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Top Altcoins Shine: Solana, XRP, and Cardano Lead August Gains Amid ETF Speculation
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Bitcoin Soars Past $111,000 Amid Institutional Frenzy and Regulatory Tailwinds August 28, 2025 – Bitcoin (BTC) has reclaimed the $111,000 level, trading at $111,109.65 as of 09:45 AM CEST, reflecting a 1.5% daily gain and a staggering 179,692,156% increase since its $0.06 low in 2010, per CoinDesk data. The surge follows a brief dip from its August 13 peak of $124,457.12, driven by robust institutional demand and a favorable regulatory shift in the U.S. The passage of the GENIUS Act, establishing a framework for stablecoins and crypto activities, has bolstered confidence, as has President Trump’s push for a “Strategic Bitcoin Reserve.” Bitcoin’s market dominance hovers at 58%, with the total crypto market cap nearing $4 trillion. Institutional adoption is a key driver, with spot Bitcoin ETFs managing over $166 billion across 44 products. Companies like MicroStrategy, holding vast BTC reserves, amplify the scarcity narrative post the 2024 halving, which cut block rewards to 3.125 BTC. Technicals support the bullish case: the 50-day moving average provides support below the current price, and the 200-day SMA trends upward. Changelly predicts BTC could hit $115,106 by August 29, with long-term forecasts from Michael Saylor and Cathie Wood targeting $150,000–$170,000 by year-end and $1 million by 2030, citing global adoption and finite supply (21 million coins). However, risks loom—geopolitical tensions, including the Israel-Iran conflict, and a potential drop below $112,000 could test supports at $108,000–$105,000. Investors are advised to diversify amid Bitcoin’s “digital gold” narrative.
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#MEME $BNB British 🤓
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What do you guys think about $BNB ? SELL, HOLD or BUY?
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