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The Crypto Basic
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Short-term holders have triggered an 18-month high selloff on the Bitcoin market, following the transfer of $2 billion to crypto exchanges.
#BitcoinMarketCap
#BTC/Update:
#BTCRising
#BTC.price.surpassed
#CryptoisBetter
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"Elliott Wave Theory Hints at Dogecoin Surging to $8.50 Soon!"
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#Cardano price struggles for a bullish comeback while analysts picture a potential rally to $2 if ADA price exceeds $1.14. As the crypto market remains highly volatile, with Bitcoin fluctuating near the $88,000 mark, Cardano is witnessing a quick pullback. The ADA price dropped by 7% last night and continues a bearish trend with an intraday pullback of 4.08%. Currently, Cardano trades at a market price of $0.8694 and warns of a potential return to $0.73. Will a lower price rejection candle signal a reversal for Cardano? Let’s find out. Cardano Price Struggles at $0.86 On the daily price chart, Cardano is fluctuating sharply between the 50% Fibonacci level at $0.62 and the $1.20 supply zone. After a bullish engulfing candle formed over the weekend, with a 72% surge, Cardano has since shifted to a lateral movement. The bullish recovery failed to overcome the supply pressure at the overhead zone, resulting in sharp fluctuations near the 78.6% Fibonacci level, which is at $0.9216. Currently, Cardano has reached this critical level and formed a second consecutive bearish candle. As Cardano navigates this volatile path, the MACD and signal lines indicate a potential bearish crossover. The average lines have entered positive territory, but the declining histograms suggest a trend reversal is possible. Additionally, the daily RSI line is nearing the halfway mark, reflecting a slight decline in bullish momentum. Hence, the technical indicators point to the possibility of a pullback. #cryptonewstoday
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"US Government’s TBILL Strategy Could Skyrocket XRP to $10,000 – Here’s How!"
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Sam Bankman-Fried (SBF), founder of defunct crypto exchange #FTX , sheds light on his donations to U.S. politicians. In a startling development, SBF featured in former FOX News host Tucker Carlson’s podcast from federal prison, where he is serving a 25-year jail term. During the interview, the former crypto billionaire disclosed his prison ordeal, perspective on U.S. crypto regulation, and political donations. SBF Political Donations Recall that SBF was found guilty of misappropriating customers’ funds, leading to the collapse of the FTX crypto exchange. Federal prosecutors claimed he spent over $100 million of the misappropriated funds on political campaign contributions during the 2022 U.S. midterm elections. Notably, the Democratic Party was the major beneficiary of SBF’s political donations, with SBF revealing that he secretly funded the Republican Party. Reason Behind Funding Republicans In his latest interview, the FTX founder revealed that he started donating heavily to the Republican Party by late 2022. According to him, he contributed equally to both political parties, with his donations to the Republican Party becoming public knowledge around the same time FTX collapsed. He revealed that his donations to Republicans were driven by certain things he experienced under the Biden administration. During the 42-minute interview, he expressed shock at the way the Biden administration handled crypto, describing Gary Gensler’s approach to crypto regulation as a “nightmare.” However, he expressed optimism about Trump’s approach, hoping that the president will deliver on his promises for the industry. In the meantime, SBF’s parents are seeking a presidential pardon from Trump since he could not get one under the Biden administration despite his hefty donations to the Democratic Party. Notably, SBF ranked as the second-largest individual donor of Biden’s presidential campaign. #CryptoNews🚀🔥V
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