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Why is the crypto market down today? Traders’ hopes for a bullish start to “Uptober” were quickly dashed as the crypto and stock markets sold off at the opening bell. The entire crypto market dipped on Oct. 1 as rising geopolitical tensions in the Middle East, increasing long liquidations and a sell-off in US equities appeared to cool investor enthusiasm for “Uptober.” Over the last 24 hours, the total crypto market capitalization dropped by over 1.3% to about $2.22 trillion, and stocks pulled back. The instability witnessed in equities and digital assets on Oct. 1 follows reports of a possible escalation in the Middle East between Iran, Lebanon and Israel. The United States has indications that Iran is preparing to imminently launch a ballistic mi*"ile attack against Israel, according to Disclose.tv. Source: Unusual_Whales Israeli Prime Minister Benjamin Netanyahu stated that the actions taken so far “will not be enough,” as reported by CNBC. As oil prices continue to spike, they would likely push inflation higher, limiting the US Federal Reserve’s ability to continue cutting interest rates. One hour after Wall Street opened on Oct. 1, the S&P 500 was down 1.1%, while the Dow Jones index dropped 302 points, or 0.7% The Nasdaq Composite index pulled back 1.4%. 24-hour performance of US equities Source: Financial Visualizations Similarly, crypto prices displayed high volatility, with Bitcoin BTC tickers down $61,446.64 dropping 2.6% over the last 24 hours to trade at $61,503 before recovering to $62,557 at the time of publication.#IranianMissilesPlummetsBTC #BTCUptober #BTCPredictedNewATH #BTCReboundsAfterFOMC

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🚨 IMPORTANT UPDATE – BINANCE MOONBIX GAME WILL NOT BE A CRYPTOCURRENCY LIKE HAMSTER, DOGS OR CATI🚨 Binance has made a crucial announcement on their official Telegram channel, clarifying that the Binance Moonbix game is not and will never be a cryptocurrency token like other well-known tokens such as Hamster, Dogs, Cats, or Xempire. Instead, Moonbix is just an ordinary game developed by Binance for entertainment purposes. The confusion around Moonbix possibly being a token can now be put to rest. Here’s what you need to know about Moonbix: Moonbix is a Game, Not a Token: Unlike popular meme tokens like Hamster or Dogs, Moonbix is purely a game created by Binance for its users. It was never intended to be a tradable cryptocurrency, nor will it function as one. Binance has designed the game as part of its strategy to engage users in a fun and interactive way on their platform, not as a means for trading or investing in a new token. Crypto Rewards for Players: Even though Moonbix isn’t a token, there’s still an exciting aspect to the game. Binance plans to reward players periodically with crypto tokens. These tokens will be distributed directly to players’ Binance accounts as part of special events or promotions. So, while the game itself is not a cryptocurrency, playing it could result in real crypto rewards. This adds an extra layer of fun and incentive for those participating in the game. Clearing the Misunderstanding: The misconception that Moonbix might be a new token likely started because Binance has released other token-related promotions in the past. However, Binance has been very clear in this announcement: Moonbix is purely a game. It’s important to set expectations accordingly. Many users may have speculated that Moonbix would follow the path of popular meme tokens, but now we know that it’s not the case. #BinanceEarnProgram #moonnbixerdrop #binancemoonbixlaunch #BinanceLaunchpoolHMSTR #EIGENonBinance

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Earnings from today's BULL Run 💸💸💸

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ALERT: BEFORE YOU OFFLOAD YOUR $HAMSTR, THINK TWICE! Here’s why selling $HAMSTR might be a wise move: With $HAMSTR now live on Binance, you might be considering whether to hold or sell. Here's a crucial update you should consider before making any decisions, as your next step could impact your portfolio significantly. 1. Overwhelming Token Supply $HAMSTR currently has a supply of 120 billion tokens in circulation. While the planned "Phase 2" reserves might sound like a strategy, it seems more like an effort to keep holders around while the team cashes out. 2. Loss of Community Confidence The project's handling of ‘rule violations’ by banning legitimate members has caused growing distrust. This declining confidence could trigger a massive wave of sell-offs, further hurting the token's price. 3. Weak Pre-Launch Buzz = Major Risk The lackluster pre-launch hype signals potential trouble. With little early interest, $HAMSTR’s launch price could be disappointingly low, prompting holders to dump their tokens as soon as trading begins. 4. Lack of Purpose $HAMSTR offers very little in terms of real-world utility. The team’s anonymity, vague roadmap, and poor communication are red flags. In contrast, tokens like $FLIP and $BONE provide clear use cases and active engagement with their communities. My Perspective: Be cautious. I've decided to sell off 85% of my $HAMSTR stash, as holding feels more like betting on luck than making a solid investment. It's smart to reevaluate, and don’t let wishful thinking cloud your decisions when a price drop seems inevitable. Make an informed decision, and don’t let emotions take control. #biancelanchpool #HMSTRonBinance #FTXSolanaRedemption

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