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Maryama 🎩 🎭
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Gold prices hit a monthly low on Wednesday, while Bitcoin rose. The divergence came as trade tensions between the US and China eased, boosting appetite for riskier assets like Bitcoin and reducing demand for safe-haven assets like gold. The US and China recently announced tariff cuts on each other’s imports. Analysts believe Bitcoin’s “safe-haven” narrative has also been bolstered by concerns about a weakening US dollar. Meanwhile, Bitcoin spot exchange-traded funds (ETFs) have recently seen record inflows and reached new highs.
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Maryama 🎩 🎭 pfp
Maryama 🎩 🎭
@maryama
It would be very gratifying if this happens. 89 $DEGEN
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Maryama 🎩 🎭
@maryama
Join me for the FastJPEG launch — where creators launch coins and build communities.
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Maryama 🎩 🎭
@maryama
The U.S. Bureau of Labor Statistics (BLS) released its Consumer Price Index (CPI) report for April, showing that annual inflation in the country eased to 2.3 percent. This was slightly lower than the previous month and in line with expectations. Following the release of the data, the price of Bitcoin (BTC) did not react much and remained almost unchanged, trading at $103,700 at press time at 17:00 Tehran time. As a key economic indicator, the CPI data influences the Federal Reserve’s decisions on interest rates. Lower inflation could increase the likelihood of the Federal Reserve cutting interest rates, which could potentially be positive for digital assets like Bitcoin. The CME FedWatch tool also shows a high probability of a rate cut at the June Fed meeting.
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American Bitcoin, a Trump family affiliate and majority-owned subsidiary of Hut 8, is set to become a public entity through a merger with Gryphon Digital Mining. The stock-for-stock deal will see American Bitcoin acquire Gryphon’s public listing on the Nasdaq. The company’s shares are expected to trade on Nasdaq under the symbol “ABTC” starting in the third quarter of 2025. Eric Trump, Donald Trump’s son, who helped start the company, will serve as chief strategy officer. The company aims to create a national bitcoin reserve and mine with a low-cost operating model. The move comes amid heightened political discourse around cryptocurrencies in the United States and as bitcoin prices near all-time highs.
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Maryama 🎩 🎭
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Geoffrey Kendrick, head of digital assets at Standard Chartered, has revised down his previous forecast for the price of Bitcoin. He apologized for underestimating Bitcoin’s value, but admitted that his $120,000 target for Q2 may be too low, as the market-leading cryptocurrency’s recent price rally has been more than expected. Kendrick cited strong institutional capital inflows, including $5.3 billion in net inflows into US-based spot Bitcoin exchange-traded funds (ETFs) over the past three weeks, as well as buying by firms such as Strategy and Abu Dhabi’s sovereign wealth fund, as the reason for the revision. He believes the market is now focused on “capital flows” and that the $120,000 target now looks very achievable.
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Maryama 🎩 🎭
@maryama
👌
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Maryama 🎩 🎭
@maryama
116 $DEGEN It is a beautiful place
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BlackRock’s Bitcoin Spot ETF (IBIT) closed the trading week on May 9 with another $356.2 million in inflows. The fund has now recorded a record 19 consecutive days of inflows, its longest streak this year. The inflows began on April 14 and have coincided with the volatility of Bitcoin (BTC) prices. In the past trading week alone, iBIT saw $1.03 billion in inflows, according to data from ForSide. The uptick in inflows into BlackRock’s ETF reflects continued institutional interest and acceptance of Bitcoin through these investment vehicles.
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Ethereum(ETH)has surged 20% to $2,230 in the past24 hours after the implementation of the Spectra upgrade.The price increase followed the Ethereum network upgrade on May 7,which added new wallet capabilities,increased staking limits,and improved scalability Analysts believe that the increase in long positions could signal a trend change for the cryptocurrency,which has been facing uncertain sentiment for most of 2025.According to CoinGlass data,about $2.06 billion in long positions are at risk of being liquidated if the price of Ethereum returns to $2,000 The price increase coincides with Bitcoin(BTC)returning above $100,000 for the first time in more than three months. In addition to the Spectra upgrade, experts also attribute the price increase to factors such as the US trade agreement with the UK and Coinbase’s acquisition of Deribit Based on historical trends, Ethereum has averaged a62.2% return in the second quarter of the year,and if this pattern repeats,it could reach around $2,950 by the end of June
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The Spectra upgrade went live on the Ethereum mainnet on May 7, 2025. The upgrade, which combines the Prague and Electra updates, introduces 11 Ethereum Improvement Proposals (EIPs) aimed at improving scalability, security, and user experience. Spectra focuses on improving validator performance, layer 2 scalability, and wallet capabilities. Key changes include increasing validator capacity to 2048 Ethereum (ETH) and reducing staking latency. The upgrade also adds new wallet capabilities that enable batch transactions and support for transaction fees. Developers and users are expected to fully benefit from this upgrade over time.
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Gold and Bitcoin prices rose ahead of the Federal Reserve’s interest rate decision. On Tuesday, gold rose 0.7 percent to $3,357 an ounce, while Bitcoin remained around $97,500. Investors have been flocking to safe havens as geopolitical tensions in the Middle East and the Trump administration’s new trade policies have raised concerns about the future of global trade. The Federal Reserve is expected to keep interest rates steady in a range of 4.25 percent to 4.50 percent, but markets are looking ahead to Fed Chairman Jerome Powell’s tone on inflation and future policy. The gold and cryptocurrency markets have been buoyed by reports of investment in Bitcoin exchange-traded funds (ETFs) and demand for safe haven assets like gold.
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Bitcoin wallets linked to the Silk Road black market, which had been inactive since July 2013, recently moved 3,421 bitcoins worth approximately $322.5 million. This is the first transaction from these wallets in over ten years and ten months of silence. Data collected on May 5, 2025 shows that the move occurred in two separate transactions (2,343 and 1,078 bitcoins) and the funds were transferred to new addresses. Blockchain analysis tools such as btcparser.com and Whale Alert identified the transactions. Sunny, founder of timechainindex.com, confirmed on Platform X that the bitcoins originated from Silk Road withdrawals in 2012.
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Maryama 🎩 🎭
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115 $DEGEN Thank you for sharing the information.
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Tim Draper, a renowned venture capitalist, made a bold prediction on Platform X that Bitcoin could eventually reach an infinite value against the US dollar. He attributed the prediction to the collapse of confidence in fiat currencies, the historically weak dollar (pointing to the worst start to the year for the DXY index in four decades), and rising geopolitical tensions, citing the hyperinflation of the Confederate dollar during the American Civil War as an example. Draper called Bitcoin superior to gold as a store of value, considering it easier to store and transport. Noting that some governments have begun to accept Bitcoin in strategic reserves, he advised people to hold sufficient amounts of Bitcoin to protect themselves against a potential financial system collapse.
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Maryama 🎩 🎭
@maryama
It is exactly like that
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@maryama
Thank you.
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Maryama 🎩 🎭
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A new analysis from Fidelity Investments suggests that Bitcoin may soon replace gold as the primary store of value. Jurrien Timmer, global chief investment officer at Fidelity, compared the Sharpe ratios of Bitcoin and gold, citing data from Fidelity Management & Research and Bloomberg on Platform X. He noted that the two assets are negatively correlated and have been the leaders in their respective time periods. Given the current Sharpe ratio, Timmer believes that it may be time for gold to take over the lead and that the cryptocurrency will outperform. However, he recommends that investors consider both assets as part of a single strategy, not as competing options. Timmer says there is no reason for investors to want to prefer one over the other, as they are like different players on the same team and you can have both together. He described Bitcoin as a “modern invention” that is seeking to become hard money in an age of easy money.
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Maryama 🎩 🎭
@maryama
Leaderboard status: 🥈 Me, 🥉 You, 🪑 Everyone else sitting down. cc @yinks @bobyboby2828
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Maryama 🎩 🎭
@maryama
This strategy is so 𝘀𝗶𝗺𝗽𝗹𝗲, It’s almost illegal (It’s not)
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