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#MarketRebound $ZEC ! 1. Liquidation Alert: $101K in shorts liquidated at $68.61, signaling bullish pressure. 2. Current Price: $ZEC trading at $68.15, up 13.85% in 24 hours.
The analysis of the Christmas market on Binance shows a mixed outlook for cryptocurrencies. Historically, the Christmas rally has boosted equity markets during the last week of December and the first two trading days of January, with the S&P 500 averaging a gain of 1.3% during this period ¹. However, this trend may not directly translate to cryptocurrencies.
The Bitcoin (BTC) market is currently trading at $97,643.14, reflecting a +0.55% daily change, as per the 4-hour chart from Binance. Here's a detailed breakdown of the situation and potential market scenarios:
About KAIA: Kaia is a high performance public blockchain that brings Web3 to the fingertips of hundreds of millions across Asia. Formed through the merger of the Klaytn and Finschia blockchains that were initially developed by Kakao and LINE respectively, Kaia is Asia’s largest Web3 ecosystem integrated with the Kakaotalk and LINE messengers that have a combined user base of over 250 million - all of whom can experience Web3 with the ease and speed of Web2 within their favourite messenger superapp to connect, create, collaborate, and contribute to the ecosystem.