🚨🪙 BITCOIN: "investors in panic".

📊Bitcoin (BTC), the most widely used cryptocurrency on the market, fell by a percentage (%) this Wednesday and traded below $57,000 (USD), on a day in which fears of a slowdown in the US economy have been renewed.

📆This month of August was recorded as the 2nd worst month in the year 2024. So far this year, Bitcoin closed August with a drop of 8.9%.

🪬The Firms and Analysts of (eToro) explained this week that there are latent risks for cryptocurrencies, such as a possible resection, geopolitical conflicts or significant corrections in traditional markets.

📉 Today's fall of Bitcoin coincides with a bad session on Wall Street in the US, where fear of an excessive slowdown in the US market was awakened again after learning of data from the hand-invoicing sector that contracted for the fifth consecutive month. Likewise, Wall Street, and above all, its technological index (Nasdaq) and other investors lost more than 3% of their capital due to the collapse.

📝 The negative trend of the US market has moved to Asia and Europe among other nations with other conflicts. But despite the fall of BITCOIN this Wednesday, the same experts assure that although the previously affected factors could temporarily impact the Crypto market "in the long term", liquidity conditions and monetary policy could favor a new bullish cycle.

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🌎-BITCOIN PRICE SHOWS STRENGTH ABOVE 60,000 DOLLARS.

📊•Bitcoin (BTC) has had a busy week. The price of the digital currency was between $66,000 and $58,000 in the last 7 days.
As reported by CriptoNoticias, among the factors that drove the fall are; Bitcoin sales by miners, capital outflows from Bitcoin ETFs, fears over potential Bitcoin sales by Terraform Labs, and news about the release of Bitcoin held by the Mt. Gox Exchange.

📱But, despite all this, Bitcoin has remained above $56,000, a level that is considered key, since, if it were lost, a strong downward correction could occur.

It is worth clarifying that these price drops or lateral periods are normal and occur in each bullish period. It does not mean that Bitcoin no longer has growth potential. If there is an increase in demand, Bitcoin will resume its upward trend in its price. In previous bull markets, Bitcoin has seen corrections greater than 20%.

While many ETF investors are selling their holdings, others are taking advantage of the >>Sale> price of Bitcoin to accumulate more assets.

🎇🎉 BINANCE celebrates a major crypto milestone by reaching (200 million users). 🎇🎉

🧬 Since its creation in 2017 under the leadership of Changpeng Zhao (CZ), BINANCE has become a dominant player in the cryptocurrency landscape. Its intuitive interface, wide range of supported Cryptocurrencies and strong security measures have brought a huge user base.

✴️ 200 million and more and more continue to be added!

Reaching 200 million users is a monumental achievement, indicative of the growing global handling of Cryptocurrencies, BINANCE has been instrumental in making Cryptocurrencies accessible to a large audience, operating in over 180 countries and regions, providing localized services in Many languages.

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🌐WHAT IS MAKING THE PRICE OF BITCOIN GO UP?

📚The Bitcoin market has shown strength to exit the consolidation period that remains below the price of 73,700 (USD) recorded 3 months ago, the currency is registering higher minimums and higher maximums on a sustained basis for several weeks.

📊This scenario is being driven by demand driven by the approval of Ethereum exchange-traded funds (ETFs) in the United States and new economic data.
The PCE inflation indicator in the economic powerhouse came out as expected last week, which motivates expectations of a reduction in interest rates this year.

📰As CriptoNoticias reported, Bitcoin ETFs this week accounted for their second largest daily capital inflow since their launch at the beginning of the year. Likewise, the purchasing appetite of investors with more than {1,000 (BTC) known as Whales}, increased to its maximum in 2 months.

💰Meanwhile, most of the Bitcoin purchase options that sell in June are prices ranging from (USD 75,000 to USD 85,000). This shows that TRADERS are acquiring these instruments as a hedging strategy in case the price rises more than predicted.

💱 Bitcoin (BTC) selling pressure eases as M2 money supply shifts, former BitMEX CEO sees gradual recovery.

📊 There are signs that Bitcoin (BTC) is heading for a possible relief from the selling pressure it has faced in recent weeks. M2 money supply, a crucial economic indicator, turns positive since November 2022, suggesting a shift in investor sentiment towards assets like Bitcoin.

📝 Furthermore, prominent figures in the crypto market, including the CEO of BitMEX and the current CEO of Vailshire Capital Management, believe that Bitcoin has bottomed out and could begin to see a gradual recovery.

•THE M2 MONETARY SUPPLY AIMS TO RELIEVE THE SELLING PRESSURE.

🔂 Contrary to what many expected, Bitcoin has seen a sharp drop after its halving. On May 1, 2024, it fell to a new multi-month low below $57,000, sending shockwaves throughout the cryptocurrency market, where it acts as a beacon of hope leading the entire Cryptocurrency pack. .

🌐🗞️ It is said that Bitcoin is in the crosshairs of Wall Street. Why don't some people dare to invest?

📰 As part of the 'MicroStrategy World: Bitcoin for Corporations 2024' event, several executives representing companies that manage US spot Bitcoin (BTC) ETFs met. There they explained how they experience the arrival of the digital currency to the US stock market.

📊 The head of research at Galaxy Digital. He indicated that (Bitcoin is in the crosshairs of all Wall Street investors. "It is on all the screens of people who trade interest rates and fixed income securities and now they are also looking at Bitcoin"

💰 Bitcoin-based funds increased Wall Street's interest in the currency and the executive believes it will continue to accelerate over time because "Bitcoin is a macro asset" he noted. 📈

🚨🆘🚨 "As the scarcity of Bitcoin increases in the market as with other Cryptocurrencies, if the demand turns out to be the same, what is expected is that the price will rebound and increase. This has happened in the different Halvings" says the expert (Mireya Fernández ).

📰 When the supply decreases, the price tends to rise, historically this has been the case with Bitcoin, with Halvings of previous rewards that have inaugurated a new bull market for this cryptoactive, Firms and experts agree on this such as (Simón Piters), analyst eToro crypto asset expert.

📊 "The last Bitcoin Halving took place in 2020, this could be a new opportunity for >new investments or new investors< to better enter the crypto field."
• "However, we have reasons to think that the effects of this new Halving will have nothing to do with the FOMO or the BULL Run experienced in previous moments, since we are beginning a period of maturity of digital assets. In this way we hope that the "Bitcoin price will increase more gradually, as has been the case in other important events such as the approval of Bitcoin spot ETFs."

🌐 A conversation was held with the Thai Prime Minister, Srettha Thavisin, about the future of dynamic Web3 industries and supporting development in the BLOCKCHAIN ​​sector.

📰 We are expected to have a significant bullish movement these days.
Leave us your opinions!

🗞️ Why is BINANCE having problems?

The executives of the cryptographic company had arrived in Nigeria following the GOVERNMENT BAN on several trading platforms, such as Binance, Coinbase and Kraken, according to a report by the Financial Times.

📰 During a briefing, after Nigeria's interest rate was increased to 22.75% according to statistics, Central Bank Governor YEMI CARDOSO pointed the finger at BINANCE and detailed suspicions of naira manipulation on trading platforms. Cryptocurrencies "In the last year alone, $26 billion has passed through (Binance Nigeria) from sources and users that have not yet been identified," Binance stated.

🌐 The details of the arrests highlight the growing tension between the Nigerian authorities and the Crypto Market, which has been shared in a refuge from the speculative panorama with the Naira.

🆘 In response to these events, Binance has chosen to (suspend trading of the Naira against the main Cryptocurrencies). This move is an immediate reaction by the exchange to the regulatory pressure it faces in Nigeria.

🚨 Risk warning: BINANCE is not a regulated financial entity. Binance products and services are operated outside of this country. Assets and digital units of value associated with the value of a fiat currency are not backed by the government or any financial institution and are not legal tender. Binance does not provide financial advice.
Carrying out transactions with this type of assets and digital units carries certain risks, all under the responsibility of whoever carries them out. Consult our conditions of Use and Risk Warning.

• THE CRYPTOCURRENCIES BULL RACE CONTINUES.

🪙Cryptocurrencies have continued to rise this week, outperforming traditional assets like stocks and bonds.
This rally was sparked by the growing market share of Bitcoin ETFs, such as the Share Bitcoin Fund (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC). All Spot ETFs have added million-dollar assets this week.

📈 The Cryptocurrency bull run gained momentum this week as greed spread in the financial market; Bitcoin, the largest Cryptocurrency in the world market, broke out above the $64,000 point for the first time since 2021.

💰 Other altcoins also rose by double digits as the total market capitalization of all coins soared above $2.23 trillion.

📰 ALPHARETTA, Georgia - Bakkt Holdings, inc (NYSE: BKKT.

A digital asset marketplace, and Swan Bitcoin, a Bitcoin Financial Services Firm, have announced the expansion of their partnership to enable Bitcoin trading and custody services across 49 states in the US. The collaboration aims to aim to provide Swan clients with a range of Bitcoin services, including Fiat onboarding, Bitcoin trading and secure custody options. 📊

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Gavin Michael, CEO of Bakkt, expressed his enthusiasm for the partnership's progress and hinted at possible future endeavors, including potential international market expansions. This move shows a significant thread for companies as they look to increase their footprint in the digital currency space. 🪙

Bakkt, established in 2018, offers institutional-grade trading and custody services, with a focus on long-term engagement in the Crypto Economy.
Swan Bitcoin, is recognized for its easy-to-use app that simplifies the purchase of Bitcoin and offers a suite of services that serve high net worth individuals, businesses, and financial advisors. 💱

What was announced indicates a growing collaboration between traditional financial institutions and Cryptocurrency service providers, with the aim of making Bitcoin and the different digital currencies more accessible to a broader public. 🌐