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Bitcoin: National Treasury Reserve Push Sparks $1 Million Forecast BTC has been a hot topic recently. The famous crypto specialist Andrew Kang even said Bitcoin may become a national asset. This intriguing thought is causing the cryptocurrency community to discuss how it may change the globe and set outrageous price objectives. Kang believes these ideas demonstrate Bitcoin's latent potential, even if they fail. He believes Bitcoin's worth may reach $1 million if it becomes a national treasure. Even with a 5–10% chance, Bitcoin's market value is substantially lower than it should be. The current rise in Bitcoin interest from 1% makes this particularly true. Importantly, the US government may adopt Bitcoin as a backup currency. Kang believes that if the US did this, other nations would follow. This would demonstrate Bitcoin's value retention and accelerate its adoption in global financial markets. Rumors of a large Asian business hiring like Coinbase and MicroStrategy are boosting optimism. Bitcoin would seem better and attract more investors with this update. Kang noted how swiftly these wonderful things are occurring, making the next several months essential for Bitcoin and its supporters. Government support, popular usage, and commercial interest might usher in a new crypto asset era. You can't escape the hazards. Bitcoin's severe volatility threatens economic security. Bitcoin's rapid decline might destabilize the economy and make government money control tougher. Policymakers must carefully balance innovative ideas with financial safety and stability. Although adding Bitcoin as a strategic backup asset might boost its financial credibility, it must be carefully assessed given the hazards to the economy and client safety. But moving ahead will be difficult and need careful preparation. The next several months will determine whether Bitcoin becomes a stable element of national financial systems or a speculative currency with great potential. #BTC $BTC #BinanceTournament #BinanceTurns7
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Can We Achieve the $250 Target with the 7% Climb in Solana Price (SOL)? Solana rose over $175 again. SOL price may break $185 resistance as it shows strength. SOL began rising over $175 barrier versus the US Dollar. The price is over $175 and the 100-hourly SMA. On the hourly SOL/USD chart, a bullish trend line with support around $176 is formed. If it breaks $185 resistance, the pair might rise further. Solana Price Sees Growth Above $185 Above $150, solana price maintained its rise above $155. SOL outperformed Bitcoin and Ethereum by rising past $162 and $165 barrier levels. Price rose over $180. The price rose over 5% and tested $185. The price hit a high at $185.11 and is consolidating gains at the 23.6% Fib retracement level of the upward run from the $170.58 swing low. Solana is over $180 and the 100-hourly SMA. On the hourly SOL/USD chart, a bullish trend line with support around $176 is formed. The upward rise from the $170.58 swing low to the $185.11 high is around the 61.8% Fib retracement level. Price may find resistance at $185 on the upside. Near $188 is the next significant resistance. A closing above $188 barrier might start another steady rise. Around $192 is the next resistance. Further rises might push the price beyond $200. Does SOL Support Dips? A negative correction may occur if SOL fails to break $185 resistance. Initially, downside support is approaching $180. First big support is between $176 and the trend line. A breach below $176 might push prices below $168. If the price closes below $168, it may fall below $155. Tech Indicators SOL/USD hourly MACD is rising in the positive zone. Hourly RSI – RSI for SOL/USD is over 50. Major Support Levels: $180, $176. Key Resistance Levels: $185, $188. #Solana #SOL $SOL #VanEck_SOL_ETFS
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Is $10 DOGE Possible for Dogecoin as $1 Billion Flies in?
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Why Is Whale Bitcoin Accumulation Rising? Since January, bitcoin whales have been buying BTC amid a strong crypto industry outlook. These high whale holdings reflected investor confidence, which helped Bitcoin soar over the last six months. Despite recent declines, on-chain data shows whale addresses have quadrupled their accumulation, returning to 2022 levels. at particular, BTC supply at addresses with 1,000 BTC or more is at a two-year high. Why Is Whale Bitcoin Accumulation Rising? According to IntoTheBlock, Bitcoin whale addresses reached a major yearly milestone in their Bitcoin accumulation. Data on whales follows Bitcoin addresses with 1,000 BTC or more. This cohort's addresses have reached their greatest level in over two years. The new whale accumulating milestone is only one part. This accumulation spiked in January 2024, when crypto markets began a full bull run, according to IntoTheBlock's chart data. Things heated up when Spot Bitcoin ETFs were offered to the US market after months of waiting. These new Bitcoin investment instruments make institutional investing simpler than ever. New affluent investors jumped in, buying enormous sums of Bitcoin. Glassnode data confirms Spot Bitcoin ETF accumulation. The Glassnode discussion below reports that US spot ETFs have bought almost 900,000 BTC in seven months. Even amid corrections, funds purchase BTC. Bitcoin miners added 4,500 BTC, worth $300 million, in July. Bitcoin addresses with 1,000+ BTC have 7.9 million BTC. This represents 40% of the 19.7 million BTC circulation supply. Whale accumulating has sent Bitcoin's price up. Whales' movements are noticed by the market. Their actions may influence smaller investors, causing Bitcoin purchasing to spread. This accumulating milestone might boost bullish momentum if Bitcoin approaches $70,000 again. #Mt_Gox_BTC_Dip #BTC $BTC
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Next week, there will be an increase in the amount of ALT, WLD, and ID that are in circulation In the previous twenty-four hours, all of the tokens that are involved in impending unlocks have been up. New tokens worth a total of $115 million will be released into circulation, making ALT the cryptocurrency with the greatest unlock share. An further wave of token unlocks is scheduled to take place in the cryptocurrency market the following week. Altlayer (ALT), Worldcoin (WLD), Ethena (ENA), and Space ID (ID) are all scheduled to get a combined token unlock that is estimated to be worth around $200 million. There will be another wave of significant token unlocks in the cryptocurrency market. Beginning on Sunday, a number of cryptocurrency projects will begin adding new tokens to their existing amount of tokens in circulation. During the next week, the first round of unlocks will be implemented for a number of cryptocurrencies, including FORT, GALA, and ENA. These cryptocurrencies will each get additional tokens valued $449.03K, $438.31K, and $7.27 million, respectively. It is common for token unlocks to result in greater volatility, which may have a detrimental impact on the values of the cryptocurrencies that are impacted. Furthermore, later in the week, ALT, WLD, and ID will each be hosting their own distinct unlock events. The biggest proportion of unlocks will be granted to ALT, which will result in an increase of $115 million to its total supply. The WLD token comes in second with a total value of $80 million for its tokens, while the ID token earns $8.89 million. Each of the four cryptocurrencies, together with ENA, will be able to unlock fresh tokens worth more than two hundred million dollars the following week. Throughout the week that followed the expansion of its unlock timetable, Worldcoin has been the target of criticism from many individuals. Prior to the beginning of this week, ARB sent tokens worth more than seventy million dollars into circulation. #ALT #ID #ENA $ID $ALT
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