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🚀🎉 Bitcoin enthusiasts, get ready for some exciting news! BTC has experienced an impressive price surge over the weekend, tapping a new 19-month peak and liquidating millions of dollars, mostly for short positions. On Friday evening, BTC soared to a multi-month peak at $39,000, the first time in over a year and a half! 📈 Although the asset failed to continue its momentum and retraced by several hundred dollars, there was a feeling among the community that another leg up was in the making. And guess what? It happened on Saturday evening when bitcoin soared by over a grand in minutes, coming just inches away from tapping $40,000 for the first time since May 2022! 🤩 However, BTC has been unable to breach that level and has dumped by around $700. Several altcoins also surged but have retraced just like BTC. Nevertheless, Chainlink is still over 7% up on the day and trades above $16, with other impressive gainers including RUNE (11%) and NEAR (6%). Ethereum (ETH) has added 3% of value and has jumped well above $2,100. 💪 This enhanced volatility has harmed over-leveraged traders, with the total number of liquidations soaring to more than $100 million on a daily scale. The majority of wrecked traders had shorted the market, with the single largest liquidated order worth $2 million on OKX. Keep an eye on the market, folks! 📊👀

🚀🎉 Bitcoin enthusiasts, get ready for some exciting news! BTC has experienced an impressive price surge over the weekend, tapping a new 19-month peak and liquidating millions of dollars, mostly for short positions. On Friday evening, BTC soared to a multi-month peak at $39,000, the first time in over a year and a half! 📈

Although the asset failed to continue its momentum and retraced by several hundred dollars, there was a feeling among the community that another leg up was in the making. And guess what? It happened on Saturday evening when bitcoin soared by over a grand in minutes, coming just inches away from tapping $40,000 for the first time since May 2022! 🤩

However, BTC has been unable to breach that level and has dumped by around $700. Several altcoins also surged but have retraced just like BTC. Nevertheless, Chainlink is still over 7% up on the day and trades above $16, with other impressive gainers including RUNE (11%) and NEAR (6%). Ethereum (ETH) has added 3% of value and has jumped well above $2,100. 💪

This enhanced volatility has harmed over-leveraged traders, with the total number of liquidations soaring to more than $100 million on a daily scale. The majority of wrecked traders had shorted the market, with the single largest liquidated order worth $2 million on OKX. Keep an eye on the market, folks! 📊👀

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🎢 Buckle up, BTC enthusiasts! Bitcoin's wild ride continues! After a calm period above $70,000, BTC took a nosedive to around $61,000 on Saturday - a multi-week low! 😱 The culprit? Rising tensions between Iran and Israel. The altcoins didn't fare well either, with numerous double-digit price declines. 💔 Just 48 hours ago, BTC was challenging $71,000. But the mood quickly soured after US central bank officials announced no plans to lower interest rates. In a flash, BTC dropped by five to six grand to $65,000. 😲 Saturday morning brought some relief as BTC recovered to just over $67,000. But geopolitical tensions sent it plunging again, bottoming out at just over $61,000. Over $700 million in liquidations followed. 😰 But don't lose heart! BTC has bounced back nicely and is currently sitting above $64,000. However, risks remain as it's the only market open for trading today. 📈 BTC's market cap has shrunk by about $130 billion since Friday, down to $1.270 trillion. But it's not all bad news - BTC's dominance over the alts has soared by approximately 2% within the same timeframe. 🚀 As for the altcoins, they've been hit hard. SOL, XRP, DOGE, TON, ADA, AVAX, SHIB, DOT, and ETH are still deep in the red. The total crypto market cap dropped from nearly $2.8 trillion on Friday morning to about $2.330 trillion yesterday evening. It's recovered around $100 billion since then, but it's still 5% down on the day. 😔 Stay tuned, folks! The crypto rollercoaster ride is far from over! 🎢🚀
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🚀🎉 Big news for the crypto world! EigenLayer, a platform that allows users to stake the same ETH on both Ethereum and other protocols, has announced the launch of its first Available Validator Service, EigenDA, on the Ethereum mainnet. 🎉🚀 In just a few weeks, over 4.1 million ETH have been restaked on EigenLayer, with 70% of all new Ethereum validators choosing to restake to the platform. Now, restakers can delegate their entire stake to an operator who's opted in to run services like EigenDA. 🚀👏 EigenLayer is all about leveraging Ethereum’s validators and staked tokens to benefit smaller and newer blockchains. But it's not all smooth sailing - they face a tricky balance between neutrality (allowing free market behavior) and decentralization (preventing dominance by a single staking provider). 🤔💡 EigenDA is aiming high, promising hyper scalability, cost flexibility, and easy integration for rollups. It's positioning itself as the ultimate solution for data availability on Ethereum. 🎯💪 The value locked in EigenLayer is currently a whopping $13.3 billion, a staggering increase of 1,100% since the start of this year! 🤑📈 Meanwhile, Ethereum's staking ecosystem is thriving, with around 27% of the total circulating supply currently staked. That's 32.2 million ETH, worth around $112 billion! Ethereum also boasts over a million validators, making it one of the most secure blockchains out there. 🛡️💰 Stay tuned for more exciting updates from the crypto world! 🌐🚀
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🎉Hey there, BTC enthusiasts!🎉 Did you know that governments around the world have been seizing cryptocurrencies over the past decade? 🌍 The United States government is leading the pack with crypto holdings of a whopping $15.27 billion! 💰 This includes 212.847k BTC and 45.654k ETH. 🚀 Remember Silk Road? That notorious online black market that dealt in all things illegal using Bitcoin? Well, the US government seized approximately 144,336 BTC from it in 2013. 🕵️‍♂️ Another darknet marketplace, AlphaBay, was targeted in 2017, with the government seizing Bitcoin, Ethereum, and Monero, among other tokens. Fast forward to 2020, the US Department of Justice seized around $3.6 million worth of Bitcoin in an investigation involving the cryptocurrency exchange Bitfinex and its affiliated stablecoin issuer, Tether. 🚔 But the US isn't the only one with a crypto stash. The British government holds 61.245k BTC, valued at around $4.34 billion, while the German government has 49.859k BTC, worth approximately $3.53 billion. 🇬🇧🇩🇪 And let's not forget El Salvador, the first country to adopt Bitcoin as legal tender. It holds 5.718k BTC, valued at approximately $405 million, largely due to proactive purchases. 🇸🇻 Most of these crypto assets are seized during criminal investigations involving illicit activities like money laundering, drug trafficking, and cybercrime. Governments also seize cryptocurrencies from individuals or businesses suspected of tax evasion. 🚨 So, while the world of cryptocurrencies is exciting and full of potential, remember to stay on the right side of the law! 😉👍
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