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Famous Crypto Trader Suffers Millions in Losses Amid Bitcoin's Turmoil
- James Wynn, a trader on the Hyperliquid platform who once held a nominal position valued at a billion dollars, has taken a hit due to a decline in investor appetite for Bitcoin.
Wynn's current position in Bitcoin, which uses high leverage, seems to be struggling significantly to maintain, as he incurred a loss of nearly $100 million over the past week.
Wynn's current position in Bitcoin, which uses high leverage, seems to be struggling significantly to maintain, as he incurred a loss of nearly $100 million over the past week.
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Elon Musk publicly criticizes Trump after his decision to withdraw from the government
Elon Musk strongly criticizes the proposed new tax bill from US President Donald Trump, which was passed with difficulty in the House of Representatives, arguing that it exacerbates the budget deficit instead of reducing it, and undermines efforts to control government spending.
📉 Musk, who recently withdrew from the 'Government Efficiency Department,' expressed his discontent in an interview with CBS, stating that the project represents 'massive spending' that contradicts financial efficiency goals. This project, filled with tax cuts, was described by Trump as 'big and beautiful,' but it has faced criticism even from within the Republican Party due to its high cost and potential negative impact on the US economy.
📉 Musk, who recently withdrew from the 'Government Efficiency Department,' expressed his discontent in an interview with CBS, stating that the project represents 'massive spending' that contradicts financial efficiency goals. This project, filled with tax cuts, was described by Trump as 'big and beautiful,' but it has faced criticism even from within the Republican Party due to its high cost and potential negative impact on the US economy.
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Bitcoin Predictions This Week
After seven consecutive weeks of
uptrends, Bitcoin is entering a new phase of price discovery! 🚀
Are we on the brink of a strong leap or an upcoming correction? Follow our analyses to always be in the position of smart decision-making 💡
#Bitcoin #Cryptocurrency_Trading #Technical_Analysis #Financial_Markets #Bitcoin_Predictions #BTC #Smart_Trading #Digital_Investment #
$BTC
After seven consecutive weeks of
uptrends, Bitcoin is entering a new phase of price discovery! 🚀
Are we on the brink of a strong leap or an upcoming correction? Follow our analyses to always be in the position of smart decision-making 💡
#Bitcoin #Cryptocurrency_Trading #Technical_Analysis #Financial_Markets #Bitcoin_Predictions #BTC #Smart_Trading #Digital_Investment #
$BTC
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🛢️📈 Oil prices rebound as trade tensions ease and markets show optimism!
Brent crude prices rose above $65 per barrel after U.S. President Donald Trump announced an extension of the deadline for imposing additional tariffs on the European Union, easing the pressures that have affected the markets over the past weeks.
⬅️ Trump decided to postpone the tariffs until July 9 after a call with the President of the European Commission, which gave the markets a boost of optimism, coinciding with a rise in global stock markets as well.
📉 Oil had been under pressure since mid-January due to comprehensive tariffs and retaliatory measures, negatively impacting global demand forecasts. But now the indicators have started to turn partially positive.
🛢️ On the other hand, the anticipated OPEC+ meeting on Sunday is the most prominent event that the markets are awaiting, during which the production policy for July will be discussed amid expectations of a potential increase in supplies. Any significant increase could pressure prices again.
📊 Initial comment from Hans Rieken, Head of Commodity Strategy at Saxo Bank:
“The markets reacted to Trump's postponement of the tariffs as expected, and oil saw a slight rebound. Attention is now turning to the OPEC+ meeting and the possibilities of increased production.”.
#binancebizza
Brent crude prices rose above $65 per barrel after U.S. President Donald Trump announced an extension of the deadline for imposing additional tariffs on the European Union, easing the pressures that have affected the markets over the past weeks.
⬅️ Trump decided to postpone the tariffs until July 9 after a call with the President of the European Commission, which gave the markets a boost of optimism, coinciding with a rise in global stock markets as well.
📉 Oil had been under pressure since mid-January due to comprehensive tariffs and retaliatory measures, negatively impacting global demand forecasts. But now the indicators have started to turn partially positive.
🛢️ On the other hand, the anticipated OPEC+ meeting on Sunday is the most prominent event that the markets are awaiting, during which the production policy for July will be discussed amid expectations of a potential increase in supplies. Any significant increase could pressure prices again.
📊 Initial comment from Hans Rieken, Head of Commodity Strategy at Saxo Bank:
“The markets reacted to Trump's postponement of the tariffs as expected, and oil saw a slight rebound. Attention is now turning to the OPEC+ meeting and the possibilities of increased production.”.
#binancebizza
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