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$BTC Bitcoin had touched an all-time high (ATH) above 109,000 US dollars (around Rp1.77 billion, exchange rate of Rp16,328 per US dollar) shortly before Donald Trump's inauguration as the 47th US president. However, when Trump's inauguration speech did not mention crypto, the price of Bitcoin was corrected to approach the level of 100,000 US dollars (around Rp1.63 billion). In fact, the momentum of the inauguration of US President-elect Donald Trump is one of the events anticipated by crypto investors. This is due to the closeness between Trump and several industry players and pro-crypto figures as well as the plans of the government under his leadership that will further support the growth of the crypto industry and market in the future.
#BTCBreaksATH However, Trump's policy was not without controversy. Ahead of the inauguration, Trump's team launched meme coins such as OFFICIAL TRUMP (TRUMP) and Melania Meme (MELANIA). Both coins were in the spotlight because they were considered a pump-and-dump scheme by a number of market participants, although the price skyrocketed, with TRUMP soaring 30.88% and MELANIA rising 60.42% on January 20.
In addition, the decentralized financial sector (DeFi) supported by Bitcoin is also experiencing rapid development. In 2024, this sector recorded a 2,000% jump and now has a Total Value Locked (TVL) of US$6.5 billion (around Rp105.3 trillion), with the Bitcoin Staking protocol Babylon accounting for 80% of the total TVL.
The increase in the price of Bitcoin has also made altcoins recover. The fresh return of Bitcoin cs not only provides benefits to traders and investors but there are also those who are liquidated with short positions in futures trading.
Brothers, during the market cleansing process, all the information is to cooperate with the market to clean up, so when it is time to receive the goods, receive the goods, and when it is time to get on the bus, get on the bus.
📢 $CGPT is now available on Binance 🔥🚀 #ChainGPT is a leading provider of AI-powered tools for the blockchain and Web3 industries. It emerged as a project that aims to bridge the gap between blockchain technology and AI, creating innovative solutions for the Web3 ecosystem. The price of $CGPT increased by 75% and reached a peak of 110% at $0.46 after being listed on #Binance They will be revealing a new AI agent very soon! Congratulations #CGptBinance 🎉 🔥 #CryptoNews #newlistings #BinanceAlphaAlert $CGPT
📢 $CGPT is now available on Binance 🔥🚀 #ChainGPT is a leading provider of AI-powered tools for the blockchain and Web3 industries. It emerged as a project that aims to bridge the gap between blockchain technology and AI, creating innovative solutions for the Web3 ecosystem. The price of $CGPT increased by 75% and reached a peak of 110% at $0.46 after being listed on #Binance They will be revealing a new AI agent very soon! Congratulations #CGptBinance 🎉 🔥 #CryptoNews #newlistings #BinanceAlphaAlert $CGPT
$BTC Two lines intertwined, the average price line started to rise 1. The previous day closed positive, today opened high, most people think that it will not rise or will fall back. 2. When the time-sharing line rises, a large amount of money is suddenly released, which can be easily distinguished from the volume column. Large funds begin to pull up, which is a very important condition. It is necessary to admit that the results are unpredictable There are many factors that affect prices. Even if you can fully understand the bullish and bearish factors in the market, they are introduced into the price system at different times and in different ways, and their roles are also different! This is also one of the reasons why the results cannot be determined and predicted, so the best method is to admit the limitations of cognition and confirm the existence of a single causal relationship, and then taste the strength and weakness of the market and listen to the voice of the market! Continuously correct the remaining possibilities.
Take advantage of this round of decline to quickly deploy the following strong currencies! Get to the peak of the bull market and achieve financial freedom!
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Recommendations for popular sector currencies: 1️⃣ETH: King of public chains, first choice for bottom-fishing and fixed investment 2️⃣BNB: Platform currency, second choice for fixed investment 3️⃣Ethereum 2.0 pledge leader: SSV, LDO 4️⃣Layer2 leader: MATIC, OP 5️⃣DeFi lending leader: AAVE, COMP 6️⃣DeFi oracle leader: LINK 7️⃣DEX leader Leader: UNI, DYDX 8️⃣Cross-chain leader: DOT, ATOM 9️⃣AI leader: AGIX, SNX 🔟NFT leader: DEGO, BAKE 11. Web3 leader: ENS, AR 12. Game leader: SAND, MANA
Market Overview USUAL has faced significant selling pressure, with the price down 19.36% in the last 24 hours. The token is trading near its 24-hour low of $0.5568, indicating weak momentum and potential bearish continuation.
Technical Indicators Moving Averages (MA & EMA): Price trading below key averages, signaling a bearish trend. Bollinger Bands: Wide range; price near the lower band, showing oversold conditions. SAR (Stop and Reverse): Bearish; dots above the price action.
Outlook Bearish Scenario: A breakdown below $0.5568 could lead to further declines, testing $0.5286 or lower. Bullish Scenario: A bounce from current levels and a break above $0.6053 may signal recovery.
Advice Monitor closely for potential consolidation near the $0.5568 level.
Follow for more updates @Flame Talks
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Gain insight into the latest information in the cryptocurrency world and grasp market trends!
Summarize the latest and most comprehensive cryptocurrency news: 1. Morgan Stanley: The US non-farm payrolls report should reduce the likelihood of a near-term Fed rate cut 2. AI company Zenith announced that former CTO AI Agent "Byte" will take over as CEO 3. Goldman Sachs: The Federal Reserve is expected to cut interest rates by 25 basis points at its June and December policy meetings respectively 3. New Hampshire proposes a bill to establish a “Strategic Bitcoin Reserve” 4. Citigroup: The next Fed rate cut is expected to be in May, compared with January previously. 5. Sam Altman’s World project completes 10 million human verifications 6. 110 million USDT transferred from Cobo to Binance (bottom-picking signal)
😇 Shorting BNB involves borrowing Binance Coin at its current price, selling it, and buying it back later at a lower price to profit from the difference. This strategy is typically used by traders who anticipate a price drop.
How to Short BNB: 1. Choose a Platform: Use exchanges like Binance, Bybit, or BitMEX offering margin trading or futures. 2. Leverage Margin/Futures Trading: Borrow BNB or use derivatives to sell BNB at a higher price. 3. Monitor the Market: Track price trends and use stop-loss orders to minimize risk.
Risks: • Losses are unlimited if BNB’s price rises. • Requires technical analysis and market timing.
Shorting is for experienced traders and requires understanding market volatility. Always trade responsibly 😍
Brothers, the price of Bitcoin will return to above 104,500 around the 20th to 25th, and it is expected to hit 110,000 US dollars by the end of the month. I just want to ask you whether you believe it or not. Just do it if you are optimistic about it. . .
$BTC Bitcoin has seen a significant decline over the past two days. For context, during Tuesday’s intraday trading session, the leading cryptocurrency briefly hit a high of $102,735. Unfortunately, selling activity soon picked up, causing the token’s price to plunge. At the time of writing, BTC is trading at $93,419.
As more Bitcoin miners dump their BTC to prevent further losses, the amount of BTC held in miner wallets has also continued to decline. It currently stands at 1.79 million BTC, down 0.005% since January 2.
#NFPCryptoImpact Binance Square See original How does the US jobs report (NFP) affect the cryptocurrency market? Abdelsattar Gamea 3h #NFPCryptoImpact
The US Non-Farm Payrolls Report, commonly known as NFP, is a monthly report that reflects the number of jobs added or lost in the non-farm and non-government sectors in the United States. This report is one of the most prominent indicators of the health of the US economy and is usually released on the first Friday of each month.
Importance of NFP Report and its Impact on Traditional Markets
Job growth: If the report shows a significant increase in the number of jobs, it indicates a strong US economy, which leads to a boost in the value of the dollar and stocks.
Job decline: If the report shows weakness in the labor market, it could indicate a potential economic slowdown, which would negatively impact traditional markets.
Indirect impact on the cryptocurrency market
Although the NFP report does not directly affect cryptocurrencies, its impact is felt in indirect ways:
1. Increase investment appetite:
If the report is positive, investors feel more confident and tend to increase their investments, including in the cryptocurrency market.
#OnChainLendingSurge Bitcoin’s recent surge past the $100,000 mark is no small feat, considering 18 months ago many pundits thought the industry was dying or would fade into obscurity. Despite Bitcoin hitting $108,000 in December before falling to under $95,000, one need only look at its price on January 1, 2024 ($42,500) to see just how far the original cryptocurrency has risen.
Rising crypto prices aren’t simply a reflection of the asset class’s usual ebbs and flows, but rather the result of a matured industry ready for growth. As 2024 winds down, decentralized finance’s (DeFi) total value locked (TVL) has increased to over $125 billion, while intriguing AI use cases and real-world asset (RWA) tokenization highlight crypto’s growth.
#CryptoMarketDip The post Why the Crypto Market Is Crashing Today: Key Factors Behind the Drop appeared first on Coinpedia Fintech News
In the last 24 hours, the cryptocurrency market has witnessed a damaging drop of 7.9%. Almost all the major cryptos have suffered the impact of the overall crypto market decline. Importantly, yesterday, the altcoin market sharply declined from $1.49T to $1.38T. The latest crypto trend bearish turn is seen as a consequence of the US market downfall and the strengthening of the US dollar against major currencies. Yesterday, the S&P 500 index slipped from around $5,993.96 to $5,909.02. However, experts believe that the bull trend in the crypto market remains intact. Is now the time to buy into Bitcoin’s