Many are asking why #bitcoin is soaring while altcoins lag behind and when the long-awaited #altseason will begin. The answer lies in market patterns: altcoin capitalization recently hit a strong resistance level and got rejected, while #bitcoin continues its rise.

For #altseason to begin, we first need this pattern to break, followed by a retest. This could happen end December or early January.

Bitcoin dominance (BTC.D) is at resistance (62%-63%) and could squeeze slightly higher, but in my opinion it’s unlikely to go much further without going down.

What You Should Do Now:
Hold: If you’ve fully invested, don’t panic—shakeouts and squeezes are part of the game.

DCA Down: Gradually buy during dips to lower your average entry price, but only invest funds you can afford to hold long-term.

Be Patient: Altcoins are waiting for their turn. When Bitcoin stabilizes, funds often rotate into alts.

Hedge: If you’re at risk of liquidation on futures, consider hedging to protect your position.

Follow me for more insights and check out my copy trading account for steady growth 🚀

#altseason is coming, stay strong!

Compass Mining is constructing a new Bitcoin mining facility in Iowa, aiming to expand its self-owned infrastructure portfolio in the United States.

Compass Mining’s Iowa Expansion Highlights Growing U.S. Presence
Compass Mining has announced the development of a bitcoin mining facility on a five-acre site in Iowa. The company plans to energize eight megawatts (MW) of capacity by January 2025, with further expansion up to 30 MW. This marks a notable addition to Compass Mining’s growing network of self-operated sites.
The Iowa facility is part of Compass Mining’s strategy to reduce dependence on third-party operators by owning and managing its own infrastructure. Historically reliant on external partnerships, the company is shifting toward direct ownership to mitigate counterparty risks and enhance operational control. Customers purchasing mining hardware through Compass will have the option to deploy their machines at the new site.
“This new site marks an important milestone,” remarked Shanon Squires, Compass Mining’s chief mining officer. “By increasing our self-owned capacity, we can provide our customers greater operational control.”
The Iowa site complements Compass Mining’s recent efforts to expand across the United States. In 2024, the company energized nearly 50 MW of capacity in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas. Earlier this year, Compass completed projects in Kentucky (10 MW) and Nebraska (7.5 MW), signaling its intent to scale operations amid growing demand for bitcoin (BTC) mining infrastructure.
Compass Mining further said that it aims to energize an additional 20 MW of power across its facilities by early 2025. The company’s efforts reflect broader trends in the bitcoin mining sector as firms navigate regulatory, operational, and market challenges in pursuit of sustainable growth.
#binance #wendy #bitcoin #eth #web3 $BTC $ETH $BNB

A U.S. Space Force major aims to shape defense policy by advocating a national bitcoin reserve and highlighting proof-of-work technology’s role in strategic security.

Jason Lowery Pushes for Bitcoin Strategy Role in National Security Council
Jason Lowery, a major in the U.S. Space Force and a prominent advocate for bitcoin’s role in defense strategies, has applied to become a military advisor. In a post on X Monday, he revealed: “I can confirm that I have submitted an application to serve as a military advisor on the National Security Council (NSC) and/or the White House Office of Science & Technology Policy (OSTP).” Lowery added:
My goal is to advise the Department of Defense on the national strategic significance of Proof-of-Work (PoW) technology and provide senior leaders with policy recommendations related to a strategic bitcoin stockpile and the U.S. Hash Force.
“I’m not sure if I’ll be accepted, but the application is in. If you’re supportive of this position, your advocacy is appreciated,” he noted.
His comment responded to X user “Seahawkmom,” who suggested to U.S. Senator Cynthia Lummis: “I recommend Maj Jason Lowery for presidential advisor on the advancement of bitcoin as a national strategic asset.” André Dragosch, European head of research at asset management firm Bitwise, pointed out on X that the probability of the U.S. adopting a national bitcoin reserve had surpassed 50%, based on Polymarket.
President-elect Donald Trump has introduced plans for a national bitcoin reserve as part of broader efforts to cement U.S. leadership in the cryptocurrency space. The proposal includes retaining the government’s current BTC holdings and potentially expanding them to establish a robust reserve. This strategy is seen by some as a countermeasure against the rising cryptocurrency influence of other nations.
In July, Senator Lummis introduced the Bitcoin Act, a legislative proposal designed to create a strategic bitcoin reserve to strengthen the U.S. dollar and address national debt. The act outlines a plan for the U.S. Treasury to purchase up to 1 million BTC over five years, equivalent to approximately 5% of the cryptocurrency’s total supply. The funding would come from existing Federal Reserve and Treasury assets.
#binance #wendy #bitcoin $BTC

Crypto advocate Howard Lutnick’s nomination as Commerce Secretary by Trump could revolutionize U.S. cryptocurrency policy.

Wall Street Leader Howard Lutnick Tapped as Commerce Secretary, Backing Crypto Growth
President-elect Donald Trump has announced the nomination of Howard Lutnick, CEO of Wall Street giant Cantor Fitzgerald, as the next Secretary of Commerce. Lutnick, a seasoned financial executive, is recognized not only for his leadership in traditional finance but also for his progressive stance on cryptocurrencies. He has expressed strong support for bitcoin, describing it as a transformative asset that could reshape the global financial system.
Under his leadership, Cantor Fitzgerald has expanded into the digital asset sector, including serving as a custodian for tether’s reserves and launching a $2 billion bitcoin financing initiative. This program seeks to inject capital into the cryptocurrency ecosystem, bridging traditional finance and digital currencies. Lutnick has predicted that within five years, major U.S. banks will incorporate BTC into their services, emphasizing his vision for the mainstream adoption of digital assets.
Lutnick’s appointment may signal a shift in U.S. economic policy toward greater acceptance of cryptocurrencies. He has advocated for treating bitcoin as a commodity, comparable to gold, which could shape future regulatory frameworks to foster both innovation and market confidence. “Bitcoin is like gold and should be free trade everywhere in the world,” he said at a bitcoin conference earlier this year, emphasizing:
Bitcoin should trade the same as gold everywhere in the world without exception and without limitation.
As Commerce Secretary, Lutnick’s approach to cryptocurrency regulation and innovation could redefine how the U.S. engages with this rapidly evolving sector. His unique blend of Wall Street expertise and forward-looking crypto advocacy could pave the way for policies that balance growth, regulation, and global competitiveness in the digital era. His pro-crypto perspective is expected to influence commerce policies, potentially positioning the U.S. as a leader in the burgeoning digital economy.
Trump has pledged to position the U.S. as a global leader in the cryptocurrency sector. His proposed policies include establishing a national bitcoin reserve and appointing crypto-friendly regulators to key roles. This favorable stance has already impacted the market, with BTC prices hitting new highs and boosting optimism among crypto investors.
#binance #wendy #bitcoin #eth #web3 $BTC $ETH $SOL

Bitcoin exchange-traded funds (ETFs) remain preferred choice of investment for institutional investors seeking exposure to bitcoin.

Hedge Funds Keep Diversifying Portfolio With Bitcoin
The recent 13F Securities Exchange Commission (SEC) filing for end of Q3 revealed that hedge funds such as Millennium Management, Capula Management, and Tudor Investment boosted their exposure to U.S. spot bitcoin exchange-traded funds (ETFs).
The 13F filing is a mandatory quarterly report for institutional investment managers that handle assets worth more than $100 million.
The biggest increase in its exposure to bitcoin was Millennium Management. Its holdings in Ishares Bitcoin Trust (IBIT) more than doubled from the previous quarter to 23.5 million shares, valued at $849 million. Additionally, it grew its holdings in Bitwise bitcoin and Ark 21shares bitcoin funds. At the end of September, the hedge fund had $1.7 billion in ETFs, including spot bitcoin and ethereum funds.
According to the SEC filing, macro hedge firm Capula Management also increased its holdings in Fidelity Wise Origin Bitcoin and Ishares Bitcoin Trust to approximately $600 million.
Tudor Investment, the hedge fund run by Paul Tudor Jones increased its holdings of Ishares Bitcoin Trust fund by five times from 869,565 shares to 4.4 million shares.
With spot bitcoin ETFs up by about 35% in Q4 already, hedge funds and institutional investors are strongly inclined to maintain and increase their bitcoin investments. In addition, the prospects of a pro-crypto U.S. government also serves as an incentive for more investments in bitcoin.
The growing trend of institutional interest in bitcoin ETFs is consistent with the increase in ownership. Institutional investors are drawn to these funds because they offer a regulated product that exposes investors to bitcoin. The largest asset manager in the world, Blackrock has been instrumental in encouraging institutional adoption of cryptocurrencies by offering investors a more conventional means of obtaining bitcoin through its Ishares Bitcoin Trust ETF.
#binance #wendy #bitcoin #eth #web3 $BTC $ETH $BNB

$BTC
In 2010, Alex, a software engineer, stumbled upon Bitcoin while browsing a tech forum. Intrigued by the concept of decentralized currency, he decided to invest $1,000, buying around 5,000 Bitcoins at $0.20 each. At the time, Bitcoin was a niche interest, and Alex almost forgot about his investment as he continued with his daily life.
Fast forward to 2013, Alex was casually reading the news when he saw a headline about Bitcoin's price surge. Curious, he checked his digital wallet and was stunned to see that Bitcoin had skyrocketed to $200 per coin. His initial $1,000 investment was now worth a staggering $1 million!
Overnight, Alex's life changed. He quit his job, paid off his student loans, and bought a cozy house. He even started a tech startup, using his newfound wealth to fund his passion projects. Alex's story became a legend in the crypto community, inspiring many to explore the potential of Bitcoin.
#btc #bitcoin #BTC☀

On Tuesday, shortly before bitcoin (BTC) reached a lifetime high of $94,057 per coin, Rumble CEO Chris Pavlovski sparked interest on X. He posed a question to his 289,300 followers, asking whether Rumble should adopt bitcoin as a strategy and add it to its balance sheet.

Michael Saylor Joins Rumble’s Bitcoin Treasury Debate: ‘I’d Be Happy to Discuss Why’
Chris Pavlovski, CEO of the fast-growing video platform and cloud services provider Rumble, took to X (formerly Twitter) to propose an intriguing question: Should Rumble adopt bitcoin (BTC) in its treasury strategy? The post quickly drew attention, igniting discussions among his followers. “Should Rumble add bitcoin to its balance sheet?” Pavlovski asked.

The post on X caught the attention of Microstrategy founder Michael Saylor, who replied enthusiastically “Yes. I would be happy to discuss why [and] how with you.” Pavlovski launched a poll on the topic, and with 19,092 votes cast so far, a whopping 93.7% have said “yes” to Rumble adding BTC to its balance sheet. However, the poll isn’t over yet—23 hours remain at the time of writing, leaving plenty of time for the final results to shift.
Natalie Brunell, host of Coin Stories said, “If you decide to, come discuss it on my show and we will stream it live on Rumble.” Pavlovski’s question has ignited a lively debate about bitcoin’s role in corporate treasuries. With prominent figures like Saylor weighing in and Pavlovski’s poll showing overwhelming support, the discussion hints at the growing potential for digital currencies to find a bigger role in mainstream business strategies. While it’s unclear if Rumble will take the plunge, many are hopeful it’s on the horizon.
#binance #wendy #bitcoin #eth #web3 $BTC $ETH $BNB