Analysts believe that the ghost of the restriction of dollar depositors, 
popularly referred to as “corralito,” still haunts Argentines who prefer to 
hold their savings in cash dollars rather than in banks, even after the 
approval of the Fiscal Innocence law. Key Takeaways: Milei’s tax-free law 
failed to attract even $1 billion of the $170 […]

Argentines Hoard $170 Billion in Cash as Milei’s Tax-Free Deposit Scheme Flops

Escalating US-Iran tensions over Hormuz could destabilize global oil markets 
and heighten geopolitical risks, impacting international relations.
The post IRGC warns US against Hormuz intervention amid rising invasion risk 
appeared first on Crypto Briefing.

IRGC warns US against Hormuz intervention amid rising invasion risk

Meta&#8217;s reliance on debt for AI infrastructure may heighten investor scrutiny 
on long-term sustainability and financial stability.
The post Meta secures $13B financing for Texas AI data center despite debt 
concerns appeared first on Crypto Briefing.

Meta secures $13B financing for Texas AI data center despite debt concerns

A crypto expert has highlighted a recurring pattern on the Dogecoin (DOGE) 
price chart that led to its historical 2020 price rally. At the time, the DOGE 
price had skyrocketed by more than 26,000%, turning many early investors into 
millionaires in just a few months. Now, with the current chart structure 
repeating the same pattern, the analyst believes that Dogecoin may be 
preparing for another historic rally, this time to a $2 price target. Dogecoin 
Price Repeats Historic 2021 Bull Run Pattern In one of his latest Dogecoin 
analyses on X, market analyst Crypto Patel stated that DOGE is currently 
sitting within the same strong accumulation zone from 2021 that sent its price 
to an all-time high. He marked this zone at around $0.10, noting that Dogecoin 
traded around this level before jumping over 26,834% to $0.74 in the previous 
bull run. Related Reading: Dogecoin Inverted Scale Shows A Sharp Drop, But 
Something Is Interesting About This Chart Crypto Patel noted that during that 
time, tweets from SpaceX and Tesla CEO, Elon Musk, had acted as a major 
catalyst to the meme coin’s upward price action. With renewed attention on 
Dogecoin, the analyst now believes that the fractal pattern from that past 
bull market is repeating in this cycle. He noted that the bull run between 
2020 and 2022 had moved through Waves 1 to 5, with significant price 
fluctuations before finally peaking in the last wave. In his accompanying 
chart, Crypto Patel showed that in Wave 1, Dogecoin experienced its first 
breakout before jumping again to a new high in Wave 2. This bull run 
continued, with Waves 3, 4, and 5 all showing price moving higher before the 
peak finally triggered a bearish downtrend. Fast forward to the current cycle, 
Crypto Patel’s chart shows the market mirroring the same moves. Around 2024, 
Dogecoin experienced two breakouts similar to those in the previous cycle. 
After the second breakout, the price retested the former lows before 
experiencing another strong rally, marking Wave 3. Based on Crypto Patel’s 
analysis, the market is currently in Wave 4, following months of significant 
volatility and price declines. If history repeats, the analyst predicts 
Dogecoin could see another parabolic rally soon. His chart points to an upper 
price target around $2.0, representing a more than 2,767% rally from the 
current accumulation zone between $0.07 and $0.10. Dogecoin Whale Activity 
Surges Alongside Price While analysts maintain their bullish stance on 
Dogecoin, the meme coin is also seeing a surge in whale activity and price. 
Recent data shows that whales are accumulating Dogecoin in droves. Related 
Reading: Dogecoin Trap Shows A Major Crash, But How Low Will The Price Go? A 
crypto analyst, Mando CT, reported that whale wallets holding DOGE have 
reached a new all-time high of 108.52 billion tokens valued at approximately 
$11.6 billion. He noted that large-holder activity has also spiked to its 
highest level in six months, reflecting renewed interest and demand for the 
meme coin. At the same time, CoinMarketCap data reveals that the DOGE price 
has risen by more than 3.4% in the last 24 hours, fueled by Bitcoin’s recent 
reclaim of the $80,000 level. Featured image from iStock, chart from 
Tradingview.com

Dogecoin Has Entered The Zone That Led To The 2021 26,000% Surge And The Target Is Above $2

Rising rate hike probability amid inflation and geopolitical tensions could 
lead to tighter monetary policy, impacting global markets.
The post Fed rate hike probability rises amid inflation, Iran tensions 
appeared first on Crypto Briefing.

Fed rate hike probability rises amid inflation, Iran tensions

Geopolitical tensions in the Strait of Hormuz heighten market volatility, 
dampening investor confidence and impacting global oil supply concerns.
The post Explosion in Strait of Hormuz impacts S&amp;P 500, curbs optimism on 
earnings appeared first on Crypto Briefing.

Argentines Hoard $170 Billion in Cash as Milei’s Tax-Free Deposit Scheme Flops

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