Bitcoin

<ul><li>Bitcoin&#39;s spot ETF trading volume surges to 40% of centralized exchange levels, marking a milestone in the integration of traditional finance with crypto.</li><li>Ali highlights key support at $51,700 and resistance at $52,515 on Bitcoin&#39;s 10-minute chart, indicating crucial levels for short-term price action.</li><li>Amidst a 0.87% decline in the last 24 hours, Bitcoin witnessed a 3.87% surge in the past week, with a staggering $21.7 billion in 24-hour trading volume</li></ul>In a recent revelation by esteemed on-chain analyst Ki Young Ju, <a href="https://cryptotale.org/bitcoin-spot-etf-launch-triggers-market-volatility-a-deep-dive-analysis/" rel="noopener noreferrer nofollow">Bitcoin&#39;s spot ETF</a> trading volume has surged, reaching an impressive 40% of levels seen on centralized exchanges. This development marks a significant milestone in the integration of traditional financial instruments with the world of cryptocurrencies.The analyst shed light on the increasing interest and participation of institutional investors in the Bitcoin market through ETFs. The surge in trading volume on these platforms underscores growing confidence in Bitcoin&#39;s potential as a store of value and investment asset.Meanwhile, another prominent figure in the crypto space, analyst Ali, has offered his perspective on Bitcoin&#39;s short-term price action. According to Ali&#39;s recent X post, the TD Sequential indicator on Bitcoin&#39;s 10-minute chart highlights key support and resistance levels.Ali notes that the support trendline, as indicated by the TD Sequential, is currently situated at $51,700, while the resistance trendline stands at $52,515. These levels serve as crucial markers for assessing Bitcoin&#39;s near-term price movements.Read full article at <a href="https://cryptotale.org/bitcoin-etf-trading-reaches-40-of-centralized-exchange-levels/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Bitcoin ETF Trading Reaches 40% of Centralized Exchange Levels

CryptoTale

2024년 2월 20일에 게재된 다른 기사

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