Global Hive Buzz

Social Media Buzzes with "Buy the Dip" Amid Market Correction

Recent data from CoinGecko reveals a 4.4% decline in the global crypto market cap within the last 24 hours, marking the swiftest drop in over four months. The overall market cap for digital currencies slipped from $1.71 trillion to $1.64 trillion, accompanied by significant downturns in leading assets like Bitcoin (BTC) and Ethereum (ETH).

Santiment's data indicates a notable surge in social media discussions related to terms such as "buy the dip," "buy," "dip," and "buydip" over the past 24 hours, reaching a two-month high. These discussions primarily originate from platforms like Reddit and X as the market trends toward the "extreme greed" zone.

The broader market correction follows a brief touch of $44,000 for Bitcoin and the $2,400 area for Ethereum.

El Salvador and Tether Introduce Visa Program for Bitcoin Investors

In a bid to bolster its emerging digital economy, the government of El Salvador, in collaboration with Tether, the creator of USDT (the world's most widely used stablecoin), has unveiled a new visa initiative aimed at attracting investors.

Named the "Adopting El Salvador Freedom Visa Program," the initiative offers a route to Salvadoran citizenship for those willing to make substantial investments in Bitcoin or the stablecoin USDT.

Applicants to the program are required to submit a non-refundable deposit of USD 999 in Bitcoin or USDT, undergoing a Know Your Customer (KYC) process. Once accepted, the deposit will be applied toward the $1 million investment requirement in Bitcoin or USDT needed to secure the Freedom Visa and subsequent citizenship.

El Salvador aims to position itself as a desirable hub for technology and innovation in the Central American region by encouraging participation in its expanding digital economy.

Bitcoin, Ether, and Major Altcoins Experience Significant Declines

Bitcoin (BTC), ether (ETH), Solana's SOL, and other major altcoins opened the Asia trading day with notable losses, introducing volatility to the start of the week.

Bitcoin witnessed a decline of up to 5% over a 24-hour period, reaching a low of $41,300 before rebounding to $42,000, as per data from CoinDesk Indices. Ether experienced a dip to $2,170 before recovering to $2,239, while Solana dropped to $66 before bouncing back to $70. The majority of these declines occurred within the last 90 minutes at the time of this update.

According to Coinglass data, liquidations totaling over $335 million occurred in the last 12 hours, with $300 million attributed to the liquidation of long positions. Bitcoin and ether led the liquidation heatmap, with over $89 million and $74 million, respectively, in positions being liquidated.

Cutting-Edge German Engineering Unveils State-of-the-Art Hearing Aid

Experience the pinnacle of German innovation with the Horizon by hear.com, a groundbreaking virtually invisible hearing aid that is making waves in the US. Engineered by German entrepreneurs, this Bluetooth-enabled device, backed by audiologists, is smaller than a coffee bean.

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