Bitcoin price drop: these are the possible reasons for the downturn:
On Wednesday night, Bitcoin’s price dropped by approximately 6% to nearly $58,000, breaking thus clearly below the $60,000 mark.
Volatility : Such fluctuations are common for BTC, as seen many times in the past.
Market Movement Reasons : The reasons for these movements are often hard to pinpoint, even for experts. This time, it seems to be a mix of:
Selling pressure from a Bitcoin whale
Liquidations in the futures market
Uncertainties regarding upcoming US economic data
Possible distribution of Mt.Gox coins
Mt.Gox Coins Distribution : BitGo might have started distributing Mt.Gox coins on Tuesday afternoon, as suggested by a transaction. Social media speculates this could have contributed to the BTC price drop.
Bitcoin Whale Selling Pressure : Around 23:15 CET on Tuesday, a transaction of 2,300 BTC worth over $136 million was sent to the Kraken exchange by a Bitcoin whale, who still holds over 18,140 BTC worth more than $1 billion.
Overleveraged Futures Market : Fear of further selling pressure led to a cascade of liquidations in the futures market. According to Coinglass, about 90,000 traders and nearly $320 million were liquidated in the last 24 hours, with long positions accounting for over $260 million.
US Economic Data : Upcoming US economic data and company quarterly reports, such as those from Nvidia and inflation data (PCE), could have caused further uncertainty among investors. Federal Reserve Chairman Jerome Powell announced a potential shift in monetary policy (rate cuts), but it remains dependent on upcoming economic data.
Current BTC Price : The BTC price has since recovered slightly and is trading just above $60,000.
#Bitcoin #Markets #Price
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Bitcoin fällt erneut unter 60.000 US-Dollar – Das sind die möglichen Gründe
Der Bitcoin-Kurs ist in der Nacht zu Mittwoch erneut unter die Marke von 60.000 US-Dollar gefallen. Was könnten die Gründe für diesen Preisrück...
More and more Democrats are coming out in support of Trump, and this is no coincidence. Meanwhile, in leading European media, Kamala Harris is praised non-stop with great fanfare, supporting the socialist ideas of the Democrats, which is also no coincidence. Change my mind.
#Democrats #Trump #USElections #Republicans #KamalaHarris #EU #Europe #Mainstream #media
Defending the Indefensible: The Crucial Balance Between Censorship, Freedom of Speech, and Privacy
In an era where information is power, the debate over censorship, freedom of speech, and privacy has never been more critical. These three pillars are not just legal constructs but are foundational to the health of any democratic society. Here's why defending these principles, without a grey zone, is paramount:
Freedom of Speech: This is the bedrock of democracy, allowing for the exchange of ideas, criticism of governance, and the voicing of dissent. Without it, society stagnates, innovation wanes, and tyranny can flourish. Defending freedom of speech means advocating for an environment where all ideas, no matter how unpopular, can be expressed. This isn't about endorsing hate or falsehoods but ensuring that the marketplace of ideas remains open, where truth and falsehood can be debated openly.
Privacy: The right to privacy is intrinsic to personal freedom. It protects individuals from surveillance, ensuring that personal beliefs, behaviors, and information remain private unless willingly shared. Privacy is not just about keeping secrets; it's about autonomy, security, and the freedom to think and act without fear of unwarranted scrutiny or coercion.
Censorship: Here lies the paradox. While freedom of speech must be defended, there's an argument for censorship in very specific contexts, like preventing imminent harm or protecting national security. However, the line must be drawn with precision. True defense against censorship means opposing its overreach, where it stifles legitimate expression under the guise of safety or morality. The challenge is to ensure censorship, when applied, targets only the most egregious threats to societal well-being, not to silence dissent or protect the powerful from criticism.
The No-Grey-Zone Stance:
When it comes to these issues, there's an argument for absolutes. One either supports the principle of free speech, privacy, and the minimal, justified censorship, or one doesn't. Middle grounds often lead to slippery slopes where exceptions become rules, eroding these rights incrementally. Defending these rights means understanding that each encroachment, no matter how small, sets a precedent for further erosion.
In conclusion, defending freedom of speech, privacy, and the right approach to censorship isn't just about legal or moral high ground; it's about safeguarding the very mechanisms that allow societies to evolve, critique themselves, and protect individual liberties. There's no middle ground because these principles are not negotiable; they are the foundation upon which a free society stands or falls.
#FreedomOfSpeech #privacy #PrivacyMatters #censorship
