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CRYPTO PRINCE LEHPOE
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The New York Times says the "countdown is on" for the #Bitcoin halving. Bullish.

The New York Times says the "countdown is on" for the #Bitcoin halving.

Bullish.

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CRYPTO PRINCE LEHPOE
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JUST IN: #Bitcoin    mining Hashprice crashes to new all-time lows of $57.20/Ph/Day as the Rune fad slows down and the lower block subsidy of 3.125 #Bitcoin   /block takes effect.
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Why #Bitcoin    Is Dumping? 1) In historical Bitcoin market cycle, BTC always corrects after the halving. So we are now seeing correcting and price consolidation after a massive pump from $15k to $73k 2) GDP came lower than expected Just an hour ago, US GDP projections came at 1.6% while the expectations were of 2.5% Low GDP data ignites fear of recession which dumped S&P 500, NASDAQ and crypto 3) Biden tax proposal Yesterday, Biden proposed the highest capital gains tax in history at 44.6%. His proposal also includes a 25% tax on unrealized gains for high-net-worth individuals. In the past, whenever there is such a proposal the market has dumped and the similar thing is happening now 4) Israel situation Yesterday, Israel struck 40 Hezbollah sites in South Lebanon As usual, Bitcoin started pricing in a war again which resulted in immediate dump What's next for the market? Low GDP numbers are actually bullish for the market as it will push the FED to do rate cuts After the recent inflation data, it was expected that the rate cuts could be delayed but with the GDP numbers, the probability of rate cuts will increase again IMO, BTC support at $60K is still very strong with a lot of buy orders If there's a black swan event, BTC could go lower a bit more which will be a golden buying opportunity. Hit like if you found this helpful
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🚨 BREAKING 🚨 GRAYSCALE HAS TRANSFERRED 2373 BTC WORTH $156 MILLION TO COINBASE
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OFFICIAL: #BITCOIN    BLOCK REWARD HALVED TO 3.125 #BTC   ! 🎉
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NEW: #Bitcoin❗️ 250coin    ransomware group Akira gained $42M in ransomware proceeds from more than 250 organizations, according to major global cybersecurity agencies.
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