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Was not a good day, yesterday!
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Trump Survives Second Attack Just Hours before Crypto Launch 💸 The FBI has launched an investigation, labeling the event an apparent assassination attempt. This comes just months after a previous attempt on Trump’s life during a rally in Pennsylvania in July when a bullet grazed his ear. The ongoing security concerns have raised questions about the safety of political candidates, with Trump still actively campaigning for the 2024 election. In a message to his supporters, Trump reassured everyone of his safety, stating, “There were gunshots in my vicinity, but before rumors start spiraling out of control, I wanted you to hear this first: I AM SAFE AND WELL! Nothing will slow me down. I will NEVER SURRENDER!” The White House quickly responded, with President Joe Biden and Vice President Kamala Harris being briefed on the situation. “They are relieved to know he is safe,” a White House spokesperson said. Despite the threat, Trump’s campaign headquarters remains operational, albeit under lockdown following the incident. Trump’s resolve to push forward with his political ambitions appears stronger than ever, as Senator Lindsey Graham noted, “He’s in good spirits and more resolved than ever to save our country.” As the FBI continues its investigation, this event has added tension to Trump’s political aspirations and his son’s impending crypto platform launch, raising questions about what comes next. #BinanceLaunchpoolHMSTR #NeiroOnBinance #BinanceTurns7
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A return to $50K? 5 Things to know in Bitcoin this week $BTC has been lacking momentum this week as BTC price predictions increasingly see the market heading lower.After a promising weekend turned sour into the weekly close, Bitcoin is offering little inspiration to traders already tired of rangebound moves. The sentiment is sour, and while stocks have recovered from their flash crash at the start of August, crypto has yet to do likewise. Bitcoin gave up its weekend gains into the Aug. 18 weekly close — an all-too-familiar sequence of events for traders, who traditionally caution over “out of hours” market moves. The Asia trading session nonetheless offered little hope to bulls, with BTC/USD trading at around $58,650 at the time of writing, per data from Cointelegraph Markets Pro and TradingView. CrypNuevo warned of a potential “fakeout” to the upside before price returns lower over the coming days. This week, risk-asset traders are focused on the US Federal Reserve’s Jackson Hole symposium as markets demand cues on handling inflation. The annual event will feature a speech from Powell on Aug. 23, and market observers will be keenly analyzing his language for confirmation of future policy easing. The latest data from CME Group’s FedWatch Tool maintains a 100% chance of a cut occurring in some form, with 71.5% odds of this coming in at 25 basis points. Bitcoin sentiment is firmly “bearish” thanks to price returning below a key long-term trend line, some of the latest analysis concludes. The latest data from the Crypto Fear & Greed Index meanwhile puts the average mood among crypto investors as just three points off “extreme fear,” measuring 28/100. #professorxchopper #Write2Earn! #PowellAtJacksonHole
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Bitcoin Encounters First Support Level Amid Short-Term Decline 📉 Bitcoin ($BTC ) is currently encountering its first significant support level following a short-term decline, according to data from CryptoQuant. This development coincides with notable liquidations in the market. It also provides valuable insights into the prevailing sentiment among traders. The BTC Longs/Shorts Liquidated Delta is an indicator presented on CryptoQuant that denotes the disparity between liquidated long and short positions on Bitcoin. This metric gives important information of the market trend as to which side is more dominant, longs which mean the bearish side or shorts which represent the bullish side.Analyzing data that have been prepared in the recent past provides several observations worth noting. Bitcoin has retested the start of the first long liquidation region, which is around the $58,250 mark where further stabilization occurred. This stabilization might point at the fact that the market is finding some support at this price level. It indicates that there are some traders who are waiting for this level to enter the market after the downward movement observed over the recent past. Similarly, funding rates that calculate the cost of being long or short have risen to a slightly negative value, around -0. 00%. Negative funding rate means that retail traders are more willing to open short positions meaning that they think that Bitcoin price may well go lower. These factors create a somewhat complex picture of the current state of the market. From one side, the consolidation around the $58,250 support level may indicate there is a base created for the recent sell-off. Nevertheless, the negative funding rate as well as the rise of interest in short positions means that many traders continue to look for a drop in the Bitcoin price. #professorxchopper #CryptoMarketMoves #Write2Earn!
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Elon Musk and Trump Interview: Were Cryptocurrencies Discussed ? The highly anticipated Elon Musk and Donald Trump interview, which took place on Monday, had caused great expectations in the cryptocurrency world. Since it is known that both Elon Musk and Donald Trump have close ties to the cryptocurrencies, it was expected that these topics would be touched upon in the interview. However, nothing was discussed about Bitcoin and cryptocurrencies in the interview. Instead, the duo discussed topics such as inflation, trade, nuclear energy, power and education. Although the Elon Musk and Donald Trump interview was highly anticipated in the crypto world, it was disappointing that there was no discussion on the subject. Instead, issues such as economy, inflation and bureaucracy came to the fore. Another notable topic was Musk and Trump’s future collaboration, especially Musk’s possible role in the Trump administration. This interview was recorded as an important moment in terms of giving clues about the direction the relationship between Musk and Trump will take. #professorxchopper #Write2Earn! #CryptoMarketMoves
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BTC Price Fails to Reclaim $60K, WIF Dumps 5% Daily (Market Watch) After the highly volatile and painful start of the previous business week, bitcoin started to recover some of the recently lost ground and jumped from under $49,500 (on Monday) to almost $63,000 by Friday. However, it failed to maintain its run and started to lose value gradually.The weekend was a lot less eventful than the previous one, and BTC stood primarily at around $61,000. Once Monday arrived, though, the bears came out of the woods again and pushed the cryptocurrency south to just under $58,000.Nevertheless, the massive crash from the previous Monday didn’t transpire, and bitcoin started to recover some ground. In fact, it even surpassed $60,000 but was once again stopped there and pushed back down to its current position of around $59,000.Its market capitalization has increased slightly to just under $1.170 trillion, while its dominance over the alts is at 53.6%. Ethereum and Binance Coin are among the few altcoins in the green today. Both assets are up by around 2% to $2,640 and $520, respectively. In contrast, SOL, XRP, ADA, TRX, AVAX, SHIB, and DOT have all charted insignificant losses.SATS has gained the most from the top 100 alts, having surged by 18% in the past day. In contrast, TAO and WIF have lost the most value. The former is down by 6%, while the popular meme coin has declined by 5%.The cumulative market capitalization of all crypto assets has added under $20 billion since yesterday and is just shy of $2.180 trillion. #professorxchopper #CryptoMarketMoves #MarketDownturn
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