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Reasons behind this market drop: - The Financial Services Oversight Council (FSOC) has some big concerns about stablecoins. These digital assets, designed to hold steady value, are under the microscope. The FSOC thinks they could mess with financial stability. And here’s why. - Binance, WazirX, and Other Crypto Firms Accused of Tax Evasion in India, India’s Goods and Services Tax (GST) authorities have reported a $99.1 million tax evasion case involving 17 cryptocurrency exchanges operating in the country. - Tether recently shut down operations of its Euro Tether (EURT) after facing heavy challenges from regulators in Europe. - Increased leverage and declining spot trading volumes. - China's economy isn't doing so well, A prolonged housing slump, weak domestic spending, and worsening trade tensions with the U.S. are dragging everything else down, add to that: Trump’s return, U.S.-China trade tensions rise - Bitcoin miners sold BTC worth $8.55 billion in just two days, marking the largest sale in the past ten months - Profit taking. It's not going to last forever, the market will recover very soon. #N4G
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One Year ago, on Dec 10, 2023 BTC price was 43,791$ with a daily gain of 0.17% 🟢 Price Opened at: 43,716 🕑 Reached a high of: 44,045 📈 Closed the day at: 43,791 🚦 Volume of BTC Traded that day: 23,810 Bitcoins ⛳️ #FollowMe #N4G #History
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It all seems impossible for you, will my asset reach there? but it lost too much! These are all thoughts that comes to your mind, yeah it dropped 20% but just as it dropped it can surface again. This time is different that it was in last May, why? Because last May it was profit taking, this time it isn't, it's just liquidity hunting. I've updated my Bio, check it out. #N4G
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You will see how easy it is to reverse the market, this is just a fight for the future traders, not spot ones, we spot traders are safe. You'll see. #N4G
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It will not take much time to recover.
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