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O movimento do BTC está muito saudável neste momento
O resfriamento de financiamento está tudo pronto 👀
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Today’s sharp decline in Wrapped Bitcoin (WBTC) value appears to stem from a combination of market and exchange-related concerns, intensifying fears about its utility and security: 1. Exchange Issues: • Liquidity Problems on Major Platforms: Some exchanges, including Coinbase, have decided to delist WBTC (effective December 19, 2024), citing compliance issues and a review of their asset listing standards. This has shaken investor confidence . • Market Access Reduction: With platforms removing or reducing WBTC support, traders are offloading their positions, leading to increased sell pressure. 2. Governance Concerns: • Custodian Changes: The primary custodian of WBTC, BitGo, entered a partnership with BitGlobal, an entity linked to Justin Sun. This has raised significant trust issues, as concerns about centralized control and transparency in the partnership have led major DeFi protocols like MakerDAO (Sky) to remove WBTC as collateral . • Phased Offloading: Sky is offloading WBTC from its platform gradually until the end of November 2024. This has added further pressure on its value . 3. Decline in Demand: • Switch to Alternatives: As exchanges and platforms pivot to alternatives like Coinbase’s cbBTC and Threshold’s tBTC, demand for WBTC has declined. This shift has further destabilized its price . • Reduced Usage in DeFi: The governance issues have led to a significant reduction in WBTC’s use as collateral across DeFi platforms, reducing its utility. Combined Impact: These factors are creating a cascading effect, where reduced trust, declining liquidity, and shrinking use cases have caused panic among investors, leading to a rapid sell-off and subsequent price dump.
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CRYPTO turned RED.
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After the news that Gary Gensler, main opposer of crypto and of #XRP in particular, is going to retire, the asset has flown into the sky 🚀 We believed in Ripple — and here is the consequent result of hope 😊 The future stands behind crypto 😎
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Realistic targets May 2025: $BTC $200,000 $ETH $10,000 $SOL $2000 $XRP $100 $RENDER $100 $ROSE $1,5 $TAO $3,000 $FET $2 $INJ $130 $DOGE $5 $NOT $1 $TURBO $1 $MEW $1 $MANEKI $1 $GROK $1 $BARSIK $1 $DUKO$1 What am i missing?
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It’s a green weekend so far! Are you guys looking to go long or short?
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