$VINE behind this cryptocurrency is Elon Musk .... how can there be people so foolish as to be betting against it by opening shorts like fools? open long positions, use your head
$VINE supported the global market drop quite well. Not only did the crypto market fall, but THE ENTIRE MARKET did. The turbulence in the world of artificial intelligence was felt.
Keep the positions, keep holding, as Bitcoin and Solana are already recovering their value.
In the last 24 hours, the price of BTC has dropped by approximately 4%, settling around 97,000 dollars. It is important to note that this drop is due to several factors: 🔥 Voting at Microsoft: Microsoft shareholders refused to allocate part of their assets to Bitcoin reserves. 🔥 Movements of large holders: traders who have held Bitcoin for 6-12 months have made significant moves of their holdings, selling approximately 179,000 BTC between December 4 and 7. Major institutional players have sold all of their cryptocurrencies as soon as BTC reached the price of 100,000 USD.
Microsoft Shareholders Reject Proposal to Include Bitcoin on Their Balance Sheets
During Microsoft's annual shareholders' meeting on December 10, shareholders voted against a resolution proposed by the National Center for Public Policy Research (NCPPR), a public policy think tank based in Washington D.C., to add $BTC a to the company's balance sheets. In its resolution, the NCPPR argued that it was Microsoft's corporate duty to provide value to its shareholders through benefit diversification, and that the adoption of Bitcoin would be a way to achieve this.
$BTC - Monitoring the landscape 9-12 - Is it Declining?
Today, December 9, 2024, Bitcoin $BTC is trading at $97,081.41, following a 2.90% drop in the last 24 hours. This decline follows its all-time high of $103,900.47 reached on December 4, which has generated concern among investors. The recent volatility of Bitcoin is due to factors such as global economic uncertainty and the monetary policies of central banks. It should not be forgotten that as investors assess the impact of inflation and interest rates, many are reconsidering their positions in risk assets, including cryptocurrencies.
Trading in a Bear Market for Cryptocurrencies? Prices Falling?
Trading in a bear market can be challenging, especially in the volatile world of cryptocurrencies like $BTC $ETH $XRP . However, with the right strategy, it is possible to navigate these turbulent waters and take advantage of the opportunities that arise.
These tips can be useful for trading in a bearish environment. 🔥 Identify the Trend: Before making any trade, it is crucial to confirm that the market is in a downward trend. Use technical analysis tools, such as moving averages and trend lines, to identify price patterns that indicate a continued decline.
XRP, the cryptocurrency associated with Ripple Labs, has seen a 6.83% drop over the past 24 hours, trading at $2.4020 at the time of this analysis (December 9). This move comes after reaching a high of $2.64 in the same period, reflecting a high volatility characteristic of cryptocurrency markets. I recommend: 💵 1. Analyze the Market Context XRP’s recent drop may be influenced by factors such as profit-taking after hitting the high of $2.64, uncertainty in the overall cryptocurrency market, or news related to Ripple Labs and its legal battle with the SEC (U.S. Securities and Exchange Commission).