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🚨 Ethena USDe (USDe) was the stablecoin that grew the most in the last 30 days.
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Bitcoin, the leading cryptocurrency, has seen significant activity and fluctuations in recent times. As of June 2024, Bitcoin's price is hovering around $60,000-$70,000. A notable surge occurred in early June, with Bitcoin crossing the $71,000 mark, driven by substantial inflows into Bitcoin ETFs and increased buying pressure in the derivatives market (Nasdaq) (BeInCrypto). Several factors are influencing Bitcoin's current market dynamics. The recent approval of Ethereum spot ETFs has temporarily diverted investor attention towards Ethereum, leading to some volatility in Bitcoin's price. However, Bitcoin is regaining momentum as the effects of the ETF approval stabilize (Nasdaq). Analysts predict that Bitcoin could reach $75,000 in the near term. This optimism is partly due to Bitcoin's price breaking above critical resistance levels, indicating potential for further growth. Additionally, Bitcoin's symmetrical triangle pattern suggests a bullish trend if it sustains a close above $69,330 (BeInCrypto). In summary, Bitcoin's market is currently characterized by high volatility and positive sentiment, with potential for significant gains as it continues to attract investor interest and respond to broader market trends.
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🚨 Blockchain networks that recorded the highest decentralized exchange transactions in the last 30 days.
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🧙♂️ #Worldcoin (WLD) will integrate World ID on the Solana network.
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Bitcoin Mining Giant Announced It Is Mining A Surprise Altcoin: The Price Rises! Marthon Digital, one of the major Bitcoin miners, said in a statement that it was mining another altcoin besides BTC. Accordingly, the giant company announced that it is also mining the altcoin named #Kaspa (KAS) in addition to $BTC in order to diversify its mining income. The company has been mining Kaspa since September 2023 and stated that it has issued 93 million KAS tokens worth approximately $15 million. Marathon's chief growth officer, Adam Swick, said in a statement: “Marathon was uniquely positioned to mine Kaspa and benefit from the higher margins available to those who can deploy Kaspa ASICs today. “By mining Kaspa, we are able to create a revenue stream that is diversified from Bitcoin and directly linked to our core capabilities in digital asset computing.” In its announcement, Marathon purchased approximately 60 petahash KS3, KS5 and KS5 Pro ASIC mining rigs to mine Kaspa tokens. Half of this is currently operational, while the rest will come online in the third quarter. Adam Swick also emphasized that Marathon's main mining focus has not changed and is still on #Bitcoin . KAS, which has increased by over 8% in the last 24 hours, continues to be traded at $ 0.174 at the time of writing.
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XRP Ready to Rise: Leading Analysts Predict $2 Price with Whale Activity. A growing number of experts are predicting significant price movements for XRP. Captain Faibik, a respected name in the crypto analysis community, stated that XRP's price may have found its bottom. According to him, the token is about to enter an uptrend and may reach the target price of $2 in the medium term. This prediction is partially supported by significant whale activity in the $XRP market. Captain Faibik reinforced this prediction with a noteworthy post accompanied by a detailed price chart and strengthened the possibility of a market increase. Consistent with Captain Faibik's views, another respected analyst, EGRAG Crypto, also shared positive predictions for XRP. Their analysis highlights bullish technical indicators. Citing historical data and tools such as Fibonacci retracement levels, EGRAG Crypto predicts that XRP could reach higher levels and even rise to $7.5. Recent changes in ownership of leading $XRP investors have caught the attention of market observers. According to data from on-chain transaction tracker Whale Alert, approximately 120 million XRP tokens were moved in multiple large transactions. Such significant moves by major holders often indicate strategic positioning and may point to future price increases. In one recorded transaction, a whale collected 28.89 million #XRP from #Binance . On the other hand, in another large transaction, 24.04 million XRP was transferred to Bitso Exchange. Such activities add layers of complexity and anticipation to market dynamics. Current market conditions show a slight decline in the price of XRP, with the token trading at $0.4676. However, the speculative excitement created by whale activity and expert predictions offers an optimistic outlook. The recent increase in XRP Futures and Options Open Interest indicates increased investor interest and the possibility of future price fluctuations.
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