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ALERT!!!🚨🚨🚨🚨 IS $BTC BTC TRYING TO RECOVER AFTER YESTERDAYS FALL??
BTC currently may appear as if it's trying to recover, It may look like a genuine pump but it is NOT. It's an attempt to trap more long traders, this mini pump is probably only going to fill the FVG at 65500 at the best case scenario. After that it's going to fall down and continue its down trend. It might just fall from the 65000 resistance and not even each the FVG.
Do not get your hopes up, this is only a trick to trap long traders. Be very cautious and should refrain from long trading for a few days, it's too risky (This is my analysis only always DYOR)
#BullorBear #bitcoin #BTC BTC #crashing sh #DYOR!!
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M RAfique
BTC currently may appear as if it's trying to recover, It may look like a genuine pump but it is NOT. It's an attempt to trap more long traders, this mini pump is probably only going to fill the FVG at 65500 at the best case scenario. After that it's going to fall down and continue its down trend. It might just fall from the 65000 resistance and not even each the FVG.
Do not get your hopes up, this is only a trick to trap long traders. Be very cautious and should refrain from long trading for a few days, it's too risky (This is my analysis only always DYOR)
#BullorBear #bitcoin #BTC BTC #crashing sh #DYOR!!
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M RAfique
we we will be bearish from now on till halving.
Remember in the history before halving april was bloody month so secure your portfolio stay away from leverage trading no leverage trading is not even 2x 3x.
Save your money and look for the opportunity in Spot after halving for now they are just eating new traders.
Stay away from the market because it doesn't matter how good portfolio you have.
this is the time they eat money so they cannot see new millionaire just be cautious.
#market #crashing #bitcoinhalvingn #Warnig⚠️⚠️
Remember in the history before halving april was bloody month so secure your portfolio stay away from leverage trading no leverage trading is not even 2x 3x.
Save your money and look for the opportunity in Spot after halving for now they are just eating new traders.
Stay away from the market because it doesn't matter how good portfolio you have.
this is the time they eat money so they cannot see new millionaire just be cautious.
#market #crashing #bitcoinhalvingn #Warnig⚠️⚠️
Hello Experts
I loss around $70 from $OMNI $SOL and $NOT because of recent crash
Major loss due to $Omni which I bought at $22.50.😅
But I am still holding these assests.
Need your opinion should hold them or sell them .
@Crypto Family - RkY Sri Lanka @Afridi_Trading @Elite_Trader @Muhammad Amir Rajpoot @BULLUNIVERSE @Eternel insatisfait @零下二度
#altcoins #BTC #sol #crashing
I loss around $70 from $OMNI $SOL and $NOT because of recent crash
Major loss due to $Omni which I bought at $22.50.😅
But I am still holding these assests.
Need your opinion should hold them or sell them .
@Crypto Family - RkY Sri Lanka @Afridi_Trading @Elite_Trader @Muhammad Amir Rajpoot @BULLUNIVERSE @Eternel insatisfait @零下二度
#altcoins #BTC #sol #crashing
💥💥💥 Why Crypto Market is #crashing ?
Crypto Market Turns Bearish Amid Election Uncertainty and FOMC Meeting
Rising uncertainty, including U.S. election turmoil, an attempted assassination on Donald Trump, and the upcoming Federal Open Market Committee (FOMC) meeting, has caused the crypto market to drop. Bitcoin fell below $60K, Ethereum under $2,400, and XRP below $0.60, with overall market cap decreasing from $2.1 trillion to $2.03 trillion.
#BitcoinVolatility
Bitcoin dropped amid fears of the first rate cut since 2020. Analysts note Bitcoin holding above $58,500 as key to avoiding further downside. A $35 million liquidation hit longs, and sideway movement is expected around $59,000 until the FOMC decision, with hopes for a 50 bps cut to fuel a rally.
Ethereum's Struggles
Ethereum dropped below $2,300 due to whale activity, with analysts warning of a potential fall to $1,800 if support fails. $ETH has declined 6% in 24 hours.
Altcoin Reactions
Altcoins also fell:
-$XRP : $0.572 (-23.16% in volume)
- Solana: $131.01 (-3.82%)
- #Dogecoin : $0.1017 (-2.84%)
The global crypto market cap dropped 2.9% to $2.04 trillion, with investor caution ahead of the FOMC meeting. Rebound hopes remain by month-end, but sentiment is cautious.
Source - coinpedia.org
#CryptoMarketTrend #BinanceSquareBTC
Crypto Market Turns Bearish Amid Election Uncertainty and FOMC Meeting
Rising uncertainty, including U.S. election turmoil, an attempted assassination on Donald Trump, and the upcoming Federal Open Market Committee (FOMC) meeting, has caused the crypto market to drop. Bitcoin fell below $60K, Ethereum under $2,400, and XRP below $0.60, with overall market cap decreasing from $2.1 trillion to $2.03 trillion.
#BitcoinVolatility
Bitcoin dropped amid fears of the first rate cut since 2020. Analysts note Bitcoin holding above $58,500 as key to avoiding further downside. A $35 million liquidation hit longs, and sideway movement is expected around $59,000 until the FOMC decision, with hopes for a 50 bps cut to fuel a rally.
Ethereum's Struggles
Ethereum dropped below $2,300 due to whale activity, with analysts warning of a potential fall to $1,800 if support fails. $ETH has declined 6% in 24 hours.
Altcoin Reactions
Altcoins also fell:
-$XRP : $0.572 (-23.16% in volume)
- Solana: $131.01 (-3.82%)
- #Dogecoin : $0.1017 (-2.84%)
The global crypto market cap dropped 2.9% to $2.04 trillion, with investor caution ahead of the FOMC meeting. Rebound hopes remain by month-end, but sentiment is cautious.
Source - coinpedia.org
#CryptoMarketTrend #BinanceSquareBTC
ETH Meme Coin WUKONG Skyrockets 9800% 🚀
According to market data, possibly influenced by Elon Musk's release of an AI-generated personal portrait from "Black Myth: Wukong," the meme coin #WUKONG on the Ethereum blockchain surged over 9,800% in 24 hours, currently priced at $0.003239 with a market cap of $3.3 million.
This meme coin, which was launched on August 27, briefly hit a high of $0.000825 before #crashing , and had nearly "returned to zero" for a long period afterward.
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#Binance
#crypto2024
According to market data, possibly influenced by Elon Musk's release of an AI-generated personal portrait from "Black Myth: Wukong," the meme coin #WUKONG on the Ethereum blockchain surged over 9,800% in 24 hours, currently priced at $0.003239 with a market cap of $3.3 million.
This meme coin, which was launched on August 27, briefly hit a high of $0.000825 before #crashing , and had nearly "returned to zero" for a long period afterward.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
Top 5 Reasons Why Bitcoin, ETH, SOL, XRP, Meme Coins Are Crashing
#Bitcoin , #ETH , #SOL , #XRP , meme coins are #crashing as investors panic on reasons including historically weak September month for crypto market.
The crypto market has lost $160 billion in a week as the market cap plunges to $1.98 trillion from $2.14 trillion. Leading cryptocurrencies Bitcoin and Ethereum prices today tumbled to a low of $55,606 and $2,306, respectively. Other top altcoins such as BNB, Solana, XRP, Dogecoin, Toncoin, Cardano, and meme coins also succumbed to the crashing crypto market, triggered by factors such as macroeconomic events, bearish sentiment, and technical chart weakness.
Here’s Why Crypto Market Falling
The crypto market continues crashing despite U.S. Fed officials are upbeat on interest rate cuts in September as inflation and the labor market in the United States are slowing. Pro-XRP lawyer John Deaton’s victory in the Republican primary election indicates positive development for the crypto market and Ripple community. Let’s look at the top 5 reasons why the crypto market is crashing today:
1. September Is Bearish For Stocks and Crypto Market
Historically, the month has been tough for the crypto market as well as other asset classes. Bonds were lower in 8 out of the last 10 September and gold has been lower every year since 2017. Thus, Bitcoin, ETH, XRP, SOL, and meme coins are falling today.
Dow Jones fell 1.51%, the S&P 500 tumbled 2.12% and the Nasdaq Composite plunged 3.26%, which is their worst drop since the August 5 selloff.
Coinglass data indicates that over $200 million in crypto were liquidated in the last 24 hours. Among these, more than $173 million in longs and $27 million in shorts were liquidated amid the bearish sentiment.
Moreover, over 75K traders were liquidated and the largest single liquidation order happened on crypto exchange Binance as someone sold ETH for USDT valued at $2.94 million. However, investors have remained overall bullish on XRP.
2. Spot Bitcoin (BTC) ETF and Spot Ethereum (ETH) ETF Outflows
Bitcoin ETFs in the U.S. saw a fifth consecutive outflow, degrading the crypto market sentiment among investors. On Tuesday, spot Bitcoin inflows recorded a net outflow of $287.8 million. Surprisingly, Fidelity Bitcoin ETF (FBTC) saw the highest outflow of $162.3 million, surpassing even the outflows from GBTC recently.
Spot Ether ETFs saw a net outflow of $47.4 million on Tuesday. It has started the first trading day of the month with outflows not seen in the previous weeks. Ethereum price is struggling to hit new ATH and currently trades below $2,400, 4% down in the last 24 hours.
3. Bank Of Japan Governor Affirms Further Rate Hike
Bank of Japan Governor Kazuo Ueda in a document submitted to a government panel chaired by outgoing Prime Minister Fumio Kishida reiterated further rate hikes. Japanese stock index Nikkei 225 tumbled 4.24% today on BOJ rate hike, Nvidia-led tech selloff, and US recession cues.
As CoinGape earlier reported, economists surveyed revealed that BOJ will likely hike rates again by the end of the year. Also, Pacific Investment Management expected a rate hike in January.
Traders fear a crypto market crash is imminent due to growing Japanese yen carry trades by hedge funds and corporate players.
4. Bitcoin Price Dropped After Weak ISM Manufacturing PMI Data
The crypto market extended crash yesterday immediately after the weak ISM Manufacturing PMI data showed factory activity slowed for a fifth consecutive month. ISM Manufacturing PMI came in at 47.2 in August, missing market expectations of 47.5.
The weak US manufacturing data has fueled recession fears. Traders now eye upcoming jobs data including non-farm payrolls, unemployment rate, and JOLTs job opening this week. Citi analysts suggested that a job growth of 125,000, combined with an unemployment rate of 4.3%, will cause the Federal Reserve to cut interest rates by 50 basis points.
5. DOJ Subpoena Nvidia for Antitrust Investigation
US DOJ has intensified its antitrust investigation into Nvidia by issuing subpoenas to the AI chip giant. Investors reacted immediately amid the new level of scrutiny from the regulators. This brought back the Microsoft antitrust case in focus which crashed markets in 2000.
Notably, the Nasdaq stock index fell by 75% from March 2000 to October 2002, tech stocks erased most gains since the bubble started to expand.
The crypto market has lost $160 billion in a week as the market cap plunges to $1.98 trillion from $2.14 trillion. Leading cryptocurrencies Bitcoin and Ethereum prices today tumbled to a low of $55,606 and $2,306, respectively. Other top altcoins such as BNB, Solana, XRP, Dogecoin, Toncoin, Cardano, and meme coins also succumbed to the crashing crypto market, triggered by factors such as macroeconomic events, bearish sentiment, and technical chart weakness.
Here’s Why Crypto Market Falling
The crypto market continues crashing despite U.S. Fed officials are upbeat on interest rate cuts in September as inflation and the labor market in the United States are slowing. Pro-XRP lawyer John Deaton’s victory in the Republican primary election indicates positive development for the crypto market and Ripple community. Let’s look at the top 5 reasons why the crypto market is crashing today:
1. September Is Bearish For Stocks and Crypto Market
Historically, the month has been tough for the crypto market as well as other asset classes. Bonds were lower in 8 out of the last 10 September and gold has been lower every year since 2017. Thus, Bitcoin, ETH, XRP, SOL, and meme coins are falling today.
Dow Jones fell 1.51%, the S&P 500 tumbled 2.12% and the Nasdaq Composite plunged 3.26%, which is their worst drop since the August 5 selloff.
Coinglass data indicates that over $200 million in crypto were liquidated in the last 24 hours. Among these, more than $173 million in longs and $27 million in shorts were liquidated amid the bearish sentiment.
Moreover, over 75K traders were liquidated and the largest single liquidation order happened on crypto exchange Binance as someone sold ETH for USDT valued at $2.94 million. However, investors have remained overall bullish on XRP.
2. Spot Bitcoin (BTC) ETF and Spot Ethereum (ETH) ETF Outflows
Bitcoin ETFs in the U.S. saw a fifth consecutive outflow, degrading the crypto market sentiment among investors. On Tuesday, spot Bitcoin inflows recorded a net outflow of $287.8 million. Surprisingly, Fidelity Bitcoin ETF (FBTC) saw the highest outflow of $162.3 million, surpassing even the outflows from GBTC recently.
Spot Ether ETFs saw a net outflow of $47.4 million on Tuesday. It has started the first trading day of the month with outflows not seen in the previous weeks. Ethereum price is struggling to hit new ATH and currently trades below $2,400, 4% down in the last 24 hours.
3. Bank Of Japan Governor Affirms Further Rate Hike
Bank of Japan Governor Kazuo Ueda in a document submitted to a government panel chaired by outgoing Prime Minister Fumio Kishida reiterated further rate hikes. Japanese stock index Nikkei 225 tumbled 4.24% today on BOJ rate hike, Nvidia-led tech selloff, and US recession cues.
As CoinGape earlier reported, economists surveyed revealed that BOJ will likely hike rates again by the end of the year. Also, Pacific Investment Management expected a rate hike in January.
Traders fear a crypto market crash is imminent due to growing Japanese yen carry trades by hedge funds and corporate players.
4. Bitcoin Price Dropped After Weak ISM Manufacturing PMI Data
The crypto market extended crash yesterday immediately after the weak ISM Manufacturing PMI data showed factory activity slowed for a fifth consecutive month. ISM Manufacturing PMI came in at 47.2 in August, missing market expectations of 47.5.
The weak US manufacturing data has fueled recession fears. Traders now eye upcoming jobs data including non-farm payrolls, unemployment rate, and JOLTs job opening this week. Citi analysts suggested that a job growth of 125,000, combined with an unemployment rate of 4.3%, will cause the Federal Reserve to cut interest rates by 50 basis points.
5. DOJ Subpoena Nvidia for Antitrust Investigation
US DOJ has intensified its antitrust investigation into Nvidia by issuing subpoenas to the AI chip giant. Investors reacted immediately amid the new level of scrutiny from the regulators. This brought back the Microsoft antitrust case in focus which crashed markets in 2000.
Notably, the Nasdaq stock index fell by 75% from March 2000 to October 2002, tech stocks erased most gains since the bubble started to expand.
