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Bitcoin (BTC) price tumbled 4.4% within a frenetic 4-hour period on May 1, sliding below the $58,000 mark for the first time in 60 days.
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#CryptoNews🚀🔥V
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"Elon Musk Sparks Dogecoin Frenzy! 11% Surge Adds $2.5B to Market Cap!"
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As uncertainty grips the crypto market, Bitcoin is witnessing an intense reduction in non-empty wallet addresses, which may signal a bullish turnaround. According to market analytics platform Santiment, there are now 211,540 fewer active Bitcoin addresses compared to three weeks ago. However, the analysis suggests that this trend may precede a price rebound for Bitcoin. #Bitcoin #Crypto #CryptoNews” #CryptoNewssCommunity #CryptoNewss
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"Solana Is On Track for $180 Comeback—Here’s Why!"
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A United Kingdom-based pension fund has chosen to invest 3% of its assets in Bitcoin (BTC), the world’s largest cryptocurrency by market cap. Corporate Advisor reported recently that the unnamed fund made the Bitcoin investment in October, following advice from British pension specialist Cartwright. #Bitcoin #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewss
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The recent pre-election dip in Bitcoin aligns with past trends, suggesting a potential post-election rally similar to the ones seen in 2016 and 2020. Today, Bitcoin declined to around $66,600, continuing the correction that gained momentum on Sunday, when the cryptocurrency briefly dropped to $68,000 after reaching $73,000 just days earlier. Following the latest dip, Bitcoin stabilized around $68,600. This still shows a 3.30% decline over the past seven days. However, a glimmer of hope has emerged. Historical patterns suggest that Bitcoin tends to experience volatility leading up to U.S. elections, often followed by a post-election rally. Scottie Pippen, a known Bitcoin bull and former NBA champion, observed that Bitcoin tends to decline before elections but typically rallies afterward. He shared an analysis of past election cycles that supports this. It highlighted how Bitcoin experienced significant recoveries in 2016 and 2020 after initial drops during election periods. #Bitcoin #Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V #CryptoNewsUSA
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