Russia will begin conducting international transactions using cryptocurrencies from next week, following new legislation aimed at bypassing Western sanctions. This move allows Russian businesses to use cryptocurrencies like Bitcoin for cross-border trade, while the Central Bank will oversee these transactions. Although this strategy aims to enhance Russia's financial autonomy and trade capabilities, challenges remain due to the volatility of cryptocurrencies and the reliance of many trading partners on traditional currencies. The new law, effective from September 1, 2024, is a significant shift in Russia's financial strategy amid ongoing economic pressures. #Russia #bitcoin☀️ #Regulation #RussianRegulations #RussiaCrypto
Donald Trump has announced a major interview with Elon Musk scheduled for the evening of August 12, 2024. This announcement, made via Trump's Truth Social platform, highlights the interview's significance amid the U.S. presidential election cycle, where Trump is a key Republican candidate. The discussion is expected to draw considerable attention, given Musk's influential role in technology and media. Details on the interview's format and topics are yet to be disclosed, but it will likely cover pressing election issues and possibly Musk's own political activities. #TrumpCryptoSupport #donaldtrump #ElonMuskUpdates #ElonMusk's #BitcoinToTheMoon $BTC $ETH $BNB
Metaplanet, a Japanese investment firm, plans to raise ¥10.08 billion (about $70 million) through stock acquisition rights to increase its Bitcoin holdings. This marks a strategic shift from the hotel industry to cryptocurrency investments, aiming to hedge against currency depreciation and economic instability. The initiative reflects growing interest in digital currencies in Japan. Metaplanet currently holds approximately 246 BTC, valued at $13.4 million. #Japan #JapanCrypto #JapanEconomy #JapanStockMarket #BTCMarketPanic $BTC $ETH $BNB
6% profit in Bitcoin SPOT buying from my previous signal, remember one thing this is local relief as per PA right now. So do your risk management as well. Follow me for more free signals and market updates. Best of Luck...!!
"After checking charts this morning I can confidently say that… I have no clue." The sentiment is optimistic despite challenges:
- The Bitcoin Halving event has occurred, but significant growth hasn't followed yet. - Miners' breakeven zone is estimated to be in the $50,000 - $60,000 range. - Major assets and indexes are still above crucial support levels, maintaining an uptrend.
Despite triggering many stop losses and resulting in losses for traders, including the author, the message emphasizes staying strong and positive. Challenges are part of trading, but those who endure will ultimately be rewarded.
Bitcoin has left a notable CME gap above the current price level, suggesting confidence that the price will eventually rise to "close" this gap.
A CME gap occurs when the price of Bitcoin on the Chicago Mercantile Exchange (CME) closes at one price and then reopens at a different price, creating a gap on the chart.
U.S market is not opened yet but, The pre-market situation for US stocks is very poor. If a "bloodbath" similar to other countries occurs in the US stock market, the situation could worsen for cryptocurrencies. Additionally, Taiwan's stock market experienced its largest loss since 1967 today. #BTCMarketPanic #RecessionOrDip? #MarketDownturn #Babylon_Mainnet_Launch #BinanceHODLerBANANA $BTC $ETH
The recent market moves were triggered by the Bank of Japan raising interest rates to 0.25% for the first time in decades. This change has significant implications:
- Many funds had borrowed money in Japan at very low or zero interest rates to invest in bonds, stocks, and cryptocurrencies. - With the rate hike, the cost of borrowing has increased, making this strategy unprofitable. - Consequently, these funds and individuals are selling off their investments to repay their debt.
Trading is the hardest way of making easy money in the world. The key to success in trading is to endure the challenging times and avoid giving up, even during significant drawdowns. Staying in the market through tough periods is crucial for achieving success and profitability over time. Best of Luck...!!
The Fed is expected to call an emergency meeting to lower interest rates by 25 or 50 basis points, as waiting until September may be too late to support the economy. This move is seen as a necessary measure to stabilize the U.S. economy, similar to the actions taken in 2020. #btccrash #marketcrashed #MarketCrashAlert #EMERGENCY #PowellSpeech
Justin Sun, founder of Tron, has experienced significant financial losses due to a market downturn, notably losing around $66 million after Ethereum's price fell by over 10%. This loss followed a previous profit of $58 million from Ethereum. The market's volatility has led to widespread liquidations, including Sun's, raising concerns about his financial strategies. He recently transferred $21 million worth of various cryptocurrencies to Binance, prompting speculation about his intentions and potential impact on the market. Sun's actions reflect the challenges faced by investors in the volatile cryptocurrency space. #justinsun #Liquidated #crash #Ethereum2 #ETH🔥🔥🔥🔥 $ETH
Crypto market crashed, because of the following reasons
1. Iran vs Israel war 2. All markets down because of fear of Global Recession in 2025. 3. Genesis Global moved $1.5 billion in Bitcoin and Ethereum to repay creditors after its bankruptcy. The transfer involved over 16,000 BTC and 166,000 ETH, causing Bitcoin's price to drop by 2.2%.
Note :- Don't to be worry at all, just avoid future trades at the moment and focus on SPOT buying of Ethereum and Bitcoin. Nothing else.
Additionally :- You peoples were already updated by the PA of BTC, as Bitcoin rejected from resistance.