Binance to Launch Six New Spot Trading Pairs on December 6, | Umair Nadeem en Binance Square

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Binance to Launch Six New Spot Trading Pairs on December 6, 2024
Binance will introduce six new spot trading pairs, including CHZ/USDC and PYTH/USDC, on December 6, 2024, and activate spot algorithmic order trading bots concurrently.
$BNB 
#BTC100K! #BNBAnalysis #BnbAth 

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A Beginner's Guide to Binance: Navigating the World of Cryptocurrency

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Why Bitcoin fell short of reaching the $100,000 historical milestone? Last week, the crypto market was on edge as Bitcoin neared the $100,000 threshold, only to be let down when its momentum stalled and quickly reversed. The cryptocurrency hit a record high of $99,655.50 on Friday, but fell short of the six-figure mark. By 2:53 p.m. ET on Tuesday, Bitcoin was trading at $91,749, reflecting a nearly 8% decline from its all-time high. Matt Mena, a crypto research strategist at 21Shares, pointed out that the $100,000 level serves as a psychological trigger for investors who have been holding Bitcoin since its last bull run. In an interview with Business Insider, he explained that many holders likely anticipated a drop around this price and decided to sell some of their assets to lock in profits. Mena highlighted that this type of behavior has been observed at previous Bitcoin price peaks. A similar trend unfolded earlier this year in March, when Bitcoin lingered near its previous all-time high of $69,000 from 2021 for almost a week before eventually surpassing it. "As the price neared this level, many participants from the previous cycle began taking profits, expecting a potential sell-off," Mena explained in an email to Business Insider. $BTC #BTCWatchZone #Bitcoin❗

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#XRPMarketShift The behavior of long-term holders, often regarded as the market's most stable participants, is particularly significant. A decline in Ripple's Mean Dollar Invested Age (MDIA) indicates that these seasoned investors are actively reducing their positions, adding to the downward price pressure. This trend aligns with the fact that an extraordinary 97% of XRP’s 99 billion circulating supply is currently in profit, prompting increased selling activity. From a technical standpoint, XRP remains above key support at $1.33. However, persistent profit-taking could test this level, potentially driving the price down to $1.28 if it fails to hold. Conversely, renewed buying interest could push the token back toward its recent high of $1.63, though current market conditions call for caution. The high percentage of profitable positions creates a precarious scenario, where further profit-taking might trigger cascading sell-offs. Investors should carefully watch support levels and on-chain metrics for signals of stabilization or continued selling pressure. $XRP

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$ETH Driven by ongoing interest from both retail and institutional investors, $ETH continues to be a leading choice for those seeking to diversify their crypto portfolios. As Ethereum advances its technology and expands its real-world applications, its momentum is poised to grow even stronger. #EthereumAwakening? #ETHETFsApproved

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#AltcoinMomentum $BNB $BTC $SOL As the cryptocurrency market evolves, altcoins are gaining noticeable momentum. While Bitcoin still holds its dominance, many investors are shifting their focus to the varied world of altcoins in search of fresh opportunities and the potential for substantial returns.

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