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🚀📈 Bitcoin enthusiasts, buckle up! The U.S. Federal Reserve's decision to keep the benchmark federal rate steady at 5.25% to 5.50% could spark some short-term price fluctuations for our beloved BTC, according to Bitfinex analysts. But don't fret, the overall trajectory may stay positive, especially if the broader economic conditions continue to strengthen. 💪💰 Historically, Bitcoin has reached local peaks around the release of the Consumer Price Index (CPI) data, indicating potential volatility. But the world's largest digital asset might stabilize near current levels or even see modest increases, buoyed by investor optimism about future rate cuts expected later this year. 📊🎢 The Fed's rate decision could also bring stability to ETF flows, with spot Bitcoin ETFs potentially experiencing steady inflows. The introduction of spot Ether ETFs could attract significant interest, paving the way for diversified investments across both Bitcoin and Ethereum ETFs. 📈🌐 Bitcoin recently soared above $69,000 following the release of the CPI data, and despite a subsequent correction bringing it near $67,000, the retail crowd on Binance continues to hold net long positions on Bitcoin, anticipating a rebound. So, keep those HODL vibes strong, BTC fans! 🚀🌕

🚀📈 Bitcoin enthusiasts, buckle up! The U.S. Federal Reserve's decision to keep the benchmark federal rate steady at 5.25% to 5.50% could spark some short-term price fluctuations for our beloved BTC, according to Bitfinex analysts. But don't fret, the overall trajectory may stay positive, especially if the broader economic conditions continue to strengthen. 💪💰

Historically, Bitcoin has reached local peaks around the release of the Consumer Price Index (CPI) data, indicating potential volatility. But the world's largest digital asset might stabilize near current levels or even see modest increases, buoyed by investor optimism about future rate cuts expected later this year. 📊🎢

The Fed's rate decision could also bring stability to ETF flows, with spot Bitcoin ETFs potentially experiencing steady inflows. The introduction of spot Ether ETFs could attract significant interest, paving the way for diversified investments across both Bitcoin and Ethereum ETFs. 📈🌐

Bitcoin recently soared above $69,000 following the release of the CPI data, and despite a subsequent correction bringing it near $67,000, the retail crowd on Binance continues to hold net long positions on Bitcoin, anticipating a rebound. So, keep those HODL vibes strong, BTC fans! 🚀🌕

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🎉Big news for crypto enthusiasts!🎉 The decentralized blockchain network, Internet Computer Protocol (ICP), has launched a new feature called Verified Credentials (VCs). 🚀 This innovative solution aims to enhance personal data sharing while maintaining privacy and control in the web3 space. 🌐 VCs are designed to combat public discourse manipulation on social media by eliminating bots and fake accounts. They provide walletless tools and infrastructure to issue and share human credentials in a privacy-preserving manner. 🛡️ These credentials are built on ICP’s Internet Identity, a decentralized identity solution running end-to-end on the blockchain. They offer an authentication platform based on passkeys rather than passwords or seed phrases, protecting users against phishing attacks. 🛠️ With ICP’s VCs, users can manage and reuse their credentials without decentralized applications linking the data back to them. They can choose who they share their credentials with and how much information they want to give. 🔄 The first application of VCs in ICP is the Proof of Unique Humanity (PoUH), implemented by the decentralized on-chain messaging app OpenChat. PoUH ensures humans possess only one account on a platform by linking credentials to biometric data like facial, finger, or palm print recognition. 🖐️ ICP believes that PoUH will fix the issue of multiple user accounts and bots perpetrating illicit behavior on traditional and web3 social media platforms. This is a significant step towards a more secure and private web3 space! 🎯 Stay tuned for more exciting updates in the crypto world! 🌍💫
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🎉🎉Hold on to your hats, BTC enthusiasts!🎉🎉 ZK tokens, freshly dropped by zkSync, are seeing some serious action. 📉📉Nearly half of the wallets that received the tokens have already sold their entire stash, causing the ZK token to take a nosedive, losing over 30% of its value in less than a day. 👀Nansen data shows that about 41% of the addresses that claimed the tokens have already sold out. Some of these addresses received a whopping 2.4 million tokens and have completely liquidated their allocation. 🔍But wait, there's more! Approximately 29.8% of the addresses sold a portion of their tokens. Among the top 10 wallets, three sold small amounts, five kept their entire allocation, and two liquidated 100% of their holdings. 📊Since Monday, over 491 million ZK tokens have been sold post-distribution. However, this data only includes the top 10,000 wallets, which is about 1.4% of the addresses that received the airdrops. 🔔Last week, zkSync announced that nearly 695,000 wallets would receive about 3.75 billion tokens in the airdrop. According to Matter Labs expert Landon Gingerich, 491,000 wallets have claimed their share of the airdrop since the report’s publication. 💸💸The ZK token is currently trading at $0.22, marking a 25% decline over the past 24 hours. With a market capitalization of $825 million, ZK ranks among the top 100 tokens based on total valuation. 🤔There have been complaints that the zkSync team did not effectively deal with Sybill wallets, as many dodgy wallets qualified for the airdrop. Despite the drama, we're keeping our eyes on the prize and staying optimistic about BTC! 🚀🚀
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🚀Hey BTC enthusiasts!🚀 Let's take a quick detour to Ethereum-land. Ethereum's price has hit a significant support region after a brief consolidation correction stage, sparking hopes for a bullish reversal. 🐂 The price range between the 0.5 ($3421) and 0.618 ($3289) Fibonacci levels, along with the 100-day moving average ($3412), are acting as a sturdy safety net. If Ethereum sellers break this pivot, though, we could see a market cascade. 📉 On the 4-hour chart, Ethereum has formed a head and shoulders pattern, leading to increased selling activity. A bearish divergence between the price and the RSI indicator has upped the bearish momentum, leading to a significant downward movement. 🐻 However, Ethereum has also formed a descending flag pattern, a bullish continuation pattern if breached from the upper boundary. If sellers break down this crucial support, a downtrend targeting the $2.9K support is expected. But if demand returns and shrinks the supply, a reversal towards the flag’s upper boundary at $3.6K could occur. 📈 Ethereum's price has faced selling pressure near the $4K mark, leading to a significant decline. A significant amount of liquidity resides above the crucial $3.9K mark, potentially representing buy-stop orders from notable short positions. If demand returns to the market and the price experiences a bullish reversal near the $3K threshold, this liquidity region could be the main target for buyers. 🎯 So, will Ethereum fall to $3K or will the bulls wake up? Only time will tell! Stay tuned, crypto fans! 🚀🌕
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🚀Buckle up, Bitcoin enthusiasts! Polkadot (DOT) is currently experiencing a bearish trend, with a significant drop in demand and intensified selling activity. The price has plunged below the critical $6 support region, triggering a flurry of long liquidations. 📉 The daily chart reveals aggressive selling near the $6 support region, indicating a lack of sufficient demand. The price has breached this substantial support, aligning with the lower boundary of a multi-month triangle and previous major swing lows. This is a notable bearish sign. 😬 The 100-day moving average is on the brink of crossing below the 200-day moving average, signaling a death cross. This development further suggests a prevailing bearish sentiment in the market. A sustained bearish trend towards lower price levels is likely if the breakout is confirmed with a successful pullback. 😟 On the 4-hour chart, Polkadot faced significant rejection near the $6.8 supply zone after an impulsive surge. This completed a pullback to the broken region and verified the initial breakout, indicating the sellers’ dominance. 📊 However, the price action in the coming days will determine the breakout’s validity. If a pullback occurs and holds below the $6 mark, the continuation of the bearish trend will be imminent. 🧐 Analyzing the futures market sentiment can provide valuable insights into the cryptocurrency’s potential future path. The recent bearish descent is mirrored by a significant plunge in the Open Interest (OI) metric, reaching its lowest value. This indicates a lack of interest from market participants in taking aggressive long positions. 📉 Unless a change in the upcoming days brings demand back into the market, the bearish trend is likely to continue. So, keep your eyes peeled, Bitcoin lovers! 🚀
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