🔅 The Dow dropped 1,120 points, or 3.3%, on the worst day of the year on Wall Street.
The S&P500 fell 3.7%. The Nasdaq tumbled 5.2%, its worst day since 2020, while the world's stock indices held steady as well as the Dollar Index #DXI which closed at 0%.
"I've been in the markets for 25 years and I've never seen anything like this," said Danielle DiMartino Booth chief strategist for Quill Intelligence, a WS and Fed research firm. "It's violent not just volatile"
🔅 The Russian rouble reached its highest level against the dollar since March 2020, from 165 RUB to bellow 100 RUB for $1 USD
🔅#EURUSD stabilizes around $1.05 which is good news for most foreign currencies not pegged to the US dollar
The S&P500 fell 3.7%. The Nasdaq tumbled 5.2%, its worst day since 2020, while the world's stock indices held steady as well as the Dollar Index #DXI which closed at 0%.
"I've been in the markets for 25 years and I've never seen anything like this," said Danielle DiMartino Booth chief strategist for Quill Intelligence, a WS and Fed research firm. "It's violent not just volatile"
🔅 The Russian rouble reached its highest level against the dollar since March 2020, from 165 RUB to bellow 100 RUB for $1 USD
🔅#EURUSD stabilizes around $1.05 which is good news for most foreign currencies not pegged to the US dollar
Power Crypto Club
Photo
🔅In my post shared on 12/02/2022 regarding precious metals, #Lithium TA (used in industry for batteries but also for specific medical equipment) which had its highest price at $48.38, just made a new ATH at $83, that is an easy +72% increase in 3 months.
Over the past 24 months, #Lithium has seen an outstanding bullish performance of +534%. 🚀
Over the past 24 months, #Lithium has seen an outstanding bullish performance of +534%. 🚀
🔅We remain on commodities... #GOLD or #SILVER?
Both are showing mature bullish "Cup with Handle" patterns and both have a huge demand in the markets, but IMHO it's the #Silver that has the best potential to rise strongly and fastest in the coming years.
Diversifying your portfolio should be your priority and 2-3% of #Silver could be a good choice for a secure long-term investment.
Both are showing mature bullish "Cup with Handle" patterns and both have a huge demand in the markets, but IMHO it's the #Silver that has the best potential to rise strongly and fastest in the coming years.
Diversifying your portfolio should be your priority and 2-3% of #Silver could be a good choice for a secure long-term investment.
Which one is not classified as a Precious Metal? (see result after voting)
Anonymous Quiz
11%
Gold
33%
Osmium
0%
Palladium
11%
Platinum
22%
Lithium
6%
Rhenium
6%
Rhodium
11%
Ruthenium
37,863 BTC‼️This acquisition, totaling roughly $1.5 billion, will be used to further backstop #Terra $Luna’s algorithmic stablecoin $UST.
https://cointelegraph.com/news/luna-foundation-guard-purchases-additional-37-863-btc-as-part-of-reserve-strategy
https://cointelegraph.com/news/luna-foundation-guard-purchases-additional-37-863-btc-as-part-of-reserve-strategy
Cointelegraph
Luna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy
With the purchase, Luna Foundation Guard now holds roughly $3.5 billion worth of Bitcoin.
🛑 As expected but earlier, the NTFs hype has not deflated, but has just burst >>> #NFTs down -92%, #OpenSea Installs down -94%, #Veve down -99%, Crypto Apps down -64%‼️
https://www.siasat.com/nft-sales-plummet-92-several-art-owners-lose-money-2321084/
https://www.siasat.com/nft-sales-plummet-92-several-art-owners-lose-money-2321084/
The Siasat Daily
NFT sales plummet 92%, several art owners lose money
New Delhi: In what could dampen the mood of crypto lovers, sales of non-fungible tokens (NFTs) have fallen a massive 92 per cent since September last
🔅TOKENOMICS: Supply risks (AVAX, LUNA, NEAR...)
Money does not make a project worthwhile and just because billions are flooded in does not mean it will attract users. The usefulness is not correlated to the money raised by the various projects. We are in a hyper-competitive environment and 95% of all projects released today will die within 2 years.
$NEAR Chart: we can see that the supply has been x3 in 12-month, while its token price has increased x10 over the same period, meaning that the price of this token has nothing to do with its value. It's much worse with $AVAX which had an inflation of 115% in 1 year!
It doesn't mean that they are bad projects, it just means that their relative market cap when they go up, will not result in a token increase, because it's their supply that increases their market cap.
This info comes from Phil's VDO in French, but you can use the subtitles in your language. www.youtube.com/watch?v=Wv7mTnWcxEo
Money does not make a project worthwhile and just because billions are flooded in does not mean it will attract users. The usefulness is not correlated to the money raised by the various projects. We are in a hyper-competitive environment and 95% of all projects released today will die within 2 years.
$NEAR Chart: we can see that the supply has been x3 in 12-month, while its token price has increased x10 over the same period, meaning that the price of this token has nothing to do with its value. It's much worse with $AVAX which had an inflation of 115% in 1 year!
It doesn't mean that they are bad projects, it just means that their relative market cap when they go up, will not result in a token increase, because it's their supply that increases their market cap.
This info comes from Phil's VDO in French, but you can use the subtitles in your language. www.youtube.com/watch?v=Wv7mTnWcxEo
Poll: Will Bitcoin bounce back from $30K? (See results after voting)
Anonymous Poll
35%
Yes, BTC will rebound quickly to $35K
32%
No, BTC will continue to fall below $30K
26%
BTC will stabilize around $30K mark
6%
I really dunno!
🛑 In the last 24-hour, we've seen another $1 billion in liquidation... mostly newbies hoping to hit the jackpot with long margins, leveraged tokens, or even Binance futures! Guys, stay away from all these financial products which are intended only for very experienced traders who know how to calculate their risk management as accurately as possible.
🛑 Terra's Luna Collapsing‼️
$LUNA dives -77% in the last 24-jour and continues to fall, after the network's #Stablecoin $UST lost its dollar peg again.
The reasons remain unclear but an organized attack seems to be the cause of this collapse, adding to the pressure on $BTC and the whole Alts market.
At this stage, your biggest mistake would be catching that falling knife... Stay tuned!
#LUNAUSD #USTUSD
$LUNA dives -77% in the last 24-jour and continues to fall, after the network's #Stablecoin $UST lost its dollar peg again.
The reasons remain unclear but an organized attack seems to be the cause of this collapse, adding to the pressure on $BTC and the whole Alts market.
At this stage, your biggest mistake would be catching that falling knife... Stay tuned!
#LUNAUSD #USTUSD