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Bitcoin soars after Argentina elects BTC-friendly Javier Milei as the next president.
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As Bitcoin surged past $89,000 today, reaching new heights, the cryptocurrency market is witnessing warning signs of increased volatility. Notably, Bitcoin hit an all-time high of $89,956 today, marking the culmination of eight consecutive days of upward momentum, during which its value advanced by approximately 35%. This impressive rally has propelled Bitcoin to become the eighth most valuable asset in the world, surpassing silver. However, market watchers are expressing concern about the short-term outlook amid the ongoing upswing, warning of the potential for significant price corrections as well as further surges. #Bitcoin #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewsUSA
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"Dogecoin Rally at Risk: Analyst Warns of Potential Correction Amid Sell Signals"
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XRP is showing mixed performance amid Bitcoin’s all-time high, with analysts predicting a massive bull run to start in seven weeks based on historical post-halving trends. Today, XRP registered a loss of 4% in its 24-hour performance, trading at $0.5841. This comes despite Bitcoin reaching an all-time high above $82K, with over 3% gains today. Meanwhile, at its current price, XRP is 14% higher than its lower threshold from a week ago. XRP even reached a multi-week high of $0.616 yesterday before the recent retracement. However, when looking at the weekly performance of other top-ranking assets—Bitcoin included—XRP’s gains appear relatively modest. For example, Cardano (ADA) and Dogecoin (DOGE) have surged by over 80% this week despite recent pullbacks. XRP’s weaker performance compared to its rivals has sparked significant discussion in the crypto community, with analysts attempting to provide reasons for holders to remain bullish on XRP. #XRP #Crypto #CryptoNewsCommunity #CryptoNewsUSA #CryptoNews🚀🔥V
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MicroStrategy, Tesla, and other major public entities record substantial gains on their stashes following Bitcoin’s price explosion past $88,000. Data from the Saylor tracker shows that MicroStrategy’s Bitcoin stash is now worth $24.96 billion. Notably, the Michael Saylor co-founded software firm spent $11.98 billion to acquire its 279,420 BTC stash at an average price of $42,888. However, its Bitcoin portfolio has grown by over 108%, providing a staggering $12.97 billion unrealized gain. Elon Musk’s Tesla spent $1.5 billion to acquire Bitcoin in February 2021, becoming the public firm with the largest Bitcoin holding at the time. Although the firm had sold 85% of the acquired stash, its 11,509 BTC stash has surpassed the $1 billion valuation. El Salvador’s portfolio tracker shows it has acquired 6,154 BTC at an average price of $44,324. Meanwhile, the stash is now worth $502 million, with 99.32% of its valuation ($136 million) an unrealized profit. Bhutan, the small Asian country, which acquired Bitcoin through its mining activities, now holds over $1 billion worth of the crypto firstborn. When its stash went public two months ago, Bhutan’s Druk Holdings held 13,036 BTC, worth $770 million. #Bitcoin #Crypto #CryptoNews” #CryptoNewssCommunity #CryptoNewsUSA
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Dogecoin is seeing astounding price surges, with retail wallet holdings increasing while 108 whales re-enter the market to boost the rally further. Dogecoin is experiencing a surge in market activity, driven by increased interest from retail investors only days after Donald Trump won the U.S. presidential election. Recent data from Santiment, a market intelligence platform, highlights a notable increase in smaller Dogecoin wallets over the past month. The report revealed that wallets holding less than 100,000 DOGE have increased by 74,885 over the last 30 days. However, while retail activity accelerates, larger wallet categories, such as shark and whale accounts, have decreased by 350 during the same period. Meanwhile, 108 whale wallets have recently re-entered the Dogecoin market, contributing to Dogecoin’s rally above $0.40, marking its highest level in over three years. Santiment noted that sustained momentum for Dogecoin depends on simultaneous accumulation by both retail investors and large stakeholders. The platform added that the coming days will be crucial in determining whether more sharks and whales will return to the market to support the ongoing rally. #Dogecoin #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewss
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