🔥 The market splits in two: Bitcoin stagnates and metals soar strongly 🔥
Not even the backing of Washington managed to save Bitcoin, which remains weakened since its peak in October. The leading cryptocurrency has spent weeks fluctuating aimlessly, pressured by waves of selling that prevent it from recovering the lost ground. The story was completely different for safe-haven assets. Amid the decline of stocks and Bitcoin itself, capital migrated toward gold and silver, causing significant rises:
🟡 Gold (futures): rose 6.8%, reaching US$ 4,967 per troy ounce.
⚪ Silver (futures): jumped 10%, settling at US$ 84.78 per troy ounce.
📉📈 Key reading: When the market enters tension, cryptocurrencies suffer… and precious metals once again reign as a safe haven.
In a context of greater caution from investors, bitcoin fell nearly 7% in the last 24 hours, reaching a low close to US$ 73,000, its lowest level since Donald Trump's victory in the presidential elections. Then, the price slightly recovered and was just below US$ 75,000. In total, bitcoin has retreated around 41% from its all-time high, when it surpassed US$ 126,000 in October. The Trump administration has pushed for favorable measures for cryptocurrencies, and the president promised to make the United States the crypto capital of the world. #TrumpEndsShutdown #BinanceSquare $BTC $BNB $ETH Is that true? 🤔 Is it time to take advantage or what do you think?
Tuesday was a tough day, and the nervousness is palpable in the air. Everything was painted red and Bitcoin ($BTC ) fell to prices we haven't seen in a long time (November 2024).
U.S. stocks also suffered sharp declines:
🔻 Technology (Nasdaq): It plummeted by 2%.
🔻 S&P 500: It dropped by 1.25% (just when it was about to break records).
🔻 Dow Jones: It lost 360 points (-0.73%).
Is it a moment of panic or a buying opportunity? 🤔
🚨 BREAKING: PLASMA ($XPL ) CHALLENGES GRAVITY! WHALES VS. MARKET The token $XPL is sending mixed signals that have investors on the edge of their seats. After reaching a market capitalization that flirts with historical resistance levels, the cryptocurrency has recorded a frenzied trading volume of $105 million in the last 12 hours. As the price dangerously oscillates between $0.14 and $0.16, the narrative of Plasma has taken an unexpected turn towards massive institutional utility.
#plasma $XPL 🚀 ¡XPL IN FLAMES!: THE SLEEPING GIANT AWAKENS Plasma (XPL) has shaken the market today with an explosive jump of 15%, reaching $0.17 after weeks of lethargy. What triggered it? A massive trading volume of $111 million driven by the integration of its new pBTC infrastructure, which will allow using Bitcoin as collateral directly on its network.
However, not everything is rosy: the big sharks are nervous. It has leaked that a massive unlocking of 1,000 million tokens looms for July, which could flood the market. While retail traders celebrate the bounce, the whales are watching the key support of $0.14. It’s a total battle between the real adoption of stablecoins and the imminent selling pressure! @Plasma
Today BNB made history: it surpassed US$1,000 for the first time, driven by rumors that Binance is close to closing a deal with the U.S. Department of Justice, which could eliminate compliance requirements that have affected it since its sanction in 2023. Additionally, the Federal Reserve slightly lowered interest rates, giving an extra boost to the crypto market. BNB also surpassed Solana and established itself as the fifth largest cryptocurrency by market capitalization. #BNBETH $BNB
#binanceturns8 Binance Celebrates its 8th Anniversary with a Wave of Promotions and Events for the Global Community
Binance, the world's leading blockchain ecosystem and the largest cryptocurrency exchange by trading volume, commemorates its eighth anniversary today since its founding in July 2017. To celebrate this significant milestone, the company has launched a series of exciting promotions, giveaways, and educational activities designed to thank its vast global community of users.