🟢 Finance News:
▶️ BITCOIN PLUNGES TOWARD THE 200-DAY MOVING AVERAGE! 👀
BTC is approaching key support for the first time since mid-August:
• $265M in long positions liquidated in 12h (Is the worst over?)
• Funding rate near 0% shows low bullish appetite
• Weakness in the AI sector continues to weigh on prices
🚨 THE BLACK THURSDAY SHOCK IS HERE.
More than $3.7 trillion has been wiped from global stock markets today.
🇺🇸 The US stock market has fallen 4%, wiping out $3 trillion.
🇰🇷 The KOSPI plunged 5.2%, wiping out $200 billion.
🇨🇳 Taiwan's stock market sank 5%, wiping out $180 billion.
🇯🇵 The Nikkei fell 2.13%, wiping out $162 billion.
Along with this, the crypto market has shed $140 billion, completely erasing yesterday's gains.
But what's striking is that, despite being an industry 10x–50x smaller, crypto has fallen even less than the Nasdaq.
This is a sign of strength, and once the stock market rout stabilizes, crypto is going to explode.
💵 The Ueno Bank crisis is driving demand for USDT in Paraguay, where some P2P listings show premiums of up to 13% over the dollar amid restrictions on accessing funds.
💻 Core Scientific is shutting down its Bitcoin mining operations and going all in on AI. Data center hosting already generates 93% of its revenue.
#Paraguay #BTC #CoreScientific #NASDAQ #Asia $BTC $QQQ
▶️ BITCOIN PLUNGES TOWARD THE 200-DAY MOVING AVERAGE! 👀
BTC is approaching key support for the first time since mid-August:
• $265M in long positions liquidated in 12h (Is the worst over?)
• Funding rate near 0% shows low bullish appetite
• Weakness in the AI sector continues to weigh on prices
🚨 THE BLACK THURSDAY SHOCK IS HERE.
More than $3.7 trillion has been wiped from global stock markets today.
🇺🇸 The US stock market has fallen 4%, wiping out $3 trillion.
🇰🇷 The KOSPI plunged 5.2%, wiping out $200 billion.
🇨🇳 Taiwan's stock market sank 5%, wiping out $180 billion.
🇯🇵 The Nikkei fell 2.13%, wiping out $162 billion.
Along with this, the crypto market has shed $140 billion, completely erasing yesterday's gains.
But what's striking is that, despite being an industry 10x–50x smaller, crypto has fallen even less than the Nasdaq.
This is a sign of strength, and once the stock market rout stabilizes, crypto is going to explode.
💵 The Ueno Bank crisis is driving demand for USDT in Paraguay, where some P2P listings show premiums of up to 13% over the dollar amid restrictions on accessing funds.
💻 Core Scientific is shutting down its Bitcoin mining operations and going all in on AI. Data center hosting already generates 93% of its revenue.
#Paraguay #BTC #CoreScientific #NASDAQ #Asia $BTC $QQQ
