Bitcoin continue to dance between the support level of $32k and $40k as its resistance in the past 7 days. This bearish swing of Bitcoin was felt at every corner of the crypto market. As a result, several altcoins such as ETH, ADA, XRP, and DOT, to name some, suffered a decline rate from -5% to almost -20%.
Read CRYPTONEWSLAND onFor this reason, the people in the crypto community are wondering if we are already entering the crypto winter. This made crypto enthusiast beeple react in a tweet post:
However, some people remain bullish about Bitcoin despite its recent bearish performance. For example, the crypto analyst and investor il Capo Of $NOIA explains in a tweet post that Bitcoin will soon take off.
Regardless, this is not the first time that Bitcoin and other altcoins experience a market dip. Therefore, most of the crypto community is already prepared for a situation like this. In fact, some traders see this market dip as an opportunity to buy and set good trading positions.
In other news, Bitcoin volumes in Paypal exceed $300 million. With this, we can say that investors still keep their trust in cryptocurrencies despite its wild market swings.
#Binance Labs supports Magic Square's new #IDOplatform focusing on equitable #Web3 investment access.#MagicSquare
Q1 2024: #XRP spot trading volumes soared 40% to $865M, showcasing resilience amid ongoing SEC…
🚀 Tether's $1B Boost Propels Bitcoin to $73K! 📈 What's Driving the Surge? Find out…
#Ethereum's #VitalikButerin focuses on innovations like PeerDAS, Verkle Tree, & lowering MEV to enhance #blockchain…
🚀 Crypto Surge Alert! DOGE, XRP, and LINK lead the charge! Will DOGE hit $0.49?…
#ShibaInu warns: No official #SHIB airdrops exist. Scammers target users with fake offers. Verify links…