🤔Is Bitcoin the Best Crypto to Buy Now?

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As major crypto prices pull back from earlier weekly highs due to hotter-than-expected US jobs data, traders are reassessing the best crypto to buy now.

Bitcoin (BTC), Ethereum (ETH), BNB (BNB), and Solana (SOL) have all seen declines of 1.5-3% over the past 24 hours, according to CoinMarketCap. BTC is probing for a break back below $70,000. ETH is in the mid-$3,700s, BNB has dipped under $700, and SOL is trading in the mid-$160s.

Bitcoin's head-and-shoulders formation suggests a rally towards $83,000 soon, with the resistance line likely breaking within the next few days, possibly today, or next week, June 12.

We remain optimistic. The global central bank easing cycle, confirmed by rate cuts in Canada, Denmark, and Europe, suggests inflation will slow as US growth, employment, and consumer spending weaken.

Bitcoin could surge above $100,000 later this year, especially if former President Donald Trump wins the upcoming election. Bitcoin could feasibly double from its current price near $69,000, making it a strong contender as the best crypto to buy now.

However, some investors are hunting for more than 3x gains and may turn to smaller, lesser-known altcoins with higher volatility.

Strong-Performing Altcoins to Monitor:

- Ordi (Ordinals): Provides innovative decentralized finance solutions.

- Jasmin Coin (Jasmy): Specializes in secure data exchange technology.

- Oasis Network (Rose): Focuses on privacy-enabled blockchain applications.

- Aptos (APT): Delivers scalable and user-friendly blockchain infrastructure.

- Chiliz (CHZ): Powers fan engagement platforms in sports and entertainment.

Cryptocurrency investments come with inherent risks. Conduct thorough research and invest wisely. Not a financial advice!

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