TrendingTopic #MATIC
2) Break below $50.6k and drop down towards $50k or lower
ETHEREUM OUTLOOK
1) Break above $2945 and move up to $3000
2) Break below $2914 and drop down to $2874
Story is Crypto experienced an uptick alongside equities yesterday. However, the market's reaction to the announcement that Reddit would hold BTC, ETH, and MATIC led to what could be described as a news failure event. Despite this, most cryptocurrencies, including BTC and ETH, remain above their weekly lows. Such news failure events often prompt a period of reflection and reassessment of market trends.
Our outlook remains fundamentally optimistic, though achieving a breakthrough for ETH to surpass the $3k mark, potentially triggering an altcoin season, might require more time. It's possible I'm mistaken, and the crypto market could rally at today’s US market opening. Yet, a further correction or at least additional consolidation seems more probable.
#Write2Earn #Portal #WLD #BTC Based on the latest data, here is an update on Bitcoin (BTC):- Current price: $51,634.4- 24-hour price change: +1.47%- 7-day price change: -1.27%- Today's volume: $2,089,814,436.61Technical Indicator Patterns:- Backtesting time within 7 days: No pattern detected for MACD, RSI, BOLL, and KDJ.Backtesting time within 30 days: No pattern detected for MACD, RSI, BOLL, and KDJ.Market Sentiment Index: 74 (Greed)Funding Analysis:Bybit's Major Whale Traders positiondirection: BullishLong/short ratio: 1.08
#Write2Earn #strk #PIXEL #FIL #TrendingTopic As of February 20, 2024, the current situation of Bitcoin is influenced by various factors such as market sentiment, regulatory developments, technological advancements, and macroeconomic trends. Here are some key points:1. Price Volatility: Bitcoin's price continues to exhibit volatility, experiencing fluctuations driven by factors like investor sentiment, institutional adoption, and macroeconomic events.2. Market Capitalization: Bitcoin remains the largest cryptocurrency by market capitalization, often serving as a bellwether for the broader cryptocurrency market.3. Institutional Adoption: Institutional adoption of Bitcoin as a store of value and investment asset has continued to grow, with more traditional financial institutions, corporations, and asset managers integrating Bitcoin into their portfolios.4. Regulatory Environment: Regulatory developments and government policies regarding cryptocurrencies, particularly Bitcoin, can significantly impact its price and adoption. Regulatory clarity or uncertainty in major markets can influence investor sentiment and market dynamics.5. Technological Developments: Ongoing technological developments, such as upgrades to the Bitcoin protocol, improvements in scalability, and innovations in the broader blockchain ecosystem, contribute to Bitcoin's long-term viability and relevance.6. Global Economic Factors: Macroeconomic trends, such as inflation concerns, monetary policy decisions by central banks, geopolitical tensions, and economic uncertainty, can influence investor interest in Bitcoin as a hedge against traditional financial assets.Overall, Bitcoin's current situation is characterized by a combination of price volatility, increasing institutional adoption, regulatory developments, and ongoing technological advancements, all of which shape its trajectory in the cryptocurrency market and its role in the broader financial landscape.
As of February 20, 2024, the current situation of Bitcoin is influenced by various factors such as market sentiment, regulatory developments, technological advancements, and macroeconomic trends. Here are some key points:
1. **Price Volatility:** Bitcoin's price continues to exhibit volatility, experiencing fluctuations driven by factors like investor sentiment, institutional adoption, and macroeconomic events.
2. **Market Capitalization:** Bitcoin remains the largest cryptocurrency by market capitalization, often serving as a bellwether for the broader cryptocurrency market.
3. **Institutional Adoption:** Institutional adoption of Bitcoin as a store of value and investment asset has continued to grow, with more traditional financial institutions, corporations, and asset managers integrating Bitcoin into their portfolios.
4. **Regulatory Environment:** Regulatory developments and government policies regarding cryptocurrencies, particularly Bitcoin, can significantly impact its price and adoption. Regulatory clarity or uncertainty in major markets can influence investor sentiment and market dynamics.
5. **Technological Developments:** Ongoing technological developments, such as upgrades to the Bitcoin protocol, improvements in scalability, and innovations in the broader blockchain ecosystem, contribute to Bitcoin's long-term viability and relevance.
6. **Global Economic Factors:** Macroeconomic trends, such as inflation concerns, monetary policy decisions by central banks, geopolitical tensions, and economic uncertainty, can influence investor interest in Bitcoin as a hedge against traditional financial assets.
Overall, Bitcoin's current situation is characterized by a combination of price volatility, increasing institutional adoption, regulatory developments, and ongoing technological advancements, all of which shape its trajectory in the cryptocurrency market and its role in the broader financial landscape.