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- Bitcoin Nears Supply Shock, Altcoins May Have Bottomed, TRUMP Token Crashes 80%
Bitcoin Nears Supply Shock, Altcoins May Have Bottomed, TRUMP Token Crashes 80%
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Bitcoin Nears Supply Shock as Exchange Reserves Hit Three-Year Low
Bitcoin exchange reserves have dropped to a three-year low of 2.5 million BTC, signaling a potential supply shock as institutional demand, particularly from ETFs, continues to grow. Despite global trade tensions and increased selling pressure, Bitcoin has remained resilient above the $95,000 psychological support level. Analysts suggest this indicates strong institutional interest and seller exhaustion. However, fluctuations in ETF inflows and the risk of a price drop below $95,000 could trigger significant liquidations. Despite short-term volatility concerns, Bitcoin’s long-term price outlook for 2025 remains bullish, with projections reaching $160,000–$180,000.
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Altcoins May Have Bottomed as Investors Shrug Off Fed’s Rate Pause
The altcoin market showed resilience despite Federal Reserve Chair Jerome Powell stating there’s “no need to hurry” on interest rate cuts. Crypto analyst Matthew Hyland noted that even with negative news, altcoins “hardly sold off,” suggesting a potential market bottom. Some experts believe the market had already priced in the Fed’s decision, explaining the lack of a sharp sell-off. While some traders worry that the absence of quantitative easing (QE) could hinder an “altcoin season,” others argue that a stable economy with moderate credit expansion is enough for a risk-on environment. Analysts point to negative funding rates and long-term trendline retracements as signs that the altcoin market may have already bottomed.
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Source: Cointelegraph
TRUMP Token Crashes 80%—Investors Lose $2 Billion
SEC Commissioner Hester Peirce stated that memecoins like TRUMP do not fall under the agency’s jurisdiction, suggesting that their regulation would be up to Congress or other agencies like the CFTC. This comes as TRUMP investors have lost $2 billion, with the token dropping 80% from its peak. Despite these losses, the Trump Organization reportedly earned $100 million in trading fees. Peirce and analysts argue that memecoins are more like collectibles than securities, drawing comparisons to previous crypto trends like ICOs and NFTs. Some believe traditional finance critics dismiss Bitcoin due to the memecoin hype, even though BTC remains fundamentally different.
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