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Naveed 362112
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Good year. a lot of learning is start and go on the advance level
Binance Square Official
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How was your year in Crypto? Explore your 2024 With Binance and share your results on Square with the hashtag #2024WithBinance to earn Binance points!
Don’t forget to head to the Creator Center > Check-In to claim your points after you’ve posted.
Campaign period: 3 December to 10 December 0600 UTC.
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Naveed 362112
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03477995859
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$BTC As of January 11, 2025, Bitcoin (BTC) is trading at approximately $94,790, reflecting a 2.54% increase from the previous close. Recent developments have influenced Bitcoin's market dynamics: Market Volatility: Bitcoin's price has recently fluctuated, reaching a record high of $110,000 before declining by 4.7% over the past five days. Analysts suggest that if Bitcoin breaches the $92,000 support level, it may drop to $90,000. Rising U.S. Treasury yields have pressured risk assets, including cryptocurrencies. Economic Indicators: Stronger-than-expected economic data has driven up Treasury yields, raising investor concerns about potential delays in Federal Reserve interest rate cuts. This has contributed to Bitcoin's recent price retreat from its highs. Institutional Investment: In 2024, Bitcoin's price rose by 121%, crossing the $100,000 mark for the first time. Despite these gains, top crypto hedge funds struggled to match Bitcoin's performance, with Brevan Howard's Digital unit seeing a 51.3% return and Reflexive Capital achieving a 106% return. Regulatory Environment: The reelection of President Donald Trump, who has promised a supportive stance for the digital asset industry and plans for a national Bitcoin reserve, has added to market optimism. Investors should monitor key support and resistance levels, as well as macroeconomic factors, to navigate the current Bitcoin market landscape. #BTC🔥🔥🔥🔥🔥
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