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📉 Wondering why the crypto market took a tumble? Here are the key reasons behind the recent downturn: 🔶 **Genesis Moving $1.5B $BTC and $ETH:** Large movements to repay creditors can impact market sentiment. 🔶 **US Unemployment Rate Rise:** Up to 4.30% from 4.10%, influencing economic outlook. 🔶 **Global Stock Market Losses:** Over $2.9 trillion wiped out, affecting investor confidence. 🔶 **Fed Interest Rates Unchanged:** Rates remain at 5.25% - 5.50%, influencing investment decisions. 🔶 **Fed's Inflation Stance:** Waiting for sustainable inflation before rate cuts affects market expectations. 🔶 **BTC ETF Outflow:** Recent net outflow of $237.4M from US Spot BTC ETF added selling pressure. 📉 These factors combined contributed to #Bitcoin's drop from $70k to $60k in just 4 days. Stay informed to navigate market shifts!
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Smart Ethereum Investor with 100% Win Rate Buys 4,000 ETH Again 🚀 Notable Moves in Crypto: A prominent Ethereum investor has recently made headlines by purchasing 4,000 ETH worth approximately $12.58 million. Known for their strategic prowess, this investor boasts a flawless track record, having profited over $38 million from seven previous ETH trades between Nov '22 and May '24. However, their latest move hasn't been as lucrative. Since acquiring 17,012 ETH at an average price of $3,587 per ETH on May 29, they currently face a paper loss of around $7.6 million as ETH prices have dipped. Now, the crypto community eagerly awaits their next move: will they hold out for a rebound or sell to mitigate losses? As always, the future holds the answers, but their past successes hint at potential strategies. Stay tuned as this Ethereum investor navigates the volatile market waters once again. 📈💸 #CryptoInvesting #Ethereum #ETH #EtheruemETF #etherreum
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How One Person Turned $5K into $24M with Dogwifhat Token 💲🫣 🚀 Incredible Crypto News Alert! 🚀 Just in: Lookonchain has revealed a jaw-dropping success story in the world of meme cryptocurrencies. Recently, five wallets, potentially owned by the same investor, sold a staggering 14.53 million Dogwifhat tokens (WIF) valued at $24 million. What's even more astonishing? These tokens were originally acquired for just $5,340 last November! This savvy investor saw their investment skyrocket by an incredible 4,497 times! If sold at the peak price, the profit could have surpassed an eye-watering $69 million, marking a mind-blowing 12,927-fold return on investment. Dogwifhat (WIF) has been navigating a bearish market phase lately, trading around $1.68 amid broader market challenges. However, analysts remain optimistic about its potential recovery, especially given the supportive role of the Solana network. If the memecoin sector rebounds, tokens like WIF could see renewed interest and substantial price gains. Stay tuned as we continue to monitor this exciting development in the cryptocurrency market! 🌐💰 #CryptoNews🚀🔥 #dogwifhat #InvestingSuccess #CryptocurrencyAnalysis
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Bitcoin price plummets to $60K, what's behind the massive sell-off? 📉 Bitcoin faced a significant 10% decline over the past week, plunging from highs near $69K to lows around $60K amid heightened selling pressure. This drop follows news of Genesis Global's completed bankruptcy reorganization, where $4 billion in crypto and cash is being distributed to creditors. Notably, Bitcoin creditors will receive 51.28% of their holdings in-kind, while Ether creditors will get 65.87%. Solana creditors, however, are set to collect 29.58%. Stay updated on crypto market movements! 📉 💸 #Bitcoin❗ #BTC #Binance #USDT #ETF
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🚀 5 Altcoins You Should Watch in August 2024 1️⃣ Flow (FLOW)Expect bullish momentum with the Crescendo Network Upgrade boosting scalability. Current price at $0.65, aiming for resistances at $0.81 and $0.96. 2️⃣ **Conflux (CFX)**: Anticipate volatility around its upcoming hard fork on August 6, enhancing security and functionality. Price currently consolidating between $0.17 and $0.14. 3️⃣ **Solana (SOL)**: Institutional interest drove SOL to $27.6M inflows in July, eyeing a $245 target pending market conditions. 4️⃣ **Starknet (STRK)**: Upcoming upgrade in late August could boost TPS to 250, potentially recovering from recent lows around $0.456. 5️⃣ **Axie Infinity (AXS)**: Preparing for a significant upgrade with Homeland Avatar Mode, though caution as it navigates a potential head-and-shoulders pattern. Stay informed and manage your portfolio wisely! Which of these tokens are you keeping an eye on? 📈💬 #CryptoNews🚀🔥 #Altcoins #Blockchain #USDT
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Nejnovější zprávy
Ethereum(ETH) Drops Below 2,900 USDT with a 4.43% Decrease in 24 Hours
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BNB Drops Below 530 USDT with a 4.89% Decrease in 24 Hours
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UK Hacker Linked To Celebrity X Account Hacks And Solana Scams
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Bitcoin(BTC) Drops Below 61,000 USDT with a 4.11% Decrease in 24 Hours
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Smart Money Address Buys 2,424 ETH Worth $7.22 Million
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