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Dogecoin Co-Founder Comments on Recent Cryptocurrency Market Crash
According to U.Today, Billy Markus, co-creator of Dogecoin, known as 'Shibetoshi Nakamoto' on social media, has made a sarcastic comment on the recent crash of Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). Markus, who is known for his humorous and sarcastic takes on the cryptocurrency market, posted a screenshot of the two largest cryptocurrencies, BTC and ETH, experiencing a significant correction after their recent price surges. Dogecoin was also behaving similarly. Markus' tweet read, 'oh no everything died we are dead.'
On Friday, BTC, the world's leading cryptocurrency, entered a massive correction, plunging from slightly above $70,000 to the $67,490 zone, losing 7% of its value worth $2,500. It later recovered some of its losses, trading at $67,472 at the time of writing. ETH followed suit, plunging by over 10% from $3,525 to the $3,161 level, but later recovered slightly and is now trading at $3,259. Overall, approximately $735 million worth of cryptocurrencies were liquidated across the market within the last 24 hours.
DOGE also crashed by slightly over 19%, briefly hitting $0.1610. Two recovery attempts led it to $0.1712. This crash and the subsequent market correction occurred less than a week before the upcoming fourth BTC halving, scheduled for April 21. This event, which happens once every four years, will cut the newly minted amount of Bitcoin per block in half, this time reducing it to 3.125 BTC per newly generated block. Many are expecting BTC to skyrocket after this event, with altcoins expected to follow suit.
Disclaimer: Includes third-party opinions. No financial advice.
#Copied #write2earn🌐💹
#RewardsHub
According to U.Today, Billy Markus, co-creator of Dogecoin, known as 'Shibetoshi Nakamoto' on social media, has made a sarcastic comment on the recent crash of Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). Markus, who is known for his humorous and sarcastic takes on the cryptocurrency market, posted a screenshot of the two largest cryptocurrencies, BTC and ETH, experiencing a significant correction after their recent price surges. Dogecoin was also behaving similarly. Markus' tweet read, 'oh no everything died we are dead.'
On Friday, BTC, the world's leading cryptocurrency, entered a massive correction, plunging from slightly above $70,000 to the $67,490 zone, losing 7% of its value worth $2,500. It later recovered some of its losses, trading at $67,472 at the time of writing. ETH followed suit, plunging by over 10% from $3,525 to the $3,161 level, but later recovered slightly and is now trading at $3,259. Overall, approximately $735 million worth of cryptocurrencies were liquidated across the market within the last 24 hours.
DOGE also crashed by slightly over 19%, briefly hitting $0.1610. Two recovery attempts led it to $0.1712. This crash and the subsequent market correction occurred less than a week before the upcoming fourth BTC halving, scheduled for April 21. This event, which happens once every four years, will cut the newly minted amount of Bitcoin per block in half, this time reducing it to 3.125 BTC per newly generated block. Many are expecting BTC to skyrocket after this event, with altcoins expected to follow suit.
Disclaimer: Includes third-party opinions. No financial advice.
#Copied #write2earn🌐💹
#RewardsHub
What Caused Crypto Crash
As reported by NASDAQ, The crypto market took an absolute nosedive at 8:30 a.m. ET on Friday after the stock market opened. Bitcoin (CRYPTO: BTC) has fallen over $4,000 in value to $66,440 as of 3:15 p.m. ET, Ethereum (CRYPTO: ETH) is off 9% over the same time to $3,216, and Dogecoin (CRYPTO: DOGE) plunged 14.2%.
While the decline started early on Friday, it accelerated around noon ET -- that's when small declines became double-digit losses for many cryptocurrencies as written by Travis Hoium
The crypto market took an absolute nosedive at 8:30 a.m. ET on Friday after the stock market opened. Bitcoin (CRYPTO: BTC) has fallen over $4,000 in value to $66,440 as of 3:15 p.m. ET, Ethereum (CRYPTO: ETH) is off 9% over the same time to $3,216, and Dogecoin (CRYPTO: DOGE) plunged 14.2%.
While the decline started early on Friday, it accelerated around noon ET -- that's when small declines became double-digit losses for many cryptocurrencies.
There weren't any major news items out of the crypto world today, but this kind of volatility can often hit at the end of the week or on the weekend. And for the first time in a while, that's what we got today.
A bad week for crypto
There wasn't a lot of good news for cryptocurrencies this week. Hotter-than-expected inflation reported earlier this week caused an increase in interest rates and a drop in tech and growth stocks, which have all traditionally correlated with falling crypto values. It just took a while for the market to process the news.
We also had the U.S. Securities and Exchange Commission (SEC) issue a Wells notice to Uniswap, which is a precursor to legal action against the cryptocurrency. The market has been fighting to get clarity around what's legal and what's not, but the SEC has chosen legal actions against high-profile counterparties like XRP and Coinbase. Yet the SEC has also lost most of those battles, so it's not clear what the outcome of the latest ones will be.
With a lack of regulatory clarity, it's not surprising that some investors have chosen to take profits at a market peak.
Liquidations cause a rout on Friday
When a crash starts, it can be accelerated by the leverage in the crypto market. Not only do traders have leveraged positions, but the liquidity can also decline as the week ends, which could have exacerbated the situation on Friday.
According to Coinglass.com, there have been $668 million in long positions liquidated in the past four hours alone. Liquidations aren't unusual, but normally they're limited to a few hundred million dollars per day, not that level in just a few hours.
What's unique about this crash is the breadth. Not only are Bitcoin, Ethereum, and Dogecoin down, but smaller tokens are falling much more.
Volatility and the week ahead
The crypto market has always been volatile, but this is an abnormally large decline. It's not clear what will stop it.
Over the past few months, the market has benefited from billions of dollars of inflows to Bitcoin ETFs, which has caused speculators to lead the way and leverage to magnify moves. That's great on the way up, but if the trend reverses it could be terrible for crypto values.
I'm cautious about the short-term price moves in cryptocurrency because I think investors will be looking for safer investments as interest rates rise and earnings season begins. But this weekend may be the start of an especially volatile period for the industry.
#Copied
#DYOR
#write2earn🌐💹
While the decline started early on Friday, it accelerated around noon ET -- that's when small declines became double-digit losses for many cryptocurrencies as written by Travis Hoium
The crypto market took an absolute nosedive at 8:30 a.m. ET on Friday after the stock market opened. Bitcoin (CRYPTO: BTC) has fallen over $4,000 in value to $66,440 as of 3:15 p.m. ET, Ethereum (CRYPTO: ETH) is off 9% over the same time to $3,216, and Dogecoin (CRYPTO: DOGE) plunged 14.2%.
While the decline started early on Friday, it accelerated around noon ET -- that's when small declines became double-digit losses for many cryptocurrencies.
There weren't any major news items out of the crypto world today, but this kind of volatility can often hit at the end of the week or on the weekend. And for the first time in a while, that's what we got today.
A bad week for crypto
There wasn't a lot of good news for cryptocurrencies this week. Hotter-than-expected inflation reported earlier this week caused an increase in interest rates and a drop in tech and growth stocks, which have all traditionally correlated with falling crypto values. It just took a while for the market to process the news.
We also had the U.S. Securities and Exchange Commission (SEC) issue a Wells notice to Uniswap, which is a precursor to legal action against the cryptocurrency. The market has been fighting to get clarity around what's legal and what's not, but the SEC has chosen legal actions against high-profile counterparties like XRP and Coinbase. Yet the SEC has also lost most of those battles, so it's not clear what the outcome of the latest ones will be.
With a lack of regulatory clarity, it's not surprising that some investors have chosen to take profits at a market peak.
Liquidations cause a rout on Friday
When a crash starts, it can be accelerated by the leverage in the crypto market. Not only do traders have leveraged positions, but the liquidity can also decline as the week ends, which could have exacerbated the situation on Friday.
According to Coinglass.com, there have been $668 million in long positions liquidated in the past four hours alone. Liquidations aren't unusual, but normally they're limited to a few hundred million dollars per day, not that level in just a few hours.
What's unique about this crash is the breadth. Not only are Bitcoin, Ethereum, and Dogecoin down, but smaller tokens are falling much more.
Volatility and the week ahead
The crypto market has always been volatile, but this is an abnormally large decline. It's not clear what will stop it.
Over the past few months, the market has benefited from billions of dollars of inflows to Bitcoin ETFs, which has caused speculators to lead the way and leverage to magnify moves. That's great on the way up, but if the trend reverses it could be terrible for crypto values.
I'm cautious about the short-term price moves in cryptocurrency because I think investors will be looking for safer investments as interest rates rise and earnings season begins. But this weekend may be the start of an especially volatile period for the industry.
#Copied
#DYOR
#write2earn🌐💹
#Breaking_Crypto_News
#CryptoMarketTrend
Hong Kong Could Approve Spot Bitcoin, Ether ETFs as Early as Monday: Bloomberg
Expectations for Hong Kong to approve the ETF products are seen as one of the biggest market-moving events for the cryptocurrencies in the near term.
#write2earn🌐💹
#CryptoMarketTrend
Hong Kong Could Approve Spot Bitcoin, Ether ETFs as Early as Monday: Bloomberg
Expectations for Hong Kong to approve the ETF products are seen as one of the biggest market-moving events for the cryptocurrencies in the near term.
#write2earn🌐💹
This is Kristjan Qullamaggie.
A trader who turned $9,100 into over $82,000,000 in 8 years. He was featured as the 15th highest income earner in Sweden.
1/➫ The Breakout Trading
❍ It is Kristjan's prefered strategy. He beliefs that if you study the biggest companies they tend to move in stair steps
❍ The only thing you need is to spot such phases
The same is true in crypto; there are dozens of big projects that have local dumps but are generally growing
2/➫ Position Size & Risk
❍ Kristjan beliefs that you shouldn't hold more than 20% of your portfolio in one deal.
❍ The same goes for crypto, always diversify your investments and don't put everything into one coin.
❍ Invest only the amount you're ready to lose
3/➫ Exit Rules
❍ Kristjan recommends closing your positions in parts, 30% and then 20% on the 3rd and 5th day
❍ Same applies to crypto. You should always gradually fix profits, transferring them into stables
❍ Fix the body in the target -> hold a small size moonbag
4/➫ Philosophy
❍ Kristjan's main focus is on money management, he believes that all of this is a numbers game where risk/reward plays the most important factor.
❍ The essence of his philosophy is "being in the largest trends, taking a lot of bets and keeping the losses small."
And you can use the same thinking to become profitable in crypto.
5/➫ Don't give up
❍ Kristjan lost 3-4 deposits before becoming profitable, but by using his experience and other big players, you can create your strategy that will lead you to profit more quickly.
❍ The main thing is not to give up, as we have survived the bear market, and now is a golden time for earning in crypto.
Everything depends on you
I hope you've found this thread helpful!
#write2earn🌐💹
#cryptowinner
#copiedpost
A trader who turned $9,100 into over $82,000,000 in 8 years. He was featured as the 15th highest income earner in Sweden.
1/➫ The Breakout Trading
❍ It is Kristjan's prefered strategy. He beliefs that if you study the biggest companies they tend to move in stair steps
❍ The only thing you need is to spot such phases
The same is true in crypto; there are dozens of big projects that have local dumps but are generally growing
2/➫ Position Size & Risk
❍ Kristjan beliefs that you shouldn't hold more than 20% of your portfolio in one deal.
❍ The same goes for crypto, always diversify your investments and don't put everything into one coin.
❍ Invest only the amount you're ready to lose
3/➫ Exit Rules
❍ Kristjan recommends closing your positions in parts, 30% and then 20% on the 3rd and 5th day
❍ Same applies to crypto. You should always gradually fix profits, transferring them into stables
❍ Fix the body in the target -> hold a small size moonbag
4/➫ Philosophy
❍ Kristjan's main focus is on money management, he believes that all of this is a numbers game where risk/reward plays the most important factor.
❍ The essence of his philosophy is "being in the largest trends, taking a lot of bets and keeping the losses small."
And you can use the same thinking to become profitable in crypto.
5/➫ Don't give up
❍ Kristjan lost 3-4 deposits before becoming profitable, but by using his experience and other big players, you can create your strategy that will lead you to profit more quickly.
❍ The main thing is not to give up, as we have survived the bear market, and now is a golden time for earning in crypto.
Everything depends on you
I hope you've found this thread helpful!
#write2earn🌐💹
#cryptowinner
#copiedpost
Which crypto(s) will be taking you to the promised land?
#GetYouSomeCrypto
#AxInfinity #write2earn🌐💹
#GetYouSomeCrypto
#AxInfinity #write2earn🌐💹
$OMNI on Launchpool will be listed.
Let's predict the price at listing.
Tokenomics:
Max Token Supply: 100,000,000 OMNI
Initial Circulating Supply: 10,391,492 OMNI
The average initial market cap of Launchpool is around $400M - $500
=> OMNI listing: $38.8 - $48
#OMNICOIN #BinanceLaunchpool
Let's predict the price at listing.
Tokenomics:
Max Token Supply: 100,000,000 OMNI
Initial Circulating Supply: 10,391,492 OMNI
The average initial market cap of Launchpool is around $400M - $500
=> OMNI listing: $38.8 - $48
#OMNICOIN #BinanceLaunchpool
Bitcoin will drop to $45,000 at halving date - my personal opinion. All non-professional traders and ordinary people will be liquidated. After panic selling, whales will begin with their massive buying to super pump prices.
My opinion: spread funds between a few coins, buy on a daily basis, follow drops, buy at dip, and wait for a massive pump. The point is to make a fortune with a small investment. $BNB $ETH $SOL #bitcoinhalving
#WRITE2EARN
My opinion: spread funds between a few coins, buy on a daily basis, follow drops, buy at dip, and wait for a massive pump. The point is to make a fortune with a small investment. $BNB $ETH $SOL #bitcoinhalving
#WRITE2EARN
BTC is recovering while everything else is dumping.
Selling pressure is very high. HOLD. HOLD.
#myOpinion
Selling pressure is very high. HOLD. HOLD.
#myOpinion
#myOpinion
When the Russia-Ukraine war started, people got scared and sold their assets.
When COVID-19 happened, people got scared and sold their assets.
There will always be political issues that make you want to sell your Bitcoin, but think about it before you do.
If you're selling because of your emotions, you are very likely making the wrong decision.
Bitcoin will survive every war, ban, regulation, etc.
It will survive longer than most governments can remain solvent on a Bitcoin standard.
Bitcoin is the safe haven.
No war can stop it and nothing can replace crypto. Its digital world.
WIN BINANCE REWARDS
#write2earn🌐💹
When the Russia-Ukraine war started, people got scared and sold their assets.
When COVID-19 happened, people got scared and sold their assets.
There will always be political issues that make you want to sell your Bitcoin, but think about it before you do.
If you're selling because of your emotions, you are very likely making the wrong decision.
Bitcoin will survive every war, ban, regulation, etc.
It will survive longer than most governments can remain solvent on a Bitcoin standard.
Bitcoin is the safe haven.
No war can stop it and nothing can replace crypto. Its digital world.
WIN BINANCE REWARDS
#write2earn🌐💹
Random thoughts after seeing market
Old age has come at a bad time, just as I was beginning to know everything, I'm now forgetting everything I knew.🤣
CLAIM TO WIN BINANCE REWARDS
#write2earn🌐💹
Old age has come at a bad time, just as I was beginning to know everything, I'm now forgetting everything I knew.🤣
CLAIM TO WIN BINANCE REWARDS
#write2earn🌐💹
Bitcoin Halving Ahead: 3 Cryptocurrencies to Buy Now
My Opinion: Not a Financial Advice
In the 12-month period after the halving, these three cryptos have the potential to soar even higher than Bitcoin.
The upcoming Bitcoin (BTC -0.80%) halving is one of the most anticipated events of the year for crypto investors -- and for good reason. Past halving cycles have led to stratospheric gains for Bitcoin, as well as new all-time highs. So naturally, all eyes are on Bitcoin right now.
But another interesting phenomenon occurs after the halving as well: Top altcoins tend to see a huge spike in market cap as they follow Bitcoin higher. And in fact, some of these coins actually outperform Bitcoin in the 12-month period after the halving.
With that in mind, here are three cryptocurrencies that have the potential to soar higher in 2024 and into 2025.
1. SOL
2. Link
3. AGIX
Do your Own Research before investing.
#write2earn🌐💹
$SOL $LINK $AGIX
In the 12-month period after the halving, these three cryptos have the potential to soar even higher than Bitcoin.
The upcoming Bitcoin (BTC -0.80%) halving is one of the most anticipated events of the year for crypto investors -- and for good reason. Past halving cycles have led to stratospheric gains for Bitcoin, as well as new all-time highs. So naturally, all eyes are on Bitcoin right now.
But another interesting phenomenon occurs after the halving as well: Top altcoins tend to see a huge spike in market cap as they follow Bitcoin higher. And in fact, some of these coins actually outperform Bitcoin in the 12-month period after the halving.
With that in mind, here are three cryptocurrencies that have the potential to soar higher in 2024 and into 2025.
1. SOL
2. Link
3. AGIX
Do your Own Research before investing.
#write2earn🌐💹
$SOL $LINK $AGIX
#write2earn🌐💹
CLICK TO WIN BINANCE REWARDS
This is a 3day time frame and It might be the bull run has come to an end.
Pointers:
1. US Government might sell their bitcoin holdings. This will be a big dump.
2. China was just waiting for the big dump before buying. The news of China reentering the market.
3. There are a lot of liquidation around the green support. $61billion dollars.
4. Even bitcoin will exhausted after the big pump.
5. You hate me which trigger the market to go bearish after exposing.
6. Emotion/Greed is our big enemy.
#market_analysis
#IndustryTrends
#IndustryNews
#IndustryEvents
CLICK TO WIN BINANCE REWARDS
This is a 3day time frame and It might be the bull run has come to an end.
Pointers:
1. US Government might sell their bitcoin holdings. This will be a big dump.
2. China was just waiting for the big dump before buying. The news of China reentering the market.
3. There are a lot of liquidation around the green support. $61billion dollars.
4. Even bitcoin will exhausted after the big pump.
5. You hate me which trigger the market to go bearish after exposing.
6. Emotion/Greed is our big enemy.
#market_analysis
#IndustryTrends
#IndustryNews
#IndustryEvents
$BTC $ETH $BNB
#WRITE2EARN
Greetings Everyone!
Current market conditions are really bad for newbies. Earning in bull market was never easy. Everyone wants to be a millionaire. But it's not a piece of cake. Losses are to be made. A real trader would never say that he doesn't make losses. Bitcoin is currently trading at very crucial zone. If we get a weekly or daily close below 65.5k we will not sustain any supports till 56.5k. Just hold your spot setups don't involve in trading much for now. Keep your money safe for DCA. And let the market comes to the point 56.5k where you can buy your favourite alts at maximum discount.
#MarketTurbulence
#market_analysis
CLICK TO WIN BINANCE REWARDS
#WRITE2EARN
Greetings Everyone!
Current market conditions are really bad for newbies. Earning in bull market was never easy. Everyone wants to be a millionaire. But it's not a piece of cake. Losses are to be made. A real trader would never say that he doesn't make losses. Bitcoin is currently trading at very crucial zone. If we get a weekly or daily close below 65.5k we will not sustain any supports till 56.5k. Just hold your spot setups don't involve in trading much for now. Keep your money safe for DCA. And let the market comes to the point 56.5k where you can buy your favourite alts at maximum discount.
#MarketTurbulence
#market_analysis
CLICK TO WIN BINANCE REWARDS
🚨 #Cryptocurency is volatile, more then $210 Million liquidate is past six hours.
Click to Earn Binance Rewards
Click to Earn Binance Rewards
#sharetowin
Click to Win
1.Share any Square content link with your friend.
2.Your friend clicks into the content link.
3. Both you and your friend unlocked a reward! Invite someone who is new to Binance for a bigger reward.
Click to Win
1.Share any Square content link with your friend.
2.Your friend clicks into the content link.
3. Both you and your friend unlocked a reward! Invite someone who is new to Binance for a bigger reward.
#Write2Earn
My bull market price targets:
$BTC : $220,000
$ETH : $12,000
$SOL : $1,200
$TAO: $8,000
$ARB: $20.00
$RNDR: $50.00
$KAS: $1.50
$FTM: $10.00
$SUI: $15.00
$BEAM: $1.00
$BRETT: $1.00
$MYRO: $10.00
$LAN: $10.00
My bull market price targets:
$BTC : $220,000
$ETH : $12,000
$SOL : $1,200
$TAO: $8,000
$ARB: $20.00
$RNDR: $50.00
$KAS: $1.50
$FTM: $10.00
$SUI: $15.00
$BEAM: $1.00
$BRETT: $1.00
$MYRO: $10.00
$LAN: $10.00
#Write2Earn
Here is why #bitcoin WILL go up after the halving. Not instantly, but it will. The bullrun is far from being done.
Right now, it costs about $40,000 USD to mine 1 single $BTC
The bitcoin halving will cut the rewards by half, which means that it will cost $80,000 to mine 1 bitcoin.
So, alot of miners will leave. There’s no point mining bitcoin if it’s not profitable.. right?
Well, once 50-60% of miners leave, everything will rebalance. The people that keeps mining bitcoin will hold until at least $80k minimum, to make sure they’re profitable.
But usually, the price goes higher than what it costs to mine 1 btc.
In example, right now it cost $40k to mine 1 bitcoin and the price went as high as $73k a few weeks ago.
So, in theory, if history repeats itself, we should see a $130k to $150k bitcoin this bullrun.
This is purely based on fundamentals, not hope.
I hope this helps.#bitcoinhalving $BTC
Here is why #bitcoin WILL go up after the halving. Not instantly, but it will. The bullrun is far from being done.
Right now, it costs about $40,000 USD to mine 1 single $BTC
The bitcoin halving will cut the rewards by half, which means that it will cost $80,000 to mine 1 bitcoin.
So, alot of miners will leave. There’s no point mining bitcoin if it’s not profitable.. right?
Well, once 50-60% of miners leave, everything will rebalance. The people that keeps mining bitcoin will hold until at least $80k minimum, to make sure they’re profitable.
But usually, the price goes higher than what it costs to mine 1 btc.
In example, right now it cost $40k to mine 1 bitcoin and the price went as high as $73k a few weeks ago.
So, in theory, if history repeats itself, we should see a $130k to $150k bitcoin this bullrun.
This is purely based on fundamentals, not hope.
I hope this helps.#bitcoinhalving $BTC
#Write2Earn
WHEN you buy is actually way more important than WHAT you buy.
Remember this.
🧠
$BNB
$BTC
$ETH
WHEN you buy is actually way more important than WHAT you buy.
Remember this.
🧠
$BNB
$BTC
$ETH