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NEW: Short-term holders have offloaded 642,366
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Today is 🇸🇻 El Salvador Independence Day 🙌 El Salvador gained independence from Spain on September 15, 1821. 200 years later, it became the first country to adopt Bitcoin as legal tender. #Bitcoin #BitEagleNews
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Which crypto cycle are you on? First cycle: Lose all your money Second cycle: Get rich and start a crypto business Third cycle: Start a protocol Fourth cycle: Jail or retired
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If the Fed doesn’t cut interest rates next week, the U.S. interest expense could soar to $1.6 trillion by the end of 2024—exceeding even Social Security's annualized cost of about $1.5 trillion.
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NEW: The MVRV z-score of Bitcoin, a metric which shows by how many standards deviations the market value differs from the realized value, currently stands at approximately 1.5. This suggests that the price of Bitcoin is still undervalued relative to its fair value. #BitEagleNews #Bitcoin
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JUST IN: 🇳🇴 A Norwegian town experiences a nearly 25% spike in electricity rates for residents after the municipality shuts down a local Bitcoin mine. 👀 “We want industry that creates value - so no one thinks we want a new data centre.” #BitEagleNews #Bitcoin
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