Hello, I'm Awais I'm passionate about cryptocurrency trading and investing. On Binance, I share insights, strategies, and tips to help you navigate the world
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After the Bitcoin price plummeted, investors have been actively buying the asset at a reduced price, leading to daily inflows of $295 million into the Bitcoin ETF. This suggests growing interest in Bitcoin among institutional investors and traders employing a "buy the dip" strategy. Such activity may contribute to a potential Bitcoin price recovery in the near future.#crypto #cryptoawais #BTC☀ #Bitcoinarena #bitcoinnewsupdate $BTC
BTC/USDT current price at $56,150.49, which is a 1.17% decrease over the last 24 hours.
Prediction: If BTC fails to break above the $57,601.65 resistance, it may test the support level around $53,485.93 again. However, if it can sustain above the current level and break the resistance, we might see a short-term bullish trend towards the next resistance levels around $58,236.73 and beyond. Important Note: Cryptocurrency markets are highly volatile and predictions can change rapidly based on market sentiment, news, and other external factors. Always perform your own research and consider multiple sources before making trading decisions.#crypto #cryptoawais #btcupdates2024 #Btctopcrypto #BTC_Bounce_Back_to_57k $BTC
After a brief recovery in prices over the weekend, the cryptocurrency market experienced another downturn. Bitcoin dropped by 5%, reaching approximately $55,000, while Ethereum is now trading below $2,900. Many top 100 altcoins saw their prices decrease by about 10%.
Leading the declines were BRETT and PEPE, each falling by 13%, followed by JUP and WIF at 12%, and ENA at 11%.
The fear and greed index remains in the fear zone, sitting at 28.
The image provides data on the 24-hour and weekly trading volumes for various cryptocurrency platforms and futures.
- Binance Futures: Leading with $52.20 billion in 24-hour volume and $346.85 billion in weekly volume. - Poloniex Futures: In second place with $29.75 billion in 24-hour volume and $178.52 billion in weekly volume. - OKX Futures: Ranking third with $22.00 billion in 24-hour volume and $155.82 billion in weekly volume. -Bybit Futures: Reporting $18.84 billion in 24-hour volume. -Binance: Showing $12.19 billion in 24-hour volume. - **MEXC Futures**: Displaying a significant weekly trading volume of $21.77 billion.