XBIT analyzes the dynamics of the Bitcoin market What is DEX? Multi-dimensional development in the crypto field
Recently, the Bitcoin market and related cryptocurrencies have shown a complex and diverse development trend. According to the XBIT report, since breaking through $85,450 on April 11, the price of Bitcoin has risen by about 16%, breaking through $100,000 again. After Bitcoin broke through the 21-week moving average and the Fibonacci resistance level, ETF fund inflows accelerated, forming a robust upward signal framework.
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The current market value of Bitcoin has risen to 64.5%, the highest since the DeFi boom in 2021. Altcoins have performed poorly, and social media discussions have fallen by more than 40% since December 2024. The XBIT report recommends holding long positions in Bitcoin and hedging with altcoin perpetual futures. XBIT (dex Exchange) analysts said tha...