Bitcoin is reaching new heights: what's happening in the crypto market today?
Friends, hold on tight — the crypto market is surprising us again! Bitcoin ($BTC ) has soared to $93,331.99 today, showing a growth of 0.71% over the last 24 hours, as seen on the Binance chart. The trading volume over the past 24 hours reached $94,477.74 million, and the RSI (66.05) indicates possible overbought conditions. But what's behind the scenes of this rally?
The political arena is heating up: a new bill on cryptocurrency regulation is being discussed in the U.S., which could tighten control over exchanges. This has caused mixed feelings among investors. Meanwhile, in China, pressure on mining continues — new restrictions could affect the network's hash rate. In Europe, the ECB hinted at a possible rate cut, which could spark interest in riskier assets, including crypto.
My recommendations? The market is currently at a peak, and although the bullish trend is strong, the RSI suggests a possible correction. If you're already in a position, consider locking in some profits. For newcomers, I advise waiting for a pullback — $90,000 could be a good entry point. Keep an eye on the news, especially from the U.S., and don't succumb to emotions!
What do you think? Share your thoughts in the comments!
