Bitcoin(BTC) Surpasses 75,000 USDT with a 9.22% Increase in 24 Hours On Nov 06, 2024, 06:05 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 75,000 USDT benchmark and is now trading at 75,000 USDT, with a narrowed 9.22% increase in 24 hours.
WHY DO MOST TRADERS LOSE IN CRYPTO? Why Do Most Traders Lose in Crypto? 1. Lack of Knowledge: Many traders jump into crypto without understanding how the market works. They often ignore essential concepts like market trends and technical analysis. 2. Emotional Trading: Trading can be stressful! Fear and greed can cloud judgment, leading traders to make poor decisions, like selling too early or holding on too long. 3. High Volatility: The crypto market is known for its price swings. While this can create opportunities, it can also lead to significant losses if traders are not careful. 4. Overtrading: Many traders make too many trades, thinking they can maximize profits. This habit can lead to increased fees and bad decisions. 5. Ignoring Risk Management: Traders often fail to use stop-loss orders or set proper risk levels. This can result in bigger losses than they can handle. 6. FOMO (Fear of Missing Out): Traders sometimes feel pressured to buy when they see others making profits. This impulsive decision-making can lead to losses. 7. Scams and Fraud: The crypto space is filled with scams. Traders who aren't vigilant can fall victim to fraudulent schemes. To succeed in crypto, traders should focus on education, manage their emotions, and develop a solid strategy. Improving your knowledge and discipline is key to navigating this volatile market!
The best time for crypto trading depends on various factors, including market volatility, liquidity, and your personal trading strategy. However, here are some general insights:
*Best Times:*
1. *Market Open/Close*: 00:00 UTC (Coordinated Universal Time) and 12:00 UTC, when global markets open and close. 2. *High Liquidity*: 08:00-12:00 UTC and 14:00-18:00 UTC, when European and US markets overlap. 3. *Volatility Peaks*: 12:00-15:00 UTC, when market sentiment shifts. 4. *News and Events*: During major announcements, conferences, and regulatory updates.
*Worst Times:*
1. *Low Liquidity*: Late nights (20:00-02:00 UTC) and weekends, when markets are less active. 2. *High Volatility*: Avoid trading during extreme price swings, as they can result in significant losses.
*Additional Tips:*
1. *Stay Alert*: Monitor markets 24/7, as crypto markets operate continuously. 2. *Use Time-Zone Conversions*: Adjust times according to your local time zone. 3. *Set Trading Schedules*: Plan your trades during optimal times. 4. *Stay Informed*: Follow market news, analysis, and social media to stay up-to-date. 5. *Adapt to Market Conditions*: Adjust your strategy based on changing market dynamics.
*Popular Trading Sessions:*
1. *Asian Session*: 00:00-08:00 UTC (Tokyo, Seoul, Hong Kong) 2. *European Session*: 08:00-16:00 UTC (London, Frankfurt, Paris) 3. *US Session*: 14:00-22:00 UTC (New York, Chicago, Los Angeles)
Remember, crypto markets are unpredictable, and optimal trading times may vary. Stay flexible, and continually adapt your strategy to market conditions.
The next expected move of MLN coin is difficult to predict with certainty, but here are some insights based on recent trends and analysis:
*Price Prediction:* MLN's price is expected to fluctuate between $16.09 and $270.05 in the coming weeks and months ¹. Some predictions suggest a rise to new highs by the end of 2024, while others indicate a potential decline ².
*Market Trends:* MLN's market capitalization has been steadily increasing, with a current value of $42,959,768 ³. The 24-hour trading volume is $5,521,269, indicating significant market activity.
*Technical Analysis:* MLN's technical indicators suggest a bullish trend, with a potential breakout above the resistance level of $16.50 ⁴.
*Fundamental Analysis:* Enzyme Finance, the platform behind MLN, has a strong use case in decentralized asset management. The increasing adoption of DeFi platforms and the growing demand for decentralized investment solutions may drive MLN's price up.
*Investment Advice:* As with any cryptocurrency investment, it's essential to conduct thorough research, set clear goals, and never invest more than you can afford to lose. MLN's price volatility and market fluctuations should be carefully considered before making any investment decisions.
Remember, cryptocurrency markets are highly unpredictable, and prices can change rapidly. Stay informed, and always prioritize responsible investing practices.
Ethereum's current supply level is approximately 120.28 million ETH ¹. The circulating supply is also 120,284,052 ETH, with a total supply of 120,284,052 ETH and a maximum supply of infinity ².
In terms of demand, Ethereum's price is $2,674.43, up 2.48% in the last 24 hours, with a market capitalization of $321,691,170,367.4 and a 24-hour trading volume of $7,354,224,559.203 ³.
Please note that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly.