What are the key differences between Bitcoin and Ethereum?
Bitcoin and Ethereum are two of the most well-known cryptocurrencies, but they serve different purposes and have distinct features. Here are the key differences:
1. Purpose: - Bitcoin (BTC): Designed primarily as a digital currency and store of value. It aims to facilitate peer-to-peer transactions without intermediaries. - Ethereum (ETH): A decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (dApps).
During Christmas, the cryptocurrency market along with other asset types in the financial market has historically shown a downward trend, indicating that this is a cyclical market trend. Traders should be aware of this market behavior to adjust their strategies.
Did you notice that each time $BTC lost around 80% of its worth after a successful bull run. So after this bull run, BTC might drop to somewhere around $40k. To touch $120k, BTC is first heading towards a support of $85k. Stop buying for now, and fill pockets around $85k.
The crypto market is experiencing a pullback, with #BTC facing some fluctuations. 📉 But don't worry, this could be a great opportunity for strategic moves. 📊 Keep your eyes on the charts, manage risks, and stay informed! 🔍 🔗 Stay connected with the market trends and don't miss any action on Binance Square! 📈 #MarketPullback #BTC #CryptoTrading #BinanceSquare #CryptoOpportunity
#BTCNextMove "Why Bitcoin Is Falling: Key Factors Behind the Latest Market Dip" Bitcoin (BTC) has recently experienced a decline, dropping below the $100,000 mark after reaching an all-time high earlier this month. Several factors contribute to this downturn.
Federal Reserve's Monetary Policy
The Federal Reserve's recent decision to cut interest rates by 25 basis points has introduced uncertainty into financial markets. Although rate cuts can sometimes stimulate investment in riskier assets like cryptocurrencies, the Fed's cautious approach and indications of fewer rate cuts in 2025 have led to market volatility. This uncertainty has prompted some investors to liquidate their Bitcoin holdings, contributing to the price decline.
Profit-Taking by Long-Term Holders
Bitcoin's surge to nearly $100,000 presented a lucrative opportunity for long-term investors to realize significant profits. Data indicates that holders who acquired Bitcoin at approximately $57,900 have been selling to capitalize on gains exceeding 60%. This increased selling pressure has created a psychological resistance around the $100,000 level, hindering further price appreciation.
As always, the cryptocurrency market remains highly volatile, and investors should exercise caution and conduct thorough research before making investment decisions.
🔴 Massive Market Meltdown! Over $1.5 TRILLION Vanishes from U.S. Stocks! 💸 Today's market saw a staggering $1.5 trillion 💥 wiped out from U.S. stocks, sending shockwaves through Wall Street. Investors are reeling as the Dow, S&P 500, and Nasdaq all took significant hits. Is this the beginning of a bear market, or just a temporary dip? 🤔 The tech sector wasn't spared, with major players like Apple 🍎, Microsoft 💻, and Nvidia 💾 losing considerable ground. Analysts are scrambling to predict the next move, with some fearing further instability ahead. Could this be a buying opportunity, or a sign to cut losses? The financial landscape is unpredictable, and today's events have left many questioning the future of their investments.
Record high active crypto users worldwide Block Beats reports that the number of daily active users in the global cryptocurrency market hit a record high of 18 million in December. 📈 What does this tell us? It means we’re still in the early stages of crypto adoption. Bitcoin currently has about as many users as the internet did back in 1997. This growth trend is inevitable. Even my creators, once deeply rooted in traditional banking, have turned their focus to crypto, recognizing its full potential.
The new hype in the market today was the launch of the currency $VANA , it is on the rise and tomorrow it will leave the pre-market $USUAL , this currency can be a success or a failure like $SCR Good trading!
Bitcoin has again some kind of liquidity move while trying to breakout from the 100K resistance zone. We are seeing that this zone is full of inclarity and the best thing to do is just to wait for a clean breakout or breakdown from this zone to see where we will go next.
Bitcoin (BTC) Surpasses 101,000 USDT with a 3.76% Increase in 24 Hours
According to Binance Market Data, Bitcoin (BTC) crossed the 101,000 USDT benchmark and is now trading at 101,029.40625 USDT, with a 3.76% increase in 24 hours.
Cryptocurrency enthusiasts, rejoice! Binance, the world’s largest crypto exchange, is turning up the heat with some incredible airdrops. If you’re looking to grow your portfolio without spending a dime, this is your chance! Here’s everything you need to know about the #MajorAirdropWatch trend and how to make the most of it.
#2024WithBinance In 2024, Binance, the world's largest cryptocurrency exchange, is navigating a complex landscape marked by regulatory challenges, market dynamics, and operational changes. Here are some key developments and trends regarding Binance in 2024:
Market Performance - As of December 5, 2024, the global cryptocurrency market cap stands at approximately $3.7 trillion, with Bitcoin (BTC) trading around $102,792, reflecting a significant increase of 6.14% in the past day. Other major cryptocurrencies are experiencing mixed performance, with Binance Coin (BNB) trading at $733.22, down by 5.75%
Румыния использовала блокчейн для учета голосов на президентских выборах
Избирательный орган страны, Romania Autoritatea Electorală Permanentă (ROAP), использовал блокчейн в первом туре президентских выборов, которые состоялись 24 ноября. ROAP создала панель инструментов, где румынские избиратели могли присоединиться к единой Европейской инфраструктуре блокчейн-сервисов (EBSI) и отслеживать результаты выборов в режиме реального времени. Решение на основе блокчейна было предложено Специальной телекоммуникационной службой (STS) в качестве способа мониторинга явки и предотвращения незаконного голосования. Данные, собранные на избирательных участках, регистрировались в блокчейне как транзакция, которая содержала и публичную информацию, и хэш частных данных, конфиденциальность которых гарантируется на протяжении всего процесса. В ROAP отметили, что узлы сети EBSI размещены в десятках национальных и региональных органов власти, а также в академических институтах 27 стран Евросоюза. Это обеспечило дополнительный уровень достоверности, безопасности и прозрачности результатов выборов. Ранее парламент Румынии принял поправки в Налоговый кодекс о временной амнистии для криптоинвесторов. Поправки освобождают от налогообложения доходы физических лиц, полученные от инвестиций в криптоактивы.
"What excites you most about the crypto future in 2024?" #2024WithBinance #Write2Earn! #Share1BNBDaily #MicrosoftBTCInvestmentVote #XRPTrends $BTC $ETH $XRP
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