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_Genie_
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Bearish
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Blood bath in the crypto market.. are you buying in this dip or waiting for more corrections?
_Genie_
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The #crypto market lost $1B in 24 hours as traders were caught off guard by bad news after weeks of gains.
#Bitcoin fell 3.36%, dropping below $100K and wiping out $856M in long trades.
Despite these setbacks, traders are now watching closely for the next move.
Is the market getting ready for a comeback?
[Share Your Thoughts Below] ๐๐ป
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๐๐๐น๐น๐ถ๐๐ต ๐๐ฎ๐๐ฎ๐น๐๐๐ ๐๐ผ๐ฟ ๐ค๐ญ ๐ฃ๐๐บ๐ฝ ๐๐ #FTX will start paying $16,000,000,000 in claims from January 3 ๐ค Over $12,000,000,000 of these claims are in stables, which are expected to enter the crypto market. First Trump inauguration and now FTX distribution, it seems like Q1 is going to be big for #Crypto holders.
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๐จ๐๐๐บ๐๐๐๐๐ 2021 ๐ค ๐จ๐๐๐บ๐๐๐๐๐ 2025 ๐ธ1 ๐ฐ๐ ๐ฎ๐๐๐๐ ๐ป๐ ๐ฉ๐ ๐น๐๐๐๐๐ ๐ฏ๐๐๐ ๐ญ๐๐ ๐จ๐๐๐ ๐
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๐จ ๐๐๐ฟ๐ ๐ฟ๐๐ก๐๐จ๐ฉ๐๐ฃ๐ ๐๐ฃ ๐ฉ๐๐ ๐๐: ๐๐๐๐ฉ ๐๐ค๐ช ๐๐๐๐ ๐ฉ๐ค ๐๐ฃ๐ค๐ฌ ๐ From Dec 30, 2024, new #Eu rules (MiCA) will require stablecoins like USDT to: โข Be fully transparent about reserves. โข Use European banks as custodians. โข Pass regular audits. Since #USDT doesnโt meet these rules, many exchanges in the EU will stop offering USDT. What You Need to Know: โข #coinbase has already delisted USDT due to compliance rules. โข #Binance and #Cryptocom may follow soon. โข This only affects the EU: USDT remains unaffected outside the EU, and futures trading is not impacted. โข Exchanges will notify users of any changes to USDT pairs. What You Can Do: 1๏ธโฃ Move to other stablecoins like $USDC or $BUSD. 2๏ธโฃ Use platforms like Curve or Uniswap for swaps. 3๏ธโฃ Stay updated on changes from exchanges. Stay prepared and protect your funds! ๐
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๐๐๐๐๐ฟ: ๐๐จ ๐๐ฉ ๐ฉ๐๐ ๐๐๐ญ๐ฉ ๐๐๐ฟ๐ ? With #USDT delisting on December 31, 2024, due to regulatory changes, could Rippleโs #RLUSD stablecoin take its place? RLUSD is launching on Uphold in January 2025, bringing a stable and compliant option to #Ripple โs #DeFi ecosystem. Is $RLUSD the future of stablecoins in 2025?
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