Shekhar Banerjee 0harekrishna0(@0harekrishna0)'s insights

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It seems that an Ethereum ICO participant returned after 1.12 years to deposit 1,069 ETH (equivalent to $3.55 million) to Kraken at a price of $3,329 per ETH, as reported 8 hours ago. The participant transferred the 1,069 ETH to the address 0x221930FB2AE2C25051E5A4DA5965C318f3D063D0 and then made the transfer to Kraken from this address. Here is the address provided: 0xf4deb6B36676a3A3b74aFD32972481225cDACb34. #Ethereum✅

Bitcoin ETF Flows Update Yesterday, Bitcoin spot ETFs saw a total net inflow of $203 million, marking four consecutive days of positive inflows. However, the Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $198 million for the day. GBTC's total historical net outflow now stands at $15.51 billion. On the other hand, the BlackRock ETF IBIT recorded the highest single-day net inflow among Bitcoin spot ETFs, totaling approximately $308 million. This brings IBIT's total historical net inflows to $14.77 billion. Disclaimer: Data and the graphic provided are sourced from SoSoValue. $BTC #ETF

Bitcoin Analysis and Predictions Bitcoin's recent price movements have been surprising, reaching $69,350 before falling again. However, what's encouraging is that this rise was driven by cash purchases, showing strong support from buyers. Even during the retreat, the price didn't touch the red band, indicating resilience and a quick rebound, as expected by bullish investors. Although we're still trading at yesterday's price, I'm optimistic about the 4-hour candle closing in green, which could push us above $68,200 and provide momentum to continue rising. Despite challenges from bears, the difficulty in pushing prices below $60K is a positive sign, possibly leading to a surge to $78K before the halving event. Some analysts warn of a potential sell-off if prices dip below $65K, particularly from Wall Street investors and miners. However, I believe this could actually attract more institutional players to enter the crypto market. Contrary to popular belief, seasoned investors from Wall Street are not fearful newcomers. They have a track record of success in traditional markets and are likely to navigate the crypto space adeptly, potentially outperforming some existing players. While there have been large purchase orders around $65,500/$64K, some may be strategic moves to deter aggressive shorting. Similarly, significant sales around $68,500 and $70K indicate a tug-of-war between buyers and sellers as the market follows a triangular pattern. Given the current price consolidation within the triangle, it's wise for traders to wait for a breakout before making decisions rather than being overconfident. I anticipate a significant upward breakout to $78K, and any potential drops, whether before or during the halving event, are unlikely to exceed -20% to -25%, providing opportunities for institutional investors to enter the market swiftly. Disclaimer: This stellar analysis comes straight from the insightful Ualifi Araújo , a beacon of wisdom in the crypto realm. Shared with permission within the Binance community. $BTC

#ZIG Zimbabwe Introduces New Gold-Backed Currency: ZiG Zimbabwe has launched a new currency called ZiG, which stands for "Zimbabwe Gold." This move aims to help stabilize the country's economy, which has been facing troubles for the past 25 years. The new banknotes, ranging from 1 to 200, are backed by gold. The central bank governor, John Mushayavanhu, revealed that the value of ZiG will be determined by the market. This currency replaces the previous one, RTGS, which had lost a significant amount of its value. Inflation has been high, reaching 55% in March. People have 21 days to exchange their old, inflation-affected notes for the new currency. However, the US dollar will still be accepted for transactions, as it is the preferred choice for most people. The introduction of ZiG banknotes and coins aims to address the shortage of US coins, which has led to receiving change in items like sweets and pens. Mushayavanhu assured that the amount of ZiG in circulation will be backed by gold or foreign exchange to prevent loss of value. Zimbabweans have been wary of the central bank since the 2008 crisis when the government printed large denomination notes amid hyperinflation. Although promises have been made to prevent overprinting, some remain skeptical about the new currency's success, emphasizing the need for government discipline. This currency launch coincides with the country facing challenges from a severe drought. #ZIG #Zimbabwe #newcurrency

Today in the world of Bitcoin, it's one of those days where many anticipate a downward trend, only to witness an unexpected surge in price! Just a slight dip further and the bullish investors will spring into action, particularly with #UBS and #Morgan Stanley entering the fray! Let's not be overconfident; if you're currently in a profitable short position, consider setting a take profit point and keeping a close watch! 🤝🏻🫂🚀 #BitcoinAwareness $BTC

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