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It's definitely a cleanse. Call it a bear market if you want, but many coins have fallen to all-time lows. What is misleading is that
$BTC
is sustained by the ETF.
The crash is real.
$SOL
$ETH
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Binance confirms seizing Palestinian assets on request by the occupation. Under the pretext of labeling the resistance as terrorists, the occupation has requested that binance freezes Palestinian accounts which it did. Richard Teng, CEO of Binance, confirmed the seizure claiming that they have to comply with Western laws which arm and support the occupation. While a genocide is openly committed before our eyes, on the political side these moves are direct strikes against human-kind by obscure organizations that aim to control all and everything. Because of exchanges like Binance that will do everything to comply with these organizations, the purpose of crypto is defeated. Just like the besieged Palestinians are being openly slaughtered, crypto has been trapped in centralized exchanges that will betray for recognition. And there is no remorse or consideration for human dignity, it's just zealous submission. Binance received a request they hastily complied. $BTC $ETH $SOL
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US ambassador leads boycott of Nagasaki atomic bombing ceremony A boycott led by the US ambassador to Japan drew focus away from the official ceremony marking the 79th anniversary of the atomic bombing of Nagasaki. Rahm Emannuel and several European ambassadors skipped the event over Japan’s exclusion of Israel based on ‘security’ concerns. A world of nonsense. Japan which is the only country that was nuclear bombed hold ceremonies to mark the event and invite the perpetrators which are now its allies 🤐 $BTC $ETH $SOL
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Why the Move by Japan to Increase Its Interest Rates Has a Wider Impact Than One Can Imagine? Japan increased its interest rate to 0.25% on Wednesday, July 31, 2024. The rate had been near zero for decades as Japan was fighting deflation. But this time, the Bank of Japan wants to strengthen the yen against the dollar. Most of its imports, like oil and food, are paid in USD. By increasing its interest rate, Japan aims to make the yen more attractive to investors. The yen rose sharply before and after the decision. This move again puts pressure on the USD, as Japan is one of the biggest foreign holders of US debt. The high interest rates in the US had already put a lot of pressure on Japan, which for months now has been reducing its acquisition of US bonds. The American Federal Reserve’s decision to maintain its interest rates unchanged forced the Bank of Japan to take action, sending a negative signal to the world. Japan also has one of the highest debt-to-GDP ratios at 263%. This high public debt, mainly held locally, was manageable while interest rates were near zero. But as interest rates increase, the impact of this debt might become a heavy burden on Japan's shoulders. The accumulation of negative signals is testing investors nerves especially when in response or taking advantage of the situation, big names are going all out bearish. #MarketDownturn $BTC $SOL $BNB
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Everything is in red, even in the gainers list. There is no exception. $BTC $SOL $BNB
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If this is a bull market then I don't want to see what the bear market looks like... $SOL $ETH $BTC
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