Dear Readers,
Ofcourse, all of us know that BTC is the very first crypto projects with multi-utility benefits in the blockchain eco system.
This was based on a free-market ideology BTC was invented in the year 2008 by an unknown named - Satoshi Nakamoto. The use of BTC as a currency began in the year 2009.
Even though various crypto projects have been emerged to fill the gaps, BTC stands tall and it attracts majority of the investors.
The BTC ETF approval was a major milestone not only for BTC but also for all the crypto projects to attract major institutional and individual investors to participate with more confidence and easy way with a regulatory control.
At present, the global crypto market is valued at 3.57 Trillion USD.
BTC is currently trading at $ 95871 which is a slightly upward of 0.36% from yesterday.
The BTC dominance is at 53.33% in the crypto market cap.
Everyone is eagerly waiting BTC to cross the 100K USD milestone ever since it touched the All Time High Price of 99655 on November 23, 2024.
Now BTC is a consolidation stage, trading in the range of >90k<98K.
It is expected that BTC will go down before taking a big upward movement.
At the present stage, BTC is having a strong support in 90K range.
The datas from the leading and trusted provider of on-chain and market data analytics for institutions and professional cryptocurrency investors- The Cryptoquant reported that around 19487 BTC were outflowed with 2 significant moves from the noted cryptocurrency exchange, Coinbase in the past 24 hours with an average price for $ 96043 which is valued approximately to $ 1.87 billion.
This is possible with the active participation of institution players and the whales.
This will help them to re-take their positions in BTC for the next major move to buy at the lower price again.
As a investor and trader, besides the technicals we also should gather information on the major coins to prepare ourselves to take/re-take our positions towards good profits.
Also the BTC dominance is coming down, have a look at the alt coins for the expected pump.
Make a close watch on these developments and have a great profit!
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