LIVERoeduardo
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It looks like #BTC has found resistance, but that was previously the 57k support. No banker believes in an economic recession and the leveraged must have been mostly wiped out. The chartists are not sure of anything now and the predictions of a drop to 49k, 44k or lower have proven wrong.
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Very interesting! Perhaps the regime is prepared to implement a digital currency and will make reserves in bitcoin or others. They won't want to be out of control, but they won't be able to live outside the crypto environment.
LIVEAlex Guimarães - Crypto Use
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China's largest state bank praises Bitcoin and Ethereum
China is the second largest power in the world, behind only the USA, with a GDP of US$17.9 trillion. Therefore, the re-entry of this country could cause the price of cryptocurrencies to skyrocket quickly.
Bitcoin and China currency.
The Industrial and Commercial Bank of China (ICBC), the largest bank in the world with its US$5.5 trillion in assets, published a text last Thursday (6) praising both Bitcoin and Ethereum, the two largest cryptocurrencies in the world. Marketplace.
Bitcoin and China currency.
The Industrial and Commercial Bank of China (ICBC), the largest bank in the world with its US$5.5 trillion in assets, published a text last Thursday (6) praising both Bitcoin and Ethereum, the two largest cryptocurrencies in the world. Marketplace.
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🚀 Bitcoin's Liquidity Crunch: Illiquid Supply Hits Record 74%! 🚀
The #Bitcoin market is witnessing an unprecedented event! 🚨 According to the latest from Glassnode, a whopping 74% of the circulating $BTC supply has now turned illiquid! 🔒 This means fewer coins are available for trading, intensifying what could be the most significant supply shock yet, thanks to the recent halving.
With each #BTC halving, the new supply gets cut in half, and guess what? We're feeling that pinch now more than ever! 📉 As we gear up for what could be an explosive bull run, the question isn't just about how high BTC can go, but how scarce it can get.
Illiquid Supply: 74% 🛑
Market Implication: Tighter supply, higher demand pressure 📈
Investor Sentiment: HODL mode activated 🚀
Are we on the brink of seeing Bitcoin not just as a store of value, but THE store of value? 💰
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