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JP Morgan analysts believe Bitcoin's recent price drop is just the beginning, citing overvaluation and futures market conditions. #tinytick

JP Morgan analysts believe Bitcoin's recent price drop is just the beginning, citing overvaluation and futures market conditions. #tinytick

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Crypto stocks see gains as Bitcoin surpasses $72K for the first time since March. U.S. crypto-related companies show positive momentum as Bitcoin's reward halving approaches. Coinbase (COIN) rises by 4.9% pre-market, MicroStrategy (MSTR) climbs 10%, and BlackRock's Bitcoin ETF (IBIT) increases by approximately 6.5%.
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In April, two cryptocurrencies are poised to hit the $100 billion market cap. 1. Binance Coin (BNB): Driven by Binance's growth and token burning mechanism, BNB is nearing the milestone with a current market cap of $87 billion. 2. Solana (SOL): Despite network challenges, SOL shows resilience, fueled by meme coins and high DEX trading volume. With a market cap of $79.11 billion, it's on track to reach $100 billion.
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Today, the crypto market is predominantly in the red, witnessing significant declines across various cryptocurrencies. Over the last 24 hours, the overall crypto market has shed approximately $120 billion from its total capitalization, currently hovering around $2.63 trillion. This decline follows notable drops in the prices of major coins such as Bitcoin, Ethereum, and Solana. Bitcoin, for instance, plummeted below $67,000, shedding around $3,000 in a sudden crash earlier today, leading to a flurry of liquidations. Check out for more #tinytick
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Economist Alex Krüger Forecasts Bitcoin All-Time Highs on the Horizon, Anticipates 4x Surge for Prominent Layer-One Altcoin. According to the closely monitored trader and economist Alex Krüger, Bitcoin (BTC) could be gearing up for new record highs in the near future. #tinytick
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Ripple, the force behind XRP Ledger, will release 1 billion XRP tokens on April 1, valued at $628.5 million. This monthly release may impact XRP's price negatively. Historically, Ripple has unlocked 1 billion tokens monthly since 2017, using various accounts like 'Ripple (22)' and 'Ripple (23),' according to XRPScan.
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