Here is what happened yesterday in the crypto market:
Bitcoin Price Eyes $65K as Whale Buys the Dip
Bitcoin is showing signs of recovery after a weekend dip, with analysts suggesting a bottom around $80K and potential for a rally. A whale known as “Spoofy” has reportedly bought the dip, contributing to positive price targets.
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US Crypto Leaders Urge Stablecoin Clarity Before Tax Reform
Industry leaders and legal experts are calling for clearer regulations on stablecoins and banking relationships in the United States before prioritizing cryptocurrency tax reform.
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Trader Turns $2K PEPE Investment into $43M
A cryptocurrency trader reportedly transformed a $2,000 investment in the memecoin Pepe into over $43 million at its peak, later selling for a $10 million profit, highlighting the volatile nature of memecoins.
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Binance Launches CEX to DEX Trading
Binance has introduced a new feature allowing users to trade directly on decentralized exchanges (DEX) using funds from their Binance wallets.
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