Is it time to sell bitcoin?
According to the Iran Economist and quoted by Bitcoin News, the tendency towards Bitcoin has improved in the last two weeks after seeing several signs of increasing its value. A Russian minister also said that the country could probably accept bitcoin for its energy shipments because it faces increasing restrictions from the West.
The big Wall Street banks have turned more to corporate digital currencies, but reports suggest that oil and gas giant ExxonMobil is considering using extra energy to extract digital currencies.
The strong performance of Bitcoin can be profitable, but resistance is expected in the short term. Data from the Glassnode blockchain research platform shows that the next major resistance level for this token is $ 45,900 (actual price for short-term holders). In particular, this is the level at which short-term holders must sell their assets at that time to offset even the most recent losses. Currently, Bitcoin still trades around 30% of its highest record in November.
According to the platform, the short-term holder is an institution that has held bitcoins for less than 155 days or nearly 6 months. Frequent trades make them the main cause of short-term fluctuations.
It is worth noting that the markets are waiting for the closure of these digital cryptocurrencies at more than $ 45,000.
The total global market value of digital currencies is currently estimated at $ 2.02 trillion, up 1.71% from the previous day.
Bitcoin currently holds 42.02% of the total digital currency market. Bitcoin was created 12 years ago by an anonymous group of traders on the blockchain platform, and its first trades were formed in 2009.
The total volume of the digital currency market in the last 24 hours is $ 61.36 billion, which has decreased by 29.86%. The total volume of decentralized finance is currently $ 9.00 billion, which is 14.66% of the total 24-hour volume of the digital currency market. The volume of all stable coins is now $ 47.19 billion, which is 76.90% of the total 24-hour volume of the digital currency market.
Digital currency price update (until 7:30 am Eastern time)
This category contains the price changes of 10 major digital currencies in terms of market value.
1- Bitcoin
Price: $ 44,719.11
Price changes in the last 24 hours: 0.98% increase
Recent week price changes: 6.83% increase
2- Atrium
Price: $ 3,155.63
Price changes in the last 24 hours: 1.74% increase
Recent week price changes: 8.01% increase
3- Bainance Quinn
Price: $ 417.44
Price changes in the last 24 hours: 2.18% increase
Recent week price changes: 5.40% increase
۴- تتر
Price: $ 1.00
Price changes in the last 24 hours: 0.01% increase
Recent week price changes: 0.02% decrease
5- Solana
Price: $ 102.27
Price changes in the last 24 hours: 4.06% increase
Recent week price changes: 12.67% increase
6- Cardano
Price: $ 1.15
Price changes in the last 24 hours: 4.78% increase
Recent week price changes: 28.92% increase
7- Ripple
Price: $ 0.8379
Price changes in the last 24 hours: 1.47% decrease
Recent week price changes: 2.92% increase
8- Polka Dutt
Price: $ 21.05
Price changes in the last 24 hours: 3.57% increase
Recent week price changes: 9.71% increase
9 – USQ Quinn
Price: $ 1.00
Price changes in the last 24 hours: 0.03% increase
Recent week price changes: 0.02% increase
10- Dodge Quinn
Price: $ 0.1373
Price changes in the last 24 hours: 4.89% increase
Recent week price changes: 12.31% increase
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