Bitcoin Poised for Six-Figure Price if Resistance Broken

Bullish Outlook A prominent crypto strategist predicts Bitcoin (BTC) could soar to $100,000 if it can reclaim a key resistance level. DonAlt, a pseudonymous analyst, believes that a close above $63,861 would invalidate the recent sell-off. He predicts a subsequent rally that could surpass Bitcoin’s previous all-time high and push it towards $80,000, $90,000, and…

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Bitcoin Plunges: 5 Key Reasons

Mt. Gox’s Bitcoin Repayments Mt. Gox, a bankrupt crypto exchange, is distributing 142,000 BTC to its creditors. This has raised concerns as creditors may sell their BTC, potentially flooding the market and driving down prices. German Government’s Bitcoin Sales The German government has started selling its Bitcoin holdings. This move has made investors nervous as…

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Layer 1 Network Rankings: Surprising Winners

Jamie Coutts, a crypto expert, recently ranked layer 1 networks based on their growth. Here are the surprising results: Top Performers Sui: 3503% increase in Daily Active Users (DAUs) Mantle Network: 518% increase in DAUs Other Top Networks Celo: 414% growth Arbitrum: 157% growth Blast: 107% growth The Open Network (TON): 97% growth Base: 78.6%…

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Mt. Gox Repayments to Creditors Start

Bitcoin and Bitcoin Cash Repayments Mt. Gox, the defunct crypto exchange, has finally started repaying its creditors in Bitcoin (BTC) and Bitcoin Cash (BCH). This comes almost a decade after the platform collapsed and went bankrupt. Repayment Process The repayment process involves designated exchanges like Bitbank, Kraken, and Bitstamp. These exchanges will make the funds…

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Russia Explores Stablecoins for International Payments

Stablecoins: A New Frontier Russia is exploring the use of stablecoins for international payments to bypass sanctions and economic difficulties. Stablecoins are cryptocurrencies pegged to the value of assets like fiat currencies or gold, offering a combination of digital asset efficiency and financial stability. Russia’s Move to Stablecoins The Russian government sees stablecoins as a…

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Friend.tech Backtracks on Blockchain Migration

Decision Reversal Friend.tech, a social media platform built on crypto, has reversed its decision to leave the Coinbase-backed Base blockchain. Community Feedback The decision change follows feedback from the Friend.tech community, which expressed a desire for the platform to remain on Base. The company agreed, stating that the platform was always intended to be community-driven….

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