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Analysts Predict Bitcoin Rally Won't Last Long, Why?
Previously, the price of Bitcoin and other top cryptos was observed to experience mixed movements on Friday (19/7/2024). The majority of top cryptos were observed to still be in the green zone.
Based on data from Coinmarketcap, the crypto with the largest market capitalization, Bitcoin (BTC) has been corrected again. Bitcoin fell 0.31 percent in 24 hours, but still strengthened 11.87 percent for the week.
Currently, the price of Bitcoin is at USD 64,024 or equivalent to IDR 1.03 billion (assuming an exchange rate of IDR 16,189 per US dollar).
Ethereum (ETH) is back on the rise. ETH rose 1.21 percent in the past day and 11.05 percent in the past week. With that, ETH is currently at the level of Rp 55.59 million per coin.
The next crypto, Binance coin (BNB) is strengthening again. In the last 24 hours BNB has increased by 0.71 percent and 9.33 percent a week. This makes BNB priced at IDR 9.27 million per coin.
Then Cardano (ADA) is back in the red zone. ADA is down 2.9 percent in the last 24 hours, but is still up 8.09 percent for the week. That puts ADA at Rp6,890 per coin.
Meanwhile, Solana (SOL) is back on the rise. SOL is up 2.54 percent in a day and 16.95 percent in a week. Currently, the price of SOL is at Rp 2.58 million per coin.
Analysts Predict Bitcoin Rally Won't Last Long, Why?
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