🚨 Loonie Drops to 12-Week Low Amid Oil Dip & Political Uncertainty! 🚨
The Canadian dollar (CAD) continues its slide against the U.S. dollar, reaching its lowest level since early August. Declining oil prices and growing political unpredictability in Canada are dragging down the loonie’s value.
Here’s what’s driving the dip:
📉 CAD Slide: The USD/CAD pair is down 0.2% to 1.3915, or 71.86 U.S. cents, marking a 3.6% decline since late September.
Oil Price Impact: U.S. crude futures dipped 0.25% to $67.21 per barrel, a hit to the Canadian dollar due to oil’s role as a critical export.
Political Uncertainty: Bloc Québécois leader Yves-François Blanchet has signaled he may attempt to bring down PM Justin Trudeau’s minority government, a move dampening investor sentiment.
BoC Rate Cut: Last week’s surprise 0.5% rate cut by the Bank of Canada is also weakening CAD, as lower rates reduce currency appeal.
Bond Market Response: 10-year Canadian bond yields remain steady at 3.27% but recently reached a high of 3.32%, reflecting cautious investor sentiment.
Expect the CAD to stay pressured if political uncertainty persists and oil prices continue to fall.
🔄 What are your thoughts on CAD’s trajectory? Drop your insights below!
Binance, a leading cryptocurrency exchange, has launched Binance Wealth, a platform designed for wealth managers to offer digital asset advisory services to high-net-worth clients. This new service aims to meet the increasing demand for cryptocurrency investments among affluent individuals, providing a traditional finance-like interface and a broad selection of supported tokens.
Wealth managers using Binance Wealth can guide their clients through the Know Your Customer (KYC) and Know Your Business (KYB) processes, ensuring compliance while maintaining client control over investments. The platform offers a comprehensive portfolio overview, flexible investment options, and exclusive VIP support, making it easier for traditional investors to diversify into digital assets.
Despite these advancements, the market outlook remains cautious. The integration of traditional finance principles with digital assets is a step forward, but the overall market sentiment is still wary due to regulatory uncertainties and the volatile nature of cryptocurrencies. Binance Wealth may lower the entry barrier for wealth managers, but the broader adoption of digital assets will depend on how these regulatory challenges are addressed in the future.
$BTC - update, as expected a big bearish move happened. I shorted twice around 72,500$ and i booked profits already 🔥
Bulls might react on the 72,300 [50% fib] and 72,000$ support zone.
If it's a gtrue breakout of the ATH, #bitcoin price could move sideway above 71,000$ with a lot of volatility to retest the precedent key resistances. Then we could see another leg up toward 75,000 - 78,000 or even 80,000$!
BTC.D is pretty high, meaning liquidity from #altcoins could move into #bitcoin during this run.
Be aware of it! ⚠️
#TradingShot #BTC☀
🚀 Solana (SOL) is back in the game, trading above $180 after a 3-month struggle! With a 16.3% gain this month, SOL is riding the Bitcoin wave, but can it soar higher?
📈 Onchain metrics are bullish: Solana's total value locked (TVL) hit a 2-year high, with deposits reaching 42.5 million SOL. Key players like Jupiter, Raydium, and Sanctum are boosting the network.
💪 Solana is now the second-largest network in liquid TVL, trailing only Ethereum. It also leads in decentralized exchange (DEX) volumes, outpacing Ethereum and BNB Chain.
🔥 Memecoins are adding spice, but the real story is Solana's low leverage use, suggesting more room for growth. Could $200 be next? Stay tuned!
🚀 Solana (SOL) is back in action, trading above $180 after a 16.3% gain this month! With Bitcoin flirting with its all-time high, Solana's onchain and derivatives data hint at even more gains. 📈
- Solana's total value locked (TVL) hit a 2-year high with 42.5 million SOL.
- Key players like Jupiter, Raydium, and Sanctum are boosting deposits.
- Solana is now the second-largest network in liquid TVL, trailing only Ethereum.
DEX volumes are soaring, with Raydium, Lifinity, and Phoenix leading the charge. Memecoins like Moo Deng and Goatseus Maximus are also on the rise.
Will SOL hit $200? Share your thoughts below! 👇
Bitcoin miners are getting creative! 🧠 With the April halving slashing rewards, miners are cutting costs and embracing AI, says CoinShares.
- Mining costs are up, but so is innovation. Miners are rolling out new infrastructure, betting on future price hikes.
- Average cost to mine 1 BTC? Around $49,500. But some like Cormint and TeraWulf are crushing it at $15K-$19K.
- High costs have miners diversifying. Hive invested $66M in Nvidia GPUs, while others are merging to cut expenses.
Despite challenges, the Bitcoin mining industry is buzzing with activity and optimism!
🚀 Bitcoin is on fire! On Tuesday, BTC surged to $73,500, just shy of its all-time high of $73,798 set in March. This marks a 75% increase year-to-date and more than double from a year ago! 📈
The catalysts? Spot ETFs are booming, with BlackRock's IBIT raking in nearly $24B. Plus, new monetary easing cycles and the rising odds of a Trump victory are fueling the rally.
Bitcoin's resilience has been tested, but it's bouncing back stronger than ever. What do you think is next for BTC? Share your thoughts below! 👇 #Bitcoin #Crypto #BTC
🚀 Bitcoin is back with a bang! 🌟
1/ Bitcoin soared to $73,500 on Tuesday, just shy of its all-time high of $73,798 set in March. That's a 75% YTD gain and double from last year! 📈
2/ What’s fueling this rocket? Spot ETFs success, global monetary easing, and Trump’s crypto-friendly vibes. 🌍💸
3/ After months of consolidation, BTC is roaring back, testing investors' patience but rewarding the faithful. 🙌
4/ Are you ready for the next leg up? Drop your thoughts in the comments! 💬👇
#Bitcoin #Crypto #DeFi #Web3 #BullRun
**Solana (SOL) Surges Past $180, Eyes $200 Milestone**
Solana (SOL) has broken past the $180 mark after nearly three months of struggle, riding a 16.3% gain alongside Bitcoin's rally. Onchain and derivatives data suggest that Solana's bull run might just be starting, with potential to reach $200 and beyond.
Key metrics show Solana's network total value locked (TVL) hitting a 2-year high, with deposits reaching 42.5 million SOL. This growth is driven by platforms like Jupiter, Raydium, and Sanctum. Solana now ranks second in liquid TVL, trailing only Ethereum.
Solana has also surpassed Ethereum in decentralized exchange (DEX) volumes, with notable contributors like Raydium and Lifinity. The memecoin sector has played a significant role, though its sustainability remains uncertain.
Low leverage in SOL futures indicates room for further price growth, suggesting that the rally to $182 is just the beginning of a broader bull cycle. Keep an eye on Solana as it targets the $200 milestone.
🚀 Bhutan's Royal Government just sold $66M worth of Bitcoin after prices soared above $70K! 🎉 They've been quietly stacking BTC since 2019, starting at just $5K per coin. Their mining operations, powered by hydroelectric energy, have been a game-changer.
Despite the recent sell-off, Bhutan still holds a whopping $800M in BTC. With strategic investments in mining hardware and partnerships, they're set to remain a crypto powerhouse.
Feeling bullish on Bhutan's crypto journey? Drop your thoughts in the comments! 💬 #Bitcoin #Crypto #Bhutan
HOW TO EARN 100$ DAILY ON BINANCE ⚡
Earning $100 on Binance, a popular cryptocurrency exchange, can be achieved through several methods depending on your risk tolerance, knowledge, and investment strategy. Here are some potential ways
1. Spot TradingBuy Low, Sell High: Buy cryptocurrencies at a lower price and sell them when the price goes up.
Swing Trading: Look for trends and market fluctuations to make trades over days or weeks.Day Trading: Requires closely monitoring the market for short-term trades within a day.
2. Binance Earn (Savings and Staking)Flexible Savings: Earn interest on your holdings by lending them to Binance. Interest rates vary based on the asset.Locked Savings/Staking: Lock up your funds for a specific period to earn higher interest rates.Launchpool: Participate in new projects by staking certain cryptocurrencies in return for tokens of that project.
3. Binance Futures (High-Risk)Futures Trading: Predict if a cryptocurrency will go up or down. If correct, you can earn returns, but if wrong, you can lose your funds. Futures trading can use leverage, but be cautious as it increases both potential profits and losses.
4. Referral ProgramRefer Friends: Binance has a referral program where you can earn a percentage of trading fees from people who sign up with your referral code.
5. Binance Academy Quizzes and PromotionsBinance sometimes offers rewards for completing quizzes or participating in promotions. Keep an eye on the "Learn and Earn" section on Binance.
6. Auto-InvestAuto-Invest allows you to set up recurring buys in crypto. Over time, dollar-cost averaging can result in a profitable portfolio, especially if prices go up in the long term.
7. Risk WarningCryptocurrency trading and investing involve risks, and it's possible to lose more than you invest. Make sure to do thorough research and consider only what you can afford to lose.Start small, understand the platform, and make calculated decisions to work toward your goal of $100.For daily signals everyday join us now and check out my profile to see the accuracy of my signals 🔥
Віталік Бутерін пожертвував понад $1 млн
Він пожертвував 400 ETH чотирьом українським благодійним організаціям, таким як : Crystal Hearts,United Humanitarian Front, Polymath-Kids та «Крила Справедливості»
Зробив він це завдяки тому, що продав мем-коїни такі як: MOODENG, EBULL, DOG та інших.
$ETH
{spot}(ETHUSDT)
$BNB
{spot}(BNBUSDT)
🚀 Big moves at dYdX! CEO Antonio Juliano announced a 35% cut in the core team, marking another twist in the company's 2024 journey. Juliano, who had a brief hiatus from leadership, is back and making bold changes.
📉 dYdX, a top player in crypto derivatives, faces stiff competition from Hyperliquid, whose TVL surged 250% this year, dwarfing dYdX's by three times.
What do you think about these shake-ups? Are they a sign of better days ahead or a rough road for dYdX? Drop your thoughts below! 💬 #CryptoNews #DeFi
**Crypto News Flash: dYdX Restructures Amid Market Shifts**
dYdX, a leading on-chain crypto derivatives exchange, has let go of 35% of its core team, according to CEO Antonio Juliano. This move follows a turbulent year for the company, with Juliano stepping down and then returning to his leadership role in October.
- dYdX has faced stiff competition from Hyperliquid, which has seen its Total Value Locked (TVL) grow by 250%, now standing at over $860 million.
- In contrast, dYdX's TVL has dropped by 50% since its peak in March 2024.
What do you think this means for the future of DeFi? Share your thoughts in the comments! 🚀
🚀 Bitcoin Price Nears New All-Time High! 🚀
Bitcoin enthusiasts, hold onto your hats! BTC is on the brink of smashing a new all-time high, reaching an impressive $73,600—just shy of the record by less than $200! 📈
This surge has created waves in the derivatives market, with over $110 million in short positions getting liquidated. Despite a slight pullback below $73,000, Bitcoin still boasts a 4.2% increase in the past 24 hours. 💪
Adding to the excitement, spot Bitcoin ETFs in the US saw a staggering $3 billion in trading volume today. All this action is unfolding just days before the US Presidential elections on November 5th. 🗳️
Stay tuned, Bitcoiners! 🌟
We are beyond pleased to announce that #Flux has been selected as a vendor for the UK Crown through their G Cloud initiative @gov_procurement. We will be open to bidding on government and supporting function contracts. Why is this a massive deal?
Being a vendor in the UK Government’s G-Cloud framework brings significant value to InFlux by providing access to a broad range of public sector organizations seeking cloud-based solutions. Key benefits include:
1. Increased Market Access: G-Cloud is a primary procurement platform for the UK public sector. As a vendor, InFlux gains visibility and trust, reaching a customer base that might be difficult to access independently.
2. Simplified Procurement Process: The G-Cloud framework reduces red tape for both buyers and suppliers. This streamlined process lowers acquisition costs, shortens sales cycles, and enables faster deployment.
3. Reputation and Credibility: Being an approved G-Cloud vendor boosts credibility and signals compliance with stringent government standards, often reassuring potential private sector clients.
4. Scalability and Growth Potential: The framework encourages ongoing partnerships and recurring revenue streams, as government clients tend to prioritize trusted vendors for scaling projects and expanding services.
5. Contribution to Public Sector Digital Transformation: With @InFlux_Limited offerings, the UK government can enhance efficiency, security, and sustainability in public services, aligning with government initiatives for digital transformation.
This position on the G-Cloud is strategically advantageous for expanding InFlux’s footprint and reinforcing its standing in the cloud solution market. #Flux $Flux #Depin #web3