Upcoming Elections and Stimulus Packages: A Positive Outlook for Crypto, Says Raoul Pal

Elections and Stimulus Former Goldman Sachs executive Raoul Pal believes that the upcoming elections and stimulus packages in the US and around the world will have a positive impact on the crypto industry. Pal explained that politicians tend to distribute stimulus packages during elections, leading to higher inflation and increased prices for digital assets. China,…

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Altcoins May Face a Correction Despite Recent Market Rally

A leading crypto analytics firm, Santiment, is cautioning that the digital asset markets may soon experience a corrective move. Altcoin Interest Spikes Santiment observed a surge in interest in altcoins on social media platforms during the recent market rally. Mentions of “alt,” “altcoins,” and “altcoin” spiked towards the end of last week, indicating growing excitement…

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Shiba Inu’s Price Surge: What’s Next?

Shiba Inu Breaks Out of Downtrend Shiba Inu (SHIB), the popular meme token, recently broke out of a downtrend that had lasted since December 2023. This breakout suggests a potential for significant gains in the coming months. Historical Data and Past Performance Analyzing SHIB’s price movement in 2023 reveals a pattern of downtrends followed by…

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MicroStrategy’s Bitcoin Holdings: A Massive Unrealized Profit

MicroStrategy, a business intelligence company, has recently increased its Bitcoin holdings, resulting in a significant unrealized profit. The company’s bet on Bitcoin has paid off, with its unrealized profit now exceeding $3 billion. Recent Bitcoin Price Surge Drives Massive Unrealized Profit MicroStrategy, founded by Bitcoin advocate Michael Saylor, now holds over $9 billion worth of…

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Florida Holds $2.7 Billion in Unclaimed Assets

Florida is holding a staggering $2.7 billion in unclaimed assets on behalf of its residents. The state defines “unclaimed property” as a financial asset that is unknown or lost, or has been left inactive, unclaimed, or abandoned by its owner. The most common types of unclaimed property are dormant bank accounts, unclaimed insurance proceeds, stocks,…

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Ethereum and Bitcoin Exit Centralized Exchanges

Large Ethereum Outflows Ethereum (ETH) experienced a significant outflow from centralized exchanges this week, potentially easing selling pressure on the market. IntoTheBlock, a crypto analytics firm, reported that Ethereum’s netflows, which measure the movement of ETH in and out of exchanges, showed a net outflow of over $1 billion. Lucas Outumuro, IntoTheBlock’s head of research,…

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