As the cryptocurrency market continues to evolve with its characteristic volatility, recent trends highlight contrasting trajectories for prominent digital assets. Bitcoin (BTC) enthusiasts witnessed a surge in its price, reaching new highs amidst notable fluctuations, while Shiba Inu (SHIB) encountered a market correction after an impressive rally, reaching 200% in 7 days.
Additionally, Kelexo (KLXO) emerges as a promising player in the crypto space, with predictions suggesting 20X gains ahead in stage 3 of the presale. Amidst this dynamic market, investors eagerly await the unfolding developments, anticipating potential opportunities and challenges in the days to come.
Bitcoin (BTC) Reaches New Highs Amidst Volatility
Bitcoin (BTC) experienced a surge in its weekly price, reaching between $63,730 and $67,130, with a notable increase of 5.35%. Bitcoin (BTC) marked a significant milestone on March 5 when it achieved a new all-time high, peaking at $69,000. However, the excitement was short-lived as Bitcoin (BTC) encountered a flash crash, briefly dipping below the $60,000 mark. This sudden drop in price rattled the market, leading to speculation about the underlying causes.
The Bitcoin (BTC) price crash was attributed to heavy selling pressure from long-term Bitcoin (BTC) holders, commonly referred to as HODLers. Notably, several large accounts, including dormant ones, became active, triggering a wave of profit-taking. Crypto exchanges saw a substantial influx of Bitcoin (BTC), totaling $525 million over three days, as traders moved their assets from cold storage to exchange platforms in anticipation of Bitcoin (BTC) all-time high.
Shiba Inu (SHIB) Faces Market Correction Amidst Bearish Sentiment
Shiba Inu (SHIB) has experienced a remarkable surge in its weekly price, skyrocketing between $0.00001162 and $0.000035, with an impressive increase of 200%. However, amidst a broader market correction, the entire cryptocurrency market is witnessing a downturn, pushing prices below critical support levels. Shiba Inu (SHIB) has not been immune to this trend, with the token relinquishing some of its recent gains.
Just a day ago, Shiba Inu (SHIB) soared to a high of $0.00004567, riding the wave of a market rally. Shiba Inu (SHIB) surpassed multiple resistance levels, inching closer to the coveted $0.0001 price threshold. Despite the bullish momentum, Shiba Inu (SHIB) encountered significant resistance from bears, triggering a substantial dip in Shiba Inu (SHIB) price.
Crypto Bulls Acquire Kelexo (KLXO)
Securing loans through conventional means often poses challenges for consumers, including high fees, bureaucratic hurdles and stringent compliance requirements imposed by banks. These obstacles are particularly daunting for individuals with poor credit histories or those affected by lender-specific terms and conditions. Kelexo (KLXO) is spearheading a banking revolution by streamlining identification and compliance procedures.
Kelexo (KLXO) empowers users to borrow and lend instantly using cryptocurrency, bypassing the need for lengthy KYC checks. Kelexo (KLXO) token holders play a pivotal role in shaping the platform’s future, participating in key decision-making processes and proposing new features. Currently, in Stage 2 of its presale, Kelexo (KLXO) tokens are available at an attractive price of $0.04, offering early investors the opportunity to secure their stake in Kelexo (KLXO) future.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
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Source: https://coinedition.com/market-predictions-sees-bitcoin-btc-bulls-acquire-kelexo-klxo-20x-predicted-stage-3-whilst-shiba-inu-shib-closes-on-200-in-7d/