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Dian Mirza
@DianMirza
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#MarketSentimentToday $BTC even ticked higher when Bitgo moved $2B of Mt. Gox BTC last night. This could signal that the market is beginning to disregard this supply factor.
#MarketSentimentToday $BTC is hovering below $60k again, showing signs of consolidation after recent fluctuations.
Weak U.S. payroll data may impact bitcoin price fall again.
Weak U.S. payroll data may impact bitcoin price fall again.
#MarketSentimentToday The current $BTC price is near the lower end of the 24-hour range. If the price holds above this support level and starts to bounce back, it could be a bullish sign.
I think the crypto #MarketDownturn is driven by multiple negative sentiment:
1. Japan's Rate Hike: The Bank of Japan's unexpected interest rate hike caused a massive unwinding of the yen carry trade
2. US Payroll Data: Weak nonfarm payroll growth in the US, combined with higher-than-expected unemployment rates, heightened fears of an impending recession
These factors contribute to a market downturn by increasing uncertainty and risk aversion among investors, prompting them to sell-off .
- My best strategy to take advantage of the current crypto market downturn is :
1. Use the downturn as an opportunity to buy at lower prices
2. Diversify to across a range of cryto assets to mitigate risk
- My tips to stay strong and resilient during market fluctuations is :
1.Stay informed about macroeconomic factors and central bank policies.
2. Diversify your portfolio across various assets to reduce exposure to any single market downturn.
1. Japan's Rate Hike: The Bank of Japan's unexpected interest rate hike caused a massive unwinding of the yen carry trade
2. US Payroll Data: Weak nonfarm payroll growth in the US, combined with higher-than-expected unemployment rates, heightened fears of an impending recession
These factors contribute to a market downturn by increasing uncertainty and risk aversion among investors, prompting them to sell-off .
- My best strategy to take advantage of the current crypto market downturn is :
1. Use the downturn as an opportunity to buy at lower prices
2. Diversify to across a range of cryto assets to mitigate risk
- My tips to stay strong and resilient during market fluctuations is :
1.Stay informed about macroeconomic factors and central bank policies.
2. Diversify your portfolio across various assets to reduce exposure to any single market downturn.
Mt. Gox Moves $2.47B in Bitcoin Amid Creditor Repayments
In a significant development, the Mt. Gox trustee transferred $2.47 billion worth of $BTC to new wallets. This move is part of the ongoing effort to repay creditors of the defunct exchange.
The latest transfer included 5,106 $BTC (approximately $335.8 million) sent to four separate Bitstamp addresses. Despite this substantial movement, Mt. Gox still holds 80,128 $BTC , valued at around $5.32 billion.
Bitstamp is one of the five exchanges collaborating with the Mt. Gox trustee to facilitate the repayment process. To date, a total of 10,216 BTC ($675.9 million) has been transferred to Bitstamp as part of these efforts. This marks a significant step in the long-awaited process of returning funds to those affected by the Mt. Gox collapse.
The move has generated considerable attention in the crypto community, reflecting the ongoing efforts to resolve one of the largest Bitcoin exchange collapses in history.
In a significant development, the Mt. Gox trustee transferred $2.47 billion worth of $BTC to new wallets. This move is part of the ongoing effort to repay creditors of the defunct exchange.
The latest transfer included 5,106 $BTC (approximately $335.8 million) sent to four separate Bitstamp addresses. Despite this substantial movement, Mt. Gox still holds 80,128 $BTC , valued at around $5.32 billion.
Bitstamp is one of the five exchanges collaborating with the Mt. Gox trustee to facilitate the repayment process. To date, a total of 10,216 BTC ($675.9 million) has been transferred to Bitstamp as part of these efforts. This marks a significant step in the long-awaited process of returning funds to those affected by the Mt. Gox collapse.
The move has generated considerable attention in the crypto community, reflecting the ongoing efforts to resolve one of the largest Bitcoin exchange collapses in history.
Mt. Gox begins distributing assets to creditors, raising concerns about potential selling pressure. Nearly $9 billion in $BTC and Bitcoin Cash is set to be released to creditors.
On July 24, 2024, the cryptocurrency market experienced significant volatility. Bitcoin $BTC price fell to $65,500, dropping nearly 4% in 24 hours, as Mt. Gox exchange began distributing assets to creditors
Which coins to buy tomorrow ?
WIF
100%
TIA
0%
ARKM
0%
1 votes • Voting closed
Who will be the biggest gainer tomorrow?
$WIF or $TIA
$WIF or $TIA
Memecoins will dump tomorrow after the GameStop craze and AI coins will be back again to the up rally
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