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JUST IN: 🇺🇸 US Senator Cynthia Lummis says "We are so ₿ack" after voting for bill that would allow highly regulated financial firms to custody #Bitcoin and crypto.

JUST IN: 🇺🇸 US Senator Cynthia Lummis says "We are so ₿ack" after voting for bill that would allow highly regulated financial firms to custody #Bitcoin and crypto.

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✅This Week's Crypto News (May 16-21, 2024) ✅ 🧰MARKET NEWS: ✅Bitcoin (BTC) surged above $70,000, breaching a key resistance level and showing potential to reach a new all-time high (ATH). ✅Ethereum (ETH) is on the rise due to the possibility of SEC spot ETF approvals. ✅Cryptocurrency investment products saw significant inflows last week, totaling $932 million. This indicates growing investor confidence. ✅Whale accumulations and market trends pushed Bitcoin above $70,000. ✅The overall cryptocurrency market is exhibiting sideways movement and has been experiencing some volatility recently. Analysts note that there is uncertainty in the market and investors are being cautious. 🧰SIGNIFICANT DEVELOPMENT: ✅MicroStrategy purchased another 12,000 Bitcoin, increasing its total Bitcoin holdings to 95,000. ✅Grayscale CEO Michael Sonnenshein resigned and was replaced by Michael Mintzberg. ✅The US Securities and Exchange Commission (SEC) sued crypto exchange Kraken. ✅FTX is looking to sit at the negotiating table with the US government. ✅Bitcoin mining revenues reached record highs due to the increasing hash rate and the rising Bitcoin price. ✅Cryptocurrency trading volume fell for the first time in seven months, indicating waning investor interest. 🧰OTHER NEWS ⭐️Shiba Inu (SHIB) price dropped 2.5% in the last 24 hours. Is it time to buy the dip? ⭐️Will XRP continue its rise with Ripple's latest moves? $BTC $ETH $SHIB
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