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BitMEX Flash Crash: Bitcoin Plummets to $8,900 Against USDT Stablecoin Amidst a flurry of trading activity, the price of Bitcoin against Tether’s USDT stablecoin experienced a dramatic plunge to as low as $8,900 on BitMEX late Monday, starkly contrasting with its valuation above $66,000 on other platforms. However, the cryptocurrency swiftly rebounded on the exchange, reaching $64,284 by 4:10 p.m Singapore time. BitMEX promptly launched an investigation into the incident and disclosed findings pointing to "aggressive selling behavior" by a limited number of accounts, surpassing expected market parameters. Notably, the exchange assured users that its systems remained operational, emphasizing the safety of all user funds. Following the sudden selloff, a Twitter user with the handle @syq, who initially reported the event, suggested a correlation between the flash crash and the sale of 977 Bitcoin, valued at approximately $66 million. However, BitMEX’s spokesperson refrained from elaborating further on the specifics of the occurrence. Despite the volatility, Bitcoin has demonstrated resilience, albeit with a 14% decline from its recent all-time highs, which were spurred by the introduction of spot ETFs in the US on Jan. 11. Nonetheless, the cryptocurrency remains up nearly 50% year-to-date, indicating continued investor interest and market momentum. The turbulence in Bitcoin's value persisted into the following day, with the cryptocurrency shedding up to 6.3% to trade at $63,140. This downturn coincided with a notable $643 million outflow from the $25 billion Grayscale Bitcoin Trust (GBTC), marking its largest withdrawal since transitioning into an ETF earlier in the year. Such fluctuations underscore the inherent volatility of cryptocurrencies and their susceptibility to external factors, despite ongoing efforts to establish stability and mainstream adoption. #HotTrends #BTC #crash $BTC
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BTC
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Unlocking the Future: RichQuack Price Projections 2024-2030 Revealed! RichQuack, a rising meme token, has captivated the attention of investors with its robust social media support and deflationary tokenomics. As investors contemplate whether to engage with this meme cryptocurrency, many are eager to ascertain its future price trajectory. This guide provides a speculative glimpse into potential RichQuack price predictions spanning from 2024 to 2030, drawing insights from the project's features, upcoming releases, and historical performance. A hyper-deflationary cryptocurrency built on the Binance Smart Chain (BSC), RichQuack boasts a considerable maximum supply of 10 quadrillion tokens. Despite this large supply, the project is engineered for long-term supply reduction. With over 53% of the maximum supply already burnt, investors stand to benefit from cryptocurrency rewards through staking, voting, and accessing launchpads for new projects. This sets the stage for a potential RichQuack coin price prediction for the years ahead. In the medium term, RichQuack's trajectory is poised for further growth, primarily fueled by its forthcoming launchpad feature. As the project roadmap unfolds, RichQuack aims to introduce a decentralized launchpad for new blockchain-based platforms, enhancing utility and fostering ecosystem expansion. With anticipated features like staking and a decentralized autonomous organization (DAO), RichQuack positions itself as a promising utility token amidst the evolving landscape of meme cryptocurrencies. While speculative, projections suggest potential price milestones, encouraging investors to stay abreast of developments for informed decision-making. #QUACK #QUACKArmy #Write2Earn #RichQUACK🐤 #MemecoinMadness $quack
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#FLOW/USDT look like it’s going to 25USDT
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Terra Luna Classic (LUNC) Token Burn Approaches 100 Billion as Binance Destroys 2.1 Billion Tokens - A Game-Changing Milestone In the latest development, Binance executed its 18th batch of Terra Luna Classic (LUNC) token burns, incinerating a substantial 2.1 billion tokens. This brings Binance's cumulative LUNC token burn to an impressive 51.27 billion, reflecting a significant effort to reduce the circulating supply. Notably, the ongoing LUNC burn campaign, involving the community, crypto exchanges, validators, and projects, is on the verge of reaching the noteworthy 100 billion LUNC milestone. Throughout January, the burn rate surged, with Binance torching 5.57 billion Terra Luna Classic (LUNC) tokens. This spike in burning activity coincided with heightened LUNC trading volumes on the exchange. The introduction of a USTC perpetual contract and additional trading pairs for USTC and LUNC further fueled the demand for these tokens. As a result, the Terra Luna Classic community collectively burns an average of 600 million LUNC tokens per week in their collaborative effort. Despite the robust burning initiatives, the Terra Luna Classic ecosystem faces challenges as LUNC and USTC prices remain under pressure. Over the last 24 hours, LUNC experienced a 7% decline, trading at $0.00009444. Concurrently, USTC displayed sideways movement, with a current price of $0.02409. Traders witnessed liquidation in LUNC, 1000LUNC, and LUNA longs, indicating a prevalence of shorting activities. The community, however, maintains a bullish outlook on LUNC, anticipating a potential surge to local highs amid expectations of a broader market recovery and the upcoming Bitcoin halving. #Write2Earn #LuncToTheMoon #LUNC. #TerraLunaClassic #TrendingTopic $LUNC $LUNA
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