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The reasons for the sharp drop in Bitcoin through the eyes of this Brazilian expert

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bitcoin, dúvida

Cryptocurrency analyst and seasoned trader Marcel Pechman posted on Saturday (4) on his Youtube channel: RadarBTC Bitcoin and Cryptocurrencies, analysis of the recent fall bitcoin… The largest cryptocurrency on the market began to lose value on Friday (03), falling the following night, losing support of $ 50K after a devaluation that exceeded 15%.

According to the analyst, this time there was a specific drop in bitcoin, which can only be explained after some observation of the last all-time high, which occurred on November 10 of this year, when bitcoin hovered around $ 69,000.

Historical bitcoin price

At the time, Pechman said, Bitcoin was already strong, motivated by the launch of a Bitcoin ETF, the forecast for US inflation and the inevitable duration of stimulus packages for the public, as evidenced by then-US President-elect Joe Biden.

“At that moment, everyone thought that Bitcoin would grow non-stop,” he said.

However, the rise in BTC stalled when the SEC rejected an application to register a “physical” Bitcoin ETF filed by US investment manager VanEck. It was then that the downward trend began, Pechman said, referring to the November 12 date.

The unfavorable situation was further exacerbated as regulators and congressmen began to address regulatory issues cryptocurrencies and companies in this sector, mainly with the aim of limiting the output stablecoins… The US Congress then scheduled a hearing with companies in the sector following notices requesting information about these establishments.

“So you have regulatory uncertainty, fear, because stablecoins are important to the arbitrage guy, so you can send money from one broker to another much faster without going to banks,” Peshaman said, adding:

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“This regulatory uncertainty is crushing the market. There was no news on a specific fall today (12.04), ”the analyst emphasized.

operations using borrowed funds

According to Pechman, who cited leveraged operations as one of the reasons for the fall, there was no news to bring down the market. In terms of leverage, as he summarized, “you deposit $ 10,000 and you can buy $ 100,000 in bitcoin or other cryptocurrency – if it goes up 5%, you get a 10x increase, but if it drops 8%, 9 %, you will lose everything, you will be paid. ” , illustrated.

However, the analyst said that what happens with these usual 10%, 12% drops, given bitcoin as an unstable asset, is that it will ultimately speed up the move due to these liquidations.

Bitcoin: High Forecast

Pehman concluded that he cannot tell when Bitcoin will rebound, and that he does not see the medium-term uptrend is broken because Bitcoin is a scarce asset. “None of this has changed,” he said, noting that the asset recovery could take several months.

However, he ended with a little more detail on US regulation: “We’re back on track.”

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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