$DOT the downtrend started be catious everyone! | MarketMomentum on Binance Square

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the downtrend started be catious everyone!

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🚨 Bitcoin Slips Below $59K: Crypto Market Sees $132M in Liquidations 💥 🌐 The crypto market faced a turbulent day as Bitcoin dipped below the $59,000 mark, triggering a wave of liquidations across the board. With increased selling pressure, traders witnessed a major shakeout in the derivatives market, leading to significant losses. 📉 🔍 Key Highlights: - Bitcoin Dips: BTC slipped to an intraday low of $58,315, after peaking at $61,868 earlier in the day. This marks a 3.8% drop over 24 hours, adding up to a 13.9% loss over the past two weeks. 💸 - Market Decline: The broader crypto market declined by 3.18%, bringing its total value down to $2.06 trillion, despite a 7.53% increase in global trading volume. 📊 - Massive Liquidations: According to Coinglass.com, a staggering 54,744 traders faced liquidations totaling $132.49 million by 5:15 p.m. EDT. Of this, $102.33 million were from long positions, with Bitcoin trades accounting for $25.95 million in losses. 💥 💔 Ethereum and Solana Hit Hard: - Ethereum (ETH): ETH dropped to $2,540 after reaching $2,720 earlier, with long positions suffering $22.84 million in losses. - Solana (SOL): SOL wasn't spared either, with long liquidations amounting to $8.37 million on Sunday. 😔 🔥 The largest single wipeout occurred on OKX, where an Ethereum trade resulted in a $2.17 million loss. As prices across the crypto market remained volatile and selling pressure mounted, the impact on traders was significant. What are your thoughts on the recent crypto market downturn? Share your opinions in the comments below! 💬 #CryptoCrash #Bitcoin #Ethereum #Solana #MarketUpdate $BTC $ETH $SOL

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Bitcoin Difficulty Reduction Incoming? Miners Prepare for a Shift on Aug. 14 🔽💰 $BTC Bitcoin miners may soon catch a break as the network's difficulty is expected to decrease by 4% to 5.3% on August 14. 📉🔧 Key Updates: - Recent Difficulty Spike: On July 31, Bitcoin’s difficulty surged by 10.5%, reaching a record high of 90.67 trillion after faster block completions. ⛏📈 - Upcoming Adjustment: Due to slower block times averaging around 10 minutes 32 seconds, a reduction in difficulty is anticipated. This will ease mining operations in a challenging low-revenue environment. 🕒🔽 - Current Hashrate: As of August 11, 2024, Bitcoin's total hashrate stands at 618.47 EH/s, and the hashprice is at $42.43 per petahash, significantly lower than pre-halving levels. 🔍💸 Miners are watching closely as the difficulty adjustment could impact their operations. What are your thoughts on this upcoming change? Let us know in the comments! 💬👇 $BTC

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Tech Giants Losing Momentum Amid AI Disappointment 📉🔍 The hype surrounding the “Magnificent Seven” tech stocks—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—might be fading as AI advancements fall short of investor expectations. 🚀📉 Key Points: - AI Disappointment: Progress in AI hasn't significantly cut human labor costs, leaving investors underwhelmed. According to Sandeep Rao, a senior researcher at Leverage Shares, the anticipated savings have been minimal. 💼🤖 -Investor Shift: This disillusionment could lead investors to reassess their positions and seek more promising opportunities. 📊🔄 The tech giants may face increasing scrutiny as the impact of AI on operational costs continues to underperform. follow for more! you can also send tips to help our team evolve and start a copy trading account!

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Web3.0 Summit in Hong Kong Highlights Future of Decentralized Finance 🌐🚀 The 'Web3.0 Reshaping the Future of Finance Summit and Broken Bound Global Innovation Ecosystem Conference,' organized by Broken Bound, wrapped up in Hong Kong on August 12, 2024. 🌟 **Event Highlights:** - **Global Gathering:** Nearly 1,000 attendees from Asia, Europe, and North America explored DeFi and Web3.0 innovations. 🌍 - **Key Topics:** Discussions included BVP cross-chain technology, community token LP ecosystems, and MEMECoin market-making. 📈🔗 - Future Plans: Broken Bound will continue their global tour to enhance blockchain collaboration and drive financial ecosystem transformation. 🛠️🌐 The summit underscored the potential of technological advances in shaping the future of decentralized finance. #mememcoinseason2024 #memecycle #MemeCommunity $PEPE $DOGE $AI

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Blockchain Investigator Links WBTC Whale to Suspicious Activities 🕵️‍♂️💸 Foresight News reports that blockchain investigator ZachXBT has connected a major WBTC holder to dubious activities, including ransomware and pig-butchering scams. 🚨 **Key Details:** - **Large Holdings:** One address holds 1,253 WBTC (~$73M) and another has 185 WBTC (~$10.8M). 🏦 - Concerns Raised: The findings underscore the challenge of tracking and regulating digital assets to prevent criminal misuse. 🔍💥 Stay alert as the crypto world navigates these security challenges. 🛡️#MarketSentimentToday #WBTC #WBTCUnderScrutiny $WBTC $BTC

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