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$2.9 trillion got wiped out from the U.S. stock market this morning due to fears of a looming recession 😱
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#SNT/USDT ANALYSIS SNT is rebounding from the support trendline of an ascending triangle pattern and is currently attempting to break through its horizontal supply zone. The Ichimoku Cloud indicates bullish strength, suggesting potential momentum. A decisive breakout from the pattern could signal the start of a bullish rally in the market. $SNT #HoldOnTight #CryptoAMA #Write2Earn
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#Bitcoin bulls successfully defended the $68K level at the weekly close. Expect heightened volatility this week, with an initial dip likely to occur as a liquidity grab, so don’t be alarmed. We’re still on track to see a potential weekly close around $70K. Given the U.S. elections this week, it may be wise to stay cautious and avoid heavy market exposure for a few days due to anticipated volatility. In my opinion, a Trump win could trigger a quick pump, but a dip might follow to fill the CME gap, likely serving as a liquidity grab only. Regardless, bull run is coming soonnn! Get ready 🚀 $BTC #HoldOnTight #CryptoAMA
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#EGLD analysis: Price is currently trading in a falling wedge pattern. It is near the support line of this pattern, and a bounce is expected from this level. You may consider entering a long position here with a tight stop loss. Support Area: $21.50-$22.00 $EGLD #HoldOnTight #Write2Earn #CryptoAMA
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Here's the Analysis of #STROJ : #STROJ is been trending lower and bouncing off from the trendline. Currently, price is price nearly at its minor support zones and expected to reach a key area around $0.31 or had a flip of $0.50 for buys. $STORJ #HoldOnTight #Write2Earn #CryptoAMA
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✅ This week we almost reached the old ATH price of Bitcoin, but the bulls failed to push high enough and the market dumped and is now testing the $68k support level 📉 Weekly news digest: 💎 Crypto 🔸 MicroStrategy plans to raise $42B to buy more Bitcoin over the next 3 years 🔸 State Florida CFO says state holds about $800 million in "crypto-related" investments 🔸 UBS Asset Management launched the first money fund on the Ethereum blockchain 🔸 Zircuit announced fairdrop for EigenLayer token holders and stakers 🪂 🔸 The Trump crypto project World Liberty Financial intends to launch a native stablecoin 🏦 Crypto Exchanges 🔸 Binance partnered with Amazon Web Services to use Amazon AI for KYC verification 🔸 Crypto exchange Coinbase fell $60 million short of revenue expectations in the third quarter, stock dumps 👋 It was a week of layoffs 🔸 Kraken crypto exchange announced the layoff of 15% of its workers 🔸 Ethereum software company Consensys announced that it has laid off 20% of its global workforce 🔸 dYdx, the company building an on-chain derivatives exchange, fired 35% of its core team 💵 Finances and Economy 🔸 Bitcoin and Gold both will win if Trump wins the election, says JP Morgan 🔸 The U.S. added just 12,000 jobs in October, well shy of economist forecasts for 113,000 🔸 Stablecoin issuer Tether posted $2.5 billion in profits in the third quarter of 2024 🔸 Canary Capital officially filed for a spot Solana ETF 🔸 US Treasury says CBDC should replace stablecoins 🔸 Russian court fined Google for two and a half decillion dollars 🔸 Immutable (IMX) disclosed that it received a letter from the U.S. SEC threatening potential enforcement action ahead. 🔸 The U.S. Department of Justice has indicted the founder and CEO of crypto Gotbit 🔸 Binance founder CZ appeared at the Binance Blockchain Week, his first public event after jail 🔸 Florida’s Chief Financial Officer urges state board to evaluate crypto investments for public pension funds
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