Binance has said that more than 200 million people now use i | crypto Emilia clarke on Binance Square

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Binance has said that more than 200 million people now use its platform. This shows that Binance is becoming more popular and widely used by people around the world who are interested in cryptocurrency.#Binance200M $BTC 

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Dear fellow investors, If you want to avoid losing money in cryptocurrency, take a screenshot or share this message with others—it will be important one day! Here’s a task for you all: 🚨 When are the Federal Reserve Interest Rate Decision Meetings in 2024? Research this, find the dates, and set an alarm on your phone or computer for one week before each meeting! 🚨 The next FED interest rate decisions are on July 30-31! For example, I’ve set an alarm for July 24. On that day, I’ll check the global market. If the market looks good, I won’t change my investments. But if the market looks bad, I’ll convert my assets to USDT on July 24. 🚨 Have you ever seen an analyst, economist, or chartist share advice like this? I haven’t. 🚨 They usually want you to buy so they can make money. They care about their own profits. 🚨 This process happens every 4 years, except in unusual situations like war or assassination. 🚨 I don’t know what will happen on September 17-18. We’ll have to wait and see. 🚨 The most important part: When will the MEGA BULL market start? Friends, the US GENERAL ELECTIONS are on NOVEMBER 5! If crypto supporter TRUMP wins, the FED INTEREST DECISION will likely be announced on NOVEMBER 6-7! After these dates, I think Bitcoin will rise to $125K.

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Stop forcing yourself to trade! Nothing is going to happen right now. I know many of you are trying to recover losses from yesterday by trading now, but that is a mistake. First of all, what happened yesterday was not a crash. Buying now is not buying the dip, and the market could still fall more, a lot more. This is not about spreading fear or doubt. Next week, on Wednesday, the Crypto price direction will be determined after the CPI data and FOMC press conference. The jobs and earnings data from yesterday was bad for crypto because it suggests interest rates could stay higher for longer, and an interest rate increase is still possible. Although it's unlikely, it would be terrible for Crypto. For those who don’t understand, higher interest rates are bad for crypto because borrowing money becomes more expensive, and saving money becomes more rewarding. Higher interest rates mean less borrowing and more saving. Lower interest rates mean more money going into "risk on" Crypto. It’s frustrating but true. None of us have the money to move the market. The people and funds who do are waiting or trying to predict what happens on Wednesday. No big moves are going to happen now, especially after yesterday. Don't lose money trying to guess the market now. Everything you lose now is money you could use for future profitable trading conditions. Take care.

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### Why the Market is Down: US Jobs Report Causes Big Bitcoin Drop, Erases $500 Million in Open Interest The latest US jobs report had a big impact on the cryptocurrency market, causing over $500 million in Bitcoin investments to be wiped out. The US Bureau of Labor Statistics shared mixed news for May. On one hand, they reported 272,000 new jobs. On the other hand, unemployment went up to 4.0%, the highest since January 2022. People worked the same number of hours per week on average, and hourly wages went up by 0.4% in May, which is a 4.1% increase from last year. The private sector hired a bit more than 200,000 people per month over the last few months, compared to 155,000 at the end of last year. The total payroll for private-sector workers grew by 5.4% over the past year, down from the previous range of 6%-6.5%, matching 2018's highs. After this report, Bitcoin’s price fell by 2%, from $72,144 to $70,668, leading to many investors losing money. IT Tech stated, "Over $500 million of Bitcoin open interest was wiped out within minutes. Both short and long positions were liquidated." The mixed signals from the job report caused significant market changes. More hiring suggests a strong economy, but higher unemployment and steady work hours point to weaknesses. Charles Edwards, founder of Capriole Investments, noted, "Unemployment is at its highest since COVID, and markets reacted sharply. Often, the first reaction to these announcements is wrong. We'll see. But it seems like unemployment has bottomed out, suggesting US liquidity will need to increase soon. Rate cuts are likely." Based on the latest jobs report, Bitcoin and other digital assets are expected to remain unstable. Be cautious. If you are a long-term holder, it might be best to stick to your strategy and not panic.

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**Turkey Won't Tax Crypto and Stock Gains to Encourage Investment** Turkey's Finance Minister, Mehmet Simsek, announced that there will be no taxes on profits from stocks and cryptocurrencies. This decision aims to increase investment and market growth by reducing the tax burden. There is talk about a small transaction tax on these assets, but details are not clear yet. Simsek stressed the importance of a balanced tax system to keep the market healthy. Mehmet Gerz from Ata Portfoy warned that even a small tax might cause problems and discourage trading. Turkey is finalizing rules for cryptocurrencies to improve security and meet international standards. The new rules will include licensing for crypto platforms, managed by the Capital Markets Board (CMB), and set requirements for safer trading. Industry reactions have been cautiously positive. Mucahit Donmez from Binance Turkey thinks the regulations will protect users and provide clear guidelines. Turkey aims to become a digital finance hub by attracting investors and businesses with clear rules and tax exemptions, boosting economic strength and technological progress.

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