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Moutaz11z

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Frequent Trader
11.7 Months
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#Write2Earn To earn profit from Binance on your posts using the hashtag #Write2Earn, you can follow these steps: *How to earn from Binance using Write to Earn* 1. *Log in to Binance*: Log in to your Binance account. 2. *Creators Center*: Scroll down and click the "+" button. 3. *Write to Earn*: Go to the Creators Center and select Write to Earn. 4. *Add Hashtags and Charts*: Add relevant hashtags and charts to your posts, videos, or polls. 5. *Earn Commission*: You can earn a commission of up to 30% on trading fees when others trade by clicking on the hashtags or candlestick charts in your posts. 6. *Reward Distribution*: The Binance platform calculates the commission weekly and distributes rewards in USD to your funding wallet by Thursday.$BNB
#Write2Earn

To earn profit from Binance on your posts using the hashtag #Write2Earn, you can follow these steps:
*How to earn from Binance using Write to Earn*
1. *Log in to Binance*: Log in to your Binance account.
2. *Creators Center*: Scroll down and click the "+" button.
3. *Write to Earn*: Go to the Creators Center and select Write to Earn.
4. *Add Hashtags and Charts*: Add relevant hashtags and charts to your posts, videos, or polls.
5. *Earn Commission*: You can earn a commission of up to 30% on trading fees when others trade by clicking on the hashtags or candlestick charts in your posts.
6. *Reward Distribution*: The Binance platform calculates the commission weekly and distributes rewards in USD to your funding wallet by Thursday.$BNB
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#Write2Earn Write and Win"? It is a program launched periodically by Binance through its platform or via the Binance Feed, where users can publish useful content (articles, analyses, news, or personal experiences) about cryptocurrencies, and in return, they can earn rewards of up to hundreds of dollars in cryptocurrencies like $USD1 or $BNB .
#Write2Earn
Write and Win"?
It is a program launched periodically by Binance through its platform or via the Binance Feed, where users can publish useful content (articles, analyses, news, or personal experiences) about cryptocurrencies, and in return, they can earn rewards of up to hundreds of dollars in cryptocurrencies like $USD1 or $BNB .
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The Future of Digital Currencies in the Long TermDigital currencies have a large and promising future, and there are strong indicators supporting this trend, despite the ongoing challenges and risks. Here are the main reasons that make the future of digital currencies appear positive: 1. Increasing institutional adoption and major companies: * Bitcoin exchange-traded funds (ETFs): The approval of spot Bitcoin ETFs in major markets like the United States has opened the door for massive capital influx from institutional and traditional investors, increasing the legitimacy and long-term stability of the currency.

The Future of Digital Currencies in the Long Term

Digital currencies have a large and promising future, and there are strong indicators supporting this trend, despite the ongoing challenges and risks. Here are the main reasons that make the future of digital currencies appear positive:
1. Increasing institutional adoption and major companies:
* Bitcoin exchange-traded funds (ETFs): The approval of spot Bitcoin ETFs in major markets like the United States has opened the door for massive capital influx from institutional and traditional investors, increasing the legitimacy and long-term stability of the currency.
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The Concept of Digital Currencies!Digital currencies are a broad concept that includes any currency or money-like asset that is managed, stored, or exchanged primarily on digital computer systems, especially online. Unlike traditional physical currencies (paper or coin money), they do not have a tangible physical existence. Main Types of Digital Currencies:

The Concept of Digital Currencies!

Digital currencies are a broad concept that includes any currency or money-like asset that is managed, stored, or exchanged primarily on digital computer systems, especially online. Unlike traditional physical currencies (paper or coin money), they do not have a tangible physical existence.
Main Types of Digital Currencies:
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Explore the mix of my investment portfolios. Follow me to see how I invest!$BTC {future}(BTCUSDT)
Explore the mix of my investment portfolios. Follow me to see how I invest!$BTC
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The national debt of the United States is the total amount of money that the U.S. federal government owes to the holders of Treasury bonds. The total U.S. federal debt was approximately $36.56 trillion in March 2025. *Components of the national debt:* - *Public debt*: Represents the amount the government owes to bondholders, including individuals, corporations, and foreign financial institutions. - *Intragovernmental debt*: Represents the amount the government owes to its internal accounts, such as the Social Security Trust Fund. *Reasons for the growth of national debt:* - *Government spending*: Increasing government spending can lead to a rise in national debt. - *Taxes*: Insufficient taxes contribute to an increase in national debt. - *Economic crises*: Economic crises, such as the COVID-19 pandemic, can lead to an increase in national debt due to increased government spending and reduced revenues. *Effects of national debt:* - *Increased interest costs*: Rising national debt can lead to increased interest costs, which may affect government spending and the economy. - *Impact on credit rating*: Rising national debt can lead to a downgrade of the United States' credit rating, which may increase borrowing costs. - *Impact on the economy*: Rising national debt can have negative effects on the economy, such as inflation and reduced investment.
The national debt of the United States is the total amount of money that the U.S. federal government owes to the holders of Treasury bonds. The total U.S. federal debt was approximately $36.56 trillion in March 2025.
*Components of the national debt:*
- *Public debt*: Represents the amount the government owes to bondholders, including individuals, corporations, and foreign financial institutions.
- *Intragovernmental debt*: Represents the amount the government owes to its internal accounts, such as the Social Security Trust Fund.
*Reasons for the growth of national debt:*
- *Government spending*: Increasing government spending can lead to a rise in national debt.
- *Taxes*: Insufficient taxes contribute to an increase in national debt.
- *Economic crises*: Economic crises, such as the COVID-19 pandemic, can lead to an increase in national debt due to increased government spending and reduced revenues.
*Effects of national debt:*
- *Increased interest costs*: Rising national debt can lead to increased interest costs, which may affect government spending and the economy.
- *Impact on credit rating*: Rising national debt can lead to a downgrade of the United States' credit rating, which may increase borrowing costs.
- *Impact on the economy*: Rising national debt can have negative effects on the economy, such as inflation and reduced investment.
Today's PNL
2025-06-21
+$0.02
+2.32%
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#USNationalDebt The national debt of the United States is the total amount of money that the U.S. federal government owes to the holders of treasury bonds. The total U.S. federal debt was approximately $36.56 trillion in March 2025. *Components of the national debt:* - *Public debt*: Represents the amount the government owes to bondholders, including individuals, corporations, and foreign financial institutions. - *Intragovernmental debt*: Represents the amount the government owes to its internal accounts, such as the Social Security trust fund. *Causes of national debt growth:* - *Government spending*: Increasing spending can lead to an increase in the national debt. - *Taxes*: Insufficient taxes lead to an increase in the national debt. - *Economic crises*: Economic crises, such as the COVID-19 pandemic, can lead to an increase in national debt due to increased government spending and reduced revenues. *Effects of national debt:* - *Increased interest costs*: Rising national debt can lead to increased interest costs, which may affect government spending and the economy. - *Impact on credit rating*: Rising national debt can lead to a downgrade of the United States' credit rating, which may increase borrowing costs. - *Impact on the economy*: Rising national debt can lead to negative effects on the economy, such as inflation and reduced investment.
#USNationalDebt
The national debt of the United States is the total amount of money that the U.S. federal government owes to the holders of treasury bonds. The total U.S. federal debt was approximately $36.56 trillion in March 2025.
*Components of the national debt:*
- *Public debt*: Represents the amount the government owes to bondholders, including individuals, corporations, and foreign financial institutions.
- *Intragovernmental debt*: Represents the amount the government owes to its internal accounts, such as the Social Security trust fund.
*Causes of national debt growth:*
- *Government spending*: Increasing spending can lead to an increase in the national debt.
- *Taxes*: Insufficient taxes lead to an increase in the national debt.
- *Economic crises*: Economic crises, such as the COVID-19 pandemic, can lead to an increase in national debt due to increased government spending and reduced revenues.
*Effects of national debt:*
- *Increased interest costs*: Rising national debt can lead to increased interest costs, which may affect government spending and the economy.
- *Impact on credit rating*: Rising national debt can lead to a downgrade of the United States' credit rating, which may increase borrowing costs.
- *Impact on the economy*: Rising national debt can lead to negative effects on the economy, such as inflation and reduced investment.
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#USNationalDebt The U.S. national debt has reached unprecedented levels, surpassing $34 trillion, raising serious questions about financial sustainability in the world's largest economy. The continuous increase in government spending without a real balance with tax revenues means we are facing a ticking time bomb that could explode in the face of the global economy, not just the American one. Rising interest rates increase the cost of servicing this debt, putting pressure on the federal budget and reducing the government's ability to fund vital programs such as healthcare and education. All of this is happening in the absence of clear plans for austerity or restructuring. The current situation is not a momentary crisis, but a long trajectory of neglect and excessive reliance on printing and borrowing. $BTC
#USNationalDebt
The U.S. national debt has reached unprecedented levels, surpassing $34 trillion, raising serious questions about financial sustainability in the world's largest economy. The continuous increase in government spending without a real balance with tax revenues means we are facing a ticking time bomb that could explode in the face of the global economy, not just the American one. Rising interest rates increase the cost of servicing this debt, putting pressure on the federal budget and reducing the government's ability to fund vital programs such as healthcare and education. All of this is happening in the absence of clear plans for austerity or restructuring. The current situation is not a momentary crisis, but a long trajectory of neglect and excessive reliance on printing and borrowing.
$BTC
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#SwingTradingStrategy Learn about the "Swing Trading" strategy 🔁 If you can't follow the market moment by moment, the swing strategy might be the best fit for you! 🎯 It relies on capturing medium movements in the market – from two days to several weeks. The trader here tries to enter at the beginning of the wave and exit before its end, instead of sitting on the screen all day. 💡 The most important tools for a swing trader: Technical analysis (candlestick patterns, support and resistance levels) Indicators like RSI and MACD Following news that may move the market 🔍 Its advantages: ✅ Requires less time than day trading ✅ Reduces psychological stress ✅ Suitable for those with jobs or busy schedules ⚠️ Its disadvantages: ❌ Requires patience and commitment to the plan ❌ Sudden news may affect trades 📌 The secret to success? A clear plan + smart risk management + discipline! Have you tried it before? Share your experience 👇 #SwingTradingStrategy
#SwingTradingStrategy
Learn about the "Swing Trading" strategy 🔁
If you can't follow the market moment by moment, the swing strategy might be the best fit for you!
🎯 It relies on capturing medium movements in the market – from two days to several weeks.
The trader here tries to enter at the beginning of the wave and exit before its end, instead of sitting on the screen all day.
💡 The most important tools for a swing trader:
Technical analysis (candlestick patterns, support and resistance levels)
Indicators like RSI and MACD
Following news that may move the market
🔍 Its advantages: ✅ Requires less time than day trading
✅ Reduces psychological stress
✅ Suitable for those with jobs or busy schedules
⚠️ Its disadvantages: ❌ Requires patience and commitment to the plan
❌ Sudden news may affect trades
📌 The secret to success? A clear plan + smart risk management + discipline!
Have you tried it before? Share your experience 👇
#SwingTradingStrategy
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#XSuperApp $XRP Elon Musk plans to make X a super app Yes! Listen closely. X is not just a publishing app now, but it wants to be your bank, your wallet, your broker, and your chat room, all in one app. Soon, you might browse memes, send money, and trade cryptocurrencies without leaving X. No cryptocurrency has been confirmed yet, but come on, it's Elon, do you really think Dogecoin won't sneak in? Cards might also come, so you can invest, lose, and buy snacks using the same app. Will you trade on X? Will it outperform Binance or Robinhood? Or will it just become a place where people lose their money and tweet about it?
#XSuperApp
$XRP Elon Musk plans to make X a super app
Yes! Listen closely.
X is not just a publishing app now,
but it wants to be your bank, your wallet, your broker, and your chat room, all in one app.
Soon, you might browse memes, send money, and trade cryptocurrencies without leaving X.
No cryptocurrency has been confirmed yet, but come on, it's Elon, do you really think Dogecoin won't sneak in?
Cards might also come, so you can invest, lose, and buy snacks using the same app.
Will you trade on X?
Will it outperform Binance or Robinhood?
Or will it just become a place where people lose their money and tweet about it?
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Elon Musk\u003ct-7/\u003e Launching Elon Musk's vision for the Super app \u003ct-42/\u003e Launching Elon Musk's vision for the Super app, known as X Money, aims to integrate various services such as payments, social interaction, and cryptocurrency functionality. 🎯 "Key Features of Money":: 📟*Digital Wallet*: X Money will function as a digital wallet allowing users to easily send and receive payments, similar to popular services like PayPal and Venmo

Elon Musk

\u003ct-7/\u003e
Launching Elon Musk's vision for the Super app
\u003ct-42/\u003e
Launching Elon Musk's vision for the Super app, known as X Money, aims to integrate various services such as payments, social interaction, and cryptocurrency functionality.
🎯 "Key Features of Money"::
📟*Digital Wallet*: X Money will function as a digital wallet allowing users to easily send and receive payments, similar to popular services like PayPal and Venmo
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#SparkBinanceHODLerAirdrop Airdrop is the process of distributing cryptocurrency or new tokens for free to users of cryptocurrency platforms such as Binance. The goal of the airdrop is to promote a new project or reward users who hold certain coins (HODLers) in their wallets. Airdrops often require simple conditions such as holding a specific coin in your account during a certain period, and users usually do not need to take any additional action. **Real Example: SUI Airdrop on Binance Platform** In 2023, Binance conducted an airdrop for the **SUI** coin, which is associated with a new blockchain project. The airdrop was designated for users who participated in the Binance Launchpool program and had staked coins $BNB or other supported coins on the platform. **The participation steps were as follows:** 1. Users staked their cryptocurrencies in Launchpool during a specific period announced by Binance. 2. After the period ended, Binance calculated the average balances of the users. 3. Free coins were distributed to users based on the amount of coins they had staked and the duration of the staking. This type of airdrop encouraged users to hold their coins on the platform and participate in new projects, while also providing them with the opportunity to obtain new coins for free that may increase in value in the future.
#SparkBinanceHODLerAirdrop
Airdrop is the process of distributing cryptocurrency or new tokens for free to users of cryptocurrency platforms such as Binance. The goal of the airdrop is to promote a new project or reward users who hold certain coins (HODLers) in their wallets. Airdrops often require simple conditions such as holding a specific coin in your account during a certain period, and users usually do not need to take any additional action.
**Real Example: SUI Airdrop on Binance Platform**
In 2023, Binance conducted an airdrop for the **SUI** coin, which is associated with a new blockchain project. The airdrop was designated for users who participated in the Binance Launchpool program and had staked coins $BNB or other supported coins on the platform.
**The participation steps were as follows:**
1. Users staked their cryptocurrencies in Launchpool during a specific period announced by Binance.
2. After the period ended, Binance calculated the average balances of the users.
3. Free coins were distributed to users based on the amount of coins they had staked and the duration of the staking.
This type of airdrop encouraged users to hold their coins on the platform and participate in new projects, while also providing them with the opportunity to obtain new coins for free that may increase in value in the future.
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Bitcoin on 1-Day Frame The market is in a phase of fluctuation after a strong upward wave There is a head and shoulders pattern forming, but it has not been broken yet A break below 97,550 confirms the pattern and opens the door for a wider decline A rise above 105,600 - 106,000 invalidates the pattern and restores upward momentum If the neckline is broken with a clear close below 100,350, there will be confirmation of the head and shoulders pattern, which may indicate the beginning of a stronger downward correction
Bitcoin on 1-Day Frame
The market is in a phase of fluctuation after a strong upward wave
There is a head and shoulders pattern forming, but it has not been broken yet
A break below 97,550 confirms the pattern and opens the door for a wider decline
A rise above 105,600 - 106,000 invalidates the pattern and restores upward momentum
If the neckline is broken with a clear close below 100,350, there will be confirmation of the head and shoulders pattern, which may indicate the beginning of a stronger downward correction
My 30 Days' PNL
2025-05-22~2025-06-20
+$0.47
+97.32%
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#PowellRemarks Powell's recent statements have been a major focus in financial markets. Here are some key points regarding his statements - *Monetary Policy Expectations*: In a recent press conference, Federal Reserve Chairman Jerome Powell indicated that the U.S. central bank will continue to monitor inflation and adjust monetary policy according to economic needs. - *Inflation*: Powell noted that inflation still poses a challenge, but he also pointed out that there are signs of price stability. - *Future Interest Rates*: Powell did not provide specific forecasts regarding interest rates, but he indicated that decisions will be driven by economic data. - *Financial Stability*: Powell emphasized the importance of maintaining financial stability and ensuring that the financial system operates effectively. It is important to note that Powell's statements come in the context of the central bank continuing to face economic challenges, including inflation and economic growth. You can follow the latest news and updates from reliable sources such as the Federal Reserve website for more information$BTC
#PowellRemarks
Powell's recent statements have been a major focus in financial markets. Here are some key points regarding his statements
- *Monetary Policy Expectations*: In a recent press conference, Federal Reserve Chairman Jerome Powell indicated that the U.S. central bank will continue to monitor inflation and adjust monetary policy according to economic needs.
- *Inflation*: Powell noted that inflation still poses a challenge, but he also pointed out that there are signs of price stability.
- *Future Interest Rates*: Powell did not provide specific forecasts regarding interest rates, but he indicated that decisions will be driven by economic data.
- *Financial Stability*: Powell emphasized the importance of maintaining financial stability and ensuring that the financial system operates effectively.
It is important to note that Powell's statements come in the context of the central bank continuing to face economic challenges, including inflation and economic growth. You can follow the latest news and updates from reliable sources such as the Federal Reserve website for more information$BTC
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#CryptoStocks Cryptocurrency is fluctuating between rising and falling. Let's consider all possibilities regarding whether the rise plays a role in the increase or decrease of cryptocurrencies. Therefore, the relationship between cryptocurrencies has an impact on global stocks. Thus, the trader observes stocks alongside digital currencies and describes the scene $BTC
#CryptoStocks
Cryptocurrency is fluctuating between rising and falling. Let's consider all possibilities regarding whether the rise plays a role in the increase or decrease of cryptocurrencies. Therefore, the relationship between cryptocurrencies has an impact on global stocks. Thus, the trader observes stocks alongside digital currencies and describes the scene $BTC
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#MyTradingStyle Types of Trading Styles 1. Scalping Enters and exits trades within minutes. Relies on small, quick movements. Requires high concentration and speed in decision-making. Often uses leverage and indicators like RSI and MACD. 2. Day Trading Opens and closes trades on the same day. Does not leave trades open for another day. Relies on news and quick technical analysis. 3. Swing Trading Holds trades for days or weeks. Relies on trends and moving averages. Requires patience and deeper analysis. 4. Position Trading Holds currency or stock for months or even years. Focuses more on fundamental analysis. Concerned with the project or company behind the financial asset. --- ⚠️ Secondly: Components of a Successful Trading Style 1. Market Analysis: Do you use charts? Indicators? News? 2. Capital Management: What percentage of your capital do you enter with? Do you use stop-loss? Or not? 3. Psychological Discipline: Do you exit quickly when you profit? Or do you fear and sell at a loss? Do you follow a plan? Or act randomly? 4. Your Goals for Trading: Do you want daily income? Or do you want to double your capital in the long term? --- 🧠 Example: If you, for instance: Enter the market after hearing news about a currency, And buy without a clear plan, And fear and sell as soon as you see a 5% loss, Then this is an emotional and disorganized approach, and it needs development in terms of: Establishing a plan$XRP
#MyTradingStyle
Types of Trading Styles
1. Scalping
Enters and exits trades within minutes.
Relies on small, quick movements.
Requires high concentration and speed in decision-making.
Often uses leverage and indicators like RSI and MACD.
2. Day Trading
Opens and closes trades on the same day.
Does not leave trades open for another day.
Relies on news and quick technical analysis.
3. Swing Trading
Holds trades for days or weeks.
Relies on trends and moving averages.
Requires patience and deeper analysis.
4. Position Trading
Holds currency or stock for months or even years.
Focuses more on fundamental analysis.
Concerned with the project or company behind the financial asset.
---
⚠️ Secondly: Components of a Successful Trading Style
1. Market Analysis:
Do you use charts? Indicators? News?
2. Capital Management:
What percentage of your capital do you enter with?
Do you use stop-loss? Or not?
3. Psychological Discipline:
Do you exit quickly when you profit? Or do you fear and sell at a loss?
Do you follow a plan? Or act randomly?
4. Your Goals for Trading:
Do you want daily income? Or do you want to double your capital in the long term?
---
🧠 Example:
If you, for instance:
Enter the market after hearing news about a currency,
And buy without a clear plan,
And fear and sell as soon as you see a 5% loss,
Then this is an emotional and disorganized approach, and it needs development in terms of:
Establishing a plan$XRP
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#GENIUSActPass Is it intelligence or the big digital trap?! 🚨💸 In a move described as the biggest turning point in the history of digital currencies, the U.S. Senate passed the GENIUS Act with a resounding majority (68-30). This law establishes the first comprehensive regulatory framework for stablecoins like USDC and USDT – potentially opening the door to flows exceeding $2.5 trillion into the digital market! 📊 ✅ Investors now face a clearer legal environment ✅ Increasing institutional trust ✅ Anticipated growth in DeFi projects and stablecoins But the intriguing question: Is this law a blessing for regulation or the beginning of restrictions on digital freedoms? 🤔 🚀 Are you one of the "geniuses" who will benefit from this law? Or do you see it as just a clever political move? $SOL
#GENIUSActPass
Is it intelligence or the big digital trap?! 🚨💸
In a move described as the biggest turning point in the history of digital currencies, the U.S. Senate passed the GENIUS Act with a resounding majority (68-30). This law establishes the first comprehensive regulatory framework for stablecoins like USDC and USDT – potentially opening the door to flows exceeding $2.5 trillion into the digital market! 📊
✅ Investors now face a clearer legal environment
✅ Increasing institutional trust
✅ Anticipated growth in DeFi projects and stablecoins
But the intriguing question:
Is this law a blessing for regulation or the beginning of restrictions on digital freedoms? 🤔
🚀 Are you one of the "geniuses" who will benefit from this law? Or do you see it as just a clever political move?
$SOL
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#FOMCMeeting #FOMCMeeting Tomorrow, Wednesday, June 18, 2025, the U.S. Federal Reserve will announce its decision regarding interest rates, amidst expectations of significant changes that could impact global financial markets. Many are wondering whether the bank will lower the interest rate or keep it unchanged for the fourth consecutive time. *Impact of the decision on financial markets:* - The Federal Reserve's decision may influence gold, oil, and foreign currency prices. - Investors expect the decision to affect stock performance in global exchanges. - The bank's decision may lead to changes in investment and trading strategies. *Analysts' forecasts:* - Some analysts believe that the Federal Reserve may lower interest rates to boost economic growth. - Others see that the bank may keep the interest rate unchanged due to inflation concerns. *What does the Federal Reserve's decision mean?* - The Federal Reserve's decision regarding interest rates can affect the global economy. - The bank makes its decisions based on a range of factors, including inflation rates, unemployment, and economic growth.$BTC
#FOMCMeeting
#FOMCMeeting
Tomorrow, Wednesday, June 18, 2025, the U.S. Federal Reserve will announce its decision regarding interest rates, amidst expectations of significant changes that could impact global financial markets. Many are wondering whether the bank will lower the interest rate or keep it unchanged for the fourth consecutive time.
*Impact of the decision on financial markets:*
- The Federal Reserve's decision may influence gold, oil, and foreign currency prices.
- Investors expect the decision to affect stock performance in global exchanges.
- The bank's decision may lead to changes in investment and trading strategies.
*Analysts' forecasts:*
- Some analysts believe that the Federal Reserve may lower interest rates to boost economic growth.
- Others see that the bank may keep the interest rate unchanged due to inflation concerns.
*What does the Federal Reserve's decision mean?*
- The Federal Reserve's decision regarding interest rates can affect the global economy.
- The bank makes its decisions based on a range of factors, including inflation rates, unemployment, and economic growth.$BTC
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#VietnamCryptoPolicy The current period is one of the strangest periods in the crypto market. The previous period saw exchanges dropping the market just because Trump tweeted some vague statements or even unimportant economic data. And they would drop significantly from -40% to -70%. Now, with the bombardment and international impact, alternative currencies are holding steady, despite the bearish technical pattern on them. In the past, many countries criminalized the use of cryptocurrencies as a means of payment or even their possession by individuals and companies like Vietnam and others. But they are surprised by the large number of their citizens holding digital assets, forcing them to accept it, then resort to regulating it, and finally accepting and possessing it.
#VietnamCryptoPolicy
The current period is one of the strangest periods in the crypto market.
The previous period saw exchanges dropping the market just because Trump tweeted some vague statements or even unimportant economic data.
And they would drop significantly from -40% to -70%.
Now, with the bombardment and international impact, alternative currencies are holding steady, despite the bearish technical pattern on them.
In the past, many countries criminalized the use of cryptocurrencies as a means of payment or even their possession by individuals and companies like Vietnam and others.
But they are surprised by the large number of their citizens holding digital assets, forcing them to accept it, then resort to regulating it, and finally accepting and possessing it.
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#VietnamCryptoPolicy #VietnamCryptoPolicy Vietnam's encryption policy is relatively strict and reflects the government's cautious stance towards cryptocurrencies like Bitcoin and Ethereum. Here’s an overview of the current situation: 🔐 1. The legal status of cryptocurrencies: Not legal tender: The State Bank of Vietnam (SBV) does not recognize cryptocurrencies as a legal means of payment. Payment in cryptocurrencies is prohibited: Since October 2017, the government announced that the use of cryptocurrencies as a means of payment is illegal and can lead to fines of up to $9,000 or even criminal penalties. Holding and trading: Despite the ban on using them as a means of payment, there is no explicit prohibition on owning or trading cryptocurrencies for investment purposes. This means that individuals can still buy and sell cryptocurrencies through external platforms.$BTC
#VietnamCryptoPolicy
#VietnamCryptoPolicy Vietnam's encryption policy is relatively strict and reflects the government's cautious stance towards cryptocurrencies like Bitcoin and Ethereum. Here’s an overview of the current situation:
🔐 1. The legal status of cryptocurrencies:
Not legal tender:
The State Bank of Vietnam (SBV) does not recognize cryptocurrencies as a legal means of payment.
Payment in cryptocurrencies is prohibited:
Since October 2017, the government announced that the use of cryptocurrencies as a means of payment is illegal and can lead to fines of up to $9,000 or even criminal penalties.
Holding and trading:
Despite the ban on using them as a means of payment, there is no explicit prohibition on owning or trading cryptocurrencies for investment purposes. This means that individuals can still buy and sell cryptocurrencies through external platforms.$BTC
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