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💫 The top 10 gaining cryptocurrencies since the beginning of the year: #AERO #WIF #AITECH #MANTRA #APEX $WIF $MANTA $PEPE

💫 The top 10 gaining cryptocurrencies since the beginning of the year:

#AERO

#WIF

#AITECH

#MANTRA

#APEX

$WIF $MANTA $PEPE

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How Will Tomorrow's US CPI Data Affect Bitcoin? Analyst Announces BTC Price Prediction for Both Scenarios. Investors are waiting for the April consumer price data to be announced. The Consumer Price Index (CPI), an important indicator of inflation, is expected to show an improvement compared to March. However, if the data reveals unexpected shocks, the price of Bitcoin, the world's largest cryptocurrency, could fall as much as 13% to $53,000, according to a report by digital asset trading company Zerocap. “An unexpectedly high #CPI could trigger a media frenzy and lead to short-term declines in risk assets given current concerns about stagflation,” Zerocap warned in its report on Monday. Zerocap, on the other hand, added that it could push Bitcoin back to $65,000 if data shows hopeful signs that inflation is cooling. Crypto enthusiasts are expected to examine #CPI data for any indication that inflation is continuing or decreasing. According to analysts, a decline in inflation could prompt the #FED to lower interest rates, which could benefit riskier assets such as Bitcoin by lowering the cost of borrowing and therefore investment. Markets are expecting a rate cut in September after employment and wages in the US were lower than expected the previous month, investment giant BlackRock said in its market report on Monday. Despite short-term uncertainties, the long-term outlook for the U.S. economy remains positive, according to David Brickell, head of international distribution at #FRNT Financial, and Chris Mill, a former forex trader. “Given the emerging macro dynamic, it is not a question of if we will make new highs for Bitcoin, but when,” he wrote in the “Connecting the Dots” newsletter. they wrote. $BTC $ETH
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Why is Bitcoin (BTC) price rising today? The price of Bitcoin (BTC) made a positive start to the new week, rising by approximately 3 percent to over $63,260. . Several important factors pushed the Bitcoin price up today, including the entry of Japanese company Metaplanet into the cryptocurrency industry. Additionally, the expectation that long-term holders will increasingly dominate the Bitcoin supply in the coming months has further boosted investors' confidence. Metaplanet, a Tokyo-listed investment firm, purchased 117.7 BTC worth approximately $7.19 million to hedge against Japan's mounting debt woes and yen volatility. This move is likened to MicroStrategy's move in the United States. “Metaplanet has adopted Bitcoin as a strategic reserve asset,” the company said in a May 13 press release, adding: “This development is a direct response to economic pressures in Japan, particularly high levels of government debt, prolonged periods of negative real interest rates and the resulting weak yen.” These factors contribute to the broader narrative of Bitcoin as a hedge against financial and monetary instability, further reinforced by its decreasing volatility over the years. Bracebridge Capital, a Boston-based hedge fund that oversees approximately $12 billion in assets, attracted attention with data on spot Bitcoin ETFs recently launched in the United States. The fund reportedly owns $262 million worth of Ark 21Shares #Bitcoin ETF (ARKB), $81 million worth of BlackRock's iShares Bitcoin Trust (IBIT) and $20 million worth of Grayscale Bitcoin Trust' (GBTC) shares. $BTC $ETH $SOL
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These 5 altcoins are preparing for the bull: They stood firm! 1- Lido DAO (LDO) LDO, one of the first cryptocurrencies that comes to mind when Ethereum is mentioned, increased by 3.30 percent in the last 24 hours. #LDO , which exhibited an upward movement in response to the retreat in BTC, gave confidence both on parity and ETH basis. If ETH recovers, even higher levels can be targeted for LDO. 2- Tron (TRX) #TRX , which has attracted attention with its solid stance in recent days, has achieved a 2 percent increase in a short time. The popular coin, which came to the fore with Justin Sun, seems to be on the agenda for a while longer. 3- THORChain (RUNE) #RUNE , which was not affected much by the downward movements in Bitcoin, gained upward momentum again. The altcoin, which gained 1.80 percent in value in the last 24 hours, made its ecosystem and investors happy. Especially in altcoin bulls, RUNE may stand out as a project that can make a difference. 4- Unus Sed Leo (LEO) LEO, known for its inverse pricing to BTC, did not surprise this time either. LEO, which knows how to rise while Bitcoin is losing value, ranked fourth on the list with an increase of 1.60 percent. #LEO investors are eagerly awaiting the next price moves. 5- Ethena (ENA) ENA, one of Binance's latest launchpools, managed to increase slightly by challenging Bitcoin. A dollar band continues to act as resistance for the popular altcoin, which has increased by 0.50 percent in the last 24 hours. If #ENA exceeds one dollar, volatile movements may be observed in the parity. $TRX $RUNE $LDO
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