✔️ Die deutsche Regierung überwies weitere 1.500 BTC (94 Mil | abbasinoman714 auf Binance Square

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✔️ Die deutsche Regierung überwies weitere 1.500 BTC (94 Millionen US-Dollar), darunter an die Adressen von Kryptobörsen
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#Spot or #Futures : What to Choose Spot trading and futures trading each have their own characteristics, advantages, and risks. Spot Market 🔵 Simplicity: Buying and selling cryptocurrencies occur instantly at the current market price. 🔵 Long-term investments: Suitable for those who want to hold assets for a long time. 🔵 Low risk: Less risky compared to futures as there are no margin positions. Futures 🔵 Hedging: Allows hedging risks by locking in the purchase or sale price of an asset in the future. 🔵 Speculation: The possibility of profit on both rising and falling prices. 🔵 High risk: Using leverage can lead to significant losses. Choosing between spot and futures depends on your goals, risk level, and experience. Beginners are recommended to start with spot trading, while experienced traders can use futures for hedging and speculation. $SOL $BNB

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Important News of the Week 🔵 Sentient Labs, supported by the co-founder of Polygon, raised $85 million to develop an open artificial intelligence platform. This step aims to democratize AI and enhance AGI (artificial general intelligence) capabilities. 🔵 Ripple, the developer of XRP Ledger, announced the launch of a new stablecoin that will compete with Tether and USDC. This step is aimed at expanding the Ripple ecosystem and increasing its market share in stablecoins. 🔵 Ellipsis Labs, the developer of the decentralized exchange Phoenix based on Solana, raised $20 million in a Series A round led by Paradigm. The funds will be directed towards improving the functionality and security of the platform. 🔵 The transaction volume on decentralized applications (dApp) on the Polygon platform increased by 83%, leading to increased interest in the MATIC token. Despite this, the price of MATIC faced pressure from sellers. 🔵 According to CryptoQuant, Bitcoin reserves on cryptocurrency exchanges have reached a multi-year low, indicating a growing interest in storing Bitcoin off exchanges. This could impact the supply of Bitcoin on the market and potentially lead to a price increase. $XRP $MATIC

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Let's understand what Farming is Farming is one of the ways to earn in the world of cryptocurrencies and decentralized finance (DeFi). Imagine a farm where instead of growing vegetables or fruits, you earn income by providing your cryptocurrency for various financial operations. How does farming work? 🔵 Depositing cryptocurrency. First, you need to place your cryptocurrency on a special platform. This is similar to a bank deposit. 🔵 Providing liquidity. When you place your cryptocurrency in a pool, it becomes available to other users. These users can borrow your cryptocurrency or use it for trading. 🔵 Earning rewards. In exchange for providing liquidity, you receive rewards. Rewards can come in the form of interest from transactions, bonus tokens, or other types of compensation. Essentially, this is your earnings for helping the platform function. Farming in DeFi allows you to earn passive income higher than bank deposits and participate in the new blockchain-based financial world. The main risks include fluctuations in cryptocurrency prices and potential errors in smart contracts that can lead to loss of funds. $BTC $ETH $BNB

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Bitcoin (BTC) to Plummet Toward $47,000, Predicts Top Analyst $BTC The price of Bitcoin (BTC) has been predicted to plummet near the $47,000 mark. This comes amid the ongoing crypto bloodbath. The total crypto market cap has dipped 5.16% in the last 24 hours, currently at $2.02 trillion. It is seen as one of the worst crypto market drums in the recent past. The Bitcoin price has also been in trouble lately. As of writing this story, BTC is trading at $55,576, a decrease of 3.69% over the last day. However, it has plummeted 21.66% in the last 30 days. Shockingly, it seems that this Bitcoin crash is not going to end yet. Renowned crypto market expert Ali Martinez has shared his crucial insights about BTC's price movement. He tweeted that the largest coin on the market lacks a major support level. Bearish sentiment looms over Bitcoin Martinez has predicted that BTC is having a key demand zone around the $47,000 area. This means that it is likely that the coin will hit this price level during the ongoing market downturn. However, Martinez also explained a potential rebound scenario. According to him, the Bitcoin price has to close and hold above the $61,000 level to resume its bull run. While it seems a far-fetched scenario considering the current scenario, it can never be taken out of the picture. If bulls try to take control, Bitcoin can ignite this potential rebound.However, the crypto community does not look too optimistic about it. No one was anticipating the current crash as the market was awaiting a major bull run after the recent BTC halving event. Traders were also bullish after the approval of Bitcoin spot ETFs earlier this year.To their dismay, Bitcoin failed to ignite a major bull run. While it was consolidating in the past few weeks, this week brought a broader crypto bloodbath. But such volatility is expected from Bitcoin and other coins. Hence, anything can happen, and we may still see the much-anticipated Bitcoin rally later this year.

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Artificial Superintelligence Alliance (FET) With the AI tokens ready for a comeback, the FET price action reveals a potential double bottom at the $1.15 mark. With an early reversal in the falling channel’s negative cycle, the altcoin projects a potential bounce back. With a market cap of $3.149 Billion, the FET price is down by 28% in the last 9 days. However, the intraday growth of 9.40%, making a bullish engulfing candle, completes a morning star pattern. With the upside target of $1.55 next week at the 38.20% Fibonacci level, the AI altcoin is a great pick for next week $FET

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