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What Will Happen to Bitcoin If the US Enters a Recession? According to an analyst, if there is a recession, it may not be favorable for #btc due to the risk-asset situation. However, it is worth noting that Bitcoin has shown some resistance against the negative sentiment surrounding the market since the beginning of the year. The leading cryptocurrency is currently trading below the $27,000 resistance level. Nevertheless, many investors still anticipate an upward trend in #Bitcoin . Part of this confidence in the future of the cryptocurrency stems from Cathie Wood's long-term price target of $1 million. #News #CryptoDailyDigest

What Will Happen to Bitcoin If the US Enters a Recession?

According to an analyst, if there is a recession, it may not be favorable for #btc due to the risk-asset situation. However, it is worth noting that Bitcoin has shown some resistance against the negative sentiment surrounding the market since the beginning of the year. The leading cryptocurrency is currently trading below the $27,000 resistance level. Nevertheless, many investors still anticipate an upward trend in #Bitcoin . Part of this confidence in the future of the cryptocurrency stems from Cathie Wood's long-term price target of $1 million.

#News #CryptoDailyDigest

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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💫Performances of 31 tokens listed on Binance in the last six months 🔶The ones with the biggest increases compared to when they were listed: 🔸#ORDI +261.9% 🔸#JTO +62% 🔸#JUP +58% 🔸#WIF +117% 🔷Those with the biggest decline: 🔹NFP -62% 🔹PORTAL -69% 🔹AEVO -68% 🔹SAGA -63% 🔹DYM -55% $ORDI $WIF
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Big profit period from small language models in artificial intelligence Microsoft, Meta, and Google have released new versions that have fewer parameters and are cheaper to build and train. Companies make huge profits from these small language models. Artificial intelligence companies, which spent billions of dollars to create large language models to power their artificial intelligence products, have now turned to small language models to increase their revenues. Apple, Microsoft, #Meta , and #Google have recently released new #AI models with fewer parameters but still powerful capabilities. In general, the higher the number of parameters, the better the performance of the AI ​​software and the more complex and nuanced its tasks can be. OpenAI's latest model GPT-4o and Gemini 1.5 Pro, which Google announced this week, are estimated to have more than 1 million parameters, and Meta is training a 400 billion-parameter version of the open-source Llama model.
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Good news for Ripple (XRP) investors: Critical data has been announced! According to Ripple's latest market report, XRP Ledger (XRPL) saw more than double the number of transactions in the first quarter of 2024 compared to the previous quarter, and the average transaction cost was almost halved. According to the report published on May 17, XRPL onchain transaction activity increased by 108 percent, with approximately 251.39 million in the first quarter of 2024, compared to a total of 121.03 million in the last quarter of 2023. Additionally, the average cost per transaction decreased by 45 percent to approximately $0.000856. XRP trading volume distribution among cryptocurrency exchanges remained stable in the first quarter of the year; Binance, Bybit and Upbit account for more than 70 percent of the total trading volume. Additionally, it was stated that the volume traded through fiat pairs in the 1st quarter decreased from 15 percent to 11 percent in the 4th quarter. The report also discussed ongoing litigation against the United States Securities and Exchange Commission (SEC); A lawsuit filed by the SEC in December 2020 alleges that executives conducted an initial public offering of XRP, deeming it an unregistered security. On April 22, Ripple responded to the SEC's $2 billion settlement request and did not accept this request. Ripple argued that the law does not allow the SEC to demand refunds or interest unless it can prove someone was harmed. “In terms of next steps, both parties will wait for the Judge to make a decision on final solutions – likely in the coming months,” Ripple said. “Ripple remains confident that the Judge will approach the resolution phase fairly,” he added. $BTC $ETH $BNB
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🇹🇷19 Mayıs Atatürk’ü Anma, Gençlik ve Spor Bayramımız kutlu olsun.
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Important Developments of the Next Week Tuesday, May 21 - 11:00 US Treasury Secretary Janet Yellen will give a speech. Wednesday, May 22 - 21:00 FOMC minutes will be published. - 23:05 NVIDIA earnings reports will be announced. (Expected $24.53 billion) Thursday, May 23 - The Central Bank of the Republic of Turkey (TMC) will announce its interest rate decision. (Previous 50.00%) - SEC decision deadline for VanEck Ethereum ETF. Friday, May 24 - SEC's decision deadline for the ARK 21Shares Ethereum ETF. - Fetchai, SingularityNET and Ocean Protocol will merge and launch the ASI token. 🔓 Token Unlocks May 20: $925 million $PYTH May 22: $354 million $AVAX May 22: $14 million $ID May 25: $31 million $ALT
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