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#BinanceLaunchpool #BlackRock #btc70k Darknet Market Owner Arrested in New York: FBI Cracks Case with Cryptocurrency Trail 🚔 A 23-year-old man, Rui Xiang Lin (aka "Faron"), has been arrested at JFK Airport and charged with running a $100 million darknet drug market, Incognito Market. 🤯 The FBI traced cryptocurrency transfers to reveal Lin's true identity, linking him to the illegal online platform. 💻 According to Manhattan prosecutors, Lin received funds from the market's wallet to a personal exchange account, exposing his involvement. 📊 FBI task force officer Mark Reubens testified that the cryptocurrency trail led directly to Lin, connecting the dots between the darknet site and his exchange account. 💸 Lin faces federal charges, marking a significant victory in the fight against darknet criminal activity. 👮♂️
Here is the top news of the week 👇 🔔#Binance Founder Changpeng Zhao (CZ) sentenced to 4 months in prison 🔔#Bitcoin 💰 fell below $57k and returned to above $64k 🔔Federal Reserve pauses interest rate hikes, remains at 5.25% - 5.50% 🔔Coinbase officially integrates Bitcoin Lightning Network 🔔 US House Financial Services said "classifying ETH as a security contradicts previous statements of the SEC and Chair Gensler" 🔔$4.8 trillion asset manager Fidelity said pension funds are exploring Bitcoin and #Crypto 🔔Europe's second-largest bank, BNP Paribas, buys BlackRock spot Bitcoin ETF shares 🔔US PayPal users can now purchase $SOL , $ADA , $DOT , $LINK , $SHIB and $DOGE through MoonPay 🔔BlackRock said sovereign wealth funds, pension funds, and endowments will trade spot Bitcoin ETFs soon 🔔Tether reports record-breaking profit of $4.52 billion for Q1 2024 🔔SEC has been investigating Ethereum since March 2023, new court filing reveals 🔔The EIGEN foundation announces to airdrop 100 more $EIGEN tokens to 280,000+ wallet holders following community backlash 🔔Pantera Capital announces investment in TON blockchain
What if Someome Told You Exact Bitcoin Movement? Just Imagine, Someone Tells you Where will BTC Go Exactly and Where Will Altcoins Move. Wouldnt You Make Alot of Profit?. Mark My Words, Bitcoin Will Reach 72k in Upcoming Days and The Best Time to Buy is Right Now.If You Want to Make Profit With it Make Sure to Follow us on Our Socials For Free Crypto Predictions and Expert Anlysis. Social(All) 🆓️🚦: @Crypto_Classics31 #altcoins #BlackRock #buythedip #BTC #BullorBear #altcoins #BlackRock
$BTC $SOL $ETH #BinanceLaunchpool #bitcoinhalving #Memecoins #Bitcoin Or #Altcoins #Saga coin Buy or Sell ? 😲🌄 What should we do❓ Read Fully My statemen✍️ Bitcoin #Btc Bullish or Bearish ? 📌Read this article carefully, inshallah, I hope you guys will understand and you will also understand what decision you have to make about this bitcoin. A lot of people want to know about bitcoin if it will go up or down but I would argue that if the war between Iran and Israel had lasted longer then maybe bitcoin would have gone down a bit but because Iran has It has been said that he no longer has to fight, he has taken his revenge and given the answer that he had to give, so now I think that Bitcoin will move upwards, which will be towards a new high. So it can't be said for sure because now any other kind of issue can arise due to which the market can fall further. We will have to wait and then the result will come before us that if we have to do it and how to do it and we will understand what the real goal of bitcoin can be next, so please also my next one. Will read the post carefully, inshAllah, I hope you will benefit a lot if you understand that we will benefit only by waiting. Assalam . u Alaikum
Cryptocurrency phenomenon who lost 1 million dollars in one night: 'Life is over for me,' he said. 🔥 In the ever-evolving world of cryptocurrencies, the allure of quick riches often overshadows the risks involved. Recent events serve as a stark reminder of the dangers lurking in the shadows of the crypto market, particularly for those enticed by leveraged trading. Meet "Crypto Nerd," a pseudonymous figure whose journey through the highs and lows of crypto trading serves as a cautionary tale. Despite years of experience in the crypto realm, "Crypto Nerd" found himself on the wrong side of a leveraged trade, resulting in a staggering loss of over $1 million overnight. Imagine waking up to the harsh reality of your entire investment evaporating into thin air. With only a mere $1,000 left in his bank account and debts surpassing $1 million on the crypto exchange, "Crypto Nerd" faced a daunting uphill battle. Despair engulfed him, leaving him feeling isolated with only his mother as a confidant. This unfortunate incident underscores the inherent volatility of crypto trading, especially when leveraged positions come into play. It serves as a stark reminder of the perils of speculative trading without adequate risk management measures in place. Emotional turmoil and financial ruin often accompany such high-stakes endeavors. While cryptocurrencies hold promise as a lucrative investment avenue, exercising caution is paramount. Education, diligent risk management, and responsible trading practices are indispensable tools for navigating the treacherous waters of the crypto market. The saga of "Crypto Nerd" serves as a poignant reminder of the importance of prudence and foresight in the realm of digital assets. In a world where fortunes can be made or lost in the blink of an eye, let "Crypto Nerd's" ordeal serve as a beacon of wisdom for all crypto enthusiasts. Remember, the path to wealth accumulation in the crypto sphere is fraught with peril, but with vigilance and discipline, success can be within reach. #CryptoNerd #bitcoinhalving #BullorBear Share with friends now
$BTC $BTC ‼️‼️‼️ DON'T PANIC, WHAT'S HAPPENING RIGHT NOW IS VERY NORMAL ‼️‼️‼️ 💲Hello folks, 💲As you can see, the entire market is experiencing a downturn, especially BTC, and almost all markets are following suit. There are only two reasons for this concerning today. 💲Firstly, the tension between Iran and Israel has prompted many people to sell their assets, especially in the Middle East region. Additionally, the Bitcoin halving event is contributing to the market volatility. Historically, Bitcoin has experienced a drop of 25-40% before the halving, followed by a surge and reaching an all-time high price after the halving. Therefore, if you are already holding any coins, DO NOT SELL. Instead, wait for the surge. After the halving, everything should return to normal, and we can expect to see all coins pumping (with exceptions, of course). So, DON'T PANIC AND WAIT. 💲In case you are considering investing, NOW IS THE RIGHT TIME to do it. However, remember that in spot trading, PATIENCE is key, and NEVER sell at a loss. HOLD and WAIT, BUY in the DIPS, and SELL with profits. That's how everything works in spot trading. 💲STAY STRONG AND SAFE. 💲Follow for more information and signals @TWINS_TULIP #TwinsTulip $BTC #BinanceLaunchpool #bitcoinhalving
The Fed is going to hold out on rate cuts longer than we think, a John Hancock strategist said.
Consumer spending and market momentum are strong, while elevated rates haven't created meaningful cracks in the economy.
"We're seeing riskier areas like crypto-related stocks and AI darlings' momentum taking hold in the market."
There are two forces playing tug-of-war with the US economy right now.
On one side, there's the elevated interest rates that have made borrowing money a lot more expensive. On the other side is momentum — the hype that's been pushing up the stock market and the cash that keeps flowing out of consumers' wallets.
Right now momentum is winning, which means rates will remain right where they are for a while longer.
"It looks to us like the Fed's going to have to remain on hold longer than any of us expected," John Hancock's Emily Roland said in a CNBC interview on Thursday.
A Fed that loosens monetary policy when the economy is already running hot may risk heating things up even more. Jerome Powell will cut rates when something begins breaking, but everything is holding up pretty well so far, Roland said.
"We're seeing this mixed picture where we're having his Fed tightening really not create some meaningful cracks in the economy yet, or the labor market," she said. "One of the reasons for that is that we're continuing to spend."
Last month's consumer spending data showed Americans capped off the year by splurging another $133.9 billion. Those "YOLO spenders" are fueling growth and driving the strength of the US economy. And the flurry of cash is also being fed into the stock market.
"In fact, we're seeing momentum pervading across the market," Roland said. "We're seeing riskier areas like crypto-related stocks and AI darlings' momentum taking hold in the market."
Bitcoin's price has punched past $51,000 to levels last seen in 2021, rallying regardless of hiccups in the stock market like Tuesday's pullback after a hot CPI report. It's the same with tech stocks like Nvidia, up 53% this year alone as part of a breathless ascent acrossaca
Crypto Experts Are Refusing to Work for US SEC, The Reason Will Surprise You The US SEC outlined its recruitment in regulating the crypto space as experts says they cannot give up their crypto holdings The US SEC has made a negative impression on the public as several crypto experts have turned down offers to work with the regulator.
Crypto Vacancies at the US SEC Remain Unfilled Markedly, the U.S. SEC currently has some Crypto Assets Specialist vacant positions in its office but it has needed some help in filling these vacancies.
According to the “2023 SEC OIG Management and Performance Challenges” report, as of September 30, 2023, a total of 491 out of the 5,303 authorized positions in the SEC’s office were yet to be filled. Unsurprisingly, this has been a trend with the regulator in the last four years as the vacancy rate has continually increased.
Following the discovery of some gaps in the regulation of crypto activities in the U.S., as reported by the Financial Stability Oversight Council (FSOC) and the Government Accountability Office (GAO), filling these current openings at the SEC are now part of the regulator’s plans for the next fiscal year.
The core offices of interest to the SEC are the Division of Examination, Trading and Markets, and Enforcement. The U.S. SEC wishes to fill these positions to address critical and evolving risks associated with crypto assets. Also, the Office of the General Counsel and the Office of International Affairs are looking to recruit experts whose focus will be mainly on crypto regulations and policy matters.
#BTC #BullRun #Ledger $BTC $ETH $BNB Crypto Experts Are Refusing to Work for US SEC, The Reason Will Surprise You The US SEC outlined its recruitment in regulating the crypto space as experts says they cannot give up their crypto holdings
The US SEC has made a negative impression on the public as several crypto experts have turned down offers to work with the regulator.
Crypto Vacancies at the US SEC Remain Unfilled Markedly, the U.S. SEC currently has some Crypto Assets Specialist vacant positions in its office but it has needed some help in filling these vacancies.
According to the “2023 SEC OIG Management and Performance Challenges” report, as of September 30, 2023, a total of 491 out of the 5,303 authorized positions in the SEC’s office were yet to be filled. Unsurprisingly, this has been a trend with the regulator in the last four years as the vacancy rate has continually increased.
Following the discovery of some gaps in the regulation of crypto activities in the U.S., as reported by the Financial Stability Oversight Council (FSOC) and the Government Accountability Office (GAO), filling these current openings at the SEC are now part of the regulator’s plans for the next fiscal year.
The core offices of interest to the SEC are the Division of Examination, Trading and Markets, and Enforcement. The U.S. SEC wishes to fill these positions to address critical and evolving risks associated with crypto assets. Also, the Office of the General Counsel and the Office of International Affairs are looking to recruit experts whose focus will be mainly on crypto regulations and policy matters.
Ethereum Price Under Pressure As $400 Million Of Open Interest Wiped Out Ethereum recorded $400 million of open interest wiped out in a day after $600 million OI in the last few days, exerting selloff pressure.
Ethereum price surpassed $1900 for the first time after August, rising more than 16% in a month. This comes as Bitcoin takes a breather near $35K and altcoins take the lead. While the market sentiment remains positive, ETH price is under pressure as millions of open interest (OI) have been wiped out after a significant increase last week.
Ethereum $400 Million Of Open Interest Wiped Out “Ethereum catches my eye on this Sunday. The Open Interest (OI) has increased by +$600m over the last days. This will be volatile very soon,” said on-chain crypto analyst Maartunn. Traders anticipate ETH to hit $2000 as Bitcoin price holds $35K strongly.
Maartunn on November 6 noted that $400 million of OI wiped out in a day, giving up mostly all gains in OI in the last few days. As a result, the ETH price is under pressure, probably for a pullback or a correction. With the market sentiment positive, a correction is unlikely. However, a retracement is most likely.
In addition, there are many ETH moves to crypto exchanges by whales amid altcoins’ recovery. A selloff by whales is typically considered a bullish move, but keep an eye on trading volume for an invalidation of a correction.
CoinGape Markets reported that a bearish breakdown channel pattern would set the price for a 16% drop. Ethereum has experienced heightened volatility near the $1830 level, proving to be a formidable resistance.
ETH price fell 1% in the last 24 hours, with the price currently trading at $1,877. The 24-hour low and high are $1,863 and $1,911, respectively. Furthermore, trading volume has increased by 42% in the past 24 hours
#BullRun #BTC #Ledger $BTC 21Bitcoin Secures €2.1 Mln Funding To Boost Bitcoin Financial Services
German Banking Titan invested €2.1 Million in Bitcoin Financial service 21Bitcoin, which visions better experience for users in Europe.
Platform providing Bitcoin financial services, 21Bitcoin secured a huge funding of €2.1 Million. The funding was made by German Banking Titan Volksbank Raiffeisenbank Bayern Mitte eG,
On November 6, 21Bitcoin took to Twitter and shared the update officially, confirming the funds from one of Germany’s most established banks.
Volksbank Raiffeisenbank Bayern Mitte Believes in Potential of 21Bitcoin Expressing optimism about the huge €2.1 Million funding, the German Banking said, they have faith in FIOR Digital GmbH, the company behind the Bitcoin financial service platform 21Bitcoin.
In a press release, the investors said, that 21bitcoin has proved itself and holds a success story, attracting a generation of customers in Europe. They said, the company offers a platform for Bitcoin, which is significantly not similar to other platforms, as it provides a simpler, more humane, and better user experience and maintains the needs of their customers.
Meanwhile, excited about the funding, the 21Bitcoin app shared a post on X, highlighting their vision of planned growth and the use of funds for customer service enhancement.
The 21Bitcoin said, that with this strategic partnership, they will not only enhance the experience for users but also educate the people of Europe about the use of Bitcoin, which is rising in the market efficiently. The company has a strategic plan which is expected to be rolled out in the next two months, to rule the Bitcoin market, confirmed the tweet shared by 21Bitcoin.
#BTC #etf $BTC Crypto Prices Today: BTC Slips As Pepe Coin, NEO Aid Market Gains
The crypto prices today were mixed at the start of the week, indicating that investors are still putting their bets on the riskier assets. Meanwhile, the recent positive momentum in the market is accompanied by several positive catalysts like speculations over Bitcoin Spot ETF approval and, the Fed pausing the interest rate hikes, among others.
It seems that the investors have regained confidence in the digital assets space, as witnessed by the recent market bull run. However, the volatility still hovers around the market, especially with the fear and greed index suggesting a greed scenario in the market. Notably, as of writing, the crypto market sentiment was at 73.
In the crypto prices on Monday, November 6, Bitcoin price fell 0.92% over the last 24 hours to $34,915.77, while its one-day volume surged 21.36% to $12.36 billion. On the other hand, the market cap of the crypto fell 0.85$ to $682.16 billion.
In addition, the Ethereum price also noted a slump of 0.12% to $1,881.74 during writing, while its volume soared 56.87% to $8.51 billion from yesterday. In contrast, the XRP price was among the top percentage gainers in today’s session, gaining 8.92% to trade at $0.681 during writing. Its volume over the past 24 hours skyrocketed 132.02$ to $2.27 billion.
However, the Solana price decreased by 4.16% to $40.38, with its volume declining 34.09% to $854.61 million. On the other hand, the Cardano price witnessed gains of 3.10% to $0.3441 and its volume advanced 61.49% from yesterday to $323.34 million.
The investors seem to have shifted their focus on the meme coin segment, bolstering gains in the top cryptos from the category. The Dogecoin price surged 2.20% to $0.07136, with its volume skyrocketing 119.52% to $490.55 million. Simultaneously, the Shiba Inu price noted gains of 1.19% to trade at $0.000008113, while its volume from yesterday rose 78.08% to $194.23 million.
Despite a mixed sentiment in the market, as seen by the crypto prices of the major players.
#BTC SHOULD YOU HOLD BITCOIN? $BTC $ETH $BNB #BTC Bitcoin brought seasonal cheer to investors when its price gathered pace and broke records in December 2017. The heady run-up in its price had bitcoin enthusiasts making wild forecasts about its price down the line. Their prognoses were much gloomier in March and April 2018. The cryptocurrency's price was down by more than two-thirds from its December 2017 high and dropped to $3,237 by December 2019—a decrease of roughly 83%. On Nov. 11, 2021, Bitcoin reached an all-time high of $68,789 before ending the day at $64,995. Two years later, the cryptocurrency's end-of-day price was close to $34,700 after spending some time in the $25,000 range.
So, bitcoin is well-known for its wild price fluctuations—volatility that investors have come to expect. But that doesn't make it any less anxiety-inducing when money is involved. Bitcoin's price movements sometimes force investors to reconsider their opinions and positions. Here's a brief recap of the bull and bear cases for bitcoin.
The Bear Case for Bitcoin A steady stream of hacks and scandals from within the cryptocurrency ecosystem has ensured that the currency's reputation as a venue for criminal activities persists. There have been many prominent examples, from Silk Road to the FTX Exchange scandal. Bitcoin investors have appeared to take it all in stride, continuing to trade during massive price spikes and drops.
Regulators and economists around the world have added to the pressure by criticizing bitcoin in public forums. Their stance has made governments wary of bringing bitcoin under legal cover. Globally, regulatory agencies have introduced or are developing laws regarding cryptocurrencies and crypto-assets, fueling the bullish stance that cryptocurrency is on its way down.
Senator Cynthia Lummis (R-WY) is not a fan of the Securities and Exchange Commission's crackdown on the cryptocurrency industry. Now she is vowing to block one of the agency's controversial new crypto policies.
"I think the SEC is overreaching,” she said during a wide-ranging interview with Yahoo Finance this week.
The SEC is in the middle of an aggressive effort to rein in the crypto industry on a number of fronts, with lawsuits pending against a number of big players including Coinbase and Binance.
One of its policies that affects the industry — issued in March 2022 as "Staff Accounting Bulletin 121" — asks that any financial firms holding customers' crypto assets do so on their own balance sheets while warning investors about the risks of safeguarding those assets. The GAO said this week that the SEC should have sent this policy guidance to Congress for its approval.
Lummis now vows to block it from becoming binding, citing it as another example of overreach by the SEC. Lummis, who believes she can garner support for this effort in next few weeks in the Senate and the House, says the bulletin could hurt consumers if a digital asset custodian were to collapse.
"It's not a common-sense rule," Lummis told Yahoo Finance LIVE in an interview. "It was issued as a staff bulletin, but the bulletin is binding."
Lummis said she is working on other fronts to provide the crypto industry with more clarity in Washington, including a sprawling piece of crypto legislation co-sponsored with Senator Kirsten Gillibrand (D-NY) that would outline how the sector is regulated