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๐ฉธ BTC Dump Reason ๐ฉธ ๐จBloodbath in US stock market and Crypto market also. Over $1.05 trillion was wiped out from the US stock market. That's the reason behind this btc sharp dump.
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I'm Thrilled to Announce that I've Won the Creator Of The Year 2024 Competition! ๐๐ So grateful for all the Support and Votes ๐โฅ๏ธ Can't Wait to Receive my Trophy ๐ Thanks @Binance Square Official ๐ถ๐งก Say - Congrats In Comments & Claim $BNB Crypto Box ๐ Thank You For Supporting ๐
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Key events for the crypto market this week: Monday, September 2: - USA: No trading - Labor Day Tuesday, September 3: - ISM Manufacturing PMI (Aug) - 17:00 Wednesday, September 4: - JOLTS Job Openings (July) - 17:00 Thursday, September 5: - ADP Nonfarm Employment (Aug) - 15:15 - Initial Jobless Claims - 15:30 - ISM Manufacturing PMI (Aug) - 17:00 Friday, September 6: - Nonfarm Payrolls (Aug) - 15:30 - Unemployment Rate (Aug) - 15:30 The start of this week may be less volatile since Monday is a holiday in the U.S. (Labor Day). The key market-moving news will be released on Friday, focusing on macroeconomic data related to the labor market, including the unemployment rate and changes in job numbers.
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According to Santiment, while small traders are in a panic, big players are busy stacking up Bitcoin. ๐ณ In August alone, over 283 wallets crossed the 100 BTC threshold. ๐ Currently, there are 16,120 wallets holding more than 100 BTC, setting a new record for the past 17 months. The number of addresses with at least 10 BTC is also rising. In the last 30 days, wallets with balances between 10 and 10,000 $BTC have collectively accumulated more than 133,000 BTC, totaling over $7.6 billion. ๐ง
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Imagine getting shaken out of the market only to see $BTC make new highs later in Q4. I hope you have survived this boring PA so far. Chop ends soon. Volatility indicator is slowly picking up speed.๐ค
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