RAKESH KUMAR
@rakeshyt
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Market Overview and Price Action:
* Bitcoin (BTC) has seen a slight correction today, hovering around $108,000 - $109,000 after an earlier high near $110,422. Despite this dip, the overall sentiment remains bullish, largely driven by strong institutional accumulation through ETFs. Bitcoin has now recorded eight consecutive days of ETF inflows, a significant bullish signal. Its market cap stands at $2.20 trillion, though daily trading volume has seen a slight reduction.
* Ethereum (ETH) is holding steady around $2,550 - $2,600, with analysts eyeing a potential breakout towards $3,000. It has shown a bullish rebound from lower levels and technical setups suggest continued upside, particularly if it holds above the $2,538 level.
* Altcoins generally saw minor losses today, following Bitcoin's slight correction. However, some individual altcoins like PancakeSwap (CAKE) experienced significant gains (nearly 12%), while others like SPX6900 (SPX) saw notable dips. 0 reply
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