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CRYPTO MECHANIC
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10-12 red 4hr candles on almost every Altcoin.
This is insane, A proper wipe out
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Here is why $RUNE Dropped hard THORChain pauses THORFi services and enforces 90-day restructuring to address financial challenges. Might Be possible they're insolvent / bankrupt as the reason is "Financial challenges" Not too sure but this is the reason why the price dropped over 30%.
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The Best Learnings are a result of Losses and Mistakes. When do you learn the most? When you take losses, make mistakes, suffer drawdown and have down moments. At such times, you are forced to improve, reflect and change things up. Losses are your Guide to what doesn't work, so you can avoid doing it again.
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President Trump signed executive orders and here is the summary of it. Digital Asset Markets to strengthen U.S. leadership in digital finance. 📌 The Working Group will be tasked with developing a Federal regulatory framework governing digital assets, including stablecoins, and evaluating the creation of a strategic national digital assets stockpile. 📌 The Working Group will be chaired by the White House Al & Crypto Czar DavidSacks and include the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, and the heads of other relevant departments and agencies. 📌 The White House Al & Crypto Czar will engage leading experts in digital assets and digital markets to ensure that the actions of the Working Group are informed by expertise beyond the Federal Government. 📌 The Executive Order directs departments and agencies with identifying and making recommendations to the Working Group on any regulations and other agency actions affecting the digital assets sector that should be rescinded or modified. 📌The Executive Order prohibits agencies from undertaking any action to establish, issue, or promote central bank digital currencies (CBDCs). 📌 The Executive Order revokes the previous Administration's Digital Assets Executive Order and the Treasury Department's Framework for International Engagement on Digital Assets which suppressed innovation and undermined U.S. economic liberty and global leadership in digital finance.
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Can't believe Altcoins are this weak while $BTC is chilling above $100k
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$TAO Have a pretty clean chart, Price broke below a key support zone. As long as price doesn't reclaim back above $400-440 the chart looks weak.
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