📈 Overall market performance
Total market capitalization: Increased to $3.51 trillion, up 3.56% in 24 hours.
Daily trading volume: Jumped by 62% to reach $192.3 billion, reflecting strong market activity.
Fear and Greed Index: Records 73 (greed), indicating investor optimism.
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💰 Bitcoin (BTC)
Current price: Approximately $111,588, marking a new all-time high.
Catalysts:
Legislative progress in the United States to regulate stablecoins.
JP Morgan's announcement to allow clients to purchase Bitcoin.
Establishment of a 'strategic Bitcoin reserve' by the U.S. government.
Technical analysis:
Relative Strength Index (RSI) at 78, indicating an 'overbought' condition.
The 'golden cross' pattern supports the continuation of the upward trend.
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🌐 Alternative currencies (Altcoins)
Ethereum (ETH): Increased by 1.3% to $2,627.
Solana (SOL): Recorded an increase of 3.6%, with technical support at $162 and resistance at $172.
Cardano (ADA): Jumped by 4.5%, with expectations of strong future increases.
Dogecoin (DOGE): Increased by 4%, benefiting from overall market momentum.
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📊 Key technical indicators
Fear and Greed Index: At 70, indicating a state of 'greed' in the market.
Moving averages: Support the upward trend for most major currencies.
Relative Strength Index (RSI): Indicates the likelihood of short-term price corrections due to 'overbought' conditions in some assets.
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🔮 Future forecasts
Bitcoin: Some analysts expect the price to reach $118,000 if current levels are breached.
Alternative currencies: Candidates for additional gains, especially with increasing institutional adoption and positive regulatory developments.
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🧠 Tips for investors
Risk management: Due to high volatility, it is advisable to set stop-loss and take-profit points.
Regular follow-up: Monitor news and regulatory developments that may impact the market.
Portfolio diversification: Do not concentrate your investments in a single asset; diversification reduces risks.
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