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#BTC#
Happycoin.club - Economist Timothy Peterson answered questions about how high the bitcoin exchange rate will rise and when the bullish trend will end.
Based on historical data, it can be said that the current bullish trend will end in January 2025. Taking into account the speed of Bitcoin's popularity and previous pullbacks, the peak value of the coin during this cycle will range from $175,000 to $350,000, wrote Peterson.
Chart showing Bitcoin price retracements after reaching historical highs (0%)
However, analyst and trader, known by the pseudonym Crypto Caesar, believes that the curre

Happycoin.club - Lookonchain employees reported that a large cryptocurrency whale sold Ethereum (ETH), Optimism (OP), and Arbitrum (ARB) at a loss to himself.
On May 11, a wealthy trader exchanged 6714 Ethereum for USD Coin (USDC) stablecoins worth $19.5 million. He bought the coins at an average price of $3873 and sold them at a price of $2903, resulting in a loss of $6.5 million.
In addition, the fat cat sold 428,047 Optimism tokens acquired on March 8th and received $1 million worth of USDC for them. At the beginning of spring, OP was much more expensive, so as a result of selling the asset

Two of the largest American banks, Wells Fargo and J.P. Morgan, have announced the purchase of shares of spot Bitcoin ETFs.
In the Wells Fargo report, it is stated that the company owns 2245 shares of Graуscale Bitcoin Trust (GBTC) with a value of $121,208 at the current exchange rate. In addition, the organization acquired 27 shares of ProShares Bitcoin Strategy ETF (BITO) with a value of $912.
J.P. Morgan invested $760,000 in iShares Bitcoin Trust (IBIT), Wise Origin Bitcoin Fund (FBTC), GBTC, Bitwise Bitcoin ETF (BITB), and BITO. In addition, the bank holds securities for the owner of the B