CRCL soars in its debut on Wall Street as sentiment for stablecoins intensifies
Circle (CRCL) had a spectacular stock market debut on the New York Stock Exchange on June 5, closing the day with a rise of 167% from its initial public offering price of $31, to close at $83 per share. The stock even reached as high as $104 during the day, evoking the euphoria of Coinbase's IPO in 2021. #CRCL
CRCL skyrockets in its debut on Wall Street as sentiment for stablecoins intensifies
Circle (CRCL) had a spectacular stock market debut on the New York Stock Exchange on June 5, closing the day with a 167% increase from its initial public offering price of $31, closing at $83 per share. The stock even rose to $104 during the day, evoking the euphoria of Coinbase's IPO in 2021.
Cryptocurrencies are not considered legal money in South Korea, and exchange platforms, although legal, are governed by a strict regulatory framework. In South Korea, the taxation of cryptocurrencies is an ambiguous area: since transactions with cryptocurrencies are neither cash nor financial assets, they are currently tax-exempt. The Ministry of Strategy and Finance, on the other hand, has stated that it is considering imposing a tax on the profits from cryptocurrency transactions and plans to publish a tax framework in 2022.
Why do you need to understand cryptocurrency market charts?
Reading cryptocurrency trading charts is essential for anyone looking to start trading or investing in cryptocurrencies. After all, these charts provide a visual representation of market data, allowing traders to make informed decisions.
By analyzing price movements and patterns, traders can see market trends directly on the charts, whether bullish or bearish, and predict the future direction of prices. This helps determine the best times to buy or sell assets, as well as where to place different orders to protect trades, such as stop-loss or take-profit orders.
Think of reading these charts as learning to read a map before embarking on a journey. Maps can help predict what the journey will be like. Just as a map helps navigate to a destination by showing the best routes and potential obstacles, cryptocurrency charts guide traders in the market by highlighting trends and potential price movements.
However, it’s not as simple as reading a map when one sits down for a trading session: reading cryptocurrency charts is part of the (quite complicated) school of technical analysis of cryptocurrencies that requires a lot of practice and mastery.
In fact, you will need to learn how to use charts to identify patterns, such as head and shoulders, double tops and bottoms, and triangles, which can indicate potential price movements. For example, a head and shoulders pattern could indicate a trend reversal, while a triangle pattern might suggest the continuation of the current trend.
It’s not easy, but at least after reading this article, you will better understand the fundamentals of cryptocurrency charts. Welcome to a guide on how to read cryptocurrency charts for beginners.
Trading strategies and thorough market analysis are undeniably crucial. However, it is often emotions and psychological factors that distinguish successful traders from the rest. In the ever-evolving landscape of financial markets, not only experience and skill but also a deep understanding of these psychological nuances make a significant difference.
Imagine the euphoria during a winning streak, the paralyzing fear amid a market downturn, the allure of chasing profits, and the pain of unexpected losses.
This article delves into a comprehensive analysis of the complex psychology of trading. We will explore the impact of emotions on trading decisions, including:
How fear and greed can lead us astray.
Why confirmation bias can be detrimental.
How overtrading can silently erode our profits.
The role of market analysis tools, such as Bookmap, in assisting traders.
Basic concepts about cryptocurrency pairs: how they work
A currency pair shows the value of one cryptocurrency in relation to another, allowing them to be exchanged directly. For example, in the BTC pair BTC/USDT, you exchange Bitcoin for Tether. If you buy BTC/USDT, you spend USDT to obtain BTC; if you sell, you convert BTC to USDT.
Currency pairs eliminate the need to convert everything to fiat currency. They facilitate the transfer between assets, especially when one currency is more volatile or trending. Some pairs use stablecoins (like USDT or BUSD) to reduce risk, while others use altcoins or major tokens (like ETH/BTC) for strategic swaps.
Always choose pairs based on your trading goals, liquidity, and volatility. Not all assets are paired directly, so you may need to exchange a base currency like USDT or BTC.
#Liquidity101 Liquidity is the ease with which an asset can be converted into cash (or, in this case, into another cryptocurrency or fiat currency) without significantly affecting its price. In the world of cryptocurrencies, liquidity is essential for traders, investors, and blockchain projects. Here’s a simple explanation with a practical example!
What is liquidity in cryptocurrencies?
In exchanges: A liquid market has numerous buyers and sellers, allowing for quick cryptocurrency exchanges with minimal price fluctuations. For example, Bitcoin (BTC) is very liquid because there is always a high volume of transactions.
In personal finance: it is the ability to convert your cryptocurrencies into fiat money (like USD or EUR) or into other cryptocurrencies without delays or significant losses.
In DeFi projects: liquidity refers to the funds available in a pool (like in Uniswap) to facilitate token exchanges.
Types of liquidity
Market liquidity: The ease of buying or selling a cryptocurrency on an exchange platform. BTC and ETH are examples of high liquidity; a new token from a small project may have low liquidity.
Asset liquidity: The speed at which you can convert your cryptocurrencies into cash. For example, selling BTC on Binance is easier than selling a little-known token.
Liquidity in DeFi pools: funds contributed by users on platforms like Curve or PancakeSwap to facilitate token exchanges.
Why is liquidity important?
For traders: higher liquidity means tighter spreads (the difference between the buying and selling price) and less risk of slippage (price changes during a transaction).
For investors: It facilitates entering or exiting a position without affecting the asset's price.
For projects: Tokens with low liquidity can be volatile and less attractive to investors.
Order Types 101: Mastering Your Trades on Binance 📈
1. Market Order – Executes instantly at the current market price, ideal for immediate entry or exit with minimal slippage.
2. Limit Order – Sets your desired price; ensures control over execution but does not guarantee it will be filled, tailored to your strategy.
3. Stop-Loss Order – Automatically sells your position when the price reaches a predetermined level to minimize losses, essential in 24/7 markets.
4. Take-Profit Order – Secures profits by selling once the asset reaches your profit target without manual intervention, for automated strategies.
5. OCO (One-Cancels-the-Other) – Combines a limit order and a stop order; when one is triggered, the other is automatically canceled for professionals.
6. Post-Only Order – Ensures you add liquidity by rejecting execution if the order would be immediately matched; perfect for market makers.
7. Immediate-Or-Cancel (IOC) – Executes any available portion immediately and cancels the rest that is not filled to optimize trading efficiency.
8. Fill-Or-Kill (FOK) – Requires the entire order to be executed instantly or it is completely canceled, avoiding partial fills.
9. Hidden Order – Hides the order size from the order book, allowing high-volume traders to minimize market impact.
10. Trailing Stop Order – Dynamically adjusts the stop price as the market moves in your favor, protecting gains while allowing profits to run.
Notice: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
Cryptocurrency trading is conducted on main platforms: CEX (Centralized Exchange) and DEX (Decentralized Exchange). On CEX like Binance, trading is fast, user-friendly, and has high liquidity. You have customer support, advanced tools, and easy fiat deposit options. DEX platforms, like PancakeSwap or Uniswap, offer more control but are a bit complex: you need to connect the wallet, pay gas fees, and face limited liquidity issues. If you trade the HIFI/USDT pair on Binance, you get more liquidity and smooth execution. However, on DEX you trade directly from the wallet. Both have their own roles: the wisdom lies in choosing the platform according to your strategy and comfort.
Bitcoin is trading today at 84,842.05 dollars, which implies a change of 2.78% in the last hours.
The second most popular virtual currency in the market, Ethereum, has shown a movement of 2.77% in the last 24 hours, making its value 1,874.03 dollars.
Regarding Tether US, it is trading at 1 dollar, which means it had a movement of 0.01% in the last day.
On the other hand, BNB has a value of 601.08 dollars, with a change of -0.66%, while Litecoin stands at 82.83 dollars after a variation of -0.25%.
Finally, Dogecoin, one of the cryptocurrencies that was boosted by Elon Musk, has a value of 0.17 dollars after presenting a change of 3.39% in the last 24 hours.
#VIRTUALWhale The unknown cryptocurrency whale purchased over $10 million worth of the Virtuals Protocol (VIRTUAL) cryptocurrency, which serves as the utility token of the AI agent launchpad.
The purchase generated over $11.5 million in unrealized profits over the past 19 days, according to on-chain intelligence platform Lookonchain.
$LTC Daily transactions on the Litecoin network have reached $9.6 billion per day, while exchange-traded fund issuers have been making efforts to list their proposed Litecoin ETFs in the United States.
#GasFeeImpact In summary, the Gas Fee has a significant impact on the economy and functionality of blockchain networks, and it is important to consider it when designing and developing applications on these networks.
#WalletActivityInsights We analyze fund movements Wallet activity can signal market trends: 🔹 Increase in large transfers – preparation for sales or accumulation. 🔹 Withdrawals from exchanges – long-term storage, bullish signal. 🔹 Inflows into exchanges – possible sales, bearish signal. Do you follow on-chain data? What trends do you see now?
SOLUSD has reached a bottom within a megaphone pattern. The 1D RSI indicates oversold conditions, reminiscent of the minimum on December 22, 2024. This presents a promising setup for a potential bullish momentum.
#TokenMovementSignals concept that refers to the implementation of signals or alerts in real-time that notify users about significant movements of tokens on the blockchain. These signals can be used by investors, exchanges, and developers to monitor large transfers of cryptocurrencies, identify suspicious patterns, and make informed decisions.