#BTC #Meme币你看好哪 一个? #MarketDownturn للمتحدثين باللغة العربية واللغة الانجليزية سيقومون بترجمة ذلك تنجح معك هذه المخططات والشموع بنسبة 50٪ الى 60٪ For Arabic and English speakers, 50% to 60% of these charts and candles will work for you
I wish you success🥰✍️I wish you success🌟👍 اتمنى لكم التوفيق والسداد 🥰😊
# Question 1: What is BNB coin? Answer: BNB (Binance Coin) is a cryptocurrency launched by Binance, one of the largest cryptocurrency exchanges in the world. It was initially developed on the Ethereum network but became the native currency of the Binance Smart Chain (BSC) network after its launch. # Question 2: What are the uses of BNB? Answer: 1. Transaction fees: BNB can be used to pay trading fees on the Binance platform, providing discounts for users.
Since starting my journey with Binance, every trade has been a step towards professionalism. I’ve discovered powerful tools like smart market analysis and secure trading, which have helped me make informed and profitable decisions. Binance has been more than just a trading platform; it has been a partner guiding me towards new opportunities in the crypto world. I haven't just invested, I’ve evolved as a trader thanks to the innovative features Binance offers. This journey doesn't stop here, and I'm excited for what’s next!
**Bitcoin and Ethereum Outlook for the Upcoming Week** #MarketDownturn Good evening, it's challenging to describe the market conditions over the weekend. Despite the expected downturn, the market has become increasingly fearful and support levels are becoming precarious. A bit of relief might be on the horizon next week, offering a chance for a rebound.
**Bitcoin:** Reviewing the current market, during the last bull run when Bitcoin first hit $64,800 and then started to correct, the price halted its decline when it fell below the 0.618 Fibonacci level. The price then surged to a new high of $69,000. In the current bull market, the medium-term correction recently touched the 0.382 level. Historically, a correction dropping to the 0.618 level could potentially push Bitcoin below $45,000. The retracement is not yet complete.
**Ethereum:** Ethereum has struggled to break previous highs during this bull run. Continuous market outflows have prevented ETH from entering a phase of institutional inflows, which limits price support and upward movement. For a significant market move, we might need to wait for the Federal Reserve to cut interest rates and release funds. Currently, the Fed has absorbed much of the available liquidity, and without new injections, it's challenging to expect a sharp rise in the market.
**Weekly Structure:** After a Doji candlestick formed at a high level last week, the market experienced a sharp decline this week. The first high at $73,800 was corrected back to around $72,000, and the highest point in this rebound was around $70,000, indicating a clear downtrend. There's a strong possibility that this correction could drop below the $53,200 low and even fall below $50,000.
**Outlook:** Given the current trend, short-selling may continue to be favorable next week on a weekly basis. It's recommended to consider rebound opportunities cautiously while monitoring for further signs of market stabilization.
$BTC What are your predictions for Bitcoin's price movement in the upcoming week? Do you expect it to go up or down, and what reasons are you basing your analysis on? Share your thoughts using the hashtags #Entry and #BinanceTournament"
ARKM is on fire and has taken yet another$ARKM breakout step! It has confirmed its support at 1.2$, and with substantial volume, it's progressing steadily towards our subsequent target of 2.65$. Hope $BTC stays green too! We noted 570% gains in the last rally.
🚨Federal Reserve Likely to Maintain Interest Rates in August, Predicts CME According to Odaily, the CME's 'Federal Reserve Watch' has predicted that the Federal Reserve is likely to maintain its current interest rates in August, with a probability of 94.3%. The chance of a 25 basis point cut is estimated at 5.7%. Looking ahead to September, the likelihood of the rates remaining unchanged drops to 27.4%. The probability of a cumulative 25 basis point cut increases to 68.6%, while the chance of a cumulative 50 basis point cut is predicted at 4.0%. These predictions provide an insight into the potential future actions of the Federal Reserve, which can have significant impacts on the economy.
🚨Archegos Founder Bill Hwang Found Guilty In Fraud Case According to Odaily, Bill Hwang, the founder of Archegos Capital Management, has been found guilty of multiple charges related to fraud and market manipulation. The verdict came after a two-month trial that concluded on Wednesday. Hwang, 60, was charged alongside co-defendant and CFO Patrick Halligan. Despite pleading not guilty to one count of conspiracy to commit fraud, three counts of fraud, and seven counts of market manipulation, ten out of the eleven charges were upheld. Hwang now faces up to 20 years in prison for each of the upheld charges, although the actual sentences could be significantly less. Prosecutors claimed that Hwang secretly amassed substantial shares in multiple companies without actually owning the stocks. Archegos' market position once inflated to $160 billion due to their deceptive trading strategy, which concealed their true scale from the market. By using borrowed funds and derivatives that did not require public reporting, Hwang and his hedge fund were able to remain anonymous. Archegos collapsed in March 2021, leading to a rush on Wall Street to liquidate positions related to the firm. When the dust settled, trading counterparts including Credit Suisse Group, Morgan Stanley, and Nomura suffered losses exceeding $10 billion. This incident also laid the groundwork for the bankruptcy of Credit Suisse.🔥
Crypto project "Digibyte" ✅ It holds good aspirations, as the currency struggles to take off. Looking at the market situation, we find that the market needs a new currency that is as strong as $BTC So does the $DGB currency do it? $DGB
AXL Experiences Short-Term Rise, Reaching Above $0.61 According to BlockBeats, on July 6th, AXL, a popular cryptocurrency, saw a short-term increase in its value, reaching above $0.61. The current price stands at $0.606, marking a significant 24-hour increase of 23.78%. This surge in AXL's value is a notable event in the cryptocurrency market, which is known for its volatility. The 23.78% increase in a 24-hour period is a substantial rise, reflecting the dynamic nature of the market. It's important to note that while this short-term rise is significant, the cryptocurrency market is inherently unpredictable, and prices can fluctuate widely in a short period. Investors and traders are advised to keep a close eye on market trends and make informed decisions. #AXL $AXL
The story of Mt. Gox and the impact of the compensation process on Bitcoin's price is quite intriguing. Here's a comprehensive analysis:
History of Mt. Gox - **2007:** Mt. Gox was created as a platform for trading Magic: The Gathering cards. - **2010:** It transformed into a Bitcoin trading platform, becoming one of the first and largest exchanges. - **2014:** The exchange declared bankruptcy after a series of hacks that resulted in the loss of approximately 940,000 BTC. - **2024:** The compensation process for users began after recovering about 141,868 BTC and some Bitcoin Cash following the 2017 hard fork.
Impact of the Compensation Process on Bitcoin Price - **Total BTC to be distributed:** 141,868 BTC. - **Options available:** Users can receive their coins early with a 10-11% discount. - **Expectations:** It is estimated that 75% of users will opt for early conversion, making the available number 94,697 BTC.
Distribution of Coins and Sales Impact 1. **Liquidation rights companies:** 20,000 BTC 2. **Bitcoinica users:** 10,000 BTC 3. **Individual users:** 64,697 BTC
Analyzing User Behavior - **Individual users (around 20,000 people):** Each will receive an average of 3.23 BTC (approximately $180,000). - **Sales expectations:** Many individuals are unlikely to sell the entire amount to avoid a hefty tax. Experts predict that only about 10% will be sold, which means roughly 6,500 BTC.
Comparison to Daily Trading Volume - Considering the daily trading volume of Bitcoin, selling 6,500 BTC represents only about 6%, which might mitigate the impact on the price.
Larger Impact on Bitcoin Cash - **Logically:** Many users might sell their BCH to secure liquidity before selling Bitcoin, as BCH might be considered more like an airdrop.
While the compensation process might create some selling pressure on Bitcoin's price, the expected impact is not substantial given the current market size. The larger effect is likely to be seen on Bitcoin Cash.
According to Odaily, a report released by Zee Prime Capital suggests that Decentralized Physical Infrastructure Networks (DePin) could transform law enforcement into community enterprises, enhancing transparency. The report discusses Decentralized Security (DeSec), which involves building distributed surveillance and law enforcement systems, such as ballistic triangulation systems and community patrol Decentralized Autonomous Organizations (DAOs). The author, Luffistotle, states that blockchain and decentralized architectures excel in security redundancy, and communities are willing to pay extra to ensure optimal security. DeSec applications also offer incentives to enhance power infrastructure, protecting it from destructive events. Furthermore, decentralized airborne radar networks could reduce potential threats of terrorism. Decentralized networks like Helium can ensure everyone enjoys a free and open internet, combating state surveillance and threats of totalitarianism. Luffistotle emphasizes the need to strike a balance between transparency and privacy to avoid a more intrusive surveillance state.