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$USDC I hope many banking entities can adopt this currency for regular use in commerce. In countries like Venezuela, it would be extraordinary not to depend on the dollar or the bolívars. It would help with inflation and the purchasing power.
#StablecoinSurge USDC, issued by Circle, has been praised for its greater transparency compared to USDT. Circle publishes monthly reports detailing the reserves backing the USDC. * USDT, on the other hand, has faced issues with the transparency of its reserves, although in recent years they have been working to improve it. * Stability and Spikes: * Although stablecoins are supposed to maintain a 1:1 peg with the US dollar, they can experience temporary spikes due to market volatility or trust issues. * Recently, certain spikes have been observed in both currencies due to the high volatility of the cryptocurrency market. * Adoption and Use Cases: * USDC and USDT are widely used in cryptocurrency trading, decentralized finance (DeFi), and cross-border transfers. * The adoption of stablecoins continues to grow as more people and businesses recognize their benefits. * There is a growing adoption of USDC on the Solana network. Key points: * Regulation and transparency are critical factors for the future of stablecoins. * The competition between USDC and USDT continues to drive innovation in the stablecoin market. * Stablecoins play an important role in the cryptocurrency ecosystem.
USDT remains the dominant stablecoin in the market, although USDC has been gaining ground, especially in terms of transparency and regulation. * Both stablecoins face increasing competition from other stablecoins and central bank digital currencies (CBDCs). * Regulation and Transparency: * The regulation of stablecoins is a key issue worldwide. Regulators are paying close attention to the stability and transparency of these cryptocurrencies.
#BitcoinBounceBack There has been notable volatility in the market, which has led to significant liquidations. This means that many investors have seen their positions automatically closed due to strong price fluctuations. * There are reports of large liquidations of long positions in Bitcoin, indicating a period of uncertainty in the market.
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The Dow Jones Industrial Average fell by 1.45% and the Nasdaq of technology lost 2%. Not even a couple of encouraging reports showing better-than-expected readings on inflation and unemployment could offset concerns about the escalation of tariffs around the world. Treasury bond yields plummeted in the bond market as pessimism about the economy grew.
#FollowTheLeadTrader Understand the strategy: Although one copies the trader, it is important to know and understand the strategy they are using. In summary: Copy trading can be a useful tool for beginner investors, but it is important to understand the risks and make informed decisions.
#FollowTheLeadTrader How does it work? * Trader selection: The investor chooses which traders they want to follow, based on their historical performance, strategies, and risk level. * Automatic replication: Once the trader is selected, the trades they make will be automatically copied to the investor's account. * Proportionality: The investor can decide how much capital they want to allocate to copying each trader, and the trades will be replicated proportionally. Advantages of copy trading * Accessibility: It allows beginner investors to participate in financial markets without needing deep technical knowledge. * Diversification: You can follow several traders with different strategies, which helps to diversify risk. * Time-saving: It eliminates the need for market analysis and making investment decisions individually. * Learning: Observing the trades of experienced traders can be a way to learn about investment strategies.
Bitcoin (BTC): * Bitcoin remains the dominant cryptocurrency, and its price influences the entire market. * Technical analysts are closely watching key support and resistance levels. * * Technical indicators, such as the RSI and moving averages, suggest a possible short-term consolidation.
#MastertheMarket A very turbulent week of news and declines, I haven't lost much because I have very little, but I imagine that those who invested more lost a lot. I will wait to see if I recover something and of course I will continue investing.