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Bitcoin slumps under US$25,000, lowest in 18 monthsBitcoin tumbled Monday to an 18-month low under US$25,000 (RM110,512) as investors shunned risky assets in the face of a global markets selloff. The world’s most popular cryptocurrency dived about 10 per cent to hit US$24,692 in morning London deals, striking a level last seen in December 2020. World stock markets have plunged since Friday when data showed US inflation at a fresh four-decade high, increasing recession fears. “The correlation between the equity markets and bitcoin continues to” gain strength, said AvaTrade analyst Naeem Aslam. The virtual unit has collapsed 65 per cent in value since striking a record peak in November 2021. — AFP
COINBASE:BTCUSD
by Kenneth4333333
Binance Drops Support For Litecoin, LTC Slumps 11%Binance said it will not support the MimbleWimble Extension Blocks function, which was recently deployed on the Litecoin blockchain. The world’s largest crypto exchange said that it will specifically not accept deposits made through the function, as due to its privacy-heavy nature, the exchange will be unable to verify the sender’s address. ADVERTISEMENT Any funds sent through the function to Binance will be lost, the exchange said in an announcement. Litecoin prices, which were already tracking broader losses in the crypto market, deepened their decline after the announcement. LTC is down over 11% in the past 24 hours at $43.64. While Binance is so far the largest exchange to drop support for the MimbleWimble update, it is far from the first. Several major South Korean exchanges had withdrawn support for Litecoin after the update. Upbit, South Korea’s largest exchange, said the move was intended to protect investors. The exchange will terminate all support for LTC by June 20. The move represents apprehension among centralized crypto exchanges to completely anonymized tokens, or privacy coins. Major privacy coins such as Monero (XMR) and Zcash (ZEC) are banned in several countries due to their anonymous transactions.
BINANCE:LTCUSDLong
by Anthony123111
1
Facebook/META (FB) | Technical Loading Zone!Hi, Meta Platforms slump has attracted quite a lot of interest. Is it a buy, when to buy, why to buy, do I have to buy at all? :) "Why to buy?" - you have to do your homework! I can tell you when to start building your positions if you have decided to invest in Meta. Technically speaking, $170 - $220 is quite a strong area. A lot of criteria match inside the mentioned zone and to me, it looks like quite a decent area to start building your position. Use partial entries because the drop is quite massive (historical - Facebook's owner Meta Platforms saw its stock market value slump by more than $230bn on Thursday, in a record daily loss for a US firm) and the overall market sentiment is pretty much interesting :) Some criteria: 1. Trendline 2. Strong horizontal area 3. Fibo 4. Round number $200 5. 50% drop from ATH 6. Monthly EMA100 Do your own research and invest carefully! Regards, Vaido
NASDAQ:METALong
by VaidoVeek
3