Hello businessmen and women,
It’s important to note that Bitcoin (BTC) plays a significant role in driving the cryptocurrency market. BTC is often seen as a leading indicator, and its price movements tend to influence the entire market. Historically, a 1% drop in BTC can lead to a much larger decline across other cryptocurrencies, sometimes up to 5%.
Interestingly, daily traders of BTC outnumber long-term holders, although those who hold BTC tend to possess larger amounts than those trading regularly. This dynamic helps explain why the market may experience short-term bearish trends but maintain a long-term bullish outlook. I encourage you to stay alert and seize opportunities as they arise.
God bless you all 🙏🏼 #BTCUptober #BinanceLaunchpoolHMSTR #SECAppealRipple #BTC☀ #BullRunAhead