Hello 👋 My Binancians! How are you? I want to tell you something very personal... I prefer writing ✍️ to talking, 🗣️ 😂 sometimes I like to get inspired while writing, especially when I have a lot of writing help... for those who know and criticize. But I feel it’s a key tool, for all senses, especially for time ⏱️, since we live day by day with a lot of running 🏃♂️. It is very useful and helps you discover amazing things you can’t even imagine. As you can see, I am not that expert in the news topic, especially when it comes to politics, finance, and weird stuff 😂. Sometimes when I read, I don’t even understand what they say! I have to read several times to be able to understand. Well, sometimes I like to write colloquially, to understand better, with all this, I found an article in English and translated it into Spanish and then I made it colloquial so that we can all understand. I made a report of what is happening today in the cryptocurrency market, Let’s start:
🔸Imagine the cryptocurrency market as a party where there are many different coins. Suddenly, the two most famous ones, Bitcoin and Ether, deflated a little, as if the music had lowered the volume. This made an "index" that measures how the party is going overall (the CD20) also slow down a bit.
Who made things calm down? Well, normal people, retail investors. It seems they got a bit bored with the big cryptos and decided to bet their money on smaller and riskier ones, as if they went to the riskiest dance floor of the party.
On the other hand, big investors, the "institutional" ones, became more serious. They kept buying Bitcoin, Ether, and another called XRP, but sold a bit of Solana, as if that coin wasn't giving them good vibes. Interestingly, some are betting that Solana will rise in price in the future, who knows!
In the world of betting on crypto prices (the "options"), people got a little nervous. Some unwound their bets to gain more with Ether and others protected themselves in case prices rise or drop a lot, as if they put on a bulletproof vest for volatility.
Why all the fuss? Well, because the global economy is a bit unstable, money keeps rising in price (inflation), and Trump’s decisions on tariffs don’t help. Experts who handle a lot of money are selling dollars, can you imagine? A Spanish bank says that the market is already tired and all this could lead companies to earn less and prices to drop. Moreover, they believe that the Federal Reserve (the ones who control money in the U.S.) will not lower interest rates as much as people expect.
Despite all this fuss, some think that cryptos can still rise a lot, especially because a very important cryptocurrency exchange, Coinbase, is going to be listed among the 500 largest companies in the U.S. (the S&P 500). So watch out, the party is not over yet!
We will be attentive to what the economic data says and what the head of the Federal Reserve says to see where things are going. Let’s see if the music goes back up! 😜
