Perplexity, a research AI resource, recently spotlighted Google’s initial investment in Ripple in the company’s formative stage.

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🚀 Bitcoin to $88K? Here’s What You Need to Know! 🚀

Bitcoin has been quietly consolidating, setting the stage for a potential breakout. 📈

Current Status:
- BTC Price: $69,515.89
- Market Cap: Over $1.3 trillion
- Weekly Gain: +2%

Despite recent sluggishness, many metrics suggest bullish momentum. 📊

Key Insights:

1. Bullish Pattern: Crypto analyst Tradigrade points out BTC is in a bullish pennant pattern. A breakout could propel BTC to new highs. 📉🔜💥

2. Pi Cycle Indicator: Glassnode’s data shows BTC is nearing its market bottom, hinting at a surge above $88K. The Pi Cycle Top indicator, which combines the 111-day and 350-day moving averages, supports this bullish outlook. 📈

3. Exchange Reserve: Data from CryptoQuant reveals a drop in BTC’s exchange reserve, indicating strong buying pressure. 💪📉

4. Long-Term Holders: The Binary CDD shows low activity from long-term holders, suggesting confidence in BTC's future rise. 🛡️

5. Derivatives Market: Increased funding rates and a positive Taker Buy Sell Ratio signal high buying sentiment among derivatives investors. 💹
Cautionary Notes:
- Indicators Mixed: While there are strong bullish signs, some indicators like the MACD are showing a bearish crossover. 📉
- RSI & CMF: Both are moving sideways, indicating potential short-term caution. 🤔

Stay tuned for more updates as we watch Bitcoin’s next moves! 🚀

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Shibarmy Scam Alerts, the official Shiba Inu ecosystem scam awareness channel, has warned the community of scammers creating fake Telegram accounts and fraudulent tokens claiming association with Shiba Inu.

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Ripple joins efforts with global payments solutions provider Clear Junction to boost cross-border payouts for GBP and EUR currencies.

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Popular Japanese crypto exchange DMM Bitcoin announces plans to compensate victims of last week’s hack, which led to the theft of approximately 4,503 BTC ($318.61 million). 

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