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Cryptocurrencies generally rose on Thursday (2nd), with Bitcoin prices hitting a 17-month high after signs showed that the Federal Reserve's interest rate meeting stance was more dovish than market expectations, and traders no longer bet that the Federal Reserve will continue to raise interest rates. and triggered a weakening of the U.S. dollar.
As of 13:39 Singapore time, within 24 hours, the price of Bitcoin, the world's largest cryptocurrency by market capitalization, rose 2.58% to US$35,232.9. It once rose to US$35,907.6 early, setting a new high since May 2022.
Ethereum, the world's second-largest cryptocurrency, rose 2.22% to $1,840.34, close to a three-month high.
At the same time, the U.S. dollar index fell 0.46% to 106.39.
Historically, the fourth quarter has generally been Bitcoin’s best quarter, with average quarterly returns of over 35% over the past nine years.
October-November is the strongest month for Bitcoin. In 7 of the past 9 years, Bitcoin’s returns in October have been positive, with an average return of 20%.🤑
Thanks to our 1.1M active users this month. No matter the market ups and downs, we stay strong and connected. Let’s keep #TRONLUXE together!
🤗The community speaks for itself!
TRX has taken the top spot as the Most Voted Platform Ranking Project. 🏅
💪Thank you to all our supporters for your continued trust and belief in TRON. Let’s keep pushing forward!🔥 TRONLUXE.VIP
Bitcoin stands at 30280 waiting for a new round of high tide signals. BlackRock CEO Larry Fink said demand for bitcoin is growing among gold investors, emphasizing that they seek a hedge against a long-term decline in the U.S. dollar. The data shows that North American retail investors continue to pour into the Canadian Purpose Bitcoin ETF, betting on 5,638 Bitcoins within two months, which is about 170 million U.S. dollars. They are optimistic that the BlackRock spot ETF will officially clear the customs.
A bitcoin spot ETF is expected to be approved by the U.S. Securities and Exchange Commission (SEC), and an optimistic market means that bitcoin is on the rise. However, if the SEC finally approves a bitcoin spot ETF, it won't be the first in the world. That honor goes to Ontario, Canada, where Purpose Investments holds the title of the world's first Bitcoin ETF, which was approved by the Ontario Securities Commission in 2021.
As investors bet on the approval of the spot Bitcoin ETF, Bitcoin surged 11%, breaking through the $33,000 mark.
Coinglass data shows that due to the rapid rise in Bitcoin prices, more than 80,000 people liquidated their positions within 24 hours, with the liquidation amount amounting to US$335 million.
In addition to Bitcoin, other cryptocurrency prices also rose rapidly, with Ethereum rising 5% to $1,767, and BNB rising 5% to $229.
tronluxe is a new liquidity mining profitable project. Our company is a virtual currency mining company. We use the TRX deposited by users to mine together to obtain profits, and then distribute them to users. We get some profit variance out of it. This is a win-win investment project.
The virtual currency is generated by calculating the power and time consumed by the CPU. Any computer can become a miner, but the reward will be very low, and you may not get bitcoin for ten years. Our company has developed a bitcoin-specific mining machine, equipped with a dedicated mining chip, which runs several times faster than ordinary computers. We use mining machines to mine, and everyone invests together to generate income and profits.
"Being in a bear market is just like being in a bull one; it’s all about building resilience for longevity and staying afloat. Strong products and strategies build the foundation towards thriving in bull runs." - H.E Mr. Justin Sun
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Meeting with the Prime Minister of Barbados, Mia Amor Mottley, and her cabinet, including the Ministers of Treasury, Economic Affairs, Investment, Energy, Small Business and Entrepreneurship.
Countries around the world will eventually fall into three categories: One category of countries will continue to use traditional fiat currencies. Some countries will start to adopt CBDC, that is, issue central bank digital currency. Another type of country may adopt cryptocurrencies such as Bitcoin as its legal tender or financial settlement currency in the future, such as El Salvador and Caribbean countries. "
According to the blockchain browser TRONSCAN data, in the past 4 days (10.28-10.31), #TRX has been in a state of deflation continuously, with a total of 9.36 million #TRX. Among them, on October 29, the amount of #TRX destroyed reached 8,175,499 pieces, which is the fifth time since 2021 that the amount of #TRX destroyed has exceeded the 8 million mark.
This time, Sun Ge Huobi Dream Fund, a grand award was awarded to Liang Xi
Continue to open positions and fight in Huobi Futures with an absolutely safe 20,000 BTC contract risk margin! May the people in the coin circle live up to this trip, stick to their dreams in the bear market, be tenacious in the setbacks, and breed rainbows in the wind and rain!
I didn’t expect that the first bell in my life would appear in this form. The Valkyrie Bitcoin #ETF, which I am the largest investor, has been officially approved by the US SEC. We will officially trade on Nasdaq on Friday, which is both BITO Second Bitcoin #ETF after that, ticker #BTF!
It is not true that the exchange of cash is reported on the Internet. The transaction with USDC Circle is only internal fund arrangement and deployment. There are a lot of double calculations in the transfer in and out. As the business develops better and better, the related fund arrangement and deployment will increase. For the development of the industry is a good thing. We are highly optimistic about the blockchain, vigorously recruiting, and continue to increase our holdings of TRX, HT and other Tron series Dominican fiat currencies, and be a glorious legal currency holder!
The first quarter is over, and the financial status of the group is disclosed to the public to improve transparency. The Q1 market is in a bear market, and the main exchange business of Huobi is in a state of integration. profit. In the first quarter, a large number of measures were taken to reduce costs and increase efficiency. It is conservatively predicted that the revenue in the second quarter will be US$187 million, the expenditure will be US$76 million, and the quarterly profit will be US$111 million.
Sun Yuchen paid intensive visits to political and business leaders from all walks of life in the Hong Kong Special Administrative Region, including former members of the Standing Committee of the 13th National People's Congress and Hong Kong National People's Congress representatives, chairman of the Democratic Alliance for the Betterment of Hong Kong, and members of the Hong Kong Legislative Council. Secretary-General "Mr. Tan Yaozong, the two sides had a cordial conversation and dialogue. 🇭🇰
🔥TRON, Huobi, DMC Labs and the Dominica government have reached a major cooperation. The Dominica government authorizes TRON #TRON to issue Dominica’s national token DMC (Dominica Coin) and decentralized digital identity (DID). Those who have tokens will be granted Dominica national digital identity.
❤️Thank you very much for the strong support of Dominica and the Prime Minister of Dominica, and look forward to more cooperation in the future.
The above words are not the platform’s position, but just some of my personal opinions: the platform never encourages users to use high leverage or long-term leverage to short or go long. The fluctuation of digital currency is extremely violent. This strategy has long been thought to be 100% loss of all principal. This is determined by the mathematical strategy itself. If you go to the right direction of wealth freedom, if you go to the wrong direction, you will not be able to go on the road of rights protection platform, because the platform's model is a service fee model, and it does not gamble with users.
