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🚀 Bitcoin (BTC) enthusiasts, hold on to your hats! Our favorite digital asset has been taking it easy this past weekend, chilling at just under $68,000. 🏖️ BTC started the week with a bang, skyrocketing from under $69,000 to over $70,500 in just a few hours on Monday. 🎆 But the bulls took a breather, and BTC started to lose value, even dipping close to $67,000. The rest of the week was a rollercoaster ride, with a few attempts to conquer $70,000 and a couple of dips below $67,000. 🎢 By the end of the business week, BTC was enjoying the calm, sitting pretty at around $68,000. The weekend was a bit of a snooze, with BTC failing to make any significant moves in either direction. Its market cap is holding steady at $1.330 trillion, and it still reigns supreme over the altcoins with a dominance of 50%. 👑 Meanwhile, the altcoins have been following BTC's lead, failing to make any major moves on a daily basis. But the weekly landscape has seen some impressive gains. ETH, TON, and SHIB have all seen minor weekly gains, while LINK and WIF have jumped the most in the past seven days. 📈 On the flip side, some larger-cap alts like Uniswap have taken a hit, slumping by more than 12%. Dogecoin is down by 7%, slipping below $0.16. Other losers include BCH, NEAR, ARB, IMX, and XRO. 📉 The total crypto market cap has shed about $40 billion since last Sunday, now sitting at $2.660 trillion. But hey, in the world of crypto, what goes down must come up, right? 🌈 Stay tuned, BTC lovers! The next big move could be just around the corner. 🌟

🚀 Bitcoin (BTC) enthusiasts, hold on to your hats! Our favorite digital asset has been taking it easy this past weekend, chilling at just under $68,000. 🏖️

BTC started the week with a bang, skyrocketing from under $69,000 to over $70,500 in just a few hours on Monday. 🎆 But the bulls took a breather, and BTC started to lose value, even dipping close to $67,000. The rest of the week was a rollercoaster ride, with a few attempts to conquer $70,000 and a couple of dips below $67,000. 🎢

By the end of the business week, BTC was enjoying the calm, sitting pretty at around $68,000. The weekend was a bit of a snooze, with BTC failing to make any significant moves in either direction. Its market cap is holding steady at $1.330 trillion, and it still reigns supreme over the altcoins with a dominance of 50%. 👑

Meanwhile, the altcoins have been following BTC's lead, failing to make any major moves on a daily basis. But the weekly landscape has seen some impressive gains. ETH, TON, and SHIB have all seen minor weekly gains, while LINK and WIF have jumped the most in the past seven days. 📈

On the flip side, some larger-cap alts like Uniswap have taken a hit, slumping by more than 12%. Dogecoin is down by 7%, slipping below $0.16. Other losers include BCH, NEAR, ARB, IMX, and XRO. 📉

The total crypto market cap has shed about $40 billion since last Sunday, now sitting at $2.660 trillion. But hey, in the world of crypto, what goes down must come up, right? 🌈

Stay tuned, BTC lovers! The next big move could be just around the corner. 🌟

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🚀Buckle up, BTC enthusiasts! TRM Labs, a blockchain intelligence firm, has reported a whopping increase in cryptocurrency deposits to Chinese drug precursor manufacturers. In the first four months of 2024, crypto deposits more than doubled compared to the same period in 2023! 💰 In 2023, these Chinese networks received over $26 million in cryptocurrency, with a staggering 97% of the 120 manufacturers studied offering payment options in digital currencies. The overall amount of cryptocurrency deposited into wallets linked to these manufacturers skyrocketed by more than 600% from 2022 to 2023. 📈 And guess what? Bitcoin is the star of the show! 🌟 It remains the dominant cryptocurrency used for these transactions, accounting for approximately 60% of the total payment volume. TRON blockchain followed with about 30% of transactions, while Ethereum was used for roughly 6%. 🎖️ Interestingly, 11 manufacturers were responsible for over 70% of all crypto-denominated sales of drug precursors. These manufacturers receive funds from unhosted wallets, cryptocurrency exchanges, and payment services, with their wallets most commonly hosted at exchanges. 💼 Despite the crypto preference, Chinese manufacturers also accept fiat currencies through platforms like PayPal, MoneyGram, Western Union, and traditional bank transfers. 🏦 The report also revealed that these manufacturers mainly target countries including Canada, the Netherlands, Australia, Germany, and the United States. Advertisements have also been directed towards Russia and neighboring countries, particularly for mephedrone precursors. 🌍 In a related note, a U.S. congressional committee recently reported that the root cause of the U.S. fentanyl crisis lies in China, which manufactures over 97% of the precursors used in the global illicit fentanyl trade. 🚨 So, while the world grapples with the implications of this, one thing's for sure - Bitcoin's popularity is soaring, and it's not slowing down anytime soon! 🚀
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