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Atizaz Elahi
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Eid Mubarak
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#TrumpVsMusk The feud between Donald Trump and Elon Musk has sent shockwaves through the cryptocurrency market, particularly Bitcoin. The public exchange of insults between the two influential figures began when Musk criticized Trump's latest tax and spending package as "a disgusting abomination". Trump retaliated by threatening to cancel federal contracts with Musk's companies, including Tesla and SpaceX. As a result, Bitcoin's price plummeted to $100,500, wiping out over $170 billion in total market capitalization. The cryptocurrency market tanked 6% in the last 24 hours, with major cryptocurrencies like Ethereum, XRP, and Solana experiencing significant losses. The $TRUMP meme coin, which had surged during the peak of their alliance, slid 10%. $BTC Despite the market turmoil, some experts believe that the feud could highlight the allure of Bitcoin as an antidote to political risk and unstable leadership. Samson Mow, a Bitcoin advocate, even suggested that Musk should buy more Bitcoin and adopt a Bitcoin treasury strategy to challenge the existing fiat system. The situation is still unfolding, but one thing is certain – the Trump-Musk feud has brought significant volatility to the cryptocurrency market.
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#OrderTypes101 1. Market Order Buy or sell a cryptocurrency at the current market price. Execution: The order is executed immediately at the best available price. Example: Buy 1 BTC at the current market price. 2. Limit Order Buy or sell a cryptocurrency at a specific price set by the trader. Execution: The order is executed when the market price reaches the specified price. Example: Buy 1 BTC at $40,000. 3. Stop-Limit Order A combination of a stop-loss order and a limit order. Execution: When the market price reaches the stop price, the order becomes a limit order. Example: Sell 1 BTC at $38,000 (stop price) with a limit price of $37,000. 4. Stop-Market Order A stop-loss order that executes as a market order when triggered. Execution: When the market price reaches the stop price, the order is executed as a market order. Example: Sell 1 BTC at $38,000 (stop price). 5. Take-Profit Limit Order A limit order that executes when the market price reaches a specified profit target. Execution: When the market price reaches the take-profit price, the order is executed as a limit order. Example: Sell 1 BTC at $42,000 (take-profit price) with a limit price of $41,500. 6. Take-Profit Market Order A market order that executes when the market price reaches a specified profit target. Execution: When the market price reaches the take-profit price, the order is executed as a market order. Example: Sell 1 BTC at $42,000 (take-profit price). 7. OCO (One Cancels the Other) Order A combination of two orders, where one order cancels the other if executed. Execution: When one order is executed, the other order is automatically canceled. Example: Buy 1 BTC at $40,000 (limit order) and sell 1 BTC at $42,000 (take-profit limit order). If the buy order is executed, the sell order is automatically canceled. 8. Trailing Stop Order A stop-loss order that adjusts its stop price based on the market price movement. Execution: When the market price moves in the trader's favor, the stop price adjusts accordingly.
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Order types in crypto trading
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