Welcome to the Off-Shore Club

The #1 Social Engineering Project in the world since 2004 !

Important Notice:

✅UPGRADE YOUR ACCOUNT TODAY TO ACCESS ALL OFF-SHORE FORUMS✅

[New]Telegram Channel

In case our domain name changes, we advise you to subscribe to our new TG channel to always be aware of all events and updates -
https://t.me/rtmsechannel

OFF-SHORE Staff Announcement: 30% Bonus on ALL Wallet Deposit this week


For example, if you deposit $1000, your RTM Advertising Balance will be $1300 that can be used to purchase eligible products and service on forums or request withdrawal. The limit deposit to get the 30% bonus is $10,000 for a $3000 Marketplace wallet balance Bonus.

Deposit Now and claim 30% more balance ! - BTC/LTC/XMR


Always use a Mixer to keep Maximum anonimity ! - BTC to BTC or BTC to XMR

🚀 Crypto Political Polls and Government Moves: What’s Behind Bitcoin’s Fall Below $66,000

⚠️Always Remember to keep your identity safe by using a Zero-KYC Zero-AML like https://coinshift.money⚠️

Gold

Gr@c3

Holy HOLDER
🚀 Crypto ₿OP Club
USDT(TRC-20)
$3,000.0
Bitcoin has lost 5.7% over the past 12 hours or so, dumping $4,000 in a fall from $70,000 to just below $66,000 during early Asian trading on Tuesday, where it found support.

However, it remains within a five-month rangebound channel that formed at the end of February.

Analysts have been searching for clues to explain the sudden dip in market sentiment following a seven-week high for the asset.

Political Polls or US Govt Moves?​


On July 30, crypto trader and economist Alex Krüger observed that prices and euphoria were running high on Monday on the back of the Trump speech, with BTC hitting $70,000, “and then wham -5% in a straight line.”

He said it may have something to do with Democrat presidential candidate Kamala Harris performing well in the polls.

“If trying to rationalize the move, I’d say it was a partial reflection of Kamala doing very well in the polls (polls, not betting markets). The Trump trade is long Bitcoin and long small caps. The Kamala trade is the opposite.”

According to The Hill, Trump’s lead in the polls had narrowed to just 1.5% on July 30 with 47.6% versus rival Harris on 46.1%.

Crypto trading can be brutal. Prices and euphoria were running high today into the US equities open, on the back of the Trump speech, $BTC ticked 70K, and then wham -5% in a straight line.

If trying to rationalize the move, I'd say it was a partial reflection of Kamala doing… pic.twitter.com/GLalHo8jo0

— Alex Krüger (@krugermacro) July 29, 2024


Another factor for the decline was the United States government moving around 29,800 BTC worth roughly $2 billion on July 29. This comes just days after Donald Trump said he wouldn’t sell any of the government’s Bitcoin stash if he were elected.

The U.S. government now holds 183,438 BTC worth around $12.5 billion, according to Arkham Intelligence.

Trump: We will not sell any siezed $BTC and allocate it to a strategic reserve.

Biden admin: pic.twitter.com/rqXePgKWtA

— Hsaka (@HsakaTrades) July 29, 2024


In a post on X on July 30, crypto analyst “Inmortal” opined that the dip wasn’t necessarily a bad thing.

“But, the best thing that could happen to us is more consolidation. The bigger the consolidation, the bigger the expansion.”

Elsewhere on Crypto Markets​


Total capitalization has declined around 4.4% in a fall to $2.48 trillion at the time of writing. However, it has also remained largely sideways for the past five months.

Ethereum fell from almost $3,400 to around $3,260 before recovering to reclaim $3,300 during early trading in Asia on Tuesday.

Other altcoins were hit harder as usual, with larger losses for Solana (SOL), Cardano (ADA), Avalanche (AVAX), and Near Protocol (NEAR).

The post Political Polls and Government Moves: What’s Behind Bitcoin’s Fall Below $66,000 appeared first on CryptoPotato.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Friendly Disclaimer We do not host or store any files on our website except thread messages, most likely your DMCA content is being hosted on a third-party website and you need to contact them. Representatives of this site ("service") are not responsible for any content created by users and for accounts. The materials presented express only the opinions of their authors.
🚨 Do not get Ripped Off ! ⚖️ Deal with approved sellers or use RTM Escrow on Telegram
Gold
Mitalk.lat official Off Shore Club Chat


Gold

Panel Title #1

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Panel Title #2

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Top