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$BIO
Ready for another long leg 🦵🏻
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$BTC over $101000 As of January 6, 2025, Bitcoin ($BTC ) is trading around $101,000, reflecting a recovery of nearly 7% over the past week. Analysts offer varying predictions for Bitcoin's price leading up to President-elect Donald Trump's inauguration on January 20, 2025. John Glover, Chief Investment Officer at Ledn, suggests that Bitcoin could rise to over $125,000 or fall toward $77,000 in the first quarter of 2025, depending on the incoming administration's actions regarding cryptocurrency policies. Alex Thorn of Galaxy Digital forecasts that Bitcoin's price may exceed $150,000 in the first half of 2025, potentially reaching $185,000 by year-end, driven by increased adoption from institutions, corporations, and nations.
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#BitcoinHashRateSurge Bitcoin's hash rate has recently reached unprecedented levels, with reports indicating it surpassed 1,000 exahashes per second (EH/s) on January 3, 2025, nearly doubling from approximately 510 EH/s in January 2024. As of January 6, 2025, the hash rate is approximately 904.71 EH/s, reflecting a significant increase over the past year. This surge in computational power enhances the network's security, making it more resilient against potential attacks. However, it also intensifies competition among miners, potentially impacting their profitability due to increased operational costs and mining difficulty. Historically, significant increases in Bitcoin's hash rate have been associated with bullish market sentiments, as they often indicate growing confidence in the network's long-term viability. As of January 6, 2025, Bitcoin is trading at approximately $98,999, reflecting a 1.16% increase from the previous close.
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Crypto Rebound Strategy
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$BIO what do you think traders?
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$BIO is going $1+
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