$BTC This week, Bitcoin (BTC) is maintaining a strong upward momentum, with the current price hovering around 101,742 USD. The market is supported by positive factors such as large capital inflows from Bitcoin ETF funds and the halving event that has created upward price momentum. Capital flows from funds like BlackRock have reinforced institutional investor confidence, while the supply reduction event (halving) in April 2024 continues to drive scarcity.
Experts believe that the psychological price level of 100,000 USD is very important. If BTC stays above this mark, the price could reach higher levels, with a target of 110,000 USD next week. However, if it cannot maintain the support level of 98,000 USD, the market may face a short-term correction.
Overall market sentiment remains optimistic, but investors need to pay attention to short-term volatility, especially as BTC has reached an all-time high in early December. This is a good time to consider investment strategies based on the potential for price adjustments in the near future.
$sidra Sidra Coin (SIDRA) is a cryptocurrency related to the decentralized finance (DeFi) sector and is built on the Web 3.0 platform. Below are some highlights about this coin:
1. Origin and goal: Sidra Coin was developed by Sidra Bank, a financial institution in the Middle East, to facilitate digital financial transactions and harness the potential of DeFi. This is one of the projects with a vision to provide value to the digital financial ecosystem of the region.
2. Market information:
Current price: Approximately $0.0087.
Market capitalization: $182,757.
Total maximum supply: 21 million tokens.
3. Operations and mining: Sidra Coin previously allowed free mining on mobile through a dedicated app, but mining has now ended as the token has officially been listed on exchanges such as Binance and Coinbase.
4. Evaluation and risks:
Although Sidra Coin has potential for growth in the DeFi sector, it is still a new project facing high competition and uncertain legal factors in the cryptocurrency industry.
5. Trading notes: Due to the currently low liquidity, caution is advised before investing, and it is recommended to check the project's transparency.
If you want to learn more or participate in trading, you can refer to exchanges that support SIDRA or the official information page of Sidra Bank. #sidra