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Cryptocurrency is a digital or virtual form of money that uses cryptography for security. Unlike traditional currencies such as the US Dollar or Bangladeshi Taka, cryptocurrencies are decentralized and not controlled by any central bank or government.
The first and most well-known cryptocurrency is Bitcoin, introduced in 2009 by an anonymous person or group known as Satoshi Nakamoto. Since then, thousands of other cryptocurrencies have been created, such as Ethereum, Binance Coin, Solana, and Cardano.
Key Features of Cryptocurrency:
Decentralized: Most cryptocurrencies operate on blockchain technology, which is a distributed ledger system across many computers.
Secure: Transactions are encrypted and often irreversible, making fraud very difficult.
Transparent: All transactions are recorded on a public ledger, which anyone can view.
Limited Supply: Many cryptocurrencies have a fixed supply, making them scarce and potentially valuable over time.
Why Do People Use Cryptocurrency?
For online payments
As an investment
For faster and cheaper international transactions
To store value away from inflation in some countries
Risks Involved:
High price volatility
Risk of hacking or losing private keys
Lack of regulation in some countries
Potential use in illegal activities
In conclusion, cryptocurrency is shaping the future of finance. While it offers many benefits, it also comes with risks. So, it’s important to learn, research, and invest carefully.
🔍 Why Bitcoin at $108K Is the Most Important News Today
1. Bitcoin Dominates the Market
Bitcoin (BTC) accounts for the largest portion of the crypto market capitalization—over 50% of the entire market value. This means when Bitcoin moves, it often pulls the rest of the market with it—up or down.
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2. Current Price Zone is Technically Critical
Price Level: ~$107,168
Resistance Zone: $108,000–$109,000
Trend Structure: Ascending channel (bullish bias)
Support Level: ~$106,000
Bitcoin is now approaching a major resistance zone. This zone has been tested several times but not convincingly broken. If BTC breaks above this range and holds, it could:
✅ Trigger a new bullish wave toward $110K–$115K ❌ Or, if it gets rejected, initiate a pullback toward $104K–$106K
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3. Volume & Volatility Factors
Trading volume is still strong (~$44 billion in 24h)
Price is consolidating in a tight range—typically a sign of pre-breakout tension
This situation resembles a spring being compressed: the longer BTC trades sideways under resistance, the stronger the move could be when it breaks—either up or down.
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4. Institutional & ETF Flow Impact
Bitcoin ETFs (like BlackRock’s and Fidelity’s) continue to receive inflows, which is providing real-world demand pressure on the price. Institutional investors typically react to technical breakout zones like this, making the $108K level even more important.
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5. Market Sentiment & Next Move
Sentiment is neutral to slightly bullish, meaning traders are waiting for confirmation of the next trend.
If BTC breaks $108K with volume, it could lead the entire crypto market higher—Ethereum, Solana, XRP, and others could follow.
Trading around $107,168, down ~0.4% in the past 24 hours, with a $43.9 billion trading volume .
Bulls reclaimed ground after dipping to $99.5K, but now face resistance in the $108K–$109K range .
Market is within an ascending channel, nearing its median line—suggesting indecision between breakout and pullback .
• Ethereum (ETH):
Slight dip of about 0.13%, trading near $2,419 .
• XRP:
Hovering at $2.09, down around 0.5%, with support popular around $2.08 and resistance near $2.14. Technicals show a bearish bias in a symmetrical triangle .
• Altcoins:
Aptos (APT) surged +28% this week, battling resistance at $5.06; failure to hold support at $4.79 could trigger a drop .
Cheems and Sei also made moves: Cheems up ~7% (bullish MACD); Sei +14%, targeting $0.30–$0.35 .
• Market Cap & Sentiment:
Total crypto market cap rose to $3.18 trillion, a weekly increase of about **2.7%