Bitcoinsnow
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According to the @glassnode research report, data on multiple chains show:
1. The cost of 2 million#Bitcoinsnow exceeds $61,200.
2. With $BTC ATH, long-term holders began to take profits, including investors who withdrew from GBTC, and the market has currently realized daily profits of US$2.6 billion.
3. The current market cycle is surprisingly similar to the previous cycle from 2018 to 2021. Judging from the duration of the cycle and the timing of peaking in April 2021, the current market is in a similar situation to December 2020, that is, this year The cycle has not yet reached its high point
1. The cost of 2 million#Bitcoinsnow exceeds $61,200.
2. With $BTC ATH, long-term holders began to take profits, including investors who withdrew from GBTC, and the market has currently realized daily profits of US$2.6 billion.
3. The current market cycle is surprisingly similar to the previous cycle from 2018 to 2021. Judging from the duration of the cycle and the timing of peaking in April 2021, the current market is in a similar situation to December 2020, that is, this year The cycle has not yet reached its high point
#market_analysis #Bitcoinsnow $ETH #ETH🔥🔥🔥 #solonacoin #bitcoinhalvingn $BTC 📉 **Today's Crypto Market Overview:**
The crypto market is currently experiencing a mix of anticipation and caution. With the **Bitcoin halving** just around the corner, there's a buzz of excitement as the $BTC supply on exchanges hits a **6-year low**¹. Meanwhile, major financial hubs like **Hong Kong** and **South Korea** are opening up to Bitcoin ETFs, and the **London Stock Exchange** is listing BTC ETNs¹.
Despite these positive developments, the market cap has seen a slight dip to **$2.59 trillion**, marking a **3.65% decrease** over the last day¹. This volatility is a reminder of the inherent risks and opportunities in the crypto world.
🔍 **Key Points to Watch:**
- **Bitcoin's price** is at **$69,185.46**, fluctuating with market sentiments¹.
- **Ethereum** follows, trading at **$3,505.46**, as investors keep an eye on its performance¹.
- **Altcoins** like **Solana** and **Toncoin** show significant movement, with Toncoin seeing a **37.77% increase** over the last 7 days¹.
💡 **Takeaway:**
The market is a complex ecosystem, reacting to global events and investor behavior. As we approach the Bitcoin halving, it's crucial to stay informed and make educated decisions based on the latest market trends.
The crypto market is currently experiencing a mix of anticipation and caution. With the **Bitcoin halving** just around the corner, there's a buzz of excitement as the $BTC supply on exchanges hits a **6-year low**¹. Meanwhile, major financial hubs like **Hong Kong** and **South Korea** are opening up to Bitcoin ETFs, and the **London Stock Exchange** is listing BTC ETNs¹.
Despite these positive developments, the market cap has seen a slight dip to **$2.59 trillion**, marking a **3.65% decrease** over the last day¹. This volatility is a reminder of the inherent risks and opportunities in the crypto world.
🔍 **Key Points to Watch:**
- **Bitcoin's price** is at **$69,185.46**, fluctuating with market sentiments¹.
- **Ethereum** follows, trading at **$3,505.46**, as investors keep an eye on its performance¹.
- **Altcoins** like **Solana** and **Toncoin** show significant movement, with Toncoin seeing a **37.77% increase** over the last 7 days¹.
💡 **Takeaway:**
The market is a complex ecosystem, reacting to global events and investor behavior. As we approach the Bitcoin halving, it's crucial to stay informed and make educated decisions based on the latest market trends.