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mirzad makhdoom

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Bitcoin HODLers on the rise! 📈 
New data shows that 70% of all #Bitcoin hasn't moved in 6 months!!! 
That's a whole lotta HODLing going on! 
 
Check out the graph below! 
#bitcoin☀️  #HODLHODL  #CryptocurrencyLaunch #Blockchain #Investment #Tribeacademy  

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Crypto Market Has Seen 0 Days of Correction in 2023 & 2024 So Far Crypto has experienced 62 days of market correction from 2014 to date, which makes up a minor 1.6% of the time during this period. The average crypto market correction across these days was -13.0%, which is just 3 percentage points above the technical cutoff definition for a market correction. Crypto was hit by the highest number of 18 market corrections in 2018, which is double the next highest 9 days of market correction recorded in 2017. The frequency of crypto market corrections in 2018 was likely due to the volatile bearish conditions then, as crypto cooled off from a bull run that gained the asset class greater mainstream recognition. Notably, crypto saw 0 days of correction in 2023, as the market consolidated and made a gradual recovery despite a challenging macroeconomic environment. Bitcoin and Ethereum similarly did not experience any days of price correction last year. While both the global crypto market and Bitcoin have yet to experience any days of correction so far this year, it remains to be seen if that will be the case for the rest of 2024. On the other hand, Ethereum has already seen 2 days of price correction this year, namely -10.1% on March 20 and -10.0% on August 6, 2024. #bitcoin #BTC

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Crypto’s Covid Crash Still 5X Worse Than 2024 Sell Offs In the last ten years, the worst global crypto market correction has been the -39.6% Covid-19 crash on March 13, 2020. The widespread sell off saw total crypto market capitalization plunge from $223.74 billion to $135.14 billion day over day (DoD). In comparison, the largest crypto market sell off to date this year was significantly less severe at only -8.4%, which took place on March 20, 2024. Similarly, while the most recent drawdown saw 4 consecutive days of decline that shrank total crypto market capitalization from $2.44 trillion on August 2 to $1.99 trillion on August 6, none of the decreases have been large enough to qualify as a market correction. In fact, crypto has not recorded a single day of market correction since the FTX collapse in November 2022. $BTC

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Top 10 Upcoming Crypto Airdrops in H2 2024 Crypto Airdrops in 2024 Some possible crypto airdrops to look out for in the second half of 2024 include Layer 2s like Linea, Eclipse, Fuel, and Scroll, along with other projects like Grass, Karak, Initia, Berachain, Zora, and Farcaster. Key Takeaways : 1.A growing trend in token airdrops is the adoption of a point system which is used to stimulate user participation and liquidity. 2.There has been a good number of airdrops every year since 2020. To increase your chances of qualifying for an airdrop, you can look into becoming an early user of projects that are likely to offer airdrops. 3.Airdrops allows projects to bootstrap liquidity, while also distributing governance rights to users to participate in the future of the project. #airdop #AirdropWin #AirdropHunting

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#bitcoin☀️ and #CryptoNewss **Kamala Harris Has Dropped Bitcoin and Crypto from Her Campaign** Kamala Harris has officially removed Bitcoin and other cryptocurrencies from her campaign. The Democratic Party's 2024 platform, announced today, doesn't mention Bitcoin or crypto at all. On the other hand, Republicans are taking the opposite approach. They are including Bitcoin in their party activities and making promises like defending the rights of Bitcoin miners, allowing Americans to store their digital assets themselves, and protecting financial privacy. While Donald Trump was speaking at the Bitcoin 2024 Conference in Nashville, Kamala Harris chose not to attend. Even independent candidate Robert F. Kennedy Jr. has voiced his support for Bitcoin. With nearly 50 million crypto voters in the U.S., this strong opposition could have consequences. $BTC

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🔴 Breaking: Binance URL Unblocked In India After FIU Registration #Binance Binance's URL has been unblocked in #India after the exchange registered with the Financial Intelligence Unit (FIU) and paid a fine. The Binance website has now been fully restored and the URL is now accessible to all Indian users. The exchange had faced regulatory issues in India resulting to various stringent actions taken. However, amid various fines settlements, the exchange is now gaining footing in the Indian market. 🟢 Binance URL Now Fully Accessible Binance, one of the top crypto exchanges, has now achieved a milestone in the Indian market as its URL gets unblocked and accessible to users in that region. The URL unblocking follows its registration with the Financial Intelligence Unit (FIU) and payment of a substantial fine. The crypto exchange had earlier paid a fine of over $2.25 million for previous non-compliance with Indian regulations. The fine was imposed due to their failure to adhere to India’s anti-money laundering regulations. According to the FIU, the exchange had been carrying out its operations within the country without proper registration and had not complied with local AML requirements. 🟢 India Tax Bill On Binance Most recently, the Indian government issued a substantial tax bill to Binance. The Ahmedabad unit of the Directorate General of GST Intelligence issued this bill to the exchange, demanding a payment of $86,033,159 in Goods and Services Tax. The tax recovery notice alleges that the exchange received certain fees from Indian customers trading virtual digital assets on their platform without going through the proper channels by registering under India’s GST framework. This action showcased India’s ongoing efforts to bring cryptocurrency operations under its tax regulations. #BTC #ETH #BNB

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