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Central banks are dipping their toes into crypto waters. Norway and Switzerland's central banks have invested in MicroStrategy, a Bitcoin-focused company. This signals growing acceptance of digital assets within traditional finance. While not buying Bitcoin directly, these investments offer exposure to the crypto market. Expect more institutions to follow suit as the digital asset landscape evolves. #banks #Crypto #CryptoNewss #bitcoin
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Bitcoin Regains Strength, Market Shows Signs of Consolidation Bitcoin has bounced back, surpassing the $61,000 mark. HODLers remain dominant with control over 12.87 million BTC. The market is slightly overvalued but not alarmingly so, according to the MVRV ratio. Miner influence is decreasing, potentially leading to less volatile markets. Positive sentiment prevails with most Bitcoin addresses in profit. However, indicators suggest a cautious approach. Bollinger Bands are narrowing, hinting at potential price consolidation. Chaikin Money Flow is slightly negative, and RSI indicates balanced conditions. $BTC #bitcoin #BTC☀ #BitcoinBeliever
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#Cardano ( $ADA ) could hit $5? 🤯 Analysts are bullish on the Chang hard fork! Technical indicators are looking strong too. Don't miss out on this potential opportunity. #Cardano #ADA #cryptotrading
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Crypto Whales Bet Big on $PEPE As the crypto market experienced a recent downturn, savvy investors, or whales, saw an opportunity to accumulate #memecoins like #PEPE at discounted prices. One whale cashed out 795.92 billion PEPE, then reinvested 400 billion, turning a $4.2 million investment into a $5.06 million profit. Another whale purchased 420 billion PEPE, capitalizing on the price dip. PEPE has shown resilience, rebounding 10% from its recent low. With #whales accumulating and the market stabilizing, the memecoin could potentially challenge resistance levels and reach new heights.
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Crypto mining landscape shifts as Marathon Digital, TeraWulf, and Bitdeer strategize. Marathon Digital ramps up Bitcoin holdings despite market stagnation. #TeraWulf faces production decline due to rising costs, pivoting to HPC and AI. #Bitdeer doubles mining capacity, boosting profits but still posting a net loss. Overall, mining revenue drops post-halving, challenging the industry.
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