Ancient whale has come back to life after more than 11 years of dormancy
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Cryptocurrency analyst and trader Ali Martinez has shared his take on what direction the world’s flagship cryptocurrency, Bitcoin, is taking at the moment. Over the past 24 hours, BTC dropped by 2.16%, losing the $67,000 level and falling back to slightly above $65,000. Over the last two days, Bitcoin has plunged by 3.62% as it dropped from the $68,290 zone. That was the second time that BTC strived to break above that price level this week. By now, BTC has recovered from $65,512 to $66,458.
Ali Martinez has tweeted that Bitcoin is “showing signs of a breakout,” and it is might be heading as high as $67,000. BTC now needs to break through the $66,450 level in order to keep going higher.Bitcoin maximalist Max Keiser tweeted on Tuesday that while the launch of spot Bitcoin ETFs has confirmed BTC’s status as digital gold, Ethereum ETFs will reduce its appeal to investors.
For ETH it’s the opposite. The added scrutiny will diminish its appeal as investors realize it’s a proof-of-stake Ponzi scheme with a massive pre-mine that insiders are dumping on noobs.…Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.
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