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Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced gains as market sentiment shifted from "Neutral" to "Greed," despite concerns over monetary easing following a strong jobs report. Bitcoin surged to $95,740, while Ethereum faced volatility, dropping from $3,700 to $3,000. Analysts highlight critical resistance levels for Bitcoin between $97,000 and $99,500, suggesting that breaking through could be pivotal for its price trajectory.
Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant sell-offs as economic data dampened rate cut expectations. Bitcoin fell to $96,200, while Ethereum dropped nearly 9% to $3,880, contributing to a $559 million liquidation in the crypto market.The global cryptocurrency market cap decreased by 5.29% to $3.39 trillion, mirroring declines in major stock indices. Analysts suggest that Bitcoin's support at $97,000 is crucial; a break below could lead to further declines, while a rebound may follow if support holds.
Leading cryptocurrencies Bitcoin and Ethereum remained stable as investors awaited key jobs data, with Bitcoin oscillating between $97,300 and $98,700, and Ethereum holding around $3,600. Analysts noted a potential bullish trend for Ethereum, targeting $6,000, while market sentiment indicated "Extreme Greed." The global cryptocurrency market capitalization stood at $3.49 trillion, with a slight drop of 0.31% in the last 24 hours.
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The cryptocurrency market faced significant declines, with Bitcoin dropping below $96,000 for the first time in over a month, while Ethereum and Dogecoin also retreated sharply. Over $1 billion was liquidated in the last 24 hours, primarily from long positions, as market sentiment weakened. Analysts warn that if Bitcoin fails to hold the $96,000 support, it could fall further to $90,000 and $85,000, signaling a potential corrective phase.
Leading cryptocurrencies remained subdued ahead of the Federal Reserve's interest rate decision, with Bitcoin dipping to $105,000 after reaching an all-time high of $108,000. Ethereum fell below $4,000, while total liquidations exceeded $316 million. Analysts suggest Bitcoin is in the early stages of a parabolic phase, historically lasting around 300 days, with current market sentiment reflecting "Extreme Greed."
CoinShares CEO Jean-Marie Mognetti expressed optimism about Bitcoin ETFs and other cryptocurrencies like Ethereum under President-elect Donald Trump, noting significant inflows into U.S. Bitcoin ETFs. He anticipates a positive regulatory environment that could enhance investment demand for digital assets. Mognetti's views align with Michael Saylor's call for a U.S. strategic Bitcoin reserve, highlighting a potential shift in U.S. policy towards cryptocurrencies.
Bitcoin reached a new all-time high of $106,370.44, with Ethereum and Dogecoin also experiencing significant gains as market sentiment shifted to "Extreme Greed." Total cryptocurrency liquidations exceeded $309 million, primarily from leveraged shorts, while analysts raised concerns about potential market tops, drawing parallels to previous sell-offs in 2017 and 2021. Investors are closely watching the upcoming Federal Open Market Committee meeting, anticipating a 0.25% interest rate cut.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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