Bitcoin's price is currently ranging from $57,558.77 to $60,139.50. Here are some of the latest Bitcoin news
Bitcoin Bounces Off $56,000 Support-Bitcoin's price retested and bounced off from the daily support level of $56,000 this week.
$140.7 Million Inflows into US Spot Bitcoin ETF-US spot Bitcoin ETFs posted $140.7 million in inflows until Thursday, and on-chain data supports a bullish outlook.
Bitcoin Extends Correction Below $60,000 Bitcoin extends correction and erases Fridayâs gains after being unable to hold above the psychologically important $60,000 level over the weekend.
Bitcoin On the Road to $60,000*: Bitcoin price is on the road to $60,000, and on-chain data supports a bullish outlook.
Bitcoin Price*: Bitcoin (BTC) price tests the key support level at $56,000, consolidating over a 1% decline this week. If it drops below this support, a continued downtrend is likely for BTC. Bitcoin Technical Overview*: Bitcoinâs hashrate hit a new all-time high on Sunday. Bitcoin and Ethereum hover around support at $56,486 and $2,383 on Monday, respectively. Bitcoin Outflows*: Bitcoin ETFs record combined $1.2B in outflows in 8 days. Despite the outflows, crypto ETFs outshined the over 400 new ETFs in 2024, with the four biggest launches being spot Bitcoin ETFs. Bitcoin Predictions*: Bitcoin analyst sees 'biggest bull cycle' with $45K now BTC price floor. BTC price is due some "final corrections" before going on a bull run lasting at least two years. Bitcoin Adoption*: El Salvador marks 3 years of Bitcoin adoption with $31M profit. Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit.
Bitcoin Price-Bitcoin (BTC) price tests the key support level at $56,000, consolidating over a 1% decline this week. If it drops below this support, a continued downtrend is likely for BTC.
Bitcoin Technical Overview-Bitcoinâs hashrate hit a new all-time high on Sunday. Bitcoin and Ethereum hover around support at $56,486 and $2,383 on Monday, respectively.
Bitcoin Outflows- Bitcoin ETFs record combined $1.2B in outflows in 8 days. Despite the outflows, crypto ETFs outshined the over 400 new ETFs in 2024, with the four biggest launches being spot Bitcoin ETFs.
Bitcoin Predictions-Bitcoin analyst sees 'biggest bull cycle' with $45K now BTC price floor. BTC price is due some "final corrections" before going on a bull run lasting at least two years.
Bitcoin Adoption-El Salvador marks 3 years of Bitcoin adoption with $31M profit. Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit.
Pixel Coin (PXL) is a cryptocurrency that has gained attention in recent times. Here are some key points about Pixel Coin:
What is Pixel Coin?-Pixel Coin is a decentralized digital currency that aims to provide a fast, secure, and private way to make transactions.
Blockchain- Pixel Coin operates on its own blockchain, which is designed to be energy-efficient and scalable.
Consensus algorithm-Pixel Coin uses a Proof-of-Stake (PoS) consensus algorithm, which allows holders to stake their coins and participate in the validation process.
Supply-The total supply of Pixel Coin is capped at 21 million PXL.
Use cases-Pixel Coin can be used for various purposes, including: - Fast and secure transactions - Private transactions (using its built-in privacy features) - Staking and earning rewards - Participation in decentralized finance (DeFi) applications
Current price and market capitalization-Please note that cryptocurrency prices and market capitalization can fluctuate rapidly and may be different at the time of your inquiry.
If you have any specific questions about Pixel Coin or would like more information, feel free to ask!
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Update 2_FUTURE of MATIC to POL The chances of POL growth after the upgrade are quite high, considering the expanded utility and capabilities of the token. POL will now serve as the native gas and staking token for the Polygon PoS network, and its utility will be further expanded in future phases. Here are some key points that suggest a positive outlook for POL's growth: Hyperproductive token- POL is designed to be a "hyperproductive" token, earning fees from multiple sources, including gas and staking, as well as future fee-generation options. Community-driven-The upgrade to POL was a community-driven effort, with a year of discussions and consensus-building, which suggests a strong community backing for the token. Backwards compatibility-The upgrade ensures backwards compatibility, making it easy for validators, delegates, apps, and users to transition smoothly from MATIC to POL Future utility- POL's utility will be expanded in future phases, including its role in the AggLayer and networks and services connected to it, subject to community consensus. Tokenomic changes-The initial POL to MATIC upgrade ratio is 1:1, with a 2% emission over time, which could contribute to the token's growth. Overall, the upgrade to POL and its expanded utility, combined with community support and future growth prospects, suggest a positive outlook for the token's growth. $BTC $MATIC #MATICtoPOL #Polygone #USNonFarmPayrollReport #CryptoMarketMoves #MATICUPDATE
The chances of POL growth after the upgrade are quite high, considering the expanded utility and capabilities of the token. POL will now serve as the native gas and staking token for the Polygon PoS network, and its utility will be further expanded in future phases. Here are some key points that suggest a positive outlook for POL's growth:
Hyperproductive token- POL is designed to be a "hyperproductive" token, earning fees from multiple sources, including gas and staking, as well as future fee-generation options.
Community-driven-The upgrade to POL was a community-driven effort, with a year of discussions and consensus-building, which suggests a strong community backing for the token.
Backwards compatibility-The upgrade ensures backwards compatibility, making it easy for validators, delegates, apps, and users to transition smoothly from MATIC to POL
Future utility- POL's utility will be expanded in future phases, including its role in the AggLayer and networks and services connected to it, subject to community consensus.
Tokenomic changes-The initial POL to MATIC upgrade ratio is 1:1, with a 2% emission over time, which could contribute to the token's growth.
Overall, the upgrade to POL and its expanded utility, combined with community support and future growth prospects, suggest a positive outlook for the token's growth.
Upgrade from MATIC to POL has been initiated on Ethereum's mainnet. POL is now the native gas and staking token for Polygon PoS and will be used for transactions on the network.
The upgrade from MATIC to POL is a 1:1 migration, and users with MATIC on Ethereum can migrate to POL via the Polygon Portal interface.
Don't fear
The upgrade from MATIC to POL brings several exciting changes.
POL as the new native token-POL replaces MATIC as the primary token for gas payments and the staking token for Polygon's proof-of-stake (PoS) consensus.
Expanded utility-POL will have expanded utility in the AggLayer, serving a crucial role in Polygon's growing network of aggregated blockchains.
No action required for holders-Holders of MATIC on Polygon PoS don't need to take any action, as their tokens will be automatically upgraded to POL.
Manual upgrade for Ethereum holders-Holders of MATIC on Ethereum need to manually upgrade their tokens to POL using the migration contract.
-No deadline for upgrade- There is no deadline for users to upgrade their tokens, but it's recommended to do so to access the new features and utilities of POL.
-POL's role in Polygon 2.0-POL will play a central role in Polygon 2.0, enabling new use cases and incentivizing participation in the network.
These changes mark a significant milestone in Polygon's evolution and set the stage for its future growth and development.
Why did the blockchain go on a date? đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€đ€ Because it was looking for a "secure" connection!đ€Łđ€Łđ€Łđ€Łđ€Ł
US companies forecast to buy $10.3B in Bitcoin over next 18 months Crypto market enters âextreme fearâ as analysts warn of Bitcoin below $50K Bitcoin price dips to new 1-month low after $57K US jobs data 'fakeout'
Bitcoin slides below $54,000 on weak US jobs data and fears of Fed jumbo rate cut - Bitcoin Price Drops Sharply as US Markets Open - Crypto Analyst Says Ethereum Could Fall Further if ETH Support Level Crumbles, Maps Path Forward for Bitcoin