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The cryptocurrency market has seen a massive crash in the past 60 minutes. Nearly $410 million worth of short positions have been liquidated during this period.
👉 Traders have suffered huge losses as a result of the sudden price increase, which has created instability in the entire market situation.
$SUI is technically strong and a competitor to Solana. However, the monthly token unlocks can put pressure on the price. In the long term of 5 years, it is likely to go to $20+, but there may be big dumps at times. So it is wise to do DCA instead of investing all at once.
👉 Although there is risk, there is a possibility of getting big rewards if you are patient.
Today's CPI is estimated at 2.7%. If inflation comes in lower than this forecast, there could be a big rally in the stock and crypto markets. On the other hand, if inflation is high, there is a strong possibility of a market crash.
👉 There could be intense volatility in the markets during the data release.
Google's parent company Alphabet has become the world's fourth tech giant to reach a market value of $4 trillion. The milestone was largely driven by its ability to compete with AI rivals like OpenAI and investor optimism.
👉 It is a testament to Alphabet's growing commercial power.
Japanese Finance Minister Satsuki Katayama recently met with US Treasury Secretary Scott Besant. Both expressed deep concern about the yen's unusual depreciation. The Japanese finance minister said Tokyo is ready to intervene directly if necessary to control the currency's one-sided volatility.
👉 The news has sparked renewed speculation about the yen's position in global markets.
Take stronger security measures to ensure the safety of your account. Changing your password, enabling two-factor authentication (2FA), and being wary of phishing links are key. 👉 Always use official channels to keep your crypto assets safe and avoid sharing personal information with anyone.
BTC is currently trading within a Rising Channel and has bounced off the support line. The bullish momentum is intact as buyers hold this formation. A break above the middle of the channel will continue the upward momentum.
👉 However, a break below the lower trendline could see sellers regain control.
Two popular ways to earn passive income from cryptocurrencies are staking and yield farming. Staking is the act of locking up a specific amount of coins to secure the blockchain network, which is relatively safe and easy. Yield farming, on the other hand, involves depositing assets into a liquidity pool and earning rewards.
While it offers higher returns, it also comes with higher risks and complexity.
Federal Reserve Chairman Jerome Powell has been charged with a criminal offense by U.S. prosecutors. The move, which has shaken global markets on Monday, sent gold prices soaring to new records and sent Wall Street futures prices tumbling. Investors are flocking to gold as a safe haven amid concerns about the Federal Reserve's neutrality.
👉 The political turmoil and potential legal action have created uncertainty in the global economy, which is having a direct impact on stock markets.
A bill to ban members of Congress from trading stocks is expected to pass this week. The move is aimed at preventing conflicts of interest and maintaining transparency. If passed, lawmakers will no longer be able to profit personally from the stock market by exerting their influence.
Recently, social media platform X announced that it is working on a feature to track live prices of cryptocurrencies and stocks on its platform.
Smart Cashtags: X's Head of Product Nikita Bier recently announced this feature. Through this, when users mention a specific asset or token (such as $BTC or $TSLA), clicking on it will show its current market price and chart directly on the timeline.
Real-time data: This is basically part of Elon Musk's plan to transform X into an Everything App or financial platform. As a result, users will not have to go to a separate site to see stock prices.
Trading convenience: It is believed that in the future, this feature may also provide the convenience of buying and selling directly with various brokers or exchanges.
👉 From now on, you can see the current price of a crypto or stock by simply seeing its cashtag on X's timeline. This is mainly done to make financial transactions and information exchange easier.