Title: The Day Bitcoin Crashed: What Really Happened on March 12, 2020âCrypto's Worst Day in 7 Years
March 12, 2020ânow infamous as "Black Thursday"âwas one of the darkest days in Bitcoinâs history. In just 24 hours, the crypto market was rocked by two devastating crashes, sending Bitcoin plunging to its lowest point in seven years. At one point, the price briefly dipped below $4,000, marking a 50% drop in a single day. But what really happened during this chaotic market meltdown?
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Two Waves of Destruction
The first shockwave hit early in the morning with a 25% decline, triggered by global panic in traditional markets as traders sought to de-risk their portfolios. While sharp, the drop was orderly. Yet, it was the second plunge later that evening that turned the crypto world upside down. A series of liquidations by lenders offloading collateral from insolvent borrowers snowballed into a full-blown collapse. The market structure was obliterated.
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The Perfect Storm: Miners, Liquidations, and Liquidity Drying Up
To add fuel to the fire, some Bitcoin miners began shutting down their operations after the second crash, further destabilizing the market. As the price plummeted, chaos reigned on BitMEX, a platform notorious for its high leverage. With traders forced to liquidate leveraged positions, a cascade of sell orders flooded the market. The situation spiraled out of control as liquidity providers pulled out, and spreads between BitMEX and other exchanges, like Coinbase, soared above $500.
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A Historic Collapse
What followed was a complete liquidity breakdown. With no one left to buy, Bitcoin briefly nosedived to a historic low, wiping out billions of dollars in market value. For a brief moment, the crypto world stood still, shaken by one of the worst single-day crashes in Bitcoinâs history.
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March 12, 2020, stands as a stark reminder of Bitcoinâs volatility, a day when market structure unraveled, and chaos reigned. Yet, in the aftermath, the market bounced back strongerâreinforcing the unpredictable yet resilient nature of cryptocurrency.
đš Shiba Inu Holders, Major Update! 770 Billion SHIB Burned â What's Next? đš
Big news has just hit the Shiba Inu community, and itâs shaking things up! đ„ A massive 770 billion SHIB tokens have been burned, and itâs got everyone asking: what does this mean for SHIBâs future?
Hereâs a quick breakdown of everything you need to know:
đ What Just Happened?
A total of 770 billion SHIB tokens were burned, reducing the overall supply. This could have a big impact on the price and the future of Shiba Inu.
đ€ Whoâs Behind It?
Weâll reveal the team or individuals responsible for this burn and how this could affect SHIB moving forward.
đ Shiba Inuâs Price Outlook â Could a Pump Be Coming?
This burn has set the stage for potential price movement. Weâll analyze whether SHIB is gearing up for a price surge or increased volatility.
đĄ Expert Price Predictions
Get the latest insights on where SHIB might be headed next, with key price targets to watch.
đ€ What Should SHIB Holders Do Now?
HODL or Sell? With this major event unfolding, weâll break down your options and what other investors are saying. Is it time to hold tight or cash out?
đ This could be a pivotal moment for Shiba Inu, so make sure you stay informed about whatâs next!
Don't miss this important update for your SHIB investment! đ
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #NeiroOnBinance
$SHIB
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Someone made over $100k thanks to politicial memecoins
Memecoins did survive an incredible year with Harris and Trump
But will this narrative be relevant going forward?
Political meme coins and prediction markets have been pivotal in the current crypto bull market, influenced by the U.S. election and Trumpâs pro-Bitcoin stance
Tokens like TRUMP and MAGA have become speculative assets, fluctuating with candidate fortunes
Most major PolitiFi tokens by market cap are tied to the Republican nominee, while those named after Kamala Harris have smaller valuations
Investing in these tokens is risky; for example, "Jeo Boden" peaked at $1.07 in April but dropped 99.6% after the president ended his re-election bid
The November election has become a huge business for Polymarket, with users betting on various issues using cryptocurrency
Nearly $1 billion has been bet on who will win - Harris or Trump - and it's still too close to call
The big question is whether political meme coins and prediction markets will fall in value once the election is over
According to Dune Analytics Polymarket will break its monthly trading volume record in September, surpassing August's $472.8M
Whatâs Next?
Political meme coins have primarily been a U.S. phenomenon but could expand globally
This potential expansion depends on factors like crypto regulations, digital asset adoption, and political systems in other countries
A Trump win in November could boost crypto markets, especially if he establishes a Bitcoin reserve and strengthens U.S. mining efforts
His namesake coins would likely rise
However, a loss could diminish political meme coins temporarily, with new tokens possibly emerging only with
đš LOKA/USDT Weekly Chart Analysis: Immediate and Long-Term Targets đš
LOKA is showing signs of a potential breakout on the weekly chart. The immediate target suggests a possible bullish run, while the long-term zoomed-out chart reveals more significant resistance levels that could be tested. Letâs break it down:
Immediate Outlook:
đč Support Holding: LOKA has strong support around $0.2175 and $0.1977.
đ Key Resistance Levels: First immediate target sits around $0.3108, followed by $0.4742.
đ Bullish Breakout: If momentum continues, we could see prices heading towards the $0.45 - $0.50 range.
Long-Term View (Zoomed Out Chart):
đ Historical Resistance: Significant levels at $1.5796, $2.4716, and $4.4863.
đ Bottoming Out: LOKA has been consolidating for several months, indicating a potential reversal is on the horizon.
â ïž Major Resistance Ahead: If bullish momentum sustains, we could see a long-term target of $1.5796, which marks a crucial point for future rallies.
Engage now! Share your thoughts below, or tip if you found this analysis helpful! đŹđ
The increasing aggregate supply of stablecoins, now approaching its all-time high of $160.4 billion, is a noteworthy development. This trend can be viewed as a positive indicator, reflecting the accumulation of capital in USD-pegged assets, which are readily convertible into digital currencies. However, it may also imply that, at this stage, investors are opting to hold capital in stablecoins rather than reallocating it into riskier digital assets, signaling a cautious market sentiment.#BinanceSquareFamily #Follow For Moređ°đ°
Title: Unlocking the Potential: How the Next Altcoin Cycle Could Turn $3k into $300k by 2025
Over the last three market cycles, altcoins have followed a remarkably similar growth pattern, leading to explosive parabolic moves at specific points. If history is any guide, we could be on the brink of another massive surge. For those who are strategic and invest wisely, the upcoming cycle might offer the chance to turn a modest $3k investment into a staggering $300k by 2025.
Here are my top altcoin picks with the highest growth potential, poised for massive gains as the cycle unfolds đ§”đ
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đ€Ș CZ is getting out: will there be a pump for $BNB ?
Soon, our beloved #Binancefounder will be out, and his baby â the BNB token â is drawing something that looks like a triple bottom or a H&S, depending on how you see it.
Letâs make some bets and share opinions, setting up a little night chat! What do you think, will CZ's release affect the market?
Drop your thoughts in the comments, weâre curious to read them!
đ„- Yes, it will, the BNB #ECOSYSTEM is about to pump hard
â€ïž- Wonât affect anything
đż- Who is CZ?
đ #BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC
{spot}(BNBUSDT)
đ Retail Bitcoin investors, especially "crabs" and "shrimps," are making waves! In the past 30 days, they've amassed 35,000 BTC, showing growing confidence among smaller holders. đŠđŠ
đĄ With 40,000 BTC withdrawn from exchanges, liquidity is tightening, hinting at a potential supply squeeze. This could set the stage for bullish price movements ahead.
đ Net accumulation of 88,000 BTC in September, seven times the monthly issuance, marks a significant rally not seen since Q4 2023.
What do you think? Are we on the brink of another Bitcoin surge? Share your thoughts! đŹ #Bitcoin #Crypto #BTC
**Bitcoin Accumulation Soars: Retail Investors and Exchange Outflows Drive Market Dynamics đ**
Hey crypto enthusiasts! The Bitcoin ecosystem has seen a significant rally in accumulation over the past 30 days, with approximately 88,000 BTC amassed. This surge is about seven times the monthly bitcoin issuance, marking the strongest accumulation since Q4 2023.
- **Retail Investors Lead the Charge**: Smaller holders, known as "crabs" and "shrimps," have collectively accumulated 35,000 BTC, reflecting increased confidence and participation.
- **Exchange Outflows**: Around 40,000 BTC have been withdrawn from exchanges, indicating reduced liquidity and a potential supply squeeze.
What do you think about these trends? Share your thoughts in the comments!
đ Bitcoin's retail army is on the move! In the past 30 days, "crabs" and "shrimps" have gobbled up 35,000 BTC, showing their growing confidence. đŠđŠ
Meanwhile, 40,000 BTC have been withdrawn from exchanges, hinting at a potential supply squeeze. With reduced liquidity, the stage is set for a bullish run! đ
Net accumulation hit 88,000 BTC, seven times the monthly issuance. Retail investors are driving this surge, and the trend has been strong since May.
Is this the start of a new Bitcoin rally? Share your thoughts in the comments! đŹ #DeFi #Web3 #Bitcoin
đ Visa is diving deeper into the blockchain world! The company has announced the Visa Tokenized Asset Platform (VTAP), aimed at helping banks and financial institutions explore tokenized assets on blockchains.
đč Tokenization converts real-world assets, like money, into digital tokens for blockchain use.
đč VTAP will let banks issue fiat-backed tokens, enabling faster and more efficient transactions.
đč The first pilot will launch on Ethereum in 2025, showcasing enhanced privacy and security.
What do you think about Visa's blockchain move? Share your thoughts in the comments! đŹ
You might also like: SEC charges TrustToken and TrueCoin over stablecoin fraud.
Will Shiba Inu Price Hit $1 if SHIB Rallied Like in 2021?
If SHIB Rallied Like in 2021, Will Shiba Inu Price Hit $1 in 2024?
In 2021, the Shiba Inu price saw an extraordinary surge of 45000% between January and May. After a notable correction, the coin price offered another 1500% jump to mark an all-time high of $0.00008845 in October.
While a 2021-like rally could provide explosive profits to SHIB holders, hitting the $1 target seems virtually impossible. Hereâs why:
Massive Circulating Supply: Despite ongoing efforts to burn tokens, there are still hundreds of trillions of SHIB in circulation. To reach the $1 target, the Shiba inu market cap needs to grow exponentially, even surpassing Bitcoin and Ethereum combinedâ an unrealistic scenario given the currency market condition.
Previous Rally Context: In 2021, the SHIB price rally was driven by a perfect storm of social media hype, meme culture, and an influx of retail investors. While these factors could drive the notable rally, the market may not offer a rally of similar magnitude, given the alternative investment options.
2021 Rally isnât enough: Even if Shiba Inu price prediction shows a similar 45000% surge from its current value of $0.0000154, its worth will rise to approximately $0.00698, not $1.
Will the Shiba Inu price hit $1 if SHIB rallies like in 2021? The answer is no, given the massive supply, emerging competition, and investorsâ need for better utility than just social media hype.
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$NEIRO breaks out: Is $0.10 within reach now for bulls? - AMBCrypto Analytics
NEIRO has captured market attention by surging 13.33% in the past day, trading at $0.09458 at press time. This surge follows a strategic whale move, with 17.71 million NEIRO purchased for $1.53 million at an average price of $0.08662.
NEIRO is already available for spot trading on exchanges such as MEXC, WhiteBIT, Bybit, etc.
NEIRO displays clear signs of bullish momentum. The Relative Strength Index (RSI), currently at 56.69, reflects positive price movement while avoiding overbought conditions.
This signals room for further gains, giving NEIRO a favorable position to advance. Moreover, the Bollinger Bands (BB) reveal a tight range, with the upper band at $0.09879 and the lower band at $0.09212. With NEIRO approaching the upper band, a breakout seems imminent. A push above this range could accelerate the climb toward the $0.10 milestone.
_âïžđ«â ïžTerraform Labs' Final Days: LUNA Coin on Life Support_ đ
$LUNA $BNB $SHIB đ‎ïžđȘ
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{spot}(BNBUSDT)
{spot}(LUNAUSDT)
The curtains are closing on Terraform Labs, the company behind the ill-fated Luna coin. After a catastrophic collapse, regulatory woes, and a $4.5 billion payout order, the end is near.
_The Rise and Fall:_
đ Terraform Labs' innovative blockchain protocol and stablecoin payment platform
đž TerraUSD stablecoin collapse wipes out $40 billion in value
đš Founder Do Kwon faces SEC settlements, criminal charges
_SEC's Verdict:_
đ $4.5 billion payout to creditors and authorities
đž Company liquidation ordered
_Do Kwon's Consequences:_
đ $110 million disgorgement, $14 million prejudgment interest
đ $80 million civil penalty
_LUNA Coin's Uncertain Future:_
đ€ Will it survive Terraform Labs' shutdown?
đ Analysts predict potential surge, others skeptical
_Cautionary Tale:_
đš Regulatory compliance and transparency crucial in crypto market
đźââïž Investors left reeling from Terraform Labs' collapse
_Timeline:_
đ April: Terraform Labs' principals found guilty of securities fraud
đ June: SEC orders company liquidation
đ July: Do Kwon's assets frozen
_Market Reaction:_
đ Luna coin price plummets
đ Crypto market cautiously watches Terraform Labs' demise
_Disclaimer:_
This article is for informational purposes only.
_Risk Warning:_
Cryptocurrency investments carry risk. Do your own research!
_Join the Conversation:_
Share your thoughts on Terraform Labs' downfall! đŹ