Stock and Cryptocurrency Crash: Who's to Blame and What's Next?

💹 Why Did the Market Crash?

The recent drop in cryptocurrency and stock prices is due to a combination of macroeconomic factors and crypto-specific issues, with the former having the most significant impact.

📉 Why Did Bitcoin Fall?

Last week brought significant volatility to Wall Street. Major indices and futures dropped sharply by the end of the week due to growing recession fears. These concerns intensified after the release of the US employment report on Friday, raising worries about the strength of economic growth.

🌍 Geopolitical tensions are also contributing to market instability.

In the crypto market, the sell-off driven by recession fears led to a shift of capital away from high-risk assets, including cryptocurrencies. This movement was further fueled by recent developments in the US presidential race, which many view as less favorable for cryptocurrencies.

🌞 Summer is traditionally a slow period for cryptocurrencies, which may have also played a role.

🔮 Looking ahead, the Federal Reserve might lower interest rates, improving the outlook for the US economy. As the presidential elections approach, market volatility will continue to rise as candidates refine their positions on cryptocurrencies.

#MarketDownturn $BTC $ETH $BNB

Indian regulator targets Binance: suspected tax evasion of $86 million. 💼💰

While the market is falling, Binance is winning: a net daily inflow of $1.2 billion, says CEO Richard Teng. 📈🚀

#binance #Crypto #TaxEvasion #finance #MarketTrends $BNB $BTC $SOL

Crypto Crash! 😱📉 The "Fear and Greed Index" 😨 Plunges into Extreme Fear Zone at 17 Points! 🚨

Shocking fact: 😲 The last time this level was seen was in the summer of 2022, when Bitcoin was worth less than $20,000! 💸💔

$BTC $ETH $BNB

#cryptocrash #FearAndGreedIndex #ExtremeFear #Bitcoin #CryptoNews

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🔽 Went a bit into the red 😅

Justin Sun accumulated 377,590 ETH worth $1.15 billion, with an average purchase price of $3,051.

With the current dip, his portfolio is at a loss of $280 million due to a 20% correction in Ethereum.

Possibly because of this, he decided to play the hero and announced the creation of a $1 billion fund to increase investments and ensure liquidity.

#ETH #TRON #BTC $TRX $ETH $BTC

🥳 "Bitcoin and the crypto market are crashing. Hooray!" — Robert Kiyosaki on his social media.

The American entrepreneur urges people not to be cowards and to invest in Bitcoin amid the global crisis.

#BTC #Robertkiyosaki $BTC

Germany, which sold its bitcoins before the market crash: a genius move or pure luck? 🚀📉

#BTC #Bitcoin #ETH #Ethereum $BTC $ETH $BNB

🤌 Trader Plan B reminds us: HODLing isn't for the faint-hearted! If you panic at a -20% drop, maybe Bitcoin isn't your battlefield! 😜💥

#PlanB #BTC #ETH #SOL $BTC $ETH $SOL

Poll: What do you think is behind the cryptocurrency crash?

#BNB #BTC #ETH #binance #Ethereum $BTC $ETH $SOL

🇺🇸 The likelihood of an emergency Fed rate cut this week is 60%! A financial upheaval is on the horizon, potentially shaking global markets. Brace yourselves for unexpected changes! 🌍📉🚨

#FED #Bitcoin #BTC #ETH $BTC $USDC

Robinhood has halted 24/7 trading amid market volatility.

#Robinhood #BTC #ETH #Bitcoin #binance $BTC $ETH $SOL

😐 Think it's bad? Better not check your exchange accounts until autumn... 😉

​​In the last 24 hours, $879 million has been liquidated. Out of that, $758 million were long positions, and $121 million were short positions.

#BTC #BNB #binance #Bitcoin #ETH $BTC $ETH $SOL

😐 What is capitulation?

Let's step back from the red market, switch off our emotions, and think rationally. I want to remind you that crypto is a high-risk asset, and such dips are a given that we need to accept.

High risk = high reward

Why am I confident in future growth and not worried about the negatives in my portfolio:

They won't let crypto crash before the elections. They'll manipulate it any way they can, but they won't let it crash.

The situation with Iran has escalated? And once again, the markets are falling on expectations, not the actual invasion, is this the first time? 😉

The market situation very much resembles the scenario of 2021, and guess what? BTC reached its peak in November, for the second time after updating its ATH in the spring of that year. Does it remind you of anything? 🤔

By the way, altcoins mostly grew back in the fall.

So if you don't have money to buy more – forget about the sell button until autumn, and thank me later 😎

#BTC #Bitcoin #Ethereum #binance #ETH $BTC $ETH

💬 Vitalik Buterin sparked a storm of controversy by criticizing those who plan to vote for politicians based on their stance on cryptocurrencies.

In his opinion, such decisions carry a huge risk of betraying the principles of cypherpunks, which are the foundation of the crypto industry — privacy, freedom of thought, and access to information.

Buterin believes that loud promises could lead to the support of politicians whose broader values might not align with those of the crypto community.

The co-founder of Ethereum particularly condemned the acceptance of crypto by authoritarian regimes, such as Russia. According to him, these regimes support cryptocurrencies for their own benefit while suppressing individual freedoms of their citizens.

#Buterin #opinion #CryptoNewss #Politics #Freedom $ETH

💸 Breaking news: the venture company Web3 The Open Platform (TOP) has made a bold move by investing significant funds in Akedo Games. This daring investment aims to revolutionize gaming on Telegram within the TON blockchain ecosystem. Are you ready for the next level of gaming?

#BreakingNews #Web3 #TopCoins #AkedoGames #Telegram

🎂 Ahead of Binance's seventh anniversary, the CEO of the crypto exchange, Richard Teng, shared statistics and plans. According to him, such a long tenure in the market has made the company a "hardened veteran."

The number of users on the trading platform has surpassed 200 million, and the record number of requests per second reached 2.58 million.

"During the seventh year, our focus on regulatory compliance, which was already substantial, became even stronger. [...] We now have licenses in 18 jurisdictions — more than any other centralized crypto exchange," Teng emphasized.

#binance

💸 The probability of a rebound or rise in BTC significantly increases during periods of massive liquidations of short-term holders, especially when market fear reaches its peak. This is exactly such a moment — CryptoQuant 📈🚀

#Bitcoin #CryptoQuant #Trading #Market_Update #Investment $BTC

Combo for the hamster 🐹

#HamsterCombo #Crypto #CryptoMeme

Notcoin has no owner.

No new supply can be added.

💎 $NOT

#NOT🔥🔥🔥 #TopCoinsJune2024

💸 Bitcoin has a larger market capitalization than the three largest banks in the world combined:

• Bitcoin: $1.37 trillion.

• JPMorgan Chase: $574 billion.

• Bank of America: $311 billion.

• ICBC (Industrial and Commercial Bank of China): $268 billion.

Source: TG channel @BuffettSignals

#BTC #Bitcoin #TopCoinsJune2024