#BTCBelow92K 🚨$BTC Bearish early January: 📌Please follow , like & share for more insights like this.🫡 2024 has come to an end , $BTC giving us a new All time High at around 108k. The last quarter of the year being Bullish , 2025 is around the corner the BIG QUESTION is what exactly is going to happen especially in the first quarter of the year since they is a lot of Buzzing in the crypto space. Some are buying and some are selling and we also have a certain fraction siding on the sidelines wa
The mining difficulty of Bitcoin hit a new peak of 109.78 trillion, climbing 1.16% in Sunday's latest adjustment. This represents a 24% increase over the past 90 days and a 52% rise during the last three months of the year. Meanwhile, Bitcoin's hash rate also crossed the 800 EH/s threshold this month for the first time, signaling the network's solid performance. Despite these indicators of a strong network, miners face challenges due to the halved block rewards and increased difficulty, which squeeze their profitability. Temporary Relief But Cost Pressures Mount for Bitcoin Miners CoinShares' Q3 Bitcoin Mining Report highlights that although these factors have raised mining costs, the recent rise in hashprice has provided temporary relief. However, this boost is not expected to last, and miners will need to adapt to the long-term pressures driven by rising costs and competition for resources.
In its latest report, the European asset manager stated that cost-of-production pressures are expected to continue and will be driven by fierce competition for land and power resources. Hyperscalers, which offer more profitable alternatives, are outbidding miners and are ultimately driving up operational costs. Meanwhile, machine prices, closely correlated with Bitcoin's value, are also set to increase thereby amplifying capital expenditures and depreciation expenses.Miners Explore Al and Clean Energy Solutions As a result, miners are adopting diverse strategies such as HODLing Bitcoin or exploringartificial intelligence (Al) partnerships, which may temporarily slow BTC production but open new revenue streams.
CoinShares's identified firms,likeTeraWulfand Cipher, are well- positioned to capitalize on Al opportunities due to their strategic relationships with energy companies and significant investments in clean energy. However, the financial impact of these ventures may take time to materialize, the report stated.
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Predict BTC Price & Win up to $300 USDC!
With the new year approaching, where do you think Bitcoin will go next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
$USDT Tether the largest cryptocurrency in terms of trading volume , holding 70% of the total market share amoung all stable coins is facing a ban on the 30th of December on all European Exchanges . The major question is why is tether facing a ban? The reason tether is facing a ban in Europe is that the EU exchanges are imposing strict regulations (MICA) mostly on stablecoin issuers with issuers of stablecoins being expected to have an e-money license and ensuring full reserve of fiat backing the coins in banks . EU is trying to protect investors & traders of crypto and promote transparency as well to them. Tether has been facing legal issues of being unable to secure a reliable fiat banking relationship leaving a question mark as well on this stablecoin issuers. Tether has not yet secured the required e-money license , making it a threat to EU regulations which is resulting to it being delisted on EU exchanges.
What does this mean to us crypto traders & investors who usually use this stable coins to minimise risk on our investments in terms of high volatility times & as well for profit taking. The delisting could significantly impact us negatively through reduction of liquidity and an increase in costs since some of the players would have subtracted from the equation , FUD may also hit non EU traders & investors leading to them dumping the coin running to other alternatives like USDC the second biggest stablecoin or even some might convert their coins to fiat all this will lead us back to low liquidity of the coin's market
To counter attack such a problem traders & investors need to adapt to such situations and look for solutions and implement good strategies to guard themselves against risk of ruin . My advice would to be ready for everything as what will exactly happen will be reviewed on the 30th . Be vigilant & strategise & Never to rely on Luck in these markets.
As a Dogecoin HODLER , I see a brighter future for the coin despite many Hodlers of that coin losing a lot of hope , but the good news here is 2025 is the coins year. Dogecoin the first memecoin to be launched in the crypto space in 2013 has not moved much higher like other memecoins its All time high being 0.74 with a market cap of 47.24B . 2025 expect the unexpected to happen right from the start of the year , the meme coin is going to surge up heavily unexpectely just like $XRP did. I am very Bullish on the coin patiently waiting to buy more coins worth $3000 around 0.2306 levels and expecting the coin to go higher 10X + . You might be wondering why I have so much confidence on the coin but I am heavily bullish because the richest man in the world loves the coin very much. Looking back with what the man has achieved its non negotiable his hands are gold touch , Elon musk has shown a lot love to the doge community and the coin to an extend of naming the government department the same name as Doge . Elon's friend president elect Trump promised to support crypto next year & already started creating strategies to help USA🇺🇸 obtain bitcoin and I'm sure Elon will do something to help dogecoin . In January Elon is expected to launch X payment and he stated that X payment is going to be taking crypto as a payment method , I am expecting dogecoin will be the one since he already takes dogecoin as a payment method for some items of the Electric car maker giant Tesla proving he also owns some dogecoins. On 25 Dec Elon posted a tweet on X ( formely twitter) with the statement "who let the DOGE out" with a picture of the dogecoin shibu dog secretly praising the coin since Mr Musk had faced a lot of challenges of plethora lawsuits being filed against him for manipulating the coins price through his tweets , so he had to play it safe but also had to awake the coin's community. $1 is easy target to reach with no sweat wait and see. Whats your thought?
#BitwiseBitcoinETF $BTC Bitwise Bitcoin Standard trust a company found in 2017 that specialises in asset management of digital assets like Bitcoin. This company is well known of letting investors get involved to Bitcoin in a regulated manner as it specialises in the growth & future of Bitcoin. This time the company created a new project called Bitwise Bitcoin Standard Corporation ETF which is a project that focuses on corporations adopting the Bitcoin standard of requiring 1000 Bitcoins in their reserves same way large corporation get their hands on fiat currency reserves which are used for the smooth operation of companies . That being said with more companies holding Bitcoin this drive could be a surge in Bitcoin price solidfying its position as a treasury asset . From Economics stand point using the laws of supply and demand if large corporations starts putting their hands on $BTC in large quantities this could boost demand of the coin massively and reducing the circulating supply as companies are to put this coins as reserves resulting in Bitcoin going higher than expected prices . As well with the help of the president elect of america who is in support of the future of Bitcoin this would be positive to the coin as well since most companies will slowly abandon the fiat currency system and put their hands on the new shinning coin as this coin is likely to be used to settle international payments which large companies are involved . We might say a lot but the bottom line is this is going to push $BTC to higher prices like 200-300k per coin next expect prices like that in 2025 . Whats your take? , drop your own view below.