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$116246 and last week my thoughts
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The crypto market is facing intense Market Turbulence today, with Bitcoin dropping to about $119,186, a 2% daily fall and nearly 5% off its recent record high of $124,480. Ethereum is down 1.4%, Solana 3%, and XRP 3.2%, showing weakness across major assets. Analysts attribute the pullback to hotter-than-expected U.S. inflation data, which has lowered expectations for a September interest rate cut, prompting a risk-off shift. On Binance, the turbulence was magnified by over $1 billion in leveraged liquidations, forcing rapid sell-offs. Despite this sharp correction, Bitcoin remains above its 200-week moving average, suggesting that the long-term bullish trend may still be intact. Traders are now watching closely for key support levels and potential bounce points that could spark the next recovery wave. #MarketTurbulence $ETH $BNB $XRP
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