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🔥🔥🔥 Why #bitcoin has made a significant difference in many areas of life:🔥🔥🔥 Bitcoin has created a significant difference in a number of ways, including: Decentralization: Bitcoin is a decentralized currency, which means that it is not controlled by any government or financial institution. This makes it more resistant to censorship and manipulation. Transparency: Bitcoin transactions are recorded on a public blockchain, which means that they are transparent and can be easily verified. Security: Bitcoin is a very secure currency, thanks to its use of cryptography and blockchain technology. Efficiency: Bitcoin transactions are very efficient and can be processed quickly and cheaply. Financial inclusion: Bitcoin can be used by anyone, regardless of their location or financial status. This makes it a valuable tool for financial inclusion. Here are some specific examples of how Bitcoin has created a significant difference: Bitcoin has made it easier for people to send and receive money across borders. This has been particularly beneficial for people in developing countries, who often have difficulty sending and receiving money through traditional channels. Bitcoin has helped to reduce censorship and financial repression. For example, Bitcoin has been used by people in countries with authoritarian governments to send and receive money without fear of censorship. Bitcoin has created new opportunities for entrepreneurs and investors. The development of the Bitcoin ecosystem has led to the creation of new businesses and startups. Bitcoin has helped to raise awareness of financial literacy and the importance of financial inclusion. More and more people are learning about Bitcoin and the benefits of digital assets. Overall, Bitcoin is a significant technological innovation that has the potential to create a more inclusive and equitable financial system. #BTC #CryptoOpportunities #BinanceSquareTalks #BinanceSquarePost

🔥🔥🔥 Why #bitcoin has made a significant difference in many areas of life:🔥🔥🔥

Bitcoin has created a significant difference in a number of ways, including:

Decentralization: Bitcoin is a decentralized currency, which means that it is not controlled by any government or financial institution. This makes it more resistant to censorship and manipulation.

Transparency: Bitcoin transactions are recorded on a public blockchain, which means that they are transparent and can be easily verified.

Security: Bitcoin is a very secure currency, thanks to its use of cryptography and blockchain technology.

Efficiency: Bitcoin transactions are very efficient and can be processed quickly and cheaply.

Financial inclusion: Bitcoin can be used by anyone, regardless of their location or financial status. This makes it a valuable tool for financial inclusion.

Here are some specific examples of how Bitcoin has created a significant difference:

Bitcoin has made it easier for people to send and receive money across borders. This has been particularly beneficial for people in developing countries, who often have difficulty sending and receiving money through traditional channels.

Bitcoin has helped to reduce censorship and financial repression. For example, Bitcoin has been used by people in countries with authoritarian governments to send and receive money without fear of censorship.

Bitcoin has created new opportunities for entrepreneurs and investors. The development of the Bitcoin ecosystem has led to the creation of new businesses and startups.

Bitcoin has helped to raise awareness of financial literacy and the importance of financial inclusion. More and more people are learning about Bitcoin and the benefits of digital assets.

Overall, Bitcoin is a significant technological innovation that has the potential to create a more inclusive and equitable financial system.

#BTC #CryptoOpportunities #BinanceSquareTalks #BinanceSquarePost

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👉👉👉 U.S. #BitcoinETFs Bleed Record $563M Even as Fed's Powell Rules Out Rate Hike Investors swiftly withdrew a staggering $563 million from US-based spot bitcoin ETFs on Wednesday, despite Federal Reserve Chairman Jerome Powell dismissing any immediate rate hike. Leading the outflows were Fidelity's FBTC, followed closely by GBTC, ARKB, and IBIT. The 11 ETFs collectively experienced a net outflow of $563.7 million, marking the largest withdrawal since their inception on January 11. This downward trend has persisted for five consecutive days, with investors pulling nearly $1.2 billion from these funds since April 24, according to data from Farside Investors and CoinGlass. Fidelity’s FBTC saw the most significant outflows on Wednesday, totaling $191.1 million. The notable exodus from FBTC, along with GBTC, ARKB, and #IBIT , contrasts with the consistent inflows witnessed in the first quarter. This trend was especially notable considering the regular large outflows from the relatively expensive #grayscale ETF (GBTC). Despite Powell's dovish stance, supporting risk assets like bitcoin, other ETFs also saw significant outflows. Powell reiterated the Fed's decision to maintain the benchmark interest rate between 5.25% and 5.5%, affirming economic strength and dispelling concerns about rate hikes or liquidity tightening. Additionally, the Fed announced plans to significantly reduce its quantitative tightening (QT) program starting June, while the US Treasury initiated a program to repurchase billions of dollars in government debts to enhance liquidity in the bond market. Bitcoin, like other risk assets, responded to expected changes in liquidity conditions, briefly rallying from $56,620 to $59,430 following Powell’s comments. However, this bounce was short-lived, with bitcoin retracing to $57,300 by press time. The debut of Asia's first spot bitcoin and ether ETFs in Hong Kong earlier in the week with disappointing volumes further dampened sentiment in the #CryptoMarket . Source - finance.yahoo.com
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Here’s How Much #shibaInu , #cardano , and $XRP Have Dipped Since Their ATHs  The recent downturn in the crypto market has left many investors feeling disheartened as their favorite digital assets witness significant declines from their previous all-time highs (ATHs). Possible Reasons for the Recent Dip As of now, the global crypto market cap, which reached approximately $2.76 trillion in March, has dropped to $2.16 trillion, marking a decline of 21.73% in less than two months. The recent downturn is attributed to post-halving sell-offs and miners adjusting to reduced mining rewards. With rewards halved from 6.25 BTC to 3.125 BTC, miners are selling BTC to cover costs. In addition to the post-halving sell-off, macroeconomic conditions and the underperformance of Bitcoin and Ethereum exchange-traded funds (#ETFs ) in Hong Kong have also contributed to the recent dip in crypto prices. Extent of Decline in SHIB, XRP, and ADA Since Their ATHs The market downturn has led to significant declines in many crypto assets, including Shiba Inu ($SHIB ), XRP (XRP), and Cardano (ADA), all falling far below their previous all-time highs. Shiba Inu, for instance, surged to approximately $0.000045 in early March before plummeting to $0.00002184 recently, marking a 75.19% decrease from its ATH of $0.00008845 in October 2021. Similarly, ADA experienced a remarkable rally in March, reaching nearly $0.8, but has since dropped to $0.4446, resulting in an 85.66% decline from its previous ATH of $3.10 in September 2021. XRP's all-time high of $3.84 occurred during the 2018 cycle, contrasting with its current price of $0.5134, marking an 86.67% decline. Despite similar declines in SHIB and ADA, analysts anticipate potential rebounds during the 2024/2025 bull run. Remember, investing in #cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research. Source - thecryptobasic.com
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🔥🔥🔥 #Binance Burns 1.7B Terra Classic While #LUNC🔥 Drops Below $0.0001 Data from the Terra Classic block explorer Terra Finder confirms that today's burn transaction involved precisely 1,404,956,147 LUNC tokens, currently valued at $134,468 based on prevailing rates. Binance executed the transaction at 10:33 (UTC), following its regular procedure for monthly LUNC burns. Binance burned 1.4 billion Terra Classic tokens in April, representing 50% of the LUNC trading fees collected during the month. This marks a 66% decrease from March's burn, attributed to lower LUNC trading activity. With this latest transaction, Binance remains the top Terra Classic burner, having incinerated a total of 58.93 billion LUNC tokens since joining the campaign. This translates to a value of $5.6 million. Binance's burns represent over half (52.3%) of all Terra Classic tokens incinerated since the campaign began in May 2022. The initiative was launched by the community to rejuvenate the Terra Classic ecosystem amid challenges it faced two years ago. Under the leadership of former CEO Changpeng "CZ" Zhao, Binance initially committed to incinerating 100% of fees from LUNC trades. However, the exchange revised this commitment to 50% amid controversies surrounding the reminting of burned tokens. Despite regulatory hurdles and Zhao's CEO change, Binance continues its 50% commitment under Richard Teng's leadership. Terra Classic community member Rexyz praised the exchange for this commitment post the recent burn. Binance recently burned 4.175 billion Terra Classic tokens, marking the lowest burn for the year. This adds to previous burns totaling 15.75 billion tokens in 2024. Despite the downturn in the crypto market, Terra Classic fell below $0.0001 on April 30, currently trading at $0.00009590, down 3.92% in the last 24 hours. Remember, investing in #cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research. Source - thecryptobasic.com #BinanceSquareTalks
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💥💥💥Top Analysts Unanimous that #bitcoin Correction Ends at $56K In the past 24 hours, the #cryptocurrency market has experienced a significant downturn, resembling a bloodbath. Bitcoin, in particular, has been pushed back into the $50K range, levels not seen since two months ago before its all-time high in March of $73,750. Bitcoin hit an intraday low of $56,555, marking a steep 9% drop from its previous range around $60K. This downward movement has also impacted the altcoin market heavily, with assets like #Dogecoin‬⁩ (DOGE) and #Toncoin (TON) witnessing double-digit percentage losses. This prolonged downward trend in the Bitcoin market has persisted for nearly five weeks, resulting in a staggering 22.35% decline from its all-time high value. However, prominent analysts in the cryptocurrency space believe that Bitcoin's price may not experience significant further crashes. Analysts Suggest Bitcoin Bottom Is Reached - Rekt Capital, in an updated analysis of Bitcoin, highlighted that the drop to the $56K level represents the most significant decline witnessed in this cycle. Their chart indicates that after similar 20% declines in the past, there tends to be a sustained relief rally to higher price levels. - Renowned analyst Michaël van de Poppe echoed a similar sentiment, suggesting that Bitcoin has reached the final stage of price consolidation. While acknowledging the possibility of further retracement, he emphasized that the $56K to $58K range will be crucial to observe. Additionally, he proposed that the altcoin market may recover earlier than the Bitcoin market. - Sergio Tesla, a crypto statistician, shares bullish sentiments similar to Van de Poppe and Rekt Capital. He accurately predicted Bitcoin's drop to $56K during its rally to the all-time high in March. Sergio sees $56K as Bitcoin's bottom before expecting a rapid rally back to the $80K range. - As of now, Bitcoin is trading at $57,495, showing a modest gain of around $1,000 following the recent steep drop. Source - thecryptobasic.com
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