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#BtcNewHolder
Welcome to the world of Bitcoin! If you have just become the owner of this cryptocurrency, a whole new financial space opens up before you. Bitcoin (BTC) is a decentralized digital currency that works on the blockchain. It is important to know how to properly store BTC in wallets (hot or cold), as well as how to manage your assets using strategies such as HODL or trading. Remember about price volatility and use diversification to reduce risks. Also, do not forget about taxes on cryptocurrency transactions.
As of today, December 24, 2024, the price of Bitcoin is 93,991.00 USD, which is 1.97% less than the previous close. Intraday price fluctuations ranged from 92,414.00 USD to 96,313.00 USD.
Welcome to the world of Bitcoin! If you have just become the owner of this cryptocurrency, a whole new financial space opens up before you. Bitcoin (BTC) is a decentralized digital currency that works on the blockchain. It is important to know how to properly store BTC in wallets (hot or cold), as well as how to manage your assets using strategies such as HODL or trading. Remember about price volatility and use diversification to reduce risks. Also, do not forget about taxes on cryptocurrency transactions.
As of today, December 24, 2024, the price of Bitcoin is 93,991.00 USD, which is 1.97% less than the previous close. Intraday price fluctuations ranged from 92,414.00 USD to 96,313.00 USD.
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#Zksync
ZKsync: Plans to Reach Over 10,000 Transactions Per Second by 2025
ZKsync, a zero-proof (ZK-proof) layer 2 (L2) solution, has announced an ambitious goal to reach over 10,000 transactions per second (TPS) and reduce transaction fees to $0.0001 by 2025. These steps are aimed at improving the scalability, security, and privacy of the Ethereum network, as well as creating a user-friendly environment.
Scaling and Cost Reduction
According to a roadmap published on December 12, ZKsync plans to significantly improve the performance of its technology. By the end of next year, the transaction fee for ERC-20 tokens will be reduced to $0.0001, and the network speed will exceed 10,000 TPS. These improvements will make ZKsync more competitive for blockchain developers and Ethereum users.
Development of Elastic Network and ZK Stack
As part of ZKsync’s development strategy, it focuses on improving Elastic Network and ZK Stack, which are intended to become the main tools for building decentralized applications. They will help accelerate the adoption of Web3 and improve the usability for developers.
ZKsync: Plans to Reach Over 10,000 Transactions Per Second by 2025
ZKsync, a zero-proof (ZK-proof) layer 2 (L2) solution, has announced an ambitious goal to reach over 10,000 transactions per second (TPS) and reduce transaction fees to $0.0001 by 2025. These steps are aimed at improving the scalability, security, and privacy of the Ethereum network, as well as creating a user-friendly environment.
Scaling and Cost Reduction
According to a roadmap published on December 12, ZKsync plans to significantly improve the performance of its technology. By the end of next year, the transaction fee for ERC-20 tokens will be reduced to $0.0001, and the network speed will exceed 10,000 TPS. These improvements will make ZKsync more competitive for blockchain developers and Ethereum users.
Development of Elastic Network and ZK Stack
As part of ZKsync’s development strategy, it focuses on improving Elastic Network and ZK Stack, which are intended to become the main tools for building decentralized applications. They will help accelerate the adoption of Web3 and improve the usability for developers.
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#MarketRebound
On December 18, the US Federal Reserve cut its benchmark interest rate by 25 basis points. Fed Chairman Jerome Powell said the pace of rate cuts would slow in 2025. The move coincided with a correction in the cryptocurrency market, dampening investor optimism about Bitcoin’s rise through the end of the year.
Powell also rejected President-elect Donald Trump’s proposal to create a national reserve in Bitcoin. This further dampened expectations of institutional support for cryptocurrencies.
Risks and volatility at the end of the year
The largest-ever cryptocurrency options expiration (over $14 billion) is expected on December 27, which could lead to high volatility. Market participants are actively hedging risks in the price range of $90-100 thousand for #BTC
Despite short-term volatility, institutional interest makes Bitcoin a promising asset. Investors are closely monitoring the market, waiting for opportunities for profitable purchases.
On December 18, the US Federal Reserve cut its benchmark interest rate by 25 basis points. Fed Chairman Jerome Powell said the pace of rate cuts would slow in 2025. The move coincided with a correction in the cryptocurrency market, dampening investor optimism about Bitcoin’s rise through the end of the year.
Powell also rejected President-elect Donald Trump’s proposal to create a national reserve in Bitcoin. This further dampened expectations of institutional support for cryptocurrencies.
Risks and volatility at the end of the year
The largest-ever cryptocurrency options expiration (over $14 billion) is expected on December 27, which could lead to high volatility. Market participants are actively hedging risks in the price range of $90-100 thousand for #BTC
Despite short-term volatility, institutional interest makes Bitcoin a promising asset. Investors are closely monitoring the market, waiting for opportunities for profitable purchases.
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Panic attack
#ZkSync " data-hashtag="#ZkSync" class="tag">#ZkSync
demonstrates the classic dynamics of the altcoin season: impulsive growth (+11%) with reaching a local max
at 0.1901, followed by a correction to test the support zone.
What could happen next?
1. Bullish scenario (break 0.1901): If the price breaks the resistance level, a rally to 0.1950 or even 0.2000 will begin. This will confirm the presence of a strong trend with the possible involvement of the FOMO effect.
demonstrates the classic dynamics of the altcoin season: impulsive growth (+11%) with reaching a local max
at 0.1901, followed by a correction to test the support zone.
What could happen next?
1. Bullish scenario (break 0.1901): If the price breaks the resistance level, a rally to 0.1950 or even 0.2000 will begin. This will confirm the presence of a strong trend with the possible involvement of the FOMO effect.
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To be nervous or to wait)
#ZkSync " data-hashtag="#ZkSync" class="tag">#ZkSync
Brief analysis of the graph #ZkSync " data-hashtag="#ZkSync" class="tag">#ZkSync
1. Trend:
• Price increase after the support level of 0.0800.
• Recently reached a local peak at 0.2950, after which a correction began.
2. Key levels:
• Support level: ~0.1481.
• Resistance level: ~0.2269 (the current pullback is happening from this level).
Brief analysis of the graph #ZkSync " data-hashtag="#ZkSync" class="tag">#ZkSync
1. Trend:
• Price increase after the support level of 0.0800.
• Recently reached a local peak at 0.2950, after which a correction began.
2. Key levels:
• Support level: ~0.1481.
• Resistance level: ~0.2269 (the current pullback is happening from this level).
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