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Bitcoin is set to hit $1 million faster than you think
Famous market analyst Willy Woo commented that Bitcoin only needs to represent 1% of the value of global wealth assets to reach a price of US$1 million per unit.
With Bitcoin currently trading at $62,200, that would mean a 16x, or 1,600%, increase, not a stretch for a coin that has seen such gains in the past.
Willy Woo believes Bitcoin will reach $1 million
Even before Bitcoin reaches the dreamed $100,000, analysts are already looking higher. For Willy Woo, one of the most famous analysts in the market, the forecast is that the cryptocurrency will reach a value of $1 million per unit.
With Bitcoin currently trading at $62,200, that would mean a 16x, or 1,600%, increase, not a stretch for a coin that has seen such gains in the past.
Willy Woo believes Bitcoin will reach $1 million
Even before Bitcoin reaches the dreamed $100,000, analysts are already looking higher. For Willy Woo, one of the most famous analysts in the market, the forecast is that the cryptocurrency will reach a value of $1 million per unit.
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The cryptocurrency market crash
🤑💻The cryptocurrency market crash is a fascinating and nuanced phenomenon. Like any financial market, cryptocurrencies experience fluctuations that can be triggered by a variety of factors, such as government regulations, changes in technology, market sentiment, and even market manipulation🤑💻
👉Common Causes of Hair Loss👇
Regulation: When governments around the world implement stricter regulations, cryptocurrency markets often react negatively. This is because the decentralized nature of cryptocurrencies conflicts with attempts at external control.
👉Common Causes of Hair Loss👇
Regulation: When governments around the world implement stricter regulations, cryptocurrency markets often react negatively. This is because the decentralized nature of cryptocurrencies conflicts with attempts at external control.
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WANT TO BE A TRADER? DISCOVER THESE MAIN DIGITAL CURRENCIES
1. Bitcoin
Bitcoin is the best-known virtual currency and was the first decentralized global payment system. Developed in 2008, its aim was to replace paper money and eliminate the need for banks to mediate financial transactions.
To achieve this, its creator, under the pseudonym Satoshi Nakamoto, used blockchain. Thus, the technology began to be used to record and validate transactions with the currency in a complex computer system.
Bitcoin is the best-known virtual currency and was the first decentralized global payment system. Developed in 2008, its aim was to replace paper money and eliminate the need for banks to mediate financial transactions.
To achieve this, its creator, under the pseudonym Satoshi Nakamoto, used blockchain. Thus, the technology began to be used to record and validate transactions with the currency in a complex computer system.
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Ethereum drops 11% in strong selloff
#Ethereum✅ was trading at $2,396.95 on Tuesday at 7:16 p.m. (22:16 GMT) according to the Investing.com Index, down 10.75% in the last 24 hours. This is the biggest daily drop since November 9, 2022.
Investors’ bad mood has cut Ethereum’s total market cap to $299.58B, which represents 14.18% of the crypto market cap. At its all-time high, Ethereum’s market cap reached $569.58B.
In the last 24 hours, Ethereum was traded between $2,396.02 and $2,699.73. The digital currency's trading volume in the same period was $14.89B, or 21.02% of the total volume of all cryptocurrencies, until the last update of this article.
Investors’ bad mood has cut Ethereum’s total market cap to $299.58B, which represents 14.18% of the crypto market cap. At its all-time high, Ethereum’s market cap reached $569.58B.
In the last 24 hours, Ethereum was traded between $2,396.02 and $2,699.73. The digital currency's trading volume in the same period was $14.89B, or 21.02% of the total volume of all cryptocurrencies, until the last update of this article.
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Bitcoin Value Drops 6.4% to $58,777 on Sales
In a recent crash, Bitcoin, the leading cryptocurrency, has seen a significant 6.4% drop, taking its value to $58,777. The Bitcoin price decline occurred at 22:18 GMT on Tuesday. The digital currency, which is the most recognized in the world, has seen a substantial decline from its yearly high. Specifically, Bitcoin has fallen 20.3% since its peak value of $73,794, recorded on March 14. This decline marks a notable shift in the cryptocurrency market, reflecting a period of volatility for Bitcoin.
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Nasdaq Seeks to Introduce Bitcoin Index Options
Nasdaq Inc. is awaiting a decision from the U.S. Securities and Exchange Commission (SEC) on its application to offer options trading on a bitcoin index. The exchange operator announced its intention on Tuesday, signaling a potential expansion of cryptocurrency-related products in financial markets. The SEC has yet to approve options for any exchange-traded funds (ETFs) tied to bitcoin spot prices, which includes Nasdaq’s previous application to list options on BlackRock’s iShares Bitcoin Trust ETF, a fund with $21.3 billion in assets. The proposed bitcoin index options would provide institutional investors and traders with a new tool to hedge their exposure to bitcoin. Such options are designed to be a cost-effective method of managing risk or increasing market exposure without directly owning the asset.
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ALL ABOUT ROYALTIES
Royalties are a powerful feature of NFTs that primarily benefit content creators such as artists, musicians, and developers. They represent a way to ensure that the original creator of an NFT continues to receive financial compensation each time their work is resold on the secondary market. Let’s explore how royalties work in NFTs, their benefits, challenges, and impact on the art and entertainment market.
How Royalties Work on NFTs
How Royalties Work on NFTs
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ALL ABOUT NFTs
#NFTs (Non-Fungible Tokens) are one of the most exciting and controversial innovations in the world of cryptocurrencies and blockchain technology. Since their boom in 2021, they have attracted the attention of artists, collectors, businesses, and technology enthusiasts. Let’s take a deeper dive into what NFTs are, how they work, their use cases, advantages, challenges, and the cultural and economic impact they are having.
What are NFTs?
An NFT is a unique digital token that represents ownership of a specific asset. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, which are fungible (one Bitcoin is the same as any other Bitcoin), NFTs are non-fungible, meaning that each token is unique and cannot be replaced with another of equal value.
What are NFTs?
An NFT is a unique digital token that represents ownership of a specific asset. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, which are fungible (one Bitcoin is the same as any other Bitcoin), NFTs are non-fungible, meaning that each token is unique and cannot be replaced with another of equal value.
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The Cryptocurrency Market Crash Part III
Additional Strategies to Maximize Benefits
Arbitrariness: As prices fall, differences in value between different exchanges can increase. Savvy investors can take advantage of these discrepancies to profit through arbitrage.
Deep Dive: Market downturns are a great opportunity to study projects in depth. Identify which ones have a solid foundation, a capable team, and a promising roadmap. These may be undervalued during a downturn, but have the potential to recover.
Arbitrariness: As prices fall, differences in value between different exchanges can increase. Savvy investors can take advantage of these discrepancies to profit through arbitrage.
Deep Dive: Market downturns are a great opportunity to study projects in depth. Identify which ones have a solid foundation, a capable team, and a promising roadmap. These may be undervalued during a downturn, but have the potential to recover.
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The cryptocurrency market crash part II
Strategies to Take Advantage of the Fall
DCA (Dollar-Cost Averaging): Instead of trying to time the market, invest a fixed amount regularly, regardless of the price. This reduces the risk of buying everything at the top.
HODL: If you believe in the long-term value of cryptocurrencies, holding your positions and ignoring short-term fluctuations may be the best strategy.
Diversification: Don’t put all your eggs in one basket. Diversifying between different cryptos or even other types of assets can protect your portfolio from drastic declines.
DCA (Dollar-Cost Averaging): Instead of trying to time the market, invest a fixed amount regularly, regardless of the price. This reduces the risk of buying everything at the top.
HODL: If you believe in the long-term value of cryptocurrencies, holding your positions and ignoring short-term fluctuations may be the best strategy.
Diversification: Don’t put all your eggs in one basket. Diversifying between different cryptos or even other types of assets can protect your portfolio from drastic declines.
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My story VS #Binance 🤑💻
I've known Binance for 2 years and 8 months, however during these years I never really got to know what this broker really was, I always put off learning more about it, that is, I left it for later when it came to gaining vast knowledge about crypto.
For 4 months I sold #usdt and #Euro, I bought through my Visa card and sold outside of Binance through Whatsaap groups, one day our famous BAI bank cut purchases on Binance through Visa, and that was it, I had to find other ways to continue operating, I didn't want to learn trading because I didn't have time due to my job in a company that only provided services and salary was for work, so I didn't have much time to trade, I had to make money 💵 daily.....
To be continued...
I've known Binance for 2 years and 8 months, however during these years I never really got to know what this broker really was, I always put off learning more about it, that is, I left it for later when it came to gaining vast knowledge about crypto.
For 4 months I sold #usdt and #Euro, I bought through my Visa card and sold outside of Binance through Whatsaap groups, one day our famous BAI bank cut purchases on Binance through Visa, and that was it, I had to find other ways to continue operating, I didn't want to learn trading because I didn't have time due to my job in a company that only provided services and salary was for work, so I didn't have much time to trade, I had to make money 💵 daily.....
To be continued...
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I feel so happy to be part of this incredible community, I still have a lot to learn and share with you.🤑💻
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Ethereum (ETH/USDT) Technical Analysis
$ETH
is on a bullish trajectory, currently trading at $2,840.51. With strong momentum and high trading volume, it’s primed for significant price action. Let’s break down the potential targets:
🎯 Target 1: $2,880
Key Resistance Level
Already tested as a 24h high. If ETH breaks above this level, it could signal a strong continuation of the upward trend.
🎯 Target 2: $3,000
Psychological Resistance
Breaking $3,000 could spark increased FOMO, potentially attracting more buyers and pushing prices higher.
🎯 Target 3: $3,200
Next Major Resistance
ETH could consolidate around this level, with potential for profit-taking. A break above could lead to new highs.
Indicators to Watch:
SAR (Stop and Reverse): $2,445.10 – Bullish support
Volume: $2.48B – High activity strengthens the trend
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