JOE CONSORTI: (https://x.com/joeconsorti/status/1869485519295648197?s=46&t=7ReTj1A2bqazOEzGlCKqHg) 🟠 "Bitcoin is still tracking global M2 with a ~70-day lag. Two scenarios: dislocate from global M2 thanks to BTC-native buy side, or continue following it into a deep mid-cycle correction.
🕵🐸 The wallet turned $3k into $73 million on #PEPE, profit x24,656!
Before the market corrected and PEPE set a new ATH, this trader sold another 100 billion PEPE ($2.8 million). He spent ~$3k to buy 4.91T PEPE on April 15, 2023. Over time, it sold PEPE steadily, selling 3.03 trillion PEPE for $27.5 million.
He still holds 1.88 trillion PEPE ($45.66 million), bringing his total profits to $73 million! (1, 2).
Bitcoin is experiencing an eventful December as it hovers near its all-time high of $103,679, reached earlier this month. Here are some of the key updates shaping the cryptocurrency's outlook:
Institutional Interest and Record Investments
Institutional demand is driving Bitcoin's momentum. Three U.S.-based companies—MicroStrategy, Marathon Digital, and Riot Platforms—invested a combined $3.26 billion in Bitcoin during the first 10 days of December. MicroStrategy alone acquired 21,550 BTC, reaf
Here are some of the latest updates in the cryptocurrency space:
Bitcoin Hits Milestone: Bitcoin recently crossed the $100,000 mark, marking a significant psychological and market milestone. Analysts suggest that further bullish momentum might push it higher, with predictions eyeing $200,000 in the next year.Ethereum's Bullish Outlook: Ethereum is also rallying, with some experts projecting it to target $6,200 amid a "secondary bull run." Factors like increased adoption of Layer 2 solutions and network upgrades are driving optimism.Central Bank Digital Cur
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