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🚨 The recent decline in Bitcoin and Ethereum has accelerated alongside a sharp sell off in U.S. technology stocks.
Bitcoin ( $BTC ) has fallen below $63,000, while Ethereum ( $ETH ) has dropped under $1,700.
So what’s driving the downturn?
Let’s break it down👇
🔴 Heavy selling in U.S. tech stocks
Major names like $Alphabet, $Amazon, $Meta, and $Microsoft are under pressure, dragging the Nasdaq lower. Markets are increasingly questioning how quickly massive AI related capital expenditures will translate into real profits.
🔴 Sharp decline in #SpaceX ( $SPCX ) sentiment
A steep drop in SpaceX shares has also weakened overall risk appetite. Concerns around large scale debt financing plans have fueled fears that AI and infrastructure spending may be getting out of control, deepening the tech sell off.
🔴 Mixed geopolitical signals from U.S. Iran talks
Progress in negotiations could normally ease oil prices and support risk assets. However, Fed uncertainty and ongoing tech sector weakness are overshadowing any positive macro developments.
🔴 Global risk-off move is broadening
The sell off is not limited to the U.S. MSCI Asia Pacific is down nearly 2.9%, Japan’s Nikkei is off around 3%, and South Korea’s Kospi has fallen more than 8%. This signals a broader deterioration in global risk sentiment.
🔴 Weak demand in Bitcoin spot ETFs
Outflows from Bitcoin ETFs have now extended into a sixth consecutive week, with institutional buying still absent.
Bottom line:
The core issue right now is not crypto specific weakness it’s a global risk off shift, where capital is broadly exiting risk assets.
I’ve met a moral scammer for the first time in my life xD
This kind of thing only happens in crypto, honestly it wouldn’t happen anywhere else.
A scammer steals $220,000 worth of crypto from a guy, then sends back $203,000 and keeps $17,000 as “compensation.”
Here’s what happened:
The guy accidentally copied the wrong wallet address from his transaction history.
The scammer had previously sent him a small amount of crypto, so the fake address looked familiar.
Without paying attention, the guy trusted the familiar-looking beginning and end of the address and accidentally sent $220,000 worth of coins to the scammer.
After receiving the funds, the scammer kept $17,000 for himself and sent $203,000 back.
He even added a note to the transaction:
“Sorry, this is too much money, please take it back. I know it was hard earned money.”
$BTC #CRYPTO $ETH
🚨 New Fed Chair Kevin Warsh held his first FOMC press conference last night. Let’s break down what happened together.
The Fed kept interest rates unchanged, but the accompanying statements were more restrictive than expected.
Currently, out of 18 Fed members, 9 expect at least one rate hike in 2026, while 6 members expect more than one hike. Only 1 member is forecasting a rate cut.
It is projected that the long discussed 2% inflation target will not be reached until 2028. This also pulls down growth expectations.
What this implies is that inflation is still seen as a serious issue, and a high interest rate environment may persist for some time.
We saw Kevin Warsh take a noticeably different approach compared to Powell.
Warsh announced that the Fed will move away from its forward guidance policy. Instead of long-term projections, it wants to react based on real-time economic data, inflation, and labor market conditions.
Overall, it was a meeting with fewer details than expected. High interest rates are likely to remain on the Fed’s agenda for a while. At the same time, transparency at the Fed also appears to be increasing.
$BTC #FED