US Dominates Fiat-to-Crypto Transactions with $2.4 Trillion Volume
- Market Dominance: The U.S. leads the fiat-to-crypto transactions with a staggering total volume of approximately $2.4 trillion, significantly surpassing other markets and highlighting its crucial influence on global crypto demand.
- Bitcoin Preference: In the U.S., Bitcoin accounts for 41% of all fiat-to-crypto transactions, indicating a strong investor preference for Bitcoin, which not only solidifies its status as the primary crypto asset but also shapes investment trends globally.
- Regional Disparities: In contrast to the U.S., South Korea and Türkiye exhibit lower Bitcoin dominance, suggesting that investor behavior in these regions is more diversified, potentially favoring alternative cryptocurrencies, which impacts their market structure and liquidity.
- Global Dynamics: The close correlation between U.S. fiat inflows and Bitcoin dominance indicates that as long as American investors continue to channel significant fiat into Bitcoin, the dynamics of the global crypto market will remain heavily influenced by U.S. capital flows and Bitcoin-centric demand patterns.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36103.034 | 48051.517 | 60373.054 | 72321.537 | 84643.074 | 96591.557 | 108913.094 |
| Fibonacci | 48051.517 | 57322.665 | 63050.389 | 72321.537 | 81592.685 | 87320.409 | 96591.557 |
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