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🔥 News: The
#altcoin
market cap (excluding the top 10) has achieved a weekly close above $425B (black) for the first time since November 2021.
#CryptoNewss
#ALTSEASON
#marketcap
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💥 QCP Capital: Overly Bullish Positioning Behind Market Crash The hawkish #FOMC triggered a sharp selloff in risk assets: - Nasdaq fell 3.56%, S&P 500 dropped 2.95%, and $BTC declined 6.13%. - $BTC hit a low of $98,800 during the Asia session, with altcoins losing over 10%. - The market saw $258.6M in long liquidations. 👉 While the #Fed ’s expected 25bps cut wasn’t the issue, the panic was driven by a revised dot plot, now projecting 2 rate cuts in 2025, below the market's expectation of 3. 👉 QCP points to the root cause being overly bullish market positioning, leaving risk assets vulnerable after a one-sided rally post-election.
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🐳 Lookonchain: A whale deposited 49,910 $ETH ($170M) into #Binance and withdrew $137.8M worth of stablecoins from #Binance in the past 8 hours.
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Midday News Update #Web3 🔽 Trump family's crypto project #WLFI has incurred an unrealized loss of approximately $2.1 million on its 8,827 $ETH purchases. 🪙 GSR Markets and Amber Group have been confirmed as market makers for the RWA token $USUAL . ⚠ Azoria CEO confirmed that #DOGE department head Vivek Ramaswamy's account was hacked, and recent collaboration claims are false. 🪙 Ethereum spot ETFs saw $60.47 million in net outflows yesterday, marking the first outflows after 18 days of inflows. 🇺🇸 President-elect Trump has called on Congress to either abolish the debt ceiling or extend it until 2029. #Trump #RWA #ETHETF #USDebt
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📉 #Crypto markets saw over $1 billion in #liquidations yesterday. #BTC #ETH
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👏 Announcing @CoinRank_io 's strategic partnership with @FBBank_cc 🥳 👉 FBPay is the next-gen modular trustless payment application, supporting 80+ crypto & fiat currencies and trusted by over 50 leading #wallets and #Web3 projects worldwide. Follow along for upcoming developments! 📈 #Crypto #Cryptonews
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