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"Imagine if #
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BREAKING: RUMORS ARE CIRCULATING THAT THE U.S. SOLD 69,370 #BITCOIN WORTH $6.5 BILLION YESTERDAY....
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#Altcoins The key to success right now is endurance. Survive the current market volatility, and the rewards could be immense. Doesn't this Inverse Head & Shoulders pattern look strikingly similar to 2020/2021? Sentiment on socials, is deeply bearish, but market makers have played their cards brilliantly once again. Uptrend incoming.
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Media: US Department of Justice receives permission to sell 69,370 BTC ($6.5 billion) confiscated from Silk Road. The market is still holding up: few believe in a real sale of BTC 10 days before Trump comes to power
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Why is the Crypto Market Dumping? Here Are 3 Key Reasons Behind the Sudden BTC and Crypto Dip: 1. Better Jobs Data Yesterday, US job openings data came in at 8.096M, exceeding the consensus estimate of 7.605M. Strong economic data signals fewer rate cuts, which is bearish for risk-on assets like crypto. 2. New Pandemic Fears A new virus, HMPV, has emerged, causing panic as some cases were reported globally. Investors fear it could mirror the COVID-19 impact from 2020, spurring market uncertainty. 3. Rising Oil Prices Russia and OPEC have tightened oil supply, causing prices to rise. Higher oil prices fuel inflation concerns, preventing the Fed from aggressively cutting rates. My Take: Many of these factors may be overhyped by investors. Expect a reversal soon, and the crypto market could see a face-melting rally 🚀!
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Crypto enthusiasts are eagerly awaiting January 20, 2025, as it marks the potential for pro-crypto actions under the new U.S. administration. With Trump’s possible executive orders supporting crypto, Gensler stepping down from the SEC, and market speculation on Bitcoin's rise, many see this as a turning point for the industry. #Crypto #Bitcoin #USPolitics
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