Ethereum’s “I told you so” moment…
Remember about three weeks ago when BTC maxis were writing ETH’s obituary?
The same holders who were screaming “dump your ETH for BTC” are quite interested in Ethereum’s price action.
While Bitcoin’s been playing ping-pong between $98K and $103.9K (resistance is real), Ethereum’s been quietly proving its critics wrong.
Sure, we’re still about $900 shy of ETH’s all-time high, but at $3,900, no one’s complaining anymore. Well, except maybe those who panic-sold three weeks ago.
It’s like they say in crypto – the market loves to prove the loudest voices wrong.
So what’s going on? Let’s make sense of it all! Here is a quick rundown of the top headlines from the past 24 hours:
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Long-term Bitcoin holders are seeing 4x profits as BTC touches $104K. But with such massive gains, are we about to see a wave of profit-taking that could tank the market? 🤔
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ARK Invest’s betting on $124K Bitcoin by year-end, hinting at potential US strategic reserves adoption. But is this just another wild prediction, or do they know something we don’t? 🎯
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DOGE jumps to $0.46, leading the pack while Bitcoin takes a breather. Is this just a bull trap? 🚀
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Mt. Gox moved $2.8B worth of Bitcoin, but markets barely blinked. Have we finally grown immune to Mt. Gox FUD, or is this the calm before the storm? 💭
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GIGA token pumps 36% while other meme coins crash and burn. Is this the end of the meme coin season, or are we just seeing a rotation into “quality” memes? 📈
Let’s dive in!
Bitcoin just wrote another chapter in its wild journey, touching $104,000 and making early investors very happy.
Those who’ve been holding onto their Bitcoin for the long haul are now walking away with returns four times their initial investment.
That’s what CryptoQuant’s data is showing through their Long-Term Holder Spent Output Profit Ratio – a fancy way of saying “how much money long-term investors are making when they sell.”
So are the whales cashing out their holdings? Read the full story!
Bitcoin recently crossed $100,000 (before falling below 99K), marking a historic moment with a $2 trillion market cap. But what’s catching everyone’s attention isn’t just where Bitcoin is – it’s where it might be heading.
ARK Invest, known for its deep dive into Bitcoin analytics, sees $124,000 as the minimum target by year-end. Their math isn’t just about numbers – they’re looking at something bigger: the possibility of Bitcoin becoming part of U.S. strategic reserves.
