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Bitcoin price is currently around $106,564 USD, down about -2.87% compared to the previous day.
The crypto market is in a sideways or slightly decreasing state, the reasons come from:
Strong selling by the group of "whales" (whales): there are reports that about $600 million USD of BTC has been booked or transferred.
AI and DeFi related tokens are under strong selling pressure - for example, the AI crypto sector is down ~4.8% in 24 hours.
Important technical support: the ~$107K - $108K zone is being tested by BTC but has not clearly broken out.
#btc #Binance #Tyler #tylergroup
The crypto market is in a sideways or slightly decreasing state, the reasons come from:
Strong selling by the group of "whales" (whales): there are reports that about $600 million USD of BTC has been booked or transferred.
AI and DeFi related tokens are under strong selling pressure - for example, the AI crypto sector is down ~4.8% in 24 hours.
Important technical support: the ~$107K - $108K zone is being tested by BTC but has not clearly broken out.
#btc #Binance #Tyler #tylergroup
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