The potential sale of 70,000 BTC in the United States has generated great uncertainty in the cryptocurrency market.
Some analysts fear that this massive liquidation will exert significant pressure on the price of Bitcoin, causing a temporary drop in its value. However, key figures such as Justin Sun (Trunn) and Nayib Bukele have already shown their willingness to acquire large amounts of BTC, which could cushion the impact and create a positive rebound effect.
While the U.S. manages a liquidation strategy, these players see an opportunity to consolidate their position in the market, reaffirming their commitment to cryptocurrency as a long-term store of value. However, despite the rise; we might think that BTC is growing and what is happening is a capital outflow. If we look at the graph of the last 24 hours, we see that capital is flowing out, and if we look at the 5x24 chart, there is no doubt about it. The sale by large investors is occurring; foreshadowing a short-term depreciation of BTC as they intend to enter at a lower price.
What exactly is NFT and how does it affect the cryptocurrency market?
The NFP report, or Non-Farm Payrolls report, is a monthly economic update shared on the first Friday of every month by the Bureau of Labor Statistics (BLS) in the United States of America. This report measures the number of jobs added to the US economy in the previous month, excluding the agricultural and government sectors. Considered one of the most crucial economic indicators, the NFP report provides insight into the strength of the US labor market.
The impact of the NFP report extends beyond the global economy and significantly affects the cryptocurrency market. A robust NFP report tends to push stock prices higher and strengthens the US dollar, putting downward pressure on cryptocurrency prices. Conversely, a weak NFP report can lead to lower stock prices, a weaker US dollar, and an upward push in cryptocurrency prices. It's a simple cause and effect relationship.
The on-chain lending market reaches all-time highs According to PANews, recent data from Token Terminal indicates that the total active loans in the on-chain lending market have reached an all-time high, surpassing 20 billion dollars. The previous record was set in December 2021.
According to this information published by Binance News, we can understand that; although the trend is currently downward and we are experiencing days of corrections or a possible return of the bear market. Many are going into debt believing that the trend will change…
We do not know how long it will continue to fall, but many people are trusting that the bullish trend will return sooner rather than later.
Today; a day colored by red candles, which flood the market. I wanted to show you my portfolio distribution.
I chose my distribution after realizing that dividing capital into many cryptos when one went up the other went down. The diversified portfolio seemed useless to me; so I went for #Sol . Over time I am including #BNB seduced by its potential in AirDrop, Megaairdrop and Launchpool.
Why did the cryptocurrency market crash? Here's the truth behind the fall
#CryptoMarketDip The recent fall in the cryptocurrency market is not due to internal factors within the sector, but is closely related to the broader fall of the Nasdaq, a major technology stock index. This external shock has caused a domino effect across financial markets, leading to a decline in cryptocurrency prices alongside a fall in traditional technology stocks. The domino effect: the impact of Nasdaq on cryptocurrencies 🌐
Binance has launched the Megadrop of the Solv Protocol (SOLV), its third project in Binance Megadrop. This initiative offers participants the opportunity to earn rewards in SOLV tokens by staking BNB in locked products or completing designated Web3 missions. Highlights of the SOLV megadrop Project Description:
Solv Protocol (SOLV) is an innovative Bitcoin staking platform that focuses on building a Bitcoin-centric financial ecosystem. Megadrop Timeline:
Participation begins on 2025-01-07 00:00 (UTC) and ends on 2025-01-16 23:59 (UTC). Binance Listing Date:
Trading begins on 17/01/2025 at 10:00 (UTC) with pairs SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY. How to participate in the SOLV Megadrop Log in to your Binance account. BNB Participation:
Subscribe to locked BNB products and start earning points based on the subscription period. The longer you last, the more points you will earn. Complete Web3 missions:
Participate in activities such as staking BTCB in the Solv protocol. Claim rewards:
Check participation through the Binance Megadrop page and claim rewards daily starting from 2025-01-07 05:30 (UTC). Check reward distribution:
Rewards will be automatically added to Binance Spot wallets once the campaign ends. Reward Details Total Megadrop Rewards:
588,000,000 SOLV tokens (7% of the Genesis token supply). Maximum limit per user:
Participants can claim up to 4,704,000 SOLV. Calculation formula:
Total Score = (Blocked BNB Score × Web3 Missions Multiplier) + Web3 Missions Bonus Why participate in the Solv Protocol Megadrop? Earn multiple rewards:
Eligible users can simultaneously receive rewards from Launchpool, HODLer Airdrops, and Megadrop. Exclusive SOLV listing: