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Although Bitcoin did not experience a significant movement in its price after the ETF approval yesterday, this does not mean that there will be no new movements in the future. From this day on, it is expected that investments in Bitcoin will increase. Currently, the $45,400 level is a critical support area and a reaction move from here could lead to the start of a new uptrend.

Bitcoin and Cryptocurrencies Update: January 11

Bitcoin (BTC): BTC/USD pair is trading at $46,000, down 1.57% as of the time of writing. The resistance levels for BTC are between $48,000 and $51,000, and the support levels are between $44,800 and $43,600.

Ethereum (ETH): ETH/USDT pair is trading at $2,581, down 0.08% as of the time of writing. The resistance levels for ETH are between $2,700 and $2,850, and the support levels are between $2,304 and $2,240.

Sui (SUI): SUI/USD pair is trading at $0.90, up 7.60% as of the time of writing. The resistance levels for SUI are between $0.94 and $0.98, and the support levels are between $0.85 and $0.82.

Optimism (OP): OP/USD pair is trading at $3.71, down 5.48% as of the time of writing. The resistance levels for OP are between $3.95 and $4.11, and the support levels are between $3.69 and $3.42.

Kaspa (KAS): KAS/USD pair is trading at $0.115, down 4.41% as of the time of writing. The resistance levels for KAS are between $0.120 and $0.125, and the support levels are between $0.113 and $0.111.

The post Bitcoin and Cryptocurrencies Update: January 11 appeared first on Coin Engineer.

You might like: What Is Kaspa (KAS) Coin?

Kaspa (KAS), before making its name in the Binance futures market, made a splash with its successful crowdfunding campaign in June 2022. The cryptocurrency is avaliable on leading centralized exchanges (CEXs) like Bybit and Coinone alongside Binance, although it is not yet available for spot trading on Binance.

Binance Futures will launch the USDⓈ-M KAS perpetual contract with up to 50x leverage at 02:00 (UTC) on November 17, 2023.

You can find more details about the USDⓈ-M KAS perpetual contract in the table below:

About Kaspa (KAS) Fundings

• During the launch, the maximum funding rate of the KASUSDT Perpetual Contract is +%2.00 or -%2.00.
• The funding fee payment frequency is every four hours.

Kaspa (KAS) stands out with its PoW-DAG hybrid consensus mechanism that increases GPU mining efficiency. With these developments, it entered the top 30 cryptos in just 17 months.

The price prediction algorithm predicts that Kaspa could see a modest growth of 2.5% by December 17 due to the overall consolidation effect. This prediction is consistent with Binance’s dominant share of 43.9% in spot trading volume.

Feel free to share your thoughts on the topic in the comments. Besides, don’t forget to follow us on Telegram, YouTube, and Twitter for more analysis and updates.

The post Kaspa (KAS) with 50x Leverage on Binance appeared first on Coin Engineer.

Bitcoin started the week with a nice rise. Currently, Bitcoin has reached the level of 27800 dollars and if it closes above 27800 dollars, this can create a positive effect on the Bitcoin side. If Bitcoin exceeds the level of 28400 dollars, we could see more upward movement.

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The Latest Status in Bitcoin and popular altcoins!

The post The Latest Status in Bitcoin and popular altcoins! – October 17 appeared first on Coin Engineer.