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CRYPTOCURRENCY MARKET RISES WITH THE US GOVERNMENT NOT SHUTDOWN
US House of Representatives Speaker Johnson's statement, "The government will not shut down. An agreement has been reached on government financing. The vote will be held today," had a positive impact on the cryptocurrency markets. With this development, Bitcoin (BTC) exceeded the $97,600 level again.
Government shutdowns usually create uncertainty in financial markets and negatively affect cryptocurrencies. However, this news that the government will remain open increased investor confidence and caused an increase in BTC and altcoins. Important price areas, especially in altcoins, have started to be retaken.
Analysts state that in addition to the government not shutting down, the US Federal Reserve's (Fed) plans to slow down interest rate cuts for 2025 could also have a positive impact on the markets. In addition, it is stated that the SEC's postponement decisions for spot Bitcoin ETF applications and the election process in the US have also had an impact on the cryptocurrency market.
Unless there is a big surprise for the weekend, it is expected that cryptocurrencies will be traded in a more comfortable environment.
#MarketPullback #binance #escoin #elg $BTC $ETH
US House of Representatives Speaker Johnson's statement, "The government will not shut down. An agreement has been reached on government financing. The vote will be held today," had a positive impact on the cryptocurrency markets. With this development, Bitcoin (BTC) exceeded the $97,600 level again.
Government shutdowns usually create uncertainty in financial markets and negatively affect cryptocurrencies. However, this news that the government will remain open increased investor confidence and caused an increase in BTC and altcoins. Important price areas, especially in altcoins, have started to be retaken.
Analysts state that in addition to the government not shutting down, the US Federal Reserve's (Fed) plans to slow down interest rate cuts for 2025 could also have a positive impact on the markets. In addition, it is stated that the SEC's postponement decisions for spot Bitcoin ETF applications and the election process in the US have also had an impact on the cryptocurrency market.
Unless there is a big surprise for the weekend, it is expected that cryptocurrencies will be traded in a more comfortable environment.
#MarketPullback #binance #escoin #elg $BTC $ETH
NEW SEC CHAIRMAN PAUL ATKINS: WHAT DOES IT MEAN FOR RIPPLE AND CRYPTOCURRENCIES?
#BtcNewHolder #xrp
US President Donald Trump has nominated Paul Atkins, known for his pro-crypto views, to head the Securities and Exchange Commission (SEC). Atkins served as SEC commissioner during the George W. Bush administration and is known for his support for financial innovation.
Atkins’ nomination is considered a promising development for Ripple (XRP) in particular and the cryptocurrency market in general. Analysts predict that under Atkins’ leadership, the SEC could adopt a friendlier approach to cryptocurrencies, allowing companies like Ripple to escape regulatory uncertainty.
Under former SEC Chairman Gary Gensler, the institution’s harsh stance against cryptocurrencies led to long-running legal battles with Ripple and negatively affected the price of XRP. With Atkins taking office, it is expected that these cases will be resolved more quickly and the legal status of XRP will be clarified.
In addition, if Atkins introduces more flexible regulations for cryptocurrencies, it is estimated that the legitimacy of XRP will increase and the interest of institutional investors will increase. This could lead to wider acceptance of Ripple's cross-border payment solutions.
As a result, the nomination of Paul Atkins as SEC chairman has created a positive atmosphere in the cryptocurrency market. Atkins' crypto-friendly policies can encourage innovation in the sector and increase investor confidence by reducing regulatory uncertainties.
#escoin #elg
References:
• Kriptokoin. (2024). What Does the New SEC Chairman Mean for Ripple and Crypto?
• CoinTürk. (2024). Last Minute: Here is the New SEC Chairman, What Will Happen to Cryptocurrencies.
• Wikipedia. (2024). Paul S. Atkins.
#BtcNewHolder #xrp
US President Donald Trump has nominated Paul Atkins, known for his pro-crypto views, to head the Securities and Exchange Commission (SEC). Atkins served as SEC commissioner during the George W. Bush administration and is known for his support for financial innovation.
Atkins’ nomination is considered a promising development for Ripple (XRP) in particular and the cryptocurrency market in general. Analysts predict that under Atkins’ leadership, the SEC could adopt a friendlier approach to cryptocurrencies, allowing companies like Ripple to escape regulatory uncertainty.
Under former SEC Chairman Gary Gensler, the institution’s harsh stance against cryptocurrencies led to long-running legal battles with Ripple and negatively affected the price of XRP. With Atkins taking office, it is expected that these cases will be resolved more quickly and the legal status of XRP will be clarified.
In addition, if Atkins introduces more flexible regulations for cryptocurrencies, it is estimated that the legitimacy of XRP will increase and the interest of institutional investors will increase. This could lead to wider acceptance of Ripple's cross-border payment solutions.
As a result, the nomination of Paul Atkins as SEC chairman has created a positive atmosphere in the cryptocurrency market. Atkins' crypto-friendly policies can encourage innovation in the sector and increase investor confidence by reducing regulatory uncertainties.
#escoin #elg
References:
• Kriptokoin. (2024). What Does the New SEC Chairman Mean for Ripple and Crypto?
• CoinTürk. (2024). Last Minute: Here is the New SEC Chairman, What Will Happen to Cryptocurrencies.
• Wikipedia. (2024). Paul S. Atkins.
When wondering where the crypto market will sit in the future, different projects emerge..
#elg #escoin seems to be one of the rare crypto assets that make future plans like #doge ...
Innovative platform for business and banking, global legal services! Take a look at the future of the legal system!
market value
$163,968,241
Full Dilution. Valuation
$291,270,402
24-Hour Trading Volume
$673,992
Circulation Supply
140,735,412
Total Supply
250,000,000
It is not investment advice.
#Binance
#elg
#elg #escoin seems to be one of the rare crypto assets that make future plans like #doge ...
Innovative platform for business and banking, global legal services! Take a look at the future of the legal system!
market value
$163,968,241
Full Dilution. Valuation
$291,270,402
24-Hour Trading Volume
$673,992
Circulation Supply
140,735,412
Total Supply
250,000,000
It is not investment advice.
#Binance
#elg
CALL FOR A NEW ERA FOR CRYPTOCURRENCIES FROM THE US
#Write2Earn
US Federal Deposit Insurance Corporation (FDIC) Deputy Chairman Travis Hill stated that practices restricting banks' cryptocurrency activities should be ended and cooperation with blockchain technologies should be increased.
Hill stated that federal institutions have used "cease and desist letters" in the past to prevent banks from expanding their cryptocurrency-related activities, emphasizing that such practices hinder innovation and create the perception that the FDIC is against blockchain technology.
Hill also stated that approaches similar to "Operation Choke Point" should be ended, and called for a review of the implementation of the Bank Secrecy Act. He said that this law creates a high risk of non-compliance fines for banks and increases account closure trends.
The FDIC Deputy Chairman pledged to improve cooperation between the banking sector and crypto technologies, while also emphasizing that a more balanced approach should be adopted to support innovation. These statements are an important message for investors in the cryptocurrency ecosystem and the banking sector.
While it is discussed that regulations should progress in a balanced way with innovation in the cryptocurrency world, Hill's words may be a harbinger of an approach that supports the potential of blockchain technology in the financial sector.
#escoin #elg #binance
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES FAR FROM SPECULATION❗️ Definitely do your own research❗️
$BTC $ETH
#Write2Earn
US Federal Deposit Insurance Corporation (FDIC) Deputy Chairman Travis Hill stated that practices restricting banks' cryptocurrency activities should be ended and cooperation with blockchain technologies should be increased.
Hill stated that federal institutions have used "cease and desist letters" in the past to prevent banks from expanding their cryptocurrency-related activities, emphasizing that such practices hinder innovation and create the perception that the FDIC is against blockchain technology.
Hill also stated that approaches similar to "Operation Choke Point" should be ended, and called for a review of the implementation of the Bank Secrecy Act. He said that this law creates a high risk of non-compliance fines for banks and increases account closure trends.
The FDIC Deputy Chairman pledged to improve cooperation between the banking sector and crypto technologies, while also emphasizing that a more balanced approach should be adopted to support innovation. These statements are an important message for investors in the cryptocurrency ecosystem and the banking sector.
While it is discussed that regulations should progress in a balanced way with innovation in the cryptocurrency world, Hill's words may be a harbinger of an approach that supports the potential of blockchain technology in the financial sector.
#escoin #elg #binance
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES FAR FROM SPECULATION❗️ Definitely do your own research❗️
$BTC $ETH
It is difficult to talk about the anticipated bull season as it is about to begin. It is necessary to be ready for anything... but I think the investor who is patient will win.
#elg
#doge
#EscoinToken
#btc #Binance #mbox
#elg
#doge
#EscoinToken
#btc #Binance #mbox
Bitcoindunyamiz
·
--
💥💥💥ATTENTION ATTENTION. I AM SHAring URGENT GRAPH AT THE LAST MINUTE. FINALLY THE ACCUMULATION WE EXPECTED IS HAPPENING. TIGHTEN YOUR BELT 💥💥💥
Friends, the accumulation we have been waiting for for a long time for the record zone is happening. If it accumulates, let's not forget to tighten our belts. 4-hour bitcoin chart on the screen.
As I showed in area number 1, accumulation seems to occur. If what we want comes true, new records will come. We still have to wait for the altcoin rally. Unless Bitcoin calms down, the altcoin rally won't come.
By the way, did you see our $1 million still OPEN transaction? You can look from the side --> 1 MİLYON DOLAR KAZANÇLI İŞLEMİMİZ
The big fish must calm down so that other coins can be opened. Our number 2 region is the record region.
I will inform you again with urgent updates, but I kindly ask you not to engage in risky transactions. Do not open a transaction with all your money.
My only request from you is to leave your likes. All free. Don't spare your free support. If there are my brothers who still haven't followed me, I would be grateful if they did.
Kind regards. #BitcoinDunyamiz
Friends, the accumulation we have been waiting for for a long time for the record zone is happening. If it accumulates, let's not forget to tighten our belts. 4-hour bitcoin chart on the screen.
As I showed in area number 1, accumulation seems to occur. If what we want comes true, new records will come. We still have to wait for the altcoin rally. Unless Bitcoin calms down, the altcoin rally won't come.
By the way, did you see our $1 million still OPEN transaction? You can look from the side --> 1 MİLYON DOLAR KAZANÇLI İŞLEMİMİZ
The big fish must calm down so that other coins can be opened. Our number 2 region is the record region.
I will inform you again with urgent updates, but I kindly ask you not to engage in risky transactions. Do not open a transaction with all your money.
My only request from you is to leave your likes. All free. Don't spare your free support. If there are my brothers who still haven't followed me, I would be grateful if they did.
Kind regards. #BitcoinDunyamiz
🔥🔥🔥 BLACKROCK'S TWO FUNDS PURCHASED FROM THE COMPANY'S BITCOIN SPOT ETF‼️
#Bitcoin
➡️ With yesterday's figures, the IBIT fund, which has become the world's largest Bitcoin ETF by surpassing Grayscale for the first time since January, is also purchased by other funds of BlackRock. BlackRock announced in its notification to the SEC that two of its ETFs have added the IBIT ETF to their funds.
➡️ It took just 96 trading days for BlackRock's Bitcoin spot ETF to become the largest Bitcoin fund in the world. The reason behind this success lies in the fact that large companies prefer BlackRock to receive Bitcoin funds. The company's Strategic Yield Opportunities Fund and Strategic Global Bond Fund purchased the IBIT ETF for $3.6 million and $486 thousand, respectively.
➡️ It was reported that more than 400 companies purchased from the IBIT fund in the first quarter of 2024. Bloomberg ETF expert Eric Balchunas described this situation as a "mind eclipse".
🔥🔥🔥 BlackRock's Bitcoin spot ETF has rapidly become a leader worldwide, and the strategic investments of large companies play an important role in this success!!
#Binance #elg #escoin #Polygon $BTC $ETH $SOL
#Bitcoin
➡️ With yesterday's figures, the IBIT fund, which has become the world's largest Bitcoin ETF by surpassing Grayscale for the first time since January, is also purchased by other funds of BlackRock. BlackRock announced in its notification to the SEC that two of its ETFs have added the IBIT ETF to their funds.
➡️ It took just 96 trading days for BlackRock's Bitcoin spot ETF to become the largest Bitcoin fund in the world. The reason behind this success lies in the fact that large companies prefer BlackRock to receive Bitcoin funds. The company's Strategic Yield Opportunities Fund and Strategic Global Bond Fund purchased the IBIT ETF for $3.6 million and $486 thousand, respectively.
➡️ It was reported that more than 400 companies purchased from the IBIT fund in the first quarter of 2024. Bloomberg ETF expert Eric Balchunas described this situation as a "mind eclipse".
🔥🔥🔥 BlackRock's Bitcoin spot ETF has rapidly become a leader worldwide, and the strategic investments of large companies play an important role in this success!!
#Binance #elg #escoin #Polygon $BTC $ETH $SOL
🔥🔥🔥 BALANCES CHANGED IN BITCOIN: WHY THE WIND TURNED REVERSED❓
#Bitcoin
➡️ Bitcoin experienced major fluctuations last week. It approached $73,798 as demand for newly authorized exchange-traded funds (ETFs) increased. However, macro data from the USA caused a sudden pullback in the crypto market.
➡️ Non-agricultural employment data in the USA exceeded expectations by increasing by 272 thousand people in May and the unemployment rate increased from 3.9 percent to 4 percent. This increased expectations that the Fed would postpone the interest rate cut, and the price of Bitcoin fell below 70 thousand dollars. Additionally, major financial companies' interest in crypto has increased, such as Mastercard re-allowing Binance users.
🔥Expectations for the US economy to remain strong and interest rate cuts to be postponed caused fluctuations in Bitcoin. It is important for crypto investors to be careful about such fluctuations❗️
#elg #Binance #escoin #TopCoinsJune2024 $BTC $ETH
#Bitcoin
➡️ Bitcoin experienced major fluctuations last week. It approached $73,798 as demand for newly authorized exchange-traded funds (ETFs) increased. However, macro data from the USA caused a sudden pullback in the crypto market.
➡️ Non-agricultural employment data in the USA exceeded expectations by increasing by 272 thousand people in May and the unemployment rate increased from 3.9 percent to 4 percent. This increased expectations that the Fed would postpone the interest rate cut, and the price of Bitcoin fell below 70 thousand dollars. Additionally, major financial companies' interest in crypto has increased, such as Mastercard re-allowing Binance users.
🔥Expectations for the US economy to remain strong and interest rate cuts to be postponed caused fluctuations in Bitcoin. It is important for crypto investors to be careful about such fluctuations❗️
#elg #Binance #escoin #TopCoinsJune2024 $BTC $ETH
Dogeverse: The New Meme Coin of 2024 🐶
Dogeverse ($DOGEVERSE) launched as the first multi-chain meme coin that can be traded on six major blockchains. It attracts the attention of investors with its high liquidity and staking rewards.
#elg #escoin #ETHETFsApproved $BTC $ETH #dogeverse
Dogeverse ($DOGEVERSE) launched as the first multi-chain meme coin that can be traded on six major blockchains. It attracts the attention of investors with its high liquidity and staking rewards.
#elg #escoin #ETHETFsApproved $BTC $ETH #dogeverse
WHAT IS BLOCKCHAIN?
Blockchain is a decentralized and distributed digital ledger. Data is recorded and verified simultaneously on multiple computers, ensuring the data is immutable and stored securely.
#elg #EscoinToken
#Binance #Polygon
Blockchain is a decentralized and distributed digital ledger. Data is recorded and verified simultaneously on multiple computers, ensuring the data is immutable and stored securely.
#elg #EscoinToken
#Binance #Polygon
🔥🔥🔥 URGENT VERY IMPORTANT WARNING‼️
🔥 NEVER DO THIS IN CAFES AND RESTAURANTS❗
#Bitcoin
“BE AWARE FOR YOUR SECURITY: HIDDEN SPYWARE ON CAFE CHARGERS!”
➡️ Although the chargers used in cafes and restaurants seem like innocent helpers, they can be used to steal your personal data and financial information with spyware hidden inside them.
➡️ Your bank accounts and cryptocurrency wallets may be vulnerable to such dangers.
🔥🔥🔥 For your safety, only use chargers you trust and take up-to-date safety measures to protect your devices
#Binance #elg #escoin $BTC $ETH
🔥 NEVER DO THIS IN CAFES AND RESTAURANTS❗
#Bitcoin
“BE AWARE FOR YOUR SECURITY: HIDDEN SPYWARE ON CAFE CHARGERS!”
➡️ Although the chargers used in cafes and restaurants seem like innocent helpers, they can be used to steal your personal data and financial information with spyware hidden inside them.
➡️ Your bank accounts and cryptocurrency wallets may be vulnerable to such dangers.
🔥🔥🔥 For your safety, only use chargers you trust and take up-to-date safety measures to protect your devices
#Binance #elg #escoin $BTC $ETH
🔥🔥🔥 SIGNIFICANT GAINS IN ALTCOINS‼️
#elg
➡️ In the last 24 hours, positive movements in Bitcoin also affected the altcoin market. Among the top 20 cryptocurrencies, UNI stood out with 18% value increases, BNB 12%, TON 9%, and SHIB and NEAR 8%. There were no cryptocurrencies moving in minus in the top 20. Additionally, among the top 100 cryptocurrencies, 7 altcoins posted double-digit gains, while NOT recorded a 9% retracement.
🔥🔥🔥 Bitcoin's positive performance also leads to strong gains in the altcoin market, supporting a general uptrend‼️
#Binance #Bitcoin #escoin $BTC
$BNB
#elg
➡️ In the last 24 hours, positive movements in Bitcoin also affected the altcoin market. Among the top 20 cryptocurrencies, UNI stood out with 18% value increases, BNB 12%, TON 9%, and SHIB and NEAR 8%. There were no cryptocurrencies moving in minus in the top 20. Additionally, among the top 100 cryptocurrencies, 7 altcoins posted double-digit gains, while NOT recorded a 9% retracement.
🔥🔥🔥 Bitcoin's positive performance also leads to strong gains in the altcoin market, supporting a general uptrend‼️
#Binance #Bitcoin #escoin $BTC
$BNB
🔥🔥🔥 Revolution in BTC Mining: JPMorgan Highlights New Energy Deals and Acquisitions‼️
#Bitcoin
➡️ JPMorgan analysts stated in their new report that there may be important developments that may change the balances in Bitcoin mining. The report stated that mining companies with attractive energy contracts could be acquired by hyperscalers and artificial intelligence companies. This trend led to an increase in mergers and acquisitions in the industry after the Bitcoin halving.
➡️ The recent agreements made by major mining companies such as Core Scientific (CORZ) and Riot Platforms (RIOT) attract attention. While CoreWeave signed a 200 MGW artificial intelligence deal with Core Scientific, Riot Platforms also made an aggressive bid to acquire Bitfarms (BITF). JPMorgan predicts that these developments will have a major impact on companies such as Iris Energy (IREN).
➡️ JPMorgan also stated that this new class of customers, Hyperscalers, could increase the value of subscale mining operators and make the Bitcoin network more efficient by shifting power capacity away from miners. Bitcoin miners listed in the US are estimated to have a total of 5 GW of power and have access to an additional 2.5 GW, making them attractive targets.
🔥🔥🔥 These developments in the Bitcoin mining industry may herald big changes in the industry in the future‼️
#Binance #elg #escoin
$BTC $ETH $BNB
#Bitcoin
➡️ JPMorgan analysts stated in their new report that there may be important developments that may change the balances in Bitcoin mining. The report stated that mining companies with attractive energy contracts could be acquired by hyperscalers and artificial intelligence companies. This trend led to an increase in mergers and acquisitions in the industry after the Bitcoin halving.
➡️ The recent agreements made by major mining companies such as Core Scientific (CORZ) and Riot Platforms (RIOT) attract attention. While CoreWeave signed a 200 MGW artificial intelligence deal with Core Scientific, Riot Platforms also made an aggressive bid to acquire Bitfarms (BITF). JPMorgan predicts that these developments will have a major impact on companies such as Iris Energy (IREN).
➡️ JPMorgan also stated that this new class of customers, Hyperscalers, could increase the value of subscale mining operators and make the Bitcoin network more efficient by shifting power capacity away from miners. Bitcoin miners listed in the US are estimated to have a total of 5 GW of power and have access to an additional 2.5 GW, making them attractive targets.
🔥🔥🔥 These developments in the Bitcoin mining industry may herald big changes in the industry in the future‼️
#Binance #elg #escoin
$BTC $ETH $BNB
🔥🔥🔥 THE RISE IN THE GLOBAL ECONOMY WILL INCREASE IN THE SECOND HALF‼️
US HOURLY WAGE ESTIMATES: DIFFERENT EXPECTATIONS AMONG ECONOMIC UNCERTAINTIES
#Bitcoin
The US average hourly wage increase in July is closely followed by economists and financial institutions. According to the Reuters survey, this indicator, whose previous increase rate was 0.3%, is expected to increase by 0.3% in July. However, estimates from different institutions go beyond this expectation.
Estimates of Different Institutions:
Those Expecting a 0.2% Increase:
• Kaitou Macro
• Citigroup
#Bitcoin
The US average hourly wage increase in July is closely followed by economists and financial institutions. According to the Reuters survey, this indicator, whose previous increase rate was 0.3%, is expected to increase by 0.3% in July. However, estimates from different institutions go beyond this expectation.
Estimates of Different Institutions:
Those Expecting a 0.2% Increase:
• Kaitou Macro
• Citigroup
EXPECTATIONS FOR TWO INTEREST RATE CURES FROM THE FED IN 2024: REUTERS SURVEY
#Binance
While the US Federal Reserve (Fed) is expected to cut interest rates in 2024, the opinions of experts were collected in the survey conducted by Reuters. According to the survey, the general opinion is that there will be a 50 basis point interest rate cut in total, with 25 basis point reductions in September and December in 2024.
FED'S INTEREST RATE DECISIONS AND INFLATION
The Fed, which started increasing interest rates in March 2022, continued this policy due to the increase in inflation. However, according to economists' predictions, interest rate cuts are expected to come back to the agenda in 2024. Experts, who initially expected 6 to 8 interest rate cuts during the year, had to reduce this number because inflation did not decrease.
While the US Federal Reserve (Fed) is expected to cut interest rates in 2024, the opinions of experts were collected in the survey conducted by Reuters. According to the survey, the general opinion is that there will be a 50 basis point interest rate cut in total, with 25 basis point reductions in September and December in 2024.
FED'S INTEREST RATE DECISIONS AND INFLATION
The Fed, which started increasing interest rates in March 2022, continued this policy due to the increase in inflation. However, according to economists' predictions, interest rate cuts are expected to come back to the agenda in 2024. Experts, who initially expected 6 to 8 interest rate cuts during the year, had to reduce this number because inflation did not decrease.
🔥🔥🔥 MAJOR UPDATE FOR TERRA LUNA CLASSIC: ROAD CHANGES IN BURN TAX DISTRIBUTION‼️
#Bitcoin
The Terra Classic community unanimously approved a major update proposal to change the burn tax distribution. The v3.1.3 update will introduce Oracle Split logic, redirecting community pool rewards from the burn tax to the Oracle Pool (OP). At the same time, terrad client will convert short-term rewards into long-term rewards. These changes have the potential to drive a significant increase in staking and LUNC prices.
The Terra Classic community unanimously approved a major update proposal to change the burn tax distribution. The v3.1.3 update will introduce Oracle Split logic, redirecting community pool rewards from the burn tax to the Oracle Pool (OP). At the same time, terrad client will convert short-term rewards into long-term rewards. These changes have the potential to drive a significant increase in staking and LUNC prices.
Bitcoin Halving 2024: What to Expect? 🚀
Hello Binance Square Community,
Big events in the crypto world often bring big opportunities, and one of the biggest events awaiting us in 2024 is Bitcoin Halving. I would like to inform you about this important event by sharing our predictions and strategies on how this event may affect the markets.
What is Bitcoin Halving?
Bitcoin Halving means mining rewards are halved and occurs approximately every four years. This event keeps Bitcoin's supply under control by reducing its inflation rate. The Halving in 2024 will reduce the amount of Bitcoin miners earn per block from 6.25 BTC to 3,125 BTC.
What Happened in the Past?
Previous Halving events have often resulted in large price increases. For example, after the 2016 Halving, the price of Bitcoin increased by more than 1000% in a year. The 2020 Halving similarly resulted in a massive bull market. Will history repeat itself? To answer this question, it is necessary to follow the markets closely.
More👇🏻👇🏻
#elg #escoin #BTC #pizzaday $BTC $ETH
Hello Binance Square Community,
Big events in the crypto world often bring big opportunities, and one of the biggest events awaiting us in 2024 is Bitcoin Halving. I would like to inform you about this important event by sharing our predictions and strategies on how this event may affect the markets.
What is Bitcoin Halving?
Bitcoin Halving means mining rewards are halved and occurs approximately every four years. This event keeps Bitcoin's supply under control by reducing its inflation rate. The Halving in 2024 will reduce the amount of Bitcoin miners earn per block from 6.25 BTC to 3,125 BTC.
What Happened in the Past?
Previous Halving events have often resulted in large price increases. For example, after the 2016 Halving, the price of Bitcoin increased by more than 1000% in a year. The 2020 Halving similarly resulted in a massive bull market. Will history repeat itself? To answer this question, it is necessary to follow the markets closely.
More👇🏻👇🏻
#elg #escoin #BTC #pizzaday $BTC $ETH
🔥🔥🔥 WHY IS CHILIZ (CHZ) PRICE DECREASING❓
#Bitcoin
General Volatility in the Crypto Market
➡️ High volatility is generally observed in the cryptocurrency market, and this also affects altcoins such as Chiliz (CHZ). Especially the movements of large cryptocurrencies such as Bitcoin can lead to similar fluctuations in other altcoins. In the last month, the price of CHZ has experienced a significant decline, falling by more than 20%.
Technical Issues and Network Upgrades
➡️ The Chiliz network is currently undergoing a major update and hard fork. Although such technical changes are generally aimed at improving the performance of the network in the long term, they can create uncertainty in the short term and cause investor hesitation. Although major exchanges such as Binance support this process, short-term effects are generally reflected as price declines.
Regulation and Legal Uncertainties
➡️ Ongoing regulatory pressures and legal uncertainties throughout the cryptocurrency market cause investors to be cautious. Investors may be tempted to sell their assets to avoid such uncertainties.
Market Sentiment and Social Media Impact
➡️ According to social media and market sentiment analysis, mixed reactions are observed in the Chiliz community. Despite positive comments, overall trading volume and investor interest have decreased. This shows that investors have taken a more cautious approach and therefore there has been a decrease in prices.
CONCLUSION
🔥 The decline in CHZ price is due to a combination of various factors such as the overall volatility of the crypto market, technical network updates, regulatory pressures and market sentiment. It is important to follow market analyzes and news sources to monitor the effects of these factors and be prepared for possible future fluctuations.
#escoin #elg #Binance $BTC $CHZ
#Bitcoin
General Volatility in the Crypto Market
➡️ High volatility is generally observed in the cryptocurrency market, and this also affects altcoins such as Chiliz (CHZ). Especially the movements of large cryptocurrencies such as Bitcoin can lead to similar fluctuations in other altcoins. In the last month, the price of CHZ has experienced a significant decline, falling by more than 20%.
Technical Issues and Network Upgrades
➡️ The Chiliz network is currently undergoing a major update and hard fork. Although such technical changes are generally aimed at improving the performance of the network in the long term, they can create uncertainty in the short term and cause investor hesitation. Although major exchanges such as Binance support this process, short-term effects are generally reflected as price declines.
Regulation and Legal Uncertainties
➡️ Ongoing regulatory pressures and legal uncertainties throughout the cryptocurrency market cause investors to be cautious. Investors may be tempted to sell their assets to avoid such uncertainties.
Market Sentiment and Social Media Impact
➡️ According to social media and market sentiment analysis, mixed reactions are observed in the Chiliz community. Despite positive comments, overall trading volume and investor interest have decreased. This shows that investors have taken a more cautious approach and therefore there has been a decrease in prices.
CONCLUSION
🔥 The decline in CHZ price is due to a combination of various factors such as the overall volatility of the crypto market, technical network updates, regulatory pressures and market sentiment. It is important to follow market analyzes and news sources to monitor the effects of these factors and be prepared for possible future fluctuations.
#escoin #elg #Binance $BTC $CHZ
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