JUST IN: Tom Lee says Bitcoin adoption could rise 200x if | Yousuf khan2310 on Binance Square

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JUST IN: Tom Lee says Bitcoin adoption could rise 200x if global retirement savers allocate even modestly.
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Breaking news: White House advisor Hassett says the Federal Reserve should begin carefully lowering interest rates. BTC reacts as the market takes in the update. $BTC $BNB $XRP

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Luna Classic jumped roughly 20% on Friday, marking its fourth straight day of gains and adding momentum ahead of creator Do Kwon’s upcoming court hearing. The recent burn of around 959 million tokens in December has helped support the price by tightening supply, though some analysts warn the move could be misleading with major legal events approaching. Sentiment around LUNC has been rising as the community continues burning tokens and as attention shifts to Do Kwon’s sentencing on December 11. He previously admitted to commodities fraud, securities fraud, and two counts of wire fraud. Reports suggest U.S. prosecutors won’t push for more than a 12-year sentence, while authorities in South Korea are seeking a much harsher 40-year term. The sudden increase in buying interest right before the hearing has raised concerns that some traders could be caught off guard if the market reacts negatively once the verdict is announced. Data from Luncmetrics shows 959 million tokens burned so far in December, with more than 182 million burned on Friday alone. Technically, LUNC is forming a strong bullish candle on the daily chart, reflecting the 20% jump. However, it’s now pressing against a key resistance zone near $0.00003914. If it breaks through, the price could aim for $0.00005107 and attempt to reclaim the $0.00005000 level. Momentum indicators are showing growing buying pressure. The RSI is sitting near 66, suggesting buyers are in control but also warning that the asset may approach overbought conditions soon. The MACD continues to rise above its signal line, backed by expanding green histogram bars, which points to strengthening bullish momentum. On the downside, if LUNC slips under the center pivot at $0.00003241, it could revisit the December 1 low at $0.00002485. #LUNC #CPIWatch $LUNC

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💥BREAKING: RIPPLE COMPLETES A $1B GTREASURY DEAL TO BOOST CORPORATE ADOPTION AND ON-CHAIN LIQUIDITY.

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