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๐ Pavel Durov wrote that Telegram exceeded the mark of 1 billion monthly users and earned over $500 million in 2024.
But the most interesting part is that Elon Musk himself congratulated him under the tweet, and Durov wrote about the integration of Grok - Musk is a good ally in helping to enter the US market.
The market capitalization of meme coins fell by 56% from December 5, 2024, to March 5, 2025.
The co-founder of Cointelegraph believes that the meme coin bubble burst due to several factors: economic uncertainty, the policies of the Trump administration, as well as a combination of economic and foreign policy in the United States.
Should we still hold onto shields in the portfolio or not anymore?
๐บ๐ธ Events that may affect the cryptocurrency market this week.
The US economy is showing signs of weakening: the services sector business activity index has fallen to a two-year low. Important data is set to be released this week that could impact financial markets, including:
โช๏ธGDP data (Thursday) โ confirmation of a 2.3% economic growth is expected. If the numbers are lower, it may strengthen expectations for a Fed rate cut.
โช๏ธPCE inflation indicator (Friday) โ a key measure used by the Fed to assess inflation. Its increase could influence monetary policy.
โช๏ธConsumer sentiment report (Tuesday) and new home sales (Wednesday) โ could intensify discussions about stagflation and affect the market.
The FBI has been unsuccessfully trying to catch the leaders of Lazarus since 2018 โ a key figure here is hacker Pak Jin.
Cases of these guys:
โCentral Bank of Bangladesh: $81 million โAxie Infinity: $625 million โHarmony: $100 million โStake.com: $41 million โAtomic Wallet: $100 million โWazirX: $230 million โBybit: $1.4 billion
They provide North Korea with billions of dollars and help circumvent sanctions.
BTC Dominance ($BTC.D) continues to consolidate in an upward channel, bouncing off the 21MA, which is now acting as key support. This is an important moment, as the further movement will determine the market dynamics.
โก What does this mean for altcoins?
If $BTC.D is decreasing while BTC remains bullish or sideways, it is a signal for alt growth.
If $BTC.D is increasing or remains strong, a correction in the altcoin market is possible.
The current structure requires confirmation, so it is important to monitor the reaction at the support level and the movement of Bitcoin.
๐ Keep an eye on the dynamics โ the market can provide excellent opportunities!
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