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VIKAS JANGRA
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๐ Wondering about Bitcoin's August performance? Let's dive into the numbers from 2021 to 2023 to understand the trends and what they might mean for 2024! 1๏ธโฃ **The Drop**: From 2021 to 2023, August has seen varied performances: - **2021**: Started at $41,460 and ended at $47,160 (+13%) - **2022**: Started at $23,300 and ended at $20,000 (-15%) - **2023**: Started at $29,200 and ended at $25,900 (-12%) On average, Bitcoin has historically shown a -5% change during August. 2๏ธโฃ **Inflow and Outflow**: The flow of funds has been intriguing: - **2021**: Inflow of +$308.48M - **2022**: Outflow of -$407.33M - **2023**: Outflow of -$789.33M 3๏ธโฃ **Active Users and Volume**: User engagement and trading volume have seen fluctuations: - **2021**: Started with 909k active users, ended with 925k (+1.7%), with a 20% rise in volume. - **2022**: Started with 944k active users, ended with 966k (+2.3%), but volume dropped by 4%. - **2023**: Minimal change in active users (+0.1%), with a 13% drop in volume. 4๏ธโฃ **Rainbow Chart Insights**: Reflecting investor sentiment: - **2021**: HODL phase - **2022**: Fire sale - **2023**: Bitcoin is dead Now in a buy stageโcould this indicate a turnaround? ๐ Stats show August as historically challenging for Bitcoin, but each year brings new dynamics. What do you think will happen in August 2024? Share your thoughts! ๐๐ฌ #Bitcoin #CryptoMarkets #bitcoin #InvestingInsights #BTC
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Hamster Kombat's Potential Binance Listing and What It Means ๐ ๐น๐ฎ Big things are happening as Binance hints at listing Hamster Kombat ($HMSTR)! The crypto community is abuzz with curiosity and enthusiasm over this potential move. ๐ ๐ Listing on Binance: After appearing on CoinMarketCap, Hamster Kombat has landed on Binance, paving the way for easier access and trading once launched. Binance's decision underscores its commitment to diversity in tokens and strengthens its position as a leading exchange. ๐ฎ Massive Community: With over 300 million users and 50 million daily players in its tap-to-earn game, Hamster Kombat brings a massive community to Binance. The upcoming Token Generation Event promises even more growth and opportunities. ๐ Delayed Launch: Originally slated for July 2024, the token generation event has been delayed due to technical challenges related to a historic airdrop involving 250+ million users. Despite this, $HMSTR is available for pre-market trading on platforms like Gate.io, OKX, KuCoin, and others. ๐ What's Next: The crypto world watches closely as Hamster Kombat resolves technical issues. If listed on Binance, $HMSTR could mark a significant milestone. Stay tuned as this story unfolds! #CryptoNews๐๐ฅ #Hamsterkombat #binancelisting #Blockchain #CryptoCommunity
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#BITCOIN DUMP REASON ๐จ
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๐ Wondering why the crypto market took a tumble? Here are the key reasons behind the recent downturn: ๐ถ **Genesis Moving $1.5B $BTC and $ETH:** Large movements to repay creditors can impact market sentiment. ๐ถ **US Unemployment Rate Rise:** Up to 4.30% from 4.10%, influencing economic outlook. ๐ถ **Global Stock Market Losses:** Over $2.9 trillion wiped out, affecting investor confidence. ๐ถ **Fed Interest Rates Unchanged:** Rates remain at 5.25% - 5.50%, influencing investment decisions. ๐ถ **Fed's Inflation Stance:** Waiting for sustainable inflation before rate cuts affects market expectations. ๐ถ **BTC ETF Outflow:** Recent net outflow of $237.4M from US Spot BTC ETF added selling pressure. ๐ These factors combined contributed to #Bitcoin's drop from $70k to $60k in just 4 days. Stay informed to navigate market shifts!
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Smart Ethereum Investor with 100% Win Rate Buys 4,000 ETH Again ๐ Notable Moves in Crypto: A prominent Ethereum investor has recently made headlines by purchasing 4,000 ETH worth approximately $12.58 million. Known for their strategic prowess, this investor boasts a flawless track record, having profited over $38 million from seven previous ETH trades between Nov '22 and May '24. However, their latest move hasn't been as lucrative. Since acquiring 17,012 ETH at an average price of $3,587 per ETH on May 29, they currently face a paper loss of around $7.6 million as ETH prices have dipped. Now, the crypto community eagerly awaits their next move: will they hold out for a rebound or sell to mitigate losses? As always, the future holds the answers, but their past successes hint at potential strategies. Stay tuned as this Ethereum investor navigates the volatile market waters once again. ๐๐ธ #CryptoInvesting #Ethereum #ETH #EtheruemETF #etherreum
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