Signs of Recovery in Bitcoin and Altcoins

Bitcoin (BTC) withdrew after reaching $67,000 with a 5% increase in the last 24 hours, upsetting investors. This recovery created a general sense of optimism in the cryptocurrency market. Increase in Ethereum and Other Altcoins Ethereum (ETH) rose by 7.5% to $3,527, while Solana (SOL) showed a significant increase near the $200 level. Meme tokens Shiba Inu (SHIB) and Dogecoin (DOGE) also stood out with upward trends. Bitcoin’s approach to its all-time highs and then retracement to $60,000 affected investors. Negative net outflows in the ETF market also led to a stagnation in the market. Downtrend Continues in Bitcoin ETFs According to SoSoValue data, a total of -261.65 million dollar net outflows were observed in Bitcoin ETFs, especially Grayscale experienced significant losses. However, this situation may be a cause for concern for investors. Bitcoin crossing above $67,000 led to the rise of many altcoins in the market. Bitcoin positioning above […]

Signs of Recovery in Bitcoin and Altcoins

Bitcoin (BTC) withdrew after reaching $67,000 with a 5% increase in the last 24 hours, upsetting investors. This recovery created a general sense of optimism in the cryptocurrency market.

Increase in Ethereum and Other Altcoins

Ethereum (ETH) rose by 7.5% to $3,527, while Solana (SOL) showed a significant increase near the $200 level. Meme tokens Shiba Inu (SHIB) and Dogecoin (DOGE) also stood out with upward trends.

Bitcoin’s approach to its all-time highs and then retracement to $60,000 affected investors. Negative net outflows in the ETF market also led to a stagnation in the market.

Downtrend Continues in Bitcoin ETFs

According to SoSoValue data, a total of -261.65 million dollar net outflows were observed in Bitcoin ETFs, especially Grayscale experienced significant losses. However, this situation may be a cause for concern for investors.

Bitcoin crossing above $67,000 led to the rise of many altcoins in the market. Bitcoin positioning above important moving averages gave hope for gains above $70,000. However, movements in RSI and trend lines should be closely monitored.

A potential weakness in the 50-day EMA is expected to lead Bitcoin to search for a new support level. In the event of a downturn, the 20-day EMA, 200-day EMA, and continuous trend line are seen as potential support areas. The MACD indicator also gives bullish signals.

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how to buy crypto?
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
    $69,817.00-0.92%
  • ethereumEthereum(ETH)
    $3,726.49-1.34%
  • tetherTether(USDT)
    $1.000.04%
  • binancecoinBNB(BNB)
    $617.07-0.06%
  • solanaSolana(SOL)
    $180.811.55%
  • staked-etherLido Staked Ether(STETH)
    $3,719.43-1.79%
  • usd-coinUSDC(USDC)
    $1.000.07%
  • rippleXRP(XRP)
    $0.53-2.98%
  • dogecoinDogecoin(DOGE)
    $0.165106-3.24%
  • the-open-networkToncoin(TON)
    $6.33-1.34%
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