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- The senior market analyst Alex Kuptsikevich of FxPro notes that Bitcoin continues to test support at the 50-day moving average but lacks further downside momentum. However, this continued testing of lows paves the way for the next bearish target of $60,000. After the halving event in April, the net positions of Bitcoin miners—the difference between inflows and outflows—have gradually declined, indicating operational strain.
- Amid the continued excitement in the cryptocurrency industry, centralized cryptocurrency exchanges (CEX) witnessed remarkable achievements in March—a doubling of cumulative monthly spot trading volume, reaching $2.48 trillion, marking the first peak since November 2021. Although still below the historical peak of $4.2 trillion set in May 2021, this achievement undoubtedly showcases a strong recovery trend in the cryptocurrency market. Against this backdrop, BITCIONS Exchange, with its steadily rising monthly spot trading volume, stands out in the industry and has become a leader in the market.
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