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Bitcoin Price Action and Market Sentiment:
* Bitcoin (BTC) has been trading around $107,000 - $109,000 over the past 24 hours, with some reports showing it briefly topping $111,000 earlier this week. While experiencing some daily declines, analysts are closely watching the $107,000 support level. If it holds, a move towards $112,000 is considered viable, supported by long-term trend structures. However, a failure to maintain $107,000 could lead to deeper retracements.
* The global cryptocurrency market cap is slightly down by around 1.52% over the last day, sitting at approximately $3.36 trillion. (Source: Binance Square)
Broader Crypto Landscape:
* Ethereum (ETH) recently surpassed the $2,500 mark, currently trading around $2,502, despite a daily decline of about 2.09%. (Source: Binance Square) 0 reply
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