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Bitcoin ($BTC ): Currently trading around $85,181, with a modest 0.72% daily increase. Price action remains range-bound as traders watch the critical $87K resistance. Ethereum ($ETH ): ETH is holding at $1,595, up 0.41% today. After recent pullbacks, it appears to be stabilizing in the mid-$1,500 range. Market Sentiment: We’re in a phase of “bearish boredom” — low volatility, low hype. But under the surface, whales are quietly accumulating. Notably, Abraxas Capital recently bought over $250M worth of BTC from Binance. Technical Outlook: A breakout above $87K could signal the start of another leg upward for BTC. RSI is hovering around 52, indicating a neutral stance. Macro Factors: Arizona is close to approving a bill to establish a state Bitcoin reserve, which could boost institutional adoption and long-term sentiment.
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📰 DAILY Crypto News 📰 - Elon Musk denies cryptocurrency talks with Donald Trump, sparking market speculation. - Continued flow of investors into Bitcoin ETFs further boosts the price of $BTC and $ETH - The US Senate urges the adoption of the #FIT21 crypto bill, even before the elections. #ETHvsBTC #ETHETFsApproved #BTC #Megadrop
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