The Reason for Bitcoin's Fall Has Been Revealed: Why Is BTC Falling?
One of the most important reasons behind Bitcoin's decline is the Fed's expected interest rate decision and Fed Chairman Powell's statements. Markets are experiencing anxiety about possible statements to be made by Powell following the decision to be announced today.
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Decreasing ETF investments also contributed to the decline in cryptocurrencies, especially Bitcoin. In the last week, all Bitcoin ETFs closed each day in minus. There was a net investment outflow of over $500 million from ETFs in a few days.
Speaking to Reuters, Fineqia research analyst Matteo Greco said, “The recent downward trend can be attributed to increased profit taking by investors who entered the market during the 2022 and 2023 crises, as well as by ETF investors who witnessed a significant price increase in their shares after entering the market in the first weeks of 2024.” he commented.
According to Reuters, from a macro perspective, the Fed is not expected to make any changes to interest rates, but the view among investors that the central bank may not cut interest rates at all this year and could deal a blow to interest rate-sensitive assets such as cryptocurrencies, emerging market stocks and bonds, and even commodities is taking root.
On the other hand, it is noted that traders who are concerned that the Fed will keep interest rates at high levels for a longer time are considering the possibility of a big movement in the stock market. The Fed will announce its interest rate decision at 21.00 this evening. Powell's press conference will be held at 21.30.
Guys, P2P is extremely risky. I’ve been telling folks to avoid using any kind of P2P platforms, it’s an open invitation to trouble.
I know so many people in India got notice from various govt authorities just because they unknowingly sent INR or received INR from someone who wasn’t the right person to deal with. And in P2P, as innocent customer you have no clue about it.
Not even touching the topic of TDS non-compliance bit here! So stay safe guys!
WARNING: Binance P2P can be extremely risky! I sold $560 USDT to a fraudulent seller and now my bank account has been frozen due to suspected money cheating. Cyber crime is involved, demanding the money be returned to the victim or for me to connect with them.
The scammer was apparently giving out the cheating money he obtained from his call center scam to other Binance P2P users in exchange for USDT. This is a stark reminder to always be vigilant and cautious when conducting P2P transactions.
Please be careful when conducting P2P transactions and only trade with reputable users. Let's work together to keep the Binance community safe and free from scams. #cybercrime #BinanceP2P #ScamRiskWarning
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📢Dear Binance Users,
🎰Binance is thrilled to announce the 53rd project on Binance Launchpool - Renzo (EZ), a liquidation restoration protocol. The webpage should be available in 5 hours, before Launchpool kickoff. ✔️Users will be able to stake their BNB and FDUSD in separate pools to farm EZ tokens over six days, farming starting from 2024-04-24 at 00:00 (UTC).
💯Listing Binance will then list EZ on 04/30/2024 at 12:00 (UTC) and open trading with EZ/BTC, EZ/USDT, EZ/BNB, EZ/FDUSD, EZ/TRY trading pairs. The Seed Tag will be applied to EZ.
🥁EZ Launchpool Details: Token Name: Renzo (EZ) Maximum token supply: 10,000,000,000 EZ Launchpool token rewards: 250,000,000 EZ (2.5% of the maximum token supply) Initial circulating supply: 1,050,000,000 EZ (10.50% of the maximum token supply) Smart contract details: Ethereum Staking conditions: KYC required
🗳Hourly cap per user: 147,569.44 EZ in the BNB pool 26,041.67 EZ in the FDUSD pool Supported pools: Stake BNB (webpage will be available in about 5 hours): 212,500,000 EZ in rewards (85%) Stake FDUSD (webpage will be available in about 5 hours): 37,500,000 EZ in rewards (15%) Farming period: from 04/24/2024 at 00:00 (UTC) to 04/29/2024 at 23:59 (UTC).
Hot News : Binance Set to Return to India as FIU-Registered Entity 🚀
🌟 Major News Alert: Binance is making its comeback in India, registered with the Financial Intelligence Unit of the Finance Ministry!
🇮🇳 Despite the government's previous ban, Binance is now committed to complying with all relevant laws, including the PMLA and VDA taxation framework.
🔍 Here's the scoop: - Binance will re-enter India as a FIU-registered entity, ensuring compliance with all local laws.
- India's Financial Intelligence Unit monitors trades in virtual digital assets, with recent expansions to the PMLA.
- Binance vows to adhere to anti-money laundering laws and taxation frameworks previously overlooked.
💬 Indian officials emphasize the need for all global exchanges to comply with local laws to operate in the country, rejecting special treatment requests.
🔒 Previously delisted from app stores and blocked online, Binance has been in negotiations with the government to regain access for users.
💼 Despite willingness to pay taxes and penalties, Binance faced hurdles in complying with PMLA guidelines, prompting discussions with Indian authorities.
⚠️ Disclaimer: This post is for informational purposes only. Seek professional advice for legal, tax, or financial matters.
Binance has launched a ten-day promotion called FRIENDS, offering USDT distribution. Simply follow the provided link to claim your gift, with the amount varying based on chance.Click Here For USDT The USDT will be instantly credited to your wallet upon confirmation. Additionally, there's a referral program that rewards you for each successful referral.
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Binance is gearing up to provide an exciting opportunity for its users. You'll have the chance to receive cryptocurrencies listed on #Binance before their official listing, all without any cost. There are two methods to obtain free cryptocurrency:
1. Locking your #BNB tokens: By securing your idle #BNB tokens, you'll earn tokens based on the chosen lock-in period.
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2. Participating in #Megadrop: Activate the web3 application in your account to view upcoming projects. Each project will offer various tasks, such as reading articles, conducting research, answering questions, and engaging with content.
You can opt for either or both of these options to manage your earnings.
To earn crypto on Binance, you can consider the following methods:
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1. Referral Program: Invite friends to join Binance using your referral link. You can earn commissions on their trading fees.
2. Staking: Some cryptocurrencies on Binance offer staking rewards. By staking your coins, you can earn additional tokens over time.
3. Airdrops: Participate in airdrops by holding certain cryptocurrencies in your Binance wallet. Projects often distribute free tokens to holders.
4. Promotions and Giveaways: Keep an eye on Binance promotions and giveaways. They occasionally offer free crypto for completing tasks or participating in events.
5. Binance Earn: Explore Binance Earn products, such as flexible savings or locked staking, to earn interest or rewards on your crypto holdings.
Would you like more details on any of these methods?
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🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
Steps by Steps Guide : Certainly! Earning $8 per minute in the crypto world is an exciting goal. While it's not a common rate, there are several strategies you can explore to generate passive income with cryptocurrencies. Let's dive into some of these methods: 1. Staking: - Proof-of-Stake (PoS) is a consensus mechanism that allows network participants to agree on new transactions added to the blockchain. - Staking is a pure form of earning passive income from crypto. It's an energy-efficient alternative to mining. - Token holders stake their coins as validators or delegate them to earn staking rewards. No expensive mining rigs are needed. - The amount you earn from staking depends on the specific asset you stake¹. 2. Cryptocurrency Savings Accounts: - Platforms like Binance, Nexo, and Crypto.com offer crypto savings accounts where you can earn interest on your holdings. - Deposit your crypto, and the platform pays you interest over time. It's a straightforward way to earn passive income². 3. Yield Farming: - Yield farming involves providing liquidity to decentralized finance (DeFi) protocols. - By lending your crypto or participating in liquidity pools, you can earn rewards in the form of tokens. - Be aware that yield farming can be more complex and riskier, but the potential rewards are higher⁷. 4. Lending and Borrowing: - Lend your crypto to others and earn interest. Platforms like Compound and Aave facilitate this. - Alternatively, borrow crypto and pay interest. This strategy requires careful consideration of risks and collateral⁹. 5. Dividend-Earning Tokens: - Some tokens pay dividends to holders. Research projects that distribute rewards based on token ownership. - These dividends can come from transaction fees, network activity, or other revenue sources⁸. Remember that while these strategies offer opportunities, they also come with risks. Always assess the risks and choose methods that align with your financial goals and risk tolerance