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Cryptocurrency Report.

One Cryptocurrency Sustaining Below the Resistance Levels- Bitcoin (BTC)

20 June 2024

BTC
Investment Type
Crypto
Risk Level
Action
Rec. Price (US$)

Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Bitcoin (BTC) is the world’s first decentralized digital cryptocurrency created in 2009 by an anonymous programmer known as “Satoshi Nakomoto”. Bitcoin (BTC) is a cryptocurrency based on blockchain technology which is used as a worldwide payment system.  BTC has a market capitalization of ~USD 1.28 trillion (as per TradingView as of June 20, 2024).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a negative note and maintained a bearish momentum for the entire week. The index advanced by 334.86 points (~7.03%) to 4430.96 for the week ending June 14, 2024. In the current week starting June 17, 2024, the index is trading with negative momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing bearish momentum for the current week.

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Xxxxxx, Xxxxxx ‘Xxxxxx’ Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx th February 2023.

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