Dice786(@Square-Creator-f1c59ab2cb0b)'s insights

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New airdrop: Abstract Testnet
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Distribution: January 25th

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Dice786

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#CryptoMarketDip There are 7️⃣Reasons for the crypto market recent dip↘️: 1️⃣ A sudden rise in the US 10-year Treasury yield. 2️⃣ Unexpected strong US economic data, including: 👉Strong labor market statistics 👉ISM services index rose above expectations 3️⃣ Major liquidations in the cryptocurrency market: 👉About $480 million was liquidated 👉Bitcoin fell by 5% 👉Ethereum fell by 8% 4️⃣ Market leverage reduction: 👉More than $1 billion lost in open positions for Bitcoin and Ethereum 5️⃣ Change in investors' expectations about the Federal Reserve cutting interest rates in 2025 6️⃣ Bitcoin price drops below $98,000 7️⃣ Shares of cryptocurrency-related companies were negatively affected, such as: 👉MicroStrategy 👉Marathon Digital ↘️This drop was part of a broader market decline, as strong economic data changed investors' expectations and put pressure on riskier assets such as cryptocurrencies.

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