Exciting times in the crypto world 🤩🚀MEME COIN is making a new waves with the current #MARKET CAP of $314,000M 📊
Stay tuned for more updates! 💰💻 #Bitcoin #Ethereum #Dogecoin"##CryptoMarketShare #BTC #Ethereum2024 #DOGEUpdate #Coinmerketcap

**Binance's Market Share Declines to 44.5% in 2023:** According to Kaiko data, Binance's market share dropped to 44.5% in 2023, marking a 15.5 percentage point decline from its peak of 60%. This decline followed Binance's withdrawal from several European countries and regulatory challenges, including sanctions from the U.S. Commodity Futures Trading Commission (CFTC), the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN), and the Office of Foreign Assets Control (OFAC). Despite these setbacks, Binance managed to onboard 40 million new users in 2023. 📉🌍💼 #Binance #CryptoMarketShare

📉 Crypto Market Selloff: Here’s Why BTC, ETH, SOL, XRP, LUNC Falling Today 📊🔻

The crypto market experienced a widespread selloff on Friday, leading to a 4% dip in the global market cap to $1.61 trillion. The aftermath of Friday's expiry wreaked havoc on traders and investors, resulting in nearly $250 million liquidated over the last 24 hours. Let's delve into the reasons behind the fall and its impact on major cryptocurrencies.

1. Bitcoin Takes a Hit: Rapid Plunge and Put-Call Ratios!

Bitcoin's price plummeted from $42,720 to a low of $40,631 within hours, marking a 4% decline. Altcoins like Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA) also witnessed a 3-7% drop in a short span.

📅 Friday’s Expiry and Options Impact:

Traders foresaw a major liquidation post the spot Bitcoin ETFs listings, keeping the market stagnant throughout the week.22,000 BTC options with a notional value of $890 million set to expire on January 19, with a put-call ratio of 1.1. The max pain point at $44,000 indicated selling pressure.BTC price currently trades at $41,419.

2. Ethereum and Altcoins Face Pressure: Options Expiry and Liquidations!

ETH options with a notional value of $520 million are set to expire, with a put-call ratio of 0.55. The max pain point is $2,500, higher than the current price of $2,469. ETH price dropped 3% in the last 24 hours.

📉 Massive Liquidation and Market Impact:

Coinglass data revealed a significant $250 million liquidation on January 19, affecting over 103K traders.Largest single liquidation on Binance's BTCUSDT worth $7.31 million, contributing to the broader market selloff.

3. Macro Factors Influencing the Market: USD Strength and Treasury Yields!

A strong US dollar exerted selling pressure on Bitcoin, with the US dollar index (DXY) rising above 103.50.U.S. 10-year treasury yields surged above 4%, further impacting Bitcoin.

🌐 For real-time insights and updates, follow The Blockopedia!

#CryptoMarketShare #CryptoMarketImpact #trendingtoday #cryptocurrency #crypto2024

Waited for $TIA to cross $16 and it finally did it!

My next target is $18 and this year I am bullish on $TIA

It will surely be three digits in 2024!

#TIA #Crypto #CryptoCommunity #CryptoMarketShare #celestia