I believe In the potential within the only thing we need to do is to continue to work on improving ourselves. Because when we change the environment too changes
Crypto Market Displays Bullish Recovery, Bitcoin$BTC Reclaims $67K, Ethereum$ETH Hits$3.25K! Analyse by Elena R
After recording a strong bearish sentiment on Wednesday, the crypto market has recorded a jump of 3.22% within the past day, from $2.31 Trillion to $2.39 Trillion, a jump of over $60 Billion during this time. Further, the price of BTC has recorded a 24-high of $67,445.57 with a trading volume of $35.337 Billion. Following this, Ethereum price has successfully reclaimed the $3.25K mark with a jump of 2.33% over the past 24 hours and has recorded a 24-hour high/low of $3,259.14 and $3,088.76.
#CryptoDecision Why is the Crypto Market Down Today? Analyse by Elena R
During the early European session, the crypto market cap slipped around 4 percent in the past 24 hours to hover about $2.42 trillion on Thursday. Bitcoin$BTC and Ethereum $ETH prices led the entire altcoin in a correction, which triggered notable liquidation. The latest market data shows that Ethereum’s price slipped around 8 percent to trade at about $3,174. Bitcoin’s price continued with the recent correction to retest the 50-day Moving Average (MA) around $64k.
As a result, nearly $300 million was liquidated from the crypto derivatives market, mostly involving long traders.
2 Top Reasons Crypto Slipped Today:
1.Notable Cash Outflows From Spot Ether US ETFs The US-based spot Ethereum ETFs registered a net cash outflow of about $133 million, led by Grayscale’s ETHE, which has nearly $8 billion more to dump. The poor performance in the first two days of soot Ether ETFs has increased the the crypto market pessimism.
2.Heavy Liquidations in the US Stock Market
The US stock market lost around $1.1 trillion in valuation in the past 24 hours, almost equal to the entire Bitcoin’s market cap. The notable stock market liquidations sent shockwaves to the entire global markets despite the low correlation with the crypto industry.
The upcoming FOMC statement has further presented further market uncertainty in the mid-term.
現在、多くのアルトコインに爆発的な成長が差し迫っているという明確な兆候はありませんが、アナリストは強気相場をリードする準備ができているいくつかのアルトコインに注目しています。しかし、どのアルトコインを避けるべきかを検討したことがありますか? Jason Pizzino氏は最近、RippleのXRPとCardanoのADAのチャートパフォーマンスが低調であると指摘しました。彼は、それらの停滞した道のりをBitcoinの注目すべきパフォーマンスと対比しました。
同氏によると、もう1つの残念な例はADAで、今後のサイクルでいくらか回復する可能性がある。30セントから90セントまで上昇し、投資家を興奮させるかもしれない。一方、ビットコインはすでに3倍になり、2万ドルから6万ドルになっている。 ADA はこのパフォーマンスに匹敵していません。第 5 波で小さな上昇が見られるかもしれませんが、ビットコインの利益には匹敵しません。
$BTC #Bitcoinarena Use the Bull trend on Bitcoin to turn $1,000 into $1 Million Tips Is This the Right Time for Bitcoin? Dixon pointed out the increasing investments from large institutions in Bitcoin ETFs as the start of a broader trend. Sovereign wealth funds and pension plans are leading this charge, conducting thorough due diligence with significant allocations expected by late 2024 or early 2025, potentially driving market momentum.
Examining Bitcoin’s historical cycles, Dixon notes periodic drops of 20% to 30% during bull markets are normal. However, Bitcoin has consistently reached new all-time highs following these corrections, displaying its growth trajectory despite
And this is the time to turn $1,000 into $1 Million With the recent approval of an ETH ETF setting a bullish tone, Dixon sees an opportunity for investors to potentially turn $1,000 into $1 million during this crypto cycle. His strategy involves consistent investments in $BTC to build substantial wealth, emphasizing diligence in savings and investment similar to the benefits of $BTC mining without the technical complexities.
#AirdropGuide Learn what a crypto airdrop is and follow simple tips to start earning. A crypto airdrop is a marketing strategy employed by blockchain-based startups to help bootstrap their cryptocurrency projects. It involves distributing free tokens or coins to the wallets of active members of the blockchain community, often to spread awareness and encourage widespread usage. Types of Airdrops: - *Standard Airdrops: require participants to sign up or perform simple tasks to receive free tokens. An example of a standard airdrop on Binance is the trading competition hosted by the platform, which gives participants the chance to earn airdrops by achieving a given volume of trade or fulfilling other trading conditions. - *Bounty Airdrops:Participants complete more complex tasks, such as social media promotion or bug reporting, in exchange for tokens. An example of a bounty airdrop can be found in the Binance Web3 Airdrop section, where users engage in promotional activities or contribute to the project’s development to earn rewards. By participating in these bounty airdrops, users not only gain tokens but also become part of the project’s community and contribute to its success. - *Holder Airdrops:Tokens are distributed to existing holders of a particular blockchain currency, based on their holdings at a predetermined time. For example, Binance supported the FLR token airdrop to XRP holders, where users received FLR tokens based on the XRP balance in their exchange accounts at the time of the snapshot. Holder airdrops are often used as a way to reward loyal users ,increase engagement with the project. As real life Airdrop example is *Bitcoin Cash:* Distributed to Bitcoin holders at the time of its hard fork. One of the earliest large-scale implementations of an airdrop, setting a precedent for future distributions *Strategies for Participation* - Stay informed by joining cryptocurrency forums and following projects on social media for new opportunities as they arise. - Use services that list upcoming airdrops and bounty programs. - Secure your wallet