Guys what's your thoughts about $BTC | ahsanali7452 on Binance Square

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Guys what's your thoughts about $BTC 

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Telegraph reports that only 20 out of 181 $BTC service providers registered with El Salvador’s central bank are operational, with most failing to comply with the country’s $BTC Law. According to data from the Central Reserve Bank, only 11% of these providers are active, while 22 have not met the law’s requirements, which include Anti-Money Laundering (AML) programs, financial record-keeping, and cybersecurity measures. Despite this, firms like Chivo Wallet and Crypto Trading & Investment have met the legal standards. El Salvador became the first country to adopt Bitcoin as legal tender in 2021, as part of President Nayib Bukele's economic strategy. Recently, the country signed a $1.4 billion loan agreement with the IMF, which includes scaling back Bitcoin-related initiatives, such as limiting its use in public institutions. The IMF also urged the country to halt Bitcoin purchases, though President Bukele has confirmed the government will continue buying Bitcoin. Speculation has arisen about a potential rollback of Bitcoin’s legal tender status, with a law change expected on April 30. $BTC (Bitcoin) Market Update: Bitcoin’s price has been fluctuating between $25,000 and $30,000, with analysts anticipating that institutional interest could drive it higher. Meanwhile, Bitcoin mining faces environmental scrutiny, though many operations are shifting toward renewable energy sources to address concerns.

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#USElectronicsTariffs According to BlockBeats, the U.S. government has discreetly modified its tariff policy, removing tariffs on certain electronic products like smartphones, laptops, and semiconductors. Robert Gulotti, a political science professor at the University of Chicago, explained that this adjustment is a result of the mounting consequences of the tariff approach, which has now reached a critical point for U.S. policymakers. Economist Jared Bernstein argued that the exemption of tariffs on select electronic goods indicates that the Trump administration is starting to acknowledge the significant economic repercussions of its tariff strategy. He further warned that if these repercussions extend to the bond market, the potential for a systemic collapse could grow dramatically, risking a global financial crisis. #USElectronicsTariffs $BTC

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#BitcoinWithTariffs The Trump administration is reportedly considering using revenue from tariffs to purchase Bitcoin — a striking development that hints at a larger role for digital assets in U.S. economic strategy. While the specifics are still unclear, the proposal is already fueling major debates about how cryptocurrencies might shape future government policy. #BitcoinWithTariffs $BTC

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#StopLossStrategies Risk Management Deep Dive – #StopLossStartegies Stop-losses are a fundamental part of risk management in trading. They help you limit potential losses by automatically exiting a position when the market moves against you. Learning how to apply stop-loss orders effectively can keep your portfolio protected and your emotions in check. In my approach, I use both fixed and trailing stop-loss orders. I place fixed stop-losses near key support levels, taking into account how much I’m willing to risk. For trailing stops, I let them move with the price to lock in profits as the trade goes in my favor. This strategy has helped shield my trades from sharp drops and also capture gains during strong upward trends. #StopLossStrategiess

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#RiskRewardRatio Next up in our Risk Management Deep Dive series – let's talk about the #RiskRewardRatio This concept is key for traders who want to weigh potential gains against potential losses before entering a trade. By mastering the risk-reward ratio, you can make smarter, more strategic decisions and fine-tune your trading approach for greater consistency. I never enter a trade without at least a 1:3 risk-to-reward setup. I rely on Fibonacci levels to determine where to place my stop-loss and take-profit points. Sticking to this method has helped me filter out low-quality trades and stay profitable.

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