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Press Release
TL;DR:
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Bitcoin (BTC) price declines due to political uncertainties and potential increases in crypto supply, dropping 27.8% from its all-time high.
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Ex-President Donald Trump will be speaking on the last day of the Bitcoin conference 2024
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Dogecoin (DOGE) follows the market downtrend, affected by political turmoil and investor concerns, trading at $0.10.
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Clandeno (CLD) revolutionary decentralized e-commerce platform, attracting attention with its live ICO and predictions of a significant post-launch surge.
The cryptocurrency market just like every other financial market is always sensitive to political events, and recent developments have been no exception. Bitcoin (BTC) and Dogecoin (DOGE) have faced significant price declines, through the forthcoming Bitcoin Conference 2024.
The uncertainty surrounding the potential continuation of Joe Biden as the US Democratic presidential candidate, coupled with concerns over possible increases in crypto supply from Mt. Gox’s redistribution of old coins has sent shockwaves through the market.
However, Clandeno (CLD), a revolutionary decentralized e-commerce platform, has launched its Initial Coin Offering (ICO), and rumors on Crypto-Twitter have it that the available-to-buy now ICO will explode, surging upward in price post-launch.
Bitcoin (BTC) Price Decline and Bitcoin Conference 2024
Bitcoin (BTC), the largest Cryptocurrency by market capitalization, has faced significant price declines, dumping 27.8% from its All-time-high price of $73,926.8.
Image Source: Bitcoin (BTC) 1-Day Price Chart | Tradingview
Bitcoin's (BTC) price is in what seems to be the beginning of a fifth impulse wave in a 5-wave Elliot waves pattern and what looks like a shooting star candlestick can be seen at the top of the 4th corrective wave which might lead Bitcoin (BTC) price further down to the $50,464 level.
Furthermore, The organizers of Bitcoin 2024 surprised everyone by announcing Former President Trump will be speaking on the last day of the conference. Is this a political strategy? One would not know, and the excitement from this announcement made Bitcoin's (BTC) price surged 2.57% to $59,647 and then dumped back to the $$57,817 price.
Dogecoin (DOGE) Follows Suit with Market Downtrend
Dogecoin (DOGE), the meme cryptocurrency that gained massive popularity thanks to endorsements from high-profile figures like Elon Musk, is also feeling the effects of the current political turmoil.
The uncertainty in the political arena, especially the potential for a shift in the US administration’s stance on cryptocurrencies, has left investors wary. As a result, Dogecoin has dropped from its recent highs, trading around $0.10, a 57.6% drop from its all-time high of $0.23.
Clandeno (CLD) Rumored to Explode as ICO Available to Buy Now
Clandeno (CLD), is a decentralized e-commerce platform, which aims to facilitate the buying and selling of a wide range of products, from electronics to real estate, using various cryptocurrencies. This real-world utility provides a strong foundation for the token’s value, setting it apart from many other speculative assets.
Recently, the Crypto-Twitter has been plagued with rumors that Clandeno (CLD) ICO will be massive and will explode in value post-ICO. This rumor has been based on the unique value proposition of the Clandeno (CLD) ecosystem, the token’s value is expected to skyrocket, offering a potentially lucrative investment opportunity.
Moreover, Clandeno’s commitment to locking liquidity for 20 years ensures stability and long-term growth for its investors. This security feature has made it particularly attractive in the current volatile market.
To find out more about the Clandeno presale, visit their website here.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.