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Bitcoin Price: Dips to $70K Amid Rate Cut Speculations Bitcoin slipped slightly on Thursday, stabilizing after breaking out of a prolonged trading slump. Weak U.S. economic data has heightened expectations of Federal Reserve interest rate cuts, impacting the cryptocurrency market. In the past 24 hours, Bitcoin decreased by 0.5%, reaching $70,834.5 by 01:30 ET (05:30 GMT). This movement followed its recent breakout from a two-month trading range of $60,000 to $70,000, a range it had been stuck in since mid-March. Bitcoin Nears Record Highs with ETF Inflows Bitcoin is now about $3,000 shy of its all-time high recorded in March. The recent price support is attributed to a weakening dollar, as traders anticipate upcoming rate cuts by the Federal Reserve. U.S.-listed spot exchange-traded funds (ETFs) for Bitcoin saw a surge in inflows this week, pushing the total inflows for the year to approximately $15 billion. May also witnessed four consecutive weeks of inflows into spot Bitcoin ETFs. Altcoins Mixed as Rate Cut Speculation Grows Ethereum rose 1.6% to $3,850.43, hovering near recent two-month highs, driven partly by excitement over a potential spot Ether ETF. The SEC's approval for major U.S. exchanges to list spot ETFs in May has spurred engagement with fund managers on these products. Broader altcoin performance was mixed this week. While many saw gains amid weak U.S. economic data and bets on a September rate cut, Solana (SOL), Cardano (ADA), and XRP experienced slight declines. Shiba Inu (SHIB) and Dogecoin )both fell by 0.4%. Optimism about a lower interest rate environment was fueled by the recent rate cut by the Bank of Canada and anticipation of a similar move by the European Central Bank. Bitcoin's price remains volatile amid economic uncertainties and speculation of central bank rate cuts. Institutional inflows into Bitcoin ETFs boost sentiment, while altcoins show mixed performance. $BTC $ETH $DOGE #ETHETFsApproved #BTC Disclaimer: Research Yourself before investing, use only risk-worthy funds & take full responsibility for your decisions

Bitcoin Price: Dips to $70K Amid Rate Cut Speculations

Bitcoin slipped slightly on Thursday, stabilizing after breaking out of a prolonged trading slump. Weak U.S. economic data has heightened expectations of Federal Reserve interest rate cuts, impacting the cryptocurrency market.

In the past 24 hours, Bitcoin decreased by 0.5%, reaching $70,834.5 by 01:30 ET (05:30 GMT). This movement followed its recent breakout from a two-month trading range of $60,000 to $70,000, a range it had been stuck in since mid-March.

Bitcoin Nears Record Highs with ETF Inflows

Bitcoin is now about $3,000 shy of its all-time high recorded in March. The recent price support is attributed to a weakening dollar, as traders anticipate upcoming rate cuts by the Federal Reserve.

U.S.-listed spot exchange-traded funds (ETFs) for Bitcoin saw a surge in inflows this week, pushing the total inflows for the year to approximately $15 billion. May also witnessed four consecutive weeks of inflows into spot Bitcoin ETFs.

Altcoins Mixed as Rate Cut Speculation Grows

Ethereum rose 1.6% to $3,850.43, hovering near recent two-month highs, driven partly by excitement over a potential spot Ether ETF.

The SEC's approval for major U.S. exchanges to list spot ETFs in May has spurred engagement with fund managers on these products.

Broader altcoin performance was mixed this week. While many saw gains amid weak U.S. economic data and bets on a September rate cut, Solana (SOL), Cardano (ADA), and XRP experienced slight declines. Shiba Inu (SHIB) and Dogecoin )both fell by 0.4%.

Optimism about a lower interest rate environment was fueled by the recent rate cut by the Bank of Canada and anticipation of a similar move by the European Central Bank.

Bitcoin's price remains volatile amid economic uncertainties and speculation of central bank rate cuts. Institutional inflows into Bitcoin ETFs boost sentiment, while altcoins show mixed performance. $BTC $ETH $DOGE #ETHETFsApproved #BTC

Disclaimer:

Research Yourself before investing, use only risk-worthy funds & take full responsibility for your decisions

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Investors are waking up to a crypto landscape that's more reminiscent of a bear market in stealth mode than any bull run. Upon a deeper analysis of my holdings, it's evident that many altcoins are not just flirting with historical lows but are teetering dangerously close to or have breached levels last seen during the depths of the previous bear market. This sobering reality underscores the current challenges facing the crypto market. The optimism that once buoyed prices has given way to widespread caution and even pessimism among seasoned traders and newcomers alike. What's driving this downturn? It's a mix of factors—stronger-than-expected economic indicators from the U.S., like robust job growth, have dashed hopes of imminent Federal Reserve interest rate cuts. This has sent shockwaves through riskier asset classes, including cryptocurrencies. Adding to the pressure, leveraged positions are being unwound en masse, exacerbating the selling pressure and pushing prices down further. Technical signals, such as bearish trends in key indicators like the Relative Strength Index (RSI), paint a bleak picture for short-term recovery. For investors, this period serves as a stark reminder of the inherent volatility and unpredictability of the crypto market. It's a time not just for caution but for strategic thinking and diversification. Evaluating projects based on fundamentals, staying informed about market dynamics, and maintaining a long-term perspective are crucial amid such turbulence. While it may seem daunting, seasoned investors often view these downturns as opportunities to acquire assets at significant discounts. Whether you're a veteran or new to the crypto world, conducting thorough research and seeking guidance from trusted sources can help navigate these challenging waters. Remember, in a market as volatile as this, prudent risk management and patience can make all the difference in achieving sustainable returns. $$MANTA $ALT $CVX
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Top 3 Coins Under $10 for a $10,000 Portfolio, Recommended 1. Ether.Fi $ETHFI Put $3,000 into EthereumFi (ETHFI), priced at $3.1 per token. This nets you approximately 967 ETHFI tokens. Potential: Ether.Fi introduces a novel staking protocol for Ethereum, enabling participants to maintain control of their keys while delegating staking. Deposits are automatically restaked using Eigenlayer, which repurposes staked ETH to enhance external systems such as rollups and oracles, thereby boosting yield for ETH stakers. ETHFI serves as the utility and governance token, facilitating community governance, and managing the Ether.Fi treasury, overseeing protocol upgrades, and distributing protocol fees. 2. Venus $XVS Put $3,000 into Venus (XVS), priced at $7.0 per token. This gets you around 428 XVS tokens. Potential: Venus is creating a DeFi money market on Binance Smart Chain for digital asset lending and synthetic stablecoin generation. It uses a basket of BEP-20 assets as collateral to ensure liquidity and stability within the ecosystem, offering users decentralized borrowing and lending services. 3. Celestia ($TIA Put $4,000 into TIA, priced at $6.50 per token. This yields approximately 603 TIA tokens. Potential: Celestia introduces a scalable data availability network for launching new blockchains, separating execution from consensus, and pioneering data availability sampling. It enables next-gen modular blockchains, redefining scalability and flexibility in blockchain tech. This diversified approach includes tokens targeting different aspects of DeFi and blockchain tech, offering growth opportunities across varied segments of the crypto market within a $10 allocation for the recommended $10,000 portfolio. Disclaimer: Research Yourself before investing, use only risk-worthy funds, and take full responsibility for your decisions. #TIA🔥🔥🔥 #celestia #xvs #EtherFi #Venus
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MAGA, JASMY, and RCOF: Crypto Tokens Poised for Gains The cryptocurrency market has shown strong potential in 2024, with MAGA, JASMY, and RCOF standing out as tokens to watch. MAGA Token: Political Endorsement Fuels Growth MAGA, a token parodying Donald Trump, saw a downturn early in the year but surged by 103% in the past month after Trump endorsed crypto at an NFT event. His pro-crypto stance, emphasizing accepting crypto donations for his 2024 campaign, is expected to further boost MAGA. Analysts predict the token could reach $58.47 by the end of 2024 as his campaign heats up. RCO Finance: Transforming DeFi RCO Finance (RCOF) is revolutionizing decentralized finance with innovative solutions like enabling investments in real-world assets without converting crypto to fiat. Its AI trading platform and upcoming debit cards offer seamless integration of digital assets into everyday transactions. Currently, in a profitable presale at $0.0127, RCOF's smart contracts are certified secure by SolidProof. The project promises significant growth, with early investors potentially seeing a 3000% return by launch. JASMY Token: Sustained Momentum JASMY has experienced remarkable growth, rising from below $0.010 to $0.034 this year, marking an 891% annual gain. Continued interest could push JASMY to $0.164 by the end of 2024. Overviews: RCO Finance Leading the Pack Among these tokens, RCO Finance stands out for its innovative DeFi solutions and strong security. Its presale offers substantial early gains, making it a promising investment opportunity with the potential for a 3000% increase by launch. Disclaimer: Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions. $JASMY #donaldtrump #jasmyustd #jasmyrocket #jasmy. #MAGA
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