LIVE
Ollie Fifu
@Square-Creator-910210892
Вы подписаны
Подписчики
Понравилось
Поделились
The beesh got what she deserves
US Senate Cancels Renomination of SEC Commissioner Caroline Crenshaw
The Senate Banking Committee canceled Caroline Crenshaw’s renomination vote.
President-elect Trump plans to appoint a pro-crypto SEC commissioner.
The U.S. Senate Banking Committee has canceled its vote on SEC Commissioner Caroline Crenshaw’s renomination. This decision effectively ends her tenure at the regulatory agency. Scheduled for December 18, the vote was called off due to a lack of legislative floor time, as confirmed by a Senate aide.
BREAKING: A Senate aide has just informed me that tomorrow’s Senate Banking Committee scheduled markup vote on @SECGov Commissioner Caroline Crenshaw has been canceled. She will not be renominated to her position.
— Eleanor Terrett (@EleanorTerrett) December 17, 2024
Crenshaw’s departure comes amidst significant criticism from the cryptocurrency industry. Known for opposing Bitcoin spot ETFs, she cited fraud and market manipulation concerns. Her strict regulatory stance aligned with outgoing SEC Chair Gary Gensler, prioritizing investor protection over market expansion.
Crenshaw has been a vocal opponent of digital assets throughout her tenure. She frequently supported stringent oversight, even surpassing Gensler in her skepticism of crypto markets. Earlier this year, she reiterated that Bitcoin spot products lack adequate protections for consumers.
Crypto Wins as Crenshaw’s Exit Looms
The crypto industry reacted positively to her exit. Key players like Coinbase and Ripple criticized her policies, which they argued stifled innovation. Trade groups, including the Blockchain Association, organized campaigns against her renomination. Over 107,000 emails opposing Crenshaw were sent to Senate offices, highlighting the industry’s influence.
Republicans in the Senate also opposed her renomination. Senator Tim Scott called the vote timing an attempt to further President Biden’s agenda before Donald Trump’s administration takes over. Political friction delayed Crenshaw’s renomination meeting multiple times, ultimately leading to its cancellation.
President-elect Donald Trump will now have the opportunity to appoint a new SEC commissioner. Reports suggest he favors Paul Atkins, a pro-crypto figure, signaling a regulatory shift. Trump has expressed support for a crypto-friendly framework and vowed to include industry advocates in policy-making.
Highlighted Crypto News TodayIs $1 Possible for PENGU Token Despite Significant Price Setbacks?
President-elect Trump plans to appoint a pro-crypto SEC commissioner.
The U.S. Senate Banking Committee has canceled its vote on SEC Commissioner Caroline Crenshaw’s renomination. This decision effectively ends her tenure at the regulatory agency. Scheduled for December 18, the vote was called off due to a lack of legislative floor time, as confirmed by a Senate aide.
BREAKING: A Senate aide has just informed me that tomorrow’s Senate Banking Committee scheduled markup vote on @SECGov Commissioner Caroline Crenshaw has been canceled. She will not be renominated to her position.
— Eleanor Terrett (@EleanorTerrett) December 17, 2024
Crenshaw’s departure comes amidst significant criticism from the cryptocurrency industry. Known for opposing Bitcoin spot ETFs, she cited fraud and market manipulation concerns. Her strict regulatory stance aligned with outgoing SEC Chair Gary Gensler, prioritizing investor protection over market expansion.
Crenshaw has been a vocal opponent of digital assets throughout her tenure. She frequently supported stringent oversight, even surpassing Gensler in her skepticism of crypto markets. Earlier this year, she reiterated that Bitcoin spot products lack adequate protections for consumers.
Crypto Wins as Crenshaw’s Exit Looms
The crypto industry reacted positively to her exit. Key players like Coinbase and Ripple criticized her policies, which they argued stifled innovation. Trade groups, including the Blockchain Association, organized campaigns against her renomination. Over 107,000 emails opposing Crenshaw were sent to Senate offices, highlighting the industry’s influence.
Republicans in the Senate also opposed her renomination. Senator Tim Scott called the vote timing an attempt to further President Biden’s agenda before Donald Trump’s administration takes over. Political friction delayed Crenshaw’s renomination meeting multiple times, ultimately leading to its cancellation.
President-elect Donald Trump will now have the opportunity to appoint a new SEC commissioner. Reports suggest he favors Paul Atkins, a pro-crypto figure, signaling a regulatory shift. Trump has expressed support for a crypto-friendly framework and vowed to include industry advocates in policy-making.
Highlighted Crypto News TodayIs $1 Possible for PENGU Token Despite Significant Price Setbacks?
The beesh gets what she deserves 😂🤣
LIVE
Coinpedia
--
U.S. Senate Cancels Vote on Renomination of SEC Commissioner Caroline Crenshaw
The post U.S. Senate Cancels Vote On Renomination of SEC Commissioner Caroline Crenshaw appeared first on Coinpedia Fintech News
The U.S. Senate Banking Committee has canceled the vote on the renomination of SEC Commissioner Caroline Crenshaw, ending her chances of serving another term. She is widely known for voting against the approval of Bitcoin spot ETFs and her stance aligns with broader concerns about fraud and market manipulation in the crypto sector. She has been a strong opponent of cryptocurrency within the SEC, advocating for stricter oversight, often more so than SEC Chair Gary Gensler. Her departure comes as the cryptocurrency industry pushes for clearer favorable regulations, with major players like Coinbase and Ripple criticizing her anti-crypto stance.
The U.S. Senate Banking Committee has canceled the vote on the renomination of SEC Commissioner Caroline Crenshaw, ending her chances of serving another term. She is widely known for voting against the approval of Bitcoin spot ETFs and her stance aligns with broader concerns about fraud and market manipulation in the crypto sector. She has been a strong opponent of cryptocurrency within the SEC, advocating for stricter oversight, often more so than SEC Chair Gary Gensler. Her departure comes as the cryptocurrency industry pushes for clearer favorable regulations, with major players like Coinbase and Ripple criticizing her anti-crypto stance.
They will cut but probably not as big as November cut. Inflation rates and employment rate seem to be quite balanced.
🚨 SELL SELL SELL⏰ - FMOC LIVE ALERT 🚨
The US Federal Reserve is making waves today! The big question: Will they cut rates again? With expectations high for a 25 basis point reduction, this would mark the third consecutive rate cut, dropping the federal funds rate to 4.25%-4.5% from 4.5%-4.75%.
As the FMOC meeting unfolds, we’re in the midst of crucial moments that could send shockwaves through the markets. 📉 Now’s the time to act fast! Watch closely—your trading strategy might need a quick adjustment.
#BinanceAlpha #PENGUOpening #BTCNewATH
The US Federal Reserve is making waves today! The big question: Will they cut rates again? With expectations high for a 25 basis point reduction, this would mark the third consecutive rate cut, dropping the federal funds rate to 4.25%-4.5% from 4.5%-4.75%.
As the FMOC meeting unfolds, we’re in the midst of crucial moments that could send shockwaves through the markets. 📉 Now’s the time to act fast! Watch closely—your trading strategy might need a quick adjustment.
#BinanceAlpha #PENGUOpening #BTCNewATH
According to binance post on the 12th December 2024, it's going to be listed with trading pairs
LIVE
BullishBanter
--
What happened with $USUAL ... Really, It seems to delisted on Binance ..
Can Anyone know about it... ??
Holders are worried about it..
Can Anyone know about it... ??
Holders are worried about it..
Bankers don't have anything to be scared of. They will simply adopt the xrp and RLUSD for faster transactions and more efficient systems. It's simply an update
¡ESTO DEBERÍA ASUSTAR A LOS BANQUEROS!
DESCENTRALIZADO significa que no necesitamos el sistema bancario Rothchild de DEUDA perpetua.
Esta transacción de $917 millones costó $0.0013.
Esta es la función de utilidad de XRP, que realiza pagos por básicamente nada, mientras mantiene la transacción en un libro público para que todos la vean.
Barato y transparente, exponiendo la actividad o los orígenes delictivos.
La mercancía es su valor como procesador de dinero.
¡El fin está cerca!
Para [la Reserva Federal]
😎
$XRP
DESCENTRALIZADO significa que no necesitamos el sistema bancario Rothchild de DEUDA perpetua.
Esta transacción de $917 millones costó $0.0013.
Esta es la función de utilidad de XRP, que realiza pagos por básicamente nada, mientras mantiene la transacción en un libro público para que todos la vean.
Barato y transparente, exponiendo la actividad o los orígenes delictivos.
La mercancía es su valor como procesador de dinero.
¡El fin está cerca!
Para [la Reserva Federal]
😎
$XRP
May your statement come true...
OMG! BREAKING NEWS | XRP JUST EXPLODED!
News source?
Цитируемый контент удален
Sell yours so that we can buy
it's time to sell BTC/Shot
Shall I sell it to you 😂🤣
🚨$XRP Holders Alert.....!!!
Sale your $XRP now because it will go down now. Don't be silly, that's not a joke.
Sell XRP now or regret later.
Note: Sell your $XRP now and buy at a dip.
Write my words.
Sale your $XRP now because it will go down now. Don't be silly, that's not a joke.
Sell XRP now or regret later.
Note: Sell your $XRP now and buy at a dip.
Write my words.
You're saying that when other useless coins had much better gains and that a utility coin will have such poor performance?
🔥XRP Price Prediction 2024-2030🔥
Long-term XRP price forecast 2025-2030
Although XRP is now trading well below its all-time high, the token is gradually regaining lost ground. Nonetheless, the future price of XRP over the long term will depend on a complex set of factors, including regulatory outcomes, adoption of Ripple’s technology, and the broader market’s perception of cryptocurrency.
👇
High price scenario
If XRP achieves widespread ODL adoption and secures substantial global partnerships, its price could rise significantly. In this scenario, XRP benefits from a supportive regulatory framework, increasing institutional use, and broad crypto market growth. XRP’s integration with financial systems could also add to its value, driving XRP’s price to between $4.00 and $6.00 by the end of 2030.
👇
Moderate price scenario
In a more moderate scenario, XRP shows steady growth but faces increased competition in the payment solutions sector as well as some regulatory hurdles in some regions. XRP may expand its ODL network and establish partnerships but on a smaller scale than anticipated. This scenario assumes a balanced global regulatory approach with steady crypto market growth, potentially pushing XRP’s price to $2.00 - $3.00 by 2030.
👇
Low price scenario
In a bearish scenario, XRP faces major setbacks, limiting its use and adoption in key markets. Slow adoption of XRP’s ODL services and reduced investor interest could keep XRP’s price within the $0.50 - $1.20 range. This scenario could arise if global economic conditions remain unfavorable for crypto assets or if XRP faces competitive challenges from other blockchain networks focused on cross-border payments.
$BTC
Long-term XRP price forecast 2025-2030
Although XRP is now trading well below its all-time high, the token is gradually regaining lost ground. Nonetheless, the future price of XRP over the long term will depend on a complex set of factors, including regulatory outcomes, adoption of Ripple’s technology, and the broader market’s perception of cryptocurrency.
👇
High price scenario
If XRP achieves widespread ODL adoption and secures substantial global partnerships, its price could rise significantly. In this scenario, XRP benefits from a supportive regulatory framework, increasing institutional use, and broad crypto market growth. XRP’s integration with financial systems could also add to its value, driving XRP’s price to between $4.00 and $6.00 by the end of 2030.
👇
Moderate price scenario
In a more moderate scenario, XRP shows steady growth but faces increased competition in the payment solutions sector as well as some regulatory hurdles in some regions. XRP may expand its ODL network and establish partnerships but on a smaller scale than anticipated. This scenario assumes a balanced global regulatory approach with steady crypto market growth, potentially pushing XRP’s price to $2.00 - $3.00 by 2030.
👇
Low price scenario
In a bearish scenario, XRP faces major setbacks, limiting its use and adoption in key markets. Slow adoption of XRP’s ODL services and reduced investor interest could keep XRP’s price within the $0.50 - $1.20 range. This scenario could arise if global economic conditions remain unfavorable for crypto assets or if XRP faces competitive challenges from other blockchain networks focused on cross-border payments.
$BTC
It isn't Binance that wants to remove USDT but regulators are pushing crypto platforms since usdt has lack of transparency
Цитируемый контент удален
No it won't go down to 1.64. And it's just moving parallel with BTC, ETH and BNB. All crypto are waiting for the next Jerome Powell Federal reserve speech on the 18th December
$XRP
🔥
XRP is on a recovery mode. Analysis says before touching the $3 mark it is most likely to go down for retest near the open support zone of 1.64702 and 1.43006.
XRP is on a major 5th wave after a large consolidation phase (2018-2024). Most-likely we may see an extended 5th wave.
Currently we are at 4th wave of major 3rd wave. A 38.6% (1.3377) retracement is expected Also keep an eye on $BTC dominance for better entries.
WEEKLY CHART MARKING AND DAILY CHART MARKING
🔥
XRP is on a recovery mode. Analysis says before touching the $3 mark it is most likely to go down for retest near the open support zone of 1.64702 and 1.43006.
XRP is on a major 5th wave after a large consolidation phase (2018-2024). Most-likely we may see an extended 5th wave.
Currently we are at 4th wave of major 3rd wave. A 38.6% (1.3377) retracement is expected Also keep an eye on $BTC dominance for better entries.
WEEKLY CHART MARKING AND DAILY CHART MARKING
Probably it will run after the 18th December following the Federal Reserve Chair Jerome Powell next speech and after confirming that Caroline A Crenshaw being rejected by Senate
Is the Bull Run Ending Soon? 🐂📉
Many are excited about the current bull market, but let's take a closer look.
🧐 This bull run actually started in November 2022, meaning we've already had over two years of bullish momentum. 📈
If history repeats itself, we might be nearing the end of this cycle.
⏳ Past market trends suggest that we could be just 3-6 months away from a potential bear market. 🐻
What does this mean for you? 🤔
While the timeline may seem short, the final months of a bull market can be the most profitable.
🚀 This is your chance to maximize your gains and ride the final wave. 🌊
Here's what you can do:
Time Your Trades Strategically:
⏰ Focus on short-term trades and take profits when the opportunity arises. Prepare for the Inevitable:
🛡️ A bear market is coming, so have a plan to protect your hard-earned gains.
Capitalize on the Final Surge: 💰 The biggest gains often happen at the end of a bull market. Stay alert and ready to strike.
Remember, a disciplined approach can lead to significant rewards.
💰 Let's navigate this market together! 🤝
#BTCNextDirection? #BinanceListsVelodrome #BinanceLaunchpoolVANA #BNBChainMemecoins #BitcoinKeyZone
🧐 This bull run actually started in November 2022, meaning we've already had over two years of bullish momentum. 📈
If history repeats itself, we might be nearing the end of this cycle.
⏳ Past market trends suggest that we could be just 3-6 months away from a potential bear market. 🐻
What does this mean for you? 🤔
While the timeline may seem short, the final months of a bull market can be the most profitable.
🚀 This is your chance to maximize your gains and ride the final wave. 🌊
Here's what you can do:
Time Your Trades Strategically:
⏰ Focus on short-term trades and take profits when the opportunity arises. Prepare for the Inevitable:
🛡️ A bear market is coming, so have a plan to protect your hard-earned gains.
Capitalize on the Final Surge: 💰 The biggest gains often happen at the end of a bull market. Stay alert and ready to strike.
Remember, a disciplined approach can lead to significant rewards.
💰 Let's navigate this market together! 🤝
#BTCNextDirection? #BinanceListsVelodrome #BinanceLaunchpoolVANA #BNBChainMemecoins #BitcoinKeyZone
The vote for Caroline A Crenshaw has been postponed for the 18th December according to some posts and articles. This coincides with the next Jerome Powell Federal reserve speech (Either rate cut or raise). What will happen after that specific date?
One might say that once xrp is going to be adopted by banks it's no longer an altcoin but rather has a utility.
🚨 Внимание! XRP больше не является альткойном 🚨❗
Нет это не кликбейтный файл. $XRP больше не является «просто чем-то еще» на рынке криптовалют. Его больше нельзя классифицировать просто как «альтернативу Биткойну». Он прокладывает свой собственный путь, ломает стереотипы и переопределяет свою роль в глобальной финансовой системе. 🌍💳
🔥 Почему XRP больше не является альткойном?
1️⃣ Это больше, чем альтернатива:
Альткойны — это криптовалюты, которые стремятся следовать пути, установленному Биткойном. Но XRP не конкурирует, а лидирует. Его уникальный дизайн как глобального платежного инструмента ставит его в совершенно другую категорию. 💸✨
2️⃣ Реальное и широкое внедрение:
В то время как многие альткойны борются за актуальность, XRP уже сотрудничает с банками, корпорациями и правительствами по всему миру, преобразуя финансовую инфраструктуру. Его практический подход отличает его от любой другой криптовалюты. 🏦🔗
3️⃣ Соответствует международным стандартам:
XRP — одна из немногих криптовалют, которая соответствует ISO 20022, глобальному стандарту финансовых платежей. Это гарантирует, что он будет играть ведущую роль в эпоху токен-активов. 🌐
4️⃣ Реальное влияние, а не просто спекуляции:
В то время как другие криптовалюты полагаются на шумиху, XRP решает реальные проблемы. Его быстрые, экономичные и масштабируемые транзакции меняют наше понимание цифровых денег. 💡🚀
💥 Вердикт ясен: XRP больше не является альткойном. Они являются активами мирового класса, прокладывающими свой собственный путь и оставляющими позади «альтернативную» категорию.
👉 Что вы думаете? Сможет ли XRP возглавить финансовую революцию? Поделитесь своим видением и сопровождайте это движение в будущее
🔥 Почему XRP больше не является альткойном?
1️⃣ Это больше, чем альтернатива:
Альткойны — это криптовалюты, которые стремятся следовать пути, установленному Биткойном. Но XRP не конкурирует, а лидирует. Его уникальный дизайн как глобального платежного инструмента ставит его в совершенно другую категорию. 💸✨
2️⃣ Реальное и широкое внедрение:
В то время как многие альткойны борются за актуальность, XRP уже сотрудничает с банками, корпорациями и правительствами по всему миру, преобразуя финансовую инфраструктуру. Его практический подход отличает его от любой другой криптовалюты. 🏦🔗
3️⃣ Соответствует международным стандартам:
XRP — одна из немногих криптовалют, которая соответствует ISO 20022, глобальному стандарту финансовых платежей. Это гарантирует, что он будет играть ведущую роль в эпоху токен-активов. 🌐
4️⃣ Реальное влияние, а не просто спекуляции:
В то время как другие криптовалюты полагаются на шумиху, XRP решает реальные проблемы. Его быстрые, экономичные и масштабируемые транзакции меняют наше понимание цифровых денег. 💡🚀
💥 Вердикт ясен: XRP больше не является альткойном. Они являются активами мирового класса, прокладывающими свой собственный путь и оставляющими позади «альтернативную» категорию.
👉 Что вы думаете? Сможет ли XRP возглавить финансовую революцию? Поделитесь своим видением и сопровождайте это движение в будущее
We are yet to see about the regulatory environment. Today was supposed the date where the Senate will vote or not vote for Caroline A Crenshaw. Hopefully she won't get elected
$XRP $SOL $ETH A solemn warning:
Regulations are coming in hot next year and only coins with regulatory clarity will survive. Ethereum currently doesn’t have regulatory clarity but will surely obtain that, Solana on the other hand… Well, I don’t see it surviving in the long term. Make your money this run and get out. If you hold coins with regulatory clarity and ISO20022 tokens then hold them dearly and don’t sell everything at the peak(but do take profits). Certain cryptos will form the pillars of the new system. I’m talking xlm, Xrp, ethereum maybe Bitcoin and OXT will be another although I know I’ll get scoffed at for mentioning it. ISO20022 and MICA compliant tokens will survive. Thousands of coins will go to zero and real money will start flowing into the survivors, I’m talking old money from people whom are scared of the volatility at present. The manipulators of this market will be held to account in time and get gobbled up by old and institutional money. No more illicit deals with SEC chairs, no more insider trading, no more exchanges colluding with market makers to strike liquidity no more basement nerds laughing together on ventrilo as they set bear and bull traps. The Wild West will turn into a safe haven for investors. The new SEC is coming to actually protect investors(for once).
Ignore FUD and speculation. People are saying the case won’t be dropped against Ripple because gensler sent his cronies to blockade the new pro-crypto head of SEC and yadda yadda yadda, FUD and lies. Well, not lies because the weasel is trying to do as much damage as possible on his way out that the new chair will have to clean up. My anticipation for the end of the case? Likely January/February. Are you as surprised as I am that gensler allowed RLUSD? Shock and awe to all it just took monumental pressure for him to do so.
It’s a bright future for holders of compliant tokens. Are you holding coins with regulatory clarity? If not, your investment is destined for zero and I’ve adjusted my portfolio appropriately.
Regulations are coming in hot next year and only coins with regulatory clarity will survive. Ethereum currently doesn’t have regulatory clarity but will surely obtain that, Solana on the other hand… Well, I don’t see it surviving in the long term. Make your money this run and get out. If you hold coins with regulatory clarity and ISO20022 tokens then hold them dearly and don’t sell everything at the peak(but do take profits). Certain cryptos will form the pillars of the new system. I’m talking xlm, Xrp, ethereum maybe Bitcoin and OXT will be another although I know I’ll get scoffed at for mentioning it. ISO20022 and MICA compliant tokens will survive. Thousands of coins will go to zero and real money will start flowing into the survivors, I’m talking old money from people whom are scared of the volatility at present. The manipulators of this market will be held to account in time and get gobbled up by old and institutional money. No more illicit deals with SEC chairs, no more insider trading, no more exchanges colluding with market makers to strike liquidity no more basement nerds laughing together on ventrilo as they set bear and bull traps. The Wild West will turn into a safe haven for investors. The new SEC is coming to actually protect investors(for once).
Ignore FUD and speculation. People are saying the case won’t be dropped against Ripple because gensler sent his cronies to blockade the new pro-crypto head of SEC and yadda yadda yadda, FUD and lies. Well, not lies because the weasel is trying to do as much damage as possible on his way out that the new chair will have to clean up. My anticipation for the end of the case? Likely January/February. Are you as surprised as I am that gensler allowed RLUSD? Shock and awe to all it just took monumental pressure for him to do so.
It’s a bright future for holders of compliant tokens. Are you holding coins with regulatory clarity? If not, your investment is destined for zero and I’ve adjusted my portfolio appropriately.
What will happen now that RLUSD has just been approved though?
LIVE
BullishBanter
--
🚨 $XRP /USDT TUMBLES: TESTING CRITICAL SUPPORT... Down to $2
$XRP has plummeted by 17.75%, trading at 1.9851, with the 24-hour low touching 1.9000 and resistance at 2.4418. The sharp decline highlights bearish dominance, breaking multiple support levels as selling pressure accelerates. If the price fails to hold above 1.9000, further downside to 1.8500 could be on the cards. However, any rebound from current levels might see XRP targeting a recovery toward 2.1365 or higher. Traders should remain cautious, utilize tight stop-losses, and monitor volumes closely for potential reversal signals or continued bearish momentum.
#XRP #CryptoAnalysis #TradingSignals #CryptoMarket #Share1BNBDaily
$XRP has plummeted by 17.75%, trading at 1.9851, with the 24-hour low touching 1.9000 and resistance at 2.4418. The sharp decline highlights bearish dominance, breaking multiple support levels as selling pressure accelerates. If the price fails to hold above 1.9000, further downside to 1.8500 could be on the cards. However, any rebound from current levels might see XRP targeting a recovery toward 2.1365 or higher. Traders should remain cautious, utilize tight stop-losses, and monitor volumes closely for potential reversal signals or continued bearish momentum.
#XRP #CryptoAnalysis #TradingSignals #CryptoMarket #Share1BNBDaily
Now that xrp surely has a utility with the final approval of RLUSD and therefore it's use by banks what will be the near future price of xrp? 🚀🚀🚀
https://cryptobriefing.com/rlusd-stablecoin-approval-nydfs/ RLUSD receives final approval whales shake off barnacles from them and swallow more coins of panic sellers
The strange thing is that bitcoin is the least one that suffered correction
📢📢📢 The crypto market crash on December 9, 2024, was caused by Few MAJOR converging factors:
🩸🩸Royal Government of Bhutan sold a total of 406 Bitcoins from its treasury, worth $40 million, as the $BTC price attempts a break to new all-time highs.
🛑1.Excessive Leverage and Liquidations:
Over $1.7 billion in leveraged positions were liquidated within 24 hours, with Bitcoin dropping below $94,000 and Ethereum falling by 8%. This triggered a domino effect across the market, as both long and short positions were forced to close, exacerbating the sell-off
🧮2.Quantum Computing Fears:
Google’s announcement of its advanced “Willow” quantum chip raised concerns about potential threats to cryptocurrency security. Though not an immediate issue, some traders speculated about vulnerabilities in cryptographic defenses, leading to market uncertainty
💰3.Government Bitcoin Sales:
Bhutan’s government moved a significant amount of Bitcoin to exchanges, fueling fears of increased supply and further price drops. This mirrored earlier moves that had pressured Bitcoin prices
🚀4.General Market Trends:
Broader market corrections tied to pre-halving cycles also played a role. Historically, Bitcoin experiences retraces and re-accumulation phases before halving events, aligning with patterns seen in this downturn.
These combined factors created a perfect storm, leading to the sharp decline.
$ETH
$BNB
#BURNGMT #BinanceMEOpening
🩸🩸Royal Government of Bhutan sold a total of 406 Bitcoins from its treasury, worth $40 million, as the $BTC price attempts a break to new all-time highs.
🛑1.Excessive Leverage and Liquidations:
Over $1.7 billion in leveraged positions were liquidated within 24 hours, with Bitcoin dropping below $94,000 and Ethereum falling by 8%. This triggered a domino effect across the market, as both long and short positions were forced to close, exacerbating the sell-off
🧮2.Quantum Computing Fears:
Google’s announcement of its advanced “Willow” quantum chip raised concerns about potential threats to cryptocurrency security. Though not an immediate issue, some traders speculated about vulnerabilities in cryptographic defenses, leading to market uncertainty
💰3.Government Bitcoin Sales:
Bhutan’s government moved a significant amount of Bitcoin to exchanges, fueling fears of increased supply and further price drops. This mirrored earlier moves that had pressured Bitcoin prices
🚀4.General Market Trends:
Broader market corrections tied to pre-halving cycles also played a role. Historically, Bitcoin experiences retraces and re-accumulation phases before halving events, aligning with patterns seen in this downturn.
These combined factors created a perfect storm, leading to the sharp decline.
$ETH
$BNB
#BURNGMT #BinanceMEOpening