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Bitcoin Bounces Back to $67,800: Bullish Signs and Trump's Speech Fuel the Surge 🚀 Bitcoin Update: Why is Bitcoin Surging to $67,800? Bitcoin has rallied back up to $67,800, overcoming recent resistance around $65,000. After touching a low of $63,506.36, it's now showing bullish signs on the charts. Here's why: 📈 **Bullish Chart Signals**: The hourly chart indicates positive momentum with small moving averages crossing larger ones (20 over 100, 50 over 200), suggesting a bullish trend. 🌍 **External Factors Boosting BTC**: Investors' confidence is bolstered by significant events like Donald Trump's upcoming speech at the Bitcoin 2024 conference in Nashville. Additionally, Bitcoin ETFs are witnessing increased inflows, reflecting renewed trust in the cryptocurrency. 📊 **Technical Indicators**: The MACD chart shows a bullish crossover, indicating increasing buying pressure. Moreover, a notable number of short traders getting liquidated underscores the current bullish sentiment. 📈 **Market Conditions**: Currently trading at $67,988, Bitcoin has seen a 3.38% rise in the last 24 hours despite a 20.32% decrease in trading volume. The Fear and Greed Index sits at 59, with Bitcoin's market dominance at 55.4%. 🔍 **What to Expect**: Historically, Bitcoin tends to consolidate after breaking resistance levels before potentially testing new highs. With Bitcoin hovering around key support levels, expect some consolidation before any potential move towards $68,000. Keep an eye on developments from the Bitcoin 2024 conference as they could influence short-term price movements. Stay tuned for more updates on Bitcoin's market dynamics! 📈💼 #Bitcoin❗ #CryptoNews🚀🔥 s #BTC #Bitcoin2024
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💰 $108 billion VanEck CEO says he owns “way over 30%” of his portfolio in #Bitcoin Which is equals to $32,400,000.
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BREAKING ♨️ BlackRock CEO Talks About Staking Feature in Ethereum ETFs According to the latest development, BlackRock CEO Larry Fink said that adding the staking feature to Ethereum Spot ETFs is “not on the agenda.” Eight newly approved spot Ethereum (ETH) ETFs made a strong debut this week despite lacking staking income, a key feature of Ethereum's native token. Grayscale Ethereum Trust (ETHE), which has existed in non-ETF form for years but was newly converted to an ETF, saw outflows of approximately $811 million. However, new products like BlackRock saw nearly $800 million deposited in the first two days. Issuers expressed satisfaction with these early results. With a new administration taking office in January, the landscape can change quickly and issuers remain hopeful that staking may eventually become part of their products. *This is not investment advice. #ETH #BlackRocks
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Sei Price At A Critical Zone: Breakout Or Breakdown Ahead ♨️❔ 🚀 SEI Token Update 📈 Recently, SEI has shown impressive recovery momentum, with a notable 31% gain last week and an additional 13% this week, marking a strong comeback from recent lows. At present, SEI hovers near a crucial zone, signaling a pivotal moment for its price trend. 🔓 Unlocking SEI Tokens: SEI, tailored for decentralized exchanges (DEXs), is unlocking tokens progressively. With 31.75% of tokens now unlocked, upcoming releases include 220.16 million SEI on August 15th, impacting foundation, ecosystem reserves, and more. 💡 Market Insights: SEI boasts a market cap nearing $1.19 billion and ranks 68th in crypto markets. Open interest contracts have surged nearly 100%, indicating heightened investor interest and potential demand spikes. 📉 Technical Outlook: While recent data favor bullish trends, SEI faces a critical test near current levels. Traders watch the $0.45 resistance; surpassing it could signal a bullish reversal. Conversely, dropping below $0.35 might lead to further declines. Stay informed on SEI's pivotal movements and market dynamics as it navigates crucial price levels. 📊💬 #Crypto2024 #sei #SEIUSDT
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