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Crypto Web3 Today
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Haussier
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🪙 Major Wall Street firms, such as JPMorgan, Citigroup, and Bank of America, are taking their first steps in developing stablecoins. These institutions are investing in the future of digital currencies to enhance their financial strategies. 💼
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Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé.
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Digital asset funds saw outflows of $1.43 billion last week, the largest since March. $NAORIS $DOGE $GHST
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Past month's altcoin returns show you exactly what has been going on all cycle. A select few is up 20-30% and has been strong. Then we have the majority of coins either flat or down 10-30% while we had $ETH make a solid move during this time. This shows you how coin selection is very key. Even during the risk on moves, there's often a lot of coins that refuse to move and will just cause underperformance. Meanwhile, the hot and trending coins will just keep outperforming. $ETH
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Senior US officials own millions in cryptocurrencies, including five major currencies! Reports reveal that 19 officials own up to $2.35 million in $BTC, $ETH, $XRP , $SOL , and $ADA ... These are the exact currencies Trump intends to place in the national reserve! #FedDovishNow
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$ETH & $BTC Important area's. Different timeframes but same setup. Broke down during this weekend/monday flush, now attempting to get back into their respective ranges. If they do, that's a good setup for further relief. But key area's here on both. #BTCTOETH #BTCWhalesMoveToETH
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The Reason for the Crypto Market's Decline Revealed! Five-Year-Old Active Bitcoin $BTC Whales Sell Largely! This whale, which has been inactive for five years, turned to aggressively purchasing Ethereum ($ETH ) with the funds obtained from the sale. Cryptocurrency markets plummeted late Sunday night after a long-dormant Bitcoin whale launched a massive sell-off. Crypto Markets Crashed: $2.7 Billion Bitcoin Sale Sparks Panic According to Onchain data, the owner of a wallet associated with a large withdrawal from the HTX exchange in 2019 dumped approximately 24,000 BTC, or $2.7 billion worth of Bitcoin, in a matter of days. This whale, inactive for five years, used the proceeds from the sale to aggressively buy Ethereum (ETH). He quickly amassed over 400,000 ETH and used it to open leveraged long positions and stake. However, the selling pressure wasn't solely driven by this whale. The dovish tone of US Federal Reserve (FED) Chairman Jerome Powell's remarks at the Jackson Hole meeting last week initially lifted the markets. Following Powell's remarks, Ethereum surged over 10% and $XRP over 5%. However, investors became increasingly skeptical towards the end of the week about whether a September interest rate cut was a certainty. Analysts say Powell's statements generated short-term enthusiasm but didn't include a clear commitment to cut interest rates. According to CME FedWatch data, the probability of a rate cut is priced at 87%, while on Polymarket, it's priced at 81%. As a result, by Monday morning, the total crypto market capitalization had shed $80 billion, falling below $4 trillion. Furthermore, more than $715 million in leveraged positions were liquidated, further deepening the market's steep decline. #BTCWhalesMoveToETH
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