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#ThanksgivingBTCMoves
Bitcoin has been marching towards the key level of $100,000.
AFP VIA GETTY IMAGES
The price of Bitcoin surged above $97,000 in the early hours of Thanksgiving Day as the world's largest cryptocurrency sought to mount another attack towards the $100,000 milestone.
US markets may be closed on Thursday as Americans enjoy the holiday, but cryptocurrency trading never stops. The digital asset showed some of its characteristic volatility, jumping to $97,336 overnight from a 24-hour low of $92,900 late Wednesday afternoon.
However, Bitcoin's march towards the key six-figure level was halted once again, as it retreated to $95,402 on Thursday morning.
Rania Gule, an analyst at XS.com, said there has been a "clear decline in institutional demand," which, along with profit-taking by long-term holders, could indicate ongoing volatility.
Bitcoin exchange-traded funds (ETFs) in the United States recorded outflows of $123 million on Tuesday and $435 million on Monday, according to cryptocurrency data firm CoinGlass. However, the ETFs saw net inflows of $103 million on Wednesday, suggesting a rebound in demand.
Gule stated that Bitcoin cannot continue to grow above the $100,000 level "without experiencing some kind of pullback," and that a correction could be imminent. "This correction may be necessary to consolidate Bitcoin's gains and stabilize the market, allowing the currency to continue its upward trend in the medium and long term."
Other cryptocurrencies also gained ground on Thanksgiving Day: Ether, the second-largest digital asset in the world, rose 4% to $3,620, Dogecoin rose 2.5% to around 40 cents, and Solana rose 2% to $235.93.
$BTC $WLD #Worldcoins
Bitcoin has been marching towards the key level of $100,000.
AFP VIA GETTY IMAGES
The price of Bitcoin surged above $97,000 in the early hours of Thanksgiving Day as the world's largest cryptocurrency sought to mount another attack towards the $100,000 milestone.
US markets may be closed on Thursday as Americans enjoy the holiday, but cryptocurrency trading never stops. The digital asset showed some of its characteristic volatility, jumping to $97,336 overnight from a 24-hour low of $92,900 late Wednesday afternoon.
However, Bitcoin's march towards the key six-figure level was halted once again, as it retreated to $95,402 on Thursday morning.
Rania Gule, an analyst at XS.com, said there has been a "clear decline in institutional demand," which, along with profit-taking by long-term holders, could indicate ongoing volatility.
Bitcoin exchange-traded funds (ETFs) in the United States recorded outflows of $123 million on Tuesday and $435 million on Monday, according to cryptocurrency data firm CoinGlass. However, the ETFs saw net inflows of $103 million on Wednesday, suggesting a rebound in demand.
Gule stated that Bitcoin cannot continue to grow above the $100,000 level "without experiencing some kind of pullback," and that a correction could be imminent. "This correction may be necessary to consolidate Bitcoin's gains and stabilize the market, allowing the currency to continue its upward trend in the medium and long term."
Other cryptocurrencies also gained ground on Thanksgiving Day: Ether, the second-largest digital asset in the world, rose 4% to $3,620, Dogecoin rose 2.5% to around 40 cents, and Solana rose 2% to $235.93.
$BTC $WLD #Worldcoins
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$BTC Bitcoin reaches a new all-time high and surpasses 66,000 dollars.
$BTC Bitcoin has gained approximately 12% so far this week, marking its best weekly performance since October 2021, according to data from Bloomberg. Other tokens have also gained, with an index of the 100 largest coins adding more than 10%.
$BTC Bitcoin has gained approximately 12% so far this week, marking its best weekly performance since October 2021, according to data from Bloomberg. Other tokens have also gained, with an index of the 100 largest coins adding more than 10%.
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#AltcoinMomentum
Momentum is a technical indicator used in trading to predict price movements in the market, while altcoins are alternative cryptocurrencies to Bitcoin:
Momentum
It is an indicator that is calculated by comparing current and previous values, and is represented as a line that oscillates around a neutral value of 0. Its value can be positive or negative, and the further it moves away from 0, the clearer the overbought or oversold state in the market.
Altcoins
They are alternative cryptocurrencies to Bitcoin, the first cryptocurrency to appear. The term is also used to highlight that other cryptocurrencies are supported in addition to Bitcoin.
Altcoin season is a term that describes a period of time when altcoin prices tend to outperform Bitcoin.
Momentum is a technical indicator used in trading to predict price movements in the market, while altcoins are alternative cryptocurrencies to Bitcoin:
Momentum
It is an indicator that is calculated by comparing current and previous values, and is represented as a line that oscillates around a neutral value of 0. Its value can be positive or negative, and the further it moves away from 0, the clearer the overbought or oversold state in the market.
Altcoins
They are alternative cryptocurrencies to Bitcoin, the first cryptocurrency to appear. The term is also used to highlight that other cryptocurrencies are supported in addition to Bitcoin.
Altcoin season is a term that describes a period of time when altcoin prices tend to outperform Bitcoin.
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$ETH I just inherited a large sum of money and I'm going to invest it in ETH. Analyzing all the data, it will most likely go up
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$Go$Go$Go$Go$Go$Go$Go$Go$Go$G$Go$Go$$!$$$$$!)!)$$!$!$!$!$ the best!!!$
#ETHš„š„š„š„
šššš¶šø
$Go$Go$Go$Go$Go$Go$Go$Go$Go$G$Go$Go$$!$$$$$!)!)$$!$!$!$!$ the best!!!$
#ETHš„š„š„š„
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#MarketBuyOrHold?
According to forecasts, it will drop a little in a few months
But in the end, it will continue to rise
@/$:&.@&/&/@-&:&:@/@/&.&/@/&.&
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SkdkkskdksjsksldjjdkdlsjslsƱskaƱauekdpsjdkdoevskoqhwdnowuwbdlwhebslwisjdnslwubdnsiwhensoajebflseibdlsjwvxosjwbsoshdndidjdbfidysbdkfudbdjdjdisnhewlwoiwieurbspsbxkOn!:&2&:?:&/8236!392):&2729/!:93$;!/@
According to forecasts, it will drop a little in a few months
But in the end, it will continue to rise
@/$:&.@&/&/@-&:&:@/@/&.&/@/&.&
Aldkksjdlsjslsjdlsjslsjdkdls
Iajdksjdlsjdlsjslsjskslksjdkdls
SkdkkskdksjsksldjjdkdlsjslsƱskaƱauekdpsjdkdoevskoqhwdnowuwbdlwhebslwisjdnslwubdnsiwhensoajebflseibdlsjwvxosjwbsoshdndidjdbfidysbdkfudbdjdjdisnhewlwoiwieurbspsbxkOn!:&2&:?:&/8236!392):&2729/!:93$;!/@
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#MarketBuyOrHold? You may drop a little in your months but in the end it will rise a lot
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$BNB keeps rising and will rise more
They say that the advisable thing is to buy now because in the future it will rise too much
The truth is I am posting to gain pointsš
They say that the advisable thing is to buy now because in the future it will rise too much
The truth is I am posting to gain pointsš