Hello everyone, my name is Horaira. I joined this community in the pursuit of learning, educating, and interacting with all things related to crypto trading. My goal is to pursue crypto trading and knowledge as a supplemental extension to my day to day life so that I can continue my current lifestyle while also engaging in the lucrative frontier of crypto trading. My hope is that this community grows exponentially and that all of us continue to support one another along the way. Please feel free to reach out to me for any questions or conversations about crypto; I'm always willing to learn something new or share my knowledge.

◾Bitcoin recently saw a drop from $108,300 to $95,500, catching the attention of the crypto community. Here’s what’s driving the market: ◾Federal Reserve Impact: The Fed's cautious stance on future rate reductions has added uncertainty to the market. ◾Statements on Bitcoin: Fed Chair Powell clarified that the Federal Reserve cannot hold Bitcoin, cooling optimism about institutional adoption. ◾Profit-Taking: After reaching new highs, many investors cashed out, leading to a natural market correction. ◾Market Volatility: High leverage and liquidations in the futures market amplified the price decline. The crypto market remains highly volatile. Keep an eye on macroeconomic developments and manage risk carefully. 🌍📉 What’s your take on Bitcoin’s next move? Let’s discuss!

2009: Bitcoin was created by the mysterious Satoshi Nakamoto, with the first block (Genesis Block) mined. 2010: The first real-world Bitcoin transaction happened when 10,000 BTC bought two pizzas—worth over $1 billion today. 2017: Bitcoin’s first major boom saw it hit $20,000, bringing global attention. 2020–2021: Institutional adoption skyrocketed as companies like Tesla and MicroStrategy invested in Bitcoin, and El Salvador made it legal tender. 2024: Bitcoin crossed the $100,000 mark, solidifying its place as a revolutionary digital asset. From a niche experiment to a global phenomenon, Bitcoin’s journey is far from over! 🚀

The US Federal Reserve has cut interest rates by 25 basis points as expected, but with a cautious stance. Jerome Powell indicated that only 50 basis points could be cut in 2025 - less than hoped. The markets react with sharp declines, which also affects Bitcoin and other cryptocurrencies as they are closely linked to the S&P 500. Nevertheless, Bitcoin is more stable than usual and remains above the $100K mark. This lower correlation with stocks could be a sign of strength if things calm down in the next 1-2 days.