#BTC The smartest minds in the #world are focused on #bitco

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Key Reasons Why Bitcoin (BTC) Topped $71,000: Details Bitcoin on course for its fifth straight day of gains, surpassing $71,000 Bitcoin, the first and largest cryptocurrency by market cap surged past the $71,000 mark, showcasing gains for the fifth consecutive day. This uptrend mirrors the growing optimism on global markets, fueled by the anticipation of potential Federal Reserve interest rate cuts within the year. Bitcoin's current streak of daily gains is the longest in three months. At the time of writing, BTC was up 3.36% in the last 24 hours to $70,951, just 3.73% shy of its record high of $73,750 set in mid-March. Bitcoin began to rebound after reaching a low of $69,024 on May 31 and has spent the first few days of June in the green. Bitcoin surpassed $71,000 on Tuesday, achieving highs of $71,108, and has since risen to intraday highs of $71,375 in today's trading session, on course for its fifth straight day of gains. BTC/USD Daily Chart, Courtesy: #tradingview This sustained upward momentum comes as market traders increasingly bet on a Federal Reserve rate reduction as early as November, following indicators of easing U.S. inflation and a cooling job market. Despite recent challenges in sustaining its value above $70,000, Bitcoin has been buoyed by fresh optimism surrounding #BitcoinETFs , which suddenly saw shockingly high inflows on Tuesday and progress in Washington toward a more defined regulatory framework for cryptocurrencies. Expectations of looser financial conditions that tend to benefit speculative assets like cryptocurrencies, alongside these developments, have provided a favorable backdrop for Bitcoin's ascent past the $71,000 mark. Moreover, a short-term, 30-day correlation between Bitcoin and the #Nasdaq 100 Index, which tracks U.S. technology stocks, is at its highest since early 2023. This correlation suggests that further advances in the tech stock index could signal corresponding upward movements for Bitcoin. #StartInvestingInCrypto #BnbAth

Meme Craze: Half a Million New Tokens Appear on #Solananetwork. 🙀 455,000 new coins appeared on the Solana blockchain in May. The figure reached a monthly high due to low entry barriers and the hype around meme tokens. During the same period, 177,000 coins were issued on the L2 Base network, and 39,000 on the $BNB Chain. Approximately 20,000 tokens were created on the Ethereum #mainnet , as well as on second-layer solutions Arbitrum and Optimism. 🧐 "Solana is built to be a general purpose layer 1, with fast finality and high throughput with extremely low transaction fees" - noted Austin Federa, Head of Strategy at Solana Foundation. 👀 In his opinion, the mass adoption of the network is due to these characteristics, so "the cost of experimentation and new idea creation to near zero". He believes that tokens on Solana "should be as easy to create as content on the internet". 👍 🐶 Most of the new coins on the blockchain are meme #tokens . According to CoinGecko, the market cap of this segment is $9.4 B. #BNBCrossing660 #StartInvestingInCrypto

#DWFLabs creates hype among memecoins! 🔥 In addition to the incredible contribution of $12 million to $FLOKI , DWF Labs also invested $5 million in the "female" meme coin $LADYS from the Milady NFT collection. 🤩 And an hour ago, DWF #labs CEO Andrei Grachev announced upcoming investments in three yet unknown #Memecoins🤑🤑 ! He does not reveal what exactly these projects will be, but it seems that fun days await us in the space of memcoins! 🥳🎇 #BNBCrossing660 #StartInvestingInCrypto

DWF #labs buys $12 million worth of $FLOKI tokens 💰 #DWFLabs has just committed to purchase $12 million worth of FLOKI #tokens , some on the market and some to be purchased from the "Floki treasury". 👀 The exact number of tokens bought directly from developers is not disclosed, but the market has not yet reacted to this news. Previously, the well-known market maker announced that they were in talks with several memcoin projects about future cooperation, and DWF Labs CEO Andrei Grachev hinted that it would be 🐶 a "dog" memcoin. #BNBCrossing660 #StartInvestingInCrypto

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