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📣Fusionist (#ACE) announced a partnership with Marblex to expand into the South Korean gaming market.#Kriptocutrader #BitcoinDunyamiz #Fatihcoşar #İbrahimCOŞAR #aliumutzabun $BTC $ETH $BNB

💵 As part of the BRICS group's strategy to reduce dependence on the US dollar, Russia and Iran decided to conduct their bilateral trade with their own local currencies.

Bitcoin and Other Cryptos Drop Suddenly; What's Happening in the Crypto Market?

2023/12/26

The crypto market suddenly witnessed a broad sell-off during Asian hours on Tuesday, causing the global crypto market value to drop another 1% to $1.65 trillion.

Bitcoin price fell 2% within hours, dropping from $43,400 to $42,500. It also fell to almost 3% in 24 hours. Top altcoins ETH, SOL, BNB, XRP and others also dropped 2-4% within hours.

Contents

Here's the Reason for the Sudden Drop

Decline in BTC, ETH and Other Crypto Prices

Here's the Reason for the Sudden Drop

Investors were actually expecting a Christmas rally. However, high funding rates cause panic among investors. The market needs to cool down for the rise to continue. Meanwhile, stock data platform Coinglass reports, “Funding Rates are going crazy. “We expect big fluctuations.” He made a statement as follows..

This caused investors to move away from their long positions, causing a broader selloff in the crypto market. It is seen that long positions worth $ 40 million were liquidated in the crypto market in just one hour. Total liquidation in the last 24 hours is at $170 million. These include long positions of more than $90 million and short positions of more than $79 million.

While 1000SATS was liquidated the most in the last 24 hours, ETH led the liquidation in the last 1 hour.

Meanwhile, Mt. Gox creditors have reportedly started receiving Bitcoin payments. As miners monitor the event closely, it will cause some to sell their Bitcoin profits.

Decline in BTC, ETH and Other Crypto Prices

With high funding rates, investors may consider modifying their positions considering various factors such as expected spot Bitcoin ETF approval, Bitcoin halving, and technical charts.
#Kriptocutrader #BitcoinDunyamiz $BTC $ETH $SOL

Increased Whale Activity and Burn Rates on the Shiba Inu Front Draw Attention!#Kriptocutrader #BitcoinDunyamiz #ceek $BTC $ETH $SOL

📊According to Coinshares data, digital asset investment products saw inflows of $103 million over the past week.

•Bitcoin accounts for $87.6 million of the inflows.

•Ethereum experienced an entry of $7.9 million.#Kriptocutrader #BitcoinDunyamiz #Fatihcoşar #İbrahimCOŞAR #aliumutzabun $BTC $ETH $SOL

🚨Stablecoin TrueUSD (#TUSD) experienced a deterioration in the dollar constant (depeg) and fell to the level of $ 0.9947. (TRY) #Kriptocutrader #BitcoinDunyamiz #Fatihcoşar #İbrahimCOŞAR 7894305181#tusd#try$BTC $ETH $SOL

Bitfinex analysts predict that crypto users could reach 850-950 million in 2024 under bullish market conditions, suggesting that the current number is 575 million as of December 1, 2023.

Approval of the Spot Bitcoin ETF could further increase market inflows.

Comment: It still doesn't make sense to me that they could approve the Spot Bitcoin ETF so publicly. Do they love investors very much or is their plan something other than that? Interesting

🗣️Argentine Foreign Minister Diana Mondino:

We confirm that contracts can be concluded with Bitcoin in Argentina.

📣Near (#NEAR) Protocol announced that it has joined the Arbitrum ecosystem.$BTC $ETH $BNB

🚨Reminder:

🇹🇷The interest rate decision of the Central Bank of the Republic of Turkey (CBRT) will be announced today at 14:00.
•Expectation: - •Previous: 38.50%

🇺🇸US Gross Domestic Product (GDP) will be announced today at 16:30.
•Expectation: 5.2% •Previous: 2.1%

🇺🇸US Unemployment Benefit Applications will be announced today at 16:30.
•Expected: 214K •Previous: 202K
$BTC $ETH $SOL #Kriptocutrader #BitcoinDunyamiz #ceek

​​SOL and XRP Struggle; Solana Ascent Continues at Full Speed$SOL $XRP #Kriptocutrader #BitcoinDunyamiz

🔴#BREAKING

The World Health Organization warned the whole world against a new epidemic:

“Stay at home, get vaccinated and definitely wear a mask.”$BTC $ETH $BNB #Kriptocutrader #BitcoinDunyamiz

#Cryptocurrency Market Overview 📈

- Total Market Value: 1.55 trillion dollars ⬇️
-#BTCDominance: 51.81% ⬆️
-#ETHDominance: 16.96% ⬆️
- Total Market Volume: 51 billion dollars ⬆️
- US Dollar Index (#DXY): 102.24 ⬆️
- Fear and Greed Index: 74 (greed)

🟢Top 100 Top Earners:
•Stacks (#STX) +15%
•Near Protocol (#NEAR) +14%
•Oasis Network (#ROSE) +12%

🔴Top 100 Biggest Losers:
•Bonk (#BONK) -14%
•Internet Computer (#ICP) -7%
•Sats (#1000SATS) -7%

📊In leveraged transactions, 82 million dollars of long and 41 million dollars of short positions were placed in the last 24 hours.

🗣️Michael Saylor:
The market should not underestimate the importance of the upcoming Bitcoin spot ETF approval. This could be the biggest development on Wall Street in 30 years. ETFs will trigger and support the demand shock for Bitcoin. Next year will be a bull market.#Kriptocutrader #BitcoinDunyamiz #Fatihcoşar #İbrahimCOŞAR $SOL #ceek $XRP $BNB

What is Justin Sun preparing for? #BitcoinDunyamiz #Kriptocutrader #aliumutzabun #Fatihcoşar $BNB $ETH $BTC