Global #cryptocurrency

The cryptocurrency sector faces potential regulatory shifts that could significantly impact the trajectory of Ripple and its associated cryptocurrency, XRP. Clearer regulations have the potential to enhance XRP's adoption and use in financial transactions, particularly in cross-border payments, given Ripple's focus in this area. Ripple's legal dispute with the U.S.

As per a recent report from CryptoQuant, large investors, often referred to as "whales," are accumulating Bitcoin at a rate reminiscent of the period before the 2020 bull market. The data from the firm indicates daily inflows of $1 billion into Bitcoin and a notable uptick in holdings by these whales, similar to patterns observed in mid-2020.

Kevin, formerly known as OG Yomi, a crypto analyst, has identified a positive pattern on the Dogecoin (DOGE) chart, signaling an impending breakout. This forecast comes in the wake of a surge in accumulation by large DOGE holders, potentially influencing the anticipated breakout.

The surge in the United States' money supply, nearing $100 trillion, is expected to positively impact the price of Bitcoin, currently trading at $71,000.

Data recorded on the blockchain indicates that large holders of Bitcoin, known as whales, currently possess more than 40% of the total Bitcoin supply, showcasing their ongoing trend of accumulating more coins.

In a significant update, Turkey's Treasury and Finance Minister Mehmet Simsek has stated that the government has no intentions to levy taxes on gains made from "stocks and cryptocurrencies."