And so, $BTC was going down while $ETH showed the signs of s | Banana Yoghurt on Binance Square

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And so, $BTC was going down while $ETH showed the signs of some rise. Will this mean when we wake up tomorrow we will see the smaller altcoins going up?

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You can see now how $BTC influence the other coins. I woke up and just 10 min ago everything was red. I had -30$ on my account, and only $LINK was green. Now, bitcoin got bigger just in 0.21% at the moment of posting this, and I can see some coins started decreasing their negative prices. $AVAX was the first to show it. It means traders just woke up, and the market will be growing soon.

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Bitcoin has recently reached the 10th largest global currency by market capitalization, meaning its importance in the financial world. The market value now exceeds some major companies like Visa and JPMorgan Chase, showing the increasing interest in cryptocurrency as a store of value and investment asset. Bitcoin’s rise is supported by institutional interest, the approval of Bitcoin-related ETFs, and its deflationary design, which aligns well with growing concerns about fiat currency stability. Despite this achievement, Bitcoin still trails behind the world’s largest currencies, such as the US dollar and euro, and lags significantly behind gold. However, experts predict that a combination of factors, including potential spot ETF approvals and the upcoming Bitcoin halving, could further boost its value in 2024.

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$ETH showed such a nice result this week, trading above 3500$, seen as the harbinger of the future altseason. If it reaches 3600$ breakout, it may then go up to 6K$! According to the rainbow chart, etherium is now in a steady phase, which means it isn’t affected from the outside and keeps its position well. The future of it, however, depends on the ability to get over 4K$. If this happens, the most optimistic scenario for it to reach the price amidst 12-18K$. As you can see the chart is very promising, however, do not forget about the greenish part of the chart, which could also become true no matter how hard we try to not think about it.

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Hello, everyone 👋 The $BTC was showing a great progress yesterday, returning back to it’s position at 96K$. And the question is - when the altcoin season finally comes. Well, the experts have different opinions on that one. Ki Young Ju says that the large amount of investment money flows into bitcoin, which makes it hard for the altcoins to grow. The ETFs are not interested in altcoins, unlike the crypto exchange users. They most likely invest in bitcoin to save their money whereas regular users are the only ones, who can change the money flow into the right direction. This market is no more dependent on the bitcoin price, but needs a lot of funds from the outside to create a real altcoin rally. What are your thoughts about this year’s market?

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Hello, coin hodlers 👋 Are you prepared for 2025? Still believe $BTC will reach 100K$? Well, it’s actually possible, according to some experts (Ali Martinez and Ki Young Ju), who believe bitcoin could reach a milestone, but with the corrections up to 85K$. Along with these two, what’s gonna happen to $SOL ? Lately, it showed an excellent performance, overcoming the 200$ price. Knowing how bitcoin could influence other cryptocurrencies, is there a risk for those, who hold solana for better times? The statistics shows that there’s no potential risk. As well as bitcoin, solana will face some corrections, falling up to 205$. Despite this, solana is moving quite confidently amongst the others, keeping its price steady for a long time. And for today’s market, be patient, keep trading and stay calm 😌

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