Binance opens the door to traditional banking The largest cryptocurrency platform in the world launches new services to attract institutional investors
Many started believing, this is the END of 2024 bull run.
Explaining why, with 99% chance, all of these are manipulations 🧵👇
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Today, the market experienced one of the biggest dumps in the last 2 years.
So I want to talk about what caused that dump.
And how to prevent being liquidated in the future.
Let's start with the already loud "Good Afternoon"
Yesterday, the FOMC meeting took place in the US.
And it brought 2 news: 1 good one and 1 bad one.
Let's break down each one. Good one - lowering the interest rate by 25 bps.
Lowering interest rates can potentially bring more new hands to the market.
Bull run in 2021 was purely triggered by lowering the interest. Bad one - comment about $BTC reserve.
When Powell was asked about the plans for the BTC reserve, he replied:
The Fed is not authorized to $BTC and no plans are established to expand it anytime soon. That statement immediately triggered a panic attack among traders.
Only during Powell's speech, $BTC dropped by almost 7%. But let's take a wider picture for a sec.
Don't forget that we are in a correction state.
The BTC along with most alts corrected around 15% at most.
That may sound like a lot, but most of the assets are already recovering. It's okay that the market can react that emotionally.
But it also opens a lot of new entry points.
So If I were in your place, I would keep an eye out to fill your bags more.
As we haven't even seen a proper alt season. But Powell has always shown not the best impact on the crypto market.
When Trump starts his presidential term, he probably will get replaced.
This will open up crypto for less strict regulations.
This can lead BTC to over $200k per coin by the end of the year. We put a lot of research and work into this thread before reading it.🙏 🚨
Very Important 🚨 Please follow @Coinaute and 🩷Like + Comment and ✅ Share #binance #MarketDownturn
#MarketPullback Good morning!! I have a question. In FUTURES, when I have an open position it only gives me the option of Stop Loss and Stop Profit, however, I need to set a Trailing Stop.
If I'm not mistaken, I used to have all 3 options available in an OPEN TRADE, but now I only have SL and SP available. How can I configure it to have the option of Trailing Stop?
I was checking Square and there would be a correction in the market, but for those of us who do not know what that means, here I share what I found out: Market corrections in cryptocurrencies refer to a temporary decline in the price of a cryptocurrency after a period of significant increases. It's like a pause in growth, where prices drop a bit to "adjust" to the reality of the market. This can happen for various reasons, such as changes in the perception of value, profit-taking by investors, or external factors like economic news.
Corrections are normal and can be healthy for the market, as they help prevent excessive bubbles. However, it is important to be prepared and not panic if you see prices drop. It's always good to do your own research and make informed decisions! This is what I observed with my capital today. What option would we take, sell or save? Don't just go by what you read. Research. This is not investment advice, it's just a personal experience. #SAFU #NFA #DYOR
Hey, I've been on the market for 5-6 years, I don't trade every day, but I observe the market almost every day. The recent spike down was only a liquidation from long positions, it was quite weak, we are currently waiting. It is possible that on today's candle I bet on 105,500, a breakout of the previous peak and a quick return to the lower zones marked with question marks, no filled orders, when will the market return there, the price could actually return above 100k, but it has to return there, I do not rule out the option of 110k and a quick rally, there is a lot of % liquidation there, it could be a quick spike due to the large number of short positions.
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📊 Consider This: Locking your tokens isn’t just a step—it’s a vote of confidence in GMT’s future. Are you ready to stand behind the project? 4. The Ripple Effect of Burning 600M GMT Tokens Immediate Impact:
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This decisive action reinforces GMT as a serious contender in the crypto space, offering assurance to investors.
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🔑 Call to Action: Don’t miss your chance to join the BURNGMT movement—secure your place in GMT’s future today! 6. Why BURNGMT is a Game-Changer for the Industry Shifting the Market Landscape:
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This initiative isn’t just technical—it’s a clear declaration of the team’s unwavering belief in GMT’s success.
💬 Discussion Prompt: Would you want to be part of a project reshaping the future of tokenomics? 7. Key Takeaways and the Road Ahead Why Strategic Burns Matter: Token burns go beyond supply reduction; they solidify trust and lay the foundation for sustainable growth.What’s Next?
GMT’s future holds new milestones, ecosystem expansions, and unmatched opportunities for its holders.
📢 Engagement Note: What’s your take on GMT’s groundbreaking approach? Join the conversation and share your thoughts today!@GMT DAO #GMT❤️ #BURNGMT #CryptoInnovationView #FutureofFinance
Attention Floki Trading Bot users interested in $MONKY
The $MONKY token launches December 12 at 10:00 AM UTC on the BNB Chain. This means, you'll be able to buy $MONKY directly through the Floki Trading Bot.
$MONKY trading on the Floki Trading Bot starts in two waves:
- Floki Trading Bot users who held at least $1,000 worth of $FLOKI or $TOKEN in their Floki Trading Bot wallet on December 9, 5PM UTC will be able to buy $MONKY within the first ten minutes of launch. This is an anti-snipe mechanism implemented by the MONKY team, as explained in our Medium announcement about the MONKY launch Yesterday. - All other Floki Trading Bot users will be able to buy MONKY ten minutes after trading starts.
MOVE Coin: Price Drops from $1.41 to $0.65 After Binance Listing
Binance recently listed a new token $MOVE , and it quickly saw an impressive surge to $1.41. However, after some market fluctuations, the price has dropped significantly to $0.65. This sharp movement is a reminder of the volatility that often accompanies newly listed cryptocurrencies. Investors and traders should exercise caution and monitor the market closely when participating in
these early-stage trades. Price swings like this are common in the crypto world, and it's important to understand the risks involved. Stay informed, track trends, and make decisions based on your research to avoid unexpected losses. #Binance #MarketUpdate #MOVEOpening $MOVE