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Important events of the week 🔵 Bitcoin surpassed $60,000 following an assassination attempt on former President Trump, causing market volatility. Traders estimate his chances of returning to the White House at 70%. 🔵 The launch of Deep Minds JEST algorithm made AI model training faster, cheaper, and greener, improving performance by 13 times and increasing energy efficiency by 10 times. 🔵 Coinbase highlighted uncertainty in the Bitcoin and Ethereum markets in the third quarter of 2024 due to the potential approval of the Ethereum ETF and the upcoming U.S. elections. 🔵 PC market growth driven by AI interest, with Apple leading, showing a 20.8% increase in Mac sales in the second quarter of 2024. 🔵 Binance reached 200 million users and obtained licenses in 18 jurisdictions, setting a record among centralized exchanges. $BTC
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📣 VanEck: Ethereum tops Bitcoin in 8-year profitability Over the past eight years, Ethereum has topped the list of the most profitable assets four times, while Bitcoin has done so only twice, according to observations by VanEck 😎 $ETH $BTC
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Doge coin's recent activity reflects strong bullish sentiment driven by significant whale accumulation. The notable increase in net inflows and the concurrent decrease in outflows emphasize the positive outlook of major market players, suggesting potential growth for DOGE in the near future. DOGE to the moon? The increase in these network indicators shows more influential players are taking part in the DOGE market. More to the point, this shows that big investors think the meme cryptocurrency will do well. The growing accumulation by these key players could mean strong future performance, which supports the bullish sentiment on the Dogecoin market. There has been a lot of on-chain activity with Dogecoin (DOGE) over the past day, which may suggest that market participants are bullish toward the popular meme cryptocurrency. Thus, IntoTheBlock's whale netflow metric signals that Dogecoin is flowing into the addresses of major holders in large amounts, as it has risen from the negative zone to 364.38 million DOGE over the specified period. The net inflow shows how much money whales and investors holding more than 0.1% of DOGE's working capital are putting into the market. The current status proves that big investors are allegedly buying a lot of Dogecoin, which may be good for the price. Moreover, market lows often match bursts of net flow, showing more buying during price drops. Further confirming the trend, 417.68 million DOGE have been added to the wallets of major Dogecoin holders. Meanwhile, the amount of coins leaving these large holders' wallets has gone down - from 85.5 million to 53.3 million DOGE. $DOGE
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70 Million XRP in 24 Hours, What's Happening? Two major XRP transactions were spotted earlier today. Tracking service Whale Alert revealed that more than 70 million XRP coins have been sent to two major crypto trading platforms. This comes amid a slight recovery of the XRP price after the recent market dump. In the first transfer, an unknown wallet sent about 33.78 million coins to crypto exchange Bitstamp. This transaction was worth around $14.67 million based on the current price of XRP. In the second transfer, another unknown wallet moved around 36.52 million XRP coins to trading platform Bitso. It was estimated to be worth around $15.84 million. The collective value of these XRP transfers is estimated to be around $30 million. This is a major amount of coins sent to crypto exchanges. The purpose of these transactions appears to be a sell-off. Traders typically send tokens to trading platforms from their wallets to reduce their holdings. In this case, these crypto traders have initiated a major sell-off of 70 million XRP coins. Typically, such developments leave a bearish impact on a coin. XRP may also struggle amid this intense selling pressure. However, it is also true that it will not be a long-term scenario. XRP price eyes recovery Amid today’s sell-off, the XRP price is trying to recover from its recent losses. As of writing time, the brainchild of Ripple is trading at $0.4406. While the price has increased 1.43% in the last 24 hours, it still has to secure more gains to shed the recent losses. A positive sign for the XRP token's price is that its RSI has entered a bullish zone. Currently at the value of 41, it is signaling that XRP may soon enter an uptrend. The RSI range of 40-50 is currently acting as support, and it means that XRP is not facing any bearish pressure. $XRP
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Top Alt Coins Picks For Breakout Rally Gains Next Week With the increasing chances of Bitcoin hitting the $60,000 mark this week, the bull run chances for this month are growing stronger. Further, the recovering rally in the alt coins gaining momentum signals a potential bull run. With high anticipation of a bull run in the market, here are the top under spoken alt coins ready for a massive jump. So, let’s look closer at the technical analysis of such alt coins to find the best entry opportunity this week. SAFE (SAFE) Gate Token (GT) Skale (SKL) $SKL $BTC
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