Why did the #crypto market lose 15% of its value in one weekend? Thank the Bank of Japan for playing a starring role. #MarketDownturn

#Bitcoin ’s decline since the April 2024 halving is starting to look similar to market movements ahead of the 2016 bull run, according to veteran trader Peter Brandt. $BTC #MarketDownturn

#Crypto markets are currently in the red, but the bloodshed started last week with investors pulling out over half a billion dollars from digital asset investment products like #ETFs . #MarketDownturn

Market is Crashing #MarketDownturn

Amidst a backdrop of widespread selling in Asian markets, Australian investors are displaying a robust appetite for #Bitcoin , capitalizing on the recent dips to increase their holdings. $BTC #MarketDownturn

Amidst a backdrop of widespread selling in Asian markets, Australian investors are displaying a robust appetite for #Bitcoin , capitalizing on the recent dips to increase their holdings. $BTC #MarketDownturn

🌐#STRK
The CEO of Starknet is stepping down $STRK #MarketDownturn

#ETH
#Ethereum core developer Péter Szilágyi voiced his frustration with the #cryptocurrency industry, saying: "#Crypto is essentially a casino, with speculation overshadowing real value. All it has accomplished is a massive value transfer, but I have yet to see any genuine value creation." #MarketDownturn $ETH

Morgan Stanley’s 15,000 advisors to start pitching #Bitcoin ETFs from tomorrow. $BTC #MarketDownturn

On August 6, 2024, the #cryptocurrency Fear and Greed Index reached 17 basis points, indicating "extreme fear" and marking the lowest level since July 2022. Low index values reflect market fear, leading to asset sell-offs and price declines. #MarketDownturn

How to Receive #Cryptocurrency

Receiving and transferring cryptocurrency can be done using cryptocurrency wallets. Here are the main steps to receive and transfer cryptocurrency:

How to Receive Cryptocurrency

🔵 Create a Cryptocurrency Wallet: Choose a suitable wallet (mobile, hardware, desktop, or web wallet). Register and create a new wallet by following the platform's instructions. Save and securely store your private keys and seed phrase.

🔵 Obtain Your Wallet Address: Log in to your wallet and find your address for receiving cryptocurrency (usually a string of characters). Copy this address.

🔵 Share Your Receiving Address: Send your address to the person or platform from which you want to receive cryptocurrency. Ensure the address is transmitted correctly, as an incorrect address can lead to loss of funds.

🔵 Check the Receipt: Once the sender sends you cryptocurrency, you will see the transaction in your wallet. Depending on the cryptocurrency and network load, the process can take from a few seconds to several hours.

#MarketDownturn

In the past 24 hours, positions of 268,285 traders were liquidated. Approximately $888 million in losses were from long positions, and more than $129 million from short positions. #Ethereum and #Bitcoin dominated the assets — positions worth around $337 million and $340 million respectively were liquidated in pairs with these #cryptocurrencies . 📉 $BTC $ETH #MarketDownturn

Demo Trading Vs Live Trading #MarketDownturn

#Crypto

The game blockchain Ronin is suspected of being hacked, involving $9.33 million. In March 2022, #Axie Infinity's sidechain, Ronin Network, experienced a security vulnerability that led to the theft of 173,600 $ETH and 25.5 million $USDC , resulting in a loss of over $610 million. #MarketDownturn

#Crypto
#Binance has contested an almost $86 million tax penalty notice issued by India’s tax department, DGGI, for fees collected from Indian customers between July 2017 and March 2024. The DGGI, an agency under the Indian Ministry of Finance, is responsible for intelligence on indirect tax evasion. #MarketDownturn

Taiwan's stock market suffers worst losses since 1967. #MarketDownturn

Jerome Powell calls emergency meeting as market cresh!
Market will recover very soon #MarketDownturn

#Bitcoin will recover faster than you think. $BTC

The stock market, on the other hand, takes months. #MarketDownturn

274,729 #crypto traders have been liquidated in the last 24 hours, with the total liquidations at $1.04 billion
#MarketDownturn