MasterCard has resumed crypto payment services on Binance, including deposits, after disabling them in August 2023. The #Binance-branded Visa card is also operational on the exchange.
There's a trend of growth immediately after elections and a small rise leading up to them.
Why is this happening? In the run-up to the election, the old administration is pushing the markets up a bit to show power and prosperity under them.
А новая администрация, когда приходит к власти также пушит рынки, чтобы показать электорату правильность их выбора. Также влияет геополитическая неопределенность сразу после выборов, а в такие моменты инвестора ищут защитные активы, коим и является $BTC.
When a new administration takes office, they also tend to push markets to showcase the correctness of their election. Additionally, geopolitical uncertainty right after elections influences investors to seek defensive assets, including $BTC.
The next US elections will take place on November 5, 2024.
Bitcoin drops by 3.5% as German government sells off $325 million BTC
Bitcoin the primary crypto asset dropped by 3.5% on Friday morning to $64,700 as volatility shook the asset following a humungous sell-off of Bitcoin assets by the German government.
Bitcoin in the last hour has dropped by nearly 1.2% continuing an underwhelming trend that has witnessed the asset drop by over 9% in the last two weeks. #bitcoin
Tether on TRON Network Surpasses Visa’s Average Daily Volume Hitting $53B
The 24-hour trading volume of Tether (USDT) reached $53 billion on the TRON network, surpassing payment giant Visa’s average daily trading volume of $42 billion for Q1, 2024.
This comparison is particularly important given Visa’s stature as one of the world’s largest payment processors, managing billions of transactions across more than 200 countries and regions.
Potentially on Monday there could still be a decline, because in fact only the futures liquidity was removed, now we are left with spot + futures liquidity. So be careful with the margin.
Bitcoin’s price has been trapped within a tight range after its drop from $70,000. However, this prolonged market downturn has failed to deter investors from stacking up the world’s largest digital asset.
One such whale, known for strategically selling at price highs, has now bought $395 million worth of BTC.
If bitcoin hits $66,000-$66,500, it could be the best short entry with a target of a new lower low. However, if any candle closes above $67,300, we can consider the trend changing from bearish to bullish.
NEW: 🇦🇷 Argentina's President Javier Milei says "There will be free competition of currencies so if you want to use Bitcoin there will be no problems." 👀 #bitcoin
Range-bound trading is a psychologically exhausting market model for many. Especially when BTC trades sideways, each time it drags altcoins lower. #BTC #ETH