**Japan in HODL Mode on Crypto ETFs, But Still Bullish on Bitcoin**
- Japan’s regulators are dragging their feet on approving cryptocurrency-based ETFs, despite global markets diving in headfirst. 🌏
- Domestic advocacy groups are pushing for digital asset products, but Japan’s tax and regulatory hurdles are like that one friend who’s always late to the party.
- Mario Nawfal humorously noted Japan’s approach as “still in HODL mode.”
- Meanwhile, the US and Hong Kong are already enjoying their spot BTC and Ether ETFs, with investors pouring millions into new products.
- Japan’s tax policy treats crypto profits harshly, taxing up to 55%, compared to a friendlier 20% for traditional ETFs.
- Despite this, Japanese firms like Metaplanet are still bullish, adding more BTC to their portfolios.
Source: Mario Nawfal’s Roundtable
🚀 Bitcoin's rally towards $70K hit a snag, causing a broader market dip with the CoinDesk 20 index down nearly 2%. U.S.-listed Bitcoin ETFs saw net outflows, hinting at a shift in investor sentiment or profit-taking. 📉
Stablecoin volumes, a key liquidity indicator, remained flat, signaling a potential market slowdown. DOGE and XRP led losses among major tokens, dropping 5% and 4%, respectively, after a recent surge. Despite this, traders remain optimistic about a run to $80K as U.S. elections approach.
What are your thoughts on the market's next move? Share below! 💬 #CryptoNews #Bitcoin
🚀 **Crypto Market Update: Bitcoin Stumbles, Market Follows**
Bitcoin's attempt to rally towards $70,000 fell short, causing a ripple effect across the crypto market. The CoinDesk 20 index dropped nearly 2%, with major tokens like Dogecoin (DOGE) and XRP leading the losses, down 5% and 4% respectively.
- **Bitcoin ETFs**: U.S.-listed Bitcoin ETFs saw a net outflow, breaking their inflow streak and hinting at a shift in investor sentiment.
- **Stablecoin Volume**: No growth in stablecoin volume suggests a potential slowdown in market liquidity.
- **Market Sentiment**: Traders remain optimistic, predicting a run to $80,000 for Bitcoin as U.S. elections approach.
What are your thoughts on the current market trends? Share in the comments!
🚀 **Bitcoin Rollercoaster: BTC Dips Below $67K!** 🚀
Hold on tight, Bitcoin enthusiasts! After a thrilling ride last week, BTC has faced some turbulence, dipping below $67,000. 📉 Despite soaring to a high of $69,500 on Monday, it couldn't quite conquer the $70,000 milestone, leading to a quick retreat.
The crypto market cap also took a hit, dropping to $2.4 trillion from a recent peak of $2.5 trillion. However, BTC's dominance has inched up to 54.8%, showing its resilience even in a downturn. 💪
While altcoins are seeing red, Bitcoin remains the beacon of hope in the crypto world. 🌟 Stay optimistic, BTC believers!
**Japan Hesitates on Crypto ETFs Amid Global Adoption**
Japan's regulators are cautious about approving cryptocurrency-based exchange-traded funds (ETFs), even as global markets, including the US and Hong Kong, embrace them. Despite domestic advocacy and partnerships pushing for digital asset products, Japan's tax and regulatory policies pose significant hurdles.
**Global Trends:**
- The US and Hong Kong have approved spot Bitcoin (BTC) and Ether (ETH) ETFs.
- Investors recently poured $329 million into BlackRock’s iShares Bitcoin Trust.
**Japan's Stance:**
- The Ministry of Finance and Financial Services Agency (FSA) remain wary of crypto ETF volatility.
- Profits from crypto investments are taxed as miscellaneous income at rates up to 55%, compared to traditional ETFs' 20% capital gains tax.
**Political Moves:**
- Yuichiro Tamaki, leader of Japan’s Democratic Party for the People, advocates for a 20% tax on crypto assets, aiming to strengthen Japan's position in Web3.
**Market Activity:**
- Despite regulatory concerns, Japanese firms like Metaplanet continue to accumulate Bitcoin, with recent purchases bringing their holdings to nearly 640 BTC.
#LITUSDT is showing promising signs of a potential bullish continuation from the key support level at $0.600. The recent price action, which saw a break above the descending resistance, has set the stage for a move upward. However, for this bullish momentum to hold, the price needs to remain steady at the support level, potentially setting the scene for a breakout above the internal resistance.
But we're not in full breakout mode just yet. For a confirmed move higher, a decisive break above the internal resistance at $0.820is crucial. This needs to be backed by strong engulfing candles and sustained upward momentum. Until these signals appear, it's wise to stay cautious and avoid jumping into trades prematurely.
Nokia cuts ≈2,000 jobs in China as part of cost cuts
Nokia has laid off close to 2,000 people or about a fifth of its employee base across Greater China and plans to cut another 350 jobs across Europe as part of efforts to lower costs, according to two sources familiar with the matter.
As of December 2023, Nokia had 10,400 employees in Greater China and 37,400 employees in Europe, according to its annual report.
The company laid out plans last year to cut up to 14,000 jobs to reduce costs and save between 800 million euros ($868 million) and 1.2 billion euros by 2026.
The cuts are part of that plan, the sources said.
China was once the second-largest market for Nokia. But after western countries started banning Huawei from 2019, contracts from Chinese telecom operators reduced for both Nokia and Ericsson.
Follow for updates, analysis and price action. Thanks.
buy these and enjoy Q4. dyor
$PEPE
{spot}(PEPEUSDT)
$FET
{spot}(FETUSDT)
$TAO
{spot}(TAOUSDT)
#ScrollOnBinance #XRPDonationsUSElections #UptoberBTC70K? #BinanceLabsInvestsLombard #Write2Earn!
$RAD
{spot}(RADUSDT)
/USDT Technical Analysis Update
RAD/USDT is displaying strong bullish momentum with a current price of $1.66, reflecting a significant +44.47% increase over the last 24 hours. The market continues to experience heightened activity, and here are three potential targets to watch for:
🎯 Target 1: $1.70
RAD/USDT has already touched $1.69, signaling a possible breakout above $1.70. If the bullish trend continues, this target could be reached in the short term, with strong support levels around $1.60.
🎯 Target 2: $1.85
Breaking past $1.70 could push the price toward the next resistance at $1.85. This level will test the market’s strength and could attract increased buying interest, propelling RAD into the next upward phase.
🎯 Target 3: $2.00
If RAD maintains its upward trajectory, the psychological resistance level of $2.00 will come into play. A breakthrough here could lead to further price discovery, sparking more market excitement.
Keep an eye on key levels, volume spikes, and timeframes to navigate the market effectively. Stay updated for more insights!
$RAD $BTC $APE
Avoiding Common Pitfalls in Crypto Trading 😡😡
To safeguard investments and boost success, beginners must steer clear of prevalent mistakes. Here's how:
Lack of strategy often leads to impulsive buys based on hype. Develop a clear plan, defining goals, entry/exit points, and sticking to it.
Overleveraging amplifies losses. Start trading with your capital, and consider minimal leverage (2-3x) with strict stop-losses.
Unset stop-losses expose you to significant losses. Determine risk tolerance and set stop-losses to manage risk.
Chasing FOMO (Fear of Missing Out) often ends in buying at peaks. Conduct research, avoid bandwagons, and seize opportunities during calm markets.
Undiversified portfolios risk underperformance. Spread investments across large-cap, mid-cap, and high-growth coins.
Ignoring security leaves funds vulnerable. Store majority funds offline in hardware wallets, enable 2FA, and use strong passwords.
Blindly following "experts" without understanding can lead to losses. Conduct your own research, learn fundamentals, and make informed decisions.
Emotional trading (greed/fear) clouds judgment. Stick to strategies, manage risks, and avoid impulsive decisions.
Education, discipline, and risk management are key. Start small, gain experience, and gradually improve skills for success in volatile crypto markets.
#KryptoAlchemy
#MemeCoinTrending #Write2Earn!
#UptoberBTC70K?
#SCRSpotTradingOnBinance
🚀 Bitcoin's Path Ahead: Holding Key Levels Amid Election Uncertainty 🔥
Bitcoin is still clinging to the zero Fibonacci level, offering some crucial support for its price. However, there's a growing concern over the lack of buying momentum, making the situation increasingly uncertain. 🤔
That said, as long as BTC manages to hold the 66.5K level, there's still hope for further growth. Local long positions below this mark are worth considering, but it's critical that BTC doesn’t fully consolidate beneath it. 📉
⚡ With less than two weeks until the U.S. elections, it's unlikely we'll see a new all-time high (ATH) unless confidence in Trump's victory surges and BTC-ETF spot inflows continue to grow. A strong political shift could be the catalyst BTC needs!
📅 The closing range of the October candle is expected to land somewhere between 66K and 70K, marking a crucial moment for Bitcoin's short-term outlook.
Stay alert! Eyes on 66.5K, and don’t miss out on potential long setups. 💼
$BTC
{spot}(BTCUSDT)
#cryptouniverseofficial #APTSurpassesSUI #XRPDonationsUSElections #ScrollOnBinance
⚡️ @Azura announces the closure of its $6.9M seed funding led by @Initialized
Azura, a new platform for decentralized finance, comes out of stealth with $6.9M raised in seed funding. The round was led by Initialized and joined by @VoltCapital, @Winklevosscap, @Alliancedao, and numerous angels, including Solana cofounder @Rajgokal. Azura aims to provide a service that will simplify and enhance the #DeFi user experience by standardizing transactions and allowing buyers and sellers to interact directly.
👉
🚀 Shibarium Comeback Alert! 🚀
Shiba Inu's Layer-2 solution, Shibarium, is back in action! Daily transactions hit 1.8M on Oct 22, a whopping 1,300% surge! 📈 Active accounts also soared to 26K, a one-year high.
🔥 SHIB burn rate exploded by nearly 7,000%, reducing supply and hinting at a price pump. RSI suggests it's nearing oversold levels—potential buying opportunity?
Optimism is in the air! 🌟 Dive into the convo below and share your thoughts on Shibarium's revival! 👇 #ShibaInu #Crypto #DeFi #Layer2
💥💥💥 Solana ($SOL ) Signals Downside Correction: Will Key Support Levels Hold?
Solana (SOL) Faces Resistance at $172, Eyes Retest of $162 Support
- Solana's price is facing resistance at $172 and is pulling back, likely heading toward a test of the $162 support zone.
1. Price action: SOL failed to break the $172 resistance, falling below $168, but remains above $162 and the 100-hour simple moving average.
2. Key levels: Immediate resistance is at $168, with major resistance at $172. A successful close above $172 could push SOL toward $180 and $188.
3. Downside risk: If SOL fails to break $170, it could decline further, with key support levels at $164 and $162. A break below $162 could lead to a drop toward $155 and possibly $150.
Technical Indicators:
- MACD: #BEARISH📉 momentum.
- RSI: Below 50, signaling weakness.
- Support levels: $164, $162.
- Resistance levels: $168, $172.
#CryptoTrends2024 #BinanceSquareTrends #SolanaPricePrediction
🚨 $GNO /USDT: Critical Levels and Trading Strategy Unveiled! 🚨
The GNO/USDT pair is heating up, hovering around $193.8, with the 15-minute chart flashing pivotal signals. After a steady uptrend, it’s now facing stiff resistance at $196.8, marking a crucial barrier for bulls.
Resistance Level: $196.8 USDT
A breakout above this level could see GNO rally toward $200+ USDT, making this an ideal entry point for a long trade.
Support Level: $190.0 USDT
On the downside, strong support lies at $190.0 USDT. If the price dips below this zone, bears could pull the pair down to $185.5 USDT, opening a short opportunity.
🎯 Entry Strategy:
• Long Entry: Enter at a clean break above $196.8 USDT, with a target of $200.0 USDT. Set a stop loss at $192.0 USDT to manage risk.
• Short Entry: If the price breaks below $190.0 USDT, consider shorting with a target of $185.5 USDT, and use a stop loss at $194.0 USDT.
Monitor volume for confirmation of the breakout or breakdown, and be prepared to act swiftly in either direction!
{spot}(GNOUSDT)
#SECApprovesBitcoinETFOptions #CMEBTCFuturesRecordHigh #BinanceLabsInvestsLombard #UptoberBTC70K? #XRPDonationsUSElections
🚨 Why Isn’t Your Favorite Altcoin Pumping? 🧐
Altcoin holders are often left wondering why their coin isn’t following the market trends. Here are some reasons why your altcoin might not be seeing the moon yet! 🚀
1️⃣ Lack of Liquidity:
Low liquidity means large transactions can significantly impact price, making it hard for the coin to gain momentum. 💧
2️⃣ Weak Market Sentiment:
If the overall crypto market is bearish, even the strongest altcoins may struggle to pump. 🐻
3️⃣ Development Delays:
If the project is missing key milestones or has development issues, investors may lose confidence, leading to slower price movement. ⏳
4️⃣ Lack of Hype:
Newer projects with more hype may attract attention, leaving less visibility for established altcoins. 📉
5️⃣ Token Utility:
Without real-world use cases or strong utility within the ecosystem, even solid projects may experience slow growth. 📊
6️⃣ Market Manipulation:
Whales or market manipulators may be suppressing the price intentionally to accumulate more coins before a pump. 🐋
7️⃣ Token Inflation:
High token supply and inflation can dilute the value, making it difficult for price increases. 🪙
So, how can you position yourself? 💡
📈 Stay Informed: Keep an eye on the project’s progress and the broader market conditions.
🤔 Re-Evaluate Fundamentals: Does the altcoin still have strong fundamentals? If so, this might just be a temporary pause.
🚀 Patience is Key: If the fundamentals are strong, your time will come!#BinanceSquareFamily #altsesaon #AltcoinStars #BTCMiningDifficultyRecord #SECApprovesBitcoinETFOptions