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#Bitcoin ( $BTC) surged above $34K, reaching its highest price since May 2022.

#BTC holds momentum above the 50-day and 200-day EMAs, sending bullish price signals.

#Crypto #cryptomarket
πŸ”₯Crypto Market UpdateπŸ”₯

#Bitcoin ($BTC) surpassed $34,000 and maintained its high. #Ethereum ($ETH) lost its $1,800 mark and was found within the $1,700 range. Price dips are common after sudden rallies. Popular altcoins like #Dogecoin ($DOGE), #Ripple ($XRP), #Solana (SOL), and #Litecoin (LTC) saw minor drops. Pepe ($PEPE) had a 24-hour loss of 7%, while MINA had a 24-hour gain of over 50%.

The global
#cryptomarket cap stood at $1.25 trillion at the time of writing, with a 24-hour dip of 1.67 percent.
Ron Hammond discussed #crypto activities in Washington, focusing on SEC's approach to #cryptocurrency, Digital Asset Subcommittee's expansion, national security concerns about #Hamas funding, and pressure on the SEC to approve crypto products. Elizabeth Warren's criticism of crypto was noted.πŸ”₯πŸ”₯
https://coinpedia.org/news/secs-cryptocurrency-approach-under-scrutiny-insights-from-ron-hammond/
From mining giants to tech innovators, top public companies are betting big on #Bitcoin's bright future.

#Microstrategy stands out with a jaw-dropping 158,245 $BTC in its portfolio. Tech giants like #Coinbase Global and #Tesla have also made significant strides, holding nearly 10k $BTC each.

This widespread corporate investment is a testament to Bitcoin's growing influence and the shifting paradigm of global finance.
In a year marked by economic uncertainty, persistently high inflation, and concerns over rising interest rates, Bitcoin (BTC) has emerged as the star performer, outperforming other traditional asset classes.

Bitcoin rose +107%, outperforming NASDAQ (+33%), S&P 500 (+11%), Oil (+10%), Gold (+8.4%), and Silver (-3.5%).



#Bitcoin #NASDAQ #SP500 #Oil #Gold #SIlver