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Crypto De Nostradame
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Giant Corporate Whale That Bought Bitcoin at $4,000, Woke Up from Sleep and Made New Trades in Rising Market! An address associated with Cumberland DRW, a leading digital asset trading firm, transferred 650.93 BTC worth approximately $41.96 million to Coinbase. The transaction occurred just hours ago and coincides with a period when Bitcoin’s market price was at its peak. The amount of BTC in question had been dormant for three years prior to this latest transfer. Analysis of on-chain data reveals that these funds were first obtained from multiple #DRW addresses six years ago, at an average purchase price of approximately $4,000 per #Bitcoin . Given the current repricing price of $64,463 per $BTC , this transaction could generate a profit of approximately 15 times the initial investment, or approximately $39.35 million. Cumberland, a major name in digital asset trading and a subsidiary of Chicago-based high-frequency trading firm DRW, was mentioned earlier this year as one of the trading firms chosen for Fidelity Investments’ spot #Bitcoin ETF, which was launched in January.
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Will Bitcoin Be $84,000 in September? Famous Analyst Comments on BTC with Charts! #Bitcoin price touched $65,000 for the first time in a long time in futures today and then settled above $64,000 in the spot market. The statements made by the Fed yesterday had an important place in this price movement. The statements made were interpreted as being ready for a rate cut and the BTC price rose accordingly. This rise also had a positive effect on the rest of the market. So let's see what market analysts are thinking right now. An analyst named Bluntz stated to his thousands of followers on the social media platform X that a new five-wave rise may have started after Bitcoin's $62,000 resistance was overcome, which could support BTC's move to an all-time high. The analyst applied the Elliott Wave theory, which suggests that a bullish outlook usually exhibits a five-wave upward movement before significant price corrections, to BTC. Bluntz said the following on the subject: "We managed to break out, we are now quite confident that we will reach a new all-time high." According to the analyst's analysis, #Bitcoin can reach $84,000 as a result of a series of movements in mid-September. As of writing time, Bitcoin continues to find buyers in the $64,000 region after an increase of more than 5% in the last 24 hours, which is thought to have been significantly affected by the interest rate cut announcement made by Fed Chair Powell. The analyst also made statements about Solana's (SOL) rival Sei, stating that SEI is on the verge of a significant rise against Bitcoin and the US dollar. I think #SEI is about to explode. The SEI/BTC pair has a weekly bullish outlook. SEI/USD has a clear five-wave rally from the lows and has already experienced a nice pullback AND heavy negative funding.
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Ethereum Foundation Makes Biggest Transaction of the Year: Almost $100 Million! The Ethereum Foundation, a nonprofit organization supporting the Ethereum blockchain, recently transferred 35,000 ETH (approximately $94 million at current prices) to the Kraken exchange. This is the largest transfer made by the foundation in 2024. Prior to this transfer, the foundation had made multiple transactions to sell a total of 2,516 ETH for 7.4 million DAI. This large transfer has some members of the crypto community concerned, with some suggesting that the #Ethereum Foundation should provide greater transparency. “These types of payments or transfers should be fully disclosed financially. Leave no room for doubt in people’s minds,” one commentator wrote on social media. The Ethereum Foundation tends to time the market with a fairly high degree of accuracy. For example, the foundation sold 20,000 ETH in November 2021, when the crypto market was at its peak during the previous bull cycle. In 2019, #Ethereum co-founder #VitalikButerin admitted that he convinced the foundation to sell 70,000 ETH at the peak of the 2017 bull market. Even after the latest transfer, the $ETH price remains in the green. It is currently trading at $2,741 on the Bitstamp exchange and has increased by 5% in the last 24 hours.
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US Investors Turn to Bitcoin: Powell's Words Draw Billions to the Market! Julio Moreno, an executive at the on-chain data and analytics platform CryptoQuant, evaluated the current status of Bitcoin (BTC). Julio Moreno discussed Bitcoin in his X post dated August 23. He reported that US investors are turning more to #Bitcoin following the dovish rhetoric of US Federal Reserve Chairman (#FED ) Powell. Jerome Powell said during his statements yesterday, "It's time to change policy." According to experts, this means that the Fed will cut interest rates.
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The Ethereum Foundation Explained Why It Made Its Latest ETH Sales! The leading altcoin in the cryptocurrency sector, Ethereum (ETH), has recently been faced with the Ethereum Foundation's #ETH sales. ETH, which has still not been able to make the expected increases due to this seller pressure, is trading at $ 2,800 at the time of writing our news. As of yesterday, the Ethereum Foundation deposited a total of 35,000 ETH (worth $ 94.07 million) to sell to Kraken. These sales drew a reaction from investors. The Ethereum Foundation, which has been selling $ETH regularly for a long time, made a statement after the liquidation. Aya Miyaguchi from the #Ethereum Foundation said the following about these sales: “These sales are part of our treasury management activities. The Ethereum Foundation has an annual budget of approximately $ 100 million, which largely consists of grants and salaries. In addition, some of the buyers can only accept fiat money. We were advised for a long time not to do any treasury activity this year due to regulatory complications and we were not able to share the plan in advance. Also, this transaction was not a single sale. There will be planned and phased sales from now on.”
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