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Karleen Batala GJYm
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#ILOVE$TRUMP$TRUMP — SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!” The post instantly sent the coin’s value surging from $10.93 to a high of $12.24. But just as quickly, the excitement faded. Within hours, the price dipped back to $11.85, continuing its downward trend from its January peak of $73.4.
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#ILOVE$TRUMP$TRUMP — SO COOL!!! The Greatest of them all!!!!!!!!!!!!!!!!” The post instantly sent the coin’s value surging from $10.93 to a high of $12.24. But just as quickly, the excitement faded. Within hours, the price dipped back to $11.85, continuing its downward trend from its January peak of $73.4.
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$USDC Staunch competition for growth exists between Circle, which has $40 billion worth of USDC in circulation, and its bigger rival Tether, whose USDT stablecoin has a market capitalization of about $140 billion. Circle has typically cast itself as the more regulated stablecoin, so the high-profile tie-up suggests Binance is charting a path that complies with global regulation. Binance settled U.S. allegations last year
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#StablecoinSurge Yet, despite the rush to launch their own coins, banks and fintech companies still face an uphill battle. The dominance of Tether (USDT) and Circle (USDC) is hard to crack, and the sheer volume of transactions they handle makes newcomers look like minnows in a vast ocean. Even PayPal’s PYUSD, backed by a massive payments ecosystem, is barely making a dent compared to Tether’s $131 billion monthly transaction volume.
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$BNB Bitcoin BTC $84,426 has risen back above the 200-day simple moving average ($83,754), indicating that the bulls are attempting a comeback. The failure of the bears to capitalize on the drop below the 200-day SMA shows that selling dries up at lower levels. However, Bitcoin may not be out of the woods yet. Crypto analyst Matthew Hyland said in a video posted to X that Bitcoin needs a weekly close above $89,000 to confirm a bottom. A move above $89,000 could liquidate roughly $1.60 billion in short positions, according to CoinGlass data. If that does not happen, Hyland warns that Bitcoin will fall into the $74,000 to $69,000 range.
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