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#USRetailSalesMissForecast Honestly, I wasn't expecting the market to go down today. I thought we'd stay steady maybe even move up a bit, but it didn't go that way. I know the trade I shared on $BTC and $ETH didn't go as planned, and I take responsibility for that. I want you all to understand why prices dropped, the real reasons, not excuses. Here's what happened today that affected the markets👇: 💥Weak U.S. economic data (retail sales and growth concerns) Retailing sales came in weaker than expected, signaling slower consumer spending. This made traders cautions and risk-off, impacting crypto sentiment. 💥U.S. stocks and tech pressure Major U.S. indexes, especially Nasdaq and S&P 500, slipped as tech names underperformed. Weak tech performance often drags crypto down too, since many investors move together. 💥Treasury yields and safe-haven rotation Yields fell, pushing investors into gold, silver, and other safe-heaven assets, reducing risk appetite for crypto. 💥Profit-taking after recent gains Many traders took profits after recent rallies, creating selling pressure on exchanges like Binance. 💥Forward-looking uncertainty Traders are waiting for upcoming jobs and inflation data, so some reduced exposure today to manage risk. Bottom line, the drop wasn't random, it was macro-drive, tech-linked, and part of normal market behavior. I didn't see this specific turn today, and the trade didn't work out. I own that. And as always, DYOR (Do Your Own Research). I remind you guys every time. I'm just human, I can go wrong, and trades don't always work as planned. Let's stay focused and keep learning together. 🙏
$BTC Bitcoin oscillated between $68,000 and $70,000 on Feb. 10, as the market took a breather from the extreme volatility that has characterized much of February so far. After starting the day trading above $70,500, bitcoin gradually descended to an intraday low of $67,870 around 9:50 a.m. EST. However, the dip was short-lived; the cryptocurrency quickly rebounded, nearly testing the $70,000 threshold once again.