In an unprecedented development that may reshape the future of cryptocurrencies, the European Union announced a decision to remove Tether (USDT) from all European exchanges by December 30, 2024. What does this decision mean? The EU is seeking to create a more stable market, but that could push investors to look outside Europe for alternatives.
Ripple has announced a historic $5 million donation in XRP to President-elect Donald Trump’s inauguration fund, setting a new benchmark by matching the single largest donation ever recorded for a U.S. inauguration. The contribution underscores Ripple’s commitment to partnering with the incoming administration and highlights a significant moment for cryptocurrency in political fundraising.
A historic rally for this currency will follow Trump’s inauguration Stock Up
Total Market Cap without Bitcoin and Ethereum (12/20)
📌The current situation is at 859-883. If it stabilizes above it, it will move to 934-978. This will enhance the rise of alternative currencies, including targeting the top at 1.12-1.13. This area is the previous top, and rising above it will lead to price explosions.
📌If 859-883 is broken and stabilized below it, it will continue to 822-800. This will be negative for alternative currencies.
📌 The acquisition is now at 59%, which is a good resistance area from which the price may rebound, and this contributes to raising the alternative currencies, and it must fall below the 55% areas for the currencies to move upwards.
📌 If the acquisition remains above 59%, it will continue to rise to 61%, while the alternative currencies continue to fall in this case.
📌 The situation is now good for investors in general, and long-term investment positions can be taken on some projects after conducting your own research.
📌 In the following post, the Total Market Cap will be analyzed without Bitcoin and Ethereum so that you can connect things together, dear lover of financial freedom. $BTC
According to my long experience, thank God, by the grace of God, I liquidated all currencies a day before the collapse. I take advantage of the first rise, then exit the market completely, and wait for a period until a sharp decline occurs like now, then enter again. In short, I do not leave my money inside currencies for long periods. I only take advantage of the sharp decline.
In the world of digital trading, not every day is a good day for speculation, markets are not free of fluctuations, and sometimes staying away during correction periods is the right decision.
Our guidelines for you to reduce risks and protect capital:
1. Do not take risks without a plan
2. Use the stop loss order in your deals.
3. Follow technical and fundamental analysis.
4. Deal rationally, not emotionally
5. Capital management.
Conclusion: Success in trading does not depend only on making profits, but on protecting capital. Wisdom lies in choosing the right time to enter and exit, and staying away from the market is sometimes the smartest decision.
Profit is easy if you follow a good and appropriate strategy, but maintaining profits is the most difficult thing
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🚨🚨The reasons that led to the decline of digital currencies:
📌Yesterday, Jerome Powell, Chairman of the US Federal Reserve, made negative statements about Bitcoin, stating that the central bank does not plan to own Bitcoin, explaining that this is not legally permitted and requires Congressional approval.
📌His future in this position: His term will end in May 2026.
📌For his part, Trump stated in a recent interview that he does not intend to dismiss Powell before the end of his term.
📌I see that this decline is inevitable and that this decline is healthy before the rise, especially for alternative currencies.
Investing in cryptocurrencies is a promising field, especially with the continuous developments in this sector. Here is a look at some of the most prominent cryptocurrencies that are recommended to consider for long-term investment:
**Bitcoin ($BTC )** It is considered the first and most popular cryptocurrency, and has recently witnessed a significant rise, approaching the $110,000 barrier.
Ethereum ($ETH ) The Ethereum platform is one of the most prominent platforms that support smart contracts and decentralized applications, making it a strong investment option.
.Cardano ($ADA ) Cardano is distinguished by its advanced technology and focus on security, making it one of the promising cryptocurrencies.
Solana ($SOL) It is known for its high speed in processing transactions, making it an attractive option for investors.
Polkadot ($DOT) It focuses on improving scalability and interoperability between different blockchains, which enhances its investment value.
However, investors should be cautious as the cryptocurrency market is highly volatile. It is always advisable to conduct extensive research and consult financial experts before making investment decisions.