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Why Is the Crypto Market Down Today?
The total crypto market cap (TOTAL) and Bitcoin (BTC) continue to lose ground as the broader market’s bearish cues remain dominant. Extending to the altcoins, the bearishness brought Story (IP) down by 21% over the last 24 hours, making it the worst performer.
In the news today:-
Democrat Sam Liccardo proposed the MEME Act to ban political coins like TRUMP, rallying 12 co-sponsors but lacking bipartisan support. While the bill may not halt the political meme coin trend, it could serve as a foundation for future legislation and gauge GOP crypto skepticism.
The SEC dropped its case against Consensys, clearing Metamask of securities violations. This marks the sixth legal action dropped in a week, though the Commission remains silent on the ongoing XRP lawsuit, which may have been a key topic in a recent closed-door meeting.
The Crypto Market Loses Big
The total crypto market cap has fallen to $2.59 trillion, down by $160 billion over the last 24 hours. The significant decline is driven by heightened fear among investors, severely impacting market sentiment. As a result, this shift has contributed to a considerable loss in the broader crypto market.
Despite the downturn, the total market cap is nearing the support level of $2.58 trillion. Historically, this level has acted as both resistance and support, notably in November 2024, when the market bounced by 13%. Given its past significance, this area could provide a potential rebound for the market.
https://sites.google.com/view/crypto-nextgen/home
The total crypto market cap (TOTAL) and Bitcoin (BTC) continue to lose ground as the broader market’s bearish cues remain dominant. Extending to the altcoins, the bearishness brought Story (IP) down by 21% over the last 24 hours, making it the worst performer.
In the news today:-
Democrat Sam Liccardo proposed the MEME Act to ban political coins like TRUMP, rallying 12 co-sponsors but lacking bipartisan support. While the bill may not halt the political meme coin trend, it could serve as a foundation for future legislation and gauge GOP crypto skepticism.
The SEC dropped its case against Consensys, clearing Metamask of securities violations. This marks the sixth legal action dropped in a week, though the Commission remains silent on the ongoing XRP lawsuit, which may have been a key topic in a recent closed-door meeting.
The Crypto Market Loses Big
The total crypto market cap has fallen to $2.59 trillion, down by $160 billion over the last 24 hours. The significant decline is driven by heightened fear among investors, severely impacting market sentiment. As a result, this shift has contributed to a considerable loss in the broader crypto market.
Despite the downturn, the total market cap is nearing the support level of $2.58 trillion. Historically, this level has acted as both resistance and support, notably in November 2024, when the market bounced by 13%. Given its past significance, this area could provide a potential rebound for the market.
https://sites.google.com/view/crypto-nextgen/home
This is my idea about what will happens for #BNBAnalysis #bnbusdtperp in next week and next month. Fallow the pictures, Specially, 15M chart, also fallow the 1,3,5 M charts,
Just a idea only
Blue line for SL
Just a idea only
Blue line for SL
BNB (Binance Coin) is a cryptocurrency created by Binance, one of the world's leading cryptocurrency exchanges. Initially launched as an ERC-20 token on the Ethereum blockchain in 2017, BNB later transitioned to its own blockchain, the Binance Chain. BNB was primarily designed to facilitate trading fee discounts on the Binance platform, but its utility has since expanded significantly.
Users can now employ BNB for a variety of purposes, including transaction fees on the Binance Chain, staking, and participation in token sales on the Binance Launchpad. Additionally, BNB can be used for online services, travel bookings, and even financial services, thanks to partnerships with various companies. BNB's increasing use cases and integration within the Binance ecosystem have contributed to its substantial growth and popularity in the crypto market.
#BNBToken #BNBToken $BNB
Users can now employ BNB for a variety of purposes, including transaction fees on the Binance Chain, staking, and participation in token sales on the Binance Launchpad. Additionally, BNB can be used for online services, travel bookings, and even financial services, thanks to partnerships with various companies. BNB's increasing use cases and integration within the Binance ecosystem have contributed to its substantial growth and popularity in the crypto market.
#BNBToken #BNBToken $BNB
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