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Repost from Crypto Insights™
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💡The value of the "fear and greed" index in the crypto market has fallen to the values of January 2023 and is in the "fear" zone - 29 points out of 100. Yesterday, the index value was 44 points.
•Fear and greed are emotions that often influence investor behavior. Fear is accompanied by mass sales and panic in the market, while greed is accompanied by active buying of cryptocurrencies.
•In March, when the bitcoin rate reached its maximum, the index value was in the zone of "extreme" greed - 90 points.
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Repost from Crypto Learn Academy
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💡Crypto is recovering. Bitcoin is up 4% and is trading around $56,500, while etherium is around $3,000. Many alts from the top 100 are showing double-digit growth.
📈 Growth leaders are WIF +21%, AKT +20%, EGLD +18%, XMR +17%, DYDX +17%.
📉 No falling assets.
😨 Fear and Greed Index 26 is a fear zone bordering on an extreme fear zone.
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Repost from Crypto Love Academy
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😎ANALYSIS BTC/USDT
Bitcoin has recently declined following the breakdown of a symmetrical triangle pattern. It is currently trading above a key horizontal demand zone.
The next significant support level is around the $52,000 mark, where a potential bounce can be anticipated.
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Repost from Crypto Love Academy
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Current situation of Bitcoin
Hello, here's the most important news for this morning:
💸 The price of BTC has dropped below $59,000. As BTC lost a crucial support at the $60,000 level, the next support is around $57,000.
💥 The decline in price occurred due to the closure of leveraged long positions worth millions of dollars. Additionally, over the last three hours, one of the major BTC whales deposited an additional 1,800 BTC ($106 million) into Binance.
💥 Yesterday, net outflows from BTC spot ETFs amounted to -$20.5 million, while the day before saw outflows of -$13.7 million.
⚡️Bitwise has filed an updated S-1 application for an ETH ETF a few days before the deadline set for July 8, potentially launching the product on the market as early as next week, according to BBG analysts.
#news
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Repost from Crypto Learn Academy
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The global cryptocurrency market cap today is $2.09 Trillion, a -8.76% change in the last 24 hours.
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