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Will Bitcoin Surpass Its Previous High Soon?
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Will Bitcoin Surpass Its Previous High Soon? Prominent crypto strategist Jason Pizzino has made intriguing remarks regarding Bitcoin‘s potential to reach new heights. He pointed out that Bitcoin is currently in a consolidation phase below its previous record of $108,200, suggesting that this period may precede a notable price increase in the cryptocurrency space, possibly concluding within the next week. What Price Range is Bitcoin Currently Trading? Currently, Bitcoin is trading around $94,528, which is roughly 13% lower than its all-time high. Pizzino explained that this consolidation could serve as a foundational step for a significant surge in cryptocurrencies. This temporary dip could be viewed as a corrective phase prior to Bitcoin’s anticipated upward movement. When Can We Expect Bitcoin’s Next Bullish Phase? According to Pizzino, the first quarter of 2025, particularly around January 20 during the Presidential inauguration, may be pivotal for Bitcoin as it could initiate a new bullish trend. He emphasized that a breakout could occur within the next six months, leading to new record highs. Key insights from Pizzino’s analysis include: Bitcoin’s current consolidation may facilitate a significant price surge.Historical patterns suggest that brief consolidations often precede major upward trends.Market dynamics should be closely monitored during this phase for potential investment opportunities. The current market situation highlights the importance of vigilance as Bitcoin navigates its consolidation phase. Pizzino’s insights suggest that the crypto community should be prepared for potential shifts in market momentum as Bitcoin aims to breach its previous record. #Bitcoin #BTC #CryptoNews #BitcoinHigh #Crypto2025Trends $BTC $ETH $XRP
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Cardano Whales Accumulate 20 Million ADA Amid Governance Progress
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Cardano Whales Accumulate 20 Million ADA Amid Governance Progress Large investors also bought 20 million ADA in the last two days, which indicates that they are waiting for another round of price changes. The Plomin SEP fork could bring the raw on-chain governance for Cardano, boosting up its decentralized ecosystem. The situation in the cryptocurrency market is generally considered positive, ADA price stands below 1 dollar providing an opportunity for an accumulation phase. Cardano (ADA) which currently ranks ninth on the list of largest digital currencies based on market capitalization has recorded large whale transactions over the past 48 hours. According to data, large investors have acquired over 20 million ADA during this period, which speaks of the use of the coin. Governance Enhancements Drive Interest The surge in whale activity may be tied to progress on Cardano’s decentralized governance. Recently, Intersect, a key organization in the Cardano ecosystem, announced that the Plomin hard fork governance action has been submitted for ratification. This update marks a pivotal moment for the blockchain’s governance framework, as it integrates full on-chain governance as outlined in CIP-1694. It marks the conclusion of the Cardano technical accumulation phase to build up a competitive technical infrastructure and seeks to start a new decentralized and self-governable ecosystem. For this reason, investors might be inclined to think that the company has future growth prospects and long-term sustainability, as Cardano did. Timeline for Governance Ratification The ratification and enactment of the Plomin hard fork could occur anytime between January 4 and January 29, 2025, depending on the blockchain’s epoch boundary. If successful this should strengthen Cardano’s governance and make it possible to fully decentralise the decision-making processes on the mainnet. #Cardano #ADA #CryptoNews #Crypto2025Trends #ATASurgeAnalysis $ADA $BTC $SOL
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