Massacre in the markets! Yesterday, investors received bad news and the market plummeted.
On November 25, 2024, Donald Trump stated that on "the first day of his term, he will implement new tariffs of 25% on products from Mexico and Canada and 10% on imports from China".
These statements were not well received by investors who withdrew positions in the market, affecting the U.S. stock exchange in a mixed manner and negatively impacting Europe and Asia.
The cryptocurrency market is also in the red following Donald Trump's post on the social network X, which had already been declining due to Jim Cramer's statements, in which he claimed that #Bitcoin is booming and that it should be held. This provoked an adverse reaction to his comments.
On the other hand, Donald Trump attributes the trade exchange with Mexico as susceptible to drug trafficking, especially fentanyl.
Bitcoin falling to $94,000. The biggest drop in Bitcoin drags down the vast majority of Altcoins. The downward trend is expected to continue in anticipation of Black Friday, Thanksgiving, and Christmas.
Why is Bitcoin and the Cryptocurrency market declining? While the futures and stock markets are rising due to the Trump effect, Black Friday, and Thanksgiving, and commodities are falling due to tensions in Ukraine; the Cryptocurrency market is declining due to statements made by Jim Cramer.
According to Elon Musk, the statements made by Jim Cramer, a famous investor and television host, who stated that "Bitcoin is a winner right now and you should own the cryptocurrency." Since then, $495,000,000 has been liquidated, the highest historical liquidation to date due to the phenomenon called "Cramer Investor Effect," which means: do the opposite of what Cramer says. #Bitcoin #Pepe
#Pepe is currently moving in this band. If you want to make profits, use it in the short term. For long-term holders, a rise is expected up to 0.000022500
Reviewing Pepe's accumulation, which is exceeding 3 trillion dollars, I could determine that in the long term it could reach 0.00003$, because they are in this position.
Currently, what I see is that there is a speculative drop caused by large whales to liquidate day traders who are short. I don't understand why Pepe is down if there is a large accumulation at 0.00003.
However, on the 4-hour chart, there is a large resistance in the area of 0.0000185 and 0.0000250. And although there is a large gain in this area, Pepe must be viewed in the long term.
#btc can reach 60.000$ considering the four-hour chart. Right now, bitcoin is in a support zone and could seek an upside to 60.000$ to enter resistance in that zone and fall back to 55.000$ #Bitcoin #BTC☀️
Why won't #PEPE go up to $1? Here are the reasons PEPE is a deflationary currency. What does this mean? That there are a huge number of tokens in circulation.
According to their White Papper, there are 420,690,000,000,000. Of which, 91.3% is allocated to the liquidity pool (391,790,000,000,000) while the rest is in a multi-signature wallet and is reserved for future inclusions.
If we take into account #Bitcoin! , it has a limited supply of 20,999,999.999.
That is why PEPE will not rise, or at least, it will be very difficult to burn those tokens in the market.
What can you make money with PEPE in the short term? YEAH
Due to its high volatility
Currently, on Binance, the largest Broker on the market, there are more than 3,000,000,000,000 betting on the upside while another more than 3,000,000,000 are betting on the downside. Keeping PEPE at a stable price.
#EΝΑ is currently moving in a pattern ranging from $0.8 to $1,030. It is good to take a position between $0.95 and $0.98 to withdraw at $1,020 and $1,030.
Beyond there I don't think it will go up since there is not enough volume for the price to skyrocket. This for now, the crypto market can change at any time and is totally unpredictable. We only rely on forecasts according to the identification of patterns.
The Halving of #Bitcoin has already taken place. Now we just have to wait and learn from the movement of the crypto asset market.
Will #BTC be breaking the downtrend? Has it reached its lowest floor of 59,678? Will it be a good time to enter the market? #ENA repeats the same pattern of #BTC $ENA $BTC
#EΝΑ could drop to $0.7 taking into account the volume so far. The Halvin has begun and there is a war between the whales (Goliath) and the trades that we resist selling (David). That is why Bitcoin has fallen so much, apart from the conflict between Iran and Israel. Do not faint and remain firm, the whales will not win. $ENA $BTC
Comparing the volume of $ENA with $SAGA GA I noticed that #SAGA🚀 GA🚀 is very low while #EΝΑ has great volume. This tells me that #SAGA🚀 GA🚀 could become a fraud while #ENA A is going to increase very pro. This is due to the whales that have invested in the project. At the time of publishing this article, #SAGA🚀 was at $4.6919 while #EΝΑ was around $1.398. If we see the volume of #SAGA🚀 it could be highlighted that it could drop to $4.0 while #EΝΑ is increasing to $2.
Accumulation at $ENA shows it could reach $2. At this moment he is fighting to reach the goal. You don't have to sell and you have to be patient #halving. #HotTrands #ENA
Traders withdrew positions at $1.3 at #ENA so there was no strength until $1.4. The gains were withdrawn as soon as it touched the 1.3 band. Let's hope for strength at $1.2 so that it exceeds $1.3 again and from there towards $1.6 #ENA $ENA
#ENA fell due to the withdrawal of positions at $0.9. It will remain at $0.8 until everyone on that position manages to enter and then withdraw above $1. to wait $ENA