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Reflecting on Bitcoin's First Halving Anniversary: Journey from $12 to $37,000
The 11th anniversary of Bitcoin's inaugural halving event marks a significant milestone in the cryptocurrency's history, highlighting its remarkable evolution from a value of $12 to reaching a staggering $37,000.
Halving events within the Bitcoin network occur approximately every four years and involve a reduction in the rate at which new Bitcoins are created. This mechanism, designed to manage the cryptocurrency's supply, has substantial implications for its value and market dynamics.
The first halving event, celebrated on its 11th anniversary, occurred in 2012. At that time, Bitcoin's value stood at a modest $12 per coin. The reduction in the issuance rate, part of the protocol's design, signaled a pivotal moment in Bitcoin's journey, setting the stage for subsequent price movements and market trends.
Fast forward to the present day, and Bitcoin's value has soared exponentially, reaching an impressive $37,000 per coin. This astronomical increase underscores the remarkable growth and adoption of Bitcoin over the years, cementing its position as a prominent asset within the global financial landscape.
The journey from $12 to $37,000 reflects the cryptocurrency's resilience, volatility, and ability to capture the attention of investors, institutions, and the broader public. The allure of Bitcoin as a store of value, an investment asset, and a decentralized digital currency has propelled its ascent despite fluctuations and market uncertainties.
The significance of Bitcoin's first halving anniversary extends beyond mere price appreciation. It signifies the maturation and acceptance of cryptocurrencies as viable alternatives within the traditional financial realm. The steady growth in institutional adoption, regulatory clarity in various jurisdictions, and increasing mainstream recognition contribute to Bitcoin's upward trajectory.
#Bitcoinfees #binannce #BTC.price.surpassed
The 11th anniversary of Bitcoin's inaugural halving event marks a significant milestone in the cryptocurrency's history, highlighting its remarkable evolution from a value of $12 to reaching a staggering $37,000.
Halving events within the Bitcoin network occur approximately every four years and involve a reduction in the rate at which new Bitcoins are created. This mechanism, designed to manage the cryptocurrency's supply, has substantial implications for its value and market dynamics.
The first halving event, celebrated on its 11th anniversary, occurred in 2012. At that time, Bitcoin's value stood at a modest $12 per coin. The reduction in the issuance rate, part of the protocol's design, signaled a pivotal moment in Bitcoin's journey, setting the stage for subsequent price movements and market trends.
Fast forward to the present day, and Bitcoin's value has soared exponentially, reaching an impressive $37,000 per coin. This astronomical increase underscores the remarkable growth and adoption of Bitcoin over the years, cementing its position as a prominent asset within the global financial landscape.
The journey from $12 to $37,000 reflects the cryptocurrency's resilience, volatility, and ability to capture the attention of investors, institutions, and the broader public. The allure of Bitcoin as a store of value, an investment asset, and a decentralized digital currency has propelled its ascent despite fluctuations and market uncertainties.
The significance of Bitcoin's first halving anniversary extends beyond mere price appreciation. It signifies the maturation and acceptance of cryptocurrencies as viable alternatives within the traditional financial realm. The steady growth in institutional adoption, regulatory clarity in various jurisdictions, and increasing mainstream recognition contribute to Bitcoin's upward trajectory.
#Bitcoinfees #binannce #BTC.price.surpassed
🇺🇸 $250 billion asset manager founder Ric Edelman says financial advisors are waiting for spot #Bitcoinfees $BTC ETF approval to provide #BTC to clients.
📊 Institutional investors are showing optimism towards Bitcoin but remain skeptical about altcoins, according to a Bybit Research report cited by CoinDesk. In the third quarter of this year, institutional investors nearly doubled their Bitcoin holdings in anticipation of a BTC spot ETF approval, while reducing their holdings in altcoins. Ethereum (ETH) holdings also decreased overall, but some institutions increased their ETH holdings after the Chapella upgrade in September. 🤔📈 #CryptoInstitutionalInvestors #Bitcoinfees #EthereumETF
Explainer: Binance, the giant crypto exchange under regulatory scrutiny
#BinanceCEO #FREESUGNAL #Bitcoinfees #SolanaPriceSurge
#BinanceCEO #FREESUGNAL #Bitcoinfees #SolanaPriceSurge
Polkadot faces challenges as traders take bearish stance despite price surge.
The percentage of short positions rose from 49% to 55% in recent days
This indicates a substantial number of traders anticipating a decline in DOT's price
Polkadot's price has shown upward momentum in the past weeks, however, a considerable number of traders have taken a bearish stance on the altcoin.
According to Cryptoexpert@Ksrawat analysis of Coinglass' data, there has been a significant increase in short positions against DOT. The percentage of short positions rose from 49% to 55% in recent days, indicating a substantial number of traders anticipating a decline in DOT's price.
The network also experienced a decrease in Weighted Sentiment, signifying a rise in negative comments about DOT compared to positive ones. This shift in sentiment could be a crucial factor influencing the future price trajectory of Polkadot.
However, a tweet from Polkadot Insider on 3 December revealed significant developments within the Polkadot system, including the upcoming launch of Polimec. This, coupled with other collaborations such as the introduction of Parallel Finance, could potentially boost public sentiment and counter the declining metrics associated with DOT.
#cryptoexpert@Ksrawat #cryptocurrencry #TradingMastery #Bitcoinfees #crypto
The percentage of short positions rose from 49% to 55% in recent days
This indicates a substantial number of traders anticipating a decline in DOT's price
Polkadot's price has shown upward momentum in the past weeks, however, a considerable number of traders have taken a bearish stance on the altcoin.
According to Cryptoexpert@Ksrawat analysis of Coinglass' data, there has been a significant increase in short positions against DOT. The percentage of short positions rose from 49% to 55% in recent days, indicating a substantial number of traders anticipating a decline in DOT's price.
The network also experienced a decrease in Weighted Sentiment, signifying a rise in negative comments about DOT compared to positive ones. This shift in sentiment could be a crucial factor influencing the future price trajectory of Polkadot.
However, a tweet from Polkadot Insider on 3 December revealed significant developments within the Polkadot system, including the upcoming launch of Polimec. This, coupled with other collaborations such as the introduction of Parallel Finance, could potentially boost public sentiment and counter the declining metrics associated with DOT.
#cryptoexpert@Ksrawat #cryptocurrencry #TradingMastery #Bitcoinfees #crypto
BTC Data
Price of BTC todayThe live price of Bitcoin is $ 37,641.70 per (BTC / USD) with a current market cap of $ 736.16B USD. 24-hour trading volume is $ 19.27B USD. BTC to USD price is updated in real-time. Bitcoin is -0.19% in the last 24 hours with a circulating supply of 19.56M. #Bitcoinfees
Price of BTC todayThe live price of Bitcoin is $ 37,641.70 per (BTC / USD) with a current market cap of $ 736.16B USD. 24-hour trading volume is $ 19.27B USD. BTC to USD price is updated in real-time. Bitcoin is -0.19% in the last 24 hours with a circulating supply of 19.56M. #Bitcoinfees
#Bitcoinfees fees lost support at $41.
6,000 and is now recovering from support at $40.
7,000.
If it rebounds, it could rebound to the $41.
6,000 resistance.
If it falls further and loses the support at $40,700, watch for an even deeper drop to $39,000.
#BTCto40k C #BinanceCEO #BinanceWish #BinanceTournament $BTC $BTC
6,000 and is now recovering from support at $40.
7,000.
If it rebounds, it could rebound to the $41.
6,000 resistance.
If it falls further and loses the support at $40,700, watch for an even deeper drop to $39,000.
#BTCto40k C #BinanceCEO #BinanceWish #BinanceTournament $BTC $BTC
$ETH $BNB $BTC What is Bitcoin Halving?
I realized that most people do not know about Bitcoin Halving. That's why I want to give you information about Bitcoin Halving.
The reason for halving is that Bitcoin has a finite supply of 21 million coins.
If new coins were created at the same rate forever, Bitcoin would eventually become inflationary, like fiat currencies.
The first Bitcoin halving occurred in 2012, when the block reward went from 50 BTC to 25 BTC.
The second halving occurred in 2016, when the reward went from 25 BTC to 12.5 BTC.
The third halving occurred in 2020, when the reward went from 12.5 BTC to 6.25 BTC.
SO WHEN IS THE NEXT HALVING?
The fourth halving is expected to occur in 2024.
Some believe that halving can cause BTC prices to rise, as it reduces the supply of new coins.
Others believe that halving can have a negative impact on prices, as it increases the cost of mining BTC
HERE ARE SOME OF THE POTENTIAL BENEFITS OF HALVING:
-It helps to control inflation by reducing the supply of new Bitcoin.
- It can encourage innovation in mining. technology, as miners need to find more efficient ways to mine Bitcoin.
HERE ARE SOME OF THE POTENTIAL RISKS OF HALVING:
- It can make Bitcoin mining less profitable, which could lead to a decrease in the number of miners.
-It could lead to increased competition among miners, which could make it more difficult to mine Bitcoin.
~YOU CAN SUPPORT BITEAGLE @News BY TIPPPING US.
THANK YOU!!!
#Bitcoinfees #halvingcrypto
I realized that most people do not know about Bitcoin Halving. That's why I want to give you information about Bitcoin Halving.
The reason for halving is that Bitcoin has a finite supply of 21 million coins.
If new coins were created at the same rate forever, Bitcoin would eventually become inflationary, like fiat currencies.
The first Bitcoin halving occurred in 2012, when the block reward went from 50 BTC to 25 BTC.
The second halving occurred in 2016, when the reward went from 25 BTC to 12.5 BTC.
The third halving occurred in 2020, when the reward went from 12.5 BTC to 6.25 BTC.
SO WHEN IS THE NEXT HALVING?
The fourth halving is expected to occur in 2024.
Some believe that halving can cause BTC prices to rise, as it reduces the supply of new coins.
Others believe that halving can have a negative impact on prices, as it increases the cost of mining BTC
HERE ARE SOME OF THE POTENTIAL BENEFITS OF HALVING:
-It helps to control inflation by reducing the supply of new Bitcoin.
- It can encourage innovation in mining. technology, as miners need to find more efficient ways to mine Bitcoin.
HERE ARE SOME OF THE POTENTIAL RISKS OF HALVING:
- It can make Bitcoin mining less profitable, which could lead to a decrease in the number of miners.
-It could lead to increased competition among miners, which could make it more difficult to mine Bitcoin.
~YOU CAN SUPPORT BITEAGLE @News BY TIPPPING US.
THANK YOU!!!
#Bitcoinfees #halvingcrypto
With just two hours remaining for the candle to close, the focus is on whether BTC can maintain its support at $40.8k. A potential bounce from this level might present opportunities for short-term scalp trades, with a closely monitored stop loss.
#Bitcoinfees
#Bitcoinfees
#$BTC $usdt
Bitcoin/USDT🥳🥳🥳🥳🥳🥳
There can be major two scenarios that can play out omg
1️⃣ 🐂🐂Bullish Move
We have support area at 40400$ ✅
Price is expected to bounce from this level.
How to trade👇
Once price get above 41686$ you can take long target can be 43600$✅
2️⃣ Bearish move🐻🐻🧸
If bitcoin breaks 40400$ support area then we can see a sharp fall in price.
Price can fill CME gap at 39200$ and call fall upto 37600$ as well.
👍👍Keep an eye on both
Bitcoin has been on a rollercoaster ride lately, with its price fluctuating between bullish and bearish moves. As a trader, it's important to be prepared for both scenarios. In the event of a bullish move, we can expect support at the $40,400 mark and a potential bounce from this level. To take advantage of this, traders can look to enter a long position once the price crosses above $41,686, with a target set at $43,600. On the other hand, if the support level is broken and we see a bearish move, we may see a sharp decline in price. In this case, the CME gap at $39,200 may get filled and the price could drop even further to $37,600. It's essential to keep an eye on both scenarios and have a trading plan in place to react accordingly. #Bitcoinfees #BTC/Update: coin #USDT #CryptoTradingTip #BullishMove #bulish #bearishmomentum
#keepeye #trendingpost #trens
Bitcoin/USDT🥳🥳🥳🥳🥳🥳
There can be major two scenarios that can play out omg
1️⃣ 🐂🐂Bullish Move
We have support area at 40400$ ✅
Price is expected to bounce from this level.
How to trade👇
Once price get above 41686$ you can take long target can be 43600$✅
2️⃣ Bearish move🐻🐻🧸
If bitcoin breaks 40400$ support area then we can see a sharp fall in price.
Price can fill CME gap at 39200$ and call fall upto 37600$ as well.
👍👍Keep an eye on both
Bitcoin has been on a rollercoaster ride lately, with its price fluctuating between bullish and bearish moves. As a trader, it's important to be prepared for both scenarios. In the event of a bullish move, we can expect support at the $40,400 mark and a potential bounce from this level. To take advantage of this, traders can look to enter a long position once the price crosses above $41,686, with a target set at $43,600. On the other hand, if the support level is broken and we see a bearish move, we may see a sharp decline in price. In this case, the CME gap at $39,200 may get filled and the price could drop even further to $37,600. It's essential to keep an eye on both scenarios and have a trading plan in place to react accordingly. #Bitcoinfees #BTC/Update: coin #USDT #CryptoTradingTip #BullishMove #bulish #bearishmomentum
#keepeye #trendingpost #trens
who are waiting for Bitcoin halving 2024?
bitcoin halving countdown??
What is a Bitcoin block halving event?
Block halving events happen every 4 years or 210,000 blocks on Bitcoin blockchain. Bitcoin's initial block reward was 50 BTC. The current block reward is 6.25 BTC, the next block reward will be 3.125 BTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin's code.
#Bitcoinfees #BTC #ETH #HalvingEvents #Halving2024
bitcoin halving countdown??
What is a Bitcoin block halving event?
Block halving events happen every 4 years or 210,000 blocks on Bitcoin blockchain. Bitcoin's initial block reward was 50 BTC. The current block reward is 6.25 BTC, the next block reward will be 3.125 BTC. This lowers the rate at which Bitcoins are generated. The halving is periodical and is programmed into Bitcoin's code.
#Bitcoinfees #BTC #ETH #HalvingEvents #Halving2024
BONE and SHIB soar as Shibarium's daily transactions record new high..
Shibarium’s daily transactions hit a new high of 5.1 million on 1 December
SHIB's value increased by 8.3% in the past 24 hours, BONE surged over 26.2% in the last seven days
Last week, the Bone ShibaSwap token (BONE), a popular token within the Shiba Inu (SHIB) ecosystem, experienced a double-digit surge. Additionally, SHIB, the network's primary token, also displayed positive momentum.
CoinMarketCap data indicated that BONE surged over 26.2% in the last seven days. At the time of writing, it was trading at $0.7826 with a market cap exceeding $195 million. Meanwhile, SHIB's value increased by 8.3% in the past 24 hours, reaching $0.00000919, with a market cap surpassing $5 billion.
Notably, the surge in the prices of both tokens may be linked to Shibarium's recent success, marked by a new daily transaction record of 5.1 million on 1 December. As per data by Shibariumscan, this figure further skyrocketed, reaching 7.4 million on 2 December, signifying a rapid surge in daily transactions. Moreover, the total count of wallet addresses on Shibarium reached 1.27 million.
#cryptoexpert@Ksrawat #CryptoExpert #Bitcoinfees #TradingOpportunities #BinanceSquareAnalysis $BTC $ETH $SHIB
Shibarium’s daily transactions hit a new high of 5.1 million on 1 December
SHIB's value increased by 8.3% in the past 24 hours, BONE surged over 26.2% in the last seven days
Last week, the Bone ShibaSwap token (BONE), a popular token within the Shiba Inu (SHIB) ecosystem, experienced a double-digit surge. Additionally, SHIB, the network's primary token, also displayed positive momentum.
CoinMarketCap data indicated that BONE surged over 26.2% in the last seven days. At the time of writing, it was trading at $0.7826 with a market cap exceeding $195 million. Meanwhile, SHIB's value increased by 8.3% in the past 24 hours, reaching $0.00000919, with a market cap surpassing $5 billion.
Notably, the surge in the prices of both tokens may be linked to Shibarium's recent success, marked by a new daily transaction record of 5.1 million on 1 December. As per data by Shibariumscan, this figure further skyrocketed, reaching 7.4 million on 2 December, signifying a rapid surge in daily transactions. Moreover, the total count of wallet addresses on Shibarium reached 1.27 million.
#cryptoexpert@Ksrawat #CryptoExpert #Bitcoinfees #TradingOpportunities #BinanceSquareAnalysis $BTC $ETH $SHIB
$ARKM soon we will see it on #Binance top gainer may 1$ in few days
@BinanceLabs invested on it.. But not moved yet
Just add it to your fav list and accumulate
#arkm $FET #Bitcoinfees in #cryptocurreny
@BinanceLabs invested on it.. But not moved yet
Just add it to your fav list and accumulate
#arkm $FET #Bitcoinfees in #cryptocurreny
#Binance
Binance Ecosystem has Significantly Contributed to the Growth of the Cryptocurrency Industry in several ways:🔸Exchange Development: Binance has established itself as one of the most Prominent Cryptocurrency Exchanges GloballyIt offers a User-friendly Platform with a Wide Range of Cryptocurrencies and Trading PairsProviding liquidity and ease of access for Users WorldwideThe availability of such a reliable and efficient Exchange has facilitated theAdoption and Trading of Cryptocurrencies🔸Innovation:Binance has been at the forefront of introducing Innovative Products and Services to the Cryptocurrency IndustryIt pioneered the concept of Initial Exchange Offerings (IEOs),Providing a Platform for Startups to raise funds directly from investorsBinance also launched the Binance LaunchpadWhich has helped numerous blockchain projects raise capital and gain visibility🔸Education and Research:Binance has shown a commitment to educating and Supporting the CommunityIt offers a Wealth of Educational ResourcesIncluding•Tutorials•Webinars and•Articles to help Users Understand and Navigate the Cryptocurrency MarketBinance Research provides in-depth analysis and insights into different Blockchain ProjectsWhich aids Investors and Users in making informed decisions🔸Incubation and Investments:Binance has it's own Venture Arm, Binance LabsWhich actively invests in Promising Blockchain Projects and StartupsThis Financial support helps foster innovation and growth within the industryBinance has launched several incubator programs such as•Binance Labs Incubation and•Binance X Fellowship to Nurture and Support Developers and Entrepreneurs Building Blockchain Solutions🔸DeFi and Staking:Binance has played a significant role in the growth of decentralized finance (DeFi)It has supported DeFi protocols by listing their tokens and launching various staking servicesAllowing users to earn passive income through their holdingsBinance's involvement has brought increased attention and liquidity to the DeFi space🔸Community Engagement:Binance actively engages with it's Community through various initiativesIt conducts regular AMA (Ask Me Anything) Sessions with its TeamFostering Transparency and Addressing User QueriesBinance also Organizes•Global Meetups•Conferences and•HackathonsWhich serve as platforms for;•Networking•Collaboration and•Idea-Sharing✨Binance Ecosystem's Contributions have helped stimulate the Growth and Development of the Cryptocurrency IndustryMaking it more•Accessible•Transparent and•Innovative for Users Worldwide #BinanceTournament #MarketRally #BinanceCEO #Bitcoinfees
