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CHIPS is a L1 blockchain for the iGaming industry. Their flagship app @blockasinogg is a hybrid crypto exchange and casino that shares revenue with its holders.
Crypto Market Update: Altcoins Surge as Bitcoin Stalls
• The cryptocurrency market cap surged past $3.2 trillion, with a $120 billion increase driven largely by altcoins like Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE).
• While Bitcoin (BTC) saw inflows of $117 million into ETFs, its price stalled below $103,000, indicating a shift in investor focus towards altcoins.
• ETH experienced a 6% daily and 25.6% weekly gain, fueled by increased DeFi activity and inflows into Lido Staked Ether (STETH).
• SOL and DOGE also saw significant double-digit weekly gains, with SOL's activity boosted by memecoins and DOGE driven by renewed speculative interest.
• Institutional investors are also rotating funds from BTC to altcoins, suggesting a short-term preference for higher growth potential assets despite continued corporate bullishness on Bitcoin.
The liquidity heat map indicates a substantial amount of liquidity concentrated in the 94-95k range for BTC; therefore, a return to that level is possible. #BTCBackto100K