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šŸŖ™ Crypto News (Apr 29, 2024): 1ļøāƒ£ CryptoPunks: On April 25th, an anonymous collector snagged #CryptoPunk 635 for 4,000 Ethereum (ETH) (around $12.5 million) via the crypto broker Fountain. This marks the third significant sale of one of the rarest non-fungible tokens (NFTs) in the popular CryptoPunks collection within the last two months. šŸŽØ 2ļøāƒ£ SEC: Bank of New York Mellon Corp (BNY Mellon), one of the largest custodian banks globally, made an investment in spot Bitcoin ETF shares offered by BlackRock and Grayscale Investments. šŸ¦ 3ļøāƒ£ IMF: In its latest report, the International Monetary Fund (IMF) analyzed the first cryptocurrency and its impact on global markets. The organization acknowledged the asset's potential to positively affect the economy. šŸ’¼ 4ļøāƒ£ Marshall Mathers: Eminem, the renowned rapper, promoted Crypto.com, a cryptocurrency exchange, on his social media platform. šŸŽ¤ 5ļøāƒ£ Dr-ck: On April 28, 2024, another independent miner with a hardware hash rate of 12 PH/s successfully mined #Bitcoin block number 841,286 (a solo block), earning a reward of 3.125 BTC (approximately $195,000). ā›ļø šŸ’¬ Enjoyed the updates? Consider subscribing for more intriguing news!

šŸŖ™ Crypto News (Apr 29, 2024):

1ļøāƒ£ CryptoPunks: On April 25th, an anonymous collector snagged #CryptoPunk 635 for 4,000 Ethereum (ETH) (around $12.5 million) via the crypto broker Fountain. This marks the third significant sale of one of the rarest non-fungible tokens (NFTs) in the popular CryptoPunks collection within the last two months. šŸŽØ

2ļøāƒ£ SEC: Bank of New York Mellon Corp (BNY Mellon), one of the largest custodian banks globally, made an investment in spot Bitcoin ETF shares offered by BlackRock and Grayscale Investments. šŸ¦

3ļøāƒ£ IMF: In its latest report, the International Monetary Fund (IMF) analyzed the first cryptocurrency and its impact on global markets. The organization acknowledged the asset's potential to positively affect the economy. šŸ’¼

4ļøāƒ£ Marshall Mathers: Eminem, the renowned rapper, promoted Crypto.com, a cryptocurrency exchange, on his social media platform. šŸŽ¤

5ļøāƒ£ Dr-ck: On April 28, 2024, another independent miner with a hardware hash rate of 12 PH/s successfully mined #Bitcoin block number 841,286 (a solo block), earning a reward of 3.125 BTC (approximately $195,000). ā›ļø

šŸ’¬ Enjoyed the updates? Consider subscribing for more intriguing news!

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šŸ“ˆ Prediction (MATIC and XRP): šŸ–– MATIC/USDT - According to data from the Santiment analytical platform, over the last three days, the supply of #MATIC on exchanges has decreased by 20 million tokens. Historically, similar occurrences have been followed by short-term price spikes. If history repeats itself, the altcoin may exit the consolidation phase. Forecast: The price of MATIC has been consolidating between $0.74 and $0.64 for several weeks now. Since mid-April, the token has repeatedly attempted to break above the upper boundary, acting as resistance. If the next attempt is successful, a consolidation above $0.81 will mark the beginning of a recovery rally. However, if the breakthrough fails, #Polygon will continue to trade within the specified range. Losing support at $0.64 could send the altcoin down to $0.60 and below, rendering bullish forecasts invalid. šŸ˜€ XRP/USDT - According to data from the Coinglass analytical platform, an increasing number of traders are opening short positions on XRP, hoping for a continuation of the asset's price decline. This is evident from the funding rate, which has once again turned negative. Forecast: At the time of writing, #XRP is trading around $0.51, preparing to break out of the existing symmetrical triangle pattern since early April. A symmetrical triangle is a technical analysis formation characterized by converging trendlines, indicating a period of consolidation before a potential breakout. Considering the aforementioned conditions, there is a likelihood that Ripple will break below the pattern's lower boundary and drop to $0.47. Losing this support could lead to a collapse to the $0.42 mark. On the other hand, confirmation of $0.51 as a support level would allow the altcoin to refute the bearish thesis. In this case, XRP could rise to $0.65. šŸ‘ Share your insights with others!
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