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Looking for a guide to learn about the most popular digital currencies and how to start trading
In which?
Cryptocurrency guide
Who among us has not heard about digital currencies, whether in the news or through a friend or colleague at work?
At first, it may be difficult for you to understand cryptocurrencies, the nature of their work, and their origins, especially if you do not know the basics. So do not feel frustrated if you do not have sufficient understanding of the world of digital currencies.
To understand the world of cryptocurrencies and how to trade them, we have to go back a little to the beginning of the emergence of these currencies and an overview of how they work, the most famous and highest prices, and learn about the extent of the success of these currencies in the future.
Once you follow my posts, you will have enough knowledge to understand the world of digital currencies and consider starting to trade in them.
Here is the most important information we will provide you about digital currencies in this channel
Follow our channel @Crypto-Gifts
History of digital currencies-
Definition of digital currencies-
The most popular digital currencies at the present time-
How digital currencies work -
Buying and selling digital currencies-
What is digital currency mining?
Uses of digital currencies-
Types of cryptocurrencies-
What are the prices of digital currencies and how many cryptocurrencies are there?
The future of digital currencies-
#مستقبل_العملات_المشفرة #تاريخ_البيتكوين
#شراء_دولار_في_مصر #بيع_شراء_usdt_العرب
#التعدين_السحابي
In which?
Cryptocurrency guide
Who among us has not heard about digital currencies, whether in the news or through a friend or colleague at work?
At first, it may be difficult for you to understand cryptocurrencies, the nature of their work, and their origins, especially if you do not know the basics. So do not feel frustrated if you do not have sufficient understanding of the world of digital currencies.
To understand the world of cryptocurrencies and how to trade them, we have to go back a little to the beginning of the emergence of these currencies and an overview of how they work, the most famous and highest prices, and learn about the extent of the success of these currencies in the future.
Once you follow my posts, you will have enough knowledge to understand the world of digital currencies and consider starting to trade in them.
Here is the most important information we will provide you about digital currencies in this channel
Follow our channel @Crypto-Gifts
History of digital currencies-
Definition of digital currencies-
The most popular digital currencies at the present time-
How digital currencies work -
Buying and selling digital currencies-
What is digital currency mining?
Uses of digital currencies-
Types of cryptocurrencies-
What are the prices of digital currencies and how many cryptocurrencies are there?
The future of digital currencies-
#مستقبل_العملات_المشفرة #تاريخ_البيتكوين
#شراء_دولار_في_مصر #بيع_شراء_usdt_العرب
#التعدين_السحابي
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America is offering a reward of up to $5 million for anyone who provides information leading to the arrest or conviction of “Ruga Ignatova,” the famous queen of cryptocurrencies, who is considered the most wanted around the world in fraud operations related to the crypto sector.
The US Department of the Treasury said in a statement that “Ruja Ignatova” is wanted in the United States due to her participation in one of the largest global fraud schemes in history. This comes after the creation and promotion of the “One Coin” fraudulent currency, which has neither a blockchain platform nor a trading market.
#RujaIgnatova
The US Department of the Treasury said in a statement that “Ruja Ignatova” is wanted in the United States due to her participation in one of the largest global fraud schemes in history. This comes after the creation and promotion of the “One Coin” fraudulent currency, which has neither a blockchain platform nor a trading market.
#RujaIgnatova
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The price of Bitcoin and company shares declined
The decline in the price of Bitcoin and Nvidia shares reminded investors that the most momentum deals in the market are far from being immune bets against volatility, as the digital currency recorded one of the steepest...
Declines yesterday, Monday
Details: https://asharq.net/6011YArB7
The decline in the price of Bitcoin and Nvidia shares reminded investors that the most momentum deals in the market are far from being immune bets against volatility, as the digital currency recorded one of the steepest...
Declines yesterday, Monday
Details: https://asharq.net/6011YArB7
See original
Performance of alternative digital currencies:
The majority of altcoins are in a phase of recovery, with most of them trading in the green and some achieving slight gains compared to yesterday's prices.
The price of Solana cryptocurrency rose by nearly 9% on the day, and the bulls are trying to push the price further higher.
Among the best-performing cryptocurrencies was Chainlink (LINK), which rose by nearly 7% over the past 24 hours, followed by TON, which recorded a rise of 6%.
In the meme category, things are looking generally positive.
This category of cryptocurrencies rose by 3.5%, and some of these cryptocurrencies recorded significant increases.
The price of PEPE rose by almost 10%, WIF by 15.7% and FLOKI by 10.1% showing a noticeable recovery in the market.
Overall, the question remains whether the worst of the downturn is over or whether the market faces more volatility in the coming days.
According to the famous Fear and Greed Index, which measures emotions and feelings from a variety of sources, the market is currently in a state of fear.
This may indicate a temporary bottom, but it also reflects the uncertainty prevailing at the moment.
#tonecoin #pepe⚡ #wif #FLOKI🔥 #link
$PEPE $WIF $FLOKI
The majority of altcoins are in a phase of recovery, with most of them trading in the green and some achieving slight gains compared to yesterday's prices.
The price of Solana cryptocurrency rose by nearly 9% on the day, and the bulls are trying to push the price further higher.
Among the best-performing cryptocurrencies was Chainlink (LINK), which rose by nearly 7% over the past 24 hours, followed by TON, which recorded a rise of 6%.
In the meme category, things are looking generally positive.
This category of cryptocurrencies rose by 3.5%, and some of these cryptocurrencies recorded significant increases.
The price of PEPE rose by almost 10%, WIF by 15.7% and FLOKI by 10.1% showing a noticeable recovery in the market.
Overall, the question remains whether the worst of the downturn is over or whether the market faces more volatility in the coming days.
According to the famous Fear and Greed Index, which measures emotions and feelings from a variety of sources, the market is currently in a state of fear.
This may indicate a temporary bottom, but it also reflects the uncertainty prevailing at the moment.
#tonecoin #pepe⚡ #wif #FLOKI🔥 #link
$PEPE $WIF $FLOKI
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Market situation: Bitcoin begins to recover and maintains its price above the $60,000 level
The cryptocurrency market witnessed notable fluctuations during the past 24 hours, with the total market value reaching approximately $2.36 trillion, which is approximately the same level recorded the previous day.
In the last 24 hours, the price of Bitcoin has been subjected to significant fluctuations, and this fluctuation in the price of Bitcoin has accompanied most alternative digital currencies.
We have witnessed multiple price movements during the recent period.
Bitcoin recovers above $60,000:
Bitcoin bears were striving to push the price below the $60,000 level yesterday, and they succeeded for a short time.
The price fell to about $58,400, a level not seen since early May.
But Bitcoin price found strong support at this level and rebounded, currently trading at around $60,800.
It remains interesting to see whether the selling pressure has ended or whether there are more challenges ahead.
#bitcoin $BTC
The cryptocurrency market witnessed notable fluctuations during the past 24 hours, with the total market value reaching approximately $2.36 trillion, which is approximately the same level recorded the previous day.
In the last 24 hours, the price of Bitcoin has been subjected to significant fluctuations, and this fluctuation in the price of Bitcoin has accompanied most alternative digital currencies.
We have witnessed multiple price movements during the recent period.
Bitcoin recovers above $60,000:
Bitcoin bears were striving to push the price below the $60,000 level yesterday, and they succeeded for a short time.
The price fell to about $58,400, a level not seen since early May.
But Bitcoin price found strong support at this level and rebounded, currently trading at around $60,800.
It remains interesting to see whether the selling pressure has ended or whether there are more challenges ahead.
#bitcoin $BTC
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Bitfinex Reports Sharp Drop in Open Interest for Bitcoin Futures on the Chicago Mercantile Exchange (CME) and Other Trading Platforms
Open interest on the Chicago Mercantile Exchange fell by $220 million over the past week, while total open interest across other platforms fell by more than $450 million in the same period.
This decline caused total open interest in Bitcoin futures to fall from its all-time high, which reached $36.99 billion on June 7, to $33.3 billion.
Analysts stated that this decline in open interest (OI) coincides with the negative funding rates observed on several exchanges over the past week, and corresponds with ETF outflows, indicating a significant unwinding of funding arbitrage trades associated with those inflows.
Therefore, it is important that not all ETF outflows are interpreted as direct spot sales.
Based on the recent “Bitfinex Alpha” report, analysts predict that Bitcoin may be approaching a bottom, as heavy outflows from ETFs are often associated with the formation of local bottoms.
When Bitcoin fell below $70,000 in early June, Bitcoin ETFs in the United States saw...
Open interest on the Chicago Mercantile Exchange fell by $220 million over the past week, while total open interest across other platforms fell by more than $450 million in the same period.
This decline caused total open interest in Bitcoin futures to fall from its all-time high, which reached $36.99 billion on June 7, to $33.3 billion.
Analysts stated that this decline in open interest (OI) coincides with the negative funding rates observed on several exchanges over the past week, and corresponds with ETF outflows, indicating a significant unwinding of funding arbitrage trades associated with those inflows.
Therefore, it is important that not all ETF outflows are interpreted as direct spot sales.
Based on the recent “Bitfinex Alpha” report, analysts predict that Bitcoin may be approaching a bottom, as heavy outflows from ETFs are often associated with the formation of local bottoms.
When Bitcoin fell below $70,000 in early June, Bitcoin ETFs in the United States saw...
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Declining open interest for Bitcoin on the Chicago Mercantile Exchange indicates more pressure on prices!
The “Bitfinex” report indicated that Bitcoin could continue its downward trend according to current indicators.
The price of Bitcoin actually tested the level below $60,000 in the past few hours, but the currency returned to the rise and rose above the level of $60,000, which it is still trading at at the time of publishing this article.
The decline in the price of Bitcoin came in conjunction with continued outflows from exchange-traded funds (ETFs) in the United States at the beginning of the new week.
According to the latest weekly report from cryptocurrency trading platform Bitfinex, US spot bitcoin ETFs lost more than $100 million per day over the past week, with a total of $544.1 million in mass outflows.
Analysts at Bitfinex explained that these flows are the result of a combination of investors’ response to short-term negative news and the unwinding of fundamental/financing arbitrage strategies due to negative funding rates.
The “Bitfinex” report indicated that Bitcoin could continue its downward trend according to current indicators.
The price of Bitcoin actually tested the level below $60,000 in the past few hours, but the currency returned to the rise and rose above the level of $60,000, which it is still trading at at the time of publishing this article.
The decline in the price of Bitcoin came in conjunction with continued outflows from exchange-traded funds (ETFs) in the United States at the beginning of the new week.
According to the latest weekly report from cryptocurrency trading platform Bitfinex, US spot bitcoin ETFs lost more than $100 million per day over the past week, with a total of $544.1 million in mass outflows.
Analysts at Bitfinex explained that these flows are the result of a combination of investors’ response to short-term negative news and the unwinding of fundamental/financing arbitrage strategies due to negative funding rates.
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Ethereum Foundation Hack: Here's What Exactly Happened?
The company's official email was hacked and multiple messages were sent to mailing list subscribers.
Several suspicious emails sent from the official address update@ethereum.org led to the discovery of the hack.
These emails have been found to be fraudulent and contain malicious links that can harm recipients if they click on them.
Tim Biko alerted the public on the X platform, warning them to be careful and not click on any links or open any attachments from the hacked email.
The Ethereum Foundation uses SendPulse as its email service provider, and this is how the hackers gained access.
It appears that attackers exploited vulnerabilities in SendPulse to gain unauthorized access to the Ethereum Foundation mailing list and distribute phishing and scam emails.
Working with SendPulse to fix the issue and secure email communications is the current focus of the Ethereum Foundation.
To prevent this from happening again, they are also looking into the nature of the hack.
Beko posted a sample email to help users spot phishing scams.
Although these emails may appear to be genuine,
#HackerAlert
The company's official email was hacked and multiple messages were sent to mailing list subscribers.
Several suspicious emails sent from the official address update@ethereum.org led to the discovery of the hack.
These emails have been found to be fraudulent and contain malicious links that can harm recipients if they click on them.
Tim Biko alerted the public on the X platform, warning them to be careful and not click on any links or open any attachments from the hacked email.
The Ethereum Foundation uses SendPulse as its email service provider, and this is how the hackers gained access.
It appears that attackers exploited vulnerabilities in SendPulse to gain unauthorized access to the Ethereum Foundation mailing list and distribute phishing and scam emails.
Working with SendPulse to fix the issue and secure email communications is the current focus of the Ethereum Foundation.
To prevent this from happening again, they are also looking into the nature of the hack.
Beko posted a sample email to help users spot phishing scams.
Although these emails may appear to be genuine,
#HackerAlert
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VanEck proposes a 0.2% fee on Ethereum ETF!
Investment management firm VanEck has announced a 0.2% fee for its proposed Ethereum exchange-traded fund (ETF).
The announcement, which was outlined in a filing with the U.S. Securities and Exchange Commission (SEC), comes at a time of significant regulatory progress for cryptocurrency ETFs.
Last month, the Securities and Exchange Commission approved applications from major exchanges such as Nasdaq, CBOE, and NYSE to list ETFs tied to the price of Ethereum, the second-largest cryptocurrency by market capitalization.
This important approval allows these products to begin trading by the end of the year, providing new opportunities for investors.
VanEck is one of nine issuers, including ARK Investments/21Shares and BlackRock, seeking to launch these Ether ETFs.
Competition in this sector reflects the growing interest in providing investors with easier access to investing in cryptocurrencies without the direct ownership and risks associated with holding cryptocurrencies such as Ethereum.
An Ethereum spot ETF, like the one proposed by VanEck, allows investors to gain exposure to and gain exposure to Ethereum price movements without having to manage and store the digital asset themselves.
#ETF_ETH #vaneck
Investment management firm VanEck has announced a 0.2% fee for its proposed Ethereum exchange-traded fund (ETF).
The announcement, which was outlined in a filing with the U.S. Securities and Exchange Commission (SEC), comes at a time of significant regulatory progress for cryptocurrency ETFs.
Last month, the Securities and Exchange Commission approved applications from major exchanges such as Nasdaq, CBOE, and NYSE to list ETFs tied to the price of Ethereum, the second-largest cryptocurrency by market capitalization.
This important approval allows these products to begin trading by the end of the year, providing new opportunities for investors.
VanEck is one of nine issuers, including ARK Investments/21Shares and BlackRock, seeking to launch these Ether ETFs.
Competition in this sector reflects the growing interest in providing investors with easier access to investing in cryptocurrencies without the direct ownership and risks associated with holding cryptocurrencies such as Ethereum.
An Ethereum spot ETF, like the one proposed by VanEck, allows investors to gain exposure to and gain exposure to Ethereum price movements without having to manage and store the digital asset themselves.
#ETF_ETH #vaneck
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Money continues to drain from Bitcoin ETFs and panic increases among institutions!
A significant decline in Bitcoin ETFs:
After $545 million in outflows, Bitcoin ETFs continue to bleed at the start of this week.
The Grayscale Bitcoin ETF (GBTC) recorded its largest outflow of $90.4 million on Monday, bringing the total outflows from GBTC since its inception to nearly $18.5 billion.
Fidelity's FBTC fund also took a big hit with outflows of $35 million on Monday, and outflows have continued since mid-June, dragging assets under management down to less than $10 billion.
While most other Bitcoin ETFs have seen outflows, BlackRock’s IBIT has not recorded any outflows since its inception, although there have been several periods of no inflows recently.
The current sell-off clearly indicates a decline in early enthusiasm for the launch of spot Bitcoin ETFs, in addition to a decline in institutional interest in Bitcoin in light of the uncertainty in the global market.
Bitcoin investment products recorded $630 million in outflows last week.
Amid the current Bitcoin price correction, a significant divergence has been observed with the US stock market, especially the Nasdaq index.
A significant decline in Bitcoin ETFs:
After $545 million in outflows, Bitcoin ETFs continue to bleed at the start of this week.
The Grayscale Bitcoin ETF (GBTC) recorded its largest outflow of $90.4 million on Monday, bringing the total outflows from GBTC since its inception to nearly $18.5 billion.
Fidelity's FBTC fund also took a big hit with outflows of $35 million on Monday, and outflows have continued since mid-June, dragging assets under management down to less than $10 billion.
While most other Bitcoin ETFs have seen outflows, BlackRock’s IBIT has not recorded any outflows since its inception, although there have been several periods of no inflows recently.
The current sell-off clearly indicates a decline in early enthusiasm for the launch of spot Bitcoin ETFs, in addition to a decline in institutional interest in Bitcoin in light of the uncertainty in the global market.
Bitcoin investment products recorded $630 million in outflows last week.
Amid the current Bitcoin price correction, a significant divergence has been observed with the US stock market, especially the Nasdaq index.
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Bitcoin faces more challenges! This time by Bitcoin miners
We published a few days ago about the challenges facing the price of Bitcoin, and among these challenges is the continuous selling pressure from Bitcoin miners who sell what they extract from Bitcoin to cover operating costs and achieve profits at current prices.
But currently, speculation is growing about the possibility of Bitcoin miners capitulating as hash rate growth slows, operating costs rise, and digital currency prices continue to decline.
James Cheek assessed and analyzed selling pressure from miners to determine the severity of the sell-off in a video published on June 21.
He explained that selling miners after a mining reward fork event is completely normal.
Czech analyzed the Puell multiplier, an indicator calculated by dividing the daily issuance value of Bitcoin by the 365-day moving average of the daily issuance value.
He pointed out that the miners may not be in a state of extreme stress.
He added that if the market falls further, miners may enter a state of capitulation, noting that they are now teetering on the edge.
Analyst Willie Wu commented that Bitcoin will recover when weak miners surrender and the hash rate recovers.
Bitcoin price fell below $62,000 for the first time
#sell $BTC
We published a few days ago about the challenges facing the price of Bitcoin, and among these challenges is the continuous selling pressure from Bitcoin miners who sell what they extract from Bitcoin to cover operating costs and achieve profits at current prices.
But currently, speculation is growing about the possibility of Bitcoin miners capitulating as hash rate growth slows, operating costs rise, and digital currency prices continue to decline.
James Cheek assessed and analyzed selling pressure from miners to determine the severity of the sell-off in a video published on June 21.
He explained that selling miners after a mining reward fork event is completely normal.
Czech analyzed the Puell multiplier, an indicator calculated by dividing the daily issuance value of Bitcoin by the 365-day moving average of the daily issuance value.
He pointed out that the miners may not be in a state of extreme stress.
He added that if the market falls further, miners may enter a state of capitulation, noting that they are now teetering on the edge.
Analyst Willie Wu commented that Bitcoin will recover when weak miners surrender and the hash rate recovers.
Bitcoin price fell below $62,000 for the first time
#sell $BTC
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User loses $11 million in cryptocurrency scam
According to a report by Scam Sniffer, the victim was a representative in MakerDAO management, which adds an additional dimension to this huge loss. Arkham Intelligence confirmed this news, noting the complex nature of the fraud to which the victim was exposed.
For its part, SlowMist, a company specializing in blockchain security, explained that this huge loss is due to the risks associated with phishing signatures.
One of the main factors that facilitated this attack is the authorization granted by EIP-2612, which allows signatures to be performed without the need for prior authorization when interacting with smart contracts.
This feature, despite its benefits, allows the creation of authorization signatures without the need for network transactions, which can open up significant security risks.
This feature allows users to sign permissions to malicious websites without broadcasting those permissions to the blockchain.
Since simply having a signature grants the necessary authorization, this carries a high level of risk, as SlowMist explained.
Malicious actors can exploit this vulnerability to trick victims by pretending to be legitimate websites, making detection of compromised signatures extremely difficult since these transactions are not broadcast over the network.
According to a report by Scam Sniffer, the victim was a representative in MakerDAO management, which adds an additional dimension to this huge loss. Arkham Intelligence confirmed this news, noting the complex nature of the fraud to which the victim was exposed.
For its part, SlowMist, a company specializing in blockchain security, explained that this huge loss is due to the risks associated with phishing signatures.
One of the main factors that facilitated this attack is the authorization granted by EIP-2612, which allows signatures to be performed without the need for prior authorization when interacting with smart contracts.
This feature, despite its benefits, allows the creation of authorization signatures without the need for network transactions, which can open up significant security risks.
This feature allows users to sign permissions to malicious websites without broadcasting those permissions to the blockchain.
Since simply having a signature grants the necessary authorization, this carries a high level of risk, as SlowMist explained.
Malicious actors can exploit this vulnerability to trick victims by pretending to be legitimate websites, making detection of compromised signatures extremely difficult since these transactions are not broadcast over the network.
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Bitget platform and its role in facilitating copy trading:
Bitget is a leading copy trading solution provider, offering advanced tools and an intuitive user interface.
Thanks to its modern technologies, Bitget has been able to provide a smooth and secure trading experience for investors of all levels.
In the end, copy trading represents a golden opportunity for beginners to enter the world of digital trading with confidence and benefit from the experience of professional traders.
Thanks to platforms like Bitget, it is now possible for everyone to participate in the financial markets easily and safely.
Start now and benefit from copy trading to build a strong knowledge base and grow your investments intelligently.
How to start copy trading on Bitget
Bitget is one of the most prominent platforms that provides copy trading services to investors.
To benefit from this service, you can visit the following links to learn more about how to get started:
Instant copy trading on Bitget
Copy trading strategies on Bitget
Bitget is a leading copy trading solution provider, offering advanced tools and an intuitive user interface.
Thanks to its modern technologies, Bitget has been able to provide a smooth and secure trading experience for investors of all levels.
In the end, copy trading represents a golden opportunity for beginners to enter the world of digital trading with confidence and benefit from the experience of professional traders.
Thanks to platforms like Bitget, it is now possible for everyone to participate in the financial markets easily and safely.
Start now and benefit from copy trading to build a strong knowledge base and grow your investments intelligently.
How to start copy trading on Bitget
Bitget is one of the most prominent platforms that provides copy trading services to investors.
To benefit from this service, you can visit the following links to learn more about how to get started:
Instant copy trading on Bitget
Copy trading strategies on Bitget
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Advantages of copy trading for beginners on the Bitget platform:
Learn from experts:
By following the activities of experienced traders, you can learn their trading strategies and techniques. This provides you with a valuable opportunity to gain knowledge and understanding without the need for trial and error which can be costly.
Ease of access:
Copy trading does not require a lot of technical knowledge or trading experience. Alternatively, you can get started quickly by following simple steps to choose the trader you want to copy, and link your account to theirs.
Reducing risks:
Copy trading is based on proven trading techniques and therefore reduces the risks associated with self-trading. If you choose successful traders with a good track record, you can achieve positive returns while reducing the possibility of loss.
Time and effort:
Copy trading saves a lot of time and effort, as you do not need to constantly monitor the markets or make complex decisions. You can continue with your daily life while a professional trader manages your investments.
Access to various strategies:
Through copy trading platforms like Bitget, you have access to a variety of strategies implemented by different traders, allowing you to diversify your investments and take advantage of the best strategies available.
Learn from experts:
By following the activities of experienced traders, you can learn their trading strategies and techniques. This provides you with a valuable opportunity to gain knowledge and understanding without the need for trial and error which can be costly.
Ease of access:
Copy trading does not require a lot of technical knowledge or trading experience. Alternatively, you can get started quickly by following simple steps to choose the trader you want to copy, and link your account to theirs.
Reducing risks:
Copy trading is based on proven trading techniques and therefore reduces the risks associated with self-trading. If you choose successful traders with a good track record, you can achieve positive returns while reducing the possibility of loss.
Time and effort:
Copy trading saves a lot of time and effort, as you do not need to constantly monitor the markets or make complex decisions. You can continue with your daily life while a professional trader manages your investments.
Access to various strategies:
Through copy trading platforms like Bitget, you have access to a variety of strategies implemented by different traders, allowing you to diversify your investments and take advantage of the best strategies available.
See original
Advantages of copy trading for beginners on the Bitget platform:
Learn from experts:
By following the activities of experienced traders, you can learn their trading strategies and techniques. This provides you with a valuable opportunity to gain knowledge and understanding without the need for trial and error which can be costly.
Ease of access:
Copy trading does not require a lot of technical knowledge or trading experience. Alternatively, you can get started quickly by following simple steps to choose the trader you want to copy, and link your account to theirs.
Reducing risks:
Copy trading is based on proven trading techniques and therefore reduces the risks associated with self-trading. If you choose successful traders with a good track record, you can achieve positive returns while reducing the possibility of loss.
Time and effort:
Copy trading saves a lot of time and effort, as you do not need to constantly monitor the markets or make complex decisions. You can continue with your daily life while a professional trader manages your investments.
Access to various strategies:
Through copy trading platforms like Bitget, you have access to a variety of strategies implemented by different traders, allowing you to diversify your investments and take advantage of the best strategies available.
Learn from experts:
By following the activities of experienced traders, you can learn their trading strategies and techniques. This provides you with a valuable opportunity to gain knowledge and understanding without the need for trial and error which can be costly.
Ease of access:
Copy trading does not require a lot of technical knowledge or trading experience. Alternatively, you can get started quickly by following simple steps to choose the trader you want to copy, and link your account to theirs.
Reducing risks:
Copy trading is based on proven trading techniques and therefore reduces the risks associated with self-trading. If you choose successful traders with a good track record, you can achieve positive returns while reducing the possibility of loss.
Time and effort:
Copy trading saves a lot of time and effort, as you do not need to constantly monitor the markets or make complex decisions. You can continue with your daily life while a professional trader manages your investments.
Access to various strategies:
Through copy trading platforms like Bitget, you have access to a variety of strategies implemented by different traders, allowing you to diversify your investments and take advantage of the best strategies available.
See original
Why is copy trading the best option for beginners... Learn about its advantages
Copy trading is a relatively new concept in the world of digital trading, and it provides a unique opportunity for new investors to benefit from the experience of professional traders without requiring in-depth knowledge of the markets.
In this article, we'll go over the reasons why copy trading is the perfect choice for beginners, with a focus on the Bitget platform and important links explaining how to use this powerful system.
What is copy trading?
Copy trading is a process where you link your account to that of an expert trader, allowing you to replicate all of his trades automatically.
This system means that you execute the same trades as a professional trader, thus benefiting from his experience and knowledge without the need for your personal intervention in each trading process.
Copy trading is a relatively new concept in the world of digital trading, and it provides a unique opportunity for new investors to benefit from the experience of professional traders without requiring in-depth knowledge of the markets.
In this article, we'll go over the reasons why copy trading is the perfect choice for beginners, with a focus on the Bitget platform and important links explaining how to use this powerful system.
What is copy trading?
Copy trading is a process where you link your account to that of an expert trader, allowing you to replicate all of his trades automatically.
This system means that you execute the same trades as a professional trader, thus benefiting from his experience and knowledge without the need for your personal intervention in each trading process.
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Continued selling of Bitcoin by Bitcoin (BTC) miners: Will it end soon?
Impact of a split event on mining activity:
The Bitcoin reward fork event, which halves the block mining reward, is considered a crucial turning point in the cryptocurrency market.
Traditionally, this event leads to a difficult period for miners, as their revenues drop dramatically, prompting them to sell their Bitcoins to cover operating costs.
This phase, called miner capitulation, prolongs the period of market stress due to the constant influx of Bitcoin into the market.
Data on the Bitcoin network from various analysis platforms clearly shows this prolonged phase of miners capitulating.
Bitcoin hash bars, which are an indicator of miners' health, show continued significant pressure in the market.
These bars, which represent intense periods of miner capitulation, reflect a state of permanent stress that is preventing Bitcoin from making a sustained recovery towards its previous highs.
It can be said that the impact of sales of Bitcoin miners is a major obstacle to the recovery of the Bitcoin price.
The future depends heavily on a number of factors, including the possibility of Bitcoin's price rising to a level that makes mining profitable again.
If this rise occurs, Bitcoin miners may be able to reduce their sales,
Impact of a split event on mining activity:
The Bitcoin reward fork event, which halves the block mining reward, is considered a crucial turning point in the cryptocurrency market.
Traditionally, this event leads to a difficult period for miners, as their revenues drop dramatically, prompting them to sell their Bitcoins to cover operating costs.
This phase, called miner capitulation, prolongs the period of market stress due to the constant influx of Bitcoin into the market.
Data on the Bitcoin network from various analysis platforms clearly shows this prolonged phase of miners capitulating.
Bitcoin hash bars, which are an indicator of miners' health, show continued significant pressure in the market.
These bars, which represent intense periods of miner capitulation, reflect a state of permanent stress that is preventing Bitcoin from making a sustained recovery towards its previous highs.
It can be said that the impact of sales of Bitcoin miners is a major obstacle to the recovery of the Bitcoin price.
The future depends heavily on a number of factors, including the possibility of Bitcoin's price rising to a level that makes mining profitable again.
If this rise occurs, Bitcoin miners may be able to reduce their sales,
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“Michael Saylor” highlights the dominance of Bitcoin over other financial assets!
Bitcoin performance compared to other assets:
When we evaluate Bitcoin on an annual basis, we see that it outperforms all other assets with an average annual rate of return of 148%.
Despite this outstanding performance, Bitcoin did not achieve the expected rise during the current session, as it fell behind the performance of MicroStrategy (MSTR) stock and several mining company stocks.
Since launching Bitcoin exchange-traded funds (ETFs) in early 2024, the leading digital currency has seen a record high of $73,737 in March.
What makes this achievement special is that Bitcoin surpassed its previous peak in the last session before the fork, indicating an unconventional bullish pattern.
However, the coin is now down 12.73% from its historical highs, and the future of returning to this peak remains uncertain due to the lack of clear bullish catalysts at the moment.
Earlier this week, Bitcoin's value fell below $64,000 for the first time in more than a month.
Bitcoin is under dual pressure from significant outflows from cryptocurrency investment products and persistent inflation that prevents further interest rate hikes.
These factors led to Bitcoin faltering in regaining its usual upward momentum.
Bitcoin performance compared to other assets:
When we evaluate Bitcoin on an annual basis, we see that it outperforms all other assets with an average annual rate of return of 148%.
Despite this outstanding performance, Bitcoin did not achieve the expected rise during the current session, as it fell behind the performance of MicroStrategy (MSTR) stock and several mining company stocks.
Since launching Bitcoin exchange-traded funds (ETFs) in early 2024, the leading digital currency has seen a record high of $73,737 in March.
What makes this achievement special is that Bitcoin surpassed its previous peak in the last session before the fork, indicating an unconventional bullish pattern.
However, the coin is now down 12.73% from its historical highs, and the future of returning to this peak remains uncertain due to the lack of clear bullish catalysts at the moment.
Earlier this week, Bitcoin's value fell below $64,000 for the first time in more than a month.
Bitcoin is under dual pressure from significant outflows from cryptocurrency investment products and persistent inflation that prevents further interest rate hikes.
These factors led to Bitcoin faltering in regaining its usual upward momentum.
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Why did the price of AVAX coin drop to its lowest level in 6 months?
Significant decline in the value of AVAX:
AVAX has seen a sharp decline of 37% over the past month, reflecting the general trend of decline in the cryptocurrency market that has severely affected altcoins.
This significant decline raised many questions about the reasons behind this rapid decline.
Factors affecting the decline of AVAX:
In a post on X on June 22, a user named “Crypto Mechanic” expressed his surprise:
What's going on there?
It is the first major currency to record a new annual low this year.
Another user named “The Crypto Monk” explained that the hype cycle surrounding AVAX has ended, likening its current situation to that of Cardano in the previous cycle, reflecting pessimism about the future of AVAX.
According to a blockchain researcher known as “ZachXBT,” one of the whales transferred large amounts of the AVAX digital currency to centralized trading platforms such as Coinbase, Binance, and Gate, as well as via bridge platforms via THORChain.
The value of these transfers amounted to approximately $54.2 million, which led to the market value of AVAX falling to less than $10 billion and its ranking falling to 14th place among cryptocurrencies.
It is worth noting that this decline is not limited to the AVAX digital currency alone, but many other alternative digital currencies are also facing similar pressures.
Significant decline in the value of AVAX:
AVAX has seen a sharp decline of 37% over the past month, reflecting the general trend of decline in the cryptocurrency market that has severely affected altcoins.
This significant decline raised many questions about the reasons behind this rapid decline.
Factors affecting the decline of AVAX:
In a post on X on June 22, a user named “Crypto Mechanic” expressed his surprise:
What's going on there?
It is the first major currency to record a new annual low this year.
Another user named “The Crypto Monk” explained that the hype cycle surrounding AVAX has ended, likening its current situation to that of Cardano in the previous cycle, reflecting pessimism about the future of AVAX.
According to a blockchain researcher known as “ZachXBT,” one of the whales transferred large amounts of the AVAX digital currency to centralized trading platforms such as Coinbase, Binance, and Gate, as well as via bridge platforms via THORChain.
The value of these transfers amounted to approximately $54.2 million, which led to the market value of AVAX falling to less than $10 billion and its ranking falling to 14th place among cryptocurrencies.
It is worth noting that this decline is not limited to the AVAX digital currency alone, but many other alternative digital currencies are also facing similar pressures.
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Reasons for hacking:
“CoinStats” has not yet revealed the exact reasons for the hack, but suspicions revolve around the possibility of storing private keys on the company’s servers or the presence of vulnerabilities in the process of generating wallets within the application.
The ability of attackers to access servers and send a malicious notification indicates that there may be security vulnerabilities in the wallet creation mechanism that the attackers exploited.
So far, there have been no confirmed reports of wallets or APIs linked to CoinStats being affected.
However, some users reported draining other wallets that were connected via DeFi features, but these cases have not been confirmed by CoinStats yet.
CoinStats quickly responded and closed access to the app hours after the incident, and the app remains down while investigations continue.
The company is expected to announce more details and updates about the resumption of service in the near future.
For our part at Bitcoin Arabs, we always recommend caution and that users of the crypto market should always remain vigilant in the face of any competitions or surprise prizes in the world of cryptocurrencies. We also recommend using hardware wallets to secure digital currencies.
“CoinStats” has not yet revealed the exact reasons for the hack, but suspicions revolve around the possibility of storing private keys on the company’s servers or the presence of vulnerabilities in the process of generating wallets within the application.
The ability of attackers to access servers and send a malicious notification indicates that there may be security vulnerabilities in the wallet creation mechanism that the attackers exploited.
So far, there have been no confirmed reports of wallets or APIs linked to CoinStats being affected.
However, some users reported draining other wallets that were connected via DeFi features, but these cases have not been confirmed by CoinStats yet.
CoinStats quickly responded and closed access to the app hours after the incident, and the app remains down while investigations continue.
The company is expected to announce more details and updates about the resumption of service in the near future.
For our part at Bitcoin Arabs, we always recommend caution and that users of the crypto market should always remain vigilant in the face of any competitions or surprise prizes in the world of cryptocurrencies. We also recommend using hardware wallets to secure digital currencies.
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