GM, bulls🐂! The crypto market keeps shaking out the weak hands, so at times like this, it's best to close the charts and take some time for yourself, which is what I did
🧵 A quick market update: why are we falling?
⚠️ Over the past 24 hours, more than $700 million has been liquidated in the crypto market, most of which was in long positions. Also, over the past day, the crypto market has lost more than $130 billion
📊 Such sharp price swings are occurring amid uncertainty over US economic data
📈 Gold and silver have reached new all-time highs. When traditional assets grow like this, they draw liquidity from other markets. Money is flowing out of crypto and into gold and silver
🇺🇸 At the same time, the US government shutdown and rising inflation expectations are only adding to the fear. According to the New York Fed, inflation forecasts are at a three-year high
🚨 If this continues, the Fed will not be able to lower rates quickly, and liquidity will shrink. That is why markets are nervous
#CryptoMarket @Bitcoin #CryptoTrading @ethereum #CryptoNews #CryptoCommunity
@Iam_Charlieboy@irys_xyz In an era where data is becoming the new currency, projects such as @irys_xyz offer unique solutions for transparent and scalable information storage. How important do you think it is for future applications to be able to verify and price data on the blockchain in real time?
@LyraQuinne@Infinit_Labs As DeFi becomes smarter, users only need to press a single button, and agents do the rest. Do you think this approach will really simplify mass adoption, or will it add a new black mirror between the user and the protocol?
@Cryptomagic75@binance@cz_binance When the market becomes particularly volatile, the stable operation of exchanges is a matter of user trust. What do you think could be the reason for Binance's instability during such crashes, especially when other platforms continue to function at this time?
@FlowCreates_@vicsclarissa@netrovertHQ @Crypto_Maliel @Ifee_lovee@DUKETHAGREAT@0xDipo Sometimes a single phrase can change the direction of an entire journey, especially if it is honest and hits the mark. Why do you think such directness can be even more useful than praise in the context of Web3?
@Shahzaib0x@Lombard_Finance Many say that Bitcoin is just an asset for storage. But if it can be used in DeFi without losing exposure, wouldn't that be a real boost to its widespread use?
@GuruNgerem@brevis_zk@HeyElsaAI When the market stalls, it is technology that continues to move forward. Which of these projects do you think will be the first to become a familiar tool for the wider Web3 audience?