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🥇 BlackRock says Bitcoin is a hedge against geopolitical uncertainty and monetary risk.
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💰 Bitcoin spot ETFs began trading this week with a net inflow of $129.45 million on June 1. #BTCETFSPOT #BTC☀ $BTC #Market_Update #MarketInsights #CryptoNewss
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According to Coinbase's official blog post, the US Marshals Service (USMS) has selected Coinbase Prime to provide advanced storage and trading services for “Class 1” large-cap digital assets. The agency, which is part of the US Department of Justice, manages these assets centrally to support federal law enforcement. Coinbase was selected after a competitive due diligence process that was evaluated based on several aspects. The company's strong track record and ability to provide institutional-grade Cryptocurrency services securely at scale were key factors in the decision. This decision is also supported by the fact that eight out of 10 Bitcoin exchange-traded funds (ETFs) in the US trust Coinbase Prime. $BTC $ETH $SOL #BTCETF #ETHETFS #VanEck_SOL_ETFS #Market_Update #marketanalysis
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💸 Ethereum ICO Era Whale Moves $24 Million to Kraken 🌐 Two significant Ether transactions have caught market attention. An ICO-era whale transferred $24.28 million worth of ETH to Kraken, ending a 209-day silence. Simultaneously, a U.S. government wallet moved $11.75 million in ETH to an unknown address. 🔗 These large movements by early adopters and authorities could potentially influence market dynamics. While some speculate about profit-taking or strategic management, the true intentions remain unclear. $ETH #ETH🔥🔥🔥🔥 #whalemovement #Market_Update #marketanalysis #MarketInsights
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While some similar macro factors may influence both Bitcoin and equities, their correlation remains low, despite a slight increase from zero to 0.26 (90-day rolling). The US dollar index, likely driven by other macro factors (inflation, interest rate differentials, etc.), has been more important for correlations to $BTC than equities. #BTC☀ #Market_Update #marketanalysis #MarketInsights #Megadrop
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📊 Number of installed cryptocurrency ATMs hits record high More than 82% of the world's cryptocurrency ATMs are in the United States, with Canada coming in second with 7.7%. $BTC $ETH $USDC #Altcoins👀🚀 #BTC☀ #Market_Update #MarketInsights #CryptoNewss
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