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Why cryptos market Downturn?

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CoinMarketCap crypto heatmap showing all red indicates that the overall cryptocurrency market is experiencing a bearish trend with short liquidations dominating. Here are the key points:💥🔨 ➡️ A crypto heatmap is a visual tool that provides an at-a-glance view of the relative strengths of different cryptocurrencies across multiple timeframes. ➡️The colors on the heatmap represent the performance of each crypto asset. ➡️Green indicates the asset is above the prior bar's high, showing strength. ➡️ Red indicates the asset is below the prior bar's low, showing weakness. ➡️The darker the red color, the more bearish the price action. If most cryptocurrencies on the heatmap are displayed in dark red, it suggests an overall bearish market trend. ➡️ Short liquidations occur when traders who have bet on the price of an asset going down are forced to close their positions due to the price moving against them. ➡️ When short liquidations dominate across multiple cryptocurrencies, it indicates that the market is experiencing a bearish phase where prices are declining. So in summary, the CoinMarketCap crypto heatmap showing all red tiles suggests that the cryptocurrency market is currently in a bearish state, with short liquidations exceeding long liquidations across most major crypto assets. #crypto #heatmap #heatmapupdate

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The Alleged Modi Team Stock Market huge Scam 🥵🥵 The recent stock market crash in India, which occurred on June 4, 2024, has been attributed to a scam by the Congress party leader Rahul Gandhi. According to Gandhi, the Prime Minister Narendra Modi, Home Minister Amit Shah, and Finance Minister Nirmala Sitharaman were directly involved in the scam, which resulted in a loss of Rs 30 lakh crore (approximately $386 billion) for retail investors. Gandhi alleged that the BJP leaders had information that the exit polls were wrong, yet they gave specific investment advice to the five crore families investing in the stock market. He questioned why they gave advice to buy stocks before June 4, when they knew the exit polls were incorrect. Gandhi also pointed out that the same media house owned by the same business group, which is under SEBI investigation for manipulating stock markets, was used to give these interviews. The chronology of events is as follows: 1. May 13: Amit Shah advised people to buy shares before June 4. 2. May 19: Prime Minister Narendra Modi said that the stock market would break records on June 4. 3. June 1: Exit polls were released, indicating a landslide victory for the BJP. 4. June 3: The stock market reached an all-time high. 5. June 4: The stock market crashed, resulting in a loss of Rs 30 lakh crore for retail investors. Gandhi demanded a Joint Parliamentary Committee (JPC) probe into this matter, claiming that it was the biggest stock market scam in India's history. He also asked why the Prime Minister and Home Minister gave specific investment advice to people, when it was not their job to do so. The stock market crash was attributed to the unexpected outcome of the Lok Sabha elections, where the BJP failed to win a majority of seats. The market had anticipated a landslide victory for the BJP, but the actual results showed a significant shortfall in seats. Modi team's involvement in the stock market scam is alleged to have resulted in a loss of Rs 30 lakh crore for retail investors. #sharemarket #scam #india

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Crypto Chaos: Meme Coins Swing Wildly After Trump Verdict.🪙🔨 ➡️The guilty verdict against Donald Trump in the hush-money trial has led to volatility in some meme coins linked to him and his opponent Joe Biden. MAGA (TRUMP) initially dumped 17% to $11.20 but then pumped 50% to an all-time high of $16.80 before tumbling again, currently hovering around $13.90. Donald Tremp (TREMP) also passed through ups and downs, first dropping 5% and then rallying 18% to $1.38 before settling at around $1.18. Jeo Boden (BODEN), a meme coin tied to Biden, witnessed a 15% daily decline. ➡️Despite the verdict, Trump maintains that he is the right choice for crypto supporters, promising to let Bitcoin and crypto thrive in the US if elected. Recent polls suggest he may have the upper hand, leading in five out of six swing states. ➡️Crypto punters on the Polymarket prediction market believe there is a 17% chance Trump will go to prison before the November election, down from 25% earlier in May. Bettors had put the odds of a guilty verdict at 78%. ➡️Wall Street is bracing for potential volatility, with the political climate expected to become increasingly volatile. However, the stock market has historically shown a tendency to disregard domestic political turmoil. The market reaction is expected to be muted, as expectations for a guilty verdict were somewhat priced in. The bigger impact could be if the verdict begins to turn momentum away from Trump to Biden. ➡️Shares of Trump Media & Technology Group (DJT), the parent company of Truth Social, experienced a modest uptick after the verdict, recovering from an initial 7% premarket decline to trade 5% higher at market open. Despite financial setbacks, the company expressed confidence in its ability to fund operations. #crypto #TrumpCryptoSupport

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Here are 5 key reasons why Shiba Inu (SHIB) could see a major price pump in 2024:✅💥🔨 1. Profitability of SHIB addresses has risen to over 25%, up from 24% previously, indicating growing investor confidence. 2. SHIB has seen a 300% surge in large transactions to reach $178 million over the last 24 hours, suggesting whales are accumulating the dip. 3. The SHIB burn rate remains high, with millions of tokens still being sent to dead wallets daily despite the recent price slump. 4. The Shiba Inu community is rallying behind a new rival meme coin called Shiba Budz (BUDZ), which they believe is poised for a major pump. If BUDZ pumps, it could trigger a ripple effect across the meme coin market, potentially boosting SHIB as well. 5. Shiba Inu's increasing popularity and active buyer base could help its value rise to $0.00001040 in a more bullish market environment, according to InvestingCube.com. While SHIB is currently trading below the $0.000009 support level, these factors suggest the meme coin may be ready for a major rebound in 2024 if the positive momentum continues to build. #Shibainuholder #ShibaInu: #crypto

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