Binance Labs Invests in Solayer Protocol on Solana | SamStunner on Binance Square

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Binance Labs Invests in Solayer Protocol on Solana

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U.S. inflation rate hits 2.9% as Bitcoin remains around $60,000 Core inflation aligns with predictions, Bitcoin's response flat at $60,000. According to Trading Economics data, the July US inflation rate came in slightly below expectations, with the headline inflation rate year-over-year at 2.9% versus the anticipated 3%. The month-over-month inflation rate matched forecasts at 0.2%. Core inflation, which excludes volatile food and energy prices, aligned with predictions, registering 3.2% year-over-year and 0.2% month-over-month. Following the inflation data release, Bitcoin remained flat, maintaining its price at around $60,000. The muted response suggests that the market largely anticipated the inflation figures, leaving Bitcoin's value unchanged. #BTC☀

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Important Announcement for DOGS on August 14, 2024 The DOGS community is eagerly counting down to August 14, 2024, when all information regarding the listing will be announced by the project team. Dogs is a mini Dapp on Telegram designed to reward users with DOGS tokens. The number of tokens received depends on the age of your Telegram account. The older your account, the more tokens you earn. Although it has only been launched for less than a month, Dogs has introduced a significant update. Thus, after much speculation, Dogs has confirmed that listing on major exchanges will take place soon, and you can only mine DOGS until the end of August 14, 2024. Exchanges that will definitely list DOGS include OKX, Bybit, Bitget, and HTX… However, the DOGS community is eagerly awaiting Binance’s action regarding the listing of DOGS. Notably, according to the project, all DOGS tokens will be allocated entirely to the community and will be fully unlocked. Initially, DOGS only airdropped tokens to users based on the age of their Telegram accounts, but later, DOGS added several additional tasks. Currently, on the pre-market, the price of DOGS is being offered at $0.004, which has decreased significantly compared to the initial price. #AirDropSeries

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🗣📢THIS IS MUST KNOW FOR ALL CRYPTO TRADERS AND ENTHUSIASTS AHEAD OF THE BULL RUN. ✅💰Bitcoin Halving Phases : 5 Phases of Bitcoin Halving Explained. 1. PRE-HALVING DOWNSIDE : The Pre-Halving Downside phase refers to a period before the Bitcoin halving event where the cryptocurrency experiences downward price movements or corrections. This phase is marked by a decrease in Bitcoin Price as traders anticipate the upcoming halving event. However, this phase has concluded, as indicated by the recent Weekly Candle Close, suggesting that the downward trend has ended. The transition into the Pre-Halving Rally phase signifies a shift in market sentiment, with Bitcoin poised for potential upward momentum leading up to the halving event. 2. PRE-HALVING RALLY : The Pre-Halving Rally phase typically occurs approximately 60 days before the Bitcoin Halving event, which is expected in April 2024. During this phase, there is a surge in Bitcoin’s price as investors anticipate the halving event. This rally is often fueled by hype surrounding the event, with investors buying into the excitement. Short-term traders and speculators aim to profit from this hype-driven rally by purchasing Bitcoin before the halving and selling shortly after, a strategy known as “Buy the Hype, Sell the News.” This behavior contributes to a Pre-Halving retrace, where Bitcoin experiences a temporary dip in price leading up to the halving event itself. 3. PRE-HALVING RETRACE: Following the conclusion of the Pre-Halving Rally, the Pre-Halving Retrace phase typically unfolds a couple of weeks before the actual Halving event. During this phase, Bitcoin experiences a temporary price decline. Historical data shows that in 2016, this retracement was as deep as -38%, while in 2020, it was -20%. This retracement phase can last for several weeks, leading investors to question whether the Halving event will indeed have a positive impact on Bitcoin’s price. 4&5 in quoted post ... check my profile 🌀 #Write2Earn

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4. RE-ACCUMULATION : After the Pre-Halving retrace, Bitcoin enters a phase known as Re-Accumulation, characterized by an extended period of stability or leveling off (consolidation) and sideways movement, demonstrated in red on the charts. This phase can extend up to 150 days, roughly five months. During this time, many investors may feel disillusioned due to the lack of significant price movements following the Halving event. Feelings of boredom, impatience, and disappointment may lead some investors to exit their positions prematurely. 5. PARABOLIC UPTREND : After the consolidation period, Bitcoin enters a phase of rapid growth known as the Parabolic Uptrend. This phase is marked by a breakout from the previous sideways movement into a strong upward direction, symbolized by green on the charts. During this phase, Bitcoin’s price rises sharply, reaching new record highs. Investors experience a surge of excitement and optimism as Bitcoin’s value climbs rapidly, reflecting a strong bullish sentiment in the market. Conclusion. : The five phases of Bitcoin halving offer valuable insights into the cryptocurrency’s market dynamics leading up to this pivotal event. From anticipation and hype-driven rallies to temporary retracements and periods of stability, each phase plays a crucial role in shaping Bitcoin’s trajectory. As we approach the next halving in April 2024, traders and enthusiasts alike can use these phases to better understand market behavior and navigate the ever-evolving landscape of digital assets. With Bitcoin’s future remaining uncertain yet promising, staying informed about these phases can be key to making informed investment decisions in the dynamic world of cryptocurrency. #Write2Earn

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