The cryptocurrency market experienced a sharp Recent dip in crypto exchanges with total market capitalization declining by over 7 percent! This sudden shift has left many investors questioning the causes behind the drop and whether more losses are on the horizon.
Many factors contributed to recent crypto market dipâŠ
The recent market correction began during the late hours of New York trading on December 5, when Bitcoin (BTC) abruptly fell 5% within minutes, dropping below $93,000. After reaching an all-time high of $104,000 earlier on December 5 on Coinbase, Bitcoin plummeted by 11.5% to a weekly low of $92,055 then it had rebounded above 100k. Bitcoinâs sudden drop to $93K erased $303M in long positions within minutes!
The unexpected crash caused widespread panic among investors, triggering a sell-off across the crypto market.
Professional analysts noted that such corrections are not unusual, especially around milestone price levels, and crypto prices are still high compared to 30 days agoâŠ
$BNB Despite the marketâs recent dip Doge and BNB are correcting fast! BnB is back above 700$ level $BNB With Binance leading the crypto exchanges market, BNB will always have multiple use and increasing importance in crypto world! BNB in Binance powers transactions, pays for fees, and allows for participation in governance. It can also be used on the Binance exchange for benefits such as trading fee discounts, token airdrops, and VIP membership.
Currently, technical indicators signal Bullish 87% market sentiment on Binance Coin, while the Fear & Greed Index is displaying a score of 87 (Extreme Greed). Over the last 30 days, Binance Coin has had 16/30 (53%) green days and 6.62% price volatility.
Check if you're eligible for the $MONKY launch airdrop by entering your public wallet address at https://t.co/J7dCF8QoMj
The eligibility checker now displays final results for $FLOKI and $TOKEN holders as the December 15, 2024 deadline has passed.
The $MONKY airdrop will take place on December 20, 2024. Disputes can be made until Dec. 19 at 00:00:00AM UTC
â ïž Security Notice: The eligibility checker only requires your public wallet address. Never connect your wallet to any website claiming to check eligibility - these are scams. The official tool at https://t.co/J7dCF8QoMj simply requires pasting your public address.
The $MONKY Airdrop Will Benefit FLOKI Holders to a Large Extent.
Official launch of the Wise Monkey ($MONKY) token on the BNB chain has been announced by Ape Accelarator and Forj under Animoca Brands. According to the notification posted on the social media site, the $MONKY token is launching an airdrop that would be beneficial to FLOKI holders.
The foundation of the $MONKY Airdrop is FLOKI.
Holders of meme tokens, who have been assigned 27% of the token supply, will get the greatest amount of the airdrop, according to the tweet. As a reward for those who have already put money into the ecosystem, meme token holders will get 0.35 $MONKY for every FLOKI they own.
Distribution of $MONKY tokens is set for December 20, and a snapshot of qualified holders and stakers will be obtained on December 15 at 00:00 UTC.
Included as well are token holders, who will get 130 $MONKY for each token, or 4% of the entire supply. As a bonus for participating in the trading competition, Floki Trading Bot users will get an extra 4%.
Announcement Details for Launch
There are a total of 10 trillion $MONKY tokens in circulation, and their initial worth was $10 million at a fully diluted level. The launch is an effort to strengthen its ecosystem and show appreciation to its dedicated users.
As Bitcoin continues its glory journey through the crypto world, many analysts are shocked watching it reclaiming its price above $100,000 before the end of 2024! Why is this happening?
First, institutional adoption is gaining momentum. Companies like MicroStrategy and Tesla, alongside financial institutions like Fidelity and BlackRock, are increasing their Bitcoin, signaling growing confidence in the asset. This shift from speculative investment to mainstream acceptance provides a solid foundation for sustained price growth.
Second, regulatory clarity is slowly emerging in key markets. Countries like the U.S. are taking steps to create clear frameworks for digital assets, reducing uncertainty and attracting more investors. The approval of Bitcoin ETFs and improved custodial services have further legitimized the market.
Additionally, Bitcoinâs halving event, happened in 2024, reduced the rate of new supply entering the market, creating upward pressure on prices due to the supply-demand dynamic.
While challenges remainâsuch as potential regulatory crackdowns or macroeconomic instabilityâthe combination of institutional interest, halving dynamics, and increasing adoption could see Bitcoin flying above the $100,000 mark by yearâs end, cementing its place as a prominent asset class in global markets.$BTC $BNB $SOL #writetoearn
The Major Telegram Project is an exciting new initiative built right into the Telegram platform. Major is a star-collecting project developed exclusively for the benefits of its users as 80% tokens will be allocated to community with no lock ups or vesting. Launched on July 3rd, the game quickly attracted the attention of the Telegram community with its simple yet appealing goal of becoming the âcoolestâ Major. One can earn stars by completing tasks provided by the project. The token has high chances to be listed on Binance for which one can expect decent price on listing. The project has a great potential to make a mark in the market because its backed by strong investors.
Listing date
The Major airdrop listing date is expected around early November 2024, according to the latest updates from the game's founder. The project will gets listed on top tier exchanges like Binance and Bybit. Major will definitely provide decent tokens to its loyal community which official telegram channel has announced.
Diverse Game Genres
Players can engage in different types of games to earn stars, including Dhruv puzzle, Roulette, Hold coin. This variety ensures that thereâs something for everyone. The integration with Telegram makes it easy to invite friends, form teams, and share achievements.
Listing and price
$Major can be listed on major exchanges like Binance, Bybit and Bitget which shows its potential. The price on Pre-market is 0.012$, 0.022$, 0.1$. The price post listing can go higher based on market adoption and can be around 0.2$-0.4$.
Qualification for airdrop
In this airdrop campaign, participants are expected to complete specific tasks, such as wallet connection, referring other users and completing social tasks.
Future Potential
Major project has a great potential to benefit its users even post launch because of Major's commitment to engage and benefit its community. The project is very promising and has a great vision for future. #major #writetoearn $BNB $XRP $FLOKI
The current price is at 0.00023531, with a 24h high of 0.00024014 and a 24h low of 0.00021949. The BOLL indicator indicates an upper band at 0.00023770 and a lower band at 0.00021838.
đ Trading Signal: Based on the analysis, it looks like FLOKI/USDT may experience a potential uptrend towards the upper BOLL band. Consider entering a trade at the current price of 0.00023531 for a potential profit opportunity.
#BTC100K! $BTC Congrats to Bitcoin holders! Remember my old post about having eagle eyes and visioning Bitcoin reach 100k and more? Prophecy is reality now! Bitcoin proves day after day that it is a real top asset in our world! With market cap flying like a missile and surpassing Aramco in value we canât talk about an asset that will lose value soon! Its here to stay and prosperâšđ
During year 2024, Binance remains one of the leading cryptocurrency exchanges, offering a robust trading experience for users globally. With an intuitive interface and a wide range of supported cryptocurrencies, Binance appeals to both beginners and experienced traders. Advanced features like margin trading, futures, and staking offer greater flexibility for those seeking higher-risk, higher-reward opportunities. The platform also focuses on security, incorporating two-factor authentication and regular security audits. Despite regulatory challenges in some regions, Binance continues to innovate, introducing new products and services like AI-driven trading tools and enhanced customer support, making it a top choice for crypto enthusiasts worldwide. Also BNB was rising in price from around 250$ to more than 600$ Good luck!âđ»đ„âš #writetoearn $BNB
Binance Market Update: Top Stories December 1, 2024
According to CoinMarketCap data, the global crypto market cap is $3.42T, a 1.03% increase over the last day.Bitcoin (BTC) has traded between $95,694 and $97,179 over the past 24 hours. As of 09:30 AM (UTC) today, it is trading at $96,888, up by 0.23%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include CVX, ZRO, and THETA, up by 37%, 28%, and 23%, respectively.Top stories of the day:Japan's Financial Services Agency Revisits Stablecoin Rules, Restricts Issuance to Trust BanksXRP Market Cap Surges to $110.5 Billion, Climbs Global Asset RankingsGlobal Bitcoin ETFs Reach Record Holdings of 1.26 Million BTC Worth $123 BillionReport: 9 New Bitcoin Spot ETFs Acquire 826,792 BTC Since Launch in the U.SGrayscaleâs Crypto Portfolio Surges 85%, Fueled by Triple-Digit Altcoin GrowthMichael Saylor: 60 Public Companies Can Issue Equity to Acquire BitcoinMarket movers:ETH: $3694.89 (+0.29%)SOL: $237.11 (-2.66%)XRP: $1.9243 (+1.96%)BNB: $655.08 (-1.76%)DOGE: $0.42654 (-0.38%)ADA: $1.0698 (-3.78%)AVAX: $44.14 (-3.35%)TRX: $0.2077 (+1.27%)SHIB: $0.00002956 (+10.75%)TON: $6.767 (+2.34%)
#BSCOnTheRise Binance Smart Chain (BSC) has experienced impressive growth since its launch in 2020, emerging as one of the leading blockchain platforms for decentralized finance (DeFi) and decentralized applications (dApps). BSC offers high-speed transactions and low fees, attracting developers and users seeking alternatives to Ethereumâs congestion and high gas costs. Its compatibility with Ethereumâs ecosystem, via the use of the Ethereum Virtual Machine (EVM), has enabled seamless migration of projects and tokens. With a rapidly growing user base, BSC has hosted numerous DeFi projects, NFT marketplaces, and innovative dApps. Binance's backing provides additional credibility and resources for ecosystem expansion. While competition from Ethereum 2.0 and other Layer-1 solutions looms, BSCâs scalability and strong community position it as a key player in the blockchain space.$BNB
$BTC Bitcoinâs recent surge to an all-time high of around $99,500 has sparked renewed optimism about its future. As the worldâs leading cryptocurrency, Bitcoinâs price increase signals growing institutional adoption, enhanced scalability solutions, and a broader shift towards decentralized finance. Many analysts believe Bitcoin could continue appreciating as more investors view it as a hedge against inflation and global economic uncertainty. However, volatility remains a key concern, and regulatory scrutiny could pose challenges. While some predict further price hikes, others warn of potential corrections. Ultimately, Bitcoinâs future will likely depend on technological advancements, market sentiment, and its integration into traditional financial systems. Even if Trump team will support it, we donât forget that BTC value is increasing against United states Dollarâs declining value!