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Bitcoin’s Price Plummets 8% in 10 Minutes to June Lows 📉 Bitcoin's price #fell around 8% in 10 minutes on August 17, reaching levels unseen since June. Starting at $27,600, it dropped over 8% to $25,320, with some exchanges showing a dip to the low $26k range. The fall was influenced by factors including #SpaceX 's $373 million BTC sale and China's #Evergrande Group filing for bankruptcy. This brought Bitcoin's market cap below $500 billion, a first since June 16. However, despite this dip, Bitcoin remained 60% up from the start of 2023 at around $16,550. #Binance #crypto2023

Bitcoin’s Price Plummets 8% in 10 Minutes to June Lows 📉

Bitcoin's price #fell around 8% in 10 minutes on August 17, reaching levels unseen since June. Starting at $27,600, it dropped over 8% to $25,320, with some exchanges showing a dip to the low $26k range.

The fall was influenced by factors including #SpaceX 's $373 million BTC sale and China's #Evergrande Group filing for bankruptcy.

This brought Bitcoin's market cap below $500 billion, a first since June 16.

However, despite this dip, Bitcoin remained 60% up from the start of 2023 at around $16,550.

#Binance

#crypto2023

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Bitcoin Bull Run Ending? 😱 Is Bitcoin headed for a home run or a strikeout? A key metric screams "top of the inning" for Bitcoin's bull run, but there's a twist. The culprit? #VDD multiple, a stat historically linked to price peaks, is flashing red. But unlike last year's rally, Bitcoin hasn't broken its all-time high, leaving analysts scratching their heads. Enter the hopeful counterpoint: #RSI , a classic indicator, is hinting at a potential rebound. Divided analysts like TXMC fret over VDD, while others like Jelle see a lifeline in RSI. With Bitcoin's block reward #halving on the horizon, the game just got even more interesting. Will Bitcoin hit a homer or swing and miss? Only time will tell. #Binance #crypto2024
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Can Bitcoin ETFs Push Price to $150,000 After Halving? 🤩 Buckle up, Bitcoin bulls! Analysts predict a 160% surge to $150,000 after the halving, fueled by ETF buying (4.28% of supply!) and reduced coin creation. But will euphoria fizzle due to pre-halving buying or the Fed's tighter grip? The next few months are crucial for Bitcoin’s wild ride! #Binance #crypto2024
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Is Bitcoin's Rally Fueled by More Than Just Spot ETFs? 👀 Forget about new Bitcoin #ETFs being the sole reason for its price surge to $72,000. Analysts say there's a bigger party going on – inflation, potential student loan forgiveness ballooning the US debt, and trade tensions are the real DJs. Bitcoin's acting like #gold , a safe haven for investors worried about inflation and shaky economies. Even though a wobbly economy can hurt Bitcoin too, investors seem to be more interested in hedging their bets than just buying more Bitcoin. Could this be a sign of a global #economic storm brewing? #Binance #crypto2024
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What's Driving Polkadot's Active Addresses? 👀 #Polkadot 's network is buzzing with activity! They smashed their record for active users, hitting 600,000 in March. But here's the twist: a memecoin ploy to attract more users (DOT is $DED) fizzled out. Over 40% of the action is on the #Moonbeam platform. Can this surge in users help Polkadot's token price #bounce back from an 83% drop? All eyes on Polkadot - can they turn user activity into price glory? #Binance #crypto2024
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Can Bitcoin Halving Overcome Seasonal Weakness? 🔥 Crypto trading is hitting a slump, but buckle up for a potential Bitcoin price #surge ! Coinbase says the market craves a new hot topic, but the upcoming Bitcoin halving could light a fire. However, there's a catch: historically, this time of year chills crypto prices. Will new investors and Bitcoin's "digital gold" status be enough to overcome the #seasonal slump? One thing's for sure: with more people jumping in, fire #sales might become a thing of the past. #Binance #crypto2024
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