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Current state of the market in our weekly overview. Data from: dropstab.com #BTC #BNB #ETH #Marketupdate

Current state of the market in our weekly overview.

Data from: dropstab.com

#BTC #BNB #ETH #Marketupdate

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Pi Cycle Top Indicator by Looking into Bitcoin 1⃣ Price is struggling to break through a crucial level (350DMA x2), as seen in previous cycles. 2⃣ There is still a significant gap between two critical marks (350DMA x2 and 111DMA), indicating potential for movement. What it means: We've reached a point when anything could happen next. Keep an eye out and stay prepared! Stay smart and prepared! 🚀
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Breaking: In order to save electricity, Paraguay pauses bitcoin mining ❌ 🚨 MAJOR NEWS FROM PARAGUAY: Notice of New Bill #Paraguay 🇵🌾 is leading the way in the cryptocurrency space. Their goal is to put an end to the issue of illicit #cryptomining stealing electricity and resulting in blackouts. The Problem? Theft of electricity Unauthorized use of electricity by some crypto mining reduces the amount of power available to other users. How Is Paraguay Advancing? Outlawing Items: They oppose both cryptocurrency trade and holding, including Bitcoin mining, for the time being. For For How Long? 180 days, or until a comprehensive set of regulations is formulated. This is an attempt to address the electrical issue and restore equity. Watch this space for further updates! 💬 How Do You Feel? Is Paraguay's idea a good one? Tell us in the comments below! ✇️
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Summary of Crypto News: 1️⃣ #Bitcoin's price fluctuates a lot, therefore experts predict it may not hit $50,000 again anytime soon. Two weeks prior to a significant occurrence that often affects its worth, this is taking place. 2️⃣ After a major update known as #Dencun, the quicker parts of Ethereum, known as Layer 2 chains, are being used a lot more, with roughly 32 million transactions in a week. This is the second time in two days that 3️⃣ #Solana has experienced issues managing all of the transactions on its network. 4️⃣ #Coinbase, a marketplace for digital currency purchases and sales, prevailed in court, claiming it handled cryptocurrency transactions correctly. 5️⃣ $XRP is a digital currency that is being purchased increasingly by Grayscale's large fund, which makes investments in several cryptocurrencies. 6️⃣ #Genesis, a business, sold a large amount of a certain type of Bitcoin investment and then purchased $2.1 billion worth of Bitcoin. 7️⃣ Despite selling some #Bitcoin, digital money-focused investment firm Pantera Capital achieved a 66% profit in the previous quarter. 8️⃣ #India’s central bank will allow nonbanking businesses to accept payments, facilitating money transfers. $9️⃣ #Uniswap has processed $2 trillion in trades, allowing users to exchange various digital currencies. 🔖 The SEC found #TerraformLabs and its co-founder, Do Kwon, guilty of violating several laws in a court action.
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