The cryptocurrency world was something however uninteresting this week. Main developments, from a surge in Shiba Inu whale transactions to vital liquidations of lengthy crypto positions, saved the market on its toes. In the meantime, former President Donald Trump pledged his stance in opposition to Central Financial institution Digital Currencies, whereas a crypto analyst made a daring prediction for Dogecoin’s future. Lastly, Edward Snowden couldn’t resist taking a jab at JP Morgan’s CEO over his Bitcoin feedback.
Shiba Inu’s Whale Transaction Volume Soars
Regardless of a 4.3% dip on Thursday, Shiba Inu SHIB/USD witnessed a major enhance in massive transaction volumes, leaping from 902.36 billion SHIB on Jan. 14 to a staggering 5.9 trillion SHIB on January 16. This 551.4% development was accompanied by an increase in every day transactions, indicating a doubtlessly brighter future for the Dogecoin rival. Read the full article here.
Huge Crypto Lengthy Liquidations
Main cryptocurrencies took a success as over $200 million value of lengthy positions had been liquidated over 24 hours on Thursday. Bitcoin longs value over $65 million had been liquidated, whereas Ethereum ETH longs noticed over $27 million liquidated. Read the full article here.
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Trump’s Vow Against CBDCs
Former President Donald Trump made a powerful assertion in opposition to adopting a Central Financial institution Digital Foreign money in the USA. He pledged to “defend Individuals from authorities tyranny” and vowed to by no means enable the creation of a CBDC. Read the full article here.
Dogecoin’s Potential Moonshot
An nameless crypto analyst predicted an astronomical rise for Dogecoin DOGE/USD. The meme cryptocurrency may doubtlessly attain the $5 mark, a staggering 6000% enhance from its present worth. Read the full article here.
Snowden’s Bitcoin Banter
Edward Snowden, the previous NSA contractor, took a playful jab at JP Morgan’s CEO, Jamie Dimon, following the SEC’s approval of a Bitcoin BTC/USD ETF. Snowden’s tongue-in-cheek tweet highlighted the CEO’s altering stance on Bitcoin. Read the full article here.
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