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Conozca al Sr. #Bitcoin: ¡el legendario del ámbito financiero digital! #Bitcoin#tinytick

Conozca al Sr. #Bitcoin: ¡el legendario del ámbito financiero digital!

#Bitcoin#tinytick

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Chinese yuan officially takes over US dollar Chinese yuan has officially become the most traded currency in Russia, beating Unites States dollar amidst an ongoing genocide in Palestine, Watcher Guru reported According to new data reports, trade in yuan make up 42% of currency trades in Russia, meanwhile, trading in dollar accounted for 39.5%. Moreover, the figures show that the trading volumes for the yuan had tripled, reaching $385 billion in 2023. With such extensive usage, it is anticipated that this year, trading in yuan will increase more than the figure last year. Russia is currently battling several sanctions levied by the West, particularly the US, for its ongoing war in Ukraine. The levied sanctions have caused difficulties, hampering Russia's global supremacy status, rendering it incapable of carrying out national and international transactions via traditional and established routes. To evade these sanctions, Russia has been looking for new alternatives such as using Chinese yuan to conduct foreign trade and offshore transactions replacing the US dollar. Moscow is now intensifying its calls against the use of dollar, bringing up the idea of "de-dollarisation". During an interview, Russian Prime Minister Mikhail Mishustin was noted urging Middle Eastern oil producing countries to switch from US dollar to national and regional currencies.
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Why bitcoin is down today? Bitcoin (BTC) stands on the cusp of a major surge, largely fueled by the imminent Bitcoin Halving slated for April 19. The halving event, occurring roughly every four years, slashes the rewards for mining new blocks, thereby reducing the pace of new bitcoin creation. This event is a cornerstone of Bitcoin's economic design, underpinning its status as the premier cryptocurrency by value. However, despite this anticipation, Bitcoin's price has dipped today, hovering just above $66,000 at present. This contrasts with the earlier levels surpassing $71,000 on Friday, prompting concern among some investors about the sudden downturn. Yet, many analysts foresaw such fluctuations as the halving approached. April witnessed Bitcoin steadily climbing toward the $73,000 threshold observed during March's bullish crypto streak. Although the recent decline, marking a 5% drop in 24 hours, lacks a clear explanation, heightened trading volume hints at a potential correction. With the halving imminent, Bitcoin's trajectory is likely to stabilize, barring any unforeseen drastic events. #tinytick
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Top Cryptos to Invest in Now: Fantom (FTM): Up 8% in 24 hours, aiming for $1.20+ retest. Potential 3-4x gains. Toncoin (TON): Surged 7%, market cap over $22.5B. Partnership with Telegram and USDT expansion potential. Offers 3-5x gains. Ethena (ENA): Hit record highs, market cap $1.16B. Popular DeFi protocol with 4x rally since launch. Bitcoin collateral option could drive 5x growth. #tinytick
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Crypto stocks see gains as Bitcoin surpasses $72K for the first time since March. U.S. crypto-related companies show positive momentum as Bitcoin's reward halving approaches. Coinbase (COIN) rises by 4.9% pre-market, MicroStrategy (MSTR) climbs 10%, and BlackRock's Bitcoin ETF (IBIT) increases by approximately 6.5%.
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In April, two cryptocurrencies are poised to hit the $100 billion market cap. 1. Binance Coin (BNB): Driven by Binance's growth and token burning mechanism, BNB is nearing the milestone with a current market cap of $87 billion. 2. Solana (SOL): Despite network challenges, SOL shows resilience, fueled by meme coins and high DEX trading volume. With a market cap of $79.11 billion, it's on track to reach $100 billion.
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