The cryptocurrency market has recently experienced significant volatility, primarily due to geopolitical events such as the imposition of new tariffs by the U.S. government on imports from Canada, Mexico, and China. This has led to substantial declines in major cryptocurrencies like Bitcoin and Ethereum.
As of now, Bitcoin is trading at approximately $101,755, reflecting a 3.67% increase from the previous close, with an intraday high of $101,755 and a low of $91,995. Ethereum is priced at arou
Most so-called "Telegram mining" schemes are scams. Here’s why:
1. No Real Mining Happens
Genuine cryptocurrency mining requires specialized hardware (like ASIC miners) and high electricity consumption.
Telegram "mining" bots claim you can earn crypto just by clicking buttons or staying active—this is not real mining.
2. Ponzi/Pyramid Scheme
Many Telegram mining groups promise higher earnings if you refer others.
This means earlier users get paid with money from new users, which is unsustainable and collapses eventually.
3. Withdrawal Scams
Most of these platforms require you to deposit money before withdrawing earnings.
When you try to withdraw, they ask for more fees or simply disappear with your money.
4. Fake Tokens & Wallets
Some create fake tokens and claim they are valuable.
They may even show a fake balance in your wallet but block withdrawals.
5. Data Theft & Hacking Risks
Some Telegram mining bots ask for private wallet keys, which can lead to your real crypto being stolen.
Others install malware or phishing links.
How to Avoid Telegram Mining Scams?
✅ Avoid any Telegram bot or channel promising free mining rewards. ✅ Never send money or share private keys. ✅ Use trusted mining pools (like Binance Pool, F2Pool) instead. ✅ If it sounds too good to be true, it’s a scam!
The cryptocurrency market has recently experienced a downturn due to several interrelated factors:
1. Macroeconomic Factors:
Federal Reserve's Monetary Policy: The Federal Reserve's cautious approach to rate cuts and its focus on above-target inflation have led investors to reduce their exposure to riskier assets, including cryptocurrencies. This shift in monetary policy has contributed to decreased trading volumes and increased selling pressure in the crypto market.
The NFT market crashes because of hype fading, too many useless projects, and people losing trust due to scams. When crypto prices drop, NFT buyers have less money to spend. Plus, selling NFTs isn’t easy since each one is unique. On top of that, unclear laws and economic downturns make investors more cautious. It’s all about timing, trust, and real value—if those fade, so do NFT prices. - Preventions
If you want to survive or profit in the NFT market, here’s what you can do: