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Bitcoin fluctuates near the 41500 level Ethereum fails to stan

Date:2024-07-10 18:15:50 Channel:Crypto Read:

In the digital currency market, Bitcoin and Ethereum have always played a pivotal role. Recently, the price of Bitcoin has been hovering around $41,500, while Ethereum has failed to stabilize at the level of $2,500. What kind of market logic and investment opportunities are hidden behind this fluctuation? Let's explore it in depth.

In the digital currency market, investment is always accompanied by risks and opportunities. As two major representatives, the price fluctuations of Bitcoin and Ethereum are not only affected by market factors, but also by global political and economic factors. Investors need to stay alert, keep an eye on market trends, and make wise decisions.

In addition to price fluctuations, the technological development of Bitcoin and Ethereum has also attracted much attention. Blockchain technology, as the foundation supporting digital currency, is constantly evolving and improving. As representatives of blockchain, the technological upgrades and innovations of Bitcoin and Ethereum are of great significance to the entire industry. In addition to paying attention to price trends, investors should also pay attention to the technical support behind them and look at the future of digital currency from a more comprehensive perspective.

In general, the price fluctuations of Bitcoin and Ethereum are the norm in the digital currency market. Investors need to remain calm and rational and not be affected by short-term fluctuations. In the field of digital currency, opportunities and challenges coexist. Only by constantly learning and understanding the market can we be invincible in the fierce competition. I hope that investors can seize every investment opportunity and achieve wealth appreciation and financial management goals.

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


Coin Circle (120BTc.COM) News: Bitcoin (BTC) fell to a low of $42,280 at midnight on Saturday (20), and then rebounded in a V-shape, fluctuating around $41,500 throughout the weekend.

It is now at $41,534 before press time, down 0.12% in the past 24 hours.

Open interest in Bitcoin options has fallen

According to Coinglass data, the total open interest in Bitcoin futures has fallen to 343,000 BTC (about $14.2 billion), and has continued to decline since the spot ETF was approved on January 11.

Ethereum failed to stand above $2,500

For Ethereum (ETH), the trend is basically similar to Bitcoin but the fluctuations are more intense. It has been fluctuating at the 2,480 level for two consecutive days. It is now at $2,455 before press time, down 0.16% in the past 24 hours.

The rise and fall of the top ten currencies

According to CoinMarkeCap data, the other top ten currencies, except for DOGE, have experienced large price fluctuations because the official account named "XPayments" was established on the X platform, which caused the community to discuss whether X is really about to usher in the payment function and is expected to introduce Dogecoin.

Other tokens have fluctuated within a narrow range of about 1% in the past 24 hours.

The amount of liquidation in the whole network in the past 24 hours

Under the almost stagnant trend of Bitcoin, according to Coinglass data, the amount of liquidation in the whole cryptocurrency network in the past 24 hours was relatively low, with a total of about 42.68 million US dollars.

Most of the liquidated currencies are also mainly altcoins, and BTC ranks third with only 3.9 million US dollars.

Bitcoin has always been regarded as the "gold" of digital currencies, and its price fluctuations have touched the hearts of investors around the world. When the price of Bitcoin fluctuated around $41,500, various voices emerged in the market. Some analysts believe that this fluctuation is the market looking for a new balance point, and some investors believe that this is the beginning of an investment opportunity. In any case, the price trend of Bitcoin is causing heated discussions and attention in the market.

As another major digital currency giant, Ethereum's performance has also attracted much attention. However, Ethereum has recently failed to stabilize at the level of $2,500, which has brought certain uncertainties to investors. Some analysts pointed out that Ethereum is facing the influence of multiple factors such as technology upgrades and market demand, and price fluctuations are inevitable. For investors, how to view the future of Ethereum requires more rational thinking and market insights.


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