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Muhammad Ijaz Muhammad Shabbir
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Here's the latest on Bitcoin (BTC) as of Friday, May 2, 2025: 📈 Market Overview Current Price: $96,827 24h Change: +0.76% Intraday High: $97,360 Intraday Low: $95,925 Bitcoin's market capitalization is approximately $1.93 trillion, with a 24-hour trading volume of $53.71 billion. The circulating supply stands at 19.81 million BTC. $BTC
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🥇 Dogecoin (DOGE) Market Cap: Approx $63.87 billion Dogecoin is the original meme coin, featuring the iconic Shiba Inu dog. It has garnered significant attention, especially following endorsements from EM $DOGE
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🟠 Bitcoin (BTC): Short Squeeze and Market Resistance Bitcoin's recent rally, driven by a short squeeze, has seen its price surge above $97,000. This upward movement has faced resistance, and analysts are monitoring for potential breakouts or pullbacks. Despite the rally, market data indicates signs of profit-taking, suggesting a possible decline in the near term. In the past week, short positions on Bitcoin have increased, with $550 million worth of short positions liquidated during a recent spike to $93,000. This indicates a shift in market sentiment, with traders adjusting their positions in response to price movements. $BTC
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Ethereum (ETH): Surge in Short Positions Ethereum has seen a significant rise in short positions, with a 40% increase in just one week and a 500% surge since November 2024. This indicates growing bearish sentiment among traders, with hedge funds betting on a continued decline in Ethereum's price. Analysts warn that such a high concentration of short positions could lead to a short squeeze if the price moves against these positions. Despite institutional interest, including $2 billion in Ethereum ETF inflows in December 2024, Ethereum's price has struggled to gain momentum, underperforming compared to Bitcoin. Factors contributing to this include competition from alternative networks and a decline in NFT trading volumes. $ETH
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You can make serious money in the markets right now— but you can also lose just as much. Trade smart. Don’t force anything. Protect your capital. #trading #BitcoinWithTariffs
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