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๐Ÿš€BTC enthusiasts, buckle up! Bitcoin had a stellar week, riding high on the wave of excitement following the approval of spot Ethereum ETFs in the US. ๐ŸŽ‰ Last Sunday, BTC was struggling to stay above $66,000, but by Monday, it was a different story. Amid rumors of the US SEC approving eight spot Ethereum ETFs, BTC shot up by over $5,000, nearing $72,000 for the first time in six weeks. ๐Ÿš€ However, the crypto giant couldn't sustain the momentum and started to lose value in the following days. The biggest dip came just before the US securities regulator gave the green light to the ETFs on Thursday, with BTC falling to $66,400. But fear not, BTC rebounded and soared to $69,000 by Friday. ๐Ÿ’ช The weekend was relatively calm, but BTC held its ground at the $69,000 level. Its market cap is hovering around $1.370 trillion, with its dominance over other cryptocurrencies at 50.3%. ๐Ÿ† Meanwhile, Ethereum's native token, ETH, also had a field day, shooting up from $3,100 to over $3,900, its highest price since April. Other cryptos like DOGE, LINK, and APT also saw impressive jumps, but Uniswap and PEPE led the pack. ๐Ÿฅ‡ On the flip side, SOL, TRX, TON, and ADA were in the red. Despite this, the total crypto market cap gained more than $200 billion and is now above $2.7 trillion. ๐ŸŒ Stay tuned for more updates and keep HODLing, BTC fans! ๐ŸŽ‰๐Ÿš€

๐Ÿš€BTC enthusiasts, buckle up! Bitcoin had a stellar week, riding high on the wave of excitement following the approval of spot Ethereum ETFs in the US. ๐ŸŽ‰

Last Sunday, BTC was struggling to stay above $66,000, but by Monday, it was a different story. Amid rumors of the US SEC approving eight spot Ethereum ETFs, BTC shot up by over $5,000, nearing $72,000 for the first time in six weeks. ๐Ÿš€

However, the crypto giant couldn't sustain the momentum and started to lose value in the following days. The biggest dip came just before the US securities regulator gave the green light to the ETFs on Thursday, with BTC falling to $66,400. But fear not, BTC rebounded and soared to $69,000 by Friday. ๐Ÿ’ช

The weekend was relatively calm, but BTC held its ground at the $69,000 level. Its market cap is hovering around $1.370 trillion, with its dominance over other cryptocurrencies at 50.3%. ๐Ÿ†

Meanwhile, Ethereum's native token, ETH, also had a field day, shooting up from $3,100 to over $3,900, its highest price since April. Other cryptos like DOGE, LINK, and APT also saw impressive jumps, but Uniswap and PEPE led the pack. ๐Ÿฅ‡

On the flip side, SOL, TRX, TON, and ADA were in the red. Despite this, the total crypto market cap gained more than $200 billion and is now above $2.7 trillion. ๐ŸŒ

Stay tuned for more updates and keep HODLing, BTC fans! ๐ŸŽ‰๐Ÿš€

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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๐Ÿš€BTC Buzz๐Ÿš€: Bitcoin took a slight dip to $65,000 on June 14, marking a 5% drop from last week. But don't fret, zoom out and you'll see BTC is still consolidating since March! ๐Ÿ“ˆ Analyst James Check notes, "Bitcoin very rarely goes this quiet." The 30-day price range is a mere 8.3% apart. So, what's next? Either BTC becomes a stablecoin or volatility is just around the corner. ๐ŸŽข The Bitcoin sell-side risk ratio is low, hinting most profit and loss have been realized. The market needs a move to spark the next spending spree, says Check. The 'Choppiness Index' suggests the market is ready to trend weekly but needs a monthly rest. ๐Ÿ›Œ Check's prediction: short-term volatility, but not necessarily a long-term trend continuation. The base case for Bitcoin remains 'chop-solidation' - small pumps and dumps shaking out impatient holders. ๐ŸŽ  Analyst 'Rekt Capital' sees the struggle to break out as beneficial for the overall cycle, aligning the price with historical halving cycles for a "normal, usual bull run." ๐Ÿ‚ Bitcoiner Samson Mow predicts a huge candle is coming as "the BTC coil is super compressed now." ๐Ÿ•ฏ๏ธ Market analyst Jacob Canfield sees two scenarios: a sweep low to around $66,000 before a "strong reaction bounce" to $70,000, or a "deep capitulation wick" down to $60,000-$62,000. ๐Ÿ“Š At present, BTC is 10% down from its mid-March high but remains range-bound with a lower boundary just below $60,000. So, is it the calm before the storm or a new stable era for Bitcoin? Stay tuned! ๐Ÿ“ป
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๐ŸŽ‰Whoa! Hold onto your hats, BTC enthusiasts! ๐ŸŽฉ Michael Saylor's brainchild, MicroStrategy, has just upped the ante! ๐Ÿ’ฐ Just a day after announcing a $500 million convertible senior note offering to buy more BTC, they've boosted their target to a whopping $700 million! ๐Ÿ’ธ This NASDAQ-listed business intelligence software firm has been on a BTC buying spree since August 2020, using various types of funding to accumulate more of the cryptocurrency. ๐Ÿ“ˆ Their latest move? Offering convertible notes to fund their BTC purchases. ๐Ÿ“ This week, the company announced plans to offer $500 million aggregate principal amount of convertible senior notes due 2032. But wait, there's more! The very next day, they increased their target by 40% to $700 million! ๐Ÿš€ The terms remain the same, with a 2.25% percentage and a due year of 2032. ๐Ÿ“… The company plans to use the net proceeds to "acquire additional bitcoin and for general corporate purposes." ๐Ÿฆ According to SaylorTracker, MicroStrategy now owns 214,400 BTC (over 1% of bitcoin's total supply). Despite a slight dip from its all-time high in March, the company is sitting pretty on a massive unrealized profit of $6.6 billion. ๐Ÿ’ต MicroStrategy's share prices, being heavily influenced by bitcoin's movements, have been on a rollercoaster ride. ๐ŸŽข They started 2024 just under $700, dipped to below $500, then soared to over $1,900 as BTC skyrocketed in March. ๐Ÿš€ Although they've retraced a bit since their peak, they're still up 120% YTD, closing Friday at $1,495. ๐Ÿ“Š So, keep your eyes on MicroStrategy, folks! They're making big moves in the BTC world, and it's a wild ride you won't want to miss! ๐ŸŒ๐Ÿš€๐ŸŒ•
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