Cryptic-Fate
Cryptic-Fate is a seasoned cryptocurrency news reporter with a keen eye for market trends and a passion for uncovering the hidden dynamics of the blockchain ###
1 Seko
95 Sekotāji
62 Patika
12 Kopīgots
Tulkot
🚨 DARK SIDE OF TELEGRAM 🚨
It sounds like your experience on Telegram highlights a significant issue with how the platform is being used for illegal activities and the challenges around content moderation. The ease with which users can be added to groups, often without their consent, and the prevalence of illegal content in those groups is concerning.
Your experiment of keeping the default settings open to see the extent of the problem revealed how widespread these issues are. Being added to 82 different groups, many of which are engaging in illegal activities, paints a stark picture of how Telegram's features can be exploited. The fact that you continue to receive thousands of messages from these groups even after changing your settings further underscores the platform's role in facilitating such activities.
The recent arrest of Telegram’s CEO, Pavel Durov, in France on charges related to complicity in illegal activities, brings to light the broader debate about the responsibilities of platform operators in moderating content. While illegal activities are present on other social networks, your experience suggests that the problem may be particularly acute on Telegram, raising important questions about how these platforms should be regulated and held accountable.
#TelegramCEO #TelegramDown
It sounds like your experience on Telegram highlights a significant issue with how the platform is being used for illegal activities and the challenges around content moderation. The ease with which users can be added to groups, often without their consent, and the prevalence of illegal content in those groups is concerning.
Your experiment of keeping the default settings open to see the extent of the problem revealed how widespread these issues are. Being added to 82 different groups, many of which are engaging in illegal activities, paints a stark picture of how Telegram's features can be exploited. The fact that you continue to receive thousands of messages from these groups even after changing your settings further underscores the platform's role in facilitating such activities.
The recent arrest of Telegram’s CEO, Pavel Durov, in France on charges related to complicity in illegal activities, brings to light the broader debate about the responsibilities of platform operators in moderating content. While illegal activities are present on other social networks, your experience suggests that the problem may be particularly acute on Telegram, raising important questions about how these platforms should be regulated and held accountable.
#TelegramCEO #TelegramDown
Tulkot
Develop a Trading Plan 〽️〽️
Set Goals: Define what you want to achieve, whether it’s short-term gains or long-term wealth accumulation.⤴️
Risk Management: Decide how much you’re willing to risk on each trade. A common rule is to risk no more than 1-2% of your trading capital on a single trade.
Entry and Exit Strategies: Determine the conditions under which you'll enter or exit a trade. Stick to these rules to avoid emotional decision-making.
3. Start Small
Paper Trading: Practice with a demo account to get a feel for trading without risking real money.
Start with Small Investments: When you go live, start with small amounts to minimize potential losses while you learn.
$BTC $ETH #TON
Set Goals: Define what you want to achieve, whether it’s short-term gains or long-term wealth accumulation.⤴️
Risk Management: Decide how much you’re willing to risk on each trade. A common rule is to risk no more than 1-2% of your trading capital on a single trade.
Entry and Exit Strategies: Determine the conditions under which you'll enter or exit a trade. Stick to these rules to avoid emotional decision-making.
3. Start Small
Paper Trading: Practice with a demo account to get a feel for trading without risking real money.
Start with Small Investments: When you go live, start with small amounts to minimize potential losses while you learn.
$BTC $ETH #TON
Tulkot
DYOR (Do Your Own Research) is a fundamental principle in the cryptocurrency space, emphasizing the importance of personally investigating and understanding any project or investment before committing funds. Given the decentralized and often speculative nature of cryptocurrencies, DYOR is crucial for mitigating risks and making informed decisions. Here’s a breakdown of what DYOR involves in the context of crypto $BTC
DYOR is about taking personal responsibility for your investment decisions in the crypto space. It involves thorough research, critical thinking, and ongoing learning to navigate the risks and opportunities in this volatile market. By following the DYOR principle, you can make more informed decisions and reduce the likelihood of falling victim to scams or poor investments.
#TON #BTC☀
DYOR is about taking personal responsibility for your investment decisions in the crypto space. It involves thorough research, critical thinking, and ongoing learning to navigate the risks and opportunities in this volatile market. By following the DYOR principle, you can make more informed decisions and reduce the likelihood of falling victim to scams or poor investments.
#TON #BTC☀
Tulkot
$SNX (Synthetix) is showing strong bullish momentum, with current support solidifying at $1.20. The price is now moving towards the next target of $2.82, driven by significant trading activity. This suggests increasing investor confidence and interest in SNX.
Historically, $SNX has demonstrated the potential for substantial gains, with previous scenarios yielding up to 170% returns. If the bullish trend continues, reaching $2.82 could be a realistic outcome, potentially leading to further gains if the momentum persists.
However, as with all investments, it’s essential to keep an eye on market conditions and trading volumes to assess the sustainability of this uptrend.
Historically, $SNX has demonstrated the potential for substantial gains, with previous scenarios yielding up to 170% returns. If the bullish trend continues, reaching $2.82 could be a realistic outcome, potentially leading to further gains if the momentum persists.
However, as with all investments, it’s essential to keep an eye on market conditions and trading volumes to assess the sustainability of this uptrend.
Tulkot
As the leading cryptocurrencies, their performance heavily influences the entire market. When Bitcoin or Ethereum faces selling pressure, it often drags down the rest of the market.✅
In summary, the current downturn in the crypto market appears to be driven by a mix of macroeconomic concerns, regulatory pressures, negative sentiment, and technical factors. While such corrections are common in the volatile crypto space, they can be challenging for investors. It's crucial to stay informed, manage risks, and consider long-term strategies during these periods.
#MarketDownturn
In summary, the current downturn in the crypto market appears to be driven by a mix of macroeconomic concerns, regulatory pressures, negative sentiment, and technical factors. While such corrections are common in the volatile crypto space, they can be challenging for investors. It's crucial to stay informed, manage risks, and consider long-term strategies during these periods.
#MarketDownturn
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🚨 Lai izvairītos no vienādranga (P2P) krāpniecības tādās biržās kā Binance, nepieciešama modrība un paraugprakses ievērošana. Lūk, kā jūs varat sevi pasargāt:
Pārbaudīti tirgotāji
- Pārbaudiet vērtējumus un atsauksmes tirgojieties tikai ar lietotājiem, kuriem ir augsti vērtējumi un pozitīvas atsauksmes. Binance P2P ļauj skatīt tirgotāja reputācijas rādītāju un tirdzniecības vēsturi.
- Verified emblēma Dodiet priekšroku tirdzniecībai ar lietotājiem, kuriem ir verificēta emblēma, kas norāda, ka viņi ir izturējuši identitātes verifikāciju.
Izmantojiet Darījuma pakalpojumus
- Binance Darījums: Binance P2P ir darījuma sistēma, kas glabā pārdevēja kriptovalūtu līdz darījuma apstiprināšanai. Pārliecinieties, ka esat pabeidzis visus darījumus.
Izvairieties no ārpusplatformas darījumiem
- Palieciet platformā: nekad nepiekrītiet pabeigt darījumu ārpus Binance platformas. Krāpnieki var jūs pievilināt ar labākām likmēm vai ātrākiem darījumiem, taču ārpusplatformas darījumus neaizsargā Binance drošības pasākumi.
Vēlreiz pārbaudiet maksājuma informāciju
- Precīza informācija: pārliecinieties, vai pārdevēja sniegtā maksājuma informācija ir pareiza un atbilst konta nosaukumam. Krāpnieki var mēģināt jūs apmānīt, norādot nepareizu vai izmainītu maksājuma informāciju.
- Maksājuma pārbaude: pēc maksājuma veikšanas vēlreiz pārbaudiet darījumu, pirms atzīmējat to kā pabeigtu pakalpojumā Binance. Neatlaidiet kriptovalūtu, kamēr neesat apstiprinājis, ka maksājums ir veiksmīgs.
Uzmanieties no viltotām maksājumu kvītēm
- Maksājumu pārbaude: krāpnieki var nosūtīt viltotus maksājumu kvītis, lai piespiestu jūs atbrīvot kriptovalūtu. Vienmēr pārbaudiet maksājumu, pārbaudot savu banku vai maksājumu kontu tieši pirms līdzekļu atbrīvošanas.
Izvairieties no aizdomīgiem piedāvājumiem
- Pārāk labi, lai būtu patiesība: esiet piesardzīgs attiecībā uz piedāvājumiem, kas šķiet pārāk labi, lai būtu patiesi, piemēram, cenas, kas ievērojami pārsniedz vai zemākas par tirgus likmi. Bieži vien tā var būt krāpniecība, kuras mērķis ir jūs pievilināt.
- Spiediena taktika: esiet piesardzīgs pret lietotājiem, kuri mēģina steigties vai piespiest jūs pabeigt darījumu. Krāpnieki bieži rada steidzamības sajūtu, liekot jums izlaist svarīgas verifikācijas darbības.
#P2PScamAwareness #P2PScamWarning
$BTC $ETH $BNB
Pārbaudīti tirgotāji
- Pārbaudiet vērtējumus un atsauksmes tirgojieties tikai ar lietotājiem, kuriem ir augsti vērtējumi un pozitīvas atsauksmes. Binance P2P ļauj skatīt tirgotāja reputācijas rādītāju un tirdzniecības vēsturi.
- Verified emblēma Dodiet priekšroku tirdzniecībai ar lietotājiem, kuriem ir verificēta emblēma, kas norāda, ka viņi ir izturējuši identitātes verifikāciju.
Izmantojiet Darījuma pakalpojumus
- Binance Darījums: Binance P2P ir darījuma sistēma, kas glabā pārdevēja kriptovalūtu līdz darījuma apstiprināšanai. Pārliecinieties, ka esat pabeidzis visus darījumus.
Izvairieties no ārpusplatformas darījumiem
- Palieciet platformā: nekad nepiekrītiet pabeigt darījumu ārpus Binance platformas. Krāpnieki var jūs pievilināt ar labākām likmēm vai ātrākiem darījumiem, taču ārpusplatformas darījumus neaizsargā Binance drošības pasākumi.
Vēlreiz pārbaudiet maksājuma informāciju
- Precīza informācija: pārliecinieties, vai pārdevēja sniegtā maksājuma informācija ir pareiza un atbilst konta nosaukumam. Krāpnieki var mēģināt jūs apmānīt, norādot nepareizu vai izmainītu maksājuma informāciju.
- Maksājuma pārbaude: pēc maksājuma veikšanas vēlreiz pārbaudiet darījumu, pirms atzīmējat to kā pabeigtu pakalpojumā Binance. Neatlaidiet kriptovalūtu, kamēr neesat apstiprinājis, ka maksājums ir veiksmīgs.
Uzmanieties no viltotām maksājumu kvītēm
- Maksājumu pārbaude: krāpnieki var nosūtīt viltotus maksājumu kvītis, lai piespiestu jūs atbrīvot kriptovalūtu. Vienmēr pārbaudiet maksājumu, pārbaudot savu banku vai maksājumu kontu tieši pirms līdzekļu atbrīvošanas.
Izvairieties no aizdomīgiem piedāvājumiem
- Pārāk labi, lai būtu patiesība: esiet piesardzīgs attiecībā uz piedāvājumiem, kas šķiet pārāk labi, lai būtu patiesi, piemēram, cenas, kas ievērojami pārsniedz vai zemākas par tirgus likmi. Bieži vien tā var būt krāpniecība, kuras mērķis ir jūs pievilināt.
- Spiediena taktika: esiet piesardzīgs pret lietotājiem, kuri mēģina steigties vai piespiest jūs pabeigt darījumu. Krāpnieki bieži rada steidzamības sajūtu, liekot jums izlaist svarīgas verifikācijas darbības.
#P2PScamAwareness #P2PScamWarning
$BTC $ETH $BNB
Tulkot
🚨 HIGH-TIME To buy AltCoins ✅
#AltcoinStrategies #TON #PEPE市值超越LTC #marketanalysis. #buy_long
✔️ The decision to buy altcoins (alternative cryptocurrencies to Bitcoin) should be based on thorough research and an understanding of market trends. While some investors believe that certain altcoins might offer substantial returns, it's crucial to consider the following factors:
Market➡️ Trends: Assess the current market conditions. Are altcoins generally trending upwards or downwards?
Project⬆️ Fundamentals: Research the technology, team, and community behind the altcoin. Is the project solving a real problem?
Volatility⚠️: Altcoins are often more volatile than Bitcoin, so be prepared for price swings.
Diversification☯️: Don’t put all your eggs in one basket. Diversify your investments to mitigate risk.
Long-term vs. Short-term‼️: Decide whether you’re investing for short-term gains or long-term potential.
Regulatory Environment🔰: Be aware of the regulatory landscape, as it can impact the value of altcoins.
Given your status as a beginner, it might be wise to start small and gradually increase your investment as you become more knowledgeable about the space.
#AltcoinStrategies #TON #PEPE市值超越LTC #marketanalysis. #buy_long
✔️ The decision to buy altcoins (alternative cryptocurrencies to Bitcoin) should be based on thorough research and an understanding of market trends. While some investors believe that certain altcoins might offer substantial returns, it's crucial to consider the following factors:
Market➡️ Trends: Assess the current market conditions. Are altcoins generally trending upwards or downwards?
Project⬆️ Fundamentals: Research the technology, team, and community behind the altcoin. Is the project solving a real problem?
Volatility⚠️: Altcoins are often more volatile than Bitcoin, so be prepared for price swings.
Diversification☯️: Don’t put all your eggs in one basket. Diversify your investments to mitigate risk.
Long-term vs. Short-term‼️: Decide whether you’re investing for short-term gains or long-term potential.
Regulatory Environment🔰: Be aware of the regulatory landscape, as it can impact the value of altcoins.
Given your status as a beginner, it might be wise to start small and gradually increase your investment as you become more knowledgeable about the space.
Tulkot
Analysis of the PEOPLE cryptocurrency market provides a detailed and strategic outlook for potential traders:🚨🚨✅🟢
Current Trend
- 1 Hour, 2 Hour, 4 Hour Levels: All are bullish, indicating strong upward momentum in the short term.
- Trend Clarity: The trend is clear, suggesting that the market is currently moving in a well-defined direction.
Key Price Focus
- Antenna Long and Short Price: Around 0.07366, this level is crucial for determining whether the market will continue upward or reverse. It's the price point to watch closely.
Upward Points and Risks
- Upward Points:
- 0.07635
- 0.07753
- 0.07947
These are the price levels to aim for if the bullish trend continues.
- **Risk Warning**: If the price fails to break through the 0.07366 level, the short trend might take over, signaling a potential downturn.
Lower Support and Strategy
- Support Prices
- 0.07277
- 0.07182
- 0.07013
These levels provide a cushion for the price, and staying near these supports is key to minimizing risks.
- Stability Strategy: Maintain stability near these support levels to manage risks effectively.
Breakup Strategy
- If the price successfully breaks the pressure level (above 0.07366), it is a bullish signal, suggesting further upward movement.
Operation Suggestion
- Capital Preservation: Prioritize defense over profits, especially when operating contracts. This cautious approach ensures that you're protected against significant losses while positioning yourself to capitalize on potential gains.
Your analysis is comprehensive, offering both strategic price levels to watch and a well-balanced approach to managing risk and potential rewards.
#PEOPLE $PEOPLE #people创新高 #people🔥🔥 #PEOPLEUSDT #PEOPLE.每日智能策略
Current Trend
- 1 Hour, 2 Hour, 4 Hour Levels: All are bullish, indicating strong upward momentum in the short term.
- Trend Clarity: The trend is clear, suggesting that the market is currently moving in a well-defined direction.
Key Price Focus
- Antenna Long and Short Price: Around 0.07366, this level is crucial for determining whether the market will continue upward or reverse. It's the price point to watch closely.
Upward Points and Risks
- Upward Points:
- 0.07635
- 0.07753
- 0.07947
These are the price levels to aim for if the bullish trend continues.
- **Risk Warning**: If the price fails to break through the 0.07366 level, the short trend might take over, signaling a potential downturn.
Lower Support and Strategy
- Support Prices
- 0.07277
- 0.07182
- 0.07013
These levels provide a cushion for the price, and staying near these supports is key to minimizing risks.
- Stability Strategy: Maintain stability near these support levels to manage risks effectively.
Breakup Strategy
- If the price successfully breaks the pressure level (above 0.07366), it is a bullish signal, suggesting further upward movement.
Operation Suggestion
- Capital Preservation: Prioritize defense over profits, especially when operating contracts. This cautious approach ensures that you're protected against significant losses while positioning yourself to capitalize on potential gains.
Your analysis is comprehensive, offering both strategic price levels to watch and a well-balanced approach to managing risk and potential rewards.
#PEOPLE $PEOPLE #people创新高 #people🔥🔥 #PEOPLEUSDT #PEOPLE.每日智能策略
Tulkot
The future of cryptocurrencies is likely to be shaped by several key trends and developments ❔:
#BTC☀
1. Increased Adoptions:
Cryptocurrencies are gaining wider acceptance as payment methods, with major companies, financial institutions, and even governments exploring their use.
- Decentralized Finance (DeFi): DeFi platforms are growing, offering alternatives to traditional banking and financial services, which could revolutionize how people manage money.
- Cross-Border Transactions: Cryptocurrencies could become more prominent in international trade and remittances, providing faster, cheaper, and more transparent transactions.
2. Regulation and Government Oversight
- Stricter Regulations: As cryptocurrencies become more mainstream, governments are likely to impose stricter regulations to address issues like money laundering, fraud, and tax evasion.
- Central Bank Digital Currencies (CBDCs): Many countries are exploring or developing their own digital currencies, which could coexist with or compete against decentralized cryptocurrencies.
3. Technological Advancements
- Scalability Solutions: Projects focused on improving scalability, such as Ethereum’s transition to Ethereum 2.0, could make blockchain networks faster, more efficient, and capable of handling more transactions.
- Interoperability: Efforts to enhance interoperability between different blockchains could lead to a more connected and cohesive crypto ecosystem.
- Environmental Concerns: With growing awareness of the environmental impact of crypto mining, there is a push towards more energy-efficient consensus mechanisms like Proof of Stake (PoS).
4. Market Maturity
- Stablecoins: The use of stablecoins, which are pegged to traditional currencies, is likely to increase, providing a more stable and less volatile alternative for transactions and savings.
- Institutional Investment: Institutional investors are increasingly entering the crypto space, which could lead to more stability, but also increased regulation and oversight.
#MarketDownturn #BTC☀
#BTC☀
1. Increased Adoptions:
Cryptocurrencies are gaining wider acceptance as payment methods, with major companies, financial institutions, and even governments exploring their use.
- Decentralized Finance (DeFi): DeFi platforms are growing, offering alternatives to traditional banking and financial services, which could revolutionize how people manage money.
- Cross-Border Transactions: Cryptocurrencies could become more prominent in international trade and remittances, providing faster, cheaper, and more transparent transactions.
2. Regulation and Government Oversight
- Stricter Regulations: As cryptocurrencies become more mainstream, governments are likely to impose stricter regulations to address issues like money laundering, fraud, and tax evasion.
- Central Bank Digital Currencies (CBDCs): Many countries are exploring or developing their own digital currencies, which could coexist with or compete against decentralized cryptocurrencies.
3. Technological Advancements
- Scalability Solutions: Projects focused on improving scalability, such as Ethereum’s transition to Ethereum 2.0, could make blockchain networks faster, more efficient, and capable of handling more transactions.
- Interoperability: Efforts to enhance interoperability between different blockchains could lead to a more connected and cohesive crypto ecosystem.
- Environmental Concerns: With growing awareness of the environmental impact of crypto mining, there is a push towards more energy-efficient consensus mechanisms like Proof of Stake (PoS).
4. Market Maturity
- Stablecoins: The use of stablecoins, which are pegged to traditional currencies, is likely to increase, providing a more stable and less volatile alternative for transactions and savings.
- Institutional Investment: Institutional investors are increasingly entering the crypto space, which could lead to more stability, but also increased regulation and oversight.
#MarketDownturn #BTC☀
Tulkot
In 2024, cryptocurrency mining profitability is increasingly challenging due to several factors:
1. Increased Difficulty: The mining difficulty for major cryptocurrencies like Bitcoin has risen, making it harder to earn rewards without significant computational power.
2. High Energy Costs: Energy costs remain a significant factor. In regions where electricity is expensive, mining can become unprofitable unless you have access to cheaper renewable energy sources.
3. Hardware Costs: The cost of acquiring and maintaining efficient mining hardware (like ASICs for Bitcoin) is high. Regular upgrades are needed to stay competitive.
4. Market Volatility: Cryptocurrency prices are volatile, and if the value of the mined coin drops, so does profitability.
5. Regulatory Changes: Some regions are imposing stricter regulations on mining, which could affect operations and profitability.
6. Pool Mining: Solo mining is becoming less feasible, and many miners join mining pools to combine resources, which leads to more consistent but lower individual rewards.
In summary, while mining can still be profitable in 2024, it is generally more suitable for those with access to low-cost electricity, efficient hardware, and a good understanding of market trends. The profit margins are slim, and the risks are higher compared to previous years.
#MiningNews #BTC☀ #CryptoMarketMoves
1. Increased Difficulty: The mining difficulty for major cryptocurrencies like Bitcoin has risen, making it harder to earn rewards without significant computational power.
2. High Energy Costs: Energy costs remain a significant factor. In regions where electricity is expensive, mining can become unprofitable unless you have access to cheaper renewable energy sources.
3. Hardware Costs: The cost of acquiring and maintaining efficient mining hardware (like ASICs for Bitcoin) is high. Regular upgrades are needed to stay competitive.
4. Market Volatility: Cryptocurrency prices are volatile, and if the value of the mined coin drops, so does profitability.
5. Regulatory Changes: Some regions are imposing stricter regulations on mining, which could affect operations and profitability.
6. Pool Mining: Solo mining is becoming less feasible, and many miners join mining pools to combine resources, which leads to more consistent but lower individual rewards.
In summary, while mining can still be profitable in 2024, it is generally more suitable for those with access to low-cost electricity, efficient hardware, and a good understanding of market trends. The profit margins are slim, and the risks are higher compared to previous years.
#MiningNews #BTC☀ #CryptoMarketMoves
Tulkot
Bitcoin Sees Dip Alongside Most Altcoins as Nvidia, HP Get Ready to Report Quarterly Earnings
Bitcoin Dips as Investors Brace for Tech Earnings Reports
On Wednesday, August 28, Bitcoin saw a notable dip of 4.22 percent over 24 hours on Indian exchanges, trading at $63,385 (approximately Rs. 53 lakh) on platforms like CoinSwitch. On international exchanges, the cryptocurrency fell below the $60,000 (roughly Rs. 50.3 lakh) mark for the first time in weeks, with CoinMarketCap data showing Bitcoin trading at $59,613 (approximately Rs. 50 lakh).
This decline is largely attributed to investor activity as many liquidated their assets, leading to significant market disruption. Mudrex CEO Edul Patel explained to Gadgets360 that this liquidation is contributing to market chaos and warned that further volatility could be expected in the coming days.
Patel highlighted that the upcoming earnings reports from major tech firms like Nvidia, CrowdStrike, Salesforce, and HP, scheduled for release later in the day, and Autodesk, set to report the following day, are crucial. Market participants are closely monitoring these earnings, as they could greatly influence overall market sentiment and potentially affect Bitcoin’s price movement.
As Bitcoin continues to face downward pressure, the broader market is on edge, with the outcome of these earnings reports likely to play a pivotal role in determining the near-term direction of cryptocurrency prices. Investors are advised to stay vigilant and consider the potential impact of these tech earnings on their investment strategies.
“The cryptocurrency market experienced a significant downturn led by a drop in Bitcoin. This triggered a wave of liquidations, affecting over 87,000 traders and resulting in losses exceeding $320 million (roughly Rs. 2,686 crore). While August is usually a relatively calm period for cryptocurrencies, this year's market has been exceptionally volatile,” Avinash Shekhar, Co-Founder and CEO at Pi42, told Gadgets360.
The overall market cap of the crypto sector has dropped by 5.27 percent in the last 24 hours. With this, the valuation of the sector has come to $2.09 trillion (roughly Rs. 1,75,46,041 crore), showed CoinMarketCap.
#BTC☀ #CoinMarketUpdates #ETH🔥🔥🔥🔥 #MarketDownturn $BTC
The crypto market cap slipped by 0.40 percent in the last 24 hours, leaving most cryptocurrencies, including Bitcoin and Ether, to trade in losses on Monday, August 26. Cardano, Avalanche, and Shiba Inu are among the cryptocurrencies that continue to struggle in a volatile market.
On Wednesday, August 28, Bitcoin saw a notable dip of 4.22 percent over 24 hours on Indian exchanges, trading at $63,385 (approximately Rs. 53 lakh) on platforms like CoinSwitch. On international exchanges, the cryptocurrency fell below the $60,000 (roughly Rs. 50.3 lakh) mark for the first time in weeks, with CoinMarketCap data showing Bitcoin trading at $59,613 (approximately Rs. 50 lakh).
This decline is largely attributed to investor activity as many liquidated their assets, leading to significant market disruption. Mudrex CEO Edul Patel explained to Gadgets360 that this liquidation is contributing to market chaos and warned that further volatility could be expected in the coming days.
Patel highlighted that the upcoming earnings reports from major tech firms like Nvidia, CrowdStrike, Salesforce, and HP, scheduled for release later in the day, and Autodesk, set to report the following day, are crucial. Market participants are closely monitoring these earnings, as they could greatly influence overall market sentiment and potentially affect Bitcoin’s price movement.
As Bitcoin continues to face downward pressure, the broader market is on edge, with the outcome of these earnings reports likely to play a pivotal role in determining the near-term direction of cryptocurrency prices. Investors are advised to stay vigilant and consider the potential impact of these tech earnings on their investment strategies.
“The cryptocurrency market experienced a significant downturn led by a drop in Bitcoin. This triggered a wave of liquidations, affecting over 87,000 traders and resulting in losses exceeding $320 million (roughly Rs. 2,686 crore). While August is usually a relatively calm period for cryptocurrencies, this year's market has been exceptionally volatile,” Avinash Shekhar, Co-Founder and CEO at Pi42, told Gadgets360.
The overall market cap of the crypto sector has dropped by 5.27 percent in the last 24 hours. With this, the valuation of the sector has come to $2.09 trillion (roughly Rs. 1,75,46,041 crore), showed CoinMarketCap.
#BTC☀ #CoinMarketUpdates #ETH🔥🔥🔥🔥 #MarketDownturn $BTC
The crypto market cap slipped by 0.40 percent in the last 24 hours, leaving most cryptocurrencies, including Bitcoin and Ether, to trade in losses on Monday, August 26. Cardano, Avalanche, and Shiba Inu are among the cryptocurrencies that continue to struggle in a volatile market.
Tulkot
Chance to win a grand PRIZE!
~> Here's a total Prize Pool of 1 BNB
~> You can win by just scanning this QR Code on Binance ⬇️
#WinBNB #BNBToken #BinanceBlockchainWeek
SCAN THIS QR CODE AND JOIN THE RAFFLE DRAW TO WIN 1 BNB EACH ↪️
~> Here's a total Prize Pool of 1 BNB
~> You can win by just scanning this QR Code on Binance ⬇️
#WinBNB #BNBToken #BinanceBlockchainWeek
SCAN THIS QR CODE AND JOIN THE RAFFLE DRAW TO WIN 1 BNB EACH ↪️
Skatīt oriģinālu
Bitcoin 2024. gada augustā
Bitcoin 2024. gada augustā: Turbulences un tirgus nenoteiktības mēnesis
Ievads
2024. gada augusts ir bijis pasaules vadošās kriptovalūtas Bitcoin – amerikāņu kalniņi. Bitcoin, kas ir pazīstams ar savu nepastāvīgo raksturu, mēneša laikā piedzīvoja ievērojamas svārstības, atstājot investorus un tirgus analītiķus uz priekšu. Atbilstoši regulējuma bažām, makroekonomiskajiem faktoriem un tehnoloģiju attīstībai Bitcoin cena sasniedza gan virsotnes, gan ielejas, pārbaudot gan jauno, gan pieredzējušo investoru noturību. Šajā rakstā ir aplūkoti galvenie notikumi un faktori, kas veidoja Bitcoin veiktspēju 2024. gada augustā, piedāvājot ieskatu par to, kāda varētu būt šī digitālā aktīva nākotne.
Ievads
2024. gada augusts ir bijis pasaules vadošās kriptovalūtas Bitcoin – amerikāņu kalniņi. Bitcoin, kas ir pazīstams ar savu nepastāvīgo raksturu, mēneša laikā piedzīvoja ievērojamas svārstības, atstājot investorus un tirgus analītiķus uz priekšu. Atbilstoši regulējuma bažām, makroekonomiskajiem faktoriem un tehnoloģiju attīstībai Bitcoin cena sasniedza gan virsotnes, gan ielejas, pārbaudot gan jauno, gan pieredzējušo investoru noturību. Šajā rakstā ir aplūkoti galvenie notikumi un faktori, kas veidoja Bitcoin veiktspēju 2024. gada augustā, piedāvājot ieskatu par to, kāda varētu būt šī digitālā aktīva nākotne.
Tulkot
For beginners in crypto, the market's recent decline might seem alarming, but it's important to remember that volatility is common in this space. Prices can rise and fall quickly due to various factors like regulations, economic changes, and market sentiment. It's essential to stay informed, avoid panic selling, and consider your long-term investment strategy.
#MarketDownturn #BTC☀ #ETH🔥🔥🔥🔥
#MarketDownturn #BTC☀ #ETH🔥🔥🔥🔥
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