#BTC continues it drop and even goes below the zone, also pr

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#BTC continues it drop and even goes below the zone, also price pin precisely rejected the key area and turning the break into the fakeout. Well, this could be a reversal but have to see the news upcoming in NY Open Time. #BTC☀

#BTC continues it drop and even goes below the zone, also price pin precisely rejected the key area and turning the break into the fakeout. Well, this could be a reversal but have to see the news upcoming in NY Open Time.
#BTC☀ 

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🇺🇸 Donald Trump says "We want all the remaining #Bitcoin 💰 to be MADE BE MADE IN THE USA!"

What Is Scrypt? Scrypt is a password-based key derivation function (PBKDF) that was originally proposed as an alternative to other key derivation functions like PBKDF2 and bcrypt. It is designed to be more secure against specific types of attacks, particularly those that leverage specialized hardware like Application-Specific Integrated Circuits (ASICs) and Graphics Processing Units (GPUs). The main features and design goals of Scrypt are: 1. Memory-Hardness: Scrypt requires a large amount of memory to operate, making it resistant to attacks from custom hardware implementations like ASICs or GPUs, which have limited memory compared to their computational power. 2. Parallelization Resistance: Scrypt is designed to be inherently sequential, meaning that the computation cannot be easily parallelized, which limits the potential speedup from using multiple processing units or cores. 3. Key Stretching: Like other PBKDFs, Scrypt is used for key stretching, which involves deriving a long key from a short password or passphrase, making it more resistant to brute-force attacks. Scrypt is used in various cryptocurrencies, including Litecoin, Dogecoin, and Verge, as the key derivation function for their proof-of-work (PoW) consensus algorithms. By using Scrypt, these cryptocurrencies aim to make their mining process more accessible to regular computers and resist the centralization of mining power that can occur with specialized hardware like ASICs. While Scrypt was designed to be more secure against certain types of attacks, it is important to note that its security guarantees rely on the specific parameters used and the availability of sufficient memory resources. As computing power and hardware capabilities evolve, the effectiveness of Scrypt may need to be re-evaluated, and alternative memory-hard key derivation functions may be explored.

Bitcoin hit a new all-time high of $73,000 in early March, with long-term holders taking profits, creating an oversupply that led to a correction. As prices fell, seller exhaustion set in, allowing re-accumulation. Bitcoin ETFs saw net outflows in April, with a -$148M/day outflow at the $57,500 local low, signaling capitulation. However, the trend sharply reversed last week with a $242M/day net inflow, suggesting renewed buying demand. Notably, this ETF inflow dwarfs the $32M/day selling from miners post-halving, highlighting ETFs' significant impact compared to diminishing miner influence.

✅Elon Musk says he will ban all Apple devices at his companies "if Apple integrates OpenAI at the OS level." "It's ridiculous that Apple isn't smart enough to make its own AI, but somehow it can guarantee that OpenAI will protect your security and privacy!" #ElonMuskUpdates

🥇 BTC Price Action After Every FOMC Meeting in 2024. The next FOMC meeting is tomorrow, June 12th.

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