⚡BREAKING Evergrande: Game Over for Giants? ⚡

📢 Today marks a seismic shift as the Hong Kong Government decrees the liquidation of the colossal Evergrande Group. 🏢

Stock markets halt, leaving investors with empty pockets. The magnitude?

A staggering $300 billion loss in mere hours—making Madoff's saga seem a mere warm-up.

💥 Brace for global ripple effects, echoing through banks, investment funds, and the financial system at large.

The impact won't stop at the demise of Evergrande but could trigger a domino effect, reaching the mighty US dollar and the Federal Reserve's printing press.

💼 The plot thickens. Tether, tethered to the US dollar at 1:1 parity, stands as the third-largest digital asset market player.

With China steering clear of the dollar and hedge funds intertwined with spot ETFs, the intricate dance of financial giants takes a dramatic turn.

🔄 As I've shared before, this infographic gains newfound relevance. Stay tuned as we navigate the turbulent waters of global finance. 🌐💰

#Evergrande #FinancialCrisis #GlobalImpact #TradeNTell #Write2Earn $BTC $SOL $BNB

LAST MINUTE: China-based real estate giant #Evergrande , with assets of more than $ 250 billion, has filed for bankruptcy. #crypto2023 #Binance

Bitcoin’s Price Plummets 8% in 10 Minutes to June Lows 📉

Bitcoin's price #fell around 8% in 10 minutes on August 17, reaching levels unseen since June. Starting at $27,600, it dropped over 8% to $25,320, with some exchanges showing a dip to the low $26k range.

The fall was influenced by factors including #SpaceX 's $373 million BTC sale and China's #Evergrande Group filing for bankruptcy.

This brought Bitcoin's market cap below $500 billion, a first since June 16.

However, despite this dip, Bitcoin remained 60% up from the start of 2023 at around $16,550.

#Binance
#crypto2023

Buy crypto or not ? 😮‍💨
 
Grateful for everything crypto has given me, but I still think that #crypto is not for everyone.

we have seen everything from false news to numerous FUDs that have completely crashed the market.

From #SpaceX selling #Bitcoin  news to #Evergrande filing for bankruptcy to a judge granting the SEC's request to file a motion for appeal in the #Ripple case, which completely feels like manipulation from the big players.
 
Over $1B got liquidated from the market, and 177k traders got rekt.
 
If you can't deal with these FUDs and these volatile price actions, then this industry is not for you, and you should not invest.

Remember, if you can't handle 80%–90% drawdowns, you don't deserve 900%–1000% gains.

This may seem harsh, but it's the only truth!🙏

Follow @Amansaiofficial ✅