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šļøšØTODAYāS CRYPTO MARKET NEWS š°
Crypto markets are showing signs of stabilization today, with Bitcoin reclaiming a support level above $87,000 as trading volumes surge and investor sentiment turns cautiously optimistic. Recent developments, ranging from robust ETF inflows to strategic moves by institutional playersāare fueling renewed confidence, even as short-term volatility remains a factor. This dynamic environment highlights the blend of speculative fervor and steady institutional interest that is gradually reshaping the market.
On the regulatory front, the SEC is set to host four roundtables between April and June 2025, addressing crucial issues such as custody, tokenization, and decentralized finance. These sessions come at a time when the incoming administration is signaling support for the crypto industry, even hinting at the creation of a strategic national crypto reserve. Such efforts underscore the growing
$BTC
#CryptoNews #TrendingTopic #USTariffs #etf #SEC
On the regulatory front, the SEC is set to host four roundtables between April and June 2025, addressing crucial issues such as custody, tokenization, and decentralized finance. These sessions come at a time when the incoming administration is signaling support for the crypto industry, even hinting at the creation of a strategic national crypto reserve. Such efforts underscore the growing
$BTC
#CryptoNews #TrendingTopic #USTariffs #etf #SEC
On June 5, 2024, I shared news of Rippleās partnership with Clear Junction, an announcement that should have inspired confidence in the power of blockchain. Instead, I was met with skepticism. Some called it a scam, others dismissed the future of XRP entirely. Truth be told, their doubt didnāt surprise me. Throughout history, people have questioned every breakthrough before it changed the world.
This is the dawn of a new financial era. As Rippleās General Manager for Europe, Cassie Craddock, said, āThis is just the beginning.ā In the end, the greatest revolutions often start with a few visionaries daring to believe that tomorrow can be better than today. Letās keep believingāand buildingātogether.
#xrp #CryptoPatience #Believe $XRP
This is the dawn of a new financial era. As Rippleās General Manager for Europe, Cassie Craddock, said, āThis is just the beginning.ā In the end, the greatest revolutions often start with a few visionaries daring to believe that tomorrow can be better than today. Letās keep believingāand buildingātogether.
#xrp #CryptoPatience #Believe $XRP
Ripple (XRP) Announces New Collaboration.
Important Note: Ripple, the company behind the XRP altcoin, made a new partnership statement on its official blog page today.
Blockchain and cryptocurrency solutions company Ripple (XRP) announced a strategic partnership with Clear Junction, a global company in cross-border payment solutions for regulated institutions.
This collaboration aims to provide instant and secure payment coverage in sterling and euros for Ripple's payment customers.
Clear Junction will streamline payment coverage by increasing the efficiency of transactions for Ripple's customers sending payments to the United Kingdom and the European Union. The partnership also plans to introduce a number of new currencies for Ripple customers later this year.
Ripple Europe General Manager Cassie Craddock expressed her excitement about the partnership. āClear Junction is a perfect fit for Ripple,ā he said. āFrom the outset, it has been able to support all of our use cases, including providing sterling and euro payment coverage for our customers. We are excited to welcome Clear Junction to our network and see this as just the beginning of our relationship.ā We see.ā
#Rippleš° #CryptoMarketTrend
Important Note: Ripple, the company behind the XRP altcoin, made a new partnership statement on its official blog page today.
Blockchain and cryptocurrency solutions company Ripple (XRP) announced a strategic partnership with Clear Junction, a global company in cross-border payment solutions for regulated institutions.
This collaboration aims to provide instant and secure payment coverage in sterling and euros for Ripple's payment customers.
Clear Junction will streamline payment coverage by increasing the efficiency of transactions for Ripple's customers sending payments to the United Kingdom and the European Union. The partnership also plans to introduce a number of new currencies for Ripple customers later this year.
Ripple Europe General Manager Cassie Craddock expressed her excitement about the partnership. āClear Junction is a perfect fit for Ripple,ā he said. āFrom the outset, it has been able to support all of our use cases, including providing sterling and euro payment coverage for our customers. We are excited to welcome Clear Junction to our network and see this as just the beginning of our relationship.ā We see.ā
#Rippleš° #CryptoMarketTrend
Anticipation Builds for Potential XRP ETF Approval.
The cryptocurrency community is abuzz with speculation about the potential approval of an Exchange-Traded Fund (ETF) centered on Rippleās XRP token. An XRP ETF would provide investors with regulated and straightforward access to the token, potentially increasing its adoption and liquidity. The approval of such an ETF would signify a milestone in integrating cryptocurrencies into traditional financial products.
However, the path to ETF approval is fraught with regulatory hurdles. Regulatory bodies have historically exercised caution in approving crypto-based ETFs, citing concerns over market manipulation and investor protection. The outcome of the XRP ETF application could set a precedent for future crypto ETFs and shape the landscape of cryptocurrency investment vehicles. Investors are advised to monitor regulatory developments closely, as they will significantly impact market dynamics.
$XRP
#XRPETFIncoming? #news_update #CryptoNewss #divineloot
However, the path to ETF approval is fraught with regulatory hurdles. Regulatory bodies have historically exercised caution in approving crypto-based ETFs, citing concerns over market manipulation and investor protection. The outcome of the XRP ETF application could set a precedent for future crypto ETFs and shape the landscape of cryptocurrency investment vehicles. Investors are advised to monitor regulatory developments closely, as they will significantly impact market dynamics.
$XRP
#XRPETFIncoming? #news_update #CryptoNewss #divineloot
Czech Republicās Bitcoin Reserve Strategy: A Model for National Crypto Adoption? šØšæ
In a pioneering move, the Czech Republic has initiated discussions about establishing a national Bitcoin reserve. This strategy aims to diversify the countryās assets and hedge against global economic uncertainties. By incorporating Bitcoin into its reserves, the Czech government acknowledges the growing significance of digital assets in the global financial landscape.
This development has sparked debates on the feasibility and implications of national Bitcoin reserves. Proponents argue that such a reserve could protect national wealth from fiat currency inflation and enhance financial sovereignty. Critics, however, caution about the volatility of cryptocurrencies and the potential risks to national economies. As more nations explore digital assets, the Czech Republicās approach may serve as a case study for future national crypto adoption strategies.
$BTC
#CzechBitcoinReserve? #news #CryptoNews
This development has sparked debates on the feasibility and implications of national Bitcoin reserves. Proponents argue that such a reserve could protect national wealth from fiat currency inflation and enhance financial sovereignty. Critics, however, caution about the volatility of cryptocurrencies and the potential risks to national economies. As more nations explore digital assets, the Czech Republicās approach may serve as a case study for future national crypto adoption strategies.
$BTC
#CzechBitcoinReserve? #news #CryptoNews
The Impact of PCE Inflation on Cryptocurrency Markets š
The Personal Consumption Expenditures (PCE) index, a key indicator of U.S. inflation, has recently garnered significant attention within the cryptocurrency community. As inflation rates fluctuate, investors are closely monitoring how these changes influence the purchasing power of fiat currencies and, consequently, the valuation of digital assets. A higher PCE inflation rate often leads to concerns about the devaluation of traditional currencies, prompting investors to seek alternative stores of value, such as cryptocurrencies.
Historically, periods of elevated inflation have correlated with increased interest in Bitcoin and other digital assets, viewed as hedges against currency devaluation. However, the relationship between inflation metrics like the PCE and crypto markets is complex and influenced by various factors, including monetary policy decisions and global economic conditions. Investors are advised to stay informed about macroeconomic indicators and assess their potential impact on cryptocurrency investments.
#PCEInflationWatch #Cryptocurrency #inflation
Historically, periods of elevated inflation have correlated with increased interest in Bitcoin and other digital assets, viewed as hedges against currency devaluation. However, the relationship between inflation metrics like the PCE and crypto markets is complex and influenced by various factors, including monetary policy decisions and global economic conditions. Investors are advised to stay informed about macroeconomic indicators and assess their potential impact on cryptocurrency investments.
#PCEInflationWatch #Cryptocurrency #inflation
ā¼ļø Todayās Bitcoin news is historic: Bitcoin has reached an all-time high of $100,000. ā¼ļø
Bitcoin has reached an all-time high of $100,000.
This milestone reflects growing institutional confidence and mainstream adoption of cryptocurrency. Several factors contributed to this rally, including Donald Trumpās election as U.S. president, his pro-crypto policies, and increased interest in Bitcoin ETFs, which added $676 million in investments within a day.
The milestone represents a 144% return year-to-date, with analysts predicting further gains. Bitcoinās current momentum positions it as a significant global financial asset, with projections suggesting a potential surge toward $120,000 in the coming weeks .
Let me know if youād like insights on specific trends or tips for investing!
This milestone reflects growing institutional confidence and mainstream adoption of cryptocurrency. Several factors contributed to this rally, including Donald Trumpās election as U.S. president, his pro-crypto policies, and increased interest in Bitcoin ETFs, which added $676 million in investments within a day.
The milestone represents a 144% return year-to-date, with analysts predicting further gains. Bitcoinās current momentum positions it as a significant global financial asset, with projections suggesting a potential surge toward $120,000 in the coming weeks .
Let me know if youād like insights on specific trends or tips for investing!
šØā¼ļø Mastering Profit and Loss (PNL) in Trading: A Comprehensive Guideā¼ļøšØ
In trade, "PNL" stands for Profit and Loss. It refers to the financial result of a trading position, calculated as the difference between the revenue generated from selling assets and the costs incurred to acquire or maintain those assets.
- A positive PNL indicates a profit, meaning the trader made money.
- A negative PNL indicates a loss, meaning the trader lost money.
PNL is used to assess the performance of trades in both traditional markets (stocks, commodities) and in cryptocurrency trading.
In the world of trading, understanding Profit and Loss (PNL) is fundamental to success. PNL represents the financial outcome of a trade, indicating whether the trader has made a profit or incurred a loss. It is a key metric used to evaluate the effectiveness of trading strategies and manage risk.
Profit is generated when the revenue from selling an asset exceeds the cost of acquiring or holding it, while a loss occurs when costs surpass the revenue. Traders closely monitor their PNL to make informed decisions about entering or exiting positions, adjusting strategies, or determining stop-loss levels.
Mastering PNL involves not only understanding the basic calculation but also interpreting it in the context of various trading environments, such as stocks, commodities, forex, or cryptocurrency markets. It is also vital for managing leverage, risk tolerance, and market volatility.
By effectively analyzing PNL, traders can refine their approaches, minimize losses, and maximize profits, leading to sustainable long-term growth in the highly competitive trading landscape.
- A positive PNL indicates a profit, meaning the trader made money.
- A negative PNL indicates a loss, meaning the trader lost money.
PNL is used to assess the performance of trades in both traditional markets (stocks, commodities) and in cryptocurrency trading.
In the world of trading, understanding Profit and Loss (PNL) is fundamental to success. PNL represents the financial outcome of a trade, indicating whether the trader has made a profit or incurred a loss. It is a key metric used to evaluate the effectiveness of trading strategies and manage risk.
Profit is generated when the revenue from selling an asset exceeds the cost of acquiring or holding it, while a loss occurs when costs surpass the revenue. Traders closely monitor their PNL to make informed decisions about entering or exiting positions, adjusting strategies, or determining stop-loss levels.
Mastering PNL involves not only understanding the basic calculation but also interpreting it in the context of various trading environments, such as stocks, commodities, forex, or cryptocurrency markets. It is also vital for managing leverage, risk tolerance, and market volatility.
By effectively analyzing PNL, traders can refine their approaches, minimize losses, and maximize profits, leading to sustainable long-term growth in the highly competitive trading landscape.
Bitcoin made history by reaching $88,000 and Counting!
Not too long ago, $BTC ās value saw an impressive surge, reaching the $88,000 mark. With growing momentum, some experts predict it could hit the milestone of $100,000 sooner than expected. This recent increase signals renewed investor confidence in Bitcoin, especially following key political changes in the U.S., which appear to favor pro-crypto policies.
Corporate Confidence: MicroStrategyās Bold $2 Billion Bitcoin Investment
Major companies are betting big on Bitcoin. MicroStrategy, one of the most prominent corporate investors in cryptocurrency, recently expanded its holdings by purchasing $2 billion worth of Bitcoin. This brings the companyās total holdings to nearly $23 billion, showcasing a strong belief in Bitcoinās long-term potential. Institutional support like this bolsters Bitcoinās credibility and could pave the way for even higher valuations.dence: MicroStrategyās Bold $2 Billion Bitcoin Investment
Major companies are betting big on Bitcoin. MicroStrategy, one of the most prominent corporate investors in cryptocurrency, recently expanded its holdings by purchasing $2 billion worth of Bitcoin. This brings the companyās total holdings to nearly $23 billion, showcasing a strong belief in Bitcoinās long-term potential. Institutional support like this bolsters Bitcoinās credibility and could pave the way for even higher valuations.
ETF Inflows: Making Bitcoin Accessible to Traditional Investors
Bitcoinās popularity is also being fueled by exchange-traded funds (ETFs), which make it easier for traditional investors to gain exposure to cryptocurrency. As ETFs attract more capital, they help drive demand for Bitcoin and improve market stability. This development could prove crucial as it brings in investors who might have been hesitant to dive into the crypto market directly.
The Road to $100,000: Will Bitcoin Reach This Milestone by Year-End?
With Bitcoinās recent performance and a wave of institutional support, the once-distant milestone of $100,000 now seems within reach. Analysts are optimistic, citing a favorable economic climate and increased adoption as catalysts. While the journey may face short-term fluctuations, the long-term outlook for Bitcoin remains incredibly promising.
These shifts demonstrate the growing legitimacy of Bitcoin as both an investment and a technology. As we move forward, all eyes are on Bitcoinās next moves. Will it break records again? Stay tuned for updates as Bitcoin continues to evolve in the financial landscape.
#BTCā #BinanceNews #AltCoinRush
Corporate Confidence: MicroStrategyās Bold $2 Billion Bitcoin Investment
Major companies are betting big on Bitcoin. MicroStrategy, one of the most prominent corporate investors in cryptocurrency, recently expanded its holdings by purchasing $2 billion worth of Bitcoin. This brings the companyās total holdings to nearly $23 billion, showcasing a strong belief in Bitcoinās long-term potential. Institutional support like this bolsters Bitcoinās credibility and could pave the way for even higher valuations.dence: MicroStrategyās Bold $2 Billion Bitcoin Investment
Major companies are betting big on Bitcoin. MicroStrategy, one of the most prominent corporate investors in cryptocurrency, recently expanded its holdings by purchasing $2 billion worth of Bitcoin. This brings the companyās total holdings to nearly $23 billion, showcasing a strong belief in Bitcoinās long-term potential. Institutional support like this bolsters Bitcoinās credibility and could pave the way for even higher valuations.
ETF Inflows: Making Bitcoin Accessible to Traditional Investors
Bitcoinās popularity is also being fueled by exchange-traded funds (ETFs), which make it easier for traditional investors to gain exposure to cryptocurrency. As ETFs attract more capital, they help drive demand for Bitcoin and improve market stability. This development could prove crucial as it brings in investors who might have been hesitant to dive into the crypto market directly.
The Road to $100,000: Will Bitcoin Reach This Milestone by Year-End?
With Bitcoinās recent performance and a wave of institutional support, the once-distant milestone of $100,000 now seems within reach. Analysts are optimistic, citing a favorable economic climate and increased adoption as catalysts. While the journey may face short-term fluctuations, the long-term outlook for Bitcoin remains incredibly promising.
These shifts demonstrate the growing legitimacy of Bitcoin as both an investment and a technology. As we move forward, all eyes are on Bitcoinās next moves. Will it break records again? Stay tuned for updates as Bitcoin continues to evolve in the financial landscape.
#BTCā #BinanceNews #AltCoinRush
XRPL Updates
The XRP Ledger (XRPL) is set for a major upgrade with the launch of its Decentralized Identity (DID) capabilities on October 30, 2024. This enhancement aims to bolster security and user control within the ecosystem.
Additionally, the community is exploring native staking features, led by proposals for new protocols that would facilitate yield farming and decentralized lending on XRPL. These advancements signal a significant step toward making XRPL a more versatile platform for users, especially with the anticipated launch of Rippleās new stablecoin, RLUSD .
#XRPledger #NewsAboutCrypto #BinanceNews
Additionally, the community is exploring native staking features, led by proposals for new protocols that would facilitate yield farming and decentralized lending on XRPL. These advancements signal a significant step toward making XRPL a more versatile platform for users, especially with the anticipated launch of Rippleās new stablecoin, RLUSD .
#XRPledger #NewsAboutCrypto #BinanceNews
MemeFi is currently trending with a significant surge in popularity.
MemeFi is currently trending with a significant surge in popularity, boasting over 20 million players engaging in its unique tap-to-earn gameplay. Players defeat meme-themed enemies through quick taps, earning virtual currency and rewards through in-game activities. This engaging concept is drawing attention, especially with its recent updates on airdrops, a Token Generation Event (TGE), and upcoming exchange listings.
The airdrop model is designed to reward active community members based on the number of coins held, with bonuses for participation in the ecosystem. Significant campaigns are planned leading up to the TGE, enhancing opportunities for players to maximize their rewards .
As the project gears up for its official listing on October 30, 2024, it aims to solidify its place in the crypto gaming landscape while continuing to foster community engagement . For more updates, players are encouraged to stay connected through MemeFiās official channels.
#NewsAboutCrypto #MemeFi
The airdrop model is designed to reward active community members based on the number of coins held, with bonuses for participation in the ecosystem. Significant campaigns are planned leading up to the TGE, enhancing opportunities for players to maximize their rewards .
As the project gears up for its official listing on October 30, 2024, it aims to solidify its place in the crypto gaming landscape while continuing to foster community engagement . For more updates, players are encouraged to stay connected through MemeFiās official channels.
#NewsAboutCrypto #MemeFi
šØ Altcoin Movements. šØ
Ethereum, BNB, and Solana are showing slight upward trends, with Solana leading the charge with a +2.15% gain in the last 24 hours. Keep an eye on these altcoins for potential short-term opportunities
#altcoins #binance #etherreum #BNB #Solana_Blockchain
#altcoins #binance #etherreum #BNB #Solana_Blockchain
šØšØBlackRockās Spot Bitcoin ETF Approved šØšØ
The U.S. SEC has approved the listing and trading of options for BlackRockās spot Bitcoin ETF. This approval is seen as a positive step for institutional adoption of crypto and may influence the market significantly .
šØBitcoin Breakout Potential šØ
Analysts are predicting a potential breakout for Bitcoin by late September 2024. Historical data suggests that Bitcoin usually experiences a bullish impulse about 150-160 days after the halving event.
While September is known for lower returns, October could be a more promising month for gains, as historical trends show average returns of +22.9% for that month.
While September is known for lower returns, October could be a more promising month for gains, as historical trends show average returns of +22.9% for that month.
šØBinance News: šØ
Binanceās founder, Changpeng Zhao, is expected to be released from prison on September 29, 2024. His return is likely to boost market sentiment and confidence in the platform, potentially driving up Binance Coin (BNB) and the overall market
Binanceās founder, Changpeng Zhao, is expected to be released from prison on September 29, 2024. His return is likely to boost market sentiment and confidence in the platform, potentially driving up Binance Coin (BNB) and the overall market
Todayās Crypto News:
1. Coinbase Expands Futures Trading to Retail Investors
Coinbase, a leading U.S. crypto exchange, has received regulatory approval to offer futures trading to retail investors in the U.S. This move opens up access to crypto derivatives, allowing users to trade Bitcoin and Ethereum futures with leverage, providing more trading options.
2. Ethereum Developers Delay Shanghai Upgrade
Ethereumās long-awaited Shanghai upgrade, initially set for Q4 2024, has been postponed to early 2025. This update is crucial as it will enable users to withdraw staked ETH, bringing more liquidity to the market. Developers cited the need for more testing before the launch.
3. Bitcoin Rallies Above $30K Amidst ETF Speculation
Bitcoin surged past $30,000, driven by renewed speculation that the SEC might approve Bitcoin ETFs soon. Investors are hopeful that the approval could trigger more institutional involvement, driving up prices further. Bitcoinās rise follows a period of market consolidation.
1. Coinbase Expands Futures Trading to Retail Investors
Coinbase, a leading U.S. crypto exchange, has received regulatory approval to offer futures trading to retail investors in the U.S. This move opens up access to crypto derivatives, allowing users to trade Bitcoin and Ethereum futures with leverage, providing more trading options.
2. Ethereum Developers Delay Shanghai Upgrade
Ethereumās long-awaited Shanghai upgrade, initially set for Q4 2024, has been postponed to early 2025. This update is crucial as it will enable users to withdraw staked ETH, bringing more liquidity to the market. Developers cited the need for more testing before the launch.
3. Bitcoin Rallies Above $30K Amidst ETF Speculation
Bitcoin surged past $30,000, driven by renewed speculation that the SEC might approve Bitcoin ETFs soon. Investors are hopeful that the approval could trigger more institutional involvement, driving up prices further. Bitcoinās rise follows a period of market consolidation.
**OKX Set to Relaunch U.S. Exchange with New App in Late 2024**
In an exciting development for the cryptocurrency world, OKX, one of the largest global crypto exchanges by trading volume, has announced plans to relaunch its U.S. exchange with a brand-new app by the end of 2024. This move comes as OKX continues to adapt and expand its services for the U.S. market while navigating evolving regulatory challenges.
The relaunch will bring significant changes, including the introduction of a new app that is designed to offer a seamless, user-friendly experience for both novice and experienced traders. The fresh platform will include a range of new features aimed at improving trading efficiency, security, and accessibility for U.S. users, while maintaining OKXās hallmark of high-performance trading technology.
Along with the debut of the new app, OKX has also confirmed that it will be sunsetting its current U.S. platform, OKCoin, by fall 2024. OKCoin has long been a staple in the crypto industry, but this strategic shift reflects OKXās desire to consolidate its services and better serve U.S. users with a more cohesive and modern platform.
For those already using OKCoin, the transition to the new app should be relatively smooth, with OKX providing support and guidance on how to migrate accounts and funds. This move aligns with OKXās ongoing efforts to enhance the overall user experience and adhere to regulatory standards that govern the U.S. crypto space.
OKX's relaunch in the U.S. marks a significant milestone for the company, as it looks to solidify its presence in one of the world's largest crypto markets. The new app is expected to integrate advanced features such as enhanced security protocols, trading tools, and access to a wider range of cryptocurrencies and digital assets.
#OKX.
In an exciting development for the cryptocurrency world, OKX, one of the largest global crypto exchanges by trading volume, has announced plans to relaunch its U.S. exchange with a brand-new app by the end of 2024. This move comes as OKX continues to adapt and expand its services for the U.S. market while navigating evolving regulatory challenges.
The relaunch will bring significant changes, including the introduction of a new app that is designed to offer a seamless, user-friendly experience for both novice and experienced traders. The fresh platform will include a range of new features aimed at improving trading efficiency, security, and accessibility for U.S. users, while maintaining OKXās hallmark of high-performance trading technology.
Along with the debut of the new app, OKX has also confirmed that it will be sunsetting its current U.S. platform, OKCoin, by fall 2024. OKCoin has long been a staple in the crypto industry, but this strategic shift reflects OKXās desire to consolidate its services and better serve U.S. users with a more cohesive and modern platform.
For those already using OKCoin, the transition to the new app should be relatively smooth, with OKX providing support and guidance on how to migrate accounts and funds. This move aligns with OKXās ongoing efforts to enhance the overall user experience and adhere to regulatory standards that govern the U.S. crypto space.
OKX's relaunch in the U.S. marks a significant milestone for the company, as it looks to solidify its presence in one of the world's largest crypto markets. The new app is expected to integrate advanced features such as enhanced security protocols, trading tools, and access to a wider range of cryptocurrencies and digital assets.
#OKX.
POPCAT, DOGS soar as Bitcoin reclaims $56k
š°š©
Popcat and Dogs are the two top-gaining tokens in the 100 largest cryptocurrencies by market cap as Bitcoin price climbs back above $56,000.
The meme coins $Popcat and $Dogs traded at $0.62 and $0.0011, with 19% and 16% in 24-hour gains respectively at the time of writing.
Upside momentum meanwhile had pushed Bitcoin price above $56,500 as bulls fought to recover from the dip that saw the leading digital asset trade near $53,300 on Sept. 7.
Subheading: Futures listing helps POPCAT, DOGS higher.
Most meme coins have struggled for upward momentum in recent weeks, mainly as the broader market experienced downward pressure throughout August.
However, like many other small cap tokens, Solana based Popcat and Telegram-related Dogs have benefited from a rush of positive sentiment following crucial futures trading support across major exchanges..
Binance recently added POPCAT perpetual contracts, allowing traders to bet on the meme coinās price. This move caused Popcatās price to spike significantly. OKX also added POPCAT futures and outlined a trading contest that offers up to $100 in rewards.
DOGS, which slipped amid the recent arrest of Telegram CEO Pavel Durov, has recovered some of the losses since falling to $0.0009 on Sept. 8. Previously, the Telegram-native meme coin had rallied thanks to Binanceās offering of 40 million DOGS in a contest that ends on Sept. 17.
Binance, OKX, and Bybit are some of the top exchanges supporting the DOGS airdrop and token listing.
$DOGS #popcat $BTC
š°š©
Popcat and Dogs are the two top-gaining tokens in the 100 largest cryptocurrencies by market cap as Bitcoin price climbs back above $56,000.
The meme coins $Popcat and $Dogs traded at $0.62 and $0.0011, with 19% and 16% in 24-hour gains respectively at the time of writing.
Upside momentum meanwhile had pushed Bitcoin price above $56,500 as bulls fought to recover from the dip that saw the leading digital asset trade near $53,300 on Sept. 7.
Subheading: Futures listing helps POPCAT, DOGS higher.
Most meme coins have struggled for upward momentum in recent weeks, mainly as the broader market experienced downward pressure throughout August.
However, like many other small cap tokens, Solana based Popcat and Telegram-related Dogs have benefited from a rush of positive sentiment following crucial futures trading support across major exchanges..
Binance recently added POPCAT perpetual contracts, allowing traders to bet on the meme coinās price. This move caused Popcatās price to spike significantly. OKX also added POPCAT futures and outlined a trading contest that offers up to $100 in rewards.
DOGS, which slipped amid the recent arrest of Telegram CEO Pavel Durov, has recovered some of the losses since falling to $0.0009 on Sept. 8. Previously, the Telegram-native meme coin had rallied thanks to Binanceās offering of 40 million DOGS in a contest that ends on Sept. 17.
Binance, OKX, and Bybit are some of the top exchanges supporting the DOGS airdrop and token listing.
$DOGS #popcat $BTC
Trump-Harris Debate Expected to Trigger Crypto Volatility, Says QCP Capital
Summary:
QCP Capital suggests that the upcoming debate between former President Donald Trump and current Vice President Kamala Harris could significantly impact the crypto market. Given their polarizing political influence, the event is anticipated to drive price fluctuations in the days leading up to the debate.
Subheading:
QCP Predicts Crypto Price Fluctuations Amid Trump-Harris Debate
In its recent market report, QCP Capital notes that while crypto prices have stabilized following a decline, implied volatility remains elevated. Traders are preparing for potential price swings ahead of two major events: the Trump-Harris debate on Sept. 10 and the U.S. Consumer Price Index (CPI) release on Sept. 11, 2024.
The CPI release comes just one week before the Federal Reserve's decision on interest rates. QCP highlights a cautious market sentiment, with risk reversals in Bitcoin (BTC) and Ethereum (ETH) skewed towards puts, reflecting concerns of downside risk.
Despite the short-term volatility and uncertainty, QCP maintains a "structurally bullish" outlook on crypto assets, noting significant long-term trades. The report mentions substantial call option purchases for March 2025, with BTC strike prices at $85,000, $100,000, and $120,000, reflecting continued confidence in the asset's long-term growth.
Discussion Question:
What do you think of QCP's outlook regarding the potential crypto market impact of the Trump-Harris debate and the upcoming CPI release? Share your views below. #crypto #CryptoMarketMoves #CPI_BTC_Watch
Summary:
QCP Capital suggests that the upcoming debate between former President Donald Trump and current Vice President Kamala Harris could significantly impact the crypto market. Given their polarizing political influence, the event is anticipated to drive price fluctuations in the days leading up to the debate.
Subheading:
QCP Predicts Crypto Price Fluctuations Amid Trump-Harris Debate
In its recent market report, QCP Capital notes that while crypto prices have stabilized following a decline, implied volatility remains elevated. Traders are preparing for potential price swings ahead of two major events: the Trump-Harris debate on Sept. 10 and the U.S. Consumer Price Index (CPI) release on Sept. 11, 2024.
The CPI release comes just one week before the Federal Reserve's decision on interest rates. QCP highlights a cautious market sentiment, with risk reversals in Bitcoin (BTC) and Ethereum (ETH) skewed towards puts, reflecting concerns of downside risk.
Despite the short-term volatility and uncertainty, QCP maintains a "structurally bullish" outlook on crypto assets, noting significant long-term trades. The report mentions substantial call option purchases for March 2025, with BTC strike prices at $85,000, $100,000, and $120,000, reflecting continued confidence in the asset's long-term growth.
Discussion Question:
What do you think of QCP's outlook regarding the potential crypto market impact of the Trump-Harris debate and the upcoming CPI release? Share your views below. #crypto #CryptoMarketMoves #CPI_BTC_Watch
Trump-Harris Debate Expected to Trigger Crypto Volatility, Says QCP Capital
Summary:
QCP Capital suggests that the upcoming debate between former President Donald Trump and current Vice President Kamala Harris could significantly impact the crypto market. Given their polarizing political influence, the event is anticipated to drive price fluctuations in the days leading up to the debate.
Subheading:
QCP Predicts Crypto Price Fluctuations Amid Trump-Harris Debate
In its recent market report, QCP Capital notes that while crypto prices have stabilized following a decline, implied volatility remains elevated. Traders are preparing for potential price swings ahead of two major events: the Trump-Harris debate on Sept. 10 and the U.S. Consumer Price Index (CPI) release on Sept. 11, 2024.
The CPI release comes just one week before the Federal Reserve's decision on interest rates. QCP highlights a cautious market sentiment, with risk reversals in Bitcoin (BTC) and Ethereum (ETH) skewed towards puts, reflecting concerns of downside risk.
Despite the short-term volatility and uncertainty, QCP maintains a "structurally bullish" outlook on crypto assets, noting significant long-term trades. The report mentions substantial call option purchases for March 2025, with BTC strike prices at $85,000, $100,000, and $120,000, reflecting continued confidence in the asset's long-term growth.
Discussion Question:
What do you think of QCP's outlook regarding the potential crypto market impact of the Trump-Harris debate and the upcoming CPI release? Share your views below. #crypto #CryptoMarketMoves #CPI_BTC_Watch
Summary:
QCP Capital suggests that the upcoming debate between former President Donald Trump and current Vice President Kamala Harris could significantly impact the crypto market. Given their polarizing political influence, the event is anticipated to drive price fluctuations in the days leading up to the debate.
Subheading:
QCP Predicts Crypto Price Fluctuations Amid Trump-Harris Debate
In its recent market report, QCP Capital notes that while crypto prices have stabilized following a decline, implied volatility remains elevated. Traders are preparing for potential price swings ahead of two major events: the Trump-Harris debate on Sept. 10 and the U.S. Consumer Price Index (CPI) release on Sept. 11, 2024.
The CPI release comes just one week before the Federal Reserve's decision on interest rates. QCP highlights a cautious market sentiment, with risk reversals in Bitcoin (BTC) and Ethereum (ETH) skewed towards puts, reflecting concerns of downside risk.
Despite the short-term volatility and uncertainty, QCP maintains a "structurally bullish" outlook on crypto assets, noting significant long-term trades. The report mentions substantial call option purchases for March 2025, with BTC strike prices at $85,000, $100,000, and $120,000, reflecting continued confidence in the asset's long-term growth.
Discussion Question:
What do you think of QCP's outlook regarding the potential crypto market impact of the Trump-Harris debate and the upcoming CPI release? Share your views below. #crypto #CryptoMarketMoves #CPI_BTC_Watch
Key Takeaways
Memecoins can offer high yields, but also exhibit significant volatility and may be prone to rug pulls, where developers abandon the project after raising funds.
When choosing a memecoin, consider its social presence, supply distribution, and how it stands out from other memecoins.
We all know what memecoins areāhighly speculative currencies usually supported by enthusiastic communities. Often represented by animal images or animated characters, memecoins are purely trading instruments, unlike Ethereum and other chains with specific utilities. Despite this, they occupy a significant market share, with multiple memecoins boasting nine-figure market capitalizations. In fact, excluding Bitcoin, Ethereum, and stablecoins, the top 5 largest memecoins today hold a 22% dominance within the top cryptocurrencies.
#memecoinššš
Memecoins can offer high yields, but also exhibit significant volatility and may be prone to rug pulls, where developers abandon the project after raising funds.
When choosing a memecoin, consider its social presence, supply distribution, and how it stands out from other memecoins.
We all know what memecoins areāhighly speculative currencies usually supported by enthusiastic communities. Often represented by animal images or animated characters, memecoins are purely trading instruments, unlike Ethereum and other chains with specific utilities. Despite this, they occupy a significant market share, with multiple memecoins boasting nine-figure market capitalizations. In fact, excluding Bitcoin, Ethereum, and stablecoins, the top 5 largest memecoins today hold a 22% dominance within the top cryptocurrencies.
#memecoinššš
How to Trade Memecoins in 2024
General Tips for Trading Memecoins
1. Study extreme volatility. It is common for memecoins to see 50% drawdowns even in a bull market environment.
2. Stay away from leverage. While most memecoins do not have platforms to host leveraged trading, those with access will likely lead to liquidations.
3. Understand memecoins seasons, adoption waves, culture and parabolic movements.
4. Technical analysis might not work. Memecoins generally trade on sentiments and virality of the project.
5. Understand the upside potential. SHIB did a 1000x from its bottom and is unlikely to 100x from where it is today, a good knowledge on this will cultivate a strong risk management approach.
6. Betting on memecoin leaders. Projects who occupy the throne will likely lead the markets ā with a huge number of memecoins in the market this helps narrow your choices without compromising on upside potential.
7. Holding long term might hurt. Learn to be good at profit taking, majority of memecoins do not have the fundamentals to be held in an entire cycle, view it as a seasonal play.
#mememcoinseason2024 #BinanceTurns7
General Tips for Trading Memecoins
1. Study extreme volatility. It is common for memecoins to see 50% drawdowns even in a bull market environment.
2. Stay away from leverage. While most memecoins do not have platforms to host leveraged trading, those with access will likely lead to liquidations.
3. Understand memecoins seasons, adoption waves, culture and parabolic movements.
4. Technical analysis might not work. Memecoins generally trade on sentiments and virality of the project.
5. Understand the upside potential. SHIB did a 1000x from its bottom and is unlikely to 100x from where it is today, a good knowledge on this will cultivate a strong risk management approach.
6. Betting on memecoin leaders. Projects who occupy the throne will likely lead the markets ā with a huge number of memecoins in the market this helps narrow your choices without compromising on upside potential.
7. Holding long term might hurt. Learn to be good at profit taking, majority of memecoins do not have the fundamentals to be held in an entire cycle, view it as a seasonal play.
#mememcoinseason2024 #BinanceTurns7
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