Today, the cryptocurrency market is experiencing significant pressure due to stronger-than-expected banana figures from the U.S., which has dashed hopes for early interest rate cuts by the Federal Reserve. With a drop of $40 billion in total crypto market capitalization and Bitcoin (BTC) struggling to break resistance, many investors are seeking new opportunities. In this article, we will delve into the causes of the crash and the best cryptocurrency to buy now.
Waarom daalt crypto vandaag?
Today, Bitcoin (BTC), the world’s largest cryptocurrency, and other digital currencies fell due to a stronger-than-expected jobs report from the U.S., dampening hopes for early interest rate cuts by the Federal Reserve.
Last Friday’s data revealed an accelerated growth in the U.S. bond market in December, pushing the yield on 10-year Treasury bonds to their highest level in 14 months. This increase in yields makes future interest rate reductions less likely in 2025, making emerging markets like India less attractive for investments. As a crypto investor, this trend could potentially impact my portfolio’s growth and risk profile.
As a researcher, I’ve found that the United States added an unprecedented 256,000 jobs in December, far exceeding the anticipated 165,000. This significant surplus points to a robust labor market recovery.
De totale crypto marketcap daalt met $40 miljard in 24 uur
In the past 24 hours, the total crypto market capitalization has dropped by $40 billion and now stands at approximately $3.21 trillion. This decline keeps the market below the significant resistance of $3.28 trillion, emphasizing the ongoing struggle to regain bullish momentum.
With the current support at approximately $3.16 trillion, there is a stronger need for macro-financial backing to surpass the barrier of $3.28 trillion. If this resistance becomes a support point, it could serve as a foundation for further recovery and potentially rekindle investor optimism.
Totale crypto marketcap. Bron: TradingView
Without a successful breakthrough of the $3.28 billion mark, there’s a high chance that the market will continue consolidating, making recovery quite challenging. However, if this resistance is broken, the total market cap could aim for $3.49 billion, suggesting a broader upward trend within the cryptocurrency market.
Bears hebben de controle bij Bitcoin
Currently, Bitcoin is trading at $94,155, within the critical range of $93,625 and $95,668. This narrow margin underscores the difficulty for the cryptocurrency to break out from consolidation, causing investors to exercise caution about its potential next move.
A drop in price supported by $93,625 is considered unlikely, but persistent market weakness could reduce the chances of recovery in the short term. If this negative sentiment continues, Bitcoin might further fall to $92,000, increasing concerns among traders.
Bitcoin koers. Bron: TradingView
To confirm the recovery, Bitcoin needs to convert the $95,668 resistance into a support point. Reaching this milestone could reignite bullish momentum, potentially pushing the cryptocurrency towards the psychological barrier of $100,000 and signaling a breakout from its current range. Fortunately, there are always opportunities within the crypto market; even in the current market conditions.
Beste crypto om te kopen terwijl bekende crypto’s crashen
Because the crypto market is moving down, more and more investors are growing worried about losing their wealth. This negative market sentiment arises as a result. Therefore, as an investor, you can smartly profit from lower prices by choosing the best cryptocurrencies.
It is indeed possible to own pre-sale cryptocurrencies. These cryptocurrencies are often not yet discovered by the general public, offering potential for significant price increases. Here, we will share three pre-sale projects that we believe have strong potential:
1. Project A: This innovative blockchain platform aims to revolutionize the way data is stored and accessed, making it more secure and efficient. Its unique features and promising technology make it an attractive investment opportunity.
2. Project B: This decentralized finance (DeFi) project offers a user-friendly interface for managing digital assets, with a focus on security and transparency. Its potential to disrupt traditional financial systems makes it an exciting investment prospect.
3. Project C: This gaming platform leverages blockchain technology to create a unique, immersive gaming experience. With its focus on community engagement and innovative gameplay mechanics, it has the potential to attract a large user base and increase in value over time.
Wall Street Pepe (WEPE)
Wall Street Pepe’s (WEPE) presale stands out as one of the most notable in recent times. Although the native token, WEPE, was introduced in December, it managed to amass an impressive $47.2 million in less than six weeks.
The reason for this is that WEPE traders offer advantages not available with other cryptocurrencies. For instance, if you decide to buy WEPE, you gain access to exclusive insights from the developers within an exclusive community. This privileged information allows you to trade optimally in WEPE, just like other traders in the group. As a result of this knowledge, which is not accessible to the general public, you can make better-informed decisions and ultimately generate larger profits.
Furthermore, 38% of the total token supply has been assigned for marketing purposes, which means that developers will be ready to launch a substantial marketing campaign in 2025, expected to significantly boost both the popularity and price of $WEPE. It appears that $WEPE still has much more potential in store. Only 20% of the tokens have been designated for presale and they are selling quickly, so quick action is recommended.
Naar de officiële website van Wall Street Pepe
Solaxy (SOLX)
Similarly to Pepe on Wall Street, Solaxy (SOLX) has also seen much success. In fact, it has already raised more than $10 million during the presale. This success is not surprising, particularly given that Solaxy represents the first layer 2 solution for the popular Solana blockchain.
The earning potential associated with these category of Layer 2 solutions has been demonstrated in numerous examples. For instance, Polygon (POL) currently boasts a market capitalization of $3.8 billion, while Arbitrum (ARB) also performs impressively, with a market capitalization of $3.2 billion. Both cryptocurrencies function as Layer 2 solutions for Ethereum, which clearly illustrates the significant potential inherent in such projects.
Solaxy presents a solution that is more affordable, faster, and reliable than both Ethereum and Solana blockchains. This offers noteworthy opportunities for traders of meme coins and developers within the DeFi space. So if you’re bullish on Solana, this could be a significant opportunity.
Naar de officiële website van Solaxy
Best Wallet (BEST)
The pre-sale of Best Wallet (BEST) has successfully raised over $7 million, securing its position as a notable contender for further growth. The probability that this coin will increase in value remains substantially high because it represents more than just a digital currency.
The functionality is structured as follows: Best Wallet functions as a combined crypto-wallet, decentralized exchange, and debit card all in one token. This integration allows traders to manage all their digital assets securely at one location. By owning BEST, users can enjoy significantly lower transaction fees on the platform. Additionally, holders are granted exclusive access to the latest presales available on the exchange.
Currently, the platform boasts over a hundred thousand users and experiences a 50% monthly increase in users. This growth is beneficial for you as a BEST trader. An uptick in the number of platform users will lead to increased demand for $BEST, which in turn accelerates price increases. If your goal is to join one of the largest and fastest-growing crypto ecosystems, this presents a significant opportunity.
Naar de officiële website van Best Wallet
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2025-01-13 16:57