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🌈🪔Binance recently highlighted Bitcoin's current challenge at a significant resistance zone, particularly at the $71.5K level, where it's experiencing congestion. 🪔They emphasized the importance of maintaining the $67,000 level to sustain the positive trend. They also noted that optimism, partly fueled by the ADP data suggesting a potential rate cut, is influencing Bitcoin's price. However, they highlighted that the most crucial data is expected on Friday. Additionally, Binance underscored Bitcoin's leadership role and Ethereum's supportive position within the crypto landscape.$BTC #bitcoin

🌈🪔Binance recently highlighted Bitcoin's current challenge at a significant resistance zone, particularly at the $71.5K level, where it's experiencing congestion. 🪔They emphasized the importance of maintaining the $67,000 level to sustain the positive trend. They also noted that optimism, partly fueled by the ADP data suggesting a potential rate cut, is influencing Bitcoin's price. However, they highlighted that the most crucial data is expected on Friday. Additionally, Binance underscored Bitcoin's leadership role and Ethereum's supportive position within the crypto landscape.$BTC

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🔥👍Essential Vocabulary for Beginners in Web3: Understanding the Major Cryptocurrencies: - Bitcoin ($BTC): Leading cryptocurrency, recommended for uncertain investors. - Ethereum ($ETH): Dominant in the cryptocurrency ecosystem, suitable for those grasping the concept of value currency. - Solana ($SOL): A viable alternative for those skeptical of Ethereum's future. - Binance Coin ($BNB): Preeminent in crypto trading platforms, ideal for those unfamiliar with platform coins. 🔥🌪️ Key Concepts: - Blockchain: Decentralized transaction ledger run by individual nodes. - White Paper: Detailed project overview, focusing on background, technical vision, and occasionally team introductions. - Whitelist: Early access to project tokens, divided into free and paid options. Beware of scams.👍⚡ - Mint: Exchange or casting of tokens, commonly used in NFT scenarios. - NFT: Tradable digital assets. - Telegram: Messaging software. - CEX/DEX: Centralized and decentralized exchanges, respectively. - FOMO/FUD: Emotional reactions in the market.👍 - GAS: On-chain transaction fees. - CX: Pyramid schemes. - DYOR: Do your research. - Value Capture: Project's ability to retain token value.⚡ - Gamefi: Integration of tokens and economic systems in gaming. - KYC: Real-name authentication. - Oracle: Bridges traditional Internet data to the blockchain. - MEME: Tokens created spontaneously. - Wallet Types: Cold (offline) and hot (online). - Impermanent Loss: Loss in value when withdrawing from a liquidity pool. - Market Stages: Primary, 1.5-level, and secondary markets. - Liquidity: Ability to trade without affecting market price.💗 - Liquidity Mining: Earning fees by providing liquidity. - DAO: Distributed organization or community. - OTC: Over-the-counter transactions. - OG: Early adopter. - Pixiu: Unsellable coin. - Left/Right Side Trading: Different trading strategies.🔥🌪️ These terms provide a foundational understanding for navigating the Web3 space. $SOL $USDC #bitcoin #StartInvestingInCrypto
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