Cryptocurrencies fell Tuesday amid a broader 🦾market sell-off following a hotter-than-expected CPI reading.

Bitcoin was last lower by 0.8% at $49,658.57 according to Coin Metrics. Earlier, it sunk as low as $48,372.89. On Monday it punched through the $50,000 mark to its highest level in more than two 📈🤖years.

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Ethereum co-founder Jeffrey Wilcke transferred a 4,300 ETH, valued at $10.7 million, to the cryptocurrency exchange Kraken. Priced at $2,482 per ETH at the time of the transaction, this significant sale has sparked speculation about the potential for an upcoming price correction.

Back in June, Wilcke deposited 22,000 ETH into Kraken, then worth $41.1 million, at a price of $1,870 per ETH. The timing of this deposit preceded a steep downturn in the market, which now leads many to wonder if history is about to repeat itself.

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Polkadot (DOT)

Polkadot, commonly known as DOT, serves as a multi-chain architecture facilitating interoperability and information sharing across diverse blockchains. While DOT previously experienced significant growth and garnered considerable interest, recent events have raised alarms among its investors.

A primary factor contributing to the anticipated divestment from DOT is its recent market performance. Despite its initial success and innovative technology, DOT has faced challenges in sustaining its growth trajectory. Currently, DOT’s trading price stands at $6.93, marking a considerable decline from its peak.

The growing skepticism among investors regarding DOT’s capacity for recovery and its underwhelming performance relative to its peers is prompting a shift away from DOT investments. Given the emergence of more appealing alternatives, a notable number of investors are choosing to reallocate their investments away from DOT.
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Lol binance will be delisting the king of alt coins xmr(monero), which is a top notch privacy coin in the market.

Xmr has refused to comply with binance regulation due to some privacy issues, which result in delisting.

There is no risk in holding the xmr coin for long term as it provide value in the crypto era.

Whereas coins like = trb, luna, bonk etc are still listed on binance where people lose large amount of money and get rekt, haha scam coins.

It's clearly proves that binance is now manipulated by big money, which are only supporting shitcoins.

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The risk gauge rank for DOT shows the coin is 🚀🚀🚀currently a high risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. DOT has traded -3.78% lower over the past 24 hours to its current price of $6.68. This shift has occurred while volume is below its average level and the coin's market capitalization has fallen. The cryptocurrency now has a market capitalization of $8,566,940,557.66 while $147,943,500.39 worth of the coin has traded over the last 24 hours. The price change in relation to the degree of volume and
market cap changes gives Polkadot a high risk 🤖

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⚜️Binance Exchange✅

The name Binance Exchange is familiar to all participants in the digital currency arena. The trading volume on this exchange is higher than any other exchange, and this is due to its popularity worldwide. According to CoinMarketCap, Binance Exchange is one of the top digital currency exchanges, with the highest trading volume of all exchanges, and the trading volume on this exchange at the time of writing this article was equivalent to $10,895,499,950. 💰Binance was founded in 2017 and is based in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high-frequency trading software.🔋
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⚠️ BREAKING JUP: Unveiling the Binance Launch Drama! ⚠️

📉 #ScamAlert: The Rollercoaster Ride of Jupiter (JUP) 🚀
Today marked the trading debut of Jupiter (JUP) on Binance, but the plot thickens! This crypto gem had already hit three other exchanges 30 minutes before its Binance listing, including Bybit. The result? A nosedive from $2 to $0.06 before the Binance trade kicked in, miraculously pushing it back up to $0.87.

🤔 How Did This Happen? The Scam Unveiled
Well, when you're dealing with seasoned scam artists armed with a bit of capital, pulling off such maneuvers becomes a walk in the park. Enter the "fake airdrop" strategy. A substantial portion of tokens is airdropped into wallets under their control. Then, as soon as the launch happens, they initiate a sell-off spree while raking in those sweet fees.

📈 Trading Drama Snapshot:

Initial plummet: $2 to $0.06
Binance rescue mission: Bounced back to $0.87

🚨 Stay Informed, Stay Safe!
Crypto enthusiasts, keep your eyes wide open in the wild west of the crypto world. Scams might disguise themselves as opportunities. Always do your research, and don't fall for the allure of quick gains.

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Bitcoin Price Prediction: The leading cryptocurrency 🕵🏻Bitcoin entered February 2024 in a silent and stagnant price behavior reflecting uncertainty among traders. However, with the increasing inflow in Spot Bitcoin ETFs the underlying asset witnessed a surge in demand pressure and surpassed the $48000 mark for the first time since the launch. This 😃uptick created a ripple effect in the altcoin market triggering a renewed recovery of major cryptocurrency. Will buyers have sufficient momentum to surpass $50000?🚀🚀🚀🚀🚀

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