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🔥🇹🇷 Bitcoin and Türkiye statement from Michael Saylor Michael Saylor, chairman of the board of directors of MicroStrategy, said that Bitcoin is a hope for Turkey. #michaelsaylor chairman of the board of directors of MicroStrategy, a US company that has more than 214 thousand Bitcoins on its balance sheet, stated that #BTC is the hope for Turkey. In his post from his personal X account, Saylor drew attention to the constantly rising price of Bitcoin against the Turkish Lira and said, “Bitcoin is a hope for Turkey." he wrote. Saylor had previously drawn attention to the fact of inflation in Turkey. MicroStrategy's founder stated in a Bloomberg broadcast in January that Bitcoin is ”an attractive asset for those who want to protect their wealth while struggling with political instability, currency depreciation and counterparty risk in countries such as Turkey." Saylor argues that in economies where the currency has suffered a huge depreciation, the best solution for citizens, companies and families lies in Bitcoin. The technology entrepreneur has been actively promoting Bitcoin since 2020. Saylor's company MicroStrategy, which has adopted a persistent Bitcoin strategy, has also been buying Bitcoin since 2020. As a result of dozens of purchases, MicroStrategy's Bitcoin assets exceeded 214 thousand. The company has made more than $ 6 billion profit from Bitcoin on paper. #Turkey #binance

🔥🇹🇷 Bitcoin and Türkiye statement from Michael Saylor

Michael Saylor, chairman of the board of directors of MicroStrategy, said that Bitcoin is a hope for Turkey.

#michaelsaylor chairman of the board of directors of MicroStrategy, a US company that has more than 214 thousand Bitcoins on its balance sheet, stated that #BTC is the hope for Turkey.

In his post from his personal X account, Saylor drew attention to the constantly rising price of Bitcoin against the Turkish Lira and said, “Bitcoin is a hope for Turkey." he wrote.

Saylor had previously drawn attention to the fact of inflation in Turkey. MicroStrategy's founder stated in a Bloomberg broadcast in January that Bitcoin is ”an attractive asset for those who want to protect their wealth while struggling with political instability, currency depreciation and counterparty risk in countries such as Turkey."

Saylor argues that in economies where the currency has suffered a huge depreciation, the best solution for citizens, companies and families lies in Bitcoin.

The technology entrepreneur has been actively promoting Bitcoin since 2020. Saylor's company MicroStrategy, which has adopted a persistent Bitcoin strategy, has also been buying Bitcoin since 2020. As a result of dozens of purchases, MicroStrategy's Bitcoin assets exceeded 214 thousand. The company has made more than $ 6 billion profit from Bitcoin on paper.

#Turkey #binance

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
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😱🇹🇷 Cryptocurrency Law in Turkey Will Be on the Parliamentary Agenda This Week: So What Awaits Investors? This week looks like it will be quite an eventful one for cryptocurrency investors. Because the #cryptocurrency law, which #Turkey has been talking about for years but has not been able to implement, is ready this time, according to President Erdogan's statement. The regulation is expected to be put on the Parliamentary agenda later this week. One of the most talked about issues related to the cryptocurrency law, which has been studied for a long time, is the tax collection from investors. Although there is no official statement at the moment, there is talk of a taxation rate of 2 per thousand. Some sources of claims, on the other hand, are talking about higher rates. This week, it seems that this issue will become a certainty. According to the information obtained, the cryptocurrency law will make far-reaching definitions for crypto assets. But there is more to it than that. Brokerage institutions that make cryptocurrency transactions possible are also at the center of the law. It is also aimed that these institutions will be licensed by the CMB and the rights of investors will be protected. On the other hand, it is expected that sanctions and penalties will also come to the agenda with this law. #BTC #binance
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🪂🪂🪂Tron Founder Justin Sun Packaged 2 Million Tokens in EigenLayer Airdrop Tron (TRX) founder and CEO #JustinSun has emerged as a major beneficiary of the EigenLayer token airdrop. It has raised over $2 million of EIGEN tokens from the Phase 1 airdrop conducted by EigenLayer. he has secured a huge EIGEN token of 2.08 million. Moreover, the community is also 2. He is also preparing for the stage airdrop. Tron CEO Receives #EigenLayer Airdrop Award Saturday May 11, 2024, the reported transaction has increased the widespread interest towards the EigenLayer token launch, especially given Sun's influential position in the crypto space. In addition, the address connected to the Sun and marked as “Justin Sun 4” (0x176...a132) is especially in the second place in terms of deposit volume in EigenLayer. Before this airdrop claim, the address had made significant contributions to EIGENLAYER's ecosystem. March October, according to Wu Blockchain, Sun reportedly invested 104,000 ETH directly and an additional 58,000 ETH through Puffer. According to the current ETH price, the deposit is worth over $ 469 million. EigenLayer, known for its role as the leading reevaluation provider on Ethereum, has attracted a lot of attention in the blockchain space. He also receives over $100 million in support from Andreessen Horowitz. In addition, the platform currently has a pool security system that holds about October 16 billion in user deposits. EIGENLAYER's highly anticipated EIGEN token airdrop marks an important milestone for the project. However, despite the excitement in the distribution, the new tokens will not be negotiable for an indefinite period of time. This will delay their trade. Meanwhile, rumors circulating in the community indicate that the fully diluted market capitalization of EIGEN could potentially reach an impressive $ 15 billion. Dec. #binance #airdrops
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😱🫨Dogecoin Near 'Golden Cross: A Sign of Bullishness? Is History Repeating? #Dogecoin (#DOGE ), the leading meme cryptocurrency by market capitalization, is showing signs of entering another bullish phase reminiscent of its spectacular rise in early 2021. According to CoinDesk, Dogecoin’s market cap currently stands at approximately $22 billion, with a remarkable year-to-date price increase of over 70%, significantly outstripping Bitcoin’s (BTC) near 50% gain. A critical technical indicator, the ‘golden cross’, is nearing confirmation for Dogecoin. This occurs when the 50-week simple moving average (SMA) crosses above the 200-week SMA, signaling potential long-term upward momentum. Such crossovers are often used by momentum traders to pinpoint optimal market entry and exit points. Historically, Dogecoin experienced a golden cross in early January 2021, which preceded a four-month rally leading to an unprecedented 8,000% increase in its price, peaking at 76 cents on Binance. However, it’s crucial to approach such indicators with caution as past performance is not always indicative of future results, and moving average crossovers can sometimes lag behind actual market movements. Moreover, the dynamics around meme cryptocurrencies like Dogecoin differ significantly from more traditional investments. Lacking substantial real-world applications, their market movements are largely driven by speculative trading. This makes them particularly vulnerable to shifts in global financial conditions such as liquidity and interest rate changes. During Dogecoin’s 2021 rally, global interest rates were at or near zero, fostering an environment ripe for high-risk investments. Currently, however, with U.S. interest rates exceeding 5%, the economic backdrop is considerably different, potentially influencing the trajectory of speculative assets like Dogecoin. Investors should remain vigilant, considering both the technical setup and broader economic factors when evaluating the potential for another major rally in Dogecoin’s price. #Memecoins #binance
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🐸🦈Crypto Whales Buy $5.56 Million in PEPE Amidst the Market Dip Major crypto whales have capitalized on the current market downturn. They have acquired substantial amounts of the meme coin Pepe (#PEPE ), with transactions totaling approximately $5.56 million. This activity coincides with a general decline in the crypto market. Is Pepe Poised to Surge 51%? Spot On Chain, an on-chain analysis platform, detailed that a prominent crypto whale, identified by the wallet address 0xa14, has been particularly active. This investor withdrew 350.2 billion PEPE, valued at $2.93 million, from the crypto exchange Binance. This transaction marks the investor’s fourth in an ongoing series, bringing their total estimated profit from this trade to $1.63 million, a 15% increase. Furthermore, since March 14, 2024, this whale has withdrawn 1.449 trillion PEPE from Binance at an average price of $0.000007496, with total spending estimated at $10.86 million. Subsequently, deposits back into Binance amounted to 789.26 billion PEPE, acquired at an average price of $0.000008542, totaling $6.74 million. Currently, the investor holds 660 billion PEPE, valued at approximately $5.74 million. “Previously, the whale had earned an estimated cumulative profit of $955,000 (+33.6%) from all 3 previous PEPE trading cycles. He has a win rate of 100%,” Spot On Chain mentioned. Other significant traders have also been accumulating PEPE. According to Lookonchain, another investor, identified as 0xa4F, purchased 123.66 billion PEPE at $0.00000881, amounting to $1.09 million in USDC. Similarly, wallet address 0x895 withdrew 101 billion PEPE, worth about $885,000, from Binance. Meanwhile, 0x24E3 invested $661,000 USDC to buy 74.5 billion PEPE at a rate of $0.000008873. These acquisitions occurred as Bitcoin experienced a notable dip, dropping nearly 5% from $63,400 to $60,180 last Friday. Despite the broader market’s struggles, PEPE has shown resilience and a quick recovery, currently up nearly 7% from Friday’s low. #Memecoins #binance #altcoins
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🫨🔥Dogecoin (DOGE) Price Eyes ‘Golden Cross’, A Mega Rally ahead? #Dogecoin (#DOGE ), the world's largest meme coin, is laying the foundation for the upcoming mega rally as the cryptocurrency market continues its upward trajectory. The Dogecoin price chart shows that the altcoin is approaching the very popular 'Golden Cross', which is aimed at rewarding long-term investors. Dogecoin Gold Cross Pattern As of the press date, the Dogecoin (DOGE) price is trading at $0.145 with a market capitalization of $ 20.92 billion. It is currently trading at an 85% gain since the beginning of the year. From a broader perspective, despite the recent correction over the past four days, the overall upward trend remains intact. We also witnessed strong Dogecoin whale activity in the market earlier this week. On closer inspection, there are even more reasons to be optimistic: The 50-week simple moving average (SMA) of the token's spot price is currently rising. If this trend continues, it may intersect with the 200-week SMA in the coming weeks. This convergence will create the golden cross, a significant event that has not been seen on Dogecoin since early 2021. During this previous event, DOGE launched a remarkable rally and reached an all-time high above $0.73 per cryptocurrency just four months later. In simple terms, if a gold cross is formed, this indicates that new buyers are making profits faster than long-term owners, who performed slower in previous days. For investors, this usually indicates a potential shift towards an bullish trend and is interpreted as a strong buying signal that signals the end of a bearish trend and the beginning of an bullish trend. The first positive indicator of Dogecoin's price appeared in March, when it exceeded the 200-week SMA, which led to an increase of more than 70% within a week. This move contributed to the rise of the SMA 200, breaking its previous recession. As mentioned, if the expected Golden Cross comes true, it will be the first in more than three years. #Memecoins #binance
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