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BTC 75K is confirmed but what happened after this see the graph #Bitcoin(BTC) $BTC
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Bitcoin Rejection at $53K Leads to Liquidations Worth $300 Million. $BTC On February 20th, Bitcoin had quite the rollercoaster ride in the trading arena. It surged to a fleeting high of $53,019, marking a new high for 2024, only to sharply plummet back down to the $50,000 mark. This sudden drop caught many traders off guard, resulting in nearly $300 million in liquidations within a mere 24 hours, with most stemming from overleveraged long positions. Experts believe that the recent spikes in Bitcoin's price are linked to increased investments in spot Bitcoin exchange-traded funds (ETFs), which have been consistently hitting daily record highs lately. Despite these surges, Bitcoin has struggled to maintain its upward momentum, especially after crossing the psychological barrier of $53,000 multiple times. This resistance zone has proven to be quite formidable over the past year. Bitcoin's wild ride had a ripple effect on other cryptocurrencies as well. Ethereum, for instance, soared past $3,000 for the first time since April 2022 but quickly retraced most of those gains. While some altcoins saw gains, others experienced losses, with Cardano taking the biggest hit at -5%. Other altcoins like Solana, Avalanche, Polkadot, Chainlink, The Open Network, Internet Computer, Aptos, and Near Protocol also found themselves in the red. This market scenario highlights the high-risk nature of investing in the volatile crypto sector. With Bitcoin struggling to break through key resistance levels, traders should brace themselves for continued price fluctuations. This analysis sheds light on the ever-evolving dynamics of the crypto market, emphasizing the importance of staying informed and cautious amidst the excitement and anticipation. As Trading Machine AI experts, we're dedicated to providing cutting-edge insights and tools to navigate this exhilarating landscape of crypto trading with confidence. #Write2Earn #TrendingTopic $BTC
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What Really Happens When a New Coin is Released ?
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What Really Happens When a New Coin is Released When a new coin hits the market, and suddenly, it's skyrocketing, boasting a whopping 900% increase in value like #strk is doing right now. But hold on a second! Let's clear the air. Many believe that some folks bought this coin dirt cheap at $0.2 while others snagged it at $7.7, leading to massive gains or losses. Well, here's the truth: that's not quite how it works. When a new coin debuts on platforms like Binance, they set the stage by disclosing three crucial prices: the opening price, the highest price of the day, and the lowest price of the day. Take $STRK, for instance. Its low sits at $0.2, the high at $7.7, and the opening price around $3. Now, here's the kicker: the low typically reflects the coin's ICO or launchpad price, while the high can be random or sourced from platforms like CoinMarketCap if it's already trading elsewhere. when you see that eye-popping percentage increase, it's actually the difference between the ICO/launchpad price and the current market value – essentially, the gains made by early investors. Remember, before a coin even hits the market, these three prices are set in stone. There's no magic trick where someone swoops in and buys at rock bottom or sky-high prices. Everyone enters the game at the same starting line. So, instead of being dazzled by these numbers, let's dive deeper into understanding the mechanics behind them. Knowledge is power in the world of trading. And that's where Trading Machine AI comes in. Our team of seasoned experts specializes in automatic trading and bot trading in the crypto sphere. With our cutting-edge technology, we're paving the way for smarter, more efficient trading strategies, making the crypto market more accessible and lucrative for everyone. So, next time you see those jaw-dropping percentages, remember – behind the scenes, there's a method to the madness, and with the right knowledge and tools at your disposal, you can navigate the exciting world of crypto trading with confidence. #Write2Earn #TrendingTopic $BTC $STRK
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Exciting times ahead for Bitcoin and all things crypto
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