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🔥🔥🔥 Daily Market Review: $BTC , $ETH , $TRX , BTT, LTC In today's market session, slight fluctuations in the global market cap are evident, with the total cap standing at $2.36 trillion, reflecting a 0.94% increase over the last 24 hours. - Bitcoin (BTC) continues its consolidation phase, displaying a falling wedge pattern on price charts, typically seen as bullish. Currently priced at $63,001, BTC shows a 2.05% decrease from its previous 24-hour value, with the Relative Strength Index (RSI) hovering near the 40 level. - Ethereum (ETH) also experiences consolidation, positioned near the middle band on price charts and currently valued at $3,121, reflecting a 0.5% decrease from its previous 24-hour price. - Tron (TRX) emerges as today's top gainer, with bullish momentum evidenced by its price trending above the green Supertrend line. Priced at $0.1205, TRX reflects a 3% decrease. - BitTorrent (BTT) demonstrates gains, with intertwined Alligator lines indicating a sideways market. Currently priced at $0.000001341, BTT shows a 0.44% decrease. - Litecoin (LTC) showcases impressive performance, fluctuating around the cloud and currently valued at $86.42, representing a 1.3% decrease from its previous 24-hour price. Source - blockchainreporter.net #CryptoNews🔒📰🚫 #cryptocurrency #BinanceSquareTalks #MarketUpdate

🔥🔥🔥 Daily Market Review: $BTC , $ETH , $TRX , BTT, LTC

In today's market session, slight fluctuations in the global market cap are evident, with the total cap standing at $2.36 trillion, reflecting a 0.94% increase over the last 24 hours.

- Bitcoin (BTC) continues its consolidation phase, displaying a falling wedge pattern on price charts, typically seen as bullish.

Currently priced at $63,001, BTC shows a 2.05% decrease from its previous 24-hour value, with the Relative Strength Index (RSI) hovering near the 40 level.

- Ethereum (ETH) also experiences consolidation, positioned near the middle band on price charts and currently valued at $3,121, reflecting a 0.5% decrease from its previous 24-hour price.

- Tron (TRX) emerges as today's top gainer, with bullish momentum evidenced by its price trending above the green Supertrend line. Priced at $0.1205, TRX reflects a 3% decrease.

- BitTorrent (BTT) demonstrates gains, with intertwined Alligator lines indicating a sideways market. Currently priced at $0.000001341, BTT shows a 0.44% decrease.

- Litecoin (LTC) showcases impressive performance, fluctuating around the cloud and currently valued at $86.42, representing a 1.3% decrease from its previous 24-hour price.

Source - blockchainreporter.net

#CryptoNews🔒📰🚫 #cryptocurrency #BinanceSquareTalks #MarketUpdate

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💥💥💥 #Ethereum Price May Have Another Chance For A Bullish Streak: Here’s How Ethereum's price trajectory encounters a correction phase following its rejection near the $3,220 mark. A renewed bullish trend may unfold if it surmounts the obstacles at $3,055 and $3,080. The latest Ethereum price action witnessed a retracement after encountering resistance around the $3,220 level. This downturn saw ETH slipping beneath both the $3,100 mark and the 100-hourly Simple Moving Average. Notably, it tested the critical support at $3,000 before entering a consolidation phase. Presently, Ethereum is trading below $3,100, with immediate resistance looming around the $3,050 level. This aligns closely with the 23.6% Fibonacci retracement level of the recent decline from the $3,217 swing high to the $3,005 low. Furthermore, a pivotal bearish trend line is forming with resistance at $3,055 on the hourly chart of ETH/USD. The primary resistance lies near $3,080, coinciding with the 100-hourly SMA. Resistance is expected at $3,120, with a breakthrough potentially leading to bullish momentum towards $3,200. Surpassing $3,200 could target resistance levels at $3,350 and $3,500. Conversely, if Ethereum struggles to surpass the $3,055 resistance, it might resume its decline. Initial support is found at the $3,000 level, which is a crucial psychological level. Subsequently, the $2,950 zone emerges as a significant support area, followed by $2,920. A breach below $2,920 may lead to further downside pressure, with potential targets at $2,840 and $2,720 in the near term. Looking at the technical indicators, the hourly #MACD for ETH/USD indicates a weakening bearish momentum, while the hourly RSI is below the 50 level, signaling a bearish sentiment. In summary, Ethereum's ability to breach key resistance levels at $3,055 and $3,080 will determine its next directional move. Conversely, a failure to do so might prompt further downside, with $3,000 and $2,950 serving as crucial support levels. Source - newsbtc.com #CryptoNews🔒📰🚫 #cryptocurrency #BinanceSquareTalks $ETH
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🔥🔥🔥 User Discloses Profit by Holding #shibaInu Rather than Cash in Bank Resilient Shiba Inu holders are enjoying exceptional returns, with an impressive ROI of 1,865,428%, far surpassing savings account yields. Shiba Inu, a widely followed cryptocurrency rooted in memes, has millions of holders, exceeding the population of over 105 US cities individually. Despite its volatility, $SHIB has proven lucrative. However, meme #cryptocurrencies like Shiba Inu often endure sharper declines during market downturns. For example, while $XRP dropped 10% between April 21 and May 1, Shiba Inu plummeted by 26.22% during the same period. This raises the question of whether investing in Shiba Inu or cryptocurrencies is advisable compared to bank deposits. Shiba Inu Investment vs. Bank Deposits - Standard US savings accounts offer APYs ranging from 0.01% to 0.3%. Digital banks may provide up to 5.25% APY. However, these rates pale in comparison to Shiba Inu returns. - For instance, an individual who invested in Shiba Inu a year ago at $0.000009379 would now see a gain of 158%, with the current value at $0.00002509. Despite volatility, including a drop of over 30%, the investment surged over 400% at its peak when SHIB reached $0.000045. An Investor's 340% ROI after Holding SHIB for 783 Days - A user held Shiba Inu for 783 days, revealing a return of approximately 340%. They emphasized that saving in a bank would have yielded only 5%. Longest Holders Enjoying 1,865,428% Gains - Investors who never sold their Shiba Inu since acquiring it in 2020 now enjoy an #ROI of 1,865,428%, meaning a $100 investment would amount to nearly $2 million. Remember, investing in cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research. Source - thecryptobasic.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
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