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Here are some reasons why Bitcoin (BTC) is down today - Macroeconomics: Despite a cooling US CPI and PPI inflation data, the Fed officials adhere to the FOMC’s decision of a single rate cut this year. - Miner capitulation: The Bank of Japan’s Governor, Kazuo Ueda, is hawkish on raising interest rates again at the July meeting. - Bitcoin ETF outflows: The net outflow from the spot Bitcoin ETF was $146 million on Monday. - Lack of new stablecoin issuance: The market is down due to a general lack of new stablecoin issuance. - Dumping: Mt. Gox’s $9 billion bitcoin transfers to an unknown address, likely through thirteen transactions, raising dump fear in the market.#CPIAlert #BTC #BinanceTournament #AirdropGuide #BTCFOMCWatch $BTC $PAXG
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Here are some news related to Australia's Bitcoin ETF #BinanceTournament #BTC #altcoins #bitcoin #ETHETFsApproved $BTC $ETH $BTC - Australian Securities Exchange (ASX) has approved VanEck's spot Bitcoin ETF, the first Bitcoin ETF to be offered on the exchange - The approval comes after the success of similar ETFs in the US and Hong Kong - Other asset managers, such as BetaShares Holdings and DigitalX, are also seeking to list their own Bitcoin ETFs on the ASX - The move is seen as a significant development in the country's cryptocurrency market, indicating growing interest and acceptance of Bitcoin and other cryptocurrencies in Australia - The ETF provides an opportunity for investors to gain exposure to Bitcoin without directly owning or managing the digital asset
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That's correct! Saudi Arabia has indeed ended its long-standing petrodollar agreement with the US, which allowed them to diversify their oil trade currencies beyond the US dollar. While they haven't officially announced plans to accept Bitcoin or other cryptocurrencies for oil sales, there have been discussions and explorations into the potential use of digital currencies for transactions. This move could potentially impact the global economy, trade, and the future of currency markets.#BTC #bitcoin #altcoins $BNB $ETH $BTC KSA maybe consider BTC for Oil 🛢️ trade BTC will be 🚀🚀🚀🚀🚀🚀🚀 soon
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PAX Gold (PAXG) is a gold-backed cryptocurrency that combines the benefits of physical gold ownership with the convenience and flexibility of a digital asset. Each PAXG token represents one fine troy ounce of gold stored in secure vaults. Here are some key features of PAX Gold: - Gold-backed: Each token is backed by physical gold reserves. - Stable value: The value of PAXG is pegged to the price of gold. - Digital ownership: Allows for easy transfer and storage. - Low fees: Lower fees compared to traditional gold investment methods. - Transparent: Audited regularly to ensure the gold reserves match the number of tokens in circulation. PAX Gold offers a unique way to invest in gold, making it more accessible and convenient for investors. #AirdropGuide #BTCFOMCWatch #CPIAlert #BTC #PAXGold $PAXG $BTC $ETH
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My trade on Fil coin 🪙👌📈💸💰💲💵#TrendingTopic #Write2Earn $FIL
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