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Crypto Buying Selling trend Analysis Bitcoin Trader Sees Prices Slumping to $60K as Crypto Bulls See $650M in Liquidations..... Crypto market capitalization dropped 7%, with major tokens like bitcoin, ether, and others falling sharply in the past 24 hours. The decline was triggered by higher-than-expected inflation data and profit-taking by some traders, with some analysts predicting further losses before a potential rebound. Crypto market capitalization dropped 7%, its sharpest fall this year, as bitcoin (BTC) plunged 8% in the past 24 hours to wipe weekly gains and kickstart a marketwide decline. Bitcoin slumped from Thursday’s high of $73,000 to as low as $65,800 early Friday before slightly recovering. Meanwhile, Coindesk 20, a broad-based index of most liquid cryptocurrencies, was down 8.25%. Ether (ETH), Cardano’s ADA, BNB Chain’s BNB and XRP showed similar losses, while volatile meme coins dogecoin (DOGE) and shiba inu (SHIB) fell 13%. Solana’s SOL tokens were the only major token in green, up 1% since Thursday. “New historical highs are a trigger for selling,” shared Alex Kuptsikevich, FxPro senior market analyst, in an email to CoinDesk. “Some players are taking profits, which raises the question of whether there will be enough hot buyers at current levels or whether the majority will prefer to wait for a deeper correction.” “In a corrective scenario, the $65.0-65.5K and $60.0-60.5K areas are of particular interest, as they contain important round levels (significant for retail) and the 76.4% and 61.8% Fibonacci retracement lines,” Kuptsikevich added. #HotTrends #BTC
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As for 2024, it is difficult to predict the specific developments in the crypto space that will occur by that time. However, based on current trends and advancements, the following possibilities can be considered: 1. Continued growth and adoption: Cryptocurrencies may become more mainstream and widely accepted as payment methods. More businesses, including major corporations, may start accepting cryptocurrencies as a form of payment. 2. Regulatory clarity: Governments around the world may introduce more comprehensive regulations for cryptocurrencies. This could provide greater clarity and legal framework for the industry, leading to increased institutional adoption. 3. Enhanced scalability and usability: With ongoing advancements in blockchain technology, scalability issues may be addressed, allowing for faster and cheaper transactions. This could drive greater usability, making cryptocurrencies more practical for everyday use. 4. Central bank digital currencies (CBDCs): Several countries are exploring the idea of issuing their own digital currencies. By 2024, some CBDC projects may have reached maturity and could have tangible impacts on the crypto landscape. 5. DeFi and decentralized applications (dApps): The decentralized finance (DeFi) sector has witnessed significant growth in recent years. By 2024, it is possible that DeFi platforms and dApps may become even more prevalent, disrupting traditional financial systems. 6. Increased privacy and anonymity: As concerns over privacy grow, advancements in privacy-focused cryptocurrencies and blockchain technologies may emerge. This could provide individuals with greater control over their personal information when engaging in crypto transactions. It is important to note that the crypto market is highly volatile and subject to rapid changes. Therefore, these predictions should be taken as speculative and may vary based on various factors such as market dynamics, technological innovations, and regulatory developments. #Write2Earn
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#Write2Earn #Write2Earn The PEPE price has increased since February, breaking out from horizontal and diagonal resistance levels. Has PEPE begun a new bullish trend that will take it to new highs, or is this just a relief rally? Let’s find out! PEPE Reclaims Resistance The technical analysis of the daily time frame shows that the PEPE price has fallen under a descending resistance trend line since December 2023. The downward movement led to a low of $0.00000086 on February 5, 2024. PEPE has increased since, reclaiming the $0.00000100 horizontal area. The price also broke out from a descending resistance trend line, reaching a high of $0.00000131 today. The daily Relative Strength Index (RSI) gives bullish signs. Market traders use the RSI as a momentum indicator to identify overbought or oversold conditions and to decide whether to accumulate or sell an asset. What Are Analysts Saying? Cryptocurrency traders and analysts on X positively view the future PEPE trend. #Write2Earn" #Write2Earn #pepelovers #pepe
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Some fundamental tips for beginners in crypto trading: Educate Yourself: Understand basic blockchain technology and research different cryptocurrencies. Knowledge is key to making informed decisions. Start Small: Begin with a small investment to minimize risks while you learn the ropes of trading. Diversify: Don't put all your funds into one cryptocurrency. Spread your investments across multiple assets to reduce risk. Use Reputable Exchanges: Choose well-established and secure exchanges for trading. Research their reputation, security features, and user reviews. Set Realistic Goals: Define your investment goals and risk tolerance. Set achievable targets and don't succumb to FOMO (Fear of Missing Out). Risk Management: Set stop-loss orders to limit potential losses. Don't invest more than you can afford to lose. Stay Informed: Keep up with market trends, news, and developments in the crypto space. Market sentiment can heavily influence prices. Long-Term Perspective: Cryptocurrency markets can be volatile. Consider a long-term strategy rather than attempting short-term gains. Wallet Security: Use hardware wallets or secure software wallets to store your cryptocurrencies. Enable two-factor authentication for added security. Emotional Discipline: Control emotions like fear and greed. Stick to your strategy and avoid impulsive decisions based on market fluctuations. Remember, crypto trading involves risks, and there are no guaranteed profits. Always do your own research before making investment decisions. #Write2Earn #TradeNTell #LearningOpportunity
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What is Pepe Coin? Pepe Coin ($PEPE) is a popular meme coin built on the Ethereum blockchain. Shortly after its public launch in April 2023, Pepe Coin became one of the most highly-traded crypto currencies. How Pepe Coin Works $PEPE has a maximum supply of 420,690,000,000 tokens. At the time of launch, 93.1% of the project’s tokens were in a liquidity pool, and the remaining 6.9% were allocated to a multi-signature wallet for future use. Pepe Coin was originally designed to use a deflationary mechanism that burns a small percentage of tokens with each transaction. This was intended to create scarcity and hopefully increase the value of remaining tokens over time. #PEPEmania #PEPE2.0
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