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$72 Million Bitcoin in 24 Hours; New Year’s Eve BTC Sellout
In a shocking turn of events, the Bitcoin market saw an unprecedented surge in sell-offs on December 31st, with nearly $72 million worth of the cryptocurrency being sold off in just 24 hours. This massive sell-off has raised concerns among investors and analysts alike, as it seems to have defied all expectations.
As we enter 2025, traders and investors are left wondering whether this New Year’s Eve sellout is a sign of things to come or an isolated incident. In recent days, the overall market has been quite volatile, with major cryptocurrencies experiencing significant drops in value.
Given these developments, U.Today’s analysts have been paying close attention to Bitcoin’s price action over the past few weeks. Despite the massive sell-off on December 31st, Bitcoin is still holding its ground above $85,456, a crucial support level that has held strong since the start of the year.
However, it’s essential for traders and investors to be aware of the potential risks involved in this market uncertainty. The cryptocurrency market often becomes more unstable after significant events like New Year’s Eve, as emotions tend to play a bigger role in decision-making than rational thinking.
For those who are looking to make investment decisions, we recommend keeping a close eye on the $85,456 support level and $96,471 immediate resistance level. It is crucial to stay informed about market fluctuations and be prepared for any scenario that may arise.
Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only.
Source: u.today
