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AI generated Yesterday (9 Dec 2024), the crypto market experienced a significant crash due to a combination of factors: Bitcoin’s Price Drop: Bitcoin, which had recently reached an all-time high of $103,900, fell sharply to around $94,000. This drop triggered a broader sell-off across the market. Massive Liquidations: Over $1.7 billion in leveraged positions were liquidated, adding to the downward pressure. Market Sentiment: The inability of Bitcoin to maintain its price above the $100,000 mark created a psychological barrier, leading to increased selling pressure. Strategic Sales: Significant sales by major holders, including the government of Bhutan and Justin Sun, further fueled the market’s decline. Security Concerns: The hacking of the official Cardano Foundation account added to the climate of distrust and uncertainty. These factors combined to create a volatile environment, leading to a widespread crash in cryptocurrency prices. What do you think ? #crypto #bitcoin #btc #PsychologicalBarrier #Bhutan #Cardano #ADA
AI generated

Yesterday (9 Dec 2024), the crypto market experienced a significant crash due to a combination of factors:

Bitcoin’s Price Drop: Bitcoin, which had recently reached an all-time high of $103,900, fell sharply to around $94,000. This drop triggered a broader sell-off across the market.

Massive Liquidations: Over $1.7 billion in leveraged positions were liquidated, adding to the downward pressure.

Market Sentiment: The inability of Bitcoin to maintain its price above the $100,000 mark created a psychological barrier, leading to increased selling pressure.

Strategic Sales: Significant sales by major holders, including the government of Bhutan and Justin Sun, further fueled the market’s decline.

Security Concerns: The hacking of the official Cardano Foundation account added to the climate of distrust and uncertainty.

These factors combined to create a volatile environment, leading to a widespread crash in cryptocurrency prices.

What do you think ?

#crypto #bitcoin #btc #PsychologicalBarrier #Bhutan #Cardano #ADA
#bhutan is into #BTC mining but not really at #public level for now some individuals like me who takes interest in digital currencies are trying their self to learn and invest the money and how to do trading #BTC #ETH
#bhutan is into #BTC mining but not really at #public level for now some individuals like me who takes interest in digital currencies are trying their self to learn and invest the money and how to do trading #BTC #ETH
Crypto currency In Bhutan. Cryptocurrency is a digital or virtual form of currency that relies on cryptographic techniques for secure financial transactions. Bitcoin, introduced in 2009, marked the inception of cryptocurrencies and paved the way for a diverse ecosystem of digital assets. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks based on blockchain technology.Blockchain, a distributed ledger, records all transactions across a network of computers, ensuring transparency and security. This decentralization eliminates the need for intermediaries like banks, providing users with greater control over their finances. Ethereum, another prominent cryptocurrency, introduced smart contracts, allowing for programmable and self-executing agreements.The value of cryptocurrencies is often volatile, influenced by factors like market demand, regulatory developments, and technological advancements. Investors and enthusiasts are drawn to the potential for high returns, but the inherent risks make it a speculative and dynamic market.Beyond financial applications, cryptocurrencies have sparked interest in decentralized finance (DeFi), non-fungible tokens (NFTs), and innovative blockchain projects. While skeptics express concerns about regulatory challenges and security issues, the ongoing evolution of the cryptocurrency landscape continues to reshape traditional notions of finance and commerce.##Write2Earn #TrendingTopic #CryptocurrencyPotential #bhutan

Crypto currency In Bhutan.

Cryptocurrency is a digital or virtual form of currency that relies on cryptographic techniques for secure financial transactions. Bitcoin, introduced in 2009, marked the inception of cryptocurrencies and paved the way for a diverse ecosystem of digital assets. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks based on blockchain technology.Blockchain, a distributed ledger, records all transactions across a network of computers, ensuring transparency and security. This decentralization eliminates the need for intermediaries like banks, providing users with greater control over their finances. Ethereum, another prominent cryptocurrency, introduced smart contracts, allowing for programmable and self-executing agreements.The value of cryptocurrencies is often volatile, influenced by factors like market demand, regulatory developments, and technological advancements. Investors and enthusiasts are drawn to the potential for high returns, but the inherent risks make it a speculative and dynamic market.Beyond financial applications, cryptocurrencies have sparked interest in decentralized finance (DeFi), non-fungible tokens (NFTs), and innovative blockchain projects. While skeptics express concerns about regulatory challenges and security issues, the ongoing evolution of the cryptocurrency landscape continues to reshape traditional notions of finance and commerce.##Write2Earn #TrendingTopic #CryptocurrencyPotential #bhutan
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Бичи
JUST IN: The Royal Government of #Bhutan moved 406 $BTC ($40M) to QCP Capital moments ago. Bhutan's total holdings now stand at 12,202 BTC ($1.2B). #QCP
JUST IN: The Royal Government of #Bhutan moved 406 $BTC ($40M) to QCP Capital moments ago.
Bhutan's total holdings now stand at 12,202 BTC ($1.2B).
#QCP
🚨🚨 BREAKING: Bhutan's Royal Government has moved 406 BTC ($40M). They still own 12,202 BTC, worth $1.20 Billion. #bhutan #btc
🚨🚨 BREAKING: Bhutan's Royal Government has moved 406 BTC ($40M). They still own 12,202 BTC, worth $1.20 Billion. #bhutan #btc
🚨🚨🚨 BREAKING : Royal Government of #Bhutan has just transferred 406 BTC 💰 ($40M). They still hold 12,202 BTC worth $1.2B.
🚨🚨🚨 BREAKING : Royal Government of #Bhutan has just transferred 406 BTC 💰 ($40M).

They still hold 12,202 BTC worth $1.2B.
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