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Crypto PM
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💰 $BTC Almost 2 Months of Ranging so far💁‍♂️ Market is mostly asleep, good for accumulating favorite #altcoins for the long-term😉 ❗️I would recommend quit the short-term trading in this market #BTC #Bitcoin #CryptoPM

💰 $BTC Almost 2 Months of Ranging so far💁‍♂️

Market is mostly asleep, good for accumulating favorite #altcoins for the long-term😉

❗️I would recommend quit the short-term trading in this market

#BTC #Bitcoin #CryptoPM

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The blockchain analytics firm Arkham has indeed identified a significant amount of Bitcoin that was seized by the U.S. government. Here are the key details: 3.94K BTC Seized: The U.S. authorities confiscated approximately 3,940 BTC, valued at around $251 million, from a convicted drug dealer. Total Holdings: Following this seizure, the U.S. government’s total Bitcoin holdings have reached about 216.788K BTC, which is estimated to be worth $13.82 billion. Source of Seizure: The majority of these holdings come from criminal seizures, highlighting the government’s efforts in combating illegal activities related to cryptocurrencies. This case underscores the growing role of blockchain analytics in law enforcement and the significant impact of cryptocurrency seizures on government assets. #Arkham #Crypto #usgovernment
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Hey there! 🙋‍♂️ So, you've probably heard about Bitcoin's big event, the halving, right? Well, it went down on April 20th, and things got real for miners. 🤯 The reward for mining a block got sliced in half, from 6.25 BTC to a mere 3.125 BTC. 💸 Now, imagine your paycheck getting cut in half overnight. Ouch, right? That's what miners are dealing with. Their daily dough has dropped from a cool $6 million to less than $3 million. 📉 But hey, Bitcoin miners are a tough bunch. They're hustling hard, squeezing out earnings from transaction fees and keeping those mining rigs humming. 💻⛏️ It's a bit of a rollercoaster 🎢 for the mining folks, but they're hanging in there. And who knows? With Bitcoin, the next big surge could be just around the corner. 🚀🌙 Stay tuned, and let's see how this crypto saga unfolds! 🧐 #bitcoin #Mining #CryptoNews ---
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Arbitrum has indeed surpassed the $150 billion mark in total transaction volume on Uniswap1. This is a significant milestone for Arbitrum, marking it as the first Layer 2 protocol to achieve this level of transaction volume on the platform1. The surge in transaction volume highlights the growing adoption and activity within the decentralized finance (DeFi) space, particularly on Uniswap, which continues to be a leading decentralized exchange (DEX)2. The achievement also reflects the benefits of Layer 2 solutions like Arbitrum, which offer lower transaction fees and enhanced scalability compared to the Ethereum mainnet2. These advancements are crucial for the future of DeFi, making it more accessible and cost-effective for users2. It’s exciting to see how innovations in blockchain technology are transforming the financial landscape! 🚀 #CryptoPM #Arbitrum #cryptonews
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JUST IN: 🇦🇷 Elon Musk says "I recommend investing in Argentina" after meeting with President Javier Milei. #CryptoPM #CryptoNews #ElonMusk
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Here's a quick rundown on the latest with BTC: 1. BTC made a breakthrough by surpassing EMA200 on the H4 chart, finally succeeding after three previous failed attempts. 2. It made a notable move by surpassing the previous lower high (LH) at 64,700, briefly reaching above 65k and then experiencing a drop of $1,500, albeit with lower volume. 3. There's excitement over the breakout of the descending trendline stemming from the peak at 72k. Some analysts believe that the corrections seen today might just be the typical Monday dip, signaling a potential buying opportunity. 4. The ascending trendline originating from December 2023 seems to be holding strong, adding to the bullish sentiment. Looking forward, the next target for BTC is set at 69k. If it manages to clear that hurdle, the sky's the limit, with some predicting it could surge all the way up to 84k. However, keep an eye out for a daily close below the April 2024 close at 60.6k, as that could invalidate the current bullish outlook. Stay tuned for more updates as the situation evolves! 📈 #BTC #bitcoinhalving #CryptoWatchMay2024 #buythedip
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