Shobi_2

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Bitcoin led the decline with 16% as the price crashed below $50k in the last 24 hours, while Ethereum plummeted over 23%.
The crypto market saw a significant drop in value as investors continued to abandon high-risk assets.

Bitcoin led the decline with 16% and went below $50,000 in the last 24 hours, while Ethereum plummeted over 23% and at the time of writing is trading at $2,230. According to CoinStats, the total market cap is down 11%. At this point it stands at $1.84 trillion.

This decline in cryptocurrencies has coincided with a broader decline in equity markets in the Asia-Pacific region. Japan’s Nikkei 225 fell 10%, extending losses from the previous week, after the Bank of Japan announced an increase in its benchmark interest rate to a 16-year high.

At the time of writing, the leading cryptocurrency has partially recovered and is trading at $51,900, down 27% in the last week, and its market cap has fallen to around $1 trillion.

It was also reported that $1,000,000,000 was liquidated from the crypto market in the last 24 hours.

The stock market also suffered a decline last week that was related in part to disappointing earnings, a weaker-than-expected jobs report, higher unemployment and a declining manufacturing sector.

The U.S. Federal Reserve chose to hold its benchmark interest rate steady and did not promise a September rate cut, which many market experts had included in their forecasts. Lower interest rates usually correlate with better performance of risky assets.$BTC $ETH

The trading volume of Bitcoin, per CoinGlass, has soared 25.61%. Traders have injected almost $83 billion into the market in the last 24 hours. With this support from the bulls, the total market capitalization of BTC currently stands at $1.27 trillion.

Crypto exchange Binance, with a volume of $23.56 billion, is leading the pack in terms of experiencing the most trading activity for Bitcoin. It is followed by Bitget at $14.51 billion, Bybit at $11.07 billion and OKX at $10.77 billion, among others. This means that the leading cryptocurrency in the market is surging in volume across all major platforms.

#bitcoinnewsupdate #BitcoinTherapist $BTC

#News Alert 🚨🚨

this is a very bullish news indeed !

Trump Aims To Make US 'Crypto Capital Of The Planet.

Former President Donald Trump advocated for a strategic national crypto stockpile at a recent Bitcoin Conference. He assured that if he were to return to the presidency, the U.S. government would retain its Bitcoin.$BTC #Bitcoin_Coneference_2024

Crypto Market Sees $176 Million in Liquidations Over 24 Hours
According to Foresight News, data from Coinglass reveals that the cryptocurrency market experienced liquidations totaling $176 million over the past 24 hours. Long positions accounted for $112 million of the liquidations, while short positions made up $64.08 million. Bitcoin saw liquidations amounting to $67.17 million, and Ethereum experienced $44.75 million in liquidations.

Donald Trump - never sell your Bitcoin. 🤯🔥

Michael Saylor Predicts Bitcoin Will Hit $280 Trillion in Market Cap by 2045
The Bitcoin bull turned the dial up to 10 before thousands of conference attendees in Nashville.

The macroeconomic stars have aligned to send Bitcoin to the moon, Saylor believes, predicting that Bitcoin’s market capitalization will reach $280 trillion by 2045, overshadowing categories like art and gold. That’s an increase of roughly 280X from its current market cap of just over $1 trillion.

Saylor is believed to own more than $1 billion in Bitcoin himself, and MicroStrategy has cultivated a reputation as the largest corporate holder of Bitcoin, possessing more of the asset than any other publicly traded company. As of Friday, the firm had around 226,000 Bitcoin in its coffers, worth around $15.3 billion in value.

Speaking before hundreds of attendees at this year’s annual confab, Saylor’s keynote speech attracted around 8,000 conference goers. Some waited in line for well over an hour to watch the popular Bitcoin thinker and listen to his ever-increasing embrace of Bitcoin in-person.

$BTC $ETH $SOL #Bitcoin_Coneference_2024 #BinanceTurns7

Bitcoin is back up to $67,800 and fighting the resistance after staying below the $65,000 zone. The lowest price point Bitcoin touched was $63,506.36 before it started riding back up. Let’s understand the reasons behind the rise of Bitcoin.

Charts showing Bullish Signs

The hourly chart shows small moving averages like 20 and 50 crossing over to the bigger averages 100 and 200, which is a bullish move. The price is moving in a very strategic order, taking corrections after every few hours. If the price does not take regular small corrections, it will take a big correction after reaching a particular point.

no #bitcoin announcement of Being Strategic reserve !!!

Senator Cynthia Lummis delivered her highly anticipated address at the Bitcoin 2024 conference in Nashville alongside Senator Tim Scott. However, the presentation did not feature the rumored introduction of legislation establishing Bitcoin as a strategic reserve asset of the United States.The Wyoming Senator criticized the Securities and Exchange Commission (SEC) for regulating the industry through enforcement action rather than the rule of law, before shifting her focus back to the government control of money and touting the Republican Party's revised platform protecting digital asset ownership and custody.