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Senator Cynthia Lummis says that the United States has become the capital of Bitcoin and digital assets in the world and added that America has returned strongly $BTC
Bitcoin has collapsed to $84,713, wiping out gains from a recent peak of $90,000 as traders reacted sharply to former President Donald Trump's executive order regarding Bitcoin reserves. The market cap fell by 4.55% with all top ten cryptocurrencies including Ethereum, Solana, and XRP declining. The uncertainty surrounding this move led to profit-taking, especially after Bitcoin surged above $90,000 today. In recent hours, $101 million in long Bitcoin positions were liquidated, contributing to the disappearance of $245 million from cryptocurrency markets within 24 hours. Analysts warn of the potential for further volatility as the White House crypto summit approaches.
This question is being asked a lot these days, especially with the current market situation.
There is a viewpoint that Trump's economic decisions could weaken the dollar and cause inflation that forces the Federal Reserve to lower interest rates.
In this case, liquidity may shift to the stock markets and cryptocurrencies.
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I see that the cryptocurrency has indeed reached its bottom, and from these levels, it will launch to achieve a new historical peak above 20%
My expectation for alternative currencies is that we are at the bottom, and from next month to September Approximately about 6 months will all be green with consecutive rises until September, and the average rise for currencies is expected to be 20 times
📌 How do institutions and governments control the crypto market? 🤯💰
Digital currencies were born as a revolutionary idea aimed at liberating from the dominance of central banks, but today we find that the market is no longer immune to the control of major financial institutions and governments.
🪙 Coins That Have A Devaluation Today - February 21, 2025 🪙🔓
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Bitcoin price rises from $96973 to $98323 in the last hours
Bitcoin on the daily chart shows stability of the cycle between $96000 and $98000 after a 10.3% decline from the historical peak It remains with a critical resistance of $109356 and support at $89164 Holding above $96000 could indicate a short to medium-term uptrend while a decline below $94000 could cause a retest of $90000
Relative Strength Index (RSI) at 49 while the Moving Average Convergence Divergence (MACD) is bullish
The SMA is showing mixed signals and (EMA 10 20) indicates buying while EMA and (EMA 30, 50) indicate selling while the long-term EMA (100, 200) In a bullish state
Bulls 🐂🐂🐂🐂 Bitcoin's ability to hold above $96,000 with some signals supporting the recovery scenario A break above $98,800 on the 4-hour chart could lead to a rise to $102,000
Bears 🐻🐻🐻🐻 Failure to hold the $96,000 level where bears can control the trend A close below $94,000 could confirm a trend reversal with a target of $90,000
Bitcoin (BTC) continues its careful climb to $97,414 This represents a 1.17% increase over the past 24 hours and a 1.45% increase over the past week The cryptocurrency has been trading in the range of $94,112 to $97,552 over the past 24 hours reflecting a moderate daily boost despite the overall market slump
The 24-hour trading volume fell by 28.25% to $27.26 billion However, despite the small volume, Bitcoin’s total market cap rose by 1.22% to $1.93 trillion, which has bolstered its stability
On Wednesday, February 18, ETFs received an inflow of $19.02 million while Bitcoin ETFs recorded an inflow of $71.07 million Despite a $5.45 million outflow from Grayscale’s ETHE, Ethereum ETF completed the day in the black
4 days and investors still prefer Ethereum ETF over Bitcoin ETF in current market conditions
This contrasting movement between ETFs and Bitcoin ETFs underscores the changing trading patterns of ETF investors since the beginning of February. ETFs have seen 9 positive days versus just 2 negative days
Net ETF inflows in February were $480.84 million while net outflows for the same period were just $63.41 million
The acquisition of currencies I see that it has already reached a bottom and from these levels it will launch to achieve a new historical peak above 20%
My expectation for alternative currencies is that we are at the bottom and from next month until September
Approximately 6 months will be all green and a successive rise after each other until September and the average rise for currencies is expected to be 20 double
It is likely to be approved by the US Securities and Exchange Commission (SEC) this year and assigns each file a probability of approval. At the top of this list is the Litecoin ETF application, which Balchunas and Safeart attribute to a 90% probability of approval. In second place is Dogecoin with a 75% probability of approval, while the Solana and XRP applications have a 70% and 65% chance, respectively. Litecoin and Dogecoin are already classified as commodities, which explains why analysts assign their applications higher odds. The XRP file has the lowest probability of approval due to the current legal issues.