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TopCryptoNews
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๐Ÿ’ฌ ๐—ฉ๐—ฎ๐—ป๐—˜๐—ฐ๐—ธ ๐—ฆ๐—ฎ๐˜†๐˜€ ๐—”๐—ฏ๐—ผ๐˜‚๐˜ $๐Ÿญ๐Ÿณ๐Ÿฑ ๐—•๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—›๐—ฒ๐—น๐—ฑ ๐—ฏ๐˜† ๐—˜๐—ง๐—™๐˜€, ๐—ก๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€ VanEck said in a new report that a total of roughly $175 billion inย Bitcoinย is currently being held across the various ETFs, nations and public and private companies that have acquired the popular cryptocurrency. "Bitcoin interest among institutional investors has also increased. Hedge funds, asset management firms, and endowments are increasingly recognizing bitcoin's potential as a store of value" VanEck said in the report. "Approximately $175 billion worth of bitcoin are now held by ETFs, countries, public and private companies." $BTC #ETF #BTC #VanEck

๐Ÿ’ฌ ๐—ฉ๐—ฎ๐—ป๐—˜๐—ฐ๐—ธ ๐—ฆ๐—ฎ๐˜†๐˜€ ๐—”๐—ฏ๐—ผ๐˜‚๐˜ $๐Ÿญ๐Ÿณ๐Ÿฑ ๐—•๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—•๐—ถ๐˜๐—ฐ๐—ผ๐—ถ๐—ป ๐—›๐—ฒ๐—น๐—ฑ ๐—ฏ๐˜† ๐—˜๐—ง๐—™๐˜€, ๐—ก๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—–๐—ผ๐—บ๐—ฝ๐—ฎ๐—ป๐—ถ๐—ฒ๐˜€


VanEck said in a new report that a total of roughly $175 billion inย Bitcoinย is currently being held across the various ETFs, nations and public and private companies that have acquired the popular cryptocurrency. "Bitcoin interest among institutional investors has also increased. Hedge funds, asset management firms, and endowments are increasingly recognizing bitcoin's potential as a store of value" VanEck said in the report. "Approximately $175 billion worth of bitcoin are now held by ETFs, countries, public and private companies."

$BTC #ETF #BTC #VanEck

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๐Ÿ‹ XRP Holds Steady at $0.51 Amidst Whalesโ€™ Moves: Whatโ€™s Next? โ— Binance observes a substantial withdrawal of 25.23 million XRP, valued at $13.16 million. โ— The transfer to an undisclosed address raises questions about market sentiment and investor behavior. โ— XRP stabilizes around $0.51 per token, historically a pivotal support level. XRP has seemingly found stability around the $0.51 mark per token amidst notable movements by whales in the market. Recent reports indicate that Binance has witnessed a substantial withdrawal of 25.23 million XRP, valued at approximately $13.16 million. This sizable transfer, shrouded in mystery as it was directed to an undisclosed address, has stirred curiosity among crypto enthusiasts. Traditionally, such withdrawals from exchanges have been interpreted as bullish signals for the market. This trend suggests that significant investors may be acquiring digital assets on these platforms and subsequently transferring them to private wallets for secure storage. However, the specifics of this recent transaction reveal intriguing details. The transfer, initiated by a specific address known as โ€œrDAE53,โ€ points to a destination wallet labeled โ€œrfQ9,โ€ which currently holds 4.167 million XRP. Interestingly, this destination address has been previously associated with withdrawals from Binance earlier in the year. Moreover, the timing of this substantial XRP withdrawal aligns with notable price action for the cryptocurrency. Following a downward trend since May 21st, XRP has seemingly stabilized around the crucial support level of $0.51 per token. Historically, maintaining this price level has often preceded significant price upswings, while breaching it has led to substantial declines. Based on CoinCodexโ€™s latest analysis, projections indicate a potential upward trajectory for XRPโ€™s price. Forecasts suggest a significant increase of approximately 20.78%, with the cryptocurrency poised to reach $0.638372 by July 4, 2024. $XRP #XRP
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โญ•๏ธ Bitcoin โ€˜Zombiesโ€™ Awaken: Dormant Coins Move For First Time In Years, Whatโ€™s Going On? According to recentย dataย from on-chain analytics platform CryptoQuant, in recent weeks, the Bitcoin market has witnessed a fascinating phenomenon: long-dormant BTC, untouched in wallets for up to a decade, are suddenly springing into action. This movement coincides with Bitcoinโ€™s price once againย reclaiming the $70,000 mark, a dynamic that has not only captured the attention of investors but also sparked analysis from on-chain analytics experts. ๐Ÿ”ธ Revival Of The Sleeping Giants The dataย revealedย by CryptoQuant illuminates a surprising trend: on June 2 alone, roughly 2,800 BTC that had been idle for two to three years were transferred. The following day, a movement of 4,500 BTC, dormant for four to five years, outstripped this. The activity didnโ€™t stop there; even BTC that had not moved for over a decadeโ€”210 BTC, to be preciseโ€”changed hands. This phenomenon, referred to as โ€œold coins movingโ€ by a CryptoQuant author, Maartunn, suggests an โ€œallocationโ€ phase, where long-term holders begin to release their coins back into circulation. Particularly, according to Maartunn, old coins moving indicates a potential shift from holding to โ€œdistribution,โ€ a sign often seen in matureย bull markets. This resurgence of old BTC is notable, as it aligns with historical price peaks, including BTCโ€™s previous rally to a new peak in March. ๐Ÿ’ฌ And another 2,123ย $BTC with the same age. Old coins moving, after old coins moving, after old coins moving. In other words, distribution. โ€” Maartunn ๐Ÿ”ธ A Signal Of Bullish Trends The movement of these long-dormant coins is more than a mere statistic; it reflects a broader sentiment among Bitcoin holders. According to another CryptoQuant contributor, Onchained, during bullish market phases, it is common for long-term holders to offload parts of their holdings as prices rise. This pattern is currently evident as Bitcoin continues toย test major resistance levels. #BTC #Bitcoin
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๐Ÿš€ BNB Bulls on the Rise: Will $750 Resistance Be Conquered? โ— BNBโ€™s potential breakthrough at $750 represents a significant milestone, indicating an upward trend in its valuation. โ— Technical indicators, including the EMA 50-day and RSI, suggest a bullish sentiment and favorable outlook for BNBโ€™s price. โ— The sustainability of BNBโ€™s upward trajectory hinges on the continuation of bullish momentum. Should bullish momentum persist, BNB is primed to challenge its resistance level of $750. This potential breakthrough signifies a significant milestone for the cryptocurrency, indicating a possible upward trend in its valuation.ย  Following a bullish streak in its initial months, BNB entered a consolidation phase, trading within the range of $660 to $750. This period was marked by notable fluctuations, highlighting the inherent volatility of the altcoin market. A closer examination ofย BNBโ€™s priceย analysis reveals intriguing insights. Technical indicators, such as the EMA 50-day, consistently provide support to the coinโ€™s price chart, fostering a bullish sentiment in the 1D timeframe. Concurrently, the RSI demonstrates a notable uptick, reflecting increased buying pressure within the crypto sphere. These metrics, coupled with a steady rise in averages, suggest a favorable outlook for BNBโ€™s valuation in the foreseeable future. The pivotal question for investors revolves around the sustainability of BNBโ€™s upward trajectory. Should the bullish momentum continue, the token is positioned to not only test but potentially surpass its resistance level of $750. Such a feat could pave the way for a retest of its all-time high (ATH) of $800, further validating its potential as a profitable investment. However, amidst the backdrop of market unpredictability, there exists the looming possibility of a bearish reversal. In such a scenario, BNB may encounter downward pressure, potentially retracing towards its crucial support level of $600 in the weeks ahead. $BNB #BNBCrossing660 #BNB
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๐Ÿธ Memecoin Whaleโ€™s Patience Ended: Months Later, He Disposed of It All With 976 Percent Profit While the cryptocurrency market is in a general upward wave today, it was noteworthy that a whale made a large amount of profit from a popular memecoin. According to Onchain data, a giant PEPE whale deposited a large amount of PEPE tokens to Binance. Although it is not possible to determine with certainty whether the deposit is for sale or not, considering that the whale has been storing its tokens in a cold wallet for a long time, it is highly likely that this transaction is for sale. The PEPE whale in question purchased 365.96 billion tokens on the cryptocurrency exchange MEXC on December 13 and 16, 2023, which corresponded to 494 thousand dollars at that time. Balina wallet transferred the same amount of PEPE tokens to Binance in its deposit today. This time the value of the tokens was $5.3 million. In other words, the whale wallet turned 494 thousand dollars into 5.3 million dollars in less than 6 months. The total profit amount of Balina wallet was 4.82 million dollars and the profit rate was 976%. Although the PEPE price has fallen by approximately 8% in the last week, it has seen an impressive rise of 65% in the last month. $PEPE #PEPE
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๐Ÿ‹ Dogecoin Whales Signal Bullish Sentiment, Stack Up 200 Million DOGE Dogecoin whales have purchased another 200 million DOGE since May 30. Despite the renewed hype surrounding meme coins, the OG Dogecoinโ€™s price action has remained relatively dull. But whales appear to be bullish on the assetโ€™s price trajectory as they continue to rake in tokens. According to crypto analyst Ali Martinez, large holders or whales have been actively accumulating Dogecoin over the past five days. Martinez stated that such entities have added a staggering 200 million DOGE to their holdings, signaling a significant accumulation phase since May 30. Dogecoin has been consolidating within a tight range during this period. After briefly touching highs of $0.174 on May 26, the meme coin declined and has been trading near the $0.16 level. While a trend reversal is less likely to occur, this hasnโ€™t fazed DOGEย whalesย to amass tokens. In fact, large investors have been accumulating DOGE for quite some time now. Specifically, during the period from May 29th to May 31st, these entitiesย purchasedย over 700 million DOGE tokens. Based on the current market price of Dogecoin, the total value of this acquired DOGE stash is approximately $112 million. But not everyone is a fan of the meme coin. At the Consensus 2024 conference, Ripple CEO Brad Garlinghouse voiced strongย criticismsย against Dogecoin, raising doubts about the tokenโ€™s contributions to the cryptocurrency industry. Garlinghouse stressed that cryptocurrencies should strive to address real-world problems, which he believes Dogecoin fails to achieve. According to the exec, Dogecoinโ€™s appeal stems more from speculative fervor than practical use cases. A similar stance was echoed by several market experts who believe that this cohort of tokensย dwarfsย the efforts of teams focused on developing legitimate products that could potentially drive progress in the industry. $DOGE #DOGE #Whales
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