💥Today's Breaking News / Market Is Set To Continue It's Drop💥
Guys I'll just give you the breaking news and the surprises we had for today. As you all know that Geopolitical Factors usually play a big role in $BTC price which will affect the crypto market in general and unfortunately it is not looking good as #BTC and the whole crypto market is dropping significantly. Here is the news and my main concerns...
🚨 Important Note 🚨
I don't recommend futures trading for today and if you have ongoing trades, suggest you to have a stop loss ready Incase we had a big crash.
✨The Top News is As Follows:
🔥 In the past 24 hours, 103,711 traders were liquidated, bringing the total liquidation to $316.17 million
🔥The largest single liquidation order occurred on the OKX platform on the ETH-USD SWAP pair, with a value of $4.00 million.
🔥Microstrategy is filing paperwork to issue new shares to raise up to $2 billion to purchase more Bitcoins 💰
🔥 Investors' expectations for the Fed's interest rate cut by 50 basis points at the September meeting rise to 90% after the July jobs report showed unemployment rising to the highest level since October 2021.
⚡️ For the first time since 2020, most parts of this market are indicating that interest rate cuts are on the way. The recession will likely lead to additional interest rate cuts through 2025.
🔥2024 is the year of fear more than performance:
- US government sold BTC.
- German government sold BTC.
- MTgox sold BTC.
- Now we have something new. Genesis, which went bankrupt, transferred $1.5 billion in Bitcoin + Ethereum to pay creditors.
🔥 An “unprecedented” escalation between Iran and Israel is brewing, according to Iranian media reports.
🔥 Channel 3 in Tehran said that in the next few hours the world will witness “exceptional” scenes and developments that it described as important.
🔥 Advisor to the Iranian Foreign Minister, shared a picture of “missiles” and commented: “Leave... they are coming”.
