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🔥Hot off the press! BTC's wild ride continues! 🎢 After a positive start to the week, reaching just above $70,000 on Monday, the crypto king took a tumble on Tuesday, dipping to $66,000. 😲 The reason? Market jitters over the US CPI numbers and the subsequent FOMC meeting. But wait, there's more! 🚀 BTC shot back up to $70,000 after the CPI exceeded expectations. However, this joy was short-lived. By Friday, BTC found itself at a monthly low of $65,000. 😱 Despite bouncing back a bit, it's still down 1.5% on the day. This rollercoaster ride has led to over $200 million worth of liquidations from almost 75,000 traders in the past 24 hours.😰 BTC's market cap has slipped to $1.3 trillion, but it still reigns supreme over altcoins with a dominance of just over 51%. Meanwhile, altcoins are seeing red. Solana, DOGE, SHIB, AVAX, DOT, and ADA have all experienced declines. However, TON and UNI are bucking the trend with a 3% and 3.5% increase respectively. Despite the turbulence, we remain optimistic about BTC. After all, what goes down, must come up, right? 😉 Stay tuned for more updates! 🚀

🔥Hot off the press! BTC's wild ride continues! 🎢 After a positive start to the week, reaching just above $70,000 on Monday, the crypto king took a tumble on Tuesday, dipping to $66,000. 😲 The reason? Market jitters over the US CPI numbers and the subsequent FOMC meeting.

But wait, there's more! 🚀 BTC shot back up to $70,000 after the CPI exceeded expectations. However, this joy was short-lived. By Friday, BTC found itself at a monthly low of $65,000. 😱 Despite bouncing back a bit, it's still down 1.5% on the day.

This rollercoaster ride has led to over $200 million worth of liquidations from almost 75,000 traders in the past 24 hours.😰 BTC's market cap has slipped to $1.3 trillion, but it still reigns supreme over altcoins with a dominance of just over 51%.

Meanwhile, altcoins are seeing red. Solana, DOGE, SHIB, AVAX, DOT, and ADA have all experienced declines. However, TON and UNI are bucking the trend with a 3% and 3.5% increase respectively.

Despite the turbulence, we remain optimistic about BTC. After all, what goes down, must come up, right? 😉 Stay tuned for more updates! 🚀

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🚀🎉 Bitcoin lovers, gather 'round! BTC is showing signs of maturity, with dwindling volatility and no extreme price spikes since the fourth halving. 📉📈 In the past week, BTC saw a modest 3% decline, with selling activity outweighing buying across most exchanges. 📊 Between June 10th and 14th, the cumulative net trading volume for major BTC trading pairs hit $518 million, with Binance and Bybit experiencing the highest selling pressure. 🏦💰 Kaiko's latest findings suggest that despite price swings due to macroeconomic news, BTC has achieved a new level of maturity in 2024, marked by diminishing volatility. 📉📈 BTC's 60-day historical volatility has stayed below 50% since 2024 began, a stark contrast to the wild fluctuations of 2023 when volatility exceeded 100%. 🎢📈 In 2024, BTC's volatility hit an all-time high, but this peak was only 40% - far lower than the over 106% volatility spike seen in 2021. Even the launch of spot Bitcoin ETFs in the US had a relatively muted long-term impact on volatility. 🚀📉 However, the increased selling pressure has trapped BTC's price below $70,000. 📉💰 The weekend price drop was influenced by high selling volumes from miners impacted by the third halving event, which cut the block rewards from 6.25 BTC to 3.125 BTC. 🏦💰 Despite a 4% hash rate decrease post-halving, strong mining competition has forced miners to optimize capital efficiency. This indicates strong competition in the mining sector, with businesses forced to find various revenue streams to stay profitable. 💼💰 So, BTC enthusiasts, keep your eyes on the prize and stay tuned for more updates! 🚀🎉
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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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