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JP Morgan is exploring the possibility of offering loans backed by Bitcoin and Ethereum holdings as early as next year, marking a significant shift in the bank's digital asset strategy.
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Glassnode Analyst Says "It's Impossible for Bitcoin to Reach These Levels in 2025!" Explains What He Expects for the Price After That! Glassnode analyst says Bitcoin is unlikely to reach $200,000 this year. Following a rally in recent weeks, leading cryptocurrency Bitcoin ($BTC ) broke a new record, surpassing $123,000. Following a subsequent correction, BTC continues to consolidate below $120,000. While Bitcoin's rise is expected to continue, the price is expected to reach 200,000-250,000 dollars by the end of the year. However, the Glassnode analyst said that Bitcoin is unlikely to reach $200,000 this year. Speaking to the YouTube channel Less Noise More Signal, Glassnode chief analyst James Check stated that the buying pressure and trading volume in Bitcoin are insufficient, and that it is unlikely that the price will reach $200,000 in 2025. “Bitcoin is unlikely to reach $200,000 this year. This is because there is not enough buying pressure and trading volume remains low.” The analyst also noted that Bitcoin still has many obstacles to overcome, warning that a major drop could occur if the price rises without proper support. “There are many thresholds ahead of us, such as $130,000 and $140,000. Without strong and stable support, any rapid price increase could result in an equally sharp decline.” The analyst also stated that he will not take long-term leveraged positions until trading volume increases, adding, “I will not take risks until market stability is achieved.” Finally, emphasizing that Bitcoin will eventually surpass $200,000, the analyst said, “I am confident that Bitcoin will definitely surpass $200,000 in the next five years. I am investing most of my assets in Bitcoin.” $BTC #Write2Earn
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SpaceX has transferred $153 million in Bitcoin $BTC after three years of silence, amid rising political tensions and the Pentagon opening defense contracts to new bidders. $BTC #Write2Earn
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#altcoins This Crypto cycle is no different Altcoins market cap has just entered the “up only” phase and is following the same pattern as previous cycles: 1) Pre-halving – First leg up 2) Post-halving – Reaccumulation 3) Up only – Everything goes vertical In the last cycle, the altcoin market cap went up 21x after the post halving. Even if it grows just 1/3 of that, we’re looking at a $6 trillion market cap. $SUI $SOL $XRP #Write2Earn #altcoins
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Last month's altcoin performance was lead by what else than meme coins. These also sold off the most initially so the fact that the bounces are larger makes sense. After that, the DeFi sector has been strong outperforming the rest of the sectors. This is of course thanks to the $ETH outperformance recently. $ETH
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🚀$KAITO Unveils Capital Launchpad: Crowdfunding Gets a Reputation Upgrade. 🧠No more FOMO rush—Capital Launchpad allocates spots based on rep, region, on-chain creds, and long-term alignment. 🌍Projects must reveal key deets (valuation, raise goals, vesting) ahead of two launch phases. 📅KYC kicked off on July 22, powered by Persona for full compliance. 💰Fees? Sent back to the community via gKAITO. 🤝It’s crowdfunding with brains—designed for aligned backers, not just fastest fingers. $KAITO #Write2Earn
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