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kaymyg
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The concept of having a CEO for a 'decentralized' entity is sick in the membrane if you ask me.
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As #Bitcoin ’s market matures, the severity of drawdowns during bull market uptrends has noticeably declined! This cycle’s deepest pullback was just -32% (on August 5, 2024), compared to much sharper corrections in previous cycles. Most recent dips have stayed around -25% below local highs. 🔑 What’s Driving This Change? 1️⃣ Institutional Demand: The rising interest from institutions, fueled by spot ETFs, has brought stability and liquidity to the market. 💼 2️⃣ Market Maturity: With each cycle, participants are becoming more experienced, managing risks better, and avoiding panic selling. 🧠 3️⃣ Broader Adoption: Bitcoin is increasingly seen as a hedge against inflation and a reliable store of value. 🌍 4️⃣ Regulatory Progress: Growing clarity around crypto regulations reassures investors and reduces market fear. ✅ The reduced volatility reflects Bitcoin’s transition from a speculative asset to a mainstream financial instrument. Will this trend continue, or could macroeconomic events shake things up again? 🤔 #BTC #InstitutionalAdoption $BTC
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Tether Ban in the EU Adds to Bearish Market Sentiment The cryptocurrency market is facing increased bearish pressure as regulatory shifts in the #EuropeanUnion add to investor uncertainty. A key factor is the impending delisting of #Tether 's #USDT , the world’s largest #stablecoin , from crypto exchanges operating in the EU. This move is part of the bloc's Markets in Cryptoassets (MiCA) regulation, which takes full effect on December 30, 2024. USDT has long been a cornerstone of crypto trading, providing liquidity and a stable medium of exchange. Its removal from European markets is causing significant concern among traders and market executives, who fear a reduction in trading volumes and market depth. The absence of USDT is also forcing investors to rely on less liquid alternatives or fiat currencies like the euro, which could further dampen market activity. The timing of this development is particularly critical as other global markets, particularly the US, gear up for a potential crypto boom under Donald Trump’s incoming administration. This stark contrast in regulatory approaches is driving speculation that capital and innovation could migrate out of Europe, deepening the bearish sentiment. Combined with other macroeconomic uncertainties, the EU’s Tether ban is emerging as a key driver of the current downturn in the crypto market. let's see how it keeps up for regulated alternatives like $USDC
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