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Here's a rewritten version of the news: "TON Network Experiences Outage Amidst Surge in Trading Activity The Telegram Open Network (TON) has come to a standstill, with no new blocks being produced for over three hours. This sudden outage follows a frenzy of trading activity centered around a new memecoin called DOGS. The network's inability to produce new blocks has raised concerns, and the TON team has yet to comment on the issue. The outage occurs after DOGS memecoin witnessed a massive trading volume of $1.7 billion within its first ten hours of launch, reaching a peak market capitalization of $891 million. The unexpected surge in trading activity is believed to have contributed to the network's outage, leaving users wondering when the issue will be resolved."
Here's a rewritten version of the news:

"TON Network Experiences Outage Amidst Surge in Trading Activity

The Telegram Open Network (TON) has come to a standstill, with no new blocks being produced for over three hours. This sudden outage follows a frenzy of trading activity centered around a new memecoin called DOGS.

The network's inability to produce new blocks has raised concerns, and the TON team has yet to comment on the issue. The outage occurs after DOGS memecoin witnessed a massive trading volume of $1.7 billion within its first ten hours of launch, reaching a peak market capitalization of $891 million.

The unexpected surge in trading activity is believed to have contributed to the network's outage, leaving users wondering when the issue will be resolved."
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Bullish
"Exciting News for FET Fans! The Artificial Superintelligence Alliance (FET) has been on a roll, outshining top cryptos like Bitcoin, Solana, and TRON over the last week! Its price has skyrocketed by over 70% in just 7 days. What's behind this surge? (link unavailable) is launching an innovative lab in San Francisco, dedicated to pushing the boundaries of AI technology. This lab will be a hub for early-stage startups developing AI solutions, and it's generating huge excitement! After a brief dip, FET is back on track, posting the biggest gains among top AI cryptos. In fact, it's up by over 6% in the last 30 days, while others like Near Protocol and Internet Computer have seen a decline. And the momentum continues - FET added another 7% gain in the last 24 hours! While others may be experiencing a slump, FET is trading strong. Keep an eye on this rising star!" #Fetch_ai #FET.æ™ș胜策畄ćș“đŸ†đŸ† #FET❀ #Fetupdate #UptrendOpportunity $FET $RENDER $FET {future}(FETUSDT)
"Exciting News for FET Fans!

The Artificial Superintelligence Alliance (FET) has been on a roll, outshining top cryptos like Bitcoin, Solana, and TRON over the last week! Its price has skyrocketed by over 70% in just 7 days.

What's behind this surge? (link unavailable) is launching an innovative lab in San Francisco, dedicated to pushing the boundaries of AI technology. This lab will be a hub for early-stage startups developing AI solutions, and it's generating huge excitement!

After a brief dip, FET is back on track, posting the biggest gains among top AI cryptos. In fact, it's up by over 6% in the last 30 days, while others like Near Protocol and Internet Computer have seen a decline.

And the momentum continues - FET added another 7% gain in the last 24 hours! While others may be experiencing a slump, FET is trading strong. Keep an eye on this rising star!"
#Fetch_ai #FET.æ™ș胜策畄ćș“đŸ†đŸ† #FET❀ #Fetupdate #UptrendOpportunity
$FET $RENDER
$FET
$BTC $ETH $BNB "Crypto Market in Free Fall: $400 Billion Wiped Out in Hours The cryptocurrency market is experiencing a brutal sell-off, with a staggering 18.1% drop in the last few hours, resulting in over $400 billion in losses. The carnage has intensified during Asian trading hours, with Japan's Nikkei index plummeting 13% on Monday, August 5, extending its losses to over 20% since its July peak. According to Coinglass data, crypto market liquidations have surged to $1 billion in the past 24 hours, with $900 million in long liquidations and $106 million in short liquidations, mostly occurring in the last 4 hours. Bitcoin's price has plummeted over 15%, breaking below $50,500, while altcoins have suffered even deeper corrections, with Ethereum down 20% and other top altcoins losing between 15-20%. Investors are reeling as the market bleeds, with no clear end in sight to the chaos. Will the crypto market stabilize, or is this just the beginning of a prolonged downturn?" #BTC_MarketPanic_Dip #JapanEconomy #FreeFall #JapanCrypto
$BTC $ETH $BNB

"Crypto Market in Free Fall: $400 Billion Wiped Out in Hours

The cryptocurrency market is experiencing a brutal sell-off, with a staggering 18.1% drop in the last few hours, resulting in over $400 billion in losses. The carnage has intensified during Asian trading hours, with Japan's Nikkei index plummeting 13% on Monday, August 5, extending its losses to over 20% since its July peak.

According to Coinglass data, crypto market liquidations have surged to $1 billion in the past 24 hours, with $900 million in long liquidations and $106 million in short liquidations, mostly occurring in the last 4 hours.

Bitcoin's price has plummeted over 15%, breaking below $50,500, while altcoins have suffered even deeper corrections, with Ethereum down 20% and other top altcoins losing between 15-20%.

Investors are reeling as the market bleeds, with no clear end in sight to the chaos. Will the crypto market stabilize, or is this just the beginning of a prolonged downturn?"
#BTC_MarketPanic_Dip #JapanEconomy #FreeFall #JapanCrypto
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Bearish
"Bitcoin Price Plunges Below $60,000 Amid Fears of US Recession The price of bitcoin (BTC) dropped below $60,000 on Saturday, fueled by growing concerns that the US economy is heading towards a recession. This comes after a disappointing US jobs report on Friday, which showed only 114,000 jobs added in July 2024 - significantly lower than the expected 175,000. The unemployment rate also unexpectedly rose to 4.3%, its highest level since October 2021. These worrying economic indicators have sparked fears that the US economy is weaker than previously thought, despite the Federal Reserve's decision to maintain interest rates at 5.25%-5.5%. Fed Chair Jerome Powell hinted at a possible rate cut in September if economic conditions improve, but economists remain skeptical. The recent crypto market volatility, including major transfers by crypto lender Genesis, has added to the uncertainty. As the economic slowdown continues, investors are becoming increasingly cautious, leading to a decline in bitcoin's price. Will the US economy bounce back, or is a recession looming?" $BTC $ETH $BNB #btccrash #US_Job_Market_Slowdown #CryptoNewss #FearNGreed
"Bitcoin Price Plunges Below $60,000 Amid Fears of US Recession

The price of bitcoin (BTC) dropped below $60,000 on Saturday, fueled by growing concerns that the US economy is heading towards a recession. This comes after a disappointing US jobs report on Friday, which showed only 114,000 jobs added in July 2024 - significantly lower than the expected 175,000.

The unemployment rate also unexpectedly rose to 4.3%, its highest level since October 2021. These worrying economic indicators have sparked fears that the US economy is weaker than previously thought, despite the Federal Reserve's decision to maintain interest rates at 5.25%-5.5%.

Fed Chair Jerome Powell hinted at a possible rate cut in September if economic conditions improve, but economists remain skeptical. The recent crypto market volatility, including major transfers by crypto lender Genesis, has added to the uncertainty.

As the economic slowdown continues, investors are becoming increasingly cautious, leading to a decline in bitcoin's price. Will the US economy bounce back, or is a recession looming?"
$BTC $ETH $BNB
#btccrash #US_Job_Market_Slowdown #CryptoNewss #FearNGreed
FBI Warns of Crypto Scams Amidst Market Crash Bitcoin, Ethereum, Solana, and XRP PlummetThe cryptocurrency market has experienced a significant downturn this week, with major digital assets like Bitcoin and Ethereum suffering substantial losses. This sharp decline, which has wiped out over $300 billion in market value, comes on the heels of Elon Musk's recent comments about Bitcoin.As investors grapple with this volatility, the Federal Bureau of Investigation (FBI) has issued a stark warning about scammers attempting to capitalize on the situation. The agency is advising users to be vigilant against fraudulent schemes, particularly those impersonating cryptocurrency exchange employees.The FBI recommends the following precautions: * Ignore unsolicited calls or messages: Do not respond to any communication claiming to be from your cryptocurrency exchange, even if it appears urgent. * Verify independently: If you receive a suspicious notification, contact your exchange directly using a verified phone number or through their official website. * Protect personal information: Avoid sharing sensitive details like passwords or account numbers with anyone.The cryptocurrency industry has been plagued by security breaches and scams, and these incidents often spike during periods of market turbulence. As the digital asset space continues to evolve, it is essential for users to prioritize security and remain informed about potential threats. #cryptoscams #cryptoscamers #CryptoScamAwareness #FBIWarning $BTC $BNB $SOL
FBI Warns of Crypto Scams Amidst Market Crash

Bitcoin, Ethereum, Solana, and XRP PlummetThe cryptocurrency market has experienced a significant downturn this week, with major digital assets like Bitcoin and Ethereum suffering substantial losses.

This sharp decline, which has wiped out over $300 billion in market value, comes on the heels of Elon Musk's recent comments about Bitcoin.As investors grapple with this volatility, the Federal Bureau of Investigation (FBI) has issued a stark warning about scammers attempting to capitalize on the situation. The agency is advising users to be vigilant against fraudulent schemes, particularly those impersonating cryptocurrency exchange employees.The FBI recommends the following precautions:

* Ignore unsolicited calls or messages: Do not respond to any communication claiming to be from your cryptocurrency exchange, even if it appears urgent. * Verify independently: If you receive a suspicious notification, contact your exchange directly using a verified phone number or through their official website.

* Protect personal information: Avoid sharing sensitive details like passwords or account numbers with anyone.The cryptocurrency industry has been plagued by security breaches and scams, and these incidents often spike during periods of market turbulence. As the digital asset space continues to evolve, it is essential for users to prioritize security and remain informed about potential

threats.

#cryptoscams #cryptoscamers #CryptoScamAwareness #FBIWarning
$BTC $BNB $SOL
*"Trump Unveils Bold Bitcoin Plan: 'Strategic Reserve Asset' Status Ahead?"* In a surprise move, US presidential candidate Donald Trump announced his intention to make Bitcoin a strategic reserve asset if elected, during his keynote speech at the Bitcoin 2024 Conference. This stance marks a significant shift from his previous criticism of digital currencies.Trump declared, "If I am elected, it will be the policy of my administration to keep 100% of all the Bitcoin the US government currently holds or acquires into the future. #We'll keep 100%." This move would establish a "strategic national Bitcoin stockpile," effectively solidifying Bitcoin's position as a reserve asset.This announcement aligns with Trump's recent pro-crypto stance and could potentially:- Bolster Bitcoin's legitimacy- Attract new investors- Drive up its priceBillionaire entrepreneur Mark Cuban has also suggested Bitcoin's potential as a global reserve asset, citing its ability to serve as a "safe haven."Will Trump's plan propel Bitcoin to new heights? Only time will tell. #donaldtrump #Bitcoin_Coneference_2024 #BTC500K
*"Trump Unveils Bold Bitcoin Plan: 'Strategic Reserve Asset' Status Ahead?"*

In a surprise move, US presidential candidate Donald Trump announced his intention to make Bitcoin a strategic reserve asset if elected, during his keynote speech at the Bitcoin 2024 Conference.

This stance marks a significant shift from his previous criticism of digital currencies.Trump declared, "If I am elected, it will be the policy of my administration to keep 100% of all the Bitcoin the US government currently holds or acquires into the future.

#We'll keep 100%." This move would establish a "strategic national Bitcoin stockpile," effectively solidifying Bitcoin's position as a reserve asset.This announcement aligns with Trump's recent pro-crypto stance and could potentially:- Bolster Bitcoin's legitimacy- Attract new investors- Drive up its priceBillionaire entrepreneur Mark Cuban has also suggested Bitcoin's potential as a global reserve asset, citing its ability to serve as a "safe haven."Will Trump's plan propel Bitcoin to new heights? Only time will tell.
#donaldtrump #Bitcoin_Coneference_2024 #BTC500K
BlackRock Rules Out Staking for Ethereum Spot ETFs Despite the successful launch of several Ethereum spot ETFs this week, BlackRock CEO Larry Fink has confirmed that staking will not be a feature of their product.While the newly approved ETFs have seen significant inflows of capital, totaling nearly $800 million for BlackRock alone in just two days, the absence of staking income, a key component of Ethereum's value proposition, has raised eyebrows. This is particularly evident in the outflows from Grayscale Ethereum Trust, which previously offered staking rewards. However, ETF issuers remain optimistic about the future, hoping that a change in administration in January might open the door for staking integration. Disclaimer: This information is for informational purposes only and does not constitute financial advice. #ETH_ETFs_Trading_Today #ETHETFsApproved #BlackRock⁩ #Goodnews
BlackRock Rules Out Staking for Ethereum Spot ETFs

Despite the successful launch of several Ethereum spot ETFs this week, BlackRock CEO Larry Fink has confirmed that staking will not be a feature of their product.While the newly approved ETFs have seen significant inflows of capital, totaling nearly $800 million for BlackRock alone in just two days, the absence of staking income, a key component of Ethereum's value proposition, has raised eyebrows. This is particularly evident in the outflows from Grayscale Ethereum Trust, which previously offered staking rewards.

However, ETF issuers remain optimistic about the future, hoping that a change in administration in January might open the door for staking integration.

Disclaimer: This information is for informational purposes only and does not constitute financial advice.
#ETH_ETFs_Trading_Today #ETHETFsApproved #BlackRock⁩ #Goodnews
Binance latest Report "Binance Research, the world's largest cryptocurrency exchange, released a report today analyzing the current state of cryptocurrency markets. According to the report, analysts attribute the recent decline in Bitcoin and altcoins to two primary factors: the German government's sales, which began in June, and the Mt. Gox distributions. The report acknowledges that the past few months have been challenging for the cryptocurrency market, with a particularly difficult June that saw a 11.4% month-over-month decline in total crypto market capitalization. Despite this, analysts remain optimistic about the future, noting that the market has experienced a slight rebound in recent days. However, the market still remains 14% below its peak in March. The report provides a comprehensive analysis of the cryptocurrency market's recent performance and offers insights into the factors contributing to its volatility." #BinanceSquareFamily #binancereport #CryptoMarketMadness #NewsAboutCrypto $BTC $XRP $ETH
Binance latest Report

"Binance Research, the world's largest cryptocurrency exchange, released a report today analyzing the current state of cryptocurrency markets. According to the report, analysts attribute the recent decline in Bitcoin and altcoins to two primary factors: the German government's sales, which began in June, and the Mt. Gox distributions.

The report acknowledges that the past few months have been challenging for the cryptocurrency market, with a particularly difficult June that saw a 11.4% month-over-month decline in total crypto market capitalization. Despite this, analysts remain optimistic about the future, noting that the market has experienced a slight rebound in recent days. However, the market still remains 14% below its peak in March.

The report provides a comprehensive analysis of the cryptocurrency market's recent performance and offers insights into the factors contributing to its volatility."

#BinanceSquareFamily #binancereport #CryptoMarketMadness #NewsAboutCrypto $BTC $XRP $ETH
Play-to-earn games appeared quickly, but they didn't succeed. What went wrong? These games tried to attract gamers to cryptocurrency, but that approach didn't build trust or appeal to a wide audience. Now, the focus has shifted. Crypto fans want an easy way to earn cryptocurrency quickly. Traditional play-to-earn games require complicated gameplay and a lot of time. In contrast, "Tap-to-Earn" games offer a simpler and more enjoyable experience. These games use popular social media platforms like Telegram, where people already spend their time. This approach has opened the door to wider acceptance, intentionally or not. For example, over the past three months, 210 million people have played a game called Hamster Kombat on Telegram, where they run a simulated cryptocurrency exchange. Other successful Tap-to-Earn games have also attracted significant numbers of players. #playtoearn #TapToEarn #HamsterTapTap #Hamsterkombat #TapSwapAirdrop
Play-to-earn games appeared quickly, but they didn't succeed.

What went wrong?

These games tried to attract gamers to cryptocurrency, but that approach didn't build trust or appeal to a wide audience. Now, the focus has shifted.

Crypto fans want an easy way to earn cryptocurrency quickly. Traditional play-to-earn games require complicated gameplay and a lot of time.

In contrast, "Tap-to-Earn" games offer a simpler and more enjoyable experience. These games use popular social media platforms like Telegram, where people already spend their time. This approach has opened the door to wider acceptance, intentionally or not.

For example, over the past three months, 210 million people have played a game called Hamster Kombat on Telegram, where they run a simulated cryptocurrency exchange. Other successful Tap-to-Earn games have also attracted significant numbers of players.

#playtoearn #TapToEarn #HamsterTapTap #Hamsterkombat #TapSwapAirdrop
If anyone is worried about agix and ocean don't worry they will be returned into asi coin agix and ocean are the ticker for fet so feth =asi so relax your money and my money is safe ❀ I hope 😂😂🙏😝😝 #AGÄ°X #OCEAN& #FETH #MergerDiscussion #ASI $FET {spot}(FETUSDT)
If anyone is worried about agix and ocean don't worry they will be returned into asi coin

agix and ocean are the ticker for fet so
feth =asi

so relax your money and my money is safe ❀

I hope 😂😂🙏😝😝

#AGÄ°X #OCEAN& #FETH #MergerDiscussion #ASI
$FET
*Headline:* XRP Sees Massive Upside Momentum as 3 Billion Coins Moved in 24 Hours : The Ripple Labs-backed cryptocurrency, XRP, has seen a significant increase in value following massive whale and escrow movements today, July 2. : On-chain insights from Whale Alert reveal that nearly 3 billion XRP were shuffled in the past 24 hours, sparking intense speculation about the coin's future price movements. : According to the data, 1 billion XRP, worth $476 million, was unlocked via escrow at two unknown wallets. :The massive movement has piqued investor interest, and many are now watching XRP's next moves closely. .#XrpđŸ”„đŸ”„ #XRP_ETF #XRPInvestment #XRPWhaleAccumulation
*Headline:* XRP Sees Massive Upside Momentum as 3 Billion Coins Moved in 24 Hours

: The Ripple Labs-backed cryptocurrency, XRP, has seen a significant increase in value following massive whale and escrow movements today, July 2.

: On-chain insights from Whale Alert reveal that nearly 3 billion XRP were shuffled in the past 24 hours, sparking intense speculation about the coin's future price movements.
: According to the data, 1 billion XRP, worth $476 million, was unlocked via escrow at two unknown wallets.

:The massive movement has piqued investor interest, and many are now watching XRP's next moves closely.

.#XrpđŸ”„đŸ”„ #XRP_ETF #XRPInvestment #XRPWhaleAccumulation
The SEC dropping its investigation into whether Ether is a security is a positive development for the Ethereum network . However, the fight over regulation of the cryptocurrency industry is far from over, and the recent development does not necessarily mean that Ether is a commodity . The industry still needs a clear regulatory framework, and the SEC is still scrutinizing other aspects of the Ethereum ecosystem, such as staking . $ETH #SECandETF #secvseth #Write2Earn!
The SEC dropping its investigation into whether Ether is a security is a positive development for the Ethereum network .

However, the fight over regulation of the cryptocurrency industry is far from over, and the recent development does not necessarily mean that Ether is a commodity .

The industry still needs a clear regulatory framework, and the SEC is still scrutinizing other aspects of the Ethereum ecosystem, such as staking .

$ETH #SECandETF #secvseth #Write2Earn!
Algorand (ALGO) Investors Show Unwavering Loyalty Algorand (ALGO) Investors Show Unwavering Loyalty# Despite only 9.39% of ALGO holders being in profit, a remarkable 88.40% continue to hold their stakes, according to IntoTheBlock data. This loyalty is evident in the average holding period of nearly 11 months, surpassing Avalanche's six-month average and nearing Cardano's one-year mark. Signs of Confidence - Large stakeholders now own 20.7% of the total ALGO supply, up from 19.4% in May. - This accumulation by major holders often signals a bullish sentiment. What's Next? Analysts predict a potential 26% surge in ALGO's price. Will Algorand's loyal investors be rewarded for their patience? Only time will tell. Read more about Algorand and its potential breakout.

Algorand (ALGO) Investors Show Unwavering Loyalty

Algorand (ALGO) Investors Show Unwavering Loyalty#
Despite only 9.39% of ALGO holders being in profit, a remarkable 88.40% continue to hold their stakes, according to IntoTheBlock data. This loyalty is evident in the average holding period of nearly 11 months, surpassing Avalanche's six-month average and nearing Cardano's one-year mark.
Signs of Confidence
- Large stakeholders now own 20.7% of the total ALGO supply, up from 19.4% in May.
- This accumulation by major holders often signals a bullish sentiment.
What's Next?
Analysts predict a potential 26% surge in ALGO's price. Will Algorand's loyal investors be rewarded for their patience? Only time will tell. Read more about Algorand and its potential breakout.
Accidental Gift to Satoshi NakamotoSatoshi Nakamoto, the mysterious creator of Bitcoin, has received an unexpected gift - 90% of the holdings of a meme coin project called Pups Token (PUPS). The team behind PUPS meant to "sacrifice" an Ordinal (a digital artifact) but accidentally sent the funds to Satoshi's address instead. This means the funds, worth around $7,000, are now inaccessible. This incident highlights the importance of being cautious with transactions, as many are irreversible. Despite this blunder, the remaining PUPS tokens might gain value over time. The project might survive this mistake, but it serves as a reminder to be careful with transactions. Meme coin projects often give gifts to leaders in the ecosystem, following the example set by Shiba Inu (SHIB), which gifted Ethereum co-founder Vitalik Buterin a significant portion of its circulation supply. However, in this case, the gesture was accidental, and the funds are now locked away in Satoshi's address. #Pups $BTC

Accidental Gift to Satoshi Nakamoto

Satoshi Nakamoto, the mysterious creator of Bitcoin, has received an unexpected gift - 90% of the holdings of a meme coin project called Pups Token (PUPS). The team behind PUPS meant to "sacrifice" an Ordinal (a digital artifact) but accidentally sent the funds to Satoshi's address instead. This means the funds, worth around $7,000, are now inaccessible.
This incident highlights the importance of being cautious with transactions, as many are irreversible. Despite this blunder, the remaining PUPS tokens might gain value over time. The project might survive this mistake, but it serves as a reminder to be careful with transactions.
Meme coin projects often give gifts to leaders in the ecosystem, following the example set by Shiba Inu (SHIB), which gifted Ethereum co-founder Vitalik Buterin a significant portion of its circulation supply. However, in this case, the gesture was accidental, and the funds are now locked away in Satoshi's address.

#Pups $BTC
Bitcoin is dropping and analyst Ali Martinez predicts it could fall to $59,000 based on technical indicators. He points to a "death cross" and a "red 9 candlestick" on the chart, suggesting a potential drop below $63,300. This news follows Bitcoin falling below $63,000 with over $250 million in liquidated positions.
Bitcoin is dropping and analyst Ali Martinez predicts it could fall to $59,000 based on technical indicators.
He points to a "death cross" and a "red 9 candlestick" on the chart, suggesting a potential drop below $63,300.
This news follows Bitcoin falling below $63,000 with over $250 million in liquidated positions.
Satoshi Nakamoto was concerned . Emails between Bitcoin's creator Satoshi Nakamoto and early collaborator Martti Malmi shed light on the early days of Bitcoin. Malmi released the emails to counter Craig Wright's claim of being Nakamoto. The emails show Nakamoto's concerns about promoting Bitcoin as an investment and emphasizing anonymity. Nakamoto believed Bitcoin's energy consumption was lower than traditional banking and saw Proof-of-Work (PoW) as essential for a decentralized system. While the emails don't reveal Nakamoto's identity, they offer valuable insights into their vision for Bitcoin. #bitcoinhalving #satoshiNakamato #Bitcoin❗ #BitcoinHalvingTrends #write2earn $BTC
Satoshi Nakamoto was concerned .

Emails between Bitcoin's creator Satoshi Nakamoto and early collaborator Martti Malmi shed light on the early days of Bitcoin. Malmi released the emails to counter Craig Wright's claim of being Nakamoto.
The emails show Nakamoto's concerns about promoting Bitcoin as an investment and emphasizing anonymity.
Nakamoto believed Bitcoin's energy consumption was lower than traditional banking and saw Proof-of-Work (PoW) as essential for a decentralized system.
While the emails don't reveal Nakamoto's identity, they offer valuable insights into their vision for Bitcoin.
#bitcoinhalving #satoshiNakamato #Bitcoin❗ #BitcoinHalvingTrends #write2earn
$BTC
Bloomberg says not to worry ! Bitcoin price has dropped 12% in the last 5 days, leading to fear among investors before the halving. However, Bloomberg analyst Eric Balchunas believes this is a normal cool-off after a record-breaking period for Bitcoin ETFs. He points out that the recent outflows are small and not caused by institutional investors but by individual Bitcoin holders. Despite the recent dip, Bitcoin is still up significantly compared to last year. #bloomberginsights #BitcoinHodlers #news2024 #Bitcoin❗
Bloomberg says not to worry !

Bitcoin price has dropped 12% in the last 5 days, leading to fear among investors before the halving.
However, Bloomberg analyst Eric Balchunas believes this is a normal cool-off after a record-breaking period for Bitcoin ETFs.
He points out that the recent outflows are small and not caused by institutional investors but by individual Bitcoin holders. Despite the recent dip,
Bitcoin is still up significantly compared to last year.
#bloomberginsights #BitcoinHodlers #news2024 #Bitcoin❗
JP Morgan CEO reiterated his stance that Bitcoin is “a fraud.” “If you mean crypto like Bitcoin, I’ve always said it’s a fraud,” Dimon told Bloomberg’s Emily Chang, adding that there is no hope for it as a currency. He also called Bitcoin a “public decentralized Ponzi scheme,” but conceded that blockchain and smart contracts have value. “If it's a crypto coin that can do something like a smart contract that has value, there will be smart contracts and blockchain works,” Dimon said. “To the extent crypto is accessing certain blockchain things, that might have some value.” #bitcoinhalving #JPmorganAnalysis #ponzischeme #BitcoinHodlers #write2earn🌐 $BTC
JP Morgan CEO reiterated his stance that Bitcoin is “a fraud.”

“If you mean crypto like Bitcoin, I’ve always said it’s a fraud,” Dimon told Bloomberg’s Emily Chang, adding that there is no hope for it as a currency.

He also called Bitcoin a “public decentralized Ponzi scheme,” but conceded that blockchain and smart contracts have value.

“If it's a crypto coin that can do something like a smart contract that has value, there will be smart contracts and blockchain works,” Dimon said. “To the extent crypto is accessing certain blockchain things, that might have some value.”

#bitcoinhalving #JPmorganAnalysis #ponzischeme #BitcoinHodlers #write2earn🌐 $BTC
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