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Take profits doesen't mean that you sell everything at ATH and buy all-in at rock bottom. You DCA both up and down. This way you have a large number of trades to take profit from
You said take profits.....
The thing is ,many alts were not even ripe enough to pluck. Many still way below 50% of ATH ,and some still at bear market prices.
If you were lucky,you had access to early allocations for new projects ,and airdrops.
Bitcoin Dominance too strong.
The thing is ,many alts were not even ripe enough to pluck. Many still way below 50% of ATH ,and some still at bear market prices.
If you were lucky,you had access to early allocations for new projects ,and airdrops.
Bitcoin Dominance too strong.
It crashed from 108 to 92, even fits the numbers
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Crypto De Nostradame
--
Рост
CZ's tweet from 2020 became a trending topic:
"Waiting for the headlines: Bitcoin fell from $101,000 to $85,000. Save my tweet."
"Waiting for the headlines: Bitcoin fell from $101,000 to $85,000. Save my tweet."
What he said was, that with current regulation, the FED are not allowed to HODL BTC. He didn't say anything about not buying them or the goverment can't HODL... fix your post
One Line has just Changed the Whole Scene
“We’re not allowed to own Bitcoin”
From 107k to 92k !
Anyway ! This is crypto , You can Expect such Things
But No doubt , that was Very harsh !
Don’t Lose Hope !
“with difficulty is surely ease”
Everything will be okey !
Stay Strong Bois ❤️
“We’re not allowed to own Bitcoin”
From 107k to 92k !
Anyway ! This is crypto , You can Expect such Things
But No doubt , that was Very harsh !
Don’t Lose Hope !
“with difficulty is surely ease”
Everything will be okey !
Stay Strong Bois ❤️
Nothing... It's about if they should stop working at 10am on Christmas or not, it has nothing to do with the crypto market
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Binance News
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Trump Comments on Potential U.S. Government Shutdown
According to Odaily, U.S. President-elect Donald Trump has stated that if the U.S. government is going to shut down, it should begin now. This comment comes amid ongoing discussions and concerns about a potential government shutdown.
This one for starters
Bu düşüşe nasıl bir haber servis edilecek merak ediyorum.
Normal şartlarda 10 kere tepki alması gereken bölgeleri çatır çatır kırdı geçiyor.
Arkasında büyük pis bir haber var.
Sabahtan beri araştırıyorum dişe geçer bir şey bulamadım.
#Btc
Normal şartlarda 10 kere tepki alması gereken bölgeleri çatır çatır kırdı geçiyor.
Arkasında büyük pis bir haber var.
Sabahtan beri araştırıyorum dişe geçer bir şey bulamadım.
#Btc
Oh, no... This is killing me 🤭🤡
This is the movement of the market for those of us losing don’t worry yourself you will smile 😊 soon
Köszi a figyelmeztetést!
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MihaiDaniel
--
Bitcoin bear flag on the h time frame chart , target 92.270$ , that could be the local bottom for this week
You don't need questions with BNB, just buy and HODL in locked staking for the airdrops.
🚨💸 WARNING FOR TRADERS: AVOID THESE 5 COINS IF YOU WANT TO BECOME A BILLIONAIRE BY 2025 🚫
The cryptocurrency market is a rollercoaster ride, filled with jaw-dropping gains and gut-wrenching crashes. If you want to make it big and become a billionaire by 2025, staying ahead of the curve is essential. While some coins offer massive opportunities, others are more like landmines waiting to explode. So, if you're serious about wealth-building, here's a crucial warning: Steer clear of these 5 coins that could wreck your portfolio in the near future.
Before diving into the details, remember: The crypto world is volatile and fast-moving. What’s true today might not hold tomorrow. Always do your own research (DYOR) and make informed decisions! Now, let’s explore the five coins that could spell trouble in your pursuit of success.
---
1️⃣ Shiba Inu (SHIB) 🐕: The Overhyped Meme Coin
What’s the Issue?
Shiba Inu (SHIB) might have captured hearts with its meme appeal and massive community, but is it really a long-term winner? Despite its popularity, SHIB still lacks substantial real-world use cases or any foundational utility. While it’s fun to ride the wave of community-driven hype, the reality is that these types of coins often lack sustainability.
Prediction:
As we approach 2025, market saturation could stunt SHIB’s growth. The hype may fade, leading to price stagnation or, in the worst case, a sharp decline. If you’re aiming for billionaire status, relying on a coin with limited practical value could leave you stuck in the past.
> Pro Tip: Focus on coins that have strong use cases and real-world utility, not just meme appeal.
---
2️⃣ SafeMoon (SAFEMOON) 🌕: The Red Flags of Risk
What’s the Issue?
SafeMoon (SAFEMOON) made a splash with its unique tokenomics and promises of long-term growth, but the project has been riddled with questions about its transparency and suspicions of price manipulation. The entire project feels like a house of cards waiting to fall, with questionable marketing tactics raising more red flags than confidence.
Prediction:
Expect high volatility to continue, but don’t be surprised if this coin ends up crashing hard in the future. As the market matures, projects like SafeMoon that rely on speculative momentum rather than real value may get left behind. This coin could experience wild swings that ultimately deter serious investors.
> Pro Tip: When evaluating coins, check for strong tokenomics and solid transparency to ensure your investment isn’t a gamble.
---
3️⃣ Hoge Finance (HOGE) 🚀: Riding the Hype Train to Nowhere
What’s the Issue?
Hoge Finance (HOGE) built its early popularity purely on community-driven hype rather than actual product development or real-world utility. The token has managed to attract attention, but without a solid use case or innovative technology behind it, it risks becoming another empty vessel in the crypto sea.
Prediction:
HOGE’s price momentum could fizzle out as people begin to realize that it’s built on nothing more than speculation and hype. As other coins with real-world value gain more traction, HOGE could fade into obscurity. Investors should avoid coins that lack tangible growth potential and business application.
> Pro Tip: Don’t follow the crowd; instead, look for coins with genuine innovation and market adoption.
---
4️⃣ EverGrow Coin (EGC) 🌱: The Promise of Growth, But Little to Show
What’s the Issue?
EverGrow Coin (EGC) aims to create a “revolutionary” platform with a focus on decentralized finance (DeFi) but suffers from a lack of clear tokenomics and transparency issues. It promises high rewards but doesn’t always deliver on its claims. Investors have already seen sudden price spikes followed by equally dramatic crashes, making it feel like a high-risk, high-reward gamble.
Prediction:
With no tangible use cases and unclear direction, EverGrow could see continued high volatility and unpredictable price movements. This could lead to massive losses for investors who hold onto the coin in hopes of a miracle comeback.
> Pro Tip: Always be cautious of coins that have poorly defined roadmaps or inconsistent performance metrics.
---
5️⃣ BitTorrent (BTT) 📊: Saturated and Struggling for Attention
What’s the Issue?
BitTorrent (BTT) was once a revolutionary tool for peer-to-peer (P2P) file sharing, but the decentralized data-sharing space has become saturated with alternatives. BitTorrent's lack of standout use cases in today’s competitive landscape makes it vulnerable to losing market share. Additionally, the coin's association with the BitTorrent name doesn’t necessarily translate to future success.
Prediction:
BTT could see slow or negative growth as more projects enter the decentralized file-sharing market. It’s a coin that’s struggling to differentiate itself, and in the competitive crypto world, this often leads to stagnation or declines in price.
> Pro Tip: Be wary of coins that don’t offer something unique. If a coin isn’t solving a pressing problem or addressing a gap in the market, it may be a bad investment.
🔮 The Outlook: What’s the Fate of These Coins?
As we head into 2025, the outlook for these 5 coins isn’t particularly promising. They each face fundamental challenges that could either stagnate their growth or lead to significant losses. Shiba Inu might struggle with overhype, SafeMoon risks falling apart under scrutiny, and coins like Hoge, EverGrow, and BitTorrent could face the consequences of limited utility, lack of adoption, and intense competition.
---
🚨 Risk Reminder for All Traders
1. Crypto is Volatile
Even the most promising projects can experience massive price swings. That’s why risk management is essential to avoid being caught off guard.
2. Do Your Research (DYOR)
Don’t rely solely on social media hype or FOMO. Always dive deep into a coin’s fundamentals, team, roadmap, and market potential before making any investment decisions.
3. Diversify
The last thing you want is to put all your eggs in one basket. Diversification is key to reducing risk and increasing your chances of long-term success.
---
📊 Stay Ahead of the Market: Adapt Your Strategy
In the fast-paced world of crypto, things change quickly. To thrive, stay informed with credible sources, monitor the market regularly, and adapt your strategies accordingly. The coins mentioned here may be tempting in the short term, but it’s important to take a step back and assess whether they align with your long-term goals.
What’s your take on these coins? Are they a ticking time bomb waiting to explode, or do you think they still have potential? Let us know in the comments below!
Disclaimer: The information in this article is for educational purposes only and does not constitute financial advice. Always do your own research and consult a financial advisor before making investment decisions.
#BinanceAlphaTop5 #MarketPullback #Fed25bpRateCut #BTCNewATH #Write2Earn!
Before diving into the details, remember: The crypto world is volatile and fast-moving. What’s true today might not hold tomorrow. Always do your own research (DYOR) and make informed decisions! Now, let’s explore the five coins that could spell trouble in your pursuit of success.
---
1️⃣ Shiba Inu (SHIB) 🐕: The Overhyped Meme Coin
What’s the Issue?
Shiba Inu (SHIB) might have captured hearts with its meme appeal and massive community, but is it really a long-term winner? Despite its popularity, SHIB still lacks substantial real-world use cases or any foundational utility. While it’s fun to ride the wave of community-driven hype, the reality is that these types of coins often lack sustainability.
Prediction:
As we approach 2025, market saturation could stunt SHIB’s growth. The hype may fade, leading to price stagnation or, in the worst case, a sharp decline. If you’re aiming for billionaire status, relying on a coin with limited practical value could leave you stuck in the past.
> Pro Tip: Focus on coins that have strong use cases and real-world utility, not just meme appeal.
---
2️⃣ SafeMoon (SAFEMOON) 🌕: The Red Flags of Risk
What’s the Issue?
SafeMoon (SAFEMOON) made a splash with its unique tokenomics and promises of long-term growth, but the project has been riddled with questions about its transparency and suspicions of price manipulation. The entire project feels like a house of cards waiting to fall, with questionable marketing tactics raising more red flags than confidence.
Prediction:
Expect high volatility to continue, but don’t be surprised if this coin ends up crashing hard in the future. As the market matures, projects like SafeMoon that rely on speculative momentum rather than real value may get left behind. This coin could experience wild swings that ultimately deter serious investors.
> Pro Tip: When evaluating coins, check for strong tokenomics and solid transparency to ensure your investment isn’t a gamble.
---
3️⃣ Hoge Finance (HOGE) 🚀: Riding the Hype Train to Nowhere
What’s the Issue?
Hoge Finance (HOGE) built its early popularity purely on community-driven hype rather than actual product development or real-world utility. The token has managed to attract attention, but without a solid use case or innovative technology behind it, it risks becoming another empty vessel in the crypto sea.
Prediction:
HOGE’s price momentum could fizzle out as people begin to realize that it’s built on nothing more than speculation and hype. As other coins with real-world value gain more traction, HOGE could fade into obscurity. Investors should avoid coins that lack tangible growth potential and business application.
> Pro Tip: Don’t follow the crowd; instead, look for coins with genuine innovation and market adoption.
---
4️⃣ EverGrow Coin (EGC) 🌱: The Promise of Growth, But Little to Show
What’s the Issue?
EverGrow Coin (EGC) aims to create a “revolutionary” platform with a focus on decentralized finance (DeFi) but suffers from a lack of clear tokenomics and transparency issues. It promises high rewards but doesn’t always deliver on its claims. Investors have already seen sudden price spikes followed by equally dramatic crashes, making it feel like a high-risk, high-reward gamble.
Prediction:
With no tangible use cases and unclear direction, EverGrow could see continued high volatility and unpredictable price movements. This could lead to massive losses for investors who hold onto the coin in hopes of a miracle comeback.
> Pro Tip: Always be cautious of coins that have poorly defined roadmaps or inconsistent performance metrics.
---
5️⃣ BitTorrent (BTT) 📊: Saturated and Struggling for Attention
What’s the Issue?
BitTorrent (BTT) was once a revolutionary tool for peer-to-peer (P2P) file sharing, but the decentralized data-sharing space has become saturated with alternatives. BitTorrent's lack of standout use cases in today’s competitive landscape makes it vulnerable to losing market share. Additionally, the coin's association with the BitTorrent name doesn’t necessarily translate to future success.
Prediction:
BTT could see slow or negative growth as more projects enter the decentralized file-sharing market. It’s a coin that’s struggling to differentiate itself, and in the competitive crypto world, this often leads to stagnation or declines in price.
> Pro Tip: Be wary of coins that don’t offer something unique. If a coin isn’t solving a pressing problem or addressing a gap in the market, it may be a bad investment.
🔮 The Outlook: What’s the Fate of These Coins?
As we head into 2025, the outlook for these 5 coins isn’t particularly promising. They each face fundamental challenges that could either stagnate their growth or lead to significant losses. Shiba Inu might struggle with overhype, SafeMoon risks falling apart under scrutiny, and coins like Hoge, EverGrow, and BitTorrent could face the consequences of limited utility, lack of adoption, and intense competition.
---
🚨 Risk Reminder for All Traders
1. Crypto is Volatile
Even the most promising projects can experience massive price swings. That’s why risk management is essential to avoid being caught off guard.
2. Do Your Research (DYOR)
Don’t rely solely on social media hype or FOMO. Always dive deep into a coin’s fundamentals, team, roadmap, and market potential before making any investment decisions.
3. Diversify
The last thing you want is to put all your eggs in one basket. Diversification is key to reducing risk and increasing your chances of long-term success.
---
📊 Stay Ahead of the Market: Adapt Your Strategy
In the fast-paced world of crypto, things change quickly. To thrive, stay informed with credible sources, monitor the market regularly, and adapt your strategies accordingly. The coins mentioned here may be tempting in the short term, but it’s important to take a step back and assess whether they align with your long-term goals.
What’s your take on these coins? Are they a ticking time bomb waiting to explode, or do you think they still have potential? Let us know in the comments below!
Disclaimer: The information in this article is for educational purposes only and does not constitute financial advice. Always do your own research and consult a financial advisor before making investment decisions.
#BinanceAlphaTop5 #MarketPullback #Fed25bpRateCut #BTCNewATH #Write2Earn!
After the big drop to 49.000 I have found a mentor, who totally reformed my trading mentality and gave me a calm head.
for the firt time earning 5$ for 3 years watching and doing the risky move and lost 100$ in a span of that years. at last I earned 5$ lol. trying to invest 5$ only to inflate my greed not to invest bigger amount that will probably lost higher amount. better to start small.
#BTCNextMove
Everyone wonder what could happen next.
Well, there are a lot of scenarios that could play out.
The best for altcoins would be that if BTC does a side move during Christmas and New Year. In what price position, it will depend from how the market closes today.
For further notice:
If BTC manages to close hold a 4h candle above 100.000, it is a sign that hope is not lost.
If BTC manages to close a 4h candle between 101.900 and 102.300, it's a sign for possible further upside movement
If BTC manages to close a 4h candle above 105.000, it's a sign that the market will see an explosive movement upwards, probably hitting a new high on 111.000-113.000
If BTC price holds in this range all day long, it means that the market is gathering funds for further upside continuation BUT it also means that the price could retest 95.500 again any time and if it doesen't manage to hold, then comes 93.000 and a possible further decline towards the bottom of 90.000 maybe even 88.000.
Take another note here, that the short term holder price is close to 85.000, so we will see people start panic selling around that area if the decline arrives at that point.
Take care everyone!
Everyone wonder what could happen next.
Well, there are a lot of scenarios that could play out.
The best for altcoins would be that if BTC does a side move during Christmas and New Year. In what price position, it will depend from how the market closes today.
For further notice:
If BTC manages to close hold a 4h candle above 100.000, it is a sign that hope is not lost.
If BTC manages to close a 4h candle between 101.900 and 102.300, it's a sign for possible further upside movement
If BTC manages to close a 4h candle above 105.000, it's a sign that the market will see an explosive movement upwards, probably hitting a new high on 111.000-113.000
If BTC price holds in this range all day long, it means that the market is gathering funds for further upside continuation BUT it also means that the price could retest 95.500 again any time and if it doesen't manage to hold, then comes 93.000 and a possible further decline towards the bottom of 90.000 maybe even 88.000.
Take another note here, that the short term holder price is close to 85.000, so we will see people start panic selling around that area if the decline arrives at that point.
Take care everyone!
The same happens when water drops get the screen of your phone. It suddenly unlocks it, posts on Square that you are gay and even sends your crypto to your exe's wallet...
I was on the charts watching my assets devalue, but as if that wasn't enough. I bumped or bumped into some part of the computer. I opened a purchase order today in the middle of that bitcoin thread. In a matter of seconds, I suffered a huge loss 🤣🤣🤣 it was unfortunate. Good thing I saw it quickly and closed it. Imagine if I don't notice and end up long in the middle of the fall. Once upon a time there was a trader
What did you do to poor Gensler? 🤫
This is a US Congresswoman. What do you notice?
$BTC
$BTC
This means that before my kid is born, I'm not allowed to make another one.
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Binance Announcement
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Binance Futures Will List USDⓈ-M & COIN-M Quarterly 0627 Delivery Contracts
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Futures will list the following USDⓈ-M and COIN-M Quarterly 0627 Delivery Contracts within a few hours after USDⓈ-M and COIN-M Quarterly 1227 Delivery Contracts expire and settle at 2024-12-27 08:00 (UTC).
USDⓈ-M BTC and ETH Quarterly 0627 Delivery Contracts
USDⓈ-M Delivery ContractsBTCUSDT Quarterly 0627ETHUSDT Quarterly 0627Launch TimeAfter 2024-12-27 08:00 (UTC)Underlying AssetBTCETHSettlement AssetUSDTUSDTTick Size0.10.01Max Leverage50xTrading Hours24/7
COIN-M BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT, LTC, and SOL Quarterly 0627 Delivery Contracts
COIN-M Delivery ContractsBTCUSD CM Quarterly 0627ETHUSD CM Quarterly 0627BNBUSD CM Quarterly 0627ADAUSD CM Quarterly 0627LINKUSD CM Quarterly 0627BCHUSD CM Quarterly 0627XRPUSD CM Quarterly 0627DOTUSD CM Quarterly 0627LTCUSD CM Quarterly 0627SOLUSD CM Quarterly 0627Launch TimeAfter 2024-12-27 08:00 (UTC)Underlying AssetBTCETHBNBADALINKBCHXRPDOTLTCSOLSettlement AssetBTCETHBNBADALINKBCHXRPDOTLTCSOLTick Size0.10.010.010.00010.0010.010.00010.0010.010.01Max Leverage50x20xTrading Hours24/7
Notes:
Users are only allowed to close their positions or place Reduce Only orders and are not allowed to open any new positions ten minutes prior to delivery. For further information, please refer to Delivery and Settlement of Quarterly Futures. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-12-20
Fellow Binancians,
Binance Futures will list the following USDⓈ-M and COIN-M Quarterly 0627 Delivery Contracts within a few hours after USDⓈ-M and COIN-M Quarterly 1227 Delivery Contracts expire and settle at 2024-12-27 08:00 (UTC).
USDⓈ-M BTC and ETH Quarterly 0627 Delivery Contracts
USDⓈ-M Delivery ContractsBTCUSDT Quarterly 0627ETHUSDT Quarterly 0627Launch TimeAfter 2024-12-27 08:00 (UTC)Underlying AssetBTCETHSettlement AssetUSDTUSDTTick Size0.10.01Max Leverage50xTrading Hours24/7
COIN-M BTC, ETH, BNB, ADA, LINK, BCH, XRP, DOT, LTC, and SOL Quarterly 0627 Delivery Contracts
COIN-M Delivery ContractsBTCUSD CM Quarterly 0627ETHUSD CM Quarterly 0627BNBUSD CM Quarterly 0627ADAUSD CM Quarterly 0627LINKUSD CM Quarterly 0627BCHUSD CM Quarterly 0627XRPUSD CM Quarterly 0627DOTUSD CM Quarterly 0627LTCUSD CM Quarterly 0627SOLUSD CM Quarterly 0627Launch TimeAfter 2024-12-27 08:00 (UTC)Underlying AssetBTCETHBNBADALINKBCHXRPDOTLTCSOLSettlement AssetBTCETHBNBADALINKBCHXRPDOTLTCSOLTick Size0.10.010.010.00010.0010.010.00010.0010.010.01Max Leverage50x20xTrading Hours24/7
Notes:
Users are only allowed to close their positions or place Reduce Only orders and are not allowed to open any new positions ten minutes prior to delivery. For further information, please refer to Delivery and Settlement of Quarterly Futures. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-12-20
You could have hedged your position
🚨 Lessons from Losing $6.5k in Futures Trading 🥲💪
Today, I lost around $6,500 USD from my futures wallet.
It’s definitely painful, but instead of dwelling on the loss, I’m reflecting on what I can learn from it. Losing this amount is like paying for an expensive course—except this time, the lesson came through experience.
Here are my key takeaways:
1. Never Be Too Greedy.
It sounds obvious, right? I thought I understood it before, but now I feel it. Greed blinds rational thinking and often leads to bad decisions.
2. Money Is Not Everything.
We all know this in theory, but experiencing a significant financial loss puts things into perspective. Money can be earned back, but time, health, and relationships are far more valuable.
3. Stick to Bitcoin.
If I had only invested in Bitcoin and avoided chasing altcoins or speculative futures trades, I’d have three times more money today. Consistency beats risky experiments.
4. No One Can Predict the Future.
Thinking I could outsmart the market was foolish. Markets are unpredictable, and even the best traders rely on probabilities, not certainties.
5. Focus on Building a Business, Not Watching Charts.
The time I spent glued to screens was just like binge-watching Netflix or scrolling Instagram—unproductive and costly. The best investment I can make is in my business, where I have control and can create real value.
Final Thought:
Let money work for you, not the other way around. This experience was expensive, but the lessons I’ve gained are priceless. Here’s to smarter decisions moving forward! 💪
Today, I lost around $6,500 USD from my futures wallet.
It’s definitely painful, but instead of dwelling on the loss, I’m reflecting on what I can learn from it. Losing this amount is like paying for an expensive course—except this time, the lesson came through experience.
Here are my key takeaways:
1. Never Be Too Greedy.
It sounds obvious, right? I thought I understood it before, but now I feel it. Greed blinds rational thinking and often leads to bad decisions.
2. Money Is Not Everything.
We all know this in theory, but experiencing a significant financial loss puts things into perspective. Money can be earned back, but time, health, and relationships are far more valuable.
3. Stick to Bitcoin.
If I had only invested in Bitcoin and avoided chasing altcoins or speculative futures trades, I’d have three times more money today. Consistency beats risky experiments.
4. No One Can Predict the Future.
Thinking I could outsmart the market was foolish. Markets are unpredictable, and even the best traders rely on probabilities, not certainties.
5. Focus on Building a Business, Not Watching Charts.
The time I spent glued to screens was just like binge-watching Netflix or scrolling Instagram—unproductive and costly. The best investment I can make is in my business, where I have control and can create real value.
Final Thought:
Let money work for you, not the other way around. This experience was expensive, but the lessons I’ve gained are priceless. Here’s to smarter decisions moving forward! 💪
Actually what he said was, that with current regulations, it's not possible for them to HODL BTC,so they would need to pass new regulations through the Senate...
Federal Reserve Chair Jerome Powell has said the central bank does not intend to be involved in any government effort to stockpile and create a Bitcoin strategic reserve.
Powell said the Federal Reserve is not allowed to own Bitcoin and is not looking to change that.
Powell said the Federal Reserve is not allowed to own Bitcoin and is not looking to change that.
I bought at 99 and still have buy options if the price falls to 90, even to 85
BTC dipping below $100k? 🤔 Time to get brave! 😈
Who among you would be bold enough to buy Bitcoin? 🤑
#bitcoin
Who among you would be bold enough to buy Bitcoin? 🤑
#bitcoin
Ah, yes. They are not allowed to HODL BTC but they are allowed buy their own debt to seemingly reduce it...
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Binance News
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Federal Reserve Chair Powell Addresses Bitcoin Reserve Policy
According to Odaily, Federal Reserve Chair Jerome Powell recently addressed questions regarding the institution's stance on holding Bitcoin reserves. Powell clarified that the Federal Reserve is not permitted to hold Bitcoin and expressed no desire to alter existing laws to accommodate such holdings. This statement underscores the Federal Reserve's current policy and regulatory framework concerning cryptocurrency reserves.
Powell's remarks come amid ongoing discussions about the role of digital currencies in the global financial system. As central banks worldwide explore the potential of digital currencies, the Federal Reserve maintains its position on Bitcoin, emphasizing adherence to current legal and regulatory standards. This stance reflects a cautious approach to integrating cryptocurrencies into traditional financial systems, highlighting the complexities and challenges associated with such a transition.
The Federal Reserve's position on Bitcoin is consistent with its broader strategy of ensuring financial stability and regulatory compliance. By not holding Bitcoin, the institution aims to mitigate risks associated with the volatility and regulatory uncertainties of cryptocurrencies. Powell's comments reinforce the Federal Reserve's commitment to maintaining a stable and secure financial environment, prioritizing established monetary policies over the adoption of emerging digital assets.
Powell's remarks come amid ongoing discussions about the role of digital currencies in the global financial system. As central banks worldwide explore the potential of digital currencies, the Federal Reserve maintains its position on Bitcoin, emphasizing adherence to current legal and regulatory standards. This stance reflects a cautious approach to integrating cryptocurrencies into traditional financial systems, highlighting the complexities and challenges associated with such a transition.
The Federal Reserve's position on Bitcoin is consistent with its broader strategy of ensuring financial stability and regulatory compliance. By not holding Bitcoin, the institution aims to mitigate risks associated with the volatility and regulatory uncertainties of cryptocurrencies. Powell's comments reinforce the Federal Reserve's commitment to maintaining a stable and secure financial environment, prioritizing established monetary policies over the adoption of emerging digital assets.
The market have already priced in the rate cut on monday and tuesday with two new ATHs, now it's consolidating time
soon market going to bullish so tight your belts
The rise of BTC over 108 was already due to the expected rate cut. So don't expect some 1 min candle rise to the top today. Maybe tomorrow if interest rate is cut today.
Today the US Federal Reserve interest rate report. In short:
-Reduce interest = rise in markets
-Stabilize interest = fluctuation in markets then rise
-Raise interest = God help us
#BTC☀
-Reduce interest = rise in markets
-Stabilize interest = fluctuation in markets then rise
-Raise interest = God help us
#BTC☀
Business for who? Sideways movement are always good for altcoins.
$BTC
BTC made a lot of money by eating its small customers, but the downside was that its volatility has decreased. Now BTC is not going up and down, which is not good for business.
#writetoearn
BTC made a lot of money by eating its small customers, but the downside was that its volatility has decreased. Now BTC is not going up and down, which is not good for business.
#writetoearn