These price changes reflect the volatility characteristic of the crypto market, where fluctuations can occur over short periods of time.
Bitcoin records a slight drop, but struggles to stay at $30,000
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the market of cryptocurrencies experienced a slight decrease in prices, with Bitcoin (BTC) leading the downtrend by falling 0.5% in the last 24 hours. The main cryptocurrency It pierced the resistance of US$30,000 and is trading at US$29,955.56breaking the barrier for the first time since June 30.
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Said fall led the market capitalization of BTC below $585,000 million, while their dominance over altcoins rose slightly to the 48.6%.
On the other hand, ethereum (ETH) also records a decrease in valuefalling 0.7% to reachr the US$1,908.44. However, XRP shows a positive trend by increasing 2.2% and trading at US$0.75. On the other hand, Cardano (ADA) reports a drop in 2.9% until reaching u$s0.30.
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These price changes reflect the characteristic volatility of the crypto market, where fluctuations can occur in short periods of time. Investors and enthusiasts of this market will be attentive to the next trends to evaluate new opportunities and make the right decisions.
Bitcoin Price Prediction:
The price of BTC experience a slight drop this wednesday. Nevertheless, Bitcoin remains strong above the crucial level of $30,000.
Regarding the prediction of the price of Bitcoin for this day, The $29,500 level is seen to act as critical supportwhile the $30,000 level has significance major psychological. If Bitcoin stays within the $30,200 to $29,550 range, significant price movements may be limited.
However, if there is a break above $30,200target levels are likely to be around the $30,900 or even $31,500. On the other hand, a bearish break below $29,500 could take the price Bitcoin towards the $29,000 level.
Source: Ambito
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