Cryptocurrency market overview | May 12 🟢 #Market cap : | Crypto De Nostradame på Binance Square

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Cryptocurrency market overview |  May 12
 🟢 #Market cap : $2.38 trillion (+0.27%)
 🟢 #BTC dominance: 50.90% (+0.34%)
 ⚡️ Fear and Greed Index: 56 (neutral)

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Dogecoin May Rise Up to 1,500%, According to Leading Crypto Analyst. Dogecoin, a popular #meme coin, is currently exhibiting bullish patterns that have attracted the attention of major cryptocurrency analysts. According to the latest predictions, DOGE may be preparing for an impressive rise and could reach a price range between $1 and $2. This forecast is based on historical trends observed in previous market cycles. Analyst Kaleo, who has a significant following on social media, notes that Dogecoin's significant rises typically begin eight to nine months after Bitcoin's halving event. Considering that the last Bitcoin halving occurred two months ago, a bullish move may not occur until December and February, according to Kaleo. This pattern overlaps with historical data, providing the basis for the projected timeline. Despite the positive outlook, analysts warn that DOGE may experience volatility before a significant rise. A potential pullback to the $0.08 to $0.10 range is expected and is consistent with similar market behavior in 2020. Such fluctuations can be possible preparatory stages for larger upward movements. In summary, although #Dogecoin promises a significant breakout, potential investors should be prepared for temporary market corrections. DOGE's projection of reaching $1 to $2 shows the vibrant potential in the cryptocurrency world. Investors are advised to monitor market trends and be wary of short-term volatility, while also keeping an eye on medium-term uptrends expected late in the year and early next year.

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‼️REMINDER‼️ - The interest rate decision of the Central Bank of the Republic of Turkey (CBRT) will be announced at 14:00 TSI. --------------------------------------- - US Gross Domestic Product (GDP) will be announced at 15:30 TSI. Expectation: 1.3% | Previous: 3.4% Above expectations: POSITIVE | Below expectations: NEGATIVE --------------------------------------- - US Unemployment Benefit Applications will be announced at 15:30 TSI. Expectation: 236K | Previous: 238K Above expectations: POSITIVE | Below expectations: NEGATIVE

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Cryptocurrency market overview | 27 June 🔴 Market cap: $2.25 trillion (-1.39%) 🔴 BTC dominance: 53.33% (-0.08%) ⚡️ Fear and Greed Index: 40 (Fear)

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📊On June 26, spot Bitcoin ETFs experienced an inflow of $21 million. •Grayscale (GBTC) Bitcoin ETF experienced an inflow of $4 million. •Fidelity (FBTC) Bitcoin ETF saw inflows of $18 million. •Ark Invest (ARKB) ETF experienced an outflow of $5 million.

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US Government Moves 243 Million Dollars of BTC It Seized On June 26, 2024, the US government transferred 3,940 Bitcoins worth $243 million originating from a darknet market vendor. This batch of BTC was directed to an exchange address labeled Coinbase. The government made this transfer of 3,940 BTC worth $243 million. This action by US law enforcement coincided with similar BTC sales by the German government in previous weeks. Leading chain analysts, including Zachxbt and the Arkham Intelligence team, followed this move. Arkham reported that these funds were seized from narcotics dealer Banmeet Singh and were lost following a trial in January 2024. Singh participated in drug trafficking operations on platforms such as Silk Road, Alpha Bay and Hansa, according to the US. On January 26, 2024, he pleaded guilty to charges of conspiracy to possess with intent to distribute controlled substances and conspiracy to commit money laundering. BTC fell 0.5% against the US dollar following the incident. Moreover, the price dropped below the $61,000 range. As of the latest updates, the US government owns 213,546 BTC, which is currently worth over $13 billion after the recent divestiture of 3,940 BTC.

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