I noticed many influencers telling their community: "Don't sell, it's just a decline. If you sell, you're weak." They are facing significant losses and are using their influence to encourage purchases. They advise buying Bitcoin at $72,000, then $70,000, then $68,000 and now it's down to $58,000. Imagine how many times they did this. I believe they cannot control the market; they are not market makers.

The cryptocurrency market just witnessed a dramatic event, with $110 million liquidated in just the past hour, reminiscent of the FTX collapse. This stark reminder highlights the volatility and risk inherent in cryptocurrency investing. Investors, take note: stay informed, stay vigilant, and navigate these turbulent waters carefully.
#Write2Win #IntroToCopytrading #BinanceTournament #binance #btc $BTC

I see a lot of fear, which is normal. It's not pleasant to see your portfolio balance drop 30% in 3 months (for spot traders) or get liquidated in a few hours (for futures traders). However, when I started investing in cryptocurrency in 2016, I learned some valuable lessons:
1. HOLD: When the market is down, avoid touching your portfolio. Hold on or you will regret it later when the market recovers. Remember, in spot trading, you only realize a loss when you sell at a loss.

Tron ($TRX ) founder Justin Sun gave the German government a blank check for Bitcoin. Justin Sun wants to buy the coins held by the German government to relieve Bitcoin selling pressure.
Germany has seized tens of thousands of Bitcoins on illegal platforms due to operations carried out in recent months. German authorities have sent tens of millions of dollars worth of Bitcoin to cryptocurrency exchanges throughout this week, including today.

They noted that the economy is growing well and inflation is improving slightly. They will make future decisions based on upcoming economic data.
Key points in the FOMC report:
Some officials said the labor market's continued cooling could mean more layoffs. The labor market may need to continue to decelerate to achieve the target.

Today I read a lot of articles about the “collapse” of Bitcoin. Maybe I missed something but my Bitcoin chart looks fine. And most altcoins are only down 2%-4%.
As discussed in many of my recent live sessions, Bitcoin is moving sideways in a corridor between ~60k and ~62k.
Of course, there is some fluctuation. Furthermore, the bulls and bears continuously test the boundaries of the channel. However, as long as we do not have the daily candles close significantly outside of this range then we are simply in a sideways market.

Binance has announced that it will stop trading on certain spot trading pairs. These changes are expected to take effect at 03:00 UTC on July 5, 2024. The trading pairs that will be removed are:
$AI /TUSD, $BTC /AEUR, CHR/BNB, ETH/AEUR, GAS/FDUSD and $LQTY /FDUSD
Users currently trading or holding these pairs should take note of this update and plan their trading strategies accordingly. You should manage your investments in these pairs before the removal date to avoid any possible disruption.

Meet Jimmy Zhong, a programming prodigy who stumbled upon his fortune through Bitcoin. In 2012, he exploited a vulnerability in Silk Road's code, netting him a whopping 51,680 BTC, worth $3.4 billion today. However, his lavish lifestyle and mistakes eventually led to his downfall.
Jimmy's journey started in 2009, when he started mining BTC on his laptop. He lost interest and forgot about his coins until 2011, when their value increased to 30 USD per BTC. Unfortunately, he lost his wallet. Undeterred, Jimmy rejoined the Bitcoin community, got most of his money back, and even created a gambling website.

Investing in meme coins can be highly speculative and risky. These coins often become popular due to viral internet trends rather than intrinsic value or utility. However, if you're interested in meme coins, here are 10 that have garnered significant attention, along with the reasons for their popularity:
1️⃣ Dogecoin (DOGE)
Reason: Initial meme coin, backed by famous endorsements (like Elon Musk), strong community support, and widespread recognition.

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their fourth consecutive day of net inflows, with a significant $73.05 million added on Friday. Data from sosovalue.xyz highlights Blackrock's IBIT as the leader in this impressive series.
📈 Spot Bitcoin ETFs enjoy a four-day inflow streak
Friday was a notable day for 11 spot Bitcoin ETFs, seeing the best performance in a four-day winning streak. Blackrock's IBIT led the way, attracting inflows of $82 million, bringing their BTC reserves to a significant 305,612.32 BTC. Ark Invest and 21shares' fund, ARKB, followed with a $43 million investment, currently holding 45,316 BTC.

VanEck's Head of Digital Assets Research, Matthew Sigel, confirmed speculation that the firm's Solana spot ETF proposal bets on Donald Trump winning the US presidency.
VanEck's filing deadline is set for March 2025, which would be well past the US Presidential election in November.
Sigel simply replied:
💬 “Can confirm.”

Recently, P2P chargeback scams have occurred in Africa, especially in Kenya. Scammers buy cryptocurrency through P2P and then have an unrelated third party transfer the money through the bank (he may be unknown or an accomplice). Once the seller receives the bank transfer information, he releases the cryptocurrency without confirming whether the name of the P2P buyer is the same as the name of the payee on the bank side. The third party then initiates a chargeback, resulting in a chargeback of the seller's funds and a loss.

Panic selling alert!
Many small traders who profited from holding PEPE are now panicking and selling in large numbers due to the current correction. 📉
Be careful with whale traps!🐳
This mass sale could be a trap set by a big whale, so be cautious! 🚨
Price reduction outlook📉
I also have a bearish view on PEPE, so be careful and keep a close eye on the market. 💡

Decentralized prediction platform Polymarket hit $100 million in monthly trading volume in June as bettors increased their bets on how they think the US presidential election will play out.
At the time of writing, there is $203.3 million worth of bets on “Winner of the 2024 Presidential Election” – including individual “Yes” or “No” bets on 17 markets prediction field.

Binance has placed 11 cryptocurrencies on the “Watch List,” which is considered a process of delisting the exchange. 2 cryptocurrencies have been removed from the list.
According to the statement, the tokens included in the watchlist are as follows:
'Balancer (BAL), Cortex (CTXC), PowerPool (CVP), Convex Finance (CVX), Dock (DOCK), Kava Lend (HARD), IRISnet (IRIS), MovieBloc (MBL), Polkastarter (POLS), Status (SNT), Sun (Sun)'
Binance also announced that cryptocurrencies named Enzyme (MLN) and Horizon (ZEN) have also been removed from the watchlist.

Apparently, some users created multiple accounts to take advantage of promotions available to regular traders and investors. They thought they could escape this problem by merging their tokens into one account, but Binance was one step ahead!
The exchange is now implementing stricter measures to prevent this type of manipulation, including:

1. General loss: In the first half of this year, the vast majority of people suffered losses and only a few people were able to make a profit. In particular, some old garlic plants that have been involved for a long time will not be able to survive the cuts even though they have abundant resources and capital.
2. Collective panic: Previously, it was commonly believed that Bitcoin would usher in a bull market before and after the halving. However, Bitcoin's bull run last year is almost complete. A similar situation occurs with altcoins. When everyone expected the market to come, the market actually entered the adjustment phase. After missing out on Bitcoin, everyone chased altcoins together, but as a result there was no gain after buying.

Achieving daily profits on the Binance platform can be possible with the right approach. Here is a clear strategy to help you potentially earn $50 per day:
Day trading
Day trading requires you to actively monitor the market and make buys and sells on the same day. To execute this strategy effectively, start with thorough research and analysis. Use both technical and fundamental analysis to understand market trends. Choose trading pairs with high liquidity and significant daily price fluctuations, such as BTC/USDT or ETH/USDT. Determine your entry and exit points using indicators such as Relative Strength Index (RSI) and MACD.