Almost all coins are going down by 0.5-1%, and the two coins I am long have gone down by 3-4%, what should I do now, but these coins are not moving much when other coins are going up $1MBABYDOGE
The sudden drop in Bitcoin prices today may be caused by a combination of several factors, including:
1. Negative Market Sentiment: Negative news, such as potential new government policies tightening cryptocurrency regulations, often trigger sell-offs by investors.
2. Global Economic Concerns: Economic uncertainty, such as reports of high inflation or larger-than-expected interest rate hikes, can drive investors away from risky assets like Bitcoin.
3. Whale Sell-offs: Large Bitcoin holders (whales) selling significant volumes can create downward price pressure, leading to further declines due to a domino effect of liquidated positions.
4. Market Manipulation: Actions such as "pump and dump" schemes or short selling can cause sudden price fluctuations.
5. Technical or Security Issues: Reports of vulnerabilities in the Bitcoin network or hacks on exchange platforms can erode investor confidence, triggering sell-offs.
6. Speculation and High Volatility: The crypto market is highly volatile, and price changes are often driven by speculation without clear fundamental reasons.
7. Market Corrections: If Bitcoin prices have previously surged, natural price corrections may occur as investors take profits.
To better understand the specific causes of today’s decline, investors typically monitor:
The latest economic data.
Central bank or government policy announcements.
Major news related to cryptocurrencies, such as new regulations or exchange platform breaches.
The United States Nonfarm Payrolls (NFP) report for October 2024 showed an increase of 150,000 jobs, below market expectations of 180,000.
This data indicates a cooling labor market, which could influence the Federal Reserve's decisions regarding interest rate policies.
In the context of the crypto market, particularly Bitcoin, NFP data often triggers price volatility.
Higher interest rates tend to make borrowing more expensive, potentially negatively impacting assets like Bitcoin, where traders frequently use leverage to gain profits.
Therefore, NFP data that falls below expectations can ease concerns over further interest rate hikes, providing a positive sentiment for the crypto market.
Following the release of the NFP data, Bitcoin's price was recorded around $34,500.
This level is close to the lower boundary of the Fair Value Gap at $34,466, which is likely to act as the nearest resistance.
Support can be found at the 10-day Exponential Moving Average (EMA) at $34,325.
A drop below the 50-day EMA at $34,296 could invalidate the bullish thesis for Bitcoin's price.
Overall, weaker-than-expected NFP data may provide a positive boost to the crypto market. However, investors should continue monitoring monetary policy developments and other economic indicators to understand the market's future direction.
The United States Nonfarm Payrolls (NFP) report for October 2024 showed an increase of 150,000 jobs, below market expectations of 180,000.
This data indicates a cooling labor market, which could influence the Federal Reserve's decisions regarding interest rate policies.
In the context of the crypto market, particularly Bitcoin, NFP data often triggers price volatility.
Higher interest rates tend to make borrowing more expensive, potentially negatively impacting assets like Bitcoin, where traders frequently use leverage to gain profits.
Therefore, NFP data that falls below expectations can ease concerns over further interest rate hikes, providing a positive sentiment for the crypto market.
Following the release of the NFP data, Bitcoin's price was recorded around $34,500.
This level is close to the lower boundary of the Fair Value Gap at $34,466, which is likely to act as the nearest resistance.
Support can be found at the 10-day Exponential Moving Average (EMA) at $34,325.
A drop below the 50-day EMA at $34,296 could invalidate the bullish thesis for Bitcoin's price.
Overall, weaker-than-expected NFP data may provide a positive boost to the crypto market. However, investors should continue monitoring monetary policy developments and other economic indicators to understand the market's future direction.
Here is the latest information about Bitcoin (BTC):
On January 9, 2025, the price of Bitcoin experienced a significant drop, reaching a low of below US$95,000. This drop occurred after Bitcoin had previously fallen by 5% the previous day.
The price drop was influenced by stronger-than-expected US economic data, which caused US bond yields to increase. In addition, a report from the Institute for Supply Management (ISM) showed that the US service sector was stronger than anticipated, with the prices paid index reaching its highest point since early 2023. This raised concerns that the Federal Reserve might delay interest rate cuts, which would negatively impact risk assets such as Bitcoin.
In addition, there was a liquidation of $560 million in Bitcoin long positions, further depressing the price. This liquidation occurred when exchanges forcibly closed leveraged positions of traders due to the inability to meet margin requirements, creating a cycle of continued price declines.
However, some analysts remain optimistic about Bitcoin's long-term prospects, given the potential for wider adoption and more supportive regulatory developments in the future.
*Note: The cryptocurrency market is highly volatile. It is always advisable to conduct thorough research before making any investment decisions.*
[Date: January 9, 2025] In recent months, the on-chain lending sector in the decentralized finance (DeFi) space has seen a significant surge. Recent data shows a sharp increase in the number of loans processed through on-chain protocols, driven by growing investor interest in blockchain-based lending mechanisms.
According to a report by a blockchain analytics platform, the total value of on-chain loans reached an all-time high in the last quarter of 2024, surpassing $50 billion. This growth was largely driven by users seeking alternative financing options without the need for traditional intermediaries.
Factors Driving the On-Chain Lending Boom
1. Transparency and Security On-chain lending protocols offer transparency through the use of automated and publicly verifiable smart contracts. This provides more trust to users.
2. Increased Adoption of Stablecoins The demand for stablecoins, such as USDC and DAI, which are often used as collateral in loans, has also driven the boom.
3. Protocol Diversification Major protocols like Aave, Compound, and MakerDAO continue to expand their offerings, creating a variety of lending products that appeal to both retail and institutional users.
Remaining Challenges Despite its rapid growth, the sector still faces several challenges, such as the risk of sudden liquidation due to crypto asset price volatility and unclear regulatory issues in various jurisdictions.
However, with the development of blockchain technology and increasing investor interest, on-chain lending is projected to become the backbone of the DeFi ecosystem in the future. Experts believe that new innovations in the sector will continue to drive global financial inclusion.
NEWS Today, January 8, 2025, the cryptocurrency market experienced a significant decline. Here are some of the latest price data for major crypto assets:
Bitcoin (BTC): The price is $95,066.0, with a change of -$5,641.0 (-5.60%) from the previous close. The intraday high is $100,975.0, and the intraday low is $94,547.0.
Ethereum (ETH): The price is $3,351.83, with a change of -$283.98 (-7.81%) from the previous close. The intraday high is $3,645.6, and the intraday low is $3,307.45.
BNB (BNB): The price is $696.57, with a change of -$27.83 (-3.84%) from the previous close. The intraday high is $726.44, and the intraday low is $683.14.
XRP (XRP): The price is $2.32, with a change of -$0.10 (-4.13%) from the previous close. The intraday high is $2.44, and the intraday low is $2.27.
Cardano (ADA): The price is $0.985, with a change of -$0.145 (-12.80%) from the previous close. The intraday high is $1.14, and the intraday low is $0.965.
This decline is influenced by a sharp spike in the 10-year US Treasury yield. On January 7, 2025, the Institute for Supply Management (ISM) released a report showing that the private sector's Purchasing Managers’ Index (PMI) for December stood at 54.1, higher than November's 52.1. This data raised inflation concerns, negatively impacting the US equity market and the cryptocurrency market.
In the last 24 hours, the total crypto market capitalization dropped by $227 billion, leaving it at $3.28 trillion. This marks a crucial support level that must hold to prevent a deeper market decline.
Amid this downturn, several altcoins also suffered sharp losses. Ethereum fell by about 8%, Solana dropped by 8%, Dogecoin plunged by 10%, and Cardano lost 12% of its value.
This situation highlights the persistent volatility that continues to test the resilience of the crypto market. Investors are advised to remain vigilant and monitor market developments as well as macroeconomic factors that could influence digital asset price movements. #cryptomarketdump
On Wednesday, January 8, 2025, the price of BNB (Binance Coin) experienced a significant decline, in line with the overall weakening trend in the crypto market.
The decline occurred amid investor concerns about tighter US monetary policy, following stronger-than-expected economic data. In addition, the liquidation of large leveraged positions added selling pressure on crypto assets, including BNB.
Nevertheless, some analysts remain optimistic about BNB's long-term prospects, given its vital role in the Binance ecosystem and various ongoing development initiatives. Investors are advised to continue to monitor market developments and consider fundamental factors before making investment decisions.
The crypto market experienced a significant decline on Wednesday, January 8, 2025, triggered by stronger-than-expected US economic data, raising concerns that the Federal Reserve will slow the pace of interest rate cuts this year.
Ethereum (ETH) also experienced a sharp decline, falling about 8% to $3,354.52.
According to data from CoinMarketCap, this decline occurred after Bitcoin briefly broke through the $100,000 level, but fell again due to profit-taking and concerns over US monetary policy.
In addition, data from Coinglass shows that about $400 million in leveraged crypto positions have been liquidated, which contributed to the price decline.
Rising US bond yields and strong labor market data added pressure on riskier assets such as crypto.
Crypto-related stocks, such as MicroStrategy and Marathon Digital, also experienced sharp declines amid the market volatility.
However, some altcoins such as Bitget Token (BGB) managed to record gains, indicating that investors are still looking for opportunities in this volatile market.
Analysts advise investors to remain vigilant about market volatility and pay attention to monetary policy developments and economic data that could affect future crypto asset price movements.
The crypto market experienced a significant decline on Wednesday, January 8, 2025, triggered by stronger-than-expected US economic data, raising concerns that the Federal Reserve will slow the pace of interest rate cuts this year.
Ethereum (ETH) also experienced a sharp decline, falling about 8% to $3,354.52.
According to data from CoinMarketCap, this decline occurred after Bitcoin briefly broke through the $100,000 level, but fell again due to profit-taking and concerns over US monetary policy.
In addition, data from Coinglass shows that about $400 million in leveraged crypto positions have been liquidated, which contributed to the price decline.
Rising US bond yields and strong labor market data added pressure on riskier assets such as crypto.
Crypto-related stocks, such as MicroStrategy and Marathon Digital, also experienced sharp declines amid the market volatility.
However, some altcoins such as Bitget Token (BGB) managed to record gains, indicating that investors are still looking for opportunities in this volatile market.
Analysts advise investors to remain vigilant about market volatility and pay attention to monetary policy developments and economic data that could affect future crypto asset price movements. $BNB #CryptoMarketDip