Morning market condition The market is in the red today, mo | DigitalDuid on Binance Square

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Morning market condition
The market is in the red today, most alts are red. BTC is currently trading around $67,800, ETH is trading around $3,840.
Bitcoin dominance: 53.86%;
Fear 
and Greed Index: 72 (greed);
Altseason index: 35;
Market capitalization: $2.48 trillion.#$BNB 

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Experts have restored access to a crypto wallet with $3 million worth of bitcoins Experts helped the investor recover the password to the crypto wallet on which 43.6 BTC was stored. A man created a crypto wallet in 2013 and generated a 20-digit password using the RoboForm application. He kept the password encrypted, but when the file became corrupted, he lost access to the assets. Almost 10 years after the incident, the investor turned to hacker Joe Grand for help, who discovered a vulnerability in RoboForm and guessed the password to the crypto wallet, restoring access to $3 million.

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A trader earned $650,000 in 5 hours with an investment of $861 thanks to memcoin The user increased his investment by 762 times in about five hours, turning $861 into $650,000 by trading MOTHER memcoin on the Solana network. He spent 5.14 SOL ($861 at the time) to purchase 86.55 million MOTHER, which was 8.66% of the total token supply. About five hours later, the trader sold 80.41 million MOTHER for 3,035.5 SOL, which is valued at $509,000. At the time of writing, he still has 6.14 million MOTHER left, worth about $148,000. Lookonchain noted that the trader is most likely not an insider, since before purchasing the MOTHER token, he traded almost 700 coins and suffered losses. His percentage of winning trades was less than 25%.

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Morning market condition The market is positive today, most alts are green. BTC is trading around $68,600, ETH is trading around $3,860. Bitcoin dominance: 53.79%; Fear and Greed Index: 72 (greed); Altseason index: 43; Market capitalization: $2.5 trillion. $BTC

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Trader received 419x on Shiba Inu memcoin An unknown investor made more than $1.24 million in three and a half years by investing in the Shiba Inu memcoin (SHIB). On February 1, 2021, he spent 2 ETH ($2,625 at the time) to buy 49.08 billion SHIB. Yesterday he sold SHIB for 278.7 ETH ($1.23 million), earning 419x from the position. $SHIB

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### What is the Pre-Market in the Cryptocurrency Market? Trading in traditional financial markets has several limitations that are absent in the blockchain industry, particularly regarding operating hours. Traditional exchanges have fixed schedules, limiting traders' opportunities. To address this, platforms introduced pre-market trading, allowing trades between sessions. This concept also exists in the blockchain market but focuses on preliminary trading of not-yet-issued tokens. The cryptocurrency pre-market involves off-exchange deals trading announced but not-yet-released tokens. It operates on a P2P system where buyers and sellers lock assets as guarantees. On the issuance day, the seller transfers the token to the buyer, triggering payment and deposit returns. If the deal fails, the platform compensates the buyer with the seller's deposit. Unlike spot markets, pre-market trading starts post-announcement and ends before or at the TGE (Token Generation Event). The decentralized protocol Whales Market and exchanges like Bybit and KuCoin support this trading type. Pre-market trading offers opportunities to buy tokens cheaper than post-listing prices but comes with risks of overpaying. Sellers may benefit from low pre-market prices. This trading can help gauge an asset's spot market value despite low liquidity. It's also useful for airdrop hunters and sale participants to secure post-TGE profits or await exchange listings. The pre-market is a new tool for P2P deals with announced tokens, offering potential but requiring risk consideration. It provides new trading opportunities in the cryptocurrency market.

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