#TotalMarketCap and #Bitcoinupdate 🚨🚨
If you look at the total crypto market cap and see the chart of $BTC from the beginning, you will realize that the market has only been growing from the start till now, and it is still growing. What you are considering a big crash is just a small correction in my opinion. The reason I believe this is happening is that many newbies buy and when they see the market going down, they start selling at a loss, panicking. If you continue like this, you will never be successful. Another thing is that a lot of bad news has been coming into the market in the past two weeks. Everyone knows about the war between Iran and Israel, which has caused a drop in the stock market worldwide, impacting the crypto market as well. If you think you have dollars in your bank account, they are riskier than crypto. Everyone knows how much debt America has, and in the future, dollars may lose their value. That's why the former President Donald Trump advised not to sell your bitcoin, as he is not thinking short term but long term. Due to the news, the market dropped a bit more. I believe you won't get a better opportunity than this. Just like the market went down, and
I am seeing that in the upcoming time in the market, there will be quite a lot of good news coming, and then you will see that just like the market went down, it will go up faster than before. You all are busy selling, and they are busy buying at Black Rock continuously because they are thinking long term, so don't let go of this opportunity and buy as much as you can. Very soon, the market is going to take a good pump with the arrival of some good news.
#BTCMarketPanic #RecessionOrDip? #MarketDownturn

#Write2earn Crypto Market Faces Critical Support Loss Amid Bearish Trends and Regulatory Developments
$BTC $ORDI #TotalMarketCap #MarketAnalysis

The overall cryptocurrency market cap has dipped below the crucial $2.50 trillion mark, a key psychological support level. Bitcoin is also feeling the pressure, currently trading at $67,300. The market is experiencing mixed signals, with bearish macroeconomic conditions and bullish crypto developments. Among altcoins, Ordinals has taken the biggest hit.

Today's Headlines:
SEC Approves Ethereum ETFs
CBDC Anti-Surveillance State Act

Market Analysis:

Total Crypto Market Cap:
The total cryptocurrency market cap has fallen below the $2.50 trillion support level, a significant psychological barrier. This decline is concerning, especially given the bearish macroeconomic environment. Even the approval of spot Ethereum ETFs hasn't counteracted the bearish trend, potentially pushing the market cap down to $2.39 trillion. Reclaiming the $2.50 trillion level could signal a rise to $2.60 trillion.

Bitcoin Price Movement:
Bitcoin has seen a consistent decline, marked by a fourth consecutive red candlestick. The price has dropped from $71,800 to $67,293. Falling below the $68,500 support level has intensified bearish sentiment, with a potential further drop to $64,883. However, if Bitcoin reclaims the $68,500 support level, it could resume its bullish trend, potentially reaching $71,800.

Ordinals Price Drop:
Ordinals, after a ten-day upward trend, saw a sharp decline in the last 24 hours, dropping 10% to $37.4. This decline delays a potential breakthrough of the $44 resistance level, requiring a 12% recovery to reach this target. Achieving this recovery would invalidate the current bearish outlook and boost profits for ORDI holders.

Total Market Cap: $1.92 Trillion

Bitcoin Market Cap: $1.07 Trillion
Ethereum: $274.46 Billion
Stablecoins: $163.56 Billion
Others: $410.74 Billion

#Bitcoin #Crypto #TotalMarketCap #TokenTalk #Write2Earn!