🔥🔥🔥CRYPTO MARKET: $1.7 BILLION DOWN‼️
The cryptocurrency market was shaken by the recent sharp decline. Many crypto assets, especially Bitcoin (BTC) and Ethereum (ETH), experienced significant losses in value. This decline led to major liquidations in leveraged transactions.
#elg #escoin #eth #escointoken #btc

THE DECLINE IN THE CRYPTO MARKET CONTINUES AFTER THE FED'S INTEREST RATE CUT
#escoin #elg #EscoinToken #bitcoin #xrp
The US Federal Reserve (Fed) lowered the policy rate by 0.25 points to 4.25%-4.5% on December 18, 2024. This was the third consecutive interest rate cut in 2024. However, the Fed stated that interest rate cuts would be slower in 2025 and emphasized that it would take a cautious approach in the fight against inflation.

Following this statement, there were sharp declines in cryptocurrency markets. The price of Bitcoin (BTC) fell by 5.8% to $99,279. The intraday high was $105,487 and the low was $98,809.

Ethereum (ETH) also fell by 7.2% to $3,587. The intraday high was $3,895 and the low was $3,562.
Analysts state that the hawkish statements made by the Fed after the interest rate cut decision reduced investors' risk appetite, which increased the selling pressure in cryptocurrency markets. In particular, the signal that interest rate cuts will slow down in 2025 increased uncertainty in the markets and led investors to be cautious.
Technical analysis,

sources ..

• Federal Reserve issues FOMC statement. (2024, December 18). Federal Reserve.

• Fed slashes rates but signals slower pace of cuts in 2025 - Dow plunges more than 1,100 points. (2024, December 18). New York Post.
• Ethereum Forecast and Analysis for December 19, 2024. (2024, December 19). Forex24.pro.

FLUCTUATIONS IN THE CRYPTO MARKET: BTC AND ETH
#escoin #elg #EscoinToken #MarketCorrectionBuyOrHODL
There have been fluctuations in the cryptocurrency market recently. Bitcoin (BTC) rose to 98,400 $ , then fell and found strong support around 94,000 $ . Ethereum (ETH) fell to 3,322 $ , then recovered to around 3,460 $ .
Market data shows that high leverage positions are being liquidated and long positions are concentrated around 92,000 $ . In order for short positions to be liquidated, the market needs to show a recovery towards the 100,000 $ level. Political developments in the US and the Federal Reserve's policies are expected to have a limited impact on the BTC price.

Although a downward trend line is seen on the hourly charts, the market has stabilized at strong support levels. Therefore, there is an environment where downside risks are limited for investors and recovery opportunities can be evaluated.
Recommended Trading Strategies:

• BTC: Long position in the range of 95,800-96,300 $ ; target: $ 100,000.

• ETH: Long position in the range of 3,340-3,370 $ ; target: $3,550.

As a result, despite the fluctuations in the cryptocurrency market, strong support levels are maintained and offer opportunities for investors.
- The information contained in this article is never investment advice and is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️
ESCOINTOKEN
$BTC $ETH

NASDAQ AND TRUMP IMPACT ON BITCOIN AND CRYPTO MARKET
#escoin #elg #EscoinToken #btc #xrp
MicroStrategy will be included in the Nasdaq-100 Index on December 23, 2024. This development is considered as a result of the increase in share value thanks to the company's huge Bitcoin investments (Reuters, 2024). This situation once again reveals that the crypto market is increasingly important in the financial world.
Donald Trump's intention to consider Bitcoin as a strategic reserve for the USA and to make the country a leader in the crypto sector has had a great impact on the market (El País, 2024). Following this statement, Bitcoin's value exceeded $ 100,000 and it is predicted that there may be a temporary contraction in the altcoin market (WSJ, 2024). However, in the long term, crypto assets are expected to integrate more with the traditional financial system.
The fact that the Trump family's blockchain project WLFI doubled its Ethereum assets to $ 75 million in total is an indication that it may create significant opportunities for altcoins in the future.
Conclusion: MicroStrategy's inclusion in Nasdaq and the positive signals from the Trump administration indicate that the crypto market will experience a new boom period in the next 5-10 years. This process offers great opportunities for individual and institutional investors.
ESCOINTOKEN
References
• Reuters. (2024). MicroStrategy secures Nasdaq-100 inclusion after Bitcoin-fueled stock surge.
• El País. (2024). Trump's strategic Bitcoin reserve and its implications.
• WSJ. (2024). Bitcoin Hits $100,000, Lifted by Crypto-Friendly Policies.
$BTC $ETH

TECH GIANTS ARE RUNNING FOR $4 TRILLION‼️

#binance #escoin #elg
Wedbush Securities analyst Dan Ives states that Apple, Microsoft and Nvidia are in a big race in terms of market values. Ives predicts that these giants will exceed the $3 trillion mark by the end of 2024 and are heading towards $4 trillion. It is estimated that Apple's artificial intelligence (AI)-based iPhone 16 launch in particular will trigger this growth and make the company the first US company to reach a market value of $4 trillion.

Ives states that Apple's iPhone sales will exceed 240 million units in the coming months and that 20% of the world's population will use AI through Apple devices. It is predicted that Microsoft and Nvidia will also follow Apple closely in this race due to their leadership in AI technologies. Nvidia, in particular, is a leader in AI-focused chip production, and Microsoft plays an important role in this competition with its AI solutions.

CONCLUSION: In this race of technology giants, striking growth in market values ​​is expected due to the impact of the AI ​​revolution.

#btc #escointoken $BTC $ETH
Source:

• Benzinga, “Nvidia, Apple, And Microsoft In Race For $4 Trillion Market Cap,” 2024.
• Markets Insider, “Nvidia, Apple, Microsoft Race Toward $4T Market Cap: Analyst Expects AI-Driven Tech Rally,” 2024.

CME BITCOIN FUTURES OPEN POSITION RECORD: $12.26 BILLION‼️

#bitcoin #escoin #elg
As of October 18, the open interest (Open Interest - OI) of Bitcoin futures contracts traded on the Chicago Mercantile Exchange (CME) reached a historic peak of $12.26 billion. This increase has exceeded the previous record set in April by 3.5%, with a 36% increase in the last two weeks. It is seen that the interest and participation of institutional investors has increased, especially during this period when Bitcoin Spot ETF approvals are awaited. While this intense interest from investors indicates that they expect an increase in market prices, it is noteworthy that hedge funds are in the market with short positions.

This significant increase shows that institutional demand for Bitcoin futures continues. This trend is expected to continue as the November expiration approaches, marking a significant turning point in Bitcoin derivatives markets.

🔥🔥🔥Conclusion: This historic level of open interest in CME Bitcoin futures is a sign of institutional confidence in crypto markets, suggesting continued growth in derivatives‼️
#btc #escointoken $BTC $ETH

- The information contained in this article is never investment advice and is for accurate and up-to-date informational purposes only. STAY TUNED‼️ Be sure to do your own research❗️

References:

•The Block, “Bitcoin Futures Open Interest on CME Hits All-Time High,” October 2024.
•The Cryptocurrency Post, “Historic Record in Bitcoin Futures Open Interest on the CME,” October 2024.

MEMECOIN SUPER CYCLE: COMING SOON❓

#escoin #btc #elg
MemeCoins have gained popularity thanks to their viral marketing and community-focused structure. According to crypto expert Satoshi Nakamoto, MemeCoins offer a profit opportunity especially for ordinary investors who follow the Ethereum ecosystem closely. The key to success is to create an information advantage by constantly connecting with relevant MemeCoin communities.

However, it is impossible to follow every trend or hot topic in the crypto market. Instead, it is important to focus on large-scale opportunities and act at the right times without getting carried away by small-scale, short-term trends. While Nakamoto emphasizes that MemeCoins can be an easy entry point for some, he emphasizes that the real challenge is knowing when to act. Following the right community and being knowledgeable can increase the chance of success in this volatile crypto environment.

However, investors should be careful. MemeCoins can be highly speculative and carry a high risk of loss. Investment decisions should always be based on thorough research.

🔥🔥🔥Conclusion: A MemeCoin supercycle may be on the horizon, but success depends on selective participation and informed action‼️
#binance #escointoken $BTC $ETH

- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes only. STAY TUNED‼️ Be sure to do your own research❗️


Sources:

• Nakamoto, Satoshi. Bitcoin Whitepaper, 2008. • CoinTelegraph, “Will MemeCoin Cycles Return?”, 2023. • Forbes, “The Rise of MemeCoins: Trend or Trap?”, 2023.

RUSSIA WARNING ON USING FROZEN ASSETS: RISK OF GLOBAL FINANCIAL CRISIS

#binance #escoin #elg
The Russian Finance Ministry said that the G7’s plan to use frozen Russian assets to help Ukraine could cause serious disruptions in the global financial system. Deputy Minister Ivan Chebeskov emphasized the dangers of using the US dollar as a weapon in the global financial system if these assets are used. Russia, in response to these sanctions, has begun using foreign assets in the country.

🔥🔥🔥Conclusion: Use of frozen assets could pose serious risks to the global financial system‼️
#btc #escointoken $BTC $ETH

References:

1. Business Insider, “Russia’s Frozen Assets,” 2024.
2. Reuters, “G7 and Russia,” 2024.

TRUMP PROMISES BITCOIN FANS TO PARD SILK ROAD FOUNDER ULBRICHT

#Btc #escoin #elg
Donald Trump, while addressing Bitcoin users, has once again promised to pardon Silk Road founder Ross Ulbricht. Trump called for Ulbricht’s release, emphasizing the historical impact of the Silk Road platform, which played a significant role in Bitcoin’s initial launch, in terms of digital payment systems. Ulbricht was arrested by the FBI in 2013 and sentenced to a long prison term for running the platform, which enabled the anonymous sale of illegal goods.

Trump argues that Ulbricht’s sentence is severe and argues that pardoning him would contribute to libertarian values. Many, especially in the cryptocurrency community, find Ulbricht’s sentence unnecessarily harsh, while others oppose this view on the grounds that it encourages illegal activities. With this promise, Trump is supporting cryptocurrencies, which he previously described as “risky,” while also seeking to gain votes from the crypto community. These developments point to a complex period in the interaction of crypto technologies with law and politics.

Trump’s statements continue to create debate in the crypto world, and Ulbricht’s fate continues to carry symbolic importance for the crypto community.

#Binance #escointoken $BTC $ETH

References:

• Lee, Z. (2024). Trump pledges to free Silk Road founder Ross Ulbricht. CoinTelegraph.

• Blockonomi. (2024). Trump reaffirms commitment to free Ross Ulbricht, founder of Silk Road.

VISA AND COINBASE COLLABORATION TO MAKE INSTANT BITCOIN AND CRYPTO PURCHASES POSSIBILITY‼️

#Binance #escoin #elg
Visa and Coinbase have introduced a new feature for users in the US and Europe, making it possible to purchase cryptocurrencies instantly with Visa debit cards. This innovation allows users to move faster on the stock exchange, especially by making instant crypto transactions with a debit card. This feature, which can be integrated into a Coinbase account, facilitates users' buying and selling transactions and allows them to remain active in the crypto market. Thanks to the crypto asset regulations (MiCA) in the European Union, such integrations are expected to become even more widespread.

🔥🔥🔥In conclusion, this move by Visa and Coinbase is an important step in bringing the world of traditional finance and digital assets closer together‼️
#btc #escointoken $BTC $ETH

Sources:

• Coindesk, “Coinbase and Visa Launch Real-Time Crypto Purchases”
• Markets Insider, “Visa, Coinbase Partner to Enable Real-Time Bitcoin Transactions”

END OF THE ROAD FOR SEC CHAIRMAN: NEW HOPE IS RISING IN CRYPTO MARKETS‼️

#binance #escoin #elg
The anti-crypto stance of US Securities and Exchange Commission (SEC) Chairman Gary Gensler may be coming to an end. Kamala Harris and Donald Trump are nominating crypto-friendly candidates for the SEC. Harris is considering Chris Brummer and Erica Williams, while Trump is supporting Dan Gallagher. This change could ease cryptocurrency markets and lead to new regulations.

🔥🔥🔥CONCLUSION: SEC's new chairman could herald positive changes in the crypto world‼️
#btc #escointoken $BTC $ETH

FLUCTUATIONS AT CRITICAL SUPPORT: SHORT-TERM STRATEGIES FOR BTC AND ETH

Bitcoin (BTC) fell to 91,500 during the day and recovered to 92,500 without breaking the critical support of 90,000. However, the strong downtrend on the 4-hour charts suggests that the market may be pressured by short-term pullbacks. In this context, the profit-taking strategy in the 95,000 region and the stop-loss level near 92,500 provided a gain of 2,000 points for BTC and 100 points for ETH.

In technical analysis, it is recommended to open a short position with a target of 90,000 from the 92,800-93,300 band of BTC, while a sale target of 3,250 from the 3,350-3,380 levels is considered appropriate for ETH. In particular, BTC breaking the 90,000 level could accelerate the downward trend. Otherwise, support at this level could pave the way for the price to recover towards 93,000.

As a result, although market data supports a downward trend in the short term, BTC's historically strong November performance is promising in the long term. Therefore, investors are advised to be careful about short positions and review their strategies according to fluctuations that may occur at critical levels.
#bitcoin #escoin #binance #elg #escointoken $BTC

- The information contained in this article is never investment advice and is for accurate and up-to-date information purposes. STAY TUNED‼️ Be sure to do your own research❗️
$ETH

BTC RISE STRATEGY: BE CAREFUL WITH THE 66,500 RESISTANCE‼️

#bitcoin #escoin #elg
The Bitcoin (BTC) market fell to 62,500 levels in the morning hours, but there was a strong recovery. BTC rose to 64,000 at noon, and continued its upward momentum by breaking the 65,000 resistance level in the afternoon. With the opening of the US stock exchanges, BTC rose to 66,300 levels. However, one of the short-term transactions made in the evening hours resulted in a loss of 1,646 points. Ethereum (ETH) also rose in synchrony with BTC and showed an increase of 20 points.

The daily candlestick chart shows that BTC is in a strong upward trend, but is stuck at the 66,500 resistance. If this level is not broken, the price could pull back to 65,000. The market is expected to fluctuate around 66,000 throughout the night. In short-term strategies, short positions at high levels and long positions at low levels are prominent. The market is generally in an uptrend, but attention should be paid to key resistance levels.

Conclusion: Following the trend and considering critical resistance levels in BTC and ETH transactions is vital to optimize profits.

#binance #escointoken $BTC $ETH

SHIBA INU: PRICE PREDICTIONS FOR 2024 AND AFTER

#binance #escoin #elg
The price of Shiba Inu (SHIB) may fluctuate significantly, especially in 2024. The average price of SHIB is expected to be $0.00002363 by the end of 2024, while the maximum value can reach $0.0000375. Experts predict that the price increase will continue for 2025, with prices fluctuating between $0.00003151 and $0.000046. This growth is thought to be related to the development of SHIB's ecosystem and increased community adoption.

The predictions for 2030 are quite optimistic. Analysts say that SHIB’s price could range from $0.00006333 to $0.00401, and could grow by over 200%. However, it should be noted that this increase is largely dependent on market conditions and investor interest.

As a result, the price of Shiba Inu could increase in the coming years, but due to the volatility and market dependency of this cryptocurrency, it is important for investors to be careful.

#btc #escointoken $SHIB

- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED‼️ Be sure to do your own research❗️

DEUTSCHE TELEKOM STARTS BITCOIN MINING WITH GREEN ENERGY🚀

German telecom giant Deutsche Telekom has turned to Bitcoin mining using excess energy from renewable energy sources. The company aims to reduce its carbon footprint by transferring excess energy to Bitcoin mining and offers an innovative model to make Bitcoin's energy-intensive structure more environmentally friendly. Deutsche Telekom plans to instantly adjust mining activities according to electricity demand, especially with an approach similar to the energy balancing model in Texas. In this system, mining operations are stopped when there is an energy shortage, and activities are restarted when there is an energy surplus. The company also aims to offer environmentally friendly solutions by developing its previously launched blockchain node infrastructure and sets a new example in this field.

This step by Deutsche Telekom comes at a time when initiatives aimed at reducing the environmental impact of blockchain technology are increasingly gaining attention. The company continues to play an active role in the sector by providing infrastructure support for various blockchain networks, such as running nodes on the Bitcoin Lightning Network, in addition to mining.

🔥🔥🔥As a result, this pilot project by Deutsche Telekom shows that sustainable mining models based on energy efficiency can set an example for other companies‼️

Sources:

• Ledger Insights, 2024. Deutsche Telekom plans Bitcoin mining pilot to improve energy efficiency. Available at: www.ledgerinsights.com
• Analytics Insight, 2024. Deutsche Telekom’s Eco-Friendly Bitcoin Mining Pilot. Available at: www.analyticsinsight.net #Binance #escoin #elg #btc #escointoken $BTC $ETH

EL SALVADOR IS IMPROVING ‼️#Binance#escoin #elg
El Salvador became the 8th safest country in the world in 2024 thanks to the intense security policies of the Nayib Bukele government. According to a CID Gallup survey, 88% of Salvadorans feel safe walking alone at night. The country achieved great success in terms of security, recording only 154 homicides in 2023. El Salvador, historically known as one of the most dangerous countries in the world, is now a regional leader. This success sets an example for other Latin American countries.
#escointoken #doge #mbox

CENTRAL BANK OF THE UAE APPROVES STABLECOIN ISSUANCE‼️

#Binance #escoin #elg
The Central Bank of the United Arab Emirates (UAE) has approved the issuance of a new stablecoin pegged to the local currency, the dirham (AED). This digital asset, called AE Coin, will be used primarily for regular payments and local transactions. The launch of the stablecoin will make a significant contribution to the country’s digital economy strategy in line with the 2025 Digital Government Strategy.

The key element of trust behind the stablecoin is that these digital currencies are backed by reliable assets such as the dirham. The Central Bank of the UAE has taken important steps regarding digital currencies within the scope of the Financial Infrastructure Transformation Program (FIT) in recent months and is currently in the second phase of these steps. It is anticipated that the stablecoin will accelerate large transactions in the luxury goods and real estate sector and popularize the use of digital payments. It is also emphasized that work on the central bank digital currency (CBDC) continues in the future   .

This development is seen as an important step towards making the United Arab Emirates the center of digital assets. Thanks to the regulatory framework, investor security and financial stability will be protected and innovations will be supported.

Conclusion:
UAE's stablecoin approval is an important step that strengthens its leadership goals in the digital economy.
#btc #escointoken $BTC $ETH

Sources:

• Cryptopolitan. UAE Central Bank Approves Issuance of Stablecoin Regulation. Cryptopolitan, 2024.
• Crypto News Flash. UAE Central Bank Approves Launch of AED-Pegged Stablecoin. Crypto News Flash, 2024. • Coinpri. UAE Central Bank Sets Milestone For Stablecoins. Coinpri, 2024.

GRAYSCALE DIGITAL LARGE CAP FUND TURNS INTO ETF: NEW DOOR FOR CRYPTO INVESTMENTS‼️

#binance #escoin #elg
Grayscale Investments has filed with the U.S. Securities and Exchange Commission (SEC) to convert its $524 million Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF). The fund offers a broad range of investments in major crypto assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Avalanche (AVAX). This move will be Grayscale’s third move after converting its Bitcoin and Ethereum funds into ETFs.

Grayscale’s conversion is part of a strategy to make crypto investments more accessible to traditional investors. If it receives SEC approval, investors will be able to access crypto assets through a regulated investment vehicle. The company’s application reflects the growing demand for crypto asset ETFs. Firms such as Canary Capital and Bitwise have also filed applications for XRP and Litecoin ETFs. However, these applications have not yet been finalized, indicating that regulatory uncertainty still remains.

This move is an important step towards increasing the variety of financial products to provide broader and more regulated access to crypto investments. Grayscale’s long-term goal is to make the crypto asset class more attractive and accessible to institutional and individual investors.

CONCLUSION: Grayscale’s move could be a significant turning point in the investment world by increasing access to crypto markets.
#btc #escointoken $BTC $ETH References 1. Blockonomi, 2024. “Grayscale Seeks to Convert Multi-Crypto Fund to ETF” [Access: 16 October 2024].
2. CoinJournal, 2024. “Grayscale wants to convert its mixed-crypto fund into an ETF” [Access: 16 October 2024].
3. Coinspeaker, 2024.“Grayscale Eyes Multi-Crypto ETF” [Accessed: 16 October 2024].