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BREAKING ! 👉Trump- Musk feud impact prices- $BTC dips below $104K👈 Bitcoin, the world's most valued crypto, dipped below $104,000 mark on Friday, largely due to the ongoing feud between two major crypto pushers- Donald Trump and Elon Musk. The price of other altcoins also dipped. $BTC $BNB
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👉JP Morgan to accept Bitcoin ETFs as collateral for loans👈 As per a Bloomberg report on 4 June, the Wall Street giant JP Morgan is set to expand its financing options to include spot Bitcoin $BTC Exchange Traded Funds (ETFs) as collateral for its wealthy clients when applying for loans. This service will apply to all of #JPMorgan clients globally. $BTC $BNB
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Agreed 👍
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👉China’s Webus International eyes $300M raise for XRP strategic reserve 👈 Webus International, a Nasdaq-listed AI-powered mobility company, plans to raise up to $300 million through non-equity financing to create a strategic $XRP reserve. This reserve will support the company's cross-border payments infrastructure, aiming to provide seamless, borderless experiences for international travelers. The $300 million financing will be allocated to three key initiatives: (1) Establishing an XRP Reserve: Enable instant, low-cost cross-border settlements; (2) Blockchain Infrastructure Development: Develop comprehensive blockchain infrastructure, including wallets and Web3 loyalty tokens; and (3) Global Expansion Acceleration: Accelerate global expansion initiatives. #Binance $XRP $BNB
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To become a good trader, it is essential to know about the various types of trades and accordingly to plan the strategies #TradingTypes101 . Let's break some insights on various types of trading strategies. *Spot Trading* involves buying and selling for immediate delivery. More leverage or margin is required for this type of trade. So potential gains or losses becomes limited. It's suitable, mainly for long term investments. *Margin Trading* -requires the trader to borrow funds to buy more assets. Risk of potential gains or losses due to liquidations are involved in this trade if crucial risk management is not done properly. *Future Trading* -involves buying or selling contracts that obligate the buyer to purchase an underlying asset at a predetermined price on a particular date. It allows the trader to open a large position on a relatively small capital by taking the advantages of leverages provided. However, it's fraught with the risk of potential loss if higher leverage are availed by the trader in a volatile market.
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