ELON MUSK UPDATE
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#Bitcoine slides below $100,000, Federal Reserve's Powell rejects bitcoin reserve.
On Friday, the price of bitcoin plunged to almost $92,000 before rebounding to more than $97,000, despite reaching a new all-time price high of more than $108,000 on Tuesday.
Part of the sell-off was catalyzed by Wednesday’s news that the Federal Reserve would not hold bitcoin in its reserve, prompting the world’s largest cryptocurrency to dip by 7%. We’re not allowed to own bitcoin,” Federal Reserve chair Jerome Powell said. “The Federal Reserve Act says what we can own, and we’re not looking for a law change. That’s the kind of thing for Congress to consider, but we are not looking for a law change at the Fed."
Overall, the global crypto market cap dipped by 1.2%, reaching $3.52 trillion, according to CoinGecko.
Ethereum, the world’s second-largest digital asset, also dropped by 10%, though it recovered Friday morning by reaching a price near $3,467. Meanwhile, Solana, the world’s sixth-most valuable cryptocurrency, with a market cap of $92 billion, is currently trading at $192 at the time of writing, after dropping 10%.
On Thursday, bitcoin exchange-traded funds (ETFs), which debuted this January, saw their first outflows in weeks, with $BTC $ETH seeing $650 million in outflows. Meanwhile, #Ethereum ETFs saw outflows exceeding $60 million.
With the upcoming holiday season on the horizon, some market analysts underlined that "mixed behavior" over Christmas and New Year was to be expected: "The first rule of bitcoin is that it is always volatile in the same way water is always wet," said James Toledano, Chief Operating Officer at Unity Wallet. "It’s behavior is always mixed and there is zero discernible pattern at the end of the year going into the next. Sometimes the price rises in the new year and at other times it falls. So, historically, we can say that bitcoin exhibits typically mixed behavior over Christmas and New Year."
$BTC
On Friday, the price of bitcoin plunged to almost $92,000 before rebounding to more than $97,000, despite reaching a new all-time price high of more than $108,000 on Tuesday.
Part of the sell-off was catalyzed by Wednesday’s news that the Federal Reserve would not hold bitcoin in its reserve, prompting the world’s largest cryptocurrency to dip by 7%. We’re not allowed to own bitcoin,” Federal Reserve chair Jerome Powell said. “The Federal Reserve Act says what we can own, and we’re not looking for a law change. That’s the kind of thing for Congress to consider, but we are not looking for a law change at the Fed."
Overall, the global crypto market cap dipped by 1.2%, reaching $3.52 trillion, according to CoinGecko.
Ethereum, the world’s second-largest digital asset, also dropped by 10%, though it recovered Friday morning by reaching a price near $3,467. Meanwhile, Solana, the world’s sixth-most valuable cryptocurrency, with a market cap of $92 billion, is currently trading at $192 at the time of writing, after dropping 10%.
On Thursday, bitcoin exchange-traded funds (ETFs), which debuted this January, saw their first outflows in weeks, with $BTC $ETH seeing $650 million in outflows. Meanwhile, #Ethereum ETFs saw outflows exceeding $60 million.
With the upcoming holiday season on the horizon, some market analysts underlined that "mixed behavior" over Christmas and New Year was to be expected: "The first rule of bitcoin is that it is always volatile in the same way water is always wet," said James Toledano, Chief Operating Officer at Unity Wallet. "It’s behavior is always mixed and there is zero discernible pattern at the end of the year going into the next. Sometimes the price rises in the new year and at other times it falls. So, historically, we can say that bitcoin exhibits typically mixed behavior over Christmas and New Year."
$BTC
Trump 2.0: Elon Musk, Vivek Ramaswamy point at #DOGE targets- Is it going to put jobs at risk? Check details.
Synopsis,
Donald Trump has picked Elon Musk for a role in government cost-cutting, as part of his drive to "dismantle bureaucracy when he returns to the White House next year. Musk picked alongside biotech investor Vivek Ramaswamy to lead #DOGE . The two have prepared a list of targets which #DOGE intends to do to save the costs of the US federal government.
Donald Trump's proposed new Department of Government Efficiency (#DOGE ) is already earning praise and criticism in the United States weeks before the president-elect's inauguration. Co-headed by Elon Musk and Vivek Ramaswamy, the two are dropping hints about how #DOGE will focus its efforts on trimming federal spending when the new administration takes over in January.
$BTC
$ETH
$XRP
Synopsis,
Donald Trump has picked Elon Musk for a role in government cost-cutting, as part of his drive to "dismantle bureaucracy when he returns to the White House next year. Musk picked alongside biotech investor Vivek Ramaswamy to lead #DOGE . The two have prepared a list of targets which #DOGE intends to do to save the costs of the US federal government.
Donald Trump's proposed new Department of Government Efficiency (#DOGE ) is already earning praise and criticism in the United States weeks before the president-elect's inauguration. Co-headed by Elon Musk and Vivek Ramaswamy, the two are dropping hints about how #DOGE will focus its efforts on trimming federal spending when the new administration takes over in January.
$BTC
$ETH
$XRP
Dogecoin Jumps on Fresh X Payments Speculations After Elon Musk Tweet.
DOGE has a history of moving on Musk comments or payments-related developments of his companies.
Dogecoin moving on Elon Musk tweet of Joe Rogan profile (Dogecoin Foundation).
Popular memecoin Dogecoin (DOGE) jumped 5%, returning to multi-year highs hit earlier this month following fresh speculations on Elon Musk-owned social app X's long-anticipated payments service.
Apparently triggering the move was Musk posting a screenshot of podcaster Joe Rogan's X profile. The post included a dollar icon that's different from the app's tipping service, one user noted in an X post, speculating that it might be for sending money as part of X Payments.
DOGE has a history of moving on Musk comments or payments-related developments of his companies.
Dogecoin moving on Elon Musk tweet of Joe Rogan profile (Dogecoin Foundation).
Popular memecoin Dogecoin (DOGE) jumped 5%, returning to multi-year highs hit earlier this month following fresh speculations on Elon Musk-owned social app X's long-anticipated payments service.
Apparently triggering the move was Musk posting a screenshot of podcaster Joe Rogan's X profile. The post included a dollar icon that's different from the app's tipping service, one user noted in an X post, speculating that it might be for sending money as part of X Payments.
🚀 Crypto #Predictions for 2025 by Bitwise
#Bitwise predicts a bright future for crypto, with $BTC potentially surging to $200K and major industry players seeing massive growth.
🔑 Key Highlights:
*/ Bitcoin to hit $200K, $ETH reaches record TVL levels, and Solana gains momentum from meme coin activity.
*/ Coinbase could join the S&P 500, and MicroStrategy might enter the Nasdaq-100 as Bitcoin surpasses 100K$.
*/ More countries may adopt Bitcoin reserves, with legislative proposals emerging globally.
*/ Stablecoin market could grow to $400B, driven by supportive US policies and Ripple's RLUSD launch.
Bitwise’s projections reflect current trends, signaling a bullish outlook for 2025! 🌟
$BTC Price Analysis#
#Bitwise predicts a bright future for crypto, with $BTC potentially surging to $200K and major industry players seeing massive growth.
🔑 Key Highlights:
*/ Bitcoin to hit $200K, $ETH reaches record TVL levels, and Solana gains momentum from meme coin activity.
*/ Coinbase could join the S&P 500, and MicroStrategy might enter the Nasdaq-100 as Bitcoin surpasses 100K$.
*/ More countries may adopt Bitcoin reserves, with legislative proposals emerging globally.
*/ Stablecoin market could grow to $400B, driven by supportive US policies and Ripple's RLUSD launch.
Bitwise’s projections reflect current trends, signaling a bullish outlook for 2025! 🌟
$BTC Price Analysis#
Predicting $BTC price in 2025 is highly uncertain as it depends on numerous factors, including market dynamics, global economic conditions, regulatory developments, and adoption rates. Here are key points to consider:
Factors That Could Increase Bitcoin Price:
1. Increased Adoption: Broader acceptance of Bitcoin as a digital asset by institutions and governments.
2. Halving Effect. Bitcoin next halving is expected in 2024, reducing mining rewards and potentially driving scarcity in 2025.
3. Inflation Hedge: If traditional fiat currencies lose value due to inflation, Bitcoin could attract more investors.
4. Technological Advancements: Improvements in $BTC scalability and ecosystem could boost its appeal.
Factors That Could Decrease Bitcoin's Price:
1. Regulatory Crackdowns: Negative regulations or outright bans in major economies.
2. Global Economic Instability: A major financial crisis could reduce speculative investments like $BTC .
3. Competition from Altcoins: Growing adoption of other cryptocurrencies could divert interest from $BTC .
4. Market Sentiment: Prolonged bearish trends or loss of confidence in crypto markets.
Conclusion:
While many analysts predict growth due to historical patterns and the halving cycle, the cryptocurrency market is highly volatile and unpredictable. It's essential to conduct thorough research, diversify your investments, and only invest what you can afford to lose.
Factors That Could Increase Bitcoin Price:
1. Increased Adoption: Broader acceptance of Bitcoin as a digital asset by institutions and governments.
2. Halving Effect. Bitcoin next halving is expected in 2024, reducing mining rewards and potentially driving scarcity in 2025.
3. Inflation Hedge: If traditional fiat currencies lose value due to inflation, Bitcoin could attract more investors.
4. Technological Advancements: Improvements in $BTC scalability and ecosystem could boost its appeal.
Factors That Could Decrease Bitcoin's Price:
1. Regulatory Crackdowns: Negative regulations or outright bans in major economies.
2. Global Economic Instability: A major financial crisis could reduce speculative investments like $BTC .
3. Competition from Altcoins: Growing adoption of other cryptocurrencies could divert interest from $BTC .
4. Market Sentiment: Prolonged bearish trends or loss of confidence in crypto markets.
Conclusion:
While many analysts predict growth due to historical patterns and the halving cycle, the cryptocurrency market is highly volatile and unpredictable. It's essential to conduct thorough research, diversify your investments, and only invest what you can afford to lose.
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Binance Announcement
--
Binance Square Task Center: Complete Daily Tasks to Unlock a Share of $30,000 in BNB and Earn Binance Points
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $30,000 in BNB token rewards and earn Binance Points.
Activity Period: 2024-11-27 06:00 (UTC) to 2024-12-03 06:00 (UTC)
How to Participate
Users can access the Task Center from the Creator Center on Binance Square. Please note, Task Center is only available on the Binance App.
Complete Daily Tasks to Earn a Share of the $30,000 BNB Reward Pool and Binance Points
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks:
Check in to Binance Square daily.*Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes:
Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours. Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
TasksPoint(s) Awarded per Eligible User per DayCheck in to Binance Square daily*1*3 points will be awarded to users who check in daily on the 7th consecutive day. Create a post with the limited-time hashtag OR selected trading pair 5
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked Questions
Terms & Conditions
This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right of final interpretation of this Activity.Additional Activity terms and conditions can be accessed here.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-11-27
Fellow Binancians,
Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $30,000 in BNB token rewards and earn Binance Points.
Activity Period: 2024-11-27 06:00 (UTC) to 2024-12-03 06:00 (UTC)
How to Participate
Users can access the Task Center from the Creator Center on Binance Square. Please note, Task Center is only available on the Binance App.
Complete Daily Tasks to Earn a Share of the $30,000 BNB Reward Pool and Binance Points
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks:
Check in to Binance Square daily.*Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes:
Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours. Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
TasksPoint(s) Awarded per Eligible User per DayCheck in to Binance Square daily*1*3 points will be awarded to users who check in daily on the 7th consecutive day. Create a post with the limited-time hashtag OR selected trading pair 5
About Binance Square
Binance Square, formerly known as Binance Feed, aims to be the one-stop social platform for the latest trends in Web3. With a vast selection of content from renowned crypto experts, avid enthusiasts and trusted media sources, the platform serves as a bridge between content creators and their followers, customizing users’ feeds based on their respective engagement history.
For More Information
What Is Binance Square and Frequently Asked Questions
Terms & Conditions
This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.Binance reserves the right of final interpretation of this Activity.Additional Activity terms and conditions can be accessed here.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-11-27
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Binance Square Official
--
The BNB Chain ecosystem is experiencing renewed energy, with several projects making significant moves. Which BSC tokens do you think will stand out in the coming days?
Create a post with ##BSCOnTheRise or the $BTC Coinpair to unlock a share of $30,000 in BNB rewards and earn Binance points.
You can include the following:
-New and emerging projects on the BNB Chain that show promise.
-Decentralized finance (DeFi) projects thriving on the BNB Chain.
Don’t forget to Check-in at the Square task center for your participation to count. (Creator Center > Check-in)
More campaign details here.
Create a post with ##BSCOnTheRise or the $BTC Coinpair to unlock a share of $30,000 in BNB rewards and earn Binance points.
You can include the following:
-New and emerging projects on the BNB Chain that show promise.
-Decentralized finance (DeFi) projects thriving on the BNB Chain.
Don’t forget to Check-in at the Square task center for your participation to count. (Creator Center > Check-in)
More campaign details here.
$95,000 $USDT AirDrop to celebrate #HamsterKombat Token Listing On #Binance🎉🎉
Like + Repost ✅✅
Must Join:-
https://t.me/hAmster_kombat_bot/start?startapp=kentId7366567882
Drop your #TON wallet👇and check in 7
Hours⏰⏰
Be aggressive drop your #Ton wallet fast and Retweet Now!!🔁🔁
#HamsterKombat #hamster
Like + Repost ✅✅
Must Join:-
https://t.me/hAmster_kombat_bot/start?startapp=kentId7366567882
Drop your #TON wallet👇and check in 7
Hours⏰⏰
Be aggressive drop your #Ton wallet fast and Retweet Now!!🔁🔁
#HamsterKombat #hamster
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