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Bitcoin (BTC) Price $BTC Bitcoin’s price is renowned for being highly volatile, but despite that, it has become the top performing asset of any class (including stocks, commodities and bonds) over the past decade – climbing a staggering 9,000,000% between 2010 and 2020. When the cryptocurrency was launched at the beginning of 2009, as Satoshi Nakamoto mined the bitcoin genesis block (the first-ever block on the Bitcoin blockchain), 50 BTC entered circulation at a price of $0.00. Fifty bitcoin continued to enter circulation every block (created once every 10 minutes) until the first halving event took place in November 2012 (see below). Halvings refer to bitcoin’s issuance system, which was programmed into Bitcoin’s code by Satoshi Nakamoto. It essentially involves automatically halving the number of new BTC entering circulation every 210,000 blocks. In February 2011, BTC’s price reached parity with the U.S dollar for the first time. The milestone encouraged new investors into the market, and over the next four months, bitcoin’s price in USD continued to rise – peaking at over $30. By early 2013, the leading cryptocurrency had recovered from a prolonged bearish episode and rose above $1,000, albeit only briefly. But with the infamous Mt Gox hack, China announcing its first ban on crypto and other situations, it took a further four years for the BTC price to return to above $1,000 again. Once that level was passed, however, bitcoin’s price continued to surge dramatically throughout 2017 until BTC peaked at its previous long-standing all-time high of $19,850. Over 2018, the entire crypto market plunged into what is now known as the “crypto winter” – a yearlong bear market. It wasn’t until December 2020, when bitcoin returned to test the previous all-time high, that it eventually surpassed that historical level and rose a further 239% over the next 119 days to a new all-time high of $64,799.
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Trump Wants Bitcoin Monopoly | CZ's Billions Double In Jail Soaring Binance exchange token helps elevate Zhao’s net worth as he serves four months on a felony charge. CZ’S Net Worth Doubles While He Serves Prison Time It was clear at the time of his sentencing in April that Changpeng Zhao’s four-month prison sentence was a slap on the wrist and that he would emerge with most of his fortune intact. But a silver lining for the founder of the Binance cryptocurrency exchange and admitted felon is that when he hits the streets in September, what looked like a $33 billion net worth is likely to be about double that amount. Much of the added lucre is the result of research by Forbes that found Zhao’s stake in the BNBBNB 0.0% cryptocurrency owned by Binance comes to 94 million tokens, or 64% of the 147.5 million in circulation. BNB has been on a tear this year, nearly doubling to $596. The BNB credited to Zhao—widely known by his initials CZ—by dint of his 90% ownership of Binance comes in two chunks: almost 42 million that was part of 80 million granted to the founding team in 2017 and more than 52 million that was left with the exchange as a result of a 100 million-token initial coin offering that attracted purchases of fewer than 11 million tokens. On paper, CZ’s BNB stake is worth $56 billion, but if that supply were to be dumped on the market all at once, it would almost certainly depress the price. Valuing the tokens at half the market price makes them worth $28 billion and added to the $33 billion valuation for CZ’s equity stake in the Binance exchange itself puts his estimated wealth at about $61 billion. That would jump him to 24th place on the Forbes billionaires list from 50th. He may move higher still. In the six months since Zhao pleaded guilty to a violation of U.S. anti-money-laundering law and agreed to pay a $50 million fine, Binance has gained market share among crypto exchanges. The valuation of CZ’s 90% stake remains unchanged and would likely increase if the company’s results improve.#CZBİNANCE
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$BTC December 5 was a big day for the cryptocurrency market; it was on that day that the market achieved the milestone of $100K. Unfortunately, the market could not stay above the range for long; at the time of close on December 5, the market plummeted to $96,902.91. Although between December 6 and 8, the market witnessed a growth of 4.2%, pushing the price again above the $100K range, in the next couple of days, the market saw the price sharply dropping by at least 4.4%. The market has not yet recovered from the fall. Let’s example what’s holding BTC back, and whether the market can break past $100,000 sustainably. Liquidity Inflows Slow Down Among the two key reasons that are holding Bitcoin back, the primary one is liquidity. Reports say that inflows from stablecoins, BTC ETFs and futures markets have reduced considerably in the last 30 days. The Liquidity Impulse chart shows that inflows have sharply dropped from $15 billion to $7 billion. Strong activity in channels, including stablecoins, BTC ETFs and futures, is necessary for the growth of Bitcoin. Want to know where Bitcoin is heading next? Read Bitcoin Price Prediction to uncover expert insights and potential market trends! Nvidia’s Impact on Bitcoin’s Price Secondly, since December 5, the price of NVIDIA Corporation has slipped by over 6.8%. Experts claim that there is a strong correlation between NVIDIA and Bitcoin. Last year, both BTC and NVDA showed impressive performance; the NVDA market grew by approximately 245.53%, while the BTC market surged by over 155.4%. This year, also, NVIDIA has outperformed Bitcoin. The NVIDIA market has raisen over 180% so far, while Bitcoin has grown just a little more than 130%. Although in November 2024, Bitcoin demonstrated an impressive growth of 37.4% – the highest monthly return since February, it was a miserable period for NVIDIA, which could only secure a minor growth of 2.68%. This month, the NVDA market opened at $138.67. Between December 3 and 4, it climbed from $138.22 to a peak of over $145.13. Since then, it has dropped by 6.89%
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#MajorAirdropWatch Understanding the Major Airdrop The image advertises a free $MAJOR token airdrop with a launch scheduled soon. A total of 150,000 $MAJOR tokens are indicated, accompanied by visual cues like a star symbol and floating cash, representing value and opportunity. A small logo in the corner suggests association with the TON (The Open Network) ecosystem, a blockchain platform widely recognized for its scalability and efficiency What Is $MAJOR? $MAJOR represents a new token associated with TON blockchain technology, focusing on scalability, security, and community-driven initiatives. Designed to reward early supporters, this token has created a buzz within crypto circles as it offers free allocations through an airdrop. Why Should You Care About the Airdrop? 1. Limited Supply: A total of 150,000 $MAJOR tokens are set to be distributed during the airdrop phase. 2. Community Incentives: Airdrops are an excellent way for blockchain projects to build communities while rewarding active participants. 3. TON Ecosystem Advantage: As a TON-associated token, $MAJOR benefits from one of the fastest-growing blockchain networks, known for its low fees and high transaction throughput. Price Speculation and Market Expectations While the airdrop provides free tokens, the value of $MAJOR after its launch will depend on various factors: How to Claim the $MAJOR Airdrop To ensure you don't miss out: 1. Stay Updated: Follow official $MAJOR channels for announcements. 2. Secure Your Wallet: Use a TON-compatible wallet to receive your tokens. 3. Participate Early: Airdrop opportunities are often first-come, first-served, so act fast! Airdrops like $MAJOR represent a golden opportunity for crypto enthusiasts to get in on the ground floor of innovative projects. With its foundation in the TON blockchain and a clear focus on rewarding early participants, $MAJOR has the potential to be a significant player in the decentralized finance landscape. Keep an eye on updates for the official launch and claim your free $MAJOR tokens today!
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#2024WithBinance crypto currency’s will boost in 2025 Please answer your choices
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