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Pray For Crypto 🙏 Why Market is Crashing Today Today's cryptocurrency market has seen a significant downturn, with Bitcoin (BTC) and Ethereum (ETH) both falling sharply. Here are five reasons for the crash: 1. Disappointing Nonfarm Payrolls Data: The U.S. nonfarm payrolls report showed only 114,000 jobs added in July, far below expectations, and the unemployment rate rose to 4.3%. This weak jobs data has heightened fears of an economic slowdown, impacting risk assets like cryptocurrencies. 2. Rising Recession Fears: Economist Peter Schiff warned that potential Federal Reserve rate cuts might not prevent a recession and could worsen inflation. These concerns have added to market volatility and contributed to the crypto market crash. 3. Bitcoin Long Liquidations: The market has seen a surge in long liquidations, with $241.07 million worth of long positions liquidated, increasing downward pressure on crypto prices. Bitcoin's price drop from $65,000 to $60,000 has led to around $1 billion in long positions being liquidated. 4. Stock Market Decline: The stock market's sharp decline, spurred by the weak jobs report, has also impacted the crypto market. Major indices like the Nasdaq and Dow Jones have experienced significant losses, potentially spilling over into the crypto market. 5. Bitcoin & Ethereum ETF Outflows: Bitcoin and Ethereum ETFs have seen substantial outflows, with Bitcoin ETFs losing $237.4 million on August 2, and Ethereum ETFs experiencing $54.3 million in outflows on the same day. These negative flows, along with Genesis Trading's bankruptcy repayments in BTC and ETH, have exacerbated the market downturn. ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice. #Altcoins #Memecoins
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Why BTC Dump is Not Stopping 📉 The Main Cause Behind the Market Decline ➜ Unemployment rate ❌ ➜ Fear of WWIII and Genesis selling ❌ ➜ Bank of Japan raising interest rates ✅ Recently, the Bank of Japan raised interest rates for the first time in 17 years, the last increase being in 2007, just before the US recession Why is this bearish? Due to zero interest rates, Japanese investors were borrowing yen to invest in other markets like US equities and crypto. With the interest rate hike, borrowed money is no longer free, prompting investors to dump their assets and convert them back to yen. What's next? Either the BOJ or the Fed needs to cut rates soon; otherwise, the market downturn will continue. ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice. #Btcdump #BTC #ETH
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Justin Sun transferred 110 million USDT to HTX 5 hours ago. Considering buying ETH at its current low? ◎ Withdrew 65.1 million USDT from JustLend using the TT2...U9N address and then transferred 70 million USDT to HTX; Address: TT2T17KZhoDu47i2E4FWxfG79zdkEWkU9N ◎ Withdrew 40.24 million USDT from Aave using the 0xdbf...ec8 address and then transferred it to HTX. Address: 0xdbfd25f0e50008179201f00306621917bc728ec8 ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice. #JustinSun #HTX
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In 1987, a 74-year-old rickshaw puller by the name of Bai Fangli came back to his hometown planning to retire from his backbreaking job. There, he saw children working in the fields, because they were too poor to afford school fees. Bai came back to Tianjin and resumed his job as a rickshaw puller, securing a humble lodging near the railway station. He remained available for customers around the clock, consumed basic meals, and dressed in cast-off second-hand attire he stumbled upon. Every penny he earned through hard work went towards assisting underprivileged children in accessing education. In 2001, he drove his rickshaw to Tianjin YaoHua Middle School, to deliver his last installment of money. Nearly 90 years old, he told the students that he couldn't work anymore. All of the students and teachers were moved to tears. In total, Bai donated a total of 350,000 yuan to help more than 300 poor students continue with their studies. In 2005, Bai passed away leaving behind an inspiring legacy. If a rickshaw-puller who wore used clothes and had no education can support 300 children to go to school, imagine what you and I can do with the resources we have to bring about positive change in our world! ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice. #Altcoins #Memecoins
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Main Reason Why Crypto Market Badly Crashed Today 📉 Cryptocurrency markets are down due to the Federal Reserve delaying rate cuts, heightened Middle East tensions, and decreasing chances of Trump’s re-election. Austin from Altcoin Daily highlights a troubling scenario with $2.9 trillion erased from the stock market, marking the worst single-day loss since 2020. Entering the 10th quarter of Federal Reserve tightening, we often see this precede a recession. The Fed’s recent decision to refrain from cutting interest rates sparks debate. Some believe an earlier cut could have avoided inflation reminiscent of the 1970s. The upcoming September Fed meeting is crucial, as postponing rate cuts might lead to a severe economic downturn in Q4. Early signs of recession are evident with McDonald's reporting its first sales drop since 2020, struggling consumer sectors, and rising unemployment. Bitcoin has shown unexpected resilience, outperforming many altcoins. Institutional support for Bitcoin is increasing, with Morgan Stanley offering Bitcoin ETFs to high-net-worth clients, underscoring its potential even in a crisis. Trump’s proposal to use Bitcoin to help pay off the U.S. national debt emphasizes Bitcoin's growing role in financial strategies. As we navigate this risky period, Bitcoin’s future in the US economy remains under close examination. ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice. #Altcoins #Memecoins
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