On March 3rd, Bitcoin experienced severe fluctuations, soaring to $70,067 in the early morning, reaching a new high for February. It quickly retreated due to the situation in the Middle East and expectations of interest rate cuts, with a daily volatility exceeding 5%. Over the past 24 hours, over $1.5 billion in liquidations occurred across the network, resulting in a double kill for both longs and shorts. After a brief return of ETF funds, there was once again a wait-and-see attitude, with fierce competition at the 68,000â70,000 price level, and short-term fluctuations intensified đ§§đ§§đ§§đ§§đ§§đ§§đ§§đ§§đ§§đ§§đ§§đ§§đ§§đ§§đ§§đ§§
When Fiat Currency Becomes Useless Paper: The Survival Battle of Cryptocurrency Under Inflation in Iran
The Iranian Rial has nearly become worthless under hyperinflation and sanctions, and the character for "money" has become the most ironic symbol. When a lifetime of savings shrinks overnight into a few useless pieces of paper, and when the official exchange rate and black market price tear apart into two parallel worlds, the trust in the traditional financial system has already collapsed.
At this moment, cryptocurrency is no longer a toy for speculators but has become the only lifeline for ordinary people. It is not perfect, with extreme volatility and full of risks, but in the extreme situation where fiat currency fails, its decentralized and censorship-resistant characteristics unexpectedly become a hedging tool against currency devaluation and for preserving meager wealth. This is not just a financial choice, but a passive revolution concerning survival.
The 32nd wave of red envelope rain. In the first half of the year, it is expected to distribute 5 million. Follow me. I will start live streaming next week to distribute. No one should stop me from giving out money. After the New Year, I will continue to distribute during the live stream.
#MUA Sending off the deity day, welcoming good luck! Wishing all cryptocurrency colleagues: a mindset as steady as Mount Tai, operations as precise as a deity, not only able to avoid every crash but also to accurately buy the dip at every bottom! đâĄď¸đ$BTC
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ăBest Community Vision Original Reward Activityă
100,000 Binance Community Fund Tokens await you 'đ Web3 Community Vision Contest! đ'
Hey Web3 builders and dreamers! Share your ideal vision for a perfect Web3 community and how we can make it real â all in English! Pair it with your original poster Participants need to write in English about the 'ideal vision for a Web3 community' (vision) and 'how to achieve it' (how to achieve it), with a length of 200-500 words. How to Enter: ⢠Write your vision (what it looks like) and roadmap (how to achieve it) in 200-500 words. ⢠Create and attach an original poster (be creative!). ⢠Reply to this post with your entry.