Crypto News Today: Bitcoin Eyes $132K After Holding Above $118K
Main Idea
Bitcoin is holding steady above $118,000, with potential to reach $132,000, while altcoins show signs of growth as Bitcoin's market dominance slips.
Key Points
1. Bitcoin is currently trading at $118,274, showing resilience despite market volatility.
2. The next target for Bitcoin could be between $127,000 and $132,000, but a strong breakout confirmation is needed.
3. Altcoins, including XRP, are beginning to show early signs of growth.
4. Bitcoin's market dominance is declining, which typically benefits altcoins.
5. A whale wallet sold 80,000 BTC through Galaxy Digital, totaling nearly $9 billion, which the market absorbed without significant disruption.
Description
The post Crypto News Today: Bitcoin Eyes $132K After Holding Above $118K appeared first on Coinpedia Fintech News Bitcoin is holding steady above $118,000 despite the recent ups and downs in the market. As of now, Bitcoin is trading at $118,274 and showing signs of strength after brushing off selling pressure and minor pullbacks earlier this week. This comes at a time when investors have been watching closely to see whether the crypto king will break out or buckle under volatility. $132K Could B...
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