🔥🔥🔥 Catch the $PEPE Bull Run? Analysts Forecast 300% Rally!

PEPE's trading volume recently jumped by 14%, sparking bullish sentiment and renewed investor interest. A massive transaction by a whale, moving 1.2 trillion PEPE tokens, has further fueled optimism for price growth, with experts eyeing a potential 300% midterm rally if current momentum holds.

Surge in Trading Volume Boosts Market Optimism

- In the past 24 hours, PEPE’s trading volume rose 14.13% to reach $791.15 million, inspiring fresh enthusiasm among buyers looking to capitalize on the recent price dip. This accumulation could set the stage for a significant rally, with PEPE possibly “knocking off a zero” from its price if momentum remains strong.

Whale Activity Sparks Anticipation

- On October 28, a whale transferred 1.2 trillion PEPE tokens (worth around $11.5 million), catching the market’s attention. Large transactions like this often signal heightened investor interest, hinting at potential price shifts as #Bitcoin’s influence lifts sentiment across the crypto market. For PEPE, this major transfer adds confidence and hints at a promising midterm rise.

- With rising volume and notable whale moves, PEPE appears well-positioned for a rally that could reach the predicted 300%. For investors watching closely, this could be the opportunity to join PEPE’s next big move.

#CryptoMarketTrend #BinanceSquareBTC #CryptoNewsCommunity #PepePricePrediction

💥💥💥 #bitcoindip Sparks $78K Target Prediction: Can $BTC Reach This Milestone?

The crypto market has seen a 5.68% drop today, falling from a peak of $2.418 trillion on Tuesday to $2.28 trillion. Amid this decline, Bitcoin has revisited the $69,300 level.

Bitcoin has dropped 5.84% from its 7-day high of $73,600, initiating a corrective rally. With Bitcoin hovering above the $68,000 threshold, will the leading crypto dip below this key level?

Bitcoin Tests Critical 4-Hour Support Level

- On the 4-hour chart, Bitcoin’s recent pullback tests a crucial support trendline within a rising channel pattern.

- This #BEARISH📉 correction began with a double-top pattern near $72,700, facing rejection above the $73,000 level. The neckline of this bearish pattern established itself at $71,600. After breaking through, Bitcoin returned to the support trendline, which aligns with the 38.20% Fibonacci retracement level, signaling a potential bullish reversal.

- For a sustained recovery, Bitcoin must break through the 50% Fibonacci level at $70,310. If successful, Bitcoin could challenge the $72,700 double-top peak. However, if Bitcoin falls below this support line, it could trigger a more substantial sell-off.
Key support levels to monitor in case of further decline are $67,500 and $65,000.

Analyst Ali Martinez Sets $78K Target

- Crypto analyst #AliMartinez remains optimistic despite the pullback, recently reiterating his analysis predicting a minor correction to $69,000. Martinez suggests that if Bitcoin stays above $65,000, a surge to $72,000 remains likely.

- He further forecasts that after a pullback to $69,000, Bitcoin could see an upward move toward $78,000. The 4-hour chart’s Fibonacci levels suggest the next all-time high around $75,620, with an extended rally potentially targeting $82,183, aligning with the 161.80% Fibonacci level.

#BinanceSquareBTC #CryptoMarketTrend

👉👉👉 Market Pullback? #BlackRock⁩ Bitcoin ETF Nets $318M Inflows

BlackRock’s spot Bitcoin ETF, the IBIT fund, remains a top choice among financial investors, drawing approximately $318 million in net inflows on October 31, even as Bitcoin's price slipped by 4% to $68,800.

This influx follows #IBIT ’s impressive performance on October 30, when it recorded $875 million in inflows, surpassing its previous high of $849 million. Weekly inflows for the fund now exceed $2 billion, according to Farside Investors data.

Meanwhile, Valkyrie’s BRRR fund saw nearly $2 million in new inflows on Thursday, contrasting with other ETFs that experienced notable redemptions. Fidelity’s FBTC ETF, for example, ended its two-week positive run with over $75 million in net outflows. Collectively, ETFs from ARK Invest/21Shares, Bitwise, VanEck, and Grayscale faced $213 million in redemptions.

Despite the varied performances, IBIT’s large inflows have helped US spot #BitcoinETFs maintain a positive trend, bringing in more than $30 million in new investments and marking the sector’s seventh consecutive day of net inflows.

Since its launch, IBIT has accumulated nearly $30 billion in assets, with half of that collected in the last month alone. Total Bitcoin held by US spot ETFs has now topped 1 million. Bloomberg ETF analyst Eric Balchunas noted that IBIT attracted more investor capital in the past week than any other ETF, surpassing long-standing funds like VOO, IVV, and AGG, all within less than ten months of launching.

#CryptoMarkets #BinanceSquareBTC

🚀🚀🚀 $BTC Price Hits $100K in #Canada : What’s Driving the Surge?

Bitcoin has surpassed C$100,000 for the first time, as reported by the Kraken exchange. This milestone comes as the Canadian dollar recently weakened against the U.S. dollar, following a 50-basis point rate cut by the Bank of Canada on October 23, bringing its value to 72 cents USD. Bitcoin's previous record in Canadian dollars, C$98,462, was set in March.

While #bitcoin☀️ reached a new peak of $72,692 on Bitstamp today, it has yet to hit an all-time high in U.S. dollars, remaining 1.5% below its previous peak. The #cryptocurrency’s record high of $73,737 was reached earlier this year amid excitement surrounding the launch of Bitcoin ETFs.

#BitcoinTrends #BinanceSquareBTC

🔥🔥🔥 Shiba Inu ($SHIB ) Approaches Golden Cross, $XRP Holds Key Support, and Bitcoin ($BTC ) Shows Resilience

Shiba Inu Nears Golden Cross, XRP Faces #BEARISH📉 Signs, Bitcoin Shows Strength

Shiba Inu (SHIB) Approaches Golden Cross

- SHIB is close to forming a golden cross, where the 50-day EMA crosses above the 200-day EMA, a traditionally bullish indicator. This pattern could drive buying interest if completed, especially as SHIB holds key support levels and gains momentum. While not a guaranteed rally, a successful golden cross could propel SHIB’s price in the near term.

XRP Battles Key Support Amid Death Cross Threat

- XRP hovers around critical support at $0.50 with the risk of a death cross (50-day EMA crossing below 200-day EMA) on the horizon. If support at $0.50 fails, further declines to $0.45 or $0.42 may follow. A death cross could deepen the bearish outlook, though a hold at $0.50 might signal sideways consolidation.

#bitcoin☀️ Holds Firm at Key Support Level

- Bitcoin tests the upper boundary of a long-term descending channel, potentially setting up a rebound. Strong support at $65,000 could serve as a springboard toward $73,000, while holding $62,800 (100-day EMA) is also crucial. If Bitcoin sustains these levels, it may continue its bullish trajectory. Traders will monitor these areas closely to gauge the strength of BTC’s potential recovery.

#CryptoMarketTrend #BinanceSquareBTC

🔥🔥🔥 #Bitcoin2024 Forecast: Will $BTC Soar to $125K or Drop to $40K? Experts Weigh In

Bitcoin's Future: Cautious Optimism Amid Mixed Forecasts and Slow Adoption Prospects

A recent October 2024 survey by comparison platform Finder offers insight into Bitcoin's projected value and adoption timeline, based on input from 28 crypto experts.

On average, panelists expect Bitcoin (BTC) to reach $77,636 by the end of 2024—a decrease from the $87,169 forecast in July. By year-end 2025, they see BTC at $113,364, and climbing to $282,238 by 2030, indicating cautious optimism for Bitcoin's long-term growth.

However, forecasts vary widely. Finder noted:

-The most optimistic panelists predict BTC could hit $125,000 by the end of 2024.

- On the bearish end, some see BTC dropping to $40,000 by year’s close.

Despite this range, a majority believes now is a good time to buy BTC. According to Finder:

- 61% of experts consider Bitcoin a buy at current prices.

- 32% advise holding, while only 7% suggest selling.

This shows confidence in Bitcoin’s potential despite short-term fluctuations. However, experts are less hopeful about BTC's broader adoption for daily purchases in developed countries. When asked about mainstream adoption in a place like the U.S., opinions were conservative:

- 32% said it might never happen.

- 21% expect it by 2030.

- 11% anticipate 2036 or later.

This cautious outlook highlights Bitcoin’s gradual adoption trajectory alongside anticipated long-term value growth.

#CryptoTrends2024 #BinanceSquareBTC #CryptoMarketTrend

🔥🔥🔥 3 Reasons Why Bitcoin ($BTC ) #hashrate Hits New ATH of Over 925 Eh/s

Bitcoin (BTC) Hashrate Growth: 3 Key Drivers

- Bitcoin's hashrate continues to rise, critical for network security and adoption. Despite increased mining difficulty post-halving, investments remain strong. Here are three factors that could push the BTC hashrate beyond its current all-time high of 925 EH/s:

1. Mining Profitability Potential:

- The BTC hashrate has grown 13% since the halving, with profitability improving due to higher transaction fees and a brief hashprice rally above $50 per PH/s. As Bitcoin's price rises, mining profits are expected to grow, motivating miners to invest in new equipment, driving further hashrate increases.

2. Natural Selection Among Miners:

- Mining remains volatile. Many less-capitalized miners were forced out during the recent crypto winter, allowing remaining miners to claim a larger share of rewards. This consolidation will encourage surviving miners to expand operations, boosting hashrate long-term.

3. Diversification into #AI Services:

- Bitcoin miners are now branching into AI, leveraging their infrastructure for data centers. Firms like Marathon Digital are investing in AI, providing new revenue streams and incentivizing them to scale mining operations, further increasing hashrate.

Conclusion: Growing profitability, consolidation, and diversification into AI services will sustain and boost BTC hashrate over time.

#CryptoTrends2024 #BinanceSquareBTC #CryptoMarketTrend

💥💥💥 #BlackRock⁩ Bitcoin ETF Attracts $329 Million in Net Inflows Despite Market Pullback

#IBIT Surpasses Major Competitors in Year-to-Date Inflows as Investor Confidence Rises

Key Takeaways:

- BlackRock’s iShares Bitcoin Trust (IBIT) saw a significant $329 million inflow despite a recent dip in Bitcoin prices.

- IBIT outpaced Vanguard’s Total Stock Market ETF in year-to-date inflows.

- US spot #BitcoinETFs have enjoyed seven consecutive days of net buying, totaling over $2.5 billion.

BlackRock's iShares Bitcoin Trust (IBIT) attracted around $329 million in new investments on Monday, despite Bitcoin's price dropping below $67,000. This marks a strong performance, with US spot Bitcoin ETFs continuing their seven-day winning streak, seeing net inflows of over $2.5 billion, according to Farside Investors data.

Fidelity’s Bitcoin Fund (FBTC) also recorded gains of $6 million on Monday. However, competing ETFs, including those from Bitwise, ARK Invest/21Shares, VanEck, and Grayscale (GBTC), faced redemptions totaling over $40 million, while other ETFs saw no inflows.

IBIT remains a top choice for investors seeking Bitcoin exposure, drawing in over $1 billion in net capital last week alone, accounting for half of US spot Bitcoin ETF inflows.

According to Bloomberg ETF analyst Eric Balchunas, IBIT has now surpassed Vanguard's Total Stock Market ETF in year-to-date inflows, ranking third overall just months after its launch.
As of October 18, IBIT's Bitcoin holdings are valued at $26.5 billion, based on updated data from BlackRock.

Despite recent price fluctuations, the continued interest in Bitcoin ETFs reflects strong institutional engagement, although upcoming US elections and global geopolitical tensions could introduce volatility.

Bitcoin hit a high of $69,500 on Monday before retreating below $67,000. It is currently trading around $67,674, down 2% in the last 24 hours, according to CoinGecko.

#CryptoTrends2024 #BinanceSquareBTC

🚀🚀🚀 Analyst Says #Shibalnu Will Surge to $0.00003260 Sooner Than Expected

Shiba Inu ($SHIB ) has seen a 34.36% price surge over the past month, making it the 13th-largest cryptocurrency by market cap, with only #Dogecoin‬⁩ performing better among the top 15.

SHIB is nearing a key resistance at $0.00002169, and analysts predict a breakout could drive further gains. Market analyst FOUR expects SHIB to rise to $0.00003260, a potential 71% increase, citing strong bullish momentum on the 1-week chart and a broader #Memecoin🤑🤑 cycle.

Mario Nawfal, founder of IBC, also praised SHIB’s performance, noting its brief leap past Avalanche to become the 12th-largest cryptocurrency. The meme coin sector has been thriving, with coins like Dogwifhat ($WIF ) leading the way, surging by 56% to $2.6. Despite #Bitcoin’s spike to $69,000 following ETF news, meme coins have drawn significant attention, appreciating by an average of 30% over the past five days.

With SHIB approaching its key resistance, the market is closely watching for a potential breakout and continued momentum in the meme coin sector.

#BinanceSquareBTC

💥💥💥 This Week in Crypto: $BTC Hits $68K, $XRP Lawsuit Developments, and #Memecoins🤑🤑 Take Center Stage

Crypto Market Weekly Wrap-Up: Uptober Rally and Key Developments

- The crypto market saw another eventful week, with Bitcoin (BTC) ending at $68K and meme coins making headlines with notable gains. Here are the top stories:

Bitcoin Holds at $68K, Institutional Interest Grows

- Bitcoin remained strong at $68K, supported by $2.13 billion in ETF inflows and bullish sentiment. Robinhood announced futures trading for Bitcoin and Ethereum, adding to the optimism. Japan's stimulus package, Tesla's $760 million BTC move, and major investments by firms like Galaxy Digital and Samara AG further fueled Bitcoin's positive outlook.

XRP Lawsuit Updates Spark Speculation

- In the ongoing XRP lawsuit, the SEC filed Form C for its appeal but did not challenge XRP's non-security status, boosting community confidence. Ripple announced partnerships with Uphold and Bitstamp for its RLUSD stablecoin, while XRP whales moved large amounts to exchanges. XRP closed at $0.54.

Meme Coins Shine

- Meme coins like Dogecoin ($DOGE ) saw impressive gains, with DOGE hitting $0.14 after Elon Musk’s $75 million donation to Donald Trump’s campaign and whale accumulation. Grayscale hinted at a DOGE listing. Meanwhile, Goatseus Maximus (GOAT) surged after a major exchange listing, and #Shibalnu (SHIB) saw its burn rate soar, alongside a new partnership for its financial layer.

#CryptoMarketTrend #BinanceSquareBTC #CryptoRally2024

👉👉👉 There may be one last chance to buy $BTC at ‘bargain’ prices: Rekt Capital

Investors may have a limited two-week window to seize a potential "bargain-buying" opportunity for Bitcoin before a pre-halving rally kicks off in February, according to pseudonymous trader Rekt Capital. In a post to their 349,000 followers on X, Rekt Capital outlined five stages of market action around the Bitcoin halving, which is scheduled for April. Previous halvings have seen a significant dip in the months before, offering favorable returns for investors. Rekt Capital suggests that Bitcoin's recent 18% retrace in January indicates a potential two-week period for another significant pullback, presenting a final opportunity before the pre-halving rally begins.

The pre-halving rally, occurring roughly 60 days before the halving event, involves short-term traders attempting to "buy the hype" before later "selling the news" around the time of the actual halving. Following the halving, there tends to be a period of sideways price action lasting around 150 days, with many investors being "shaken out" due to disappointment. Finally, Bitcoin enters the "parabolic uptrend" phase, experiencing accelerated growth after months of accumulation.

While Rekt Capital emphasizes the halving as a pivotal factor for Bitcoin's price action, not all market participants agree. Some experts argue that the halving is becoming less useful as a metric for judging #price action. Swan Bitcoin's chief investment officer, Ralph Zagury, suggests that "#liquidity " rather than the halving will play a more integral role in impacting Bitcoin's price in 2024. Zagury emphasizes that market flows are the driving force, stating that the halving, by definition, should not inherently impact price.

Please note that this information is based on the analysis and views of Rekt Capital, and opinions may vary within the crypto community.

Source - cointelegraph.com

#CryptoNews #BinanceSquareBTC

👉👉👉 #Ethereum Price Drops Over 10% But Bulls Are Not Done Yet

Ethereum surged towards $3,850 but faced a sharp downturn afterward, echoing Bitcoin's movements. However, #bullish activity near the $3,350 support zone has emerged.

Initially, Ethereum soared to a new multi-month peak surpassing $3,800, following Bitcoin's trajectory. #Bitcoin‬ reached a historic high above $69,000. Ethereum similarly breached the $3,800 mark before encountering selling pressure.

The downturn was significant, with the price plummeting over $500 and approaching the $3,200 support level. A crucial bullish trend line, previously offering support around $3,620, was breached on the hourly chart of ETH/USD.

A low was established near $3,211, but the price is now striving for a recovery. It has climbed back above $3,500, trading close to the 100-hourly Simple Moving Average.

Resistance on the upside is initially anticipated near the $3,550 level, followed by a major hurdle near $3,600 or the 61.8% Fib retracement level of the recent downward move. Subsequent significant resistance awaits near $3,680, which could potentially trigger bullish momentum towards $3,820.

If Ethereum successfully breaches the $3,820 resistance, it may aim for the $3,950 level, with further gains potentially leading to a test of $4,000.

Conversely, failure to surpass the $3,600 resistance could prompt another downward correction. Initial support is anticipated around $3,440, followed by a more substantial level near $3,400. Further downside could see Ethereum testing the $3,340 zone, with a clear breach potentially leading to a decline towards $3,220 or even $3,120.

Looking at technical indicators, the hourly MACD for ETH/USD is displaying a loss in bullish momentum, while the hourly RSI has dipped below the 50 level.

In summary, Ethereum's recent volatility and price movements indicate a precarious balance between bullish and bearish sentiment, with critical support and resistance levels shaping its trajectory.

Source - newsbtc.com

#CryptoNews🔒📰🚫 #BinanceSquareBTC $ETH $BTC

👉👉👉 #cardano Founder Charles Hoskinson Questions $ADA 's Absence From #grayscale Staking Fund

Cardano founder Charles Hoskinson recently expressed his surprise and disappointment regarding Grayscale's Dynamic Income Fund (GDIF) and its exclusion of Cardano (ADA) from its initial selection of assets. Grayscale, renowned for its #BitcoinETF and crypto investment offerings, introduced GDIF as its first actively managed fund, aiming to capitalize on the growing trend of crypto staking.

GDIF was launched to hold assets from nine blockchains initially, including Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL). The fund aims to distribute rewards in U.S. dollars quarterly, providing investors with exposure to multi-asset staking through a single investment vehicle.

However, Hoskinson's disappointment stemmed from the absence of ADA in GDIF's portfolio. His response to Grayscale's announcement on X was a simple "No ADA?" highlighting the importance of Cardano's staking mechanism in the blockchain ecosystem. Unlike Bitcoin's proof-of-work model, Cardano operates on a proof-of-stake consensus mechanism, where token holders can stake their assets to support network operations and validate transactions, earning rewards in return.
Despite Cardano's renowned staking option, Grayscale chose not to include ADA in their unique crypto fund, GDIF. However, it's worth noting that Grayscale has shown significant interest in ADA by considering it for two of its other funds.

For instance, Grayscale's GDLC fund includes a portion allocated to Cardano, alongside major cryptocurrencies like Bitcoin and Ethereum. Additionally, Grayscale's GSCPxE Fund holds a significant share in Cardano within its portfolio, alongside other prominent cryptocurrencies like Solana, Avalanche, Polkadot, Polygon, and Cosmos.

Source - coingape.com

#CryptoNews🔒📰🚫 #BinanceSquareBTC

🔥🔥🔥 Bitcoin Expected To Mirror Historical Trends: Glassnode Sets $120K Price Prediction For 2024

Bitcoin (#BTC🔥🔥 ), the leading #cryptocurrency , has experienced a notable downturn of 9% in the last fourteen days, primarily attributed to diminishing excitement around exchange-traded funds (#ETFs ). Despite this, Glassnode co-founders express optimism, suggesting that the recent price corrections align with historical patterns and may propel Bitcoin to nearly double its current all-time high (ATH) of $69,000.

In their latest analysis shared on social media platform X (formerly Twitter), the co-founders of blockchain analytics firm Glassnode point to Bitcoin's movement to the 6.618 Fibonacci Extension after a Bull Flag Correction. Drawing parallels between the current correction and market conditions in late 2017 and 2020, they raise the possibility of history repeating itself in 2024, potentially pushing Bitcoin to a target of around $120,000.

The analysis references a comparable price correction following Bitcoin's breakout above the $10,000 level, initiating a bull trend that led to a $15,000 increase and the ATH of $69,000. Similarly, after surpassing the $29,000 level, Bitcoin displayed a bull flag pattern, reaching a 22-month high of $48,900 on January 11. This surge coincided with the approval of Bitcoin spot ETFs by the U.S. Securities and Exchange Commission (SEC).

Bitcoin's future trajectory depends on maintaining support around $40,000 and consolidating above it. Glassnode co-founders suggest potential for a $120,000 price if these conditions persist. Analyst Crypto Con relies on historical patterns, anticipating new Bitcoin highs after November 28, 2024, with projected prices of $90,000 or $130,000. Currently, BTC trades at $40,590, down 2.5% in the past 24 hours, with potential support at $37,650 if breached.

Source - newsbtc.com

#CryptoNews $BTC #BinanceSquareBTC

#Bitcoinprice Consolidates Losses But Recovery Could Face Hurdles

Bitcoin's price continued its descent below the critical $65,000 support zone, signaling a further downturn. Currently, BTC is consolidating its losses and may attempt a recovery towards the $67,000 level.

The decline saw Bitcoin slipping below key support levels at $65,500 and $65,000, eventually testing the $64,500 region. At its lowest point, Bitcoin traded near $64,572 before showing signs of consolidation. While there was a minor uptick above $65,000, the price is still trading below $67,500 and the 100 hourly Simple Moving Average.

On the hourly chart of the #btc/usd pair, a notable bearish trend line is forming with resistance around $67,200. This trend line represents a significant barrier for any potential recovery efforts.

Near-term resistance levels include $66,000 and the key level at $67,200, aligned with a trend line. A decisive move above this zone could trigger an uptrend towards $67,950, the 50% Fibonacci retracement level. Further resistance is at $68,500, potentially pushing Bitcoin towards $70,000.

However, if Bitcoin fails to breach the $67,200 resistance, a continuation of the downtrend is likely. Immediate support awaits at $65,200, followed by the crucial level at $64,500. A close below $64,000 might intensify selling pressure, pushing Bitcoin towards the $62,500 support zone, with further downside risk towards $60,500.

Key technical indicators suggest a bearish sentiment, with the hourly MACD losing momentum in the bearish zone, and the hourly RSI dipping below the 50 level, indicating weakening bullish momentum.

In summary, Bitcoin faces significant resistance near $67,200, and a failure to overcome this level could lead to further losses, targeting support levels at $65,200 and $64,500. Conversely, a successful breakout above $67,200 could pave the way for a bullish recovery towards $70,000.

Source - newsbtc.com

#CryptoNews🔒📰🚫 #BinanceSquareBTC #cryptocurrency $BTC

🚨#BTCUSDT
both entry hit
SL at break even
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$BTC
#BTC #crypto2023 #BTC🔥🔥 #BinanceSquareBTC

🔥🔥🔥 #bitcoinpump prompts ‘#emergency ’ review of US #cryptominer energy use

Starting next week, the United States Department of Energy (DOE) is set to collect data on the energy consumption of U.S. crypto miners for the next six months. This initiative comes in response to concerns about a recent surge in Bitcoin's price, currently at $42,135, leading to an increased interest in crypto mining.

The U.S. Energy Information Administration (EIA) has initiated a survey to evaluate the electricity consumption of domestic crypto mining companies, requiring miners to disclose their energy usage details.

The Office of Management and Budget approved an emergency request from the EIA for a survey on crypto mining. The request, citing Bitcoin's recent 50% price surge, suggests that increased mining activity due to higher prices could lead to elevated electricity consumption.

Bitcoin's rise, as per Cointelegraph Markets Pro, was slightly over 18.5% in the three months leading up to January 24.

The Energy Information Administration (EIA) plans to collect public comments on crypto miners' energy usage. The survey aims to understand the evolving energy demand for cryptocurrency mining, identify areas of high growth, and quantify the sources of electricity used for meeting this demand.

The U.S. government is actively monitoring the crypto mining industry, prompted by a surge in mining activities following China's ban in 2021. Congressional hearings in 2022 raised concerns about energy consumption and emissions, leading to a call for the Environmental Protection Agency (EPA) to investigate the environmental impact of crypto mining in early 2023.

U.S. President Joe Biden proposed a 30% incremental tax on crypto miners' electricity costs last year to reduce mining activity in the country.

In 2021, global Bitcoin miners used a record 121.13 terawatt-hours of electricity, surpassing Belgium's 2022 consumption of 93.8 terawatt-hours. The IEA anticipates mining consumption to hit 160 terawatt-hours by 2026.

Source - cointelegraph.com

#CryptoNews #BinanceSquareBTC

🛑🛑🛑 BTC UPDATE

Hey everyone! $BTC  just dropped like I said it would! 📉 But if you've been following, you were ready. That's how our analysis works! 🔍✨

🥳 Good news! If you listened, you're safe. We saw this coming and acted early. That's what our community is about - being prepared. 🚀

Remember when I mentioned the drop with BTC at $67,300? Now it's at $63,000! 😂🔥 It's not magic, just smart analysis. No one else gives you this insight. I dare you to find it! 🤝

👀 BTC is at $63,000 now, testing support. If it breaks, we might see $61,500 - $60,500. Stay alert! 🛡️

We've been right so far. Stick with us, and let's handle this volatility like pros. Together, we're strong! 🔥🚀

Stay tuned for more updates. In this community, we watch out for each other and stay ahead! 🌐💪

#HotTrends  #BTC  #TrendingTopic  #BinanceSquareBTC  #Write2Eam

🚀🚀🚀 #Bitcoin‬ Shoots Above $73K, Tumbles to $69K, Rebounds to $71K, Triggering $360M in Crypto Liquidations

The #cryptocurrency market experienced a sudden surge in volatility on Tuesday, with Bitcoin (BTC) reaching a record high above $73,000 before swiftly declining by nearly 6%. Despite this dip, Bitcoin managed a modest rebound.

As of the latest update, Bitcoin was trading at $71,150, marking a 2% decrease over the past 24 hours, which still outperformed the 3% drop seen in the CoinDesk 20 Index (CD20).

Ether ($ETH ) also saw a 2% decline, while Ripple ($XRP ), Dogecoin, and Litecoin ($LTC ) experienced more significant tumbles, ranging from 6% to 8%.

Among the CoinDesk 20 constituents, Avalanche's native token (AVAX) stood out as the sole notable gainer, surging by 15% for the day.

The heightened volatility led to the liquidation of over $360 million worth of leveraged derivatives positions across all cryptocurrencies, predominantly impacting long positions speculating on price increases, according to CoinGlass data. This marked the largest liquidation event for long positions since the correction on March 5.

In a market update on Tuesday, crypto investment services firm Matrixport highlighted signs of waning momentum in Bitcoin's rally.

The report pointed out a divergence between Bitcoin's high prices and a declining Relative Strength Index (RSI), a popular momentum indicator based on the velocity and magnitude of price changes.

Matrixport analysts suggest a consolidation phase for Bitcoin despite bullish sentiment, noting a discrepancy between decreasing RSI and high prices. The $69,000 level could serve as short-term support. U.S. inflation data for February exceeded expectations, potentially affecting Fed rate decisions. Aurelie Barthere of Nansen.ai downplays the impact on cryptocurrencies, expecting #bullish momentum to outweigh short-term factors and Fed rate cut expectations to remain intact.

Source - coindesk.com

#CryptoNews🔒📰🚫 #BinanceSquareBTC

$SUI (UPDATE)
We continue with a profit of over 10% in just one day. Our formation has materialized, and the chart levels are our targets. Stay tuned, friends.

@cryptobreakout_trader #crypto2023A #BinanceBlockchainWeek #BinanceSquareTalks #BinanceSquareBTC $BNB $ETH