Reason For Heavy Crypto Market Plummet: Focus on The Crypto Market ⛓️
The crypto market experienced a decline of 11.4% in its total capitalization.
Despite an encouraging start to the month, the market was faced with massive sell-offs and liquidation events driven by key factors, such as redemption distributions from the Mt. Gox platform planned for July or the transfer of substantial amounts of BTC by governments like Germany and the United States to centralized exchanges, fueling fears of a potential sell-off.
On a positive note, asset managers VanEck and 21Shares have filed the first #Solana ETFs in the US, showing optimism in a challenging market.
Chart: The total monthly capitalization of cryptos fell by 11.4% in June
We are pleased to announce that Circle has been authorized to issue USDC as a regulated e-money token, compliant with MiCA regulations (see Circle announcement here). Therefore, USDC will remain available in most of our product offerings, including: Convert Buying and selling USDC via Convert remains available. Other stablecoins can be converted to USDC.
Earn USDC subscriptions through Simple Earn, Cloud Mining and Web3 Wallet Earn, including all automatic subscription features, remain available.
Ready
USDC loan applications remain available. The use of USDC as collateral for these products remains available.
Buy cryptos with fiat currencies
Purchasing USDC with fiat currencies and credit cards via the “Buy Crypto” page remains available. All ongoing recurring purchase (Auto-Invest) plans currently set from local fiat currencies to unregulated stablecoins will be automatically transferred to USDC.
Please note that Spot trading for all stablecoins remains available after July 1, 2024.
Our management of unregulated stablecoins remains the same as in the previous announcement. There will be no forced conversions.
#BNB SURGE IMMINENT 🔥🔥🔥 Most of the SEC's claims against Binance can move forward, but Judge Amy Berman Jackson dismissed the allegation that #BNB is unlawfully traded on secondary markets, referencing the #XRP (Ripple) case.
For this, BNB could have an even better performance in July. For one, it has managed to win a victory against the SEC in the agency’s lawsuit against Binance. As judge Amy Jackson in the District of Columbia dismissed the SEC’s attempts to label BNB sales as securities transactions, marking the latest in a growing list of losses taken by Gensler and his team.
Over the past two weeks, the number of wallets containing more than 1,000 Bitcoins dropped by nearly 5%, coinciding with a notable increase in the activity of dormant Bitcoins.
Whale Addresses Plummeted
There are signs that large investors, including those holding wallets containing more than 1,000 Bitcoin, are making withdrawals. For example, these wallets are down almost 5% in the past two weeks. At the same time, groups of people holding between 10 and 1,000 Bitcoin coins also decreased by 0.5% during the same time period.
It is likely that many of these investors placed sell orders at a price slightly higher than the previous ATH at $69,000. When the price reaches this level, there will likely be strong selling.
Bitcoin Ownership by Whales and Retail
However, in contrast to that, there are signs that small addresses holding less than 0.1 units of Bitcoin have increased by 0.6% over the past two weeks. This could be a sign of the return of retail investors to the market.
Dormant supply begins to move on the chain Bitcoin dormant supply drops
Supply has begun to move on-chain, with signs that the dumping by large investors may also be related to the previous strong volatility of coins. There are coins that haven’t moved in the last 2-3 years that suddenly started being traded in the last two weeks. Many of these holdings bought Bitcoin during the recent bull cycle. They patiently waited for prices to recover and started distributing when the market increased sharply.
The whales’ Exchange Interactions are not Alarming
Although profit-taking by large investors often causes anxiety in the market, the current situation is not at the level of causing panic. Data from CryptoQuant shows that whales only account for about 36% of all Bitcoin flowing into exchanges, suggesting that they are not a large selling group driving down cryptocurrency prices in mass.
If you found this post helpful, please comment, like and follow my page for more exciting news and communique. #BTC
BOME • Whale BUY Alert • Whale have bought 20,365,808.24 BOME (393,384.33 USD) at $0.01932.
What is Book of Meme (BOME)?
The BOOK OF MEME is an experimental project poised to redefine web3 culture by amalgamating memes, decentralized storage solutions, and degen shitcoin trading and gambling. This experiment endeavors to encapsulate the ever-evolving meme culture within a digital compendium, the BOOK OF MEME, ensuring each piece is immortalized on the blockchain. The $BOME memecoin on Solana, and Arweave, IPFS as the primary storage of Book Of Meme and future expansions to Bitcoin inscriptions as immutable forever storage, this initiative aims to foster a new dimension of decentralized social media, and make memes unstoppable.
How Much Profits I’m Making from BNB & Binance Launchpool
Hello crypto fellas, AEVO farming is still ongoing with 2 days 11 hours remaining. Trust your sickle (#BNB and #FSUD ) no matter how blunt (small) it is and get to the field.
Additionally, the good news is that I bought 6.8 BNB coins at $365.5 per BNB and now the price for 1 BNB is around $531. That means I’m over $1125 in profits aside of all the launchpool tokens I have farmed and sold to earn more funds.
Currently, I have farmed over 15 AEVO tokens and still farming till the next 2 days 11 hrs.
Like, comment on my posts and follow me for more insights on how to maximise your investment profits regardless of how much little your investment capital is. $BNB $FDUSD
$PEPE is doing so well in the cryptocurrency market with its 40% jump recently and it is expedient that we know much about it if it’s worth investing bags 💰 into.
What Is PEPE?
PEPE is a deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s.
The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin, and strives to establish itself as one of the top meme-based cryptocurrencies.
What Makes PEPE Unique?
PEPE presents a unique offering within the meme coin market by building upon the legacy of Pepe the Frog, a character with a longstanding and controversial history. The project's dedication to honoring this character distinguishes it from other cryptocurrencies and strengthens its appeal within the crypto community.
PEPE Statistics
Market Cap $3.72 B Volume 24h $3.12 B Max Supply 420.69 Т РЕРЕ All Time High. <0.01 All Time Low <0.01 Fully Diluted Market Cap $3.72 B Circulating Supply 420.69 Т РЕРЕ Total Supply 420.69 Т РЕРЕ Rank. #37 Market Dominance 0.14%
Hello fam, the PIXEL farming is ongoing and I believe you’re all taking advantage to get some cool bucks. I staked around 7.2 BNB and 3,293 FUSD and my farmers have currently earned me 31 PIXEL and still counting (8 days 15 hours remaining). Don’t worry about how little your stake is, just believe in growing and making lemonades out of lemons. #PIXEL #BNB #FUSD $BNB $FDUSD
Hello fellow Crypto Warriors, the #XAI farming is unfolding and the listing date is 09 January 2024 @ 10:00 UTC. I believe you’ve maintained a positive farming energy without giving up despite the downtrend of the crypto market. We’re gonna see green this week. Keep your head up and stay optimistic. So far, I’ve farmed approximately #58.8XAI tokens. Let’s gear up to win together. Cheers!
NB: Your generous tip would enhance my search to bring you more amazing crypto opportunities.😊
Don’t despise farming tokens on Binance Launchpool. I couldn’t do much, but tried to farm 36.577 Sleepless AI tokens. New launchpool project is #XAI. Gear up and let’s farm, fellas!
Tips on how I make 100 USD daily from Binance spot trading of #BNB, #ETH, #BTC and #Solana.
Earning a consistent daily income from spot trading on Binance or any other cryptocurrency exchange involves significant risks. The cryptocurrency market is highly volatile, and profits are not guaranteed. However, with a devised strategy, you can make daily profits to increase your financial portfolio on Binance. Here are a few general tips. I will be sharing more on the way forward. 1. Only invest what you can afford to lose. Set limit orders to take-profit levels to manage your risks effectively.
2. Instead of focusing solely on one asset, consider diversifying your portfolio across different cryptocurrencies. I focus on #BNB, #ETH, #BTC and other Alt coins with strong fundamentals. This helps me to mitigate risk. Besides, I engage in taking, flexible earning and launch pools to earn extra funds.
3. I keep abreast of developments in the projects I am trading by subscribing to crypto news platform pertaining to my projects of interest because news and events can significantly impact cryptocurrency prices.
4. Trading can be emotionally challenging. Therefore, I’ve developed discipline and control my emotions, especially during periods of market volatility. This have prevented me from both panic sell and panic buy.
NB: A tip from you would help me research and share with you my crypto journey other important information.
The Current Crypto Market Plunge The initial dishwashing is obviously occurring in 2024. Naturally, expect something different after the third halving. It was a special opportunity with the correct timing, location, and individuals involved. Do not rush to purchase at the lowest point, wait until it stabilizes before entering the market gradually, and certainly do not consider buying at the advantageous bottom. A mere one out of every ten million individuals bought more crypto. If you are imitating on the mountainside, then you must remain firm and abstain from causing harm to yourself. The bull market will surely come during the latter half of this year. Remember: as long as you avoid selling, you’re a winner! #BTC #ETH #BNB