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๐ŸŽ‰๐ŸŽ‰ Bitcoin (BTC) fans, buckle up! After a wild ride to $72,000, BTC has taken a breather, currently chilling below $70,000. ๐Ÿ“‰๐Ÿ˜ฑ Over the weekend, BTC was playing it cool, hanging around $67,000. But come Monday, things got spicy! ๐ŸŒถ๏ธ Word on the street was that the US Securities and Exchange Commission (SEC) might give a thumbs up to a spot Ethereum ETF this week. BTC was all ears and zoomed past $70,000, hitting a 6-week high of almost $72,000. ๐Ÿš€๐ŸŒ• But the bears weren't having it. They put their foot down, stopping BTC from beating its March 2024 high of $73,750. Instead, BTC has been slowly slipping, dropping to $70,000 yesterday and below that today. ๐Ÿป๐Ÿ’” Right now, BTC is about $500 shy of the big $70K, with a market cap of $1.370 trillion. Its dominance over other cryptos has slipped a bit, now at 50.3% on CG. ๐Ÿ“Š๐Ÿ” Meanwhile, Ethereum (ETH) is holding strong above $3,800, thanks to the positive buzz about the possible SEC decision. Other big players like TON and NEAR are also in the green, while SOL, BNB, ADA, DOGE, AVAX, XRP, and SHIB are seeing red. ๐Ÿšฆ๐Ÿ“ˆ And let's not forget PEPE, who's been breaking records left and right! The total crypto market cap is holding steady at just under $2.730 trillion. ๐Ÿ’ฐ๐Ÿ’น So, BTC enthusiasts, keep your eyes peeled for more exciting movements! ๐ŸŽข๐Ÿ‘€

๐ŸŽ‰๐ŸŽ‰ Bitcoin (BTC) fans, buckle up! After a wild ride to $72,000, BTC has taken a breather, currently chilling below $70,000. ๐Ÿ“‰๐Ÿ˜ฑ

Over the weekend, BTC was playing it cool, hanging around $67,000. But come Monday, things got spicy! ๐ŸŒถ๏ธ Word on the street was that the US Securities and Exchange Commission (SEC) might give a thumbs up to a spot Ethereum ETF this week. BTC was all ears and zoomed past $70,000, hitting a 6-week high of almost $72,000. ๐Ÿš€๐ŸŒ•

But the bears weren't having it. They put their foot down, stopping BTC from beating its March 2024 high of $73,750. Instead, BTC has been slowly slipping, dropping to $70,000 yesterday and below that today. ๐Ÿป๐Ÿ’”

Right now, BTC is about $500 shy of the big $70K, with a market cap of $1.370 trillion. Its dominance over other cryptos has slipped a bit, now at 50.3% on CG. ๐Ÿ“Š๐Ÿ”

Meanwhile, Ethereum (ETH) is holding strong above $3,800, thanks to the positive buzz about the possible SEC decision. Other big players like TON and NEAR are also in the green, while SOL, BNB, ADA, DOGE, AVAX, XRP, and SHIB are seeing red. ๐Ÿšฆ๐Ÿ“ˆ

And let's not forget PEPE, who's been breaking records left and right! The total crypto market cap is holding steady at just under $2.730 trillion. ๐Ÿ’ฐ๐Ÿ’น

So, BTC enthusiasts, keep your eyes peeled for more exciting movements! ๐ŸŽข๐Ÿ‘€

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๐Ÿš€Buckle up, BTC enthusiasts! TRM Labs, a blockchain intelligence firm, has reported a whopping increase in cryptocurrency deposits to Chinese drug precursor manufacturers. In the first four months of 2024, crypto deposits more than doubled compared to the same period in 2023! ๐Ÿ’ฐ In 2023, these Chinese networks received over $26 million in cryptocurrency, with a staggering 97% of the 120 manufacturers studied offering payment options in digital currencies. The overall amount of cryptocurrency deposited into wallets linked to these manufacturers skyrocketed by more than 600% from 2022 to 2023. ๐Ÿ“ˆ And guess what? Bitcoin is the star of the show! ๐ŸŒŸ It remains the dominant cryptocurrency used for these transactions, accounting for approximately 60% of the total payment volume. TRON blockchain followed with about 30% of transactions, while Ethereum was used for roughly 6%. ๐ŸŽ–๏ธ Interestingly, 11 manufacturers were responsible for over 70% of all crypto-denominated sales of drug precursors. These manufacturers receive funds from unhosted wallets, cryptocurrency exchanges, and payment services, with their wallets most commonly hosted at exchanges. ๐Ÿ’ผ Despite the crypto preference, Chinese manufacturers also accept fiat currencies through platforms like PayPal, MoneyGram, Western Union, and traditional bank transfers. ๐Ÿฆ The report also revealed that these manufacturers mainly target countries including Canada, the Netherlands, Australia, Germany, and the United States. Advertisements have also been directed towards Russia and neighboring countries, particularly for mephedrone precursors. ๐ŸŒ In a related note, a U.S. congressional committee recently reported that the root cause of the U.S. fentanyl crisis lies in China, which manufactures over 97% of the precursors used in the global illicit fentanyl trade. ๐Ÿšจ So, while the world grapples with the implications of this, one thing's for sure - Bitcoin's popularity is soaring, and it's not slowing down anytime soon! ๐Ÿš€
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