CDXvsDEX101
74 views
5 Discussing
Hot
Latest
STAY UPTODATE WITH ME
dose Bitcoin get fall or rise 🤔
The crypto market is indeed experiencing significant downward pressure. According to the latest data, Bitcoin is currently trading at $103,951.20, down 0.77% in the last 24 hours, though it did drop to as low as $100,783 during today's trading session. This represents a continuation of the weekly decline you mentioned.
Ethereum has been hit harder, currently trading at $2,478.86, down 4.85% in the last 24 hours. This aligns with your observation of Ethereum tumbling to around $2,457, showing significant weakness compared to Bitcoin.
The broader crypto market capitalization has fallen from $4.1 trillion on June 5 to $3.29 trillion on June 6, representing a nearly 4% decline. This is slightly more severe than the 2% drop you mentioned.
This market downturn coincides with tensions between former President Trump and Elon Musk regarding the "One Big Beautiful Bill Act," which appears to be negatively impacting both Tesla shares and crypto investor sentiment.
Other major cryptocurrencies are also experiencing losses as part of this broader market correction. The current market sentiment appears to be cautious, with the Fear & Greed Index showing a score of 57 (Greed), suggesting that despite the recent pullback, there's still some optimism in the market.
Looking ahead, some analysts remain bullish for the longer term, with predictions suggesting Ethereum could potentially recover to the $2,800-$2,900 zone later this month if bullish momentum revives
#TradingTypes101 #CDXvsDEX101
$BTC
$ETH
dose Bitcoin get fall or rise 🤔
The crypto market is indeed experiencing significant downward pressure. According to the latest data, Bitcoin is currently trading at $103,951.20, down 0.77% in the last 24 hours, though it did drop to as low as $100,783 during today's trading session. This represents a continuation of the weekly decline you mentioned.
Ethereum has been hit harder, currently trading at $2,478.86, down 4.85% in the last 24 hours. This aligns with your observation of Ethereum tumbling to around $2,457, showing significant weakness compared to Bitcoin.
The broader crypto market capitalization has fallen from $4.1 trillion on June 5 to $3.29 trillion on June 6, representing a nearly 4% decline. This is slightly more severe than the 2% drop you mentioned.
This market downturn coincides with tensions between former President Trump and Elon Musk regarding the "One Big Beautiful Bill Act," which appears to be negatively impacting both Tesla shares and crypto investor sentiment.
Other major cryptocurrencies are also experiencing losses as part of this broader market correction. The current market sentiment appears to be cautious, with the Fear & Greed Index showing a score of 57 (Greed), suggesting that despite the recent pullback, there's still some optimism in the market.
Looking ahead, some analysts remain bullish for the longer term, with predictions suggesting Ethereum could potentially recover to the $2,800-$2,900 zone later this month if bullish momentum revives
#TradingTypes101 #CDXvsDEX101
$BTC
$ETH
#CEXvsDEX101 # CDX vs DEX 101
Centralized exchanges (CDXs) offer security, liquidity, and user-friendly interfaces but require trust in intermediaries. Decentralized exchanges (DEXs) prioritize autonomy, transparency, and direct peer-to-peer transactions, minimizing third-party control. CDXs ensure smooth fiat on-ramps and deep liquidity, making them ideal for beginners and high-volume traders. DEXs, powered by smart contracts, provide enhanced privacy and censorship resistance, appealing to those valuing decentralization. While CDXs simplify compliance and offer institutional-grade security, DEXs empower users with full custody over their assets. Choosing between them depends on your priorities: security and convenience vs. control and decentralization. #CryptoTrading #Blockchain #CDXvsDEX101
Centralized exchanges (CDXs) offer security, liquidity, and user-friendly interfaces but require trust in intermediaries. Decentralized exchanges (DEXs) prioritize autonomy, transparency, and direct peer-to-peer transactions, minimizing third-party control. CDXs ensure smooth fiat on-ramps and deep liquidity, making them ideal for beginners and high-volume traders. DEXs, powered by smart contracts, provide enhanced privacy and censorship resistance, appealing to those valuing decentralization. While CDXs simplify compliance and offer institutional-grade security, DEXs empower users with full custody over their assets. Choosing between them depends on your priorities: security and convenience vs. control and decentralization. #CryptoTrading #Blockchain #CDXvsDEX101
Login to explore more contents