đŁđŁđŁđŁđŁElon Musk has just dropped a bombshell, silently confirming a radical change for Bitcoin and the cryptocurrency market. It all started when Musk shared a screenshot of the X app with a "$" button, sparking speculation about the upcoming Payments feature of X. App researcher Nima Owji guessed that the "$" button was for sending money, and Musk responded with a simple "True". This confirmation caused Dogecoin's price to skyrocket, as it was expected that Musk could expand support for the cryptocurrency on X. But hereâs the thing: X is not just any app. Musk plans to turn it into an "everything app" like WeChat, and he has been quietly acquiring licenses for money transmission across the United States. The implications are huge. If X adds support for Bitcoin, Dogecoin, Ethereum, and XRP, it could be a repeat of the Bitcoin price surge of 2021, which was triggered by PayPal's support for cryptocurrencies at the end of 2020. Musk's move could bring cryptocurrencies into the mainstream, making it easier for people to buy, sell, and use digital coins. Itâs worth noting that Musk has already confirmed that X "will never launch" its own cryptocurrency token, which has excited the Dogecoin community about the potential for their favorite meme coin to be adopted by X. With X Payments on the horizon, the cryptocurrency market is bracing for the impact. Buckle up! đ¨ď¸đŹIs this news a scam or some kind of rumor, and what do you think about this âď¸âď¸#BinanceSquareFamily #binancesuquare $ETH $BTC $SOL
If you are worried about the current drops in cryptocurrencies, I assure you there is no need to panic. What you are witnessing is a strategic phase of the market known as Wyckoff accumulation. This method is widely used by large investors or "whales" to accumulate assets at reduced prices from less experienced traders who mistakenly believe the market is heading for a major drop. Hereâs how it works: initially, the price falls significantly, creating fear and uncertainty. It briefly recovers, giving hope to traders, only to fall even further afterward. This pattern repeats, and each drop shakes the confidence of those holding the asset. Over time, the price steadily decreases until it reaches a crucial minimum point, often referred to as the "triple bottom." At this stage, many traders, who were once optimistic about the asset's potential, lose all hope and sell their holdings at a loss, believing that further decline is inevitable. However, this phase is not the end; it is the foundation for a strong upward trend. Whales take advantage of the pessimism to buy at these low prices. Once they have accumulated enough, the price begins to rise steadily, often resulting in a powerful recovery. The key lesson here is patience and perspective. Do not let fear make you sell your assets at a loss. This accumulation phase is a common strategy designed to manipulate emotions and transfer wealth from impatient traders to experienced investors. Stay calm, avoid impulsive decisions, and trust the process: this phase often lays the groundwork for a significant price increase.$BTC #binancesuquare #BinanceSquareFamily $BNB $SOL #BinanceTĂźrkiyeSquare'i