As I like to remind my friends - if you are not trading crypto, you are not paying attention to the new economy happening primarily on mobile devices and various blockchain specific wallet-based swapping platforms like Ape.pro on Jupiter, UNIUSD Uniswap, and SOLUSD Solflare, and the ever expanding Base ETH markets on Uni and elsewhere. Don't for get to buy DICKBUTT on Base when you have some spare ETHUSD or OPUSD to convert to use on Base.
The real beauty of the markets of Optimism, ZKUSDC, Base/ETH and more on Uniswap is the very low fees, almost no fees compared to the terrible nightmare that is ETH fees... Get to know and love trading Optimism and Base tokens with practically no fees!! Who knew? Well some of us do. Stay careful of unknown tokens and strange "airdrops" that show up in your Uniswap wallet, they could be malicious smart contracts designed to steal your coins.
As Bitcoin (BTC) fails to hold above $100,000 for the fifth consecutive try, the cryptocurrency market plunged by 8.3% in a few hours. Here's why meme coins suffer the most while some of them are already back to surging.
On the upside, we do have more crypto-friendly people being appointed to government positions, especially in the US which has faced an uphill battle against current crypto regulators.
BTCUSD is down, but so is every token in every market right now. There will be a recovery, even if timeframe is uncertain. We are still just weeks before the American presidential transition which will cause even more shake up in the world economy.
How will the rest of the week develop? Will we see a return to positive trends in alt-coin markets and a recovery of BTC beyond the magic 100k mark? Watch your charts and keep your favorite indicators handy.
Remember habibi, the desert tests your will, not your strength.
Any opinion, analysis, or other information contained in these posts and reports is provided as general commentary on the market and for educational purposes only. Past performance does not guarantee future performance.
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