Here's a 2-minute breakdown of everything important that happened in crypto today.
Ethereum’s “I told you so” moment…
Remember about 3 weeks ago when BTC maxis was writing the obituary for ETH?
The same holders who were shouting “dump your ETH for BTC” are very interested in Ethereum price trends.
While Bitcoin has been ping-ponging between $98,000 and $103,900 (resistance is real), Ethereum has been quietly proving its critics wrong.
Granted, ETH is still about $900 short of its all-time high, but at $3,900 no one will be complaining anymore. Well, except maybe for the people who panic sold three weeks ago.
It's like the saying goes in the crypto industry – the market loves to prove the loudest voices wrong.
So what's going on? Let's understand everything! Here's a summary of the main headlines from the past 24 hours:
Long-term Bitcoin holders can enjoy a 4x profit if BTC reaches $104,000. But with such huge gains, will there be a wave of profit-taking that could disrupt the market? 🤔ARK Invest bet on $124,000 in Bitcoin by year-end, US strategic reserves Indicates the possibility of employment. But is this just a wild prediction, or do they know something we don't? 🎯DOGE soars to $0.46 and leads the pack while Bitcoin takes a breather. Is this just a cow trap? 🚀 Mountain Gox moved $2.8 billion worth of Bitcoin, but the market barely blinked. Are we finally immune to Mt.Gox FUD or is it the calm before the storm? 💭While other meme coins crash and burn, GIGA token rises 36%. Is this the end of the season for meme coins, or will we just see a rotation towards “quality” memes? 📈
Let's dive in!
Bitcoin added a new chapter to its wild journey, reaching $104,000, much to the satisfaction of early investors.
People who have held on to Bitcoin for a long time are now earning four times their initial investment.
That's what CryptoQuant's data shows through its long-term holder expense return. This is a fancy way of saying “how much profit long-term investors make when they sell.”
So, are whales converting their holdings into cash? Please read the full text!
Bitcoin recently crossed $100,000 (before falling below 99,000), marking a historic moment with a market cap of $2 trillion. But what has everyone's attention is not just where Bitcoin is, but where Bitcoin is heading.
ARK Invest, known for its deep dive into Bitcoin analysis, sees a minimum target of $124,000 by the end of the year. Their calculations are about more than just numbers: they're looking at something bigger: Bitcoin's potential to become part of America's strategic reserves.
Other celebrities are also joining in with wild predictions. Please read the full text!
Dogecoin soared 9% to $0.46, becoming the top performer among major cryptocurrencies as Bitcoin surpassed the $100,000 milestone.
Dogecoin has gained attention by outperforming the recent moves of Bitcoin and Ethereum.
The broader cryptocurrency market is showing serious strength, reaching a total value of $3.8 trillion. Bitcoin still leads the pack with 56% market power, but something interesting is happening in the meme coin space.
what happened? Please read the full text!
Mt.Gox just moved 27,871 Bitcoins worth $2.8 billion to an unknown address.
This isn't their first big move. Just last month, they transferred 32,371 BTC worth $2.2 billion. These transfers are part of a plan to finally pay back users who lost Bitcoin in the infamous 2014 hack.
Normally, when Mt. Gox moves this much Bitcoin, the market gets nervous. But something different happened this time – Bitcoin barely flinched. Presto Labs' Min Jung noted that the market has remained surprisingly calm, suggesting that cryptocurrencies may be experiencing a bit of growth.
But why did they move so much money? Is a massive dump arriving? Read the full story!
Many meme coins are enjoying the rise of BTC. For example, Gigachad (GIGA) rose 36% to $0.06555, but there is already debate over whether it can sustain above $0.050 and analysts are divided on what will happen next. I am.
On the contrary, some tokens are having a very tough week. Moo Deng fell by 19.5% and Fartcoin took an even bigger hit, dropping by 26.5%. The carnage didn't stop there, Fwog and Non-Playable Coin were also hit hard.
But what about other top meme coins? Please read the full text!
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