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Crypto Web3 Today
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Bullish
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TOTAL 3 is bullish as well, ready to climb higher after some correction.
We hope that cryptocurrencies will soar high in the coming days.
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$TAO
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Following Metaplanet, a UK-Based Web Design Company Announced It Also Acquired Bitcoin! The Smarter Web Company, a UK-based web design and Bitcoin treasure company, continues to grow its Bitcoin investments. The Smarter Web Company, a UK-based web design and Bitcoin treasure company, continues to grow its Bitcoin investments. The company announced that it has purchased an additional 295 $BTC , paying £26.3 million (about $35.2 million) for them. The purchases were made at an average price of £89,000 ($119,412) per Bitcoin. The purchase follows the company's £7.6 million share offering on Monday. SWC's total Bitcoin investment, which has already reached 2,395 $BTC , has reached £197.3 million ($264.8 million). The company remains the UK's largest publicly traded institutional Bitcoin holder and ranks in the top 25 globally, according to Bitcoin Treasuries data. With Bitcoin currently at $118,917, SWC's assets are valued at approximately $284.8 million, meaning the company is currently making a profit of approximately $20 million on paper. Having purchased more than 1,500 BTC in the last month, SWC quickly rose from 36th place to 23rd in the global rankings. CEO Andrew Webley stated that they aim to enter the top 20 in the coming weeks. SWC, which has been accepting Bitcoin payments since 2023, adopted a Bitcoin treasury policy in April. The company believes this strategy will increase shareholder value in the long term.
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What Should We Expect Next for Bitcoin? Will There Be Another Sharp Drop? What Levels Could Be Seen? CryptoQuant Analyst Answers! The analyst said that the probability of a sharp pullback in Bitcoin is low. Leading cryptocurrency Bitcoin ($BTC ) has been consolidating within a certain range since its ATH exceeding $123,000 on July 14. However, while $BTC returned to the $122,000 level yesterday with an attack, the analyst said that the upward trend in Bitcoin continues and the probability of a sharp pullback is low. Accordingly, CryptoQuant analyst Axel Adler shared his expectations after Bitcoin briefly surpassed $122,000. Noting that BTC is near all-time highs, the analyst said that investors are unlikely to sell. The CryptoQuant analyst said that even though Bitcoin is trading close to its previous ATH, its real profit-to-loss ratio is hovering around an average level, so a sharp reversal is unlikely. Based on this indicator, the analyst noted that the probability of a sharp pullback in Bitcoin is currently much lower compared to previous overheated cycles. In another post, the analyst stated that there are many bears who have started short selling Bitcoin. In another post, the analyst stated that there are many bears who have started short selling Bitcoin. Stating that this situation can be seen in the daily candles at the ATH level, the analyst added that BTC could experience another correction towards the 112-110 thousand levels. $BTC
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SEC Chairman Atkins says the closing of the SEC case against Ripple creates an opportunity to “shift the effort from the courtroom to the policy table,” and build a clear regulatory framework that fosters innovation and protects investors. $XRP #SEC
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The $TOTAL Crypto Market Cap is back in price discovery and hitting new all time highs. This is while $BTC isn't quite at that level yet, thanks to the recent surge in $ETH and other alts. Overall price action has been clean. Good retests of horizontal levels which are being respected well. $BNB
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$BTC Retesting the trend line it broke out of before. The 4H 200MA/EMA are coming in right below. But keep in mind that we do still have the CME gap which sits at around $117K. This would have some decent confluence with the 4H 200MA (Purple) and a wick into that region would make me look more closely for fresh longs on strong alts. For now just chilling as the market is pretty choppy. Only $ETH really holding up well the past 1-2 days. $BTC
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