A guy who has a challenge. Starting with crypto from scratch. That means generating money to invest, staking and trading to the top 💯. Now see what we'll get.
Why Is The Crypto Market Crashing So Heavily? A Breakdown Of The Current Turbulences.
The recent days have been horrible. Bitcoin has lost almost 20% since hitting 70k, and many altcoins are down 50% or more. So, what’s driving this sudden downturn? It’s not just one factor but rather a combination of several that have converged to create what could be described as the perfect storm. Here are the main drivers: Recession Fears This is most likely the main driver of the latest sales pressure. The specter of a U.S. (and global) recession is looming large, and economic indicators are flashing warning signs. As a result, risk assets like crypto are taking a hit as investors flock to safer havens. Trump Presidency Odds Decreasing Political markets are highly intertwined with financial ones, and the decreasing odds of a Trump presidency are shaking things up. Trump is seen as pro-crypto, and he underpinned this with his latest appearance at bitcoin 2024. With his odds declining, some investors are starting to reposition, fearing less favorable policies from other candidates. Yen Unwind One of the more technical but significant factors is the unwinding of positions in the Japanese yen. Recently, the Bank of Japan raised interest rates from 0% to 0.25%—a significant move, as it’s the first increase in years. Many investors had borrowed yen at virtually no cost to fund investments in other assets, taking advantage of the ultra-low interest rates. With the rate hike, these leveraged positions have become more expensive to maintain, leading to a rush to unwind them. This action is creating broader instability in financial markets, including crypto. Geopolitical Tensions Rising geopolitical tensions in the Middle East and the ongoing war in Gaza are adding to market uncertainty. These conflicts heighten global risk aversion, with investors pulling out of volatile assets like cryptocurrencies in favor of safer investments. The instability in this region is contributing to the broader sell-off as market participants react to the increasing unpredictability of global events. Jump Unwinding Positions Reports indicate that Jump Trading, a major player in the crypto space, is unwinding some of its positions. This kind of move from a large market participant can have a significant impact, leading to further sell-offs as others follow suit or react to the increased volatility. Gox Distributions The long-awaited Mt. Gox distributions are adding additional pressure. As former Mt. Gox creditors start to receive their payouts, some are choosing to sell, increasing the supply of Bitcoin on the market and driving prices down. Recent Pump Trapped Fresh Longs The recent pump in crypto prices may have trapped many fresh longs—investors who entered the market expecting continued gains. As the market turns against them, these positions become liquidated, exacerbating the downward momentum. Conclusion Today’s crypto crash is a result of multiple converging factors rather than a single reason. From political shifts and economic fears to market corrections and geopolitical tensions, it’s clear that we’re facing a perfect storm. The market is reacting to a complex mix of pressures, and as always, volatility remains a hallmark of the crypto space. 🔄 Found this useful? Make sure to share and follow me for more!
According to my "short-ranged" poll some Days ago, the european fellows, i reach have a very splitted opinion on the restrictions from July 1st. Even they fine or they think it´s a nightmare, most of them seem to think. And my sentiments are the same.
My Poll some Days ago
On the one side i think, it doesnt matter, for example while trading. On the other it´s a nightmare, for example in case of my #Zerotoherochallenge -> Why?
Because more than a half of the input which i could generate for that with #redpacketgiveawaycampaign is lost. That´s sad🤯
Who it works with the challenge i tell you in a few Days, because first i have to share with you some thoughts tomorrow.
Means: Why the European countries act so much different like the US ( and mostly the rest of the world), when crypto and decentralisation comes on the plan. 🤔
Binance Square with MBL! 🎯 $MBL Airdrop Event! Retweet & Follow!🎯 🏆Prizes: 1,000 MBL per winner! 💰Total Prize Pool: 1,000,000 MBL! ⏰Duration: The event runs until the first 1,000 participants join.
Did you know you can get the latest MovieBloc updates through Binance's community platform, ‘Binance Square’? If you're a Binance user, follow the account via the link below and receive 1,000 MBL airdrop!
Follow These Two Simple Steps: 1️⃣ RT this post! 2️⃣ Follow @moviebloc on ‘Binance Square’ for the latest updates! ✅ If you’ve completed following @moviebloc on Binance Square, please submit a screenshot along with your retweet quote! Once your submission is completed via the Google Form, you will receive the MBL airdrop. (If your follow is not confirmed, it will be considered invalid.) 🎁Follow for Binance Square: https://t.co/neWas61mJB 💜 Google Form: https://t.co/XsvjSGeEuH
On the actual example of $SHIB - let's have a look how it performs 🍾🍾🍾
LIVE
Crypto Web3 Today
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Bullish
Shiba Inu (SHIB) to Reveal Rare Pattern First Time in 2024.
Dog-themed cryptocurrency Shiba Inu (SHIB) is on the brink of revealing a moving average crossover for the first time in the year 2024. With the daily SMAs 50 and 200 poised to converge, the market is keeping a watchful eye out for the formation of either a golden or death cross.
According to TradingView data, SHIB will see its first moving average crossover this year, with the daily simple moving averages (SMA) of 50 and 200 projected to converge within a few days. The last time SHIB experienced a golden cross was in December 2023.
Traders typically use the 50-day and 200- day SMAs to gauge market trends, with crossovers resulting in either a golden cross or a death cross. Golden cross, a bullish pattern, occurs when the 50-day SMA crosses above the 200-day SMA, signaling a potential upswing.
The death cross, on the other hand, is a bearish pattern that occurs when the 50- day SMA crosses below the 200-day SMA, suggesting a possible downtrend.
Golden cross or death cross?
As SHIB approaches this critical juncture, market watchers are keenly observing the behavior of the 50-day and 200-day SMAs. Currently, the 50-day SMA appears to be heading downward, raising the likelihood of a death cross. If this pattern occurs, it could indicate a bearish trend, potentially impacting SHIB's price.
As the scenario unfolds, the daily SMA 50 and SMA 200 will be closely watched for their convergence and subsequent crossover. The nature of the crossover whether it will be a golden cross or a death cross remains uncertain.
As SHIB nears this pattern formation, all eyes are on its price to adjudge the next direction. A death cross formation could usher in the bottoming phase for SHIB. A golden cross might herald a fresh bullish upswing for the SHIB price.
At the time of writing, SHIB was up 2.35% in the last 24 hours to $0.00001744 and up 6.35% weekly.
On 14th July Binance celebrates his 7th Birthday. #BinanceTurns7
That means the Binancians as a community too! I'm proud to explore the World of crypto with you for about two years now.
A bit like the first settlers on the new continent searching for gold an exploring the Country.
We are doing the same only in a digital way, isn't it?
LIVE
Binance Square Official
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#BinanceTurns7 Come celebrate 7 years of Binance with us to unlock digital badges and win some exclusive 7YA swag!
Task 1: Share Your Binance Birthday Wishes to Unlock the Basic 7YA Digital Badge - Complete the setup of your Binance Square profile (e.g., username, profile, biography) and follow this account @Binance_Square_Official during the Activity Period.
- Comment on this Binance Square official post with your Binance birthday wishes, and ensure that your post includes the #BinanceTurns7 hashtag to unlock the basic 7YA digital badge.
Task 2: Post Your Favorite Binance Memories to Unlock the Upgraded 7YA Digital Badge & Binance 7YA Merch
- Users who successfully complete Task 1 may receive an upgraded version of the 7YA Digital Badge by sharing their fondest memories with Binance in a new Binance Square post that mentions the #BinanceTurns7 hashtag during the Activity Period.
- On top of that, the top seven participants with the highest total number of engagements (i.e., likes, shares, comments, quotes) for a qualified post in Task 2 during the Activity Period, will each receive one set of Binance 7YA merch.
Terms and conditions: - 7YA digital badges will appear next to the profiles of qualified participants within four working days after the promotion ends. - Winners of 7YA merch will be notified via a push notification under Creator Center > Square Assistant, within four weeks after the promotion ends. - Users should complete the required instructions within the timeframe stipulated in the push notification to successfully receive merch rewards. Please note that winners should provide a valid shipping address, and will be responsible for any taxes, if applicable. - No refunds or cash equivalent value of the rewards will be granted.
Activity Period: 2024-07-05 12:00 (UTC) to 2024-07-10 11:59 (UTC)
For new Traders Copy Trading often seems like a garanteed win situation but why it could be the oppsite, what you have to watch out for and how you could learn to do your own trades by Copy trading?! @Myan Crypto will give you a great explaination in this post below! #CopyTradingDiscover
LIVE
Myan Crypto
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Is Copy Trading Crypto Profitable? Tips for New Traders in 2024
Copy trading in crypto can be a tempting way to jump into the market, leveraging the experience of seasoned traders. But before you dive in, there's important information to consider. Can You Make Money? The short answer: Maybe. Copy trading can be profitable, but it's not guaranteed. Here's why: Past Performance: A trader's past success doesn't predict future results. The crypto market is volatile, and what worked yesterday might not work tomorrow.Risk Management: Even good traders have losing streaks. Are you copying someone with a solid risk management strategy that aligns with your comfort level?Platform Fees: Many platforms charge fees for copy trading, which can eat into your profits. Tips for New Crypto Copy Traders Do Your Research: Don't blindly follow anyone. Research the trader's strategy, risk tolerance, and track record. Look for consistency over a long period, not just short-term wins.Diversify: Don't put all your eggs in one basket. Copy multiple traders with different styles to spread your risk.Understand the Risks: Cryptocurrency is inherently risky. Only invest what you can afford to lose, and be prepared for market swings.Don't Be Afraid to Learn: Copy trading shouldn't replace your own education. Learn about crypto, technical analysis, and fundamental factors to make informed decisions. Advanced Tips Platform Selection: Explore features beyond basic copy trading. Look for platforms with:Customization Options: The ability to adjust copied trade amounts based on your capital helps manage risk.Performance Metrics: Access to detailed metrics like Sharpe Ratio and drawdown allows for a more comprehensive evaluation of a trader's performance.Trader Verification: Platforms with verification processes help ensure the legitimacy of the traders you copy. Rule of Thumb Learn from the Leaders: Don't just copy blindly. Analyze the rationale behind their trades. Many successful copy traders use platforms that offer insights into the trader's thought process. This can significantly enhance your own trading knowledge. Develop Your Own Strategy: Copy trading shouldn't replace your learning journey. Educate yourself on technical analysis, fundamental analysis, and portfolio management to make informed decisions in the future. Consider this a stepping stone to becoming a well-rounded crypto trader. Stay Informed: Stay updated on market trends, news, and regulations. This awareness can help you adapt your copy trading strategy or choose different traders based on changing conditions. In Conclusion, Crypto markets are dynamic. Regular monitoring, adjustments, and continuous learning are key to successful copy trading in 2024. By approaching it with a strategic mindset and a thirst for knowledge, you can leverage the experience of successful traders while building your own path to crypto profitability.
4 Days Left on Binance’s Latest Airdrop Opportunity!
Missed the Lista airdrop on Binance where users earned over $20? No worries! There’s a new airdrop happening now that could offer you similar or even greater rewards. Follow these steps to get started: Steps to Participate in the Binance Airdrop: Set Up a Web3 Wallet on Binance:Make sure your Binance account is active.Go to the Web3 wallet creation section and create your wallet.Import BNB Tokens to the OpBNB Chain:Transfer BNB tokens into your new Web3 wallet.Ensure the transfer is on the OpBNB chain.Explore the Discovery Section:Open the Binance app and click "Discovery" at the bottom right of the page.Select "Revox" from the available options.Enter the Special Code:Use code 2I5ICQ Follow the on-screen instructions to apply the code correctly.Follow Binance’s Twitter Accounts:Follow the two Twitter accounts specified by Binance.Enter your Twitter handle to confirm completion of this step.Check In Daily:Log in daily to the app to collect points.Note: Each check-in requires a nominal gas fee of $0.01 in BNB. How to Earn More Points: Experience Revox Lens:Click on the "Experience Revox Lens" feature to open a new page.Navigate to the "Rewards" section at the bottom and claim points by:Performing daily check-ins.Analyzing new tokens.Utilizing your tokens. Important Note: Even though Binance is a reputable platform, it’s always wise to take precautions while engaging in airdrops. Use secure devices and profiles to ensure your safety during transactions.
Some of you had seen it already...i stopped the #Zerotoherochallenge right after the first two posts, where i explained my first money gains for money which i invested in crypto.
But why?
So Binance restricted me because of sharing the apps( and especially the referrals) which i used for getting some cash to invest.
At first i was a bit grumpy but you know what? i got over it 😅
So stay tuned and we go right into the first 150 Usd which i used to start up my challenge.
let's go to the next #Megadrop round with $Lista here on #binance
LIVE
Binance Announcement
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Lista (LISTA) Megadrop Is Now Open: Subscribe to BNB Locked Products or Complete Web3 Quests to Participate!
IMPORTANT: Binance will be the first platform to list the token mentioned herein. Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds. This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance is excited to announce the 2nd project on Binance Megadrop - Lista (LISTA), a liquid staking and decentralized stablecoin protocol. Users can start participating in the Lista Megadrop from 2024-05-30 00:00:00 (UTC). The Lista Megadrop page is estimated to be available on the Binance App in 24 hours. Binance will then list Lista (LISTA) at 2024-06-20 10:00 (UTC) and open trading with LISTA/BTC, LISTA/USDT, LISTA/BNB, LISTA/FDUSD, and LISTA/TRY trading pairs. The Seed Tag will be applied to LISTA. Read about Lista (LISTA) in our research report. Lista Megadrop Period: 2024-05-30 00:00:00 (UTC) to 2024-06-19 23:59:59 (UTC)BNB Locked Products Snapshot Period: To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2024-05-30 00:00:00 (UTC), as hourly snapshots of users’ subscription amounts will be taken during this period. For more information on BNB Locked Products, refer to the FAQ.Web3 Quest Period: Users may complete Web3 Quest(s) during the Quest Period.Web3 Quest 1: “Stake 0.01 BNB in the ListaDAO DApp” (Tutorial) 2024-06-20 06:00:00 (UTC)Rewards Distribution: Users may view their Megadrop rewards in Binance Spot Wallet. Lista Megadrop Details: Token Name: Lista (LISTA)Max Token Supply: 1,000,000,000 LISTA Megadrop Token Rewards: 100,000,000 LISTA (10% of max. token supply)Initial Circulating Supply: 230,000,000 LISTA (23% of max. token supply) User Eligibility: KYC required in eligible jurisdictionsHard Cap per User: 800,000 LISTARewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest BonusLocked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount * 130) + (Average 90-day BNB Locked Amount * 120) + (Average 60-day BNB Locked Amount * 110) + (Average 30-day BNB Locked Amount * 100) Web3 Quest Multiplier: 1.5Web3 Quest Bonus: 1,000 How to Get Started With Binance Megadrop*: Log into your Binance account.Subscribe to BNB Locked Products and/or complete all designated Web3 Quest(s) via Megadrop on the Binance App to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet. Create your first Web3 Wallet now if you have not yet done so.After completing all the designated Web3 Quest(s), tap on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier.Receive Megadrop rewards based on your Total Score. *Notes: External wallets imported to Binance Web3 Wallet will not count. Only Multi-Party Computation (MPC) wallets that are created in Binance Web3 Wallet may participate in Megadrop events. About BNB Locked ProductsFor the calculations of Locked BNB Score, the "30 Days" multiplier will apply to all BNB Locked Products subscriptions with a duration of less than 30 days (e.g., 15 days).Users will receive different scores for each active subscription based on the subscription period. The longer the duration, the higher the Locked BNB Score. Refer to the BNB Locked Products page for the latest APRs and maximum subscription limits.Users may receive both Megadrop and Launchpool rewards at the same time (where applicable). There is no need to redeem BNB Locked Products positions to participate in Launchpools. BNB Vault assets will not count toward the Megadrop score calculation. Lista (LISTA) Project Links: WebsiteWhitepaperXMediumTelegramReddit Further Information: Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 QuestsWhat Is Binance MegadropWhat Is Binance Web3 Wallet and How Does It WorkHow to Back Up Your Binance Web3 WalletFrequently Asked Questions on Megadrop and BNB Locked Products Terms & Conditions: Only users who complete identity verification in eligible jurisdictions may participate in the Lista (LISTA) Megadrop. During the BNB Locked Products Snapshot Period, snapshots of users’ BNB Locked Products subscription amounts will be taken multiple times at any point of time each hour to get users’ hourly average subscriptions and calculate users’ Locked BNB Score. Locked BNB Score will be updated on a daily basis.Each sub-account will not be viewed as an independent account when participating in this Megadrop. Sub-accounts’ subscription amount will be combined with the master account’s standard subscription amount.Please note that some features of Megadrop may not be available in every country due to regional restrictions. This includes, but is not limited to, Web3 Wallet access or participation in Simple Earn. Therefore it is possible that only some features of the Megadrop platform may be available in users’ regions, and users may have partial access to the Megadrop platform. Currently, users residing in the following countries or regions will not be able to participate in Megadrop by subscribing to BNB Locked Products or completing Web3 Quests: For Simple Earn BNB Locked Products participants: Australia, Canada, Cuba, Crimea Region, Hong Kong, Iran, Japan, Lithuania, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United Kingdom, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.For Web3 Quests participants: Australia, Brazil, Canada, Cuba, Crimea Region, Cyprus, Iran, Japan, New Zealand, Netherlands, North Korea, Russia, Singapore, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands), and any non-government controlled areas of Ukraine.Please note that the list of excluded countries provided here is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations. This list may be updated periodically to accommodate changes in legal, regulatory, or other factors. Binance reserves the right to take any action if participants are found to commit the below behaviors, including but not limited to, wash trading, bulk account registration, self-dealing, etc.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Thank you for your support! Binance Team 2024-05-28
what is your opinion about mobile crypto mining? Do you use it?
LIVE
Mastering Crypto
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Unlock 3 USDT Daily From Mobile Crypto Mining ⛏️📲
Here are some popular mobile crypto mining apps you can use Click Here To Go To Feed Post For USDT
1. **Electroneum**: - **Platform**: Android, iOS - **Description**: Electroneum (ETN) is designed specifically for mobile mining. The app is user-friendly and allows you to mine ETN using your smartphone without draining your battery.
2. **Pi Network**: - **Platform**: Android, iOS - **Description**: Pi Network allows you to mine Pi coins using your mobile phone. It's a new cryptocurrency project aimed at making mining accessible to everyone. The app is straightforward to use and doesn’t consume significant resources.
3. **CryptoTab Browser**: - **Platform**: Android, iOS - **Description**: CryptoTab is a web browser with a built-in mining feature that mines Bitcoin while you browse. It offers a familiar browsing experience with the added benefit of mining in the background.
4. **MinerGate Mobile Miner**: - **Platform**: Android - **Description**: MinerGate allows you to mine various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more. The app provides a user-friendly interface and detailed mining statistics.
5. **AA Miner**: - **Platform**: Android - **Description**: AA Miner supports over 50 different cryptocurrencies, including Bitcoin. It offers a simple interface and allows users to adjust the number of CPU threads used for mining.
6. **NeoNeonMiner**: - **Platform**: Android - **Description**: NeoNeonMiner is an Android app that supports various algorithms and cryptocurrencies. It provides detailed mining statistics and allows users to connect to multiple mining pools.
7. **DroidMiner BTC/LTC/DOGE Miner**: - **Platform**: Android - **Description**: DroidMiner supports Bitcoin, Litecoin, Dogecoin, and several other cryptocurrencies. It allows you to mine directly from your phone and provides an easy-to-use interface.
The global cryptocurrency market cap now stands at $2.66T, up by 1.18% over the last day, according to CoinMarketCap data.
Bitcoin (BTC) has been trading between $69,712 and $71,552 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $69,873, down by -1.11%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include RVN, FIS, and LQTY, up by 29%, 29%, and 19%, respectively.
Elon Musk Finally Says When Tesla Will Take Dogecoin.💲🚀 When asked when Dogecoin would be accepted as payment for Tesla, the wealthiest man in the world, Elon Musk, finally said up. Musk spoke on his long-standing support for the meme currency and his fondness for it. "At Some Point," Tesla Will Accept Dogecoin Payments.Musk said, "at some point," when speaking to workers at the Gigafactory in Berlin, that Tesla would accept Dogecoin as payment. The fact that he could use DOGE to purchase Tesla merchandise was something he deemed "cool." "Dogecoin to the moon." The wealthiest guy in the world also expressed his optimism about the meme coin. Once the Tesla Supercharging Station in Hollywood opens for business, Musk has already planned to accept DOGE as payment. This is all part of his support for the joke currency. The cryptocurrency has also found use in Musk's Space X, since DOGE has been used exclusively to enable transactions with Geometric Energy Corporation (GEC). The latest comment from Musk, like all of his earlier ones on DOGE, has given the leading meme currency a much-needed boost. Following the remarks of the wealthiest man in the world, the cryptocurrency token, which had been experiencing a precipitous fall, recovered and has since achieved considerable gains. It's ironic that Musk is reiterating his support for DOGE just as the token needs all the positive press it can get to keep its status as the most valuable meme. Dogecoin has competition from other popular meme currencies such as Shiba Inu (SHIB) and Dogwifhat (WIF). Shytoshi Kusama, the head developer of the Shiba Inu, made the audacious assertion that SHIB would dominate this market cycle. Recently, plans to project WIF on the Las Vegas Sphere were completed, therefore the WIF community is also taking things into their own hands. As a result, the war of the memes could hinge on Musk's endorsement of Doegcoin. #HotTrends #doge #WIF
Analyst Predicts Lower Probability of Approval for Ethereum ETF in 2024
According to BlockBeats, market maker GSR analyst Brian Rudick has significantly lowered the predicted probability of the U.S. Securities and Exchange Commission (SEC) approving a spot Ethereum ETF in May 2024. In a report on Wednesday, Rudick stated that the likelihood has dropped to 20%, compared to the 75% probability predicted by GSR in January.
The analyst explained that the SEC has faced political pressure to not approve more digital asset ETFs. Additionally, the SEC's investigation into whether Ethereum is considered a security could significantly reduce the chances of approval. Regulators may seek to avoid turning the potential approval of an Ethereum spot ETF into 'another major event.'
Regarding future expectations, the analyst believes that any approval process for a spot Ethereum ETF may take longer and could be affected by litigation events. Rudick now predicts that the most likely timeframe for Ethereum ETF spot approval is between 2025 and 2026.