@binance admin shall ban this guy from posting on the square. He doesn't know nothing. Everybody don't follow this guy follow yourself and if you follw him you will loss your fund.
Professor Mike Official
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Bearish
No doubt $ETH will drop to $2,700โฆ and yes, it will recover again later. But tell me honestly, did you guys already open your short positions on $ETH ? Or are you still waiting? If not, enter right now this move still has a lot of downside potential, and timely entries will give you the maximum profits. Stay active and follow the momentum closely!
guys i am holding these short trades .. which even i recommend all of you already.. $ETH .. entry price $3476 now price $3079 .. $FIL entry price $2.147 now $1.897 $SUI entry price $1.8149 ..now $1.6542 #ENA 2nd setup entry price $0.2906 now $2706 โฆ.
with proofs i am showing .. why some of you missed my perfect calls friends .. we won in our 95% setups โฆ big congratulations friends โฆ and this is only the beginning!
Hold tightly your positions, trust the process and follow every signal timely our accuracy and momentum will keep delivering massive profits for all of you. Stay focused, fam, more huge wins are loading now!
USDC (USD Coin) is a stablecoin pegged to the US dollar at a 1:1 ratio. It is issued by Circle and Coinbase through the Centre Consortium. USDC is widely used in crypto trading, decentralized finance (DeFi), and remittances due to its price stability and regulatory compliance.
It operates on multiple blockchains, including Ethereum (ERC-20), Solana, Avalanche, Algorand, and more. Each USDC token is backed by cash and short-term US Treasury assets, making it one of the most trusted stablecoins.
On March 7, 2025, President Donald Trump hosted the inaugural White House Crypto Summit, signaling a significant shift in U.S. policy toward digital assets. The event underscored the administration's commitment to positioning the United States as a leader in the cryptocurrency industry.
Key Announcements:
Strategic Bitcoin Reserve: President Trump signed an executive order to establish a Strategic Bitcoin Reserve. This reserve will be funded using approximately $17 billion worth of bitcoin seized through criminal and civil asset forfeiture, aiming to bolster the credibility and stability of the cryptocurrency market. The initiative is designed to be budget-neutral, ensuring no additional cost to taxpayers.
Digital Asset Stockpile: In addition to bitcoin, the administration plans to create a Digital Asset Stockpile encompassing other cryptocurrencies such as Ethereum (ETH), Solana (SOL), Cardano (ADA), and Ripple (XRP). This move aims to diversify the government's digital asset holdings and support the broader crypto ecosystem.
Industry Engagement:
The summit attracted prominent figures from the cryptocurrency sector, including:
Michael Saylor: The CEO of MicroStrategy presented a comprehensive strategy suggesting that the U.S. could unlock up to $100 trillion in economic value over the next decade by establishing a clear regulatory framework and strategically acquiring bitcoin.
Brian Armstrong: The co-founder and CEO of Coinbase, who has been an advocate for regulatory clarity in the crypto space.
Cameron and Tyler Winklevoss: Founders of Gemini, a cryptocurrency exchange known for its emphasis on regulatory compliance.
David Bailey: An entrepreneur with significant contributions to the crypto industry.
Market Reaction:
The summit's announcements had a mixed impact on the cryptocurrency markets. While some investors anticipated direct government purchases of cryptocurrencies, the focus on utilizing seized assets led to a 3.4% decline in bitcoin's price, reflecting the market's cautious optimism.
As of February 25, 2025, the cryptocurrency market is experiencing significant volatility. Bitcoin (BTC) is trading at $92,132, down 3.72% from the previous close. Ethereum (ETH) stands at $2,500.23, a 9.41% decrease. BNB is at $611.41, down 5.82%. Cardano (ADA) is priced at $0.683329, a decline of 8.92%. Solana (SOL) has fallen to $140.58, a 13.21% drop.
Several factors have contributed to this downturn:
Security Breaches: A major hack of the Dubai-based Bybit exchange resulted in the theft of $1.5 billion in Ethereum assets, intensifying market instability.
Regulatory and Political Scandals: The promotion and subsequent collapse of the $LIBRA cryptocurrency by Argentine President Javier Milei led to significant financial losses and political turmoil, further shaking investor confidence.
Macroeconomic Factors: Ongoing economic uncertainties and potential interest rate hikes have prompted investors to retreat from high-risk assets, including cryptocurrencies.
These events have collectively contributed to the current challenges facing the cryptocurrency market.
Ethereum (ETH) has experienced a notable price increase recently, trading at approximately $2,819.73. Several factors contribute to this upward momentum:
Whale Accumulation: Large holders, often referred to as "whales," have been purchasing significant amounts of ETH, indicating strong confidence in its future value.
Restoration of Exchange Reserves: Following a recent security breach, the cryptocurrency exchange Bybit replenished its ETH reserves by acquiring substantial amounts over-the-counter and receiving emergency transfers from other exchanges. This action has bolstered market confidence.
Clarification on Network Integrity: Ethereum's core developers have dismissed rumors about a potential chain rollback after the Bybit hack, reinforcing trust in the network's stability.
These developments, among others, have collectively contributed to the recent surge in Ethereum's price.