Hot News 🔥 The US has managed to capture more than 40% of | Ehsan Soltanieh a Binance Square-en

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Ehsan Soltanieh

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Hot News 🔥
The US has managed to capture more than 40% of the global Bitcoin hash rate by the end of 2024! 🇺🇸👍
⚠️ This means a significant share for the US in Bitcoin mining and network security

Felelősségkorlátozó nyilatkozat: Harmadik felek véleményét tartalmazza. Nem minősül pénzügyi tanácsnak. Szponzorált elemet tartalmazhat. Lásd a Feltételeket.

BTC

101 862,77

+2.68%

663

0

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Fedezd fel a legfrissebb kriptovaluta-híreket

⚡️ Vegyél részt a legfrissebb kriptovaluta megbeszéléseken

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Ehsan Soltanieh

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🥇#BTC -- #Bitcoin dropped over $800 after losing the trendline and is now breaking the major resistance zone. Target: $108K🔥 🔥🔥🔥

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What's up? The image you see shows the Bitcoin Dominance, which means Bitcoin's share of the entire crypto market. This chart indicates that after a prolonged growth, Bitcoin Dominance has entered a downward trend. This could be exciting news for altcoins!

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#Bitcoin ‼️ Trading volume has decreased and the price remains below $100,000. ⁉️ What does this mean? It is likely to fluctuate between $95,000 and $110,000 until the end of January. ⁉️ Should we buy or sell? Don't rush! The market is currently low-volume and tired. Wait for liquidity to return. If you are a professional trader, pay attention to price ranges. ‼️ Remember, the market is always full of surprises; enter with thought and strategy

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#APE breaks weekly resistance line green for second time from November , I am expecting to see increase to first order block and 10US$. 🚀🚀🚀 Disclaimer: This information is for general knowledge and informational purposes only, and it is my own thoughts and does not constitute financial, investment, or other professional advice.

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Reference to my previous Hot News 🔥🔥🔥 you may ask How this might effect crypto market The significant increase in the US's share of the Bitcoin hash rate to over 40% could have several potential effects on the crypto market: Potential Positive Effects: Enhanced Network Security: A higher hash rate generally improves the security of the Bitcoin network, making it more resistant to attacks. This could increase investor confidence and potentially drive up demand for Bitcoin. Increased US Influence: The US's growing dominance in Bitcoin mining could enhance its influence on the future development and regulation of cryptocurrencies. Potential Negative Effects: Decentralization Concerns: Bitcoin's core principle is decentralization, meaning no single entity should have excessive control over the network. The US's significant share of the hash rate could raise concerns about centralization and potential risks to the network's long-term stability. Geopolitical Risks: A concentration of mining power in one country could expose the network to geopolitical risks, such as government regulations or potential conflicts that could disrupt mining operations. Competition and Regulation: The increased US influence could intensify competition among countries for control over the Bitcoin network, potentially leading to stricter regulations and a more challenging environment for the crypto industry. Overall Impact: The impact of the US's increased hash rate on the crypto market will depend on various factors, including the evolving regulatory landscape, geopolitical developments, and the overall market sentiment. It's crucial to monitor these factors closely to assess the potential implications for Bitcoin and the broader crypto market. Disclaimer: This information is for general knowledge and informational purposes only, and does not constitute financial, investment, or other professional advice.

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