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Bitcoin (BTC) Will Reach $1 Million Within Next Year, Samson Mow Predicts Samson Mow, CEO of BTC adoption-focused company Jan3, has made another bullish Bitcoin prediction, stating that the cryptocurrency will reach $1 million by 2025. Mow is known for his long-term bullish forecasts, attributing the potential price surge to factors such as the approval of spot Bitcoin ETFs and the recent Bitcoin halving. He believes that the demand shock created by ETFs accumulating BTC and the supply shock resulting from the halving will lead to a significant price increase. However, despite Mow's optimism, Bitcoin has experienced a significant drop in value over the past 24 hours, falling from $64,345 to $62,190. This decline is attributed to selling pressure from Bitcoin miners looking to cover expenses and secure profits.

Cardano (ADA) Bounces Around $0.3, But for How Long? Cardano recently experienced an unexpected bounce from a local support level around $0.35, showing potential for a battle with the 26 EMA for momentum in the coming days. This bounce marks a crucial step in potentially breaking a persistent downtrend that has affected the cryptocurrency for an extended period. Maintaining a position above $0.35 is vital for Cardano in the near term, as this level has historically provided strong support and could lay the groundwork for a future upswing. If Cardano can gather enough momentum to challenge and surpass the 26 EMA, it could signal the beginning of a recovery phase. Despite being in oversold territory, Cardano has faced challenges in maintaining its value over time, attributed to competition from rival blockchain platforms and slower-than-expected development progress.

Top Crypto to Buy Right Now 1)Bitcoin – Best for long-term holding (trading at: $65,529.99) 2)Ethereum– Best for dApp development (trading at: $3,569.94) 3)XRP  – Best for cross-border transactions (trading at: $0.492) 4)Solana – Best for fast and low-cost transactions (trading at: $141.11) 5)BNB– Best for paying exchange fees (trading at: $604.67) 6)Dogecoin– Best for online gambling (trading at: $0.125) 7)Cardano– Best for blockchain interoperability (trading at: $0.395)

Ethereum Network Gas Fee Drops To 4 Gwei BlockBeats reported a significant decrease in Ethereum's gas fee to 4 gwei on June 16, based on data from Etherscan. This reduction is crucial for Ethereum users as it directly impacts transaction costs on the network. Gas fees are payments for computational energy needed to process transactions, and lower fees can make transactions more affordable, potentially boosting Ethereum's usage and popularity. It's important to note that gas fees can fluctuate based on network demand, with higher demand leading to increased fees. The drop to 4 gwei suggests a current lower demand on the Ethereum network. This development is significant for the Ethereum community and could influence future network usage and development trends. However, users and investors should continue to monitor the situation, as gas fees can change rapidly based on network activity.

Key Reason Why Bitcoin (BTC) Is Struggling now The post-FOMC state of the market has revealed a struggle for Bitcoin miners, who are facing massive capitulation and closing their positions. This trend is capping the price of BTC and preventing it from gaining upward momentum, despite strong equities performance. Additionally, the bankruptcy proceedings of Flowbank, a bank with ties to Binance, are further complicating market dynamics for Bitcoin. As a result, the market is expected to remain quiet with lower volatility, creating a strategic window for Ethereum traders to consider accumulation trades and redistribution of risks, given the potential approval of an ETH spot ETF and higher volatility compared to BTC.

Understanding Trading Fees When buying or selling cryptocurrencies on an exchange, a small fee is charged to facilitate the trade. This trading fee, usually a percentage of the trade value, is an essential revenue stream for exchanges. Let's break it down with an example. Suppose you want to buy 1 Bitcoin (BTC) on an exchange with a 0.5% trading fee. If the current price of BTC is $10,000, you'll need to pay $10,000 for the BTC plus $50 for the fee (0.5% of $10,000), totaling $10,050. Trading fees are crucial because they: - Enable exchanges to operate and maintain their platforms - Cover costs such as security, customer support, and infrastructure - Encourage responsible trading practices - Help prevent market manipulation and abuse By understanding trading fees, you can make informed decisions and avoid unexpected costs. Remember, trading fees are a small price to pay for the convenience and security of trading on a reputable exchange!

💰A wallet inactive for 5.5 years transferred 8,000 BTC ($535.64 million) to Binance. ⏺Crypto_Tour🚀

To build a healthy investment portfolio, finding the right balance between risk and reward is paramount. The first step in creating an investment strategy that is just right for you is balancing your portfolio to match your unique risk tolerance and desired investment objectives. In India, we typically invest in a variety of asset classes that have come to be accepted as credible investment options including equities, fixed income instruments such as bonds, fixed deposits, as well as gold, mutual funds, public provident fund, and real estate. All these instruments offer varying potential for returns associated with varying degrees of risk. For example, while real estate investments are traditionally known to appreciate in value over time, investing in real estate — particularly commercial real estate — requires significant upfront capital, which places this asset class beyond the reach of most retail investors. However, the investment landscape is now changing thanks to the introduction of REITs or Real Estate Investment Trusts, professionally managed entities that own, operate, or finance income-generating real estate properties like workspaces and malls. Since REITs took root in India five years ago (in 2019) the asset class has emerged as a potentially suitable component of long-term, diversified investment portfolios. Crypto_Tour 💻

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