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Blockchain_Bulletin
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Check the list of major crypto events and token unlock of this week
Dec 30- Jan 5
#JanuaryTokenUnlocks
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🚨Tether Burns 1B USDT🔥 On the last day of 2024, Tether burned 1B $USDT, reducing the supply from 138B to 137B, raising questions about the crypto market’s direction. The burn comes after smaller liquidity withdrawals and a market dip, briefly sending $BTC under $93K.⬇️ Tether removed 2B USDT from the #Tron network, shifting liquidity towards #Ethereum . This contraction, especially in TRON-based USDT, signals potential shifts in market dynamics, with DeFi on Ethereum gaining momentum.🌐 Is this the start of more #stablecoin adjustments in the EU? With regulatory pressure building, the supply of USDT could be facing tighter constraints.📉
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🚨 Just In: Five #PudgyPenguins NFTs sold for $175, sparking speculation of a $116K pricing error or potential tax loss harvesting. 🤔 It's worth watching closely—could this be a short-term opportunity or a market blip?
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🌍Crypto Market Snapshot🌍🚨 Year-End Chill Reflects on Markets: $BTC dips below $93K (-0.83%), with $ETH (-1.71%) and $ADA (-2.97%) following suit. Markets are in the red as the New Year mood relaxes traders. 📉Key Stats: Market Cap: $3.23T (-1.65%) | BTC Dominance: 56.69% Fear & Greed Index: 48 (Neutral)—reflecting market indecision. 🔥Bright Spots: $VIRTUAL (+3.13%) and $PEPE (+2.48%) defy the trend. 👉Market cooling off after recent highs. Dips like this often signal profit-taking or cautious rebalancing. Time to reassess strategies?💭#BTCBelow92K
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1.🧵Bitcoin & Ethereum ETFs face year-end turbulence! On Dec 30, spot #etf outflows hit: #bitcoin : $415M #Ethereum : $55.5M BTC's price slipped from $94K to $91.8K. What’s driving this? Let’s break it down👇 2. Possible Reasons for the Outflows: 🔸Profit-Taking: Investors cashing out gains before the new tax year. 🔸Rebalancing: Year-end adjustments to manage risk or explore new opportunities. 🔸Caution: Recent market volatility might have spurred these moves. 3. What This Means for Crypto Investors: 📉Short-term dips can be unsettling but often attract buy-the-dip players. 💡Remember: Crypto markets are cyclical—corrections frequently precede rebounds. 4. Broader Context: Investors may shift funds to traditional assets or stablecoins. Outflows highlight the importance of having a well-balanced crypto strategy. 5. The Big Question: Will you HODL, sell, or buy the dip as 2024 ends?🌟 Share your strategy below!👇
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Grayscale Research has updated its top 20 crypto assets for Q1 2025, introducing $HYPE, $ENA , $VIRTUAL, $JUP , $JTO , and $GRASS. This strategic update underscores #Grayscale 's emphasis on emerging opportunities in #defi , decentralised AI, and the Solana ecosystem. For investors, it provides valuable insight into sectors poised for growth and innovation in the coming year.🚀 Read More: https://www.grayscale.com/research/market-commentary/grayscale-research-insights-crypto-sectors-in-q1-2025
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