🚨 Mark Karpeles, former CEO of Mt.Gox: “As far as I know, | Laraxen on Binance Square

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🚨 Mark Karpeles, former CEO of Mt.Gox:
“As far as I know, everything is fine at #MtGox. Trustees are moving Bitcoins to a different wallet in preparation for possible distribution this year, #Bitcoin   sale will not occur anytime soon$BTC 

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Altcoin Market Cap received reactions from very critical region The financial fire that broke out in Japan spread everywhere. The fear of recessions peaked in the USA, and we saw sharp declines in global markets during the day. Economists called for an emergency meeting with the Fed, and Chicago Fed Chairman Goolsbee also responded over a question asked to him. Goolsbee said, “Everything is on the table, both about the increase and the discount. The Fed does what the circumstances require,” he said. We will see how the Fed will take action in the coming period. The cryptocurrency market was one of the most injured in this process. Bitcoin had touched the upper band of the descending wedge again last week and was strongly rejected from this region. The new week also caused a collapse in Bitcoin with the trigger of a global crisis. Bitcoin has hung below the $58-60k range, which it has been moving above for a long time. The purple re-contacted the area and the recipients in this area took action in a very appetite. We can expect Bitcoin to move between the purple and blue regions until this chaotic process is over. At this point, let's say that the 46-49 thousand dollar interval covers the first support zone. The 58-60 thousand dollar interval will also be our new resistance zone. Bitcoin still continues to move in the wedge. $BTC #RecessionOrDip? #BTCMarketPanic

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Analyst Peter Brandt compared this period to 2017, showing 8 weeks to rise Experienced analyst Peter Brandt does not think that the declines in Bitcoin will be long-term. Evaluating the course in a tweet he sent, Brandt compared the current period to the halving time in 2016. Peter Brandt, who stated in his latest comment that he thought that the bull season would last until September 2025 during the rise of Bitcoin in the past months, made comparisons with the past. 'It looks like the 2015-2017 period' The famous analyst, who also shared a table on X, set a similarity between the past halving periods and the present and said, "The decline in Bitcoin since Halving is similar to the halving bull market cycle in the 2015-2017 period." In the far right column of the chart below shared by Brandt, there is also the number of weeks that should pass each halving period for new peaks in the cycle. The chart, which shows that 8 weeks should pass for new heights in the halving in 2012, 24 in 2016 and 25 weeks in the halving in 2020, shows that 16 weeks have passed so far in 2024. So Brandt states that it is about 8 weeks for new heights to be seen here. Another similarity between today's and the halving in 2016 is seen in the ratio of declines, which is currently at 26% for Bitcoin, which fell 27% to the bottom after the halving in 2016. (If it doesn't go even lower) The big rally came in 2016 The halving in 2016 took place on July 9 of that year. Bitcoin closed its halving week at $650. At the end of 2017, the biggest cryptocurrency reached a historical level for that period with 20 thousand dollars. In other words, after the halving, Bitcoin rose more than 30 times from the bottom it fell. $BTC #RecessionOrDip? #BTCMarketPanic

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Vitalik Buterin sold the meme coin sent to him, the price fell by 60 percent and jumped again Neiro's meme coins, which were bought by the Japanese family after the death of the dog named Kabosu, which gave its name to Dogecoin, continue to attract the attention of the crypto world. Finally, Vitalik Buterin sold 17 billion tokens sent to him and had the project take a cold shower. The token price, on the other hand, decreased by 60 percent after the sale of Buterin and rallyed 200%. While 2024 was the year of meme coins, the Neiro token, which was issued in July, did not attract the attention of Vitalik Buterin. Buterin sold 17 billion Neiro tokens sent to him. As it is known, projects can make such 'airdrops' on Buterin's wallet to advertise and make their names known from time to time. He sold it all Buterin, on the other hand, sold all of these Neiro tokens sent to him tonight. Buterin earned 44.4 ETH from these tokens, which corresponds to 4% of Neiro's total supply. He fell forward, then he jumped The appearance of Buterin selling these tokens also brought a significant decrease in the price. The token price fell more than 60%, then it increased surprisingly by 200%. The project team also stated in a statement that their purpose was never to advertise through Buterin. The team, however, asked Buterin to donate part of the “polite” sale to shelters set up to help injured dogs. The Japanese family, which owns the dog called Kabosu, which gave Dogecoin its name, later bought a new dog and announced that they had named it Neiro. Following this announcement, many meme coins were issued on both Ethereum and Solana blockchains on behalf of Neiro. Meme coins fell hard On the other hand, the sharp declines in Bitcoin have also affected the widely crypto market. Meme coins couldn't stand the storm and lost a lot of value. In the last 24 hours; PEPE 27% WIF 27% BOME 26% WOJAK 25% BONK %21 DOGE %21 FLOKI 20% SHIB 19% Suffered a decline. $PEPE $SHIB $DOGE

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Crypto crisis comment from Binance CEO Teng: Long-term no Richard Teng, who took the position of CEO on Binance after Changpeng Zhao, said he thought the declines in cryptocurrencies would not be long-term. Teng pointed to geopolitical activity and Fed interest rate cuts. On Binance, which is seen as the world's largest cryptocurrency exchange, CEO Richard Teng said that he does not think that the declines will be long-term. Teng, who made a brief assessment on the subject on X, used the following statements: “The sharp declines in the crypto and stock markets are due to macroeconomic factors. As the stock market, we do not think that this is a long-term trend. The Fed's possible interest rate cuts and geopolitical volatility could continue to trigger market volatility. Always continue to do your own research, gain knowledge and produce” BNB, Binance's own token, also got its share of downfalls. In the past weeks, BNB, which reached the level of $600 for the first time since 2021, is trading at $424 today. Today, the US media made a surprise claim for the Fed interest rate cuts, which Teng pointed out, and it was written that the Fed could go to an urgent interest rate cut within a week. $BNB @Richard Teng 💛🖤 #BTCMarketPanic #MarketDownturn #RichardTeng

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