#2024WithBinance 2024 has been the year to diversify my por | YProfit on Binance Square

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#2024WithBinance 2024 has been the year to diversify my portfolio and explore new altcoins on Binance. Keeping and eye on on market trends.

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#NFPCryptoImpact 🔥 NFP data as of January 10, 2025 PREVIOUS: 212K FORECAST: 164K ACTUAL: 256K! Forecasters completely missed the numbers, resulting in a green candle for DXY, pushing Bitcoin down to $93k, along with the entire market. How did your long positions perform?

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$BTC Timothy Peterson forecasts Bitcoin may hit $1.5 million by 2035 based on Metcalfe's Law, which states that a network's value increases with the square of its users, amid ongoing price volatility.

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#OnChainLendingSurge This is significant news for the cryptocurrency market. The surge in on-chain lending indicates a growing demand for decentralized financial services and a renewed confidence in the stability and security of these platforms.

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#BinanceMegadropSolv Before you proceed with megadrop. Solv Protocol serves as the on-chain Bitcoin Reserve with the goal of unlocking the full potential of over $1 trillion in Bitcoin assets. Thanks to Staking Abstraction Layer, SolvBTC, and SolvBTC.LSTs (Liquid Staking Tokens), Solv enables both retail and institutional investors to seize a variety of yield opportunities while maintaining liquidity by integrating Bitcoin into DeFi ecosystems effortlessly. Solv Protocol is supported by notable investors including Binance Labs, Blockchain Capital, Laser Digital, OKX Ventures, and others. Additionally, Solv Protocol has gone through thorough security audits conducted by leading firms such as Quantstamp, Certik, SlowMist, Salus, and Secbit.

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#BitcoinHashRateSurge Despite of reaching $BTC hashrate ATH. Concerns emerge regarding hashrate centralization. The accumulation of computational power within a limited number of mining pools has raised alarms among industry leaders. In October, Rajiv Khemani, co-founder and CEO of mining chip maker Auradine, expressed to Cointelegraph that the decentralization of Bitcoin is a matter of national security. The Auradine CEO cautioned that essential mining infrastructure, such as application-specific integrated circuits (ASICs), should not be produced in a single jurisdiction to mitigate supply chain risks. Khemani emphasized that no single country should dominate the majority of the Bitcoin network’s hashrate in order to maintain the decentralized currency's neutrality. The United States accounted for over 40% of the Bitcoin network’s global hashrate — the total computing power securing the Bitcoin protocol — at the close of 2024, with two US-based mining pools, Foundry USA and MARA Pool, accounting for over 38.5% of all blocks mined. In September, CryptoQuant founder and CEO Ki Young Ju noted that Chinese mining pools controlled 55% of the global hashrate, despite a 2021 ban on crypto.

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Global Markets Rebound As Bitcoin Surges Amid CPI Report

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