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Crypto_Friend_1
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Happy Friday to everyone 🌸 Today, the #PPI is being released on the economic calendar. #Bitcoin is back at the support level. We dipped below the support twice but managed to get back above it. However, we couldn't break above the upward channel line coming from the bottom. Breaking above this area would ease the market. We attempted twice in a row but got rejected. Currently, we are trying to hold onto the support. For about 8 days, $BTC has been moving sideways at these levels, and no clear pattern has formed yet. There's a high probability of a pullback from this area. Breaking the $59k level is crucial; until we reclaim this area, the pressure will continue. ☑️For June 2024, the Producer Price Index is expected to increase by 0.1%, compared to a 0.2% decrease in the previous month. #CPI_BTC_Watch ☑️If the PPI data comes in high, we might observe a decline in U.S. indices due to inflation concerns and expectations of a rate hike. Conversely, if the data is low, we could expect a positive reaction as inflationary pressures ease. ☑️A result in line with expectations might not cause significant market fluctuations, and indices could maintain a balanced trend. Wishing everyone a profitable day 🌸
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PUMP AND DUMP SCAM: MY PERSONAL EXPERIENCE AND WARNING TO CRYPTO INVESTORS ‼️‼️‼️‼️‼️🚨🚨🚨🚨🚨🚨 I unwittingly joined a Telegram group involved in a pump and dump scam towards the end of the last bull run. As the market approached its peak, I noticed obscure coins experiencing sudden and drastic price increases of up to 500% in mere minutes, only to plummet hours later. With no apparent news or project developments driving these pumps, I suspected manipulation. Research led me to discover the reality of pump and dump schemes in crypto. I found a group and joined, receiving an update on an upcoming pump and dump event, including the coin, timing, and exchange. On the designated day, the group executed their plan, buying en masse and causing the coin's price to skyrocket. Unwary investors fell victim to FOMO, buying into the scam. I believe exchanges should temporarily halt withdrawals when coins experience suspicious and rapid price increases to protect users. Binance took similar action with Drep in 2021, safeguarding many investors. Stay tuned for more insights on how scams operate and how to avoid them in this bull run.
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In 6 months, US-listed Bitcoin ETFs brought in over $14.7B in net inflows. Key takeaway? Interest in #Bitcoin and digital assets remains high. Token prices and market caps fluctuate, but the long-term fundamentals of our industry is strong. Stay focused and keep building! 🚀
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Do you think Bitcoin can’t drop to $100? Bitcoin might be one of the biggest scams ever. Did you know that one wallet currently holds 1.1 million Bitcoin? Plus, there are other inactive and dormant wallets, and nobody knows who controls them. The German government contributed to the recent market crash by selling some of their Bitcoins. How many are they selling, and is it causing this crash? Imagine if one day Satoshi Nakamoto decides to move his wallet with 1.1 million Bitcoin, sending them to different exchanges to create sell orders and unload all the Bitcoin at once. Remember, there are many dormant Bitcoin wallet addresses that have been inactive for nearly 10 years. What if all these wallets belong to one person? If that happens, it would be the greatest scam of all time—a masterpiece years in the making and a future case study. Don’t think this is impossible; anything can happen. The profit you make from crypto comes from someone else’s loss, and whoever holds that wallet can do anything with it. This is the truth: Bitcoin is the future, and we believe in it fully. But remember, everything with advantages also has disadvantages, and Bitcoin is no exception. Want to learn more and improve your thinking? Follow us for notifications on interesting and educational content. We have a lot to teach you. ❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE ⌨️ COMMENT 🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
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Ethereum-based memecoin $PEPE has increased greatly despite the general decline in the market, reaching over 255,000 token holders.
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