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Bitcoin: The Rise of Digital Gold and Its Turbulent Dynamics
However, in the past 24 hours, the Bitcoin market has experienced dramatic changes. The price once plummeted below the $100,000 mark, declining by over 2% within 24 hours, with trading volume skyrocketing to $106 billion, triggering an 'extreme fear' sentiment (the Fear and Greed Index fell to 15). The Federal Reserve's interest rate warnings and leveraged liquidations served as the fuse, leading long-term holders to sell 400,000 BTC, wiping out $1 trillion in market value. Experts say this is a bear market signal, with a downside target possibly reaching $85,000, but ETF fund inflows and macroeconomic recovery may help it rebound to $114,000. The short-term outlook is neutral to bearish, with an RSI indicator of 37.29 suggesting oversold opportunities. Investors should be wary of volatility; the HODL spirit may become key. Bitcoin is not just an asset, but a revolutionary force reshaping global currency, potentially soaring to $300,000 in the future, which is worth pondering.
Bitcoin (BTC), as the world's first cryptocurrency, was proposed by the mysterious figure Satoshi Nakamoto in 2008. Its core concept is decentralized blockchain technology, enabling a peer-to-peer electronic cash system. Unlike traditional currencies, the total supply of Bitcoin is fixed at 21 million coins, verified through 'mining' to prevent double spending and inflation risks. Since its inception in 2009, it has started from a few cents, going through multiple bull and bear cycles, symbolizing financial freedom and digital sovereignty. By 2025, Bitcoin has become mainstream, with institutions like MicroStrategy heavily accumulating it, and corporate treasure chests viewing it as a hedging tool. ETF products further bridge traditional finance, with a market cap exceeding $2 trillion, driving the prosperity of the Web3 ecosystem.
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$ETH
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