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BlackRock CEO Larry Fink admits Bitcoin skepticism, now a believer BlackRock CEO Larry Fink, who has called Bitcoin (BTC) a speculative asset and a money laundering tool since 2017, has embraced BTC during the last year, recognizing its financial potential. Fink told CNBC's Squawk Box that his perception of BTC has changed over the last five years. His first conclusion was inaccurate after examining the biggest cryptocurrency and its technology. Financial Legitimacy of Bitcoin Fink stated in the interview that he now views Bitcoin as a legitimate financial instrument, emphasizing that while there may be misuse, Bitcoin offers uncorrelated returns and can be used as an investment during economic uncertainty. The CEO of BlackRock, which introduced a Bitcoin ETF in January, compared BTC to digital gold and stressed its industrial utility, which investors typically miss. Fink's current remarks support his earlier optimistic views on Bitcoin as an asset class, where he compared it to gold as a hedge against inflation and currency depreciation. Over a year ago, Fink noted that Bitcoin has a finite quantity, limiting its production, and that BlackRock's spot Bitcoin ETF is a wealth storage tool that links BTC and gold. Bitcoin's long-term potential intrigues Fink, who looks beyond gold parallels. Fink trusts BTC because it can digitize gold and replace existing currencies. He claims Bitcoin is an international asset that can safeguard money from inflation and economic uncertainty since it is not connected to any currency. According to Bloomberg, BlackRock's spot BTC ETF has led the newly approved market in inflows since its launch, with clients adding $51 billion to its long-term mutual funds in the second quarter. BTC is now trading at $63,000, up 5% in 24 hours and 12% in 7 days. #BTC #Blackrock #CPI_BTC_Watch #BinanceTournament $BTC
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DOGE Price Rises to $0.125: Will It Last? Dogecoin rose steadily over $0.120 versus the US Dollar. DOGE is stabilizing and may rise over $0.1265. DOGE hopes to get beyond $0.1265 resistance. The price is above $0.120 and the 100-hour SMA. On the hourly DOGE/USD chart, a bullish trend line with support around $0.1195 is formed (Kraken). The price may rise if it breaks $0.1265 barrier. Dogecoin Price Expects Growth Dogecoin price rose after building a base above $0.1050. DOGE broke $0.1150 barrier to join Bitcoin and Ethereum in the bullish zone. Price broke $0.120 and the 100-hourly simple moving average. The price is consolidating gains above the 23.6% Fib retracement line of the upward run from the $0.1167 swing low to the $0.1264 high. Above $0.1220 and the 100-hourly simple moving average, Dogecoin is trading. The hourly DOGE/USD chart shows a bullish trend line with support at $0.1195. A further advance may encounter resistance at $0.1265. Near $0.1320 is the next big resistance. A closing above $0.1320 might push pricing above $0.1450. More advances might push the price toward $0.150. Bulls may halt at $0.1620 next. Another DOGE Drop? DOGE may correct below $0.1265 if it fails to rise. Initial downside support is $0.1240. The next key support is at $0.1215, the 50% Fib retracement level of the upward run from $0.1167 swing low to $0.1264 high. The major support is $0.1195. If the price breaks $0.1195, it might fall further. If so, the price may drop to $0.1140. #DOGE #WhaleAlert #Whale.Alert $DOGE
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Thanks to the likes of PEPE, WIF, and FLOKI, meme currencies have seen growth in the double digits PEPE, which is about to claim a crucial support zone, is among the market's top gainers. FLOKI, WIF, and MOG recover from losses and achieve gains of over 20%. The meme coin industry has seen a gain of almost 12% since the market recovered. With the rebound of Bitcoin having a domino effect on other major cryptocurrency categories, meme coins are once again at the top of the market. Monday saw daily performance increases of more than 20% from PEPE, WIF, FLOKI, and MOG, putting them in the front of the rebound. The most lucrative markets are PEPE, WIF, FLOKI, and MOG. Multiple meme currencies have made a triumphant return in the last day, after a brutal slaughter in the meme sector over the previous few weeks. This is all because to the market's recent rebound. PEPE had a 22% surge, resulting in a 17% improvement in its weekly performance. With its latest surge, PEPE is very close to an accumulation zone when buyers bought 58.6 trillion PEPE at an average price of $0.000011. This zone might be a crucial flashback support level if PEPE is able to break through it, since investors are less inclined to sell to breakeven now that bullish sentiment is gathering steam. The price of dogwifhat (WIF) increased by more than 22%, bringing its weekly gain to more than 24%. As a result of its surge, WIF is now the leading Solana meme currency, a position it briefly held last week until BONK regained it. After breaking into the top 100 cryptocurrencies by market value, MOG surged over 20% to hit a new all-time high earlier today, capping up a 73% weeklong run. Notably, whales have recently gone crazy purchasing MOG. According to statistics from Lookonchain, 0x7Afc withdrew 528.9 billion MOG, which is worth $1.1 million, before reaching a new record high, while 0xE76c paid 709,884 USDC to purchase 284.2 billion MOG. Adding to the rise, FLOKI shot up more than 20%, bringing its weekly gains to 27%. #PEPE #FLOKI #SHIB $PEPE $FLOKI
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Has Trump's choice of vice president made the United States the most crypto-friendly country? The cryptocurrency community is ecstatic with JD Vance's selection as Donald Trump's running mate. Vance has been outspoken on his favor of cryptocurrency; he voted against SAB 121 and owns some Bitcoin. With his victory, Trump may be able to create a favorable climate for the cryptocurrency business in the United States. Trump secured a complete pro-crypto position for the Republican Party on Monday, when he selected Ohio Senator JD Vance as his running mate. When Trump chooses his vice president, his pro-crypto attitude becomes even more strong. Trump has officially confirmed that Senator JD Vance of Ohio will be his running mate in the November presidential race. His formal nomination as the Republican party's presidential nominee at Monday's Republican National Convention in Milwaukee preceded the announcement. "After lengthy deliberation and thought, and considering the tremendous talents of many others, I have decided that the person best suited to assume the position of Vice President of the United States is Senator JD Vance of the Great State of Ohio," Trump said in a blog post. Crypto is nothing new for JD Vance; in 2022, he came clean about owning up to $250,000 worth of Bitcoin. To further guarantee that bitcoin enterprises are well-catered to, the senator also introduced a measure in 2023 to improve banking laws. At the same time, the crypto community is really excited by Trump's move. They think that if elected, the two may work together to solve the sector's regulatory problems. A large portion of the cryptocurrency community believes that the market will see its next bull run after Trump's victory. At least since he entered the race for president, Trump has been a powerful force in favor of a Republican administration that is crypto-friendly. He promised that "the future of crypto and the future of Bitcoin are made in the USA" and that he would "support the right to self-custody. #Trump #Binance #BTC $BTC
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XRP to $10,000? Prophetic Prediction Rocks Crypto Community XRP rose 0.5% to $0.5316 in 24 hours while the crypto market rose 3.5%. Despite a 26% year-long decline, the cryptocurrency is up 22% in a week and 11% in a month. This annual underperformance may change soon, as XRP entered the debate today after a ‘prophet’ predicted a Trump murder attempt and that the currency would “one day” hit $10,000. Investors should be wary of such promises, but XRP could return, especially when Ripple settles with the SEC. XRP to $10,000? Prophetic Prediction Rocks Crypto Community After a drop the day before, XRP's chart suggests a rebound. After plunging from 80 to just under 50 yesterday, its relative strength index (purple) has started rising again, indicating buyers are returning. In the last day, the currency has witnessed several large transfers off exchanges, indicating whales may be returning. Brandon Briggs, a soothsayer who predicted that Trump would escape an assassination attempt and that a bullet would fly past his ear, ‘busting’ his eardrum, may also boost XRP this weekend. About a month ago, the same person produced a YouTube video predicting the XRP price will hit $10,000. XRP was mentioned in a vision by God as a cryptocurrency that will appreciate as Apple stock has in recent decades. Although critics like this author doubt such assertions, they have excited the crypto community. Due to increasing demand, XRP might hit $0.6 in the next weeks before an SEC-Ripple deal helps it reach $1 by year's end. #XRP #Ripple $XRP #WhaleAlert
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