#BTC/USDT. Good day!
Yesterday, the inflation data in the USA was released, and it decreased to 2.3%. This was a certain positive for the cryptocurrency market, as at one point the price of Bitcoin slightly fell short of $105,000 on large volumes of market buy orders. I mentioned the preparation for market growth yesterday, even before the inflation news was released. The main argument was the increase in limit support near the current price.
However, there was a much greater increase in altcoins, most of which grew by 10-30%. Ethereum, the second-largest cryptocurrency by market capitalization, rose by more than 10%. And all this growth occurred in the spot market, without the risks of futures trading. The thing is, the larger the coin by market capitalization, the harder it is for it to grow or fall, meaning it has lower volatility. Consequently, it is also harder for traders to earn on it, but the risks are also lower. Therefore, I recommend beginners to trade specifically in Bitcoin and Ethereum. Yesterday, even traders with little experience could easily earn up to 10% in one day from the amount in the deal without significant risks.
AT THE MOMENT, Bitcoin has formed a sideways movement at $101,000 - $105,000, between large limit buyers and sellers. After reaching the price of $105,000.