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🚨🚨🚨$BTC 🚨🚨🚨 As of April 29, 2025, Bitcoin (BTC) is trading around $94,982, reflecting a slight dip of approximately 0.5% from the previous day. The price has fluctuated between an intraday low of $93,580 and a high of $95,451 .   Analysts remain optimistic about Bitcoin’s trajectory. Geoff Kendrick of Standard Chartered anticipates BTC reaching $120,000 in Q2 2025, citing factors like economic uncertainties and increased institutional interest . Similarly, CoinCodex projects a potential rise to $112,319 by late May, based on current technical indicators .   The recent price movements are influenced by macroeconomic factors, including a weakening U.S. dollar and growing institutional adoption. As the market evolves, investors are closely monitoring these developments for potential opportunities.
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🚨Abu Dhabi steps in the crypto game.🚨 #AbuDhabiStablecoin Abu Dhabi is advancing its role in digital finance with the introduction of AE Coin, a stablecoin pegged to the UAE dirham. Approved by the UAE Central Bank, AE Coin aims to enhance the nation’s position as a crypto hub, reflecting its commitment to integrating blockchain technology into the financial sector. In a related development, Tether announced plans to launch a dirham-pegged stablecoin, backed by UAE reserves, in partnership with Phoenix Group and Green Acorn Investment. This initiative underscores the growing demand for Gulf currencies in global trade and offers an alternative to dollar-based stablecoins. These efforts align with the UAE’s broader strategy to foster innovation and diversify its economy through digital assets.
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