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BitCoin Update

Bitcoin is Ready to Hit $25K.

July Month Candle Closed in Red.

Bitcoin July monthly closed in the red candle -at 4%.

According to Crypto Quant, the Spot vs. Derivatives volume ratio has dropped from 35% to 6% since January 2023.

This decline in spot volume indicates a new era of low volatility in the cryptocurrency market.

Investors are holding onto their Bitcoins instead of selling them, considering Bitcoin as a valuable asset akin to digital gold.

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