Bitcoin keeps moving in the range of $69k which is why we have seen no movement in the altcoins . Bitcoin seems not ready to leave current range of trading as the sell pressure keeping it down below $70k. It looks a boring zone since two days of trading in this price range.
Bitcoin not leaving the 69k zone means that its an accumulation zone thats why its taking longer. It would continue its upward movement once we have shaken out all the weak hands. The sell pressure will eventually be gone and then we are good to go towards $80k milestone.
Bitcoin touching $80k would mean big for the altcoins but that surely is not easy as Bitcoin faces strong resistance each time it crosses $70k. We are all in the same boat waiting for the bull market which seems around the corner as we have seen so much developments happening in the cryptocurrency world recently.
Bitcoin ETFs approvals were a big win in early 2024 as well as the recent Ethereum ETFs approvals have made crypto available to masses. The Bitcoin and Ethereum ETFs Saga has been of great importance as crypto has been introduced to many people through this.
These Bitcoin and Ethereum ETFs have made crypto more powerful as we have big companies invested into the crypto now. The companies like Blackrock and grayscale are huge ones which manage billions of dollars.
Bitcoin price dropped 3% recently which has panicked people. To my deep understanding , crypto is much bigger now with Bitcoin and ETF approvals, these approvals are one of the reasons i think Bitcoin will not dip like it was in the past. There will always be little corrections along the way but not the big dips we will ever see like it happened in the past when Bitcoin crashed from $67k to $20k.
On the other hand , a long waited airdrop seems to be happening very soon as Zksync tram has created a new X account with the name Zknation, its similiar like arbitrum , they also did the same thing before the airdrop was announced.
Zksync team has also updated their blog post in which they have mentioned that zksync will announce more details on token delegation and allocation in this week. These words confirms that airdrop checker may be live within next three days and then token launch may happen next week.
Right now zksync is the most hyped and long waited airdrop. People are talking about it all the time as they hope it is going to be one of the biggest airdrop. The most discussed thing is the airdrop eligibility criteria which still no one knows as its not officially announced.
It has been stated that over 8 million wallets have been farming airdrop. Now it would be interesting to know that how many wallets will be eligible for airdrop from this huge number. Rumors say that close to 1.2 million wallets will be eligible to recieve $ZK airdrop. The eligibility criteria can be a bit tough if it is true, well only time will tell.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you. Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
About Author
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.