Removing bubble regions (half of the data points remain) — and here's what the core of the Bitcoin Power Law looks like on a logarithmic graph on both axes (log-log plot). Quantile regression is limited to the core; ordinary least squares regression is also shown. Indeed, it's heading towards a million.$BTC
The Pudgu Penguins NFT project has begun collaborating with the airline Lufthansa
The Pudgu Penguins (PENGU) team announced a partnership with the airline Lufthansa and its Miles & More program, the largest frequent flyer program in Europe. Thanks to this collaboration, users can earn airline miles for purchases in the Pudgu Shop using PENGU or fiat currency. The bonuses received can be used for flight payments, travel, and other rewards. According to the NFT project team, to start earning, users need to register an account on the Miles & More website, create an account in the Pudgu Penguins store, and link both accounts using a special pop-up window in the Pudgu store. After linking, each transaction in the store adds to the miles balance. This news did not affect the PENGU rate, as the token continued to fall along with the rest of the cryptocurrency market. Over the past 24 hours, the meme coin has decreased by 12.88% to $0.009477.
🔸Against the backdrop of the escalation of the conflict between Israel and Iran, the stocks of American defense and oil companies have noticeably increased. Investors are reacting to potential risks for oil supplies and heightened demand for military products.#IsraelIranConflict
After Musk's crossover with Trump, the forecasting markets were flooded with bets
As if there was a crossover between Elon Musk and Donald Trump, the markets reacted, and social networks were flooded with discussions of the so-called "Big Beautiful Bill." The confrontation between the sitting President of the USA and the richest person in the world also revived market forecasts. One bet of $134,277 with a 30% probability was made on the fact that both known individuals will bury the war axe by July. If we delve into details that are not trivial for forecasting the outcome of events, Elon Musk called the bill "a repugnant monstrosity." In his opinion, it will increase the federal deficit and national debt, which, obviously, will nullify his achievements at the Department of D.O.G.E. For reasons that no one can explain, because of this, Bitcoin (BTC) briefly fell to the level of $100,000, and by June 8 had bounced back to the zone of $106,000.
🔸The CryptoQuant analyst believes that now is not the time to lose hope: if cyclical patterns repeat, a decline in Bitcoin's dominance could trigger a sharp rise in altcoins in the final stage.#CryptoAdoption #MarketRebound #SaylorBTCPurchase
Zcash showed significant growth due to demand for confidential coins
The anonymous cryptocurrency Zcash (ZEC) showed a significant increase, resulting from renewed demand for coins oriented towards confidentiality. At the moment, ZEC is trading at $51.67, having risen approximately 10% over the past 24 hours. Over the last month, the price of Zcash has increased by more than 40%, raising its market capitalization to $860 million.
This bull market will surpass all previous ones. Institutions, countries, and billionaires have quietly been buying bitcoins for months, depleting exchange supplies. Small investors don't even think about BTC. When they are gripped by FOMO, they will realize - the supply has run out.#CryptoAdoption #TradingTypes101 #TrumpMediaBitcoinTreasury #TrumpTariffs