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Bitcoin completed its 4th halving, reducing mining rewards to 3.12 BTC. This event caused volatility in BTC's price, which fell to $63,370, down 2% in 6 hours. Despite bearish indicators, positive capital inflows were noted. Bitcoin's scarcity, due to halving, could enhance its value as a store of value asset like Gold. Historically, halving events have led to significant price increases, with a 500% surge seen after the last halving in May 2020. With increasing demand and decreasing supply, Bitcoin's rally is anticipated. #HotTrends #bitcoinhalving

Bitcoin completed its 4th halving, reducing mining rewards to 3.12 BTC. This event caused volatility in BTC's price, which fell to $63,370, down 2% in 6 hours. Despite bearish indicators, positive capital inflows were noted. Bitcoin's scarcity, due to halving, could enhance its value as a store of value asset like Gold. Historically, halving events have led to significant price increases, with a 500% surge seen after the last halving in May 2020. With increasing demand and decreasing supply, Bitcoin's rally is anticipated.

#HotTrends #bitcoinhalving

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Bitcoin price briefly broke below descending channel on daily chart but quickly rebounded, indicating fake bearish breakout. $60K level turned support, targeting $68K resistance short term. On 4-hour chart, price recovered, eyeing midline of channel as next target, RSI near overbought zone suggests possible pullback. Miners Position Index shows declining selling pressure, good sign for potential rally towards $80K. Despite bullish indicators, market volatility warrants caution for investors. #HotTrends #HotContent #write2earn🌐💹 #BTC
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In April, the monthly USD-pegged stablecoin volumes nearly matched the previous month's levels, despite First Digital USD (FDUSD) achieving its highest volume ever, surpassing $18 billion. This surge in FDUSD activity, more than doubling March's figures, was attributed to its prominence on Binance, contributing to its ongoing adoption. Conversely, Tether's USDT, the largest USD stablecoin by supply, experienced a decrease in volume, dropping to $205 billion from $243 billion in March. As a result, April's stablecoin volumes totaled $546 billion, slightly lower than March's peak of $587 billion, marking the highest monthly level in a year. #HotTrends #HotContent #write2earn🌐💹
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