This is the reason for the volatility of the crypto market and the current decline
Happy new Crypto
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📉💥 The reason for the recent declines on the Binance platform… and the news that shook the crypto market 💥📉
In recent days, shocking news spread about a $40 billion fraud committed by a cryptocurrency mogul, who pleaded guilty to the collapse of the 'Teralabs' platform, facing multiple charges that could put him behind bars for decades.
⚠️ This event caused a widespread wave of fear and selling in the market, leading to a drop in cryptocurrency prices across most platforms, including Binance.
💡 But the truth is that this crisis is linked to a specific incident, and once its repercussions are resolved and trust is restored, the market will likely rebound again, perhaps even stronger.
⏳ History always proves that crypto bounces back after every shake… the question is: will you be ready for the next rise?
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*Bitcoin (BTC) Recommendations* The current price of Bitcoin is $94,836.99, with an increase of 0.71% from the previous price. Bitcoin is expected to remain volatile, and may rise to levels of $98,500 or $102,000 if it firmly breaks the level of $94,700. Conversely, if it breaks the critical support at $93,600, it may retreat to areas of $85,000 or $74,600.
*Trading Recommendations* - *Buy*: Provided it firmly breaks the level of $94,700, with reinforcement after each confirmation. - *Stop Loss*: Below $93,400 to protect capital. - *Sell*: Cautiously only with a clear break of the level of $93,600,
*Analysis and Forecasts* - *Daily Forecast*: Bitcoin is expected to bounce from the resistance area of $96,000 down towards the support area of $89,000. - *Expected Scenario*: Strong rise towards $98,500 or $102,000 if Bitcoin breaks the level of $94,700, or retreat to areas of $85,000 or $74,600 if it breaks the critical support of $93,600.
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Charles Hoskinson, the founder of the Cardano blockchain and a veteran in the cryptocurrency industry, stated in comments to CNBC that Bitcoin could reach $250,000 as early as this year, especially with tech giants like Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) entering the cryptocurrency space.
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The Bitcoin currency recorded a noticeable improvement over the past few days, as its price surpassed $84,000, the highest level it has reached in about a week.
This improvement came after a period of fluctuations, as the price of the currency had dropped to just over $74,000, the lowest level in five months, representing a loss of nearly $14,000.
The crypto market partially recovered thanks to a decrease in trade tensions, except for China, in addition to the release of positive data for the U.S. Consumer Price Index for March, which helped boost confidence and raise prices.
As a result, the market capitalization of Bitcoin reached approximately $1.660 trillion, with a dominance of 60.5% over the rest of the market.
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Alternative cryptocurrencies have outperformed Bitcoin amidst a broad wave of rising markets, as indications of more precise US tariffs have contributed to reduced demand for safe-haven assets.
The Solana coin, favored by meme coin issuers, increased by up to 11%, while Dogecoin recorded a rise of about 8%, and Avalanche rose by approximately 8%.
As for Bitcoin, it climbed by 4.3% to reach $88,786, its highest level in nearly two weeks. Typically, alternative cryptocurrencies achieve larger gains than Bitcoin during periods of increased risk appetite, but they are conversely more susceptible to sharp fluctuations and losses during downturns.
According to data from CoinGecko, the Pi currency is trading today, Tuesday, March 25, 2025, at a price of $0.919321, recording a decrease of 5.0% compared to the previous day.
Financial markets have witnessed a state of optimism, based on reports indicating that the next round of tariffs that U.S. President Donald Trump intends to impose on April 2 may be less severe than initially expected.
Bitcoin, the largest digital asset by market capitalization, traded at $86,500, up 2.7% over the past 24 hours, while Solana rose nearly 6% to $138.
XRP, which focuses on payments, also increased by 2.5% to $2.44, surpassing its 50-day simple moving average after two consecutive weeks of gains.
In the futures markets, contracts linked to the S&P 500, Dow Jones, and Nasdaq rose more than 0.5% during the day, while the VIX volatility index, known as the fear index on Wall Street, dropped 2.5% to 18.88 points. In China, the markets recovered their early losses.
Update #ADAUSDT The ADA pair has successfully broken through the resistance trend line of the symmetrical triangle pattern, indicating a potential upward direction. This breakout was accompanied by an increase in trading volume, which reinforces the validity of this move and indicates increasing buying pressure. A successful retest of the breakout level suggests that the previous resistance has now turned into support. If ADA holds above this level, it will provide strong confirmation of the continued upward momentum, potentially leading to a rise towards the next major resistance area around $0.80. Traders should monitor price action closely, as any sustained movement below the breakout level may indicate a false breakout and a potential pullback. However, as long as ADA remains above the retest area, the bullish outlook remains intact, and buyers are likely to push the price higher.