🚨 Market Update: Bitcoin and Solana in Focus! 🚨
Analysis of #Bitcoin (October 24, 2024): Bitcoin recently tested the $68,000 resistance, reaching a high of $67,988, but still faces challenges in breaking this level. However, expectations are that BTC will overcome this resistance in the next hours, with the next target set at $70,000. Be cautious, as a potential pullback to $7,000 could occur before a stronger move upward. 📈
Among altcoins, #Solana is gaining momentum over #Ethereum in the Web 3 space. With its lower latency and greater flexibility, Solana is attracting many developers and could account for 40% of development activity by the end of the cycle. The network already hosts many popular dApps and has seen a significant increase in Layer 2 solutions. 🔥
On the geopolitical front, President Putin declared that the US dollar is a "geopolitical weapon," and the BRICS countries are working on a new payment system to reduce reliance on the dollar. This shift could have a long-term impact on the crypto market. 🌍
👉 Note: Avoid buying during the correction and be prepared for volatility!
Share your expectations for the crypto market in the comments below! 💬🔮
#BTC #Solana #ETH #Cryptocurrencies #MarketAnalysis #Web3 #Geopolitics #BinanceSquare
