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One of the most controversial investment instruments of recent years cryptocurrencies, has been on everyone’s lips lately. The main reason for this is that the market is generally
One of the most controversial investment instruments of recent years cryptocurrencies, has been on everyone’s lips lately. The main reason for this is that the market is generally in an uptrend. Bitcoin (BTC), the number one cryptocurrency, record levels The fact that it’s floating around the coast is starting to excite consumers who have already invested.
Now with you, in the cryptocurrency markets final situation We will make a general overview. It is also very important for individuals who are considering becoming an investor. we will get warnings. Without further ado, if you wish, let us continue with the subject.
*Source: TradingView
The chart above shows the price chart of BTC since the first day it was added to Binance. The most so far 69,044.77 BTC, which can see the dollar level, is now at the level of 66 thousand 450 dollars. However, BTC has also tested the $67,000 levels many times.
All this means a new all-time high for Bitcoin. can be viewed at any time resources. If this happens, BTC ATH (all time high) will be renewed after 2021.
Current situation in the top 10 cryptocurrencies:
*Source: Coinmarketcap
Looking at the Coinmarketcap data, we see the 10 crypto assets with the highest volume on the market. in everything We see that there is an increasing trend. If we don’t count stable coins; The price of Ethereum (ETH) has risen by 4.40 percent in the past 24 hours. The price of Binance Coin (BNB) fell 1 percent and Solana (SOL) fell 2.42 percent. While Ripple (XRP) continues to trade at $0.64, Cardano (ADA) is at $0.76 with a decline of 3.61 percent. Both XRP and ADA, in the past week There were very serious increases.
Cryptocurrency markets have been around for a long timememe coinDogecoin (DOGE) and Shiba Inu (SHIB), known as the most popular of these altcoins that don’t have much use but are loved by investors, are up 90 percent and 10 percent respectively in the past week. 280 percent increased. SHIB has increased by 47 percent in the last 24 hours.
Cryptocurrency markets are what history has seen most volatile can be considered as investment instruments. The BTC price, which is currently in an uptrend, can make a huge drop in just 1 hour. Therefore, it is very important that you thoroughly understand all the risks before becoming a cryptocurrency investor. And whatever happens, with hearsay information Do not invest in cryptocurrencies. Because this market housed huge profiteers.
If you plan to invest in cryptocurrency markets, set a budget that you can afford. Don’t wait, don’t wait Do not enter this market with borrowed money. Because cryptocurrency markets can experience both very sharp rises and very sharp falls. Before, because he lost all his belongings who took his life There have been many cryptocurrency investors. Try to protect yourself from such risks.
Finally; If you are new to this market or do not have enough knowledge from leveraged transactions Let’s emphasize that you should stay away. Because leveraged transactions carry much greater risks than spot trading transactions. Yes, the short-term profit margin may be higher on such trades, but your entire balance, Can be reset in seconds. Please try to invest by considering all these things.
*This content should not be considered investment advice.
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Source: Web Tekno
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.
