$BTC Bitcoin price is trying hard to surpass the barriers | TonmoyBD99 on Binance Square

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$BTC Bitcoin price is trying hard to surpass the barriers placed ahead of reaching $100K, but the bulls fall weak after reaching a certain range, which appears to have become more rigid. Therefore, the bulls are expected to become more powerful in the coming days; however, after achieving $100,000, the bulls and bears are expected to fight for dominance. 

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$POL Polygon’s native coin, POL, has an oscillating price trend. However, the last quarter showed an upward trajectory. Today, the POL price is at $0.4171, dropping over 20% in today’s trading session. In addition, it has been down 6.5% in the last 30 days, with 7-day losses pegged at 32%. The price movements coincided with Binance.US stating it would support the MATIC-to-POL token migration. This migration is expected to start on January 9, when the conversion of MATIC to POL, at a 1:1 ratio, is anticipated. Binance.US stated it would temporarily suspend trading on MATIC before this process commences. The platform requested that customers unstake active tokens to prepare for this move once completed. Thereafter, the trading of POL will be restored, as well as its deposit and withdrawal functions. Meanwhile, despite the POL price slump today, analysts remain optimistic about its future. Polygon’s ecosystem is growing significantly through NFTs, tokenizing real-world assets, and decentralizing AI applications. The developments show the company continues to push forward with use cases catering to various sectors, per the CNF report. AggLayer upgrade and associated innovations have led people to speculate about POL price action going ahead. Market analysts pointed towards increased adoption and diversification in terms of use cases, which could push the token’s value to $1 in the coming year. However, the crypto has to break the ongoing downtrend and rebound significantly to achieve the target. Currently, the $0.5 serves as a critical juncture in the journey to $1. #ChristmasMarketAnalysis #MarketRebound

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$BTC Crypto prices today are showing bearish momentum as Bitcoin (BTC) dropped below the $97K level, marking a sharp decline from its $108K all-time high earlier this week. The BTC price hit a low of $92K, reflecting significant volatility. Major altcoins followed the downtrend, with Ethereum (ETH) down 4% and Solana (SOL) dropping 7% in the last 24 hours. dogwifhad (WIF) became the worst performer, losing 13% in the same period. The global crypto market capitalization fell by approximately 2%, now at $3.34 trillion. Trading volume also dropped significantly and down by 44% to $170 billion. The Fear and Greed Index currently reads 59, indicating a neutral market sentiment despite the recent declines. #BTCNextMove #ChristmasMarketAnalysis

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$SOL SOL’s market cap sits at $102.80 billion. The global crypto market turned bullish, with the total market cap climbing 9.37% to $2.98 trillion. In the Asian trading hours, Bitcoin (BTC) hit its new all-time high at $89,604, while Ethereum (ETH) rallied above $3.3K. This shift has ignited optimism in the market, driving a bullish outlook. Notably, the altcoin Solana (SOL) has experienced a 5.80% price gain. Over the last 24 hours, SOL has hit a high of $223.22. At press time, it is trading at the $217.25 mark. For the first time, SOL has surpassed the $100 billion market capitalization mark. Currently, it sits at $102.80 billion. A few days back, the market cap dominance of SOL hit a new high at 3.81%. During this time, CMC data revealed that SOL’s daily trading volume was $10.74 billion. Meanwhile, Solana has witnessed a 24-hour liquidation of $21.56 million. The altcoin’s price momentum saw a surge of over 36% in the past seven days. Solana began trading in the $160.30 range. Eventually, the asset’s price steadily climbed to the current price level #MarketPullback #BTCOutlook

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$ETH Ethereum's (ETH) price extended its good run from 2023 into 2024, rising by about 48% to $3,390 in December. ETH somewhat mimicked its performance of 2023, posting a green first quarter that saw its price reach a two-year high of $4,093. It declined from the late stages of Q1 and into Q2 – with $2,817 as a key support level – before surging in May. However, the increase didn't last long as ETH resumed a downtrend that spanned into Q3, breaching the $2,817 support. This aligned with the historical crypto market's slow growth in Q3 due to the holiday season.Ethereum picked up pace in Q4, rising by over 50% between November 5 and December 19, particularly fueled by bullish sentiment surrounding the US presidential election victory of Donald Trump. Many anticipated a higher price ceiling of $5,000 for ETH in 2024 following the ETH exchange-traded fund (ETF) launch and overall crypto bullish market cycle. However, it looks set to fall short of expectations due to the headwind of declining on-chain revenue and the inflationary pressure it experienced during the year. #MarketCorrectionBuyOrHODL? #ETHNextMove

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$BTC Is Bitcoin the Greatest Wealth Generator of Our Time On December 5, 2024, Bitcoin hit $100,000, marking a significant moment in wealth creation. Early investors saw their holdings turn into vast fortunes, with some becoming millionaires and even billionaires in a short time. A study by NFT Evening highlights Bitcoin’s incredible impact on personal wealth. As BTC crossed the $100,000 mark, it created 14,211 new millionaires in just one day. Compared to traditional stocks, these returns are achieved much faster. Stock investors often wait decades to see similar gains. Moreover, Bitcoin’s rise also minted four new billionaires, proving its unique power to build generational wealth. #MarketCorrectionBuyOrHODL? #BTCNextMove

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