Your crypto is only as safe as your account settings 🔐
Before you think about trading, lock down your account. Five things to do today:
Turn on 2FA with an authenticator app. Avoid SMS where you can, since SIM-swap attacks are real. Set an anti-phishing code. Binance will include it in every official email, so fake emails stand out immediately. Enable withdrawal address whitelisting. Funds can only go to addresses you’ve approved. Check your device management page. Remove any device or login session you don’t recognize. Use a unique, strong password. Never reuse one from another site. Bonus: Binance will never ask for your password or 2FA codes through DMs, calls, or “support” links. If someone asks, it’s a scam.
Which of these have you already set up? Tell me in the comments 👇
BTC dominance hits 58% as the cryptocurrency market suffers a 17% drop, leading to a market cap of $1.76 trillion. Bitcoin (BTC) 's price has fallen below $50,000 for the first time since February this year. It dropped to a low of $49,351 before bouncing back toward the $51,000 mark. As BTC dominance hits 58% amid a collapse in both the altcoin and stock markets, over 17% of the cryptocurrency total market capitalization has been wiped away. According to CoinMarketCap, the crypto market’s total market cap was roughly $2.16 trillion, but it has now fallen to a low of around $1.76 trillion. In the early hours of Aug. 5, the start of the BTC price decline resulted in $600 million in leverage-long positions taken by traders being wiped out. This crash in the market also saw Ether (ETH) plummet, losing almost 20% of its value within a time frame of just two hours. At the time of writing, the price of ETH was roughly $2,200 after recovering from a low of $2,172 at 7:25 am UTC. #BTC_MarketPanic_Dip $BTC $ETH