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$SOL MarketPullback: Crypto Corrects Sharply as Bitcoin Drops 12% – Here’s What’s Happening** The crypto market is seeing its **biggest pullback in months**, with $BTC plunging to **$62K** (down 12%) and altcoins bleeding even harder. Here’s why traders are hitting pause: 🔥 **Key Factors Behind the Dip:** ✔ **Massive $1.8B in long liquidations** (largest since FTX collapse) ✔ Fed’s hawkish comments – **rate cuts now delayed to December** ✔ Mt. Gox **$8B BTC repayment fears** loom over market ✔ Bitcoin ETF inflows **slow for first time in 3 weeks**
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#USStablecoinBill #USStablecoinBill A proposed U.S. stablecoin regulation bill, known as the GENIUS Act, has hit a roadblock as nine Democratic senators, who previously supported similar legislation, now oppose the current version. Despite recent amendments, they argue the bill lacks adequate safeguards for anti-money laundering, national security, and regulation of foreign issuers. Without further revisions, they warn they won’t support the bill's advancement. Meanwhile, the crypto industry stresses the urgent need for stablecoin laws to counteract what they see as bias in current Federal Reserve policies. As a result, the bill’s future remains uncertain.
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#MarketPullback testing an important trendline and showing signs of support. But be careful, the market is trapping a lot right now. Even if price bounces, it can trap buyers and drop again. If the support breaks, we could see a sharp dump, but that too might be a fake move to trap sellers before reversing up. Be cautious while trading, the market is full of traps lately. #MarketPullback BTC 94,403.94
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$USDC between usdt and usdc USDC has greater transparency compared to USDT. Furthermore, USDC is comparable to USDT in terms of the blockchain and exchange rate. USDC is preferred for those who value transparency, whereas USDT is preferred for liquidity and investing in a higher volume Cryptowhat u guys prefer $USDC
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