On Sunday, September 8, Bitcoin is trading around $54.3 thousand, its price has fallen by about 6% over the week Red packet code BP5NZ20AKG๐๐๐งง๐งง
โขThe market reaction to the publication of US labor market data for August was mixed. Markets realized that the economy is still quite strong, and the Fed may be less inclined to aggressively cut rates.
โขThis supported the dollar, but negatively affected stock markets and cryptocurrencies.
โขThe key for all financial markets and sections - the Fed meeting on the rate on September 18 - is getting closer, but you should not expect growth of all risky assets at the moment, on the announcement of the Fed rate cut.
โขHowever, based on historical data during previous periods of US interest rate cuts, a bullish trend may begin in the crypto market starting in October. #Write2Earn #TON #Bitcoin $BTC $ETH $BNB
๐ฃ Musk's 'DOGE' Meme Sparks Speculation on Potential Government Role BP6H87HY51๐๐งง๐งง โก๏ธ Elon Musk has ignited political speculation with a cryptic meme posted on X (formerly Twitter), featuring himself behind a desk placard reading "D.O.G.E." โ Department of Government Efficiency. This comes after former President Donald Trump announced plans for a government efficiency commission if re-elected, with Musk expressing interest in serving "with no pay, no title, no recognition". #Write2Earn! #Cryptonews #USNonFarmPayrollReport $BTC $ETH $BNB
๐ฅ The meme, blending cryptocurrency references with potential political ambitions, briefly boosted Dogecoin's price. While it's unclear if Musk is seriously considering a government position, the exchange has drawn attention to the intersection of tech leadership and politics. Trump jokingly referred to Musk as "not very busy," despite his numerous roles as CEO of Tesla, SpaceX, and xAI, among others.
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McAfee Labs Finds New Android Malware Stealing Private Keys
McAfee Labs has detected a new malware, SpyAgent, that steals private keys from screenshots in a phoneโs memory. This malicious software disguises itself as banking apps or streaming services. Victims are tricked into downloading it via phishing links, after which it requests access to contacts, messages, and local storage. $BTC $ETH $ETH #Write2Earn!
Bitcoin continued to fall, reaching $55.2 thousand at one point.
Ethereum is again trading just above $2,300, which is the lowest price of "ether" since February, not counting the market collapse on August 5.
โ๏ธThe fall in the BTC and ETH rates is accompanied by a continuing outflow of capital from American exchange-traded crypto funds (ETFs).
โ๏ธAccording to the results of the trading day on September 5, the net outflow from bitcoin funds exceeded $211 million, from "ether" funds - more than $150 million.
โ๏ธDue to the drawdown in the market over the past day, more than 30 thousand traders faced liquidations of trading positions totaling about $100 million.
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โ๏ธ If OKX is not available in your country or youโre not able to pass your KYC, donโt worry! We will be announcing more exchanges shortly $BTC $ETH $BNB #Write2Earn! #CryptoMarketMoves
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Hamster Kombat AIrdrop Date and Time Initially, the much-anticipated Hamster Kombat Airdrop was scheduled for July 2024. However, due to unforeseen challenges and the team's dedication to ensuring a seamless and fair distribution process, the airdrop has been #Hamsterkombat #Airdropuoda5e #Write2Earn!
Bitcoin crashes below $50k; Ethereum, BNB fall up to 20%
Market Mayhem: Bitcoin crashes below $50k; Ethereum, BNB fall up to 20%
The popular cryptocurrency has traded in the range of $49,121.24 (low) to $61,058.94 (high) in the last 24 hours
๏ฟผCrypto Crash:ย The sell-off across the globe has led to a massive decline in equity markets and affected cryptocurrencies, with Bitcoin falling over 12 per cent in the last 24 hours. Investors have become cautious following a soft jobs report from the US, raising fears of an oncoming recession.According to data available on Binance.com,ย Bitcoin's price crashedย over 12 per cent in the last 24 hours. As of around 01:55 pm on Monday, Bitcoin was trading at $52,925.47, which is 28 per cent lower than its all-time high of $73,750. The popular cryptocurrency has traded in the range of $49,121.24 (low) to $61,058.94 (high) in the last 24 hours, registering a fall of 24 per cent in the last seven days.As per Edul Patel, Co-Founder and CEO of Mudrex, Bitcoin fell due to increased sell-offs and the Bank of Japan's decision to raise its benchmark interest rate. Patel believes that this monetary tightening strengthened the yen and caused Japan's Nikkei stock index to drop. Meanwhile, the US Federal Reserve kept its rates unchanged, and escalating tensions between Iran and Israel further pressured the market. As per Patel, Bitcoin's next support level is at $53,200, with resistance at $55,800. Ethereum (ETH), on the other hand, has faced a worse hit, tumbling over 18 per cent in the last 24 hours, with a weekly loss of 30 per cent. ETH was quoted trading at $2,358.66, over 51 per cent lower than its all-time high of $4,891.70. ETH has traded in the range of $2,122.55 (low) to $2,923.47 (high) in the last 24 hours.
Meanwhile, Binance Coin (BNB) plunged over 20 per cent in the last 24 hours and nearly 30 per cent in the last seven days. BNB was last quoted at around $417.85, 42 per cent lower than its all-time high of $720.67. It has traded in the range of $407.52 (low) to $528.69 (high) in the last 24 hours. #MarketDownturn
$BTC FREE USDT ๐๐งง a Bitcoin Crash Below $50K Still Possible? Crypto Analyst Shares the Possibilities
๐ Crypto analyst Alan Santana expects a potential Bitcoin crash below $50,000 after the recent rally to $71,000. Citing the prolonged 479-day bullish wave since November 2022, he predicts a faster bearish wave could unfold, leading to a sharp +30% crash.
โน๏ธ Santanaโs chart analysis suggests an initial drop to $60,000, followed by a bottom around $47,943โa 33% decline from current levels. He argues that after extended bullish runs, selloffs tend to be swifter as investors exit positions rapidly. If this bearish scenario plays out, it could significantly impact the broader crypto market. $ETH $ETH #FIT21 #ETHETFsApproved #TopCoinsJune2024 #BnbAth #BTC
๐ต 63 banks on the brink of default according to the FDIC ๐ต Over $500 BILLION of paper losses held by banks ๐ต Declining GDP growth with rising inflation ๐ต Over 50% of Americans believe we are in a recession ๐ฃ Lowest mortgage demand in over 30 years ๐ฃ A record $17.7 trillion in total household debt
this is insane... love Bitcoin even more now โค๏ธ