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Robert Kiyosaki, a well-known financial expert, is confident in his prediction that Bitcoin $BTC will reach a substantial value of $350,000 by August. Additionally, Kiyosaki expresses optimism towards Ethereum $ETH and Solana $SOL , showing a positive outlook as well.#StartInvestingInCrypto #Binance55thProject(IO)
Robert Kiyosaki, a well-known financial expert, is confident in his prediction that Bitcoin $BTC will reach a substantial value of $350,000 by August. Additionally, Kiyosaki expresses optimism towards Ethereum $ETH and Solana $SOL , showing a positive outlook as well.#StartInvestingInCrypto #Binance55thProject(IO)
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is becoming unstoppable, and it looks like it could remove 1 zero from its price! Memecoins like $BONK and $BOME are also having a fantastic run. Expecting Bitcoin to support the trend too. We have seen profits grow by 14 times in the recent rally.#Binance55thProject(IO) #BnbAth
is becoming unstoppable, and it looks like it could remove 1 zero from its price! Memecoins like $BONK and $BOME are also having a fantastic run. Expecting Bitcoin to support the trend too.
We have seen profits grow by 14 times in the recent rally.#Binance55thProject(IO) #BnbAth
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Bitcoin’s Surge to $100K Before US Election Predicted by Standard Chartered ● Bitcoin may hit $100,000 before the US election, driven by positive U.S. job data. ● Geoff Kendrick forecasts $150,000 for Bitcoin by year-end if Trump wins. ● Approval of ether ETFs under Biden contrasts with Bitcoin’s potential under Trump Standard Chartered Bank analyst Geoff Kendrick predicts that before the next US presidential election, Bitcoin’s value will rise significantly and may perhaps hit $100,000. Positive results from the U.S. Non-Farm Payrolls data are expected to drive Kendrick’s estimate, which suggests that Bitcoin may reach a record high this coming weekend. 🔸 Anticipated Market Trends According to Kendrick, if Trump wins the US presidential election, Bitcoin might hit $150,000 by year’s end. It might also reach $100,000 before the election. He backs this up with an analysis of the Trump administration’s position on cryptocurrencies and a comparison to Joe Biden’s. 🚨 BREAKING: Bitcoin's Bull Run Ahead of US Elections! 📈 Standard Chartered predicts Bitcoin could hit $100,000 before the US elections! 💰💸 Geoffrey Kendrick, head of Standard Chartered Bank's forex and digital assets research, sees $BTC soaring to new heights as the…  — YG crypto The analyst highlights the recent approval of spot ether ETFs by the Biden administration, juxtaposed with Biden’s vetoing of efforts to repeal SAB 121. These contrasting actions suggest to Kendrick that Trump remains more favourable towards the crypto market. 🔸 Market Implications Kendrick’s predictions also encompass a potential rise to $80,000 by the end of June, alongside a steadfast year-end projection of $150,000 for Bitcoin. Notably, achieving the $150,000 mark by the conclusion of 2024 would position Bitcoin among the elite $3 trillion market cap club, mirroring NVDA’s recent achievement. Bitcoin’s current trading standings at $70,810 at the time of writing, indicates a market poised for significant fluctuations as per Kendrick’s analysis.#BTC☀ Bitcoin $BTC
Bitcoin’s Surge to $100K Before US Election Predicted by Standard Chartered
● Bitcoin may hit $100,000 before the US election, driven by positive U.S. job data.
● Geoff Kendrick forecasts $150,000 for Bitcoin by year-end if Trump wins.
● Approval of ether ETFs under Biden contrasts with Bitcoin’s potential under Trump
Standard Chartered Bank analyst Geoff Kendrick predicts that before the next US presidential election, Bitcoin’s value will rise significantly and may perhaps hit $100,000. Positive results from the U.S. Non-Farm Payrolls data are expected to drive Kendrick’s estimate, which suggests that Bitcoin may reach a record high this coming weekend.
🔸 Anticipated Market Trends
According to Kendrick, if Trump wins the US presidential election, Bitcoin might hit $150,000 by year’s end. It might also reach $100,000 before the election. He backs this up with an analysis of the Trump administration’s position on cryptocurrencies and a comparison to Joe Biden’s.
🚨 BREAKING: Bitcoin's Bull Run Ahead of US Elections! 📈
Standard Chartered predicts Bitcoin could hit $100,000 before the US elections! 💰💸
Geoffrey Kendrick, head of Standard Chartered Bank's forex and digital assets research, sees $BTC  soaring to new heights as the…  — YG crypto
The analyst highlights the recent approval of spot ether ETFs by the Biden administration, juxtaposed with Biden’s vetoing of efforts to repeal SAB 121. These contrasting actions suggest to Kendrick that Trump remains more favourable towards the crypto market.
🔸 Market Implications
Kendrick’s predictions also encompass a potential rise to $80,000 by the end of June, alongside a steadfast year-end projection of $150,000 for Bitcoin. Notably, achieving the $150,000 mark by the conclusion of 2024 would position Bitcoin among the elite $3 trillion market cap club, mirroring NVDA’s recent achievement.
Bitcoin’s current trading standings at $70,810 at the time of writing, indicates a market poised for significant fluctuations as per Kendrick’s analysis.#BTC☀ Bitcoin $BTC
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Binance Releases 19th Proof of Reserve. Binance, the world's largest cryptocurrency exchange, announced that it has published its 19th proof of reserve. The snapshot date is June 1, 2024. Users' BTC holdings reached 582,000 BTC, an increase of 0.09% compared to the last time (May 1). Thus, there was an increase of 534 BTC. However, users' ETH assets reached 4.664 million ETH, an increase of 7.02% compared to the last time. This represents an increase of 305,000 ETH from May to June. Finally, users' USDT holdings amounted to 22.08 billion USDT, down 3.38% compared to the previous time (772 million #USDT ). Defiling data shows Binance's current asset reserves are US$124.69 billion, with a net outflow of US$1.54 billion over last month. The report also includes data on other cryptocurrencies. You can review these in the table below. Proof of Reserves are assets held by the exchange for users. This means Binance shows evidence of having funds covering all user assets 1:1, as well as some reserves. When a user deposits one Bitcoin, Binance's reserves increase by at least one Bitcoin to ensure customer funds are fully supported. It's worth noting that this does not include the exchange's corporate assets, which are held in a completely separate ledger. “You should make sure that #Binance holds all user assets (and some reserves) in a 1:1 ratio, we have zero debt in our capital structure, and we have an emergency fund (SAFU fund) for emergencies.” Finally, the exchange's 11th Proof of Reserve audit report shows that assets are more than 100% safe. According to Binance, the proof of reserves (#PoR ) report proves that it has enough crypto assets to cover all customers' withdrawals, with reserves available in case of emergency.#FIT21 #StartInvestingInCrypto #Binance55thProject(IO)
Binance Releases 19th Proof of Reserve.
Binance, the world's largest cryptocurrency exchange, announced that it has published its 19th proof of reserve. The snapshot date is June 1, 2024. Users' BTC holdings reached 582,000 BTC, an increase of 0.09% compared to the last time (May 1). Thus, there was an increase of 534 BTC. However, users' ETH assets reached 4.664 million ETH, an increase of 7.02% compared to the last time. This represents an increase of 305,000 ETH from May to June. Finally, users' USDT holdings amounted to 22.08 billion USDT, down 3.38% compared to the previous time (772 million #USDT ). Defiling data shows Binance's current asset reserves are US$124.69 billion, with a net outflow of US$1.54 billion over last month. The report also includes data on other cryptocurrencies. You can review these in the table below.
Proof of Reserves are assets held by the exchange for users. This means Binance shows evidence of having funds covering all user assets 1:1, as well as some reserves. When a user deposits one Bitcoin, Binance's reserves increase by at least one Bitcoin to ensure customer funds are fully supported. It's worth noting that this does not include the exchange's corporate assets, which are held in a completely separate ledger.
“You should make sure that #Binance holds all user assets (and some reserves) in a 1:1 ratio, we have zero debt in our capital structure, and we have an emergency fund (SAFU fund) for emergencies.”
Finally, the exchange's 11th Proof of Reserve audit report shows that assets are more than 100% safe. According to Binance, the proof of reserves (#PoR ) report proves that it has enough crypto assets to cover all customers' withdrawals, with reserves available in case of emergency.#FIT21 #StartInvestingInCrypto #Binance55thProject(IO)
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As Bitcoin approaches its previous top, talks about its next major price objectives have resumed. Jan3 CEO and Bitcoin enthusiast Samson Mow is participating. Mow recently said on X (previously Twitter) that Bitcoin will soon reach $100,000, a milestone he regards as a step toward $1 million. He predicted events after March's break of $73,750, the all-time high. Key Factors Driving Bitcoin Price To $100k Target Mow proposes a scenario that might propel Bitcoin to unprecedented heights. First, breaking the previous record would cause a “recursive Bitcoin demand shock,” lifting prices swiftly because to strong demand and little supply. Mow believes this chain reaction might quickly push Bitcoin beyond $100,000. Recent market activity reflects his optimism. Bitcoin has gained 1.7% in the previous 24 hours and about 5% in the past week despite a modest setback from $71,312. Chris Vermeulen, Chief Market Strategist of The Technical Traders.com, agrees with Mow's optimism. In a comprehensive study, Vermeulen noted a cup and handle formation on the chart, indicating strong upward potential. He predicts Bitcoin will hit $80,000–$90,000, maybe $106,000, using Fibonacci extensions. Market Dynamics and Long-Term Outlook Both analysts see present market conditions as a precursor to further gains. Vermeulen's study confirms Mow's projection and adds that Bitcoin may hit $100,000, a psychological threshold that might cause market responses. Beyond this point, consolidation may occur, but the long-term outlook is encouraging. These estimates also depend on the financial environment. BTC and gold are becoming more popular as investors worry about the currency and stock market. This change suggests Bitcoin is now considered as a hedge against economic instability rather than a speculative asset.#ETHETFsApproved #altcoins #StartInvestingInCrypto
As Bitcoin approaches its previous top, talks about its next major price objectives have resumed. Jan3 CEO and Bitcoin enthusiast Samson Mow is participating.
Mow recently said on X (previously Twitter) that Bitcoin will soon reach $100,000, a milestone he regards as a step toward $1 million. He predicted events after March's break of $73,750, the all-time high.
Key Factors Driving Bitcoin Price To $100k Target Mow proposes a scenario that might propel Bitcoin to unprecedented heights.
First, breaking the previous record would cause a “recursive Bitcoin demand shock,” lifting prices swiftly because to strong demand and little supply. Mow believes this chain reaction might quickly push Bitcoin beyond $100,000.
Recent market activity reflects his optimism. Bitcoin has gained 1.7% in the previous 24 hours and about 5% in the past week despite a modest setback from $71,312.
Chris Vermeulen, Chief Market Strategist of The Technical Traders.com, agrees with Mow's optimism.
In a comprehensive study, Vermeulen noted a cup and handle formation on the chart, indicating strong upward potential. He predicts Bitcoin will hit $80,000–$90,000, maybe $106,000, using Fibonacci extensions.
Market Dynamics and Long-Term Outlook
Both analysts see present market conditions as a precursor to further gains. Vermeulen's study confirms Mow's projection and adds that Bitcoin may hit $100,000, a psychological threshold that might cause market responses.
Beyond this point, consolidation may occur, but the long-term outlook is encouraging. These estimates also depend on the financial environment.
BTC and gold are becoming more popular as investors worry about the currency and stock market. This change suggests Bitcoin is now considered as a hedge against economic instability rather than a speculative asset.#ETHETFsApproved #altcoins #StartInvestingInCrypto
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The trend says a more than 4X to New All Time Highs and perhaps much, much greater! According to this breakout trend, a >$10 may be on the way...#FIT21 #doge⚡
The trend says a more than 4X to New All Time Highs and perhaps much, much greater!
According to this breakout trend, a >$10 may be on the way...#FIT21 #doge⚡
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As we enter June 2024, the cryptocurrency market is throbbing with discussions about the top crypto to buy. As Solana Blockchain’s remarkable throughput and Arbitrum’s efficient layer-2 scaling have long dominated crypto discussions, BlockDAG is now garnering significant attention.  BlockDAG’s presale has soared to over $41.9 million, fueled by crypto influencers’ endorsements and groundbreaking mining technology. Unlike Solana blockchain and Arbitrum (ARB) price fluctuations, BlockDAG combines speed, security, and scalability in an unparalleled way. With crypto presale numbers rising steeply and promising mining capabilities, let’s explore why BlockDAG is favoured over established players like SOL and ARB#ETHETFsApproved #StartInvestingInCrypto
As we enter June 2024, the cryptocurrency market is throbbing with discussions about the top crypto to buy. As Solana Blockchain’s remarkable throughput and Arbitrum’s efficient layer-2 scaling have long dominated crypto discussions, BlockDAG is now garnering significant attention. 
BlockDAG’s presale has soared to over $41.9 million, fueled by crypto influencers’ endorsements and groundbreaking mining technology. Unlike Solana blockchain and Arbitrum (ARB) price fluctuations, BlockDAG combines speed, security, and scalability in an unparalleled way. With crypto presale numbers rising steeply and promising mining capabilities, let’s explore why BlockDAG is favoured over established players like SOL and ARB#ETHETFsApproved #StartInvestingInCrypto
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🚨Approval for Spot #Ethereum ETFs to Be Delayed, Says Gary Gensler🚨 Gary Gensler, the Chair of the U.S. Securities and Exchange Commission, has indicated a possible delay in the approval process for spot $ETH ETFs by asset managers. 👉During a CNBC interview on June 5, Gensler noted that the process for SEC approval of these ETFs would “take some time,” suggesting a slower pace in approving the necessary S-1 registration statements.
🚨Approval for Spot #Ethereum ETFs to Be Delayed, Says Gary Gensler🚨
Gary Gensler, the Chair of the U.S. Securities and Exchange Commission, has indicated a possible delay in the approval process for spot $ETH ETFs by asset managers.
👉During a CNBC interview on June 5, Gensler noted that the process for SEC approval of these ETFs would “take some time,” suggesting a slower pace in approving the necessary S-1 registration statements.
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VeChain (VET) has been navigating a downtrend channel, but a glimmer of hope appears. #VET is consolidating within a key support zone of $0.033 - $0.034. While buying pressure seems healthy, a breakout above this consolidation is crucial for confirmation. This potential breakout could signal a trend reversal for $VET . 🚀 #ETHETFsApproved #StartInvestingInCrypto #BnbAth
VeChain (VET) has been navigating a downtrend channel, but a glimmer of hope appears. #VET is consolidating within a key support zone of $0.033 - $0.034. While buying pressure seems healthy, a breakout above this consolidation is crucial for confirmation.
This potential breakout could signal a trend reversal for $VET . 🚀
#ETHETFsApproved #StartInvestingInCrypto #BnbAth
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The most significant and rapid changes in whale wallet balances (>1K $BTC ) occurred at the $30K and $70K levels. The current whale balance stands at 3.6 million #BTC , not including CEX wallets and miners.#ETHETFsApproved #altcoins #btc70k
The most significant and rapid changes in whale wallet balances (>1K $BTC ) occurred at the $30K and $70K levels.
The current whale balance stands at 3.6 million #BTC , not including CEX wallets and miners.#ETHETFsApproved #altcoins #btc70k
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$STRK looks strong today, firmly holding the 1.2$ level. Once it initiates its upward climb, the next target will be 2.65$. If it loses momentum, 1.08$ will provide the next support. hopeful for $BTC to stay bullish in the meantime. It has given 80% profits in the last rally. #ETHETFsApproved #StartInvestingInCrypto
$STRK looks strong today, firmly holding the 1.2$ level. Once it initiates its upward climb, the next target will be 2.65$. If it loses momentum, 1.08$ will provide the next support. hopeful for $BTC to stay bullish in the meantime.
It has given 80% profits in the last rally. #ETHETFsApproved #StartInvestingInCrypto
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BTC SOON DUMP The reason is that today there is a lot of news, so this news before that, BTC will begin to fall gradually or quickly, and at the same time, these areas that have BTC between 71,500 and 69,000 are areas of fluctuation, so there is a possibility that BTC will fall, as I talked about in my Signal about the area. 71,000 profit 4TP, so there is a good deal on the guaranteed minimum. Now we may need a temporary correction. The reason is due to the news that I mentioned above, which is important, and Friday is a good NFP, and this news may be the first reason for BTC’s rise. When the news came out, BTC exploded at that time, with this possible possibility of a correction before The news was released at the same time, so the BTC area is 69,800. The potential also is the piety resistance now is 71,000, so it is difficult to penetrate the area easily. 2️⃣ BTC penetrate between two areas failed to fall down 70500 and 70300 these two very important areas now survive gives negative if it does not close over the 70500 area and if the upside of the support area is 69500 and support area 69800 break area 69500 Back to 69000 support area and down and on the RSI 4H NFP and negative closing candles before this candle is so probability of landing#StartInvestingInCrypto #FIT21 #BNBCrossing660
BTC SOON DUMP The reason is that today there is a lot of news, so this news before that, BTC will begin to fall gradually or quickly, and at the same time, these areas that have BTC between 71,500 and 69,000 are areas of fluctuation, so there is a possibility that BTC will fall, as I talked about in my Signal about the area. 71,000 profit 4TP, so there is a good deal on the guaranteed minimum. Now we may need a temporary correction. The reason is due to the news that I mentioned above, which is important, and Friday is a good NFP, and this news may be the first reason for BTC’s rise. When the news came out, BTC exploded at that time, with this possible possibility of a correction before The news was released at the same time, so the BTC area is 69,800. The potential also is the piety resistance now is 71,000, so it is difficult to penetrate the area easily.
2️⃣ BTC penetrate between two areas failed to fall down 70500 and 70300 these two very important areas now survive gives negative if it does not close over the 70500 area and if the upside of the support area is 69500 and support area 69800 break area 69500 Back to 69000 support area and down and on the RSI 4H NFP and negative closing candles before this candle is so probability of landing#StartInvestingInCrypto #FIT21 #BNBCrossing660
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Bitcoin Receives a Huge Price Tag of $500,000 from a Billionaire, With an Explanation of Why Venture entrepreneur and billionaire investor Chamath Palihapitiya predicts a $500,000. Bitcoin price explosion. Bitcoin's fourth halving cycle on April 20, 2024, might spark a bull run, enabling this audacious projection. Bitcoin To Reach $500,000 Palihapitiya has discussed Bitcoin's value and prior halving cycles. This wealthy investor released a pricing study of Bitcoin's performance and trend patterns after each halving. Palihapitiya said Bitcoin has achieved fresh highs following each halving cycle. He compared Bitcoin's price movements one month, three months, six months, nine months, 12 months, and 18 months after its 2012–2024 halving occurrences. Investors regularly analyze a Bitcoin halving event and its influence on the crypto market for three months, according to Palihapitiya. He said Bitcoin rose exponentially from 6 to 18 months after halving, reaching new highs. “Bitcoin price has increased materially following each halving, with the bulk of the returns realized between 12 months and 18 months,” Palihapitiya noted. He said Bitcoin's price rose 45X 18 months after its initial halving cycle. Bitcoin soared approximately 28X after the second halving and 8X after the third. Palihapitiya expects Bitcoin's value to reach $500,000 by October 2025 based on these halving trends. BTC Could Replace Gold Palihapitiya said that by evaluating Bitcoin's typical halving cycles, the cryptocurrency may reach $1.4 million. If Bitcoin appreciates to such heights, it might replace gold as a digital money for physical assets, he said. The wealthy investor expects Bitcoin's price will grow to $99,643 six months after its April halving, $238,623 in nine months, $362,997 in 12 months, and approximately $500,000 in 18 months based on the averages of the second and third halving cycles#ETHETFsApproved #altcoins #btc70k
Bitcoin Receives a Huge Price Tag of $500,000 from a Billionaire, With an Explanation of Why
Venture entrepreneur and billionaire investor Chamath Palihapitiya predicts a $500,000. Bitcoin price explosion. Bitcoin's fourth halving cycle on April 20, 2024, might spark a bull run, enabling this audacious projection.
Bitcoin To Reach $500,000
Palihapitiya has discussed Bitcoin's value and prior halving cycles. This wealthy investor released a pricing study of Bitcoin's performance and trend patterns after each halving.
Palihapitiya said Bitcoin has achieved fresh highs following each halving cycle. He compared Bitcoin's price movements one month, three months, six months, nine months, 12 months, and 18 months after its 2012–2024 halving occurrences.
Investors regularly analyze a Bitcoin halving event and its influence on the crypto market for three months, according to Palihapitiya. He said Bitcoin rose exponentially from 6 to 18 months after halving, reaching new highs.
“Bitcoin price has increased materially following each halving, with the bulk of the returns realized between 12 months and 18 months,” Palihapitiya noted.
He said Bitcoin's price rose 45X 18 months after its initial halving cycle. Bitcoin soared approximately 28X after the second halving and 8X after the third.
Palihapitiya expects Bitcoin's value to reach $500,000 by October 2025 based on these halving trends.
BTC Could Replace Gold
Palihapitiya said that by evaluating Bitcoin's typical halving cycles, the cryptocurrency may reach $1.4 million. If Bitcoin appreciates to such heights, it might replace gold as a digital money for physical assets, he said.
The wealthy investor expects Bitcoin's price will grow to $99,643 six months after its April halving, $238,623 in nine months, $362,997 in 12 months, and approximately $500,000 in 18 months based on the averages of the second and third halving cycles#ETHETFsApproved #altcoins #btc70k
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$ARKM is on fire and has taken yet another breakout step! It has confirmed its support at 2$, and with substantial volume, it's progressing steadily towards our subsequent target of 3.65$. Hope $BTC stays green too! We noted 570% gains in the last rally. #BNBCrossing660 #StartInvestingInCrypto
$ARKM is on fire and has taken yet another breakout step! It has confirmed its support at 2$, and with substantial volume, it's progressing steadily towards our subsequent target of 3.65$. Hope $BTC stays green too!
We noted 570% gains in the last rally. #BNBCrossing660 #StartInvestingInCrypto
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$BRETT is gaining momentum and has the potential to easily surpass our next target of $0.15. Moreover, both $ELON and $BONE memecoins are projected to perform strongly, possibly becoming market leaders. Earlier on, we've seen 280% profit with it. Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs. #btc70k #ETHETFsApproved #MtGox
$BRETT is gaining momentum and has the potential to easily surpass our next target of $0.15. Moreover, both $ELON and $BONE memecoins are projected to perform strongly, possibly becoming market leaders.
Earlier on, we've seen 280% profit with it.
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.

#btc70k #ETHETFsApproved #MtGox
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The Bitcoin (BTC) price briefly reclaimed the $70,000 level following the release of the latest US macro data. This came after business activity in the US manufacturing sector unexpectedly slowed down in May. The ISM Manufacturing PMI experienced a decline to 48.7 compared to 49.2 that was recorded during the previous month. According to analyst Matt Weller, this could be another sign that the US economy could be experiencing downshifting in the second quarter. The drop in the #ISM manufacturing index in May adds to the sense that the economy is losing momentum .. driven by the new orders index falling to a 12-month low. London-based research provider Capital Economics has also noted that the US economy is likely losing momentum. "The drop in the #ISM manufacturing index in May adds to the sense that the economy is losing momentum .. driven by the new orders index falling to a 12-month low," it said. The recent macro data might prompt the U.S. Federal Reserve to speed up the pace of rate cuts. In the meantime, West Texas Intermediate Crude Oil (WTI) futures have now dropped to $75, the lowest level since Feb. 6. 🔸 A short-lived bounce? After briefly regaining the $70,000, Bitcoin has pared some recent gains. This might be due to renewed selling pressure. According to blockchain sleuth Lookonchain, four miners' addresses that had been dormant for over a decade transferred $7 million out shortly after the flagship cryptocurrency surpassed the much-coveted $70,000 level#MtGox #MtGox #StartInvestingInCrypto
The Bitcoin (BTC) price briefly reclaimed the $70,000 level following the release of the latest US macro data.
This came after business activity in the US manufacturing sector unexpectedly slowed down in May. The ISM Manufacturing PMI experienced a decline to 48.7 compared to 49.2 that was recorded during the previous month.
According to analyst Matt Weller, this could be another sign that the US economy could be experiencing downshifting in the second quarter.
The drop in the #ISM manufacturing index in May adds to the sense that the economy is losing momentum .. driven by the new orders index falling to a 12-month low.
London-based research provider Capital Economics has also noted that the US economy is likely losing momentum. "The drop in the #ISM manufacturing index in May adds to the sense that the economy is losing momentum .. driven by the new orders index falling to a 12-month low," it said.
The recent macro data might prompt the U.S. Federal Reserve to speed up the pace of rate cuts.
In the meantime, West Texas Intermediate Crude Oil (WTI) futures have now dropped to $75, the lowest level since Feb. 6.
🔸 A short-lived bounce?
After briefly regaining the $70,000, Bitcoin has pared some recent gains. This might be due to renewed selling pressure.
According to blockchain sleuth Lookonchain, four miners' addresses that had been dormant for over a decade transferred $7 million out shortly after the flagship cryptocurrency surpassed the much-coveted $70,000 level#MtGox #MtGox #StartInvestingInCrypto
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Grok AI on X: Musk's social media platform, X (formerly Twitter), is set to introduce a new feature that uses Grok AI to summarize news events. This feature aims to provide concise news summaries based on user tweets, enhancing the platform's utility for premium subscribers #StartInvestingInCrypto #ETHETFsApproved #btc70k
Grok AI on X: Musk's social media platform, X (formerly Twitter), is set to introduce a new feature that uses Grok AI to summarize news events. This feature aims to provide concise news summaries based on user tweets, enhancing the platform's utility for premium subscribers
#StartInvestingInCrypto #ETHETFsApproved #btc70k
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📉 Shiba Inu (SHIB) Loses 84% in Key Metric as Whales Disappear In a recent report, data from IntoTheBlock revealed a significant decline in large transaction volumes for the meme-inspired cryptocurrency Shiba Inu (SHIB). Over the past 48 hours, the volume of these transactions, characterized by transfers exceeding $100,000 USD, has plummeted by a striking 83.77%. This drop translates from 11.65 trillion SHIB tokens to just 1.89 trillion SHIB tokens. In monetary terms, this decline is even more pronounced, with a decrease of 85.2% from $321.63 million to $47.69 million. The price of Shiba Inu itself fell by 2.4% during this period. The number of large transactions has also seen a dramatic decrease, falling from 584 to just 99 over the two-day period. Large transactions are typically indicative of the actions of whales and institutional players in the market. The decline in these transactions suggests a notable reduction in the activity of these major players within the Shiba Inu ecosystem. Shiba Inu (SHIB) price outlook Obviously, whale activity with SHIB has decreased, which is seen as negative, but its causes may not be so. It is known that big players tend to gain positions during periods of calm in the market and on price charts. Over the last month and a half, SHIB's price has shown significantly decreased volatility, trading mostly sideways. Despite this, the price of Shiba Inu has been registering higher and higher lows, demonstrating an uptrend. This can be seen as a positive sign. In this context, it could be considered that the whales have finished accumulating SHIB, and some big movement is on the horizon for the token. Whether this movement will be upward or downward remains to be seen.#ETHETFsApproved #StartInvestingInCrypto #shiba
📉 Shiba Inu (SHIB) Loses 84% in Key Metric as Whales Disappear
In a recent report, data from IntoTheBlock revealed a significant decline in large transaction volumes for the meme-inspired cryptocurrency Shiba Inu (SHIB).
Over the past 48 hours, the volume of these transactions, characterized by transfers exceeding $100,000 USD, has plummeted by a striking 83.77%. This drop translates from 11.65 trillion SHIB tokens to just 1.89 trillion SHIB tokens. In monetary terms, this decline is even more pronounced, with a decrease of 85.2% from $321.63 million to $47.69 million. The price of Shiba Inu itself fell by 2.4% during this period.
The number of large transactions has also seen a dramatic decrease, falling from 584 to just 99 over the two-day period.
Large transactions are typically indicative of the actions of whales and institutional players in the market. The decline in these transactions suggests a notable reduction in the activity of these major players within the Shiba Inu ecosystem.
Shiba Inu (SHIB) price outlook
Obviously, whale activity with SHIB has decreased, which is seen as negative, but its causes may not be so. It is known that big players tend to gain positions during periods of calm in the market and on price charts.
Over the last month and a half, SHIB's price has shown significantly decreased volatility, trading mostly sideways. Despite this, the price of Shiba Inu has been registering higher and higher lows, demonstrating an uptrend. This can be seen as a positive sign.
In this context, it could be considered that the whales have finished accumulating SHIB, and some big movement is on the horizon for the token. Whether this movement will be upward or downward remains to be seen.#ETHETFsApproved #StartInvestingInCrypto #shiba
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