$BTC The crypto market is dumping on June 18, 2024, for several reasons: - Malaysian authorities cracking down on crypto investors to avoid tax - The U.S. Securities and Exchange Commission (SEC) vs. Ripple case - Stronger than expected U.S. jobs data - Increase in unemployment rate - Odds of a rate cut by the Federal Reserve lowered - Risk-off mode among investors - Over $380 million in liquidations of long positions versus short ones - Bearish divergence from the RSI - Economic and regulatory uncertainty - High inflation rates in the U.S. and the U.K.
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$BTC Some important news affecting Crypto Market : 1-Judge approves $12.7 billion settlement between FTX and CFTC, bringing 20-month-long lawsuit to an end
2-JPMorgan says bitcoin rebound supported by institutional investors
3-US policy group proposes Bitcoin tax-free zone for digital economy growth
4-Montenegrin court delays Do Kwon’s extradition to South Korea BingX Integrates Apple Pay and Google Pay to Expand Crypto Payment Options
5-Nomad Bridge Hack Wallet Transfers $36M in Ethereum to Crypto Mixer Tornado Cash
6-WazirX to undo all trades following $230 million hack-related withdrawal freeze
7-Binance recovers $73M in stolen funds, surpassing 2023 security efforts
8-Blast Meme Coin Pacmoon Is Migrating to Solana
9-Coinbase-Backed Vega Blockchain Wants In on Prediction Markets
10-Reddit's Crypto Subreddit Is Hosting a Logo Rebranding Competition for Its MOON Token
11-Solana sees record Jito validator tips amid rise in network activity and new token launches
12-Franklin Templeton’s tokenized money fund launches on Arbitrum
13-Immutable Announces Closure of Immutable X Marketplace
14-Hamster Kombat teases new details about ‘largest airdrop in crypto history’
15-Metaplanet Secures $6.8 MIllion Loan to Expand Its Bitcoin Reserves
$BTC The current Bitcoin price is between $54,847 and $55,162.73, which represents a change of 6.89% over the past 24 hours. Bitcoin's price is renowned for being highly volatile, and it has dropped over 13% this month. The recent price action in Bitcoin left the token's market capitalization at $1.09T, and so far this year, Bitcoin has a change of 30.53%. Market is highly volatile so be careful with your trades and do your own research and analysis before you make any trade . if you want to make consistent profits than copy my portfolio 🤗 Thank You #BTCMarketPanic #RecessionOrDip? #CopyTradingDiscover #COPYTRADING
$BTC The crypto market is crashing today due to a combination of factors, including:
- Recession fears: The latest U.S. nonfarm payrolls report revealed a weaker-than-expected jobs growth, sparking fears of a slowdown and impacting risk assets like cryptocurrencies. - Risk-off sentiment: The U.S. stock market has lost a staggering $1.1 trillion in valuation, triggering a sharp decline in the U.S. Dollar Index and a sell-off in the crypto market. - Bitcoin long liquidations: The cryptocurrency market has seen a surge in long liquidations, with approximately $241.07 million worth of long positions liquidated, accounting for 90% of total market liquidations. - Stock market decline: The broader stock market decline has further weighed on the crypto market crash, with the Nasdaq Composite losing 2.43% and the Dow Jones Industrial Average losing 1.51%. - Bitcoin and Ethereum ETF outflows: Both Bitcoin and Ethereum ETFs have faced significant outflows, contributing to the market's woes, with Bitcoin ETFs seeing $237.4 million in outflows and Ethereum ETFs experiencing outflows totaling $54.3 million.
$LTC Here are the latest news about the LTC coin: - Litecoin (LTC) saw a 15% rise in the past days due to whale activities, with $3.32 billion worth of LTC transacted by whales. - Litecoin processes an average of $2.85 billion in daily transactions exceeding $100,000. - Litecoin Outpaces Dogecoin in High-Value Transactions, with Dogecoin handling only about $590 million in such transactions daily. - Litecoin Attracts Institutional Interest with High-Value Transactions. Do DYOR before making any trade.
$BTC Bitcoin fell to a four-month low of $53,918, a drop of 8%. The slide is attributed to Mt. Gox, the world's leading exchange for cryptocurrencies before it collapsed a decade ago, preparing to return bitcoin to creditors, who are seen as likely sellers since the token's worth was only hundreds of dollars in 2014.
$BTC Market is bearish so be careful with your trades and DYOR before making any trade.. if you want to make consistent profits than copy my portfolio 🤗 Thank You
$BTC Alert Bitcoin will continue to dump so do your trades according to your risk management and deep research and analysis. Up to 99% of Mt. Gox's $8.2B Bitcoin could be sold: Analyst said
Most of the Bitcoin being repaid by defunct exchange Mt. Gox will be market sold, threatening to cause more downside pressure for BTC.
According to finance analyst Jacob King, the Mt. Gox repayments could add $8.2 billion worth of additional selling pressure to Bitcoin's (BTC) price.
The analysts said that on-chain movements already point to the fact that Mt. Gox's creditors have started selling, King wrote in a July 4 X post:
"No Bitcoiner will say this out loud, but the majority of the $8.2 Billion in $BTC that is set to be distributed back to ex- clients are going to be sold off."
The gloomy prediction comes hours after Mt. Gox began repaying its debts in Bitcoin and Bitcoin Cash (BCH), the collapsed crypto exchange announced on July 5.
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$BTC The crypto market is dumping the reasons are here below:
- Mt. Gox Dump: The failed cryptocurrency exchange Mt. Gox is returning Bitcoin to creditors, causing selling pressure and fear of a dump of up to $9 billion worth of tokens, including $2.7 billion already moved.
- Interest Rate Hike: The Federal Reserve's interest rate hike to combat inflation has reduced appeal for risky assets like crypto.
- Regulatory Uncertainty: Stricter regulations and legal challenges are creating uncertainty, affecting market sentiment.
- Liquidity Crisis: Some exchanges and lenders face liquidity issues, contributing to the market downturn.
- Market Volatility: Crypto markets are known for fluctuations, and this dump may be a natural correction after recent gains.
- Whales Selling: Large investors may be selling, causing a ripple effect in the market.
Remember, the crypto market is highly unpredictable, and prices can fluctuate rapidly. These factors may change, and the market may recover or continue to dump.