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Word of the day BinanceSeson , all words right 100% 3️⃣BTC 4️⃣YEAR 5️⃣DAILY 6️⃣REVIEW _ SEASON _ REWARD _ UNWRAP 7️⃣FESTIVE _ OFFLINE _ MEETUPS 8️⃣GIVEAWAY _ DISCOVER _ SURPRISE _ DECEMBER _ CALENDAR
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Word of the day BinanceSeson , all words right 100% 3️⃣BTC 4️⃣YEAR 5️⃣DAILY 6️⃣REVIEW _ SEASON _ REWARD _ UNWRAP 7️⃣FESTIVE _ OFFLINE _ MEETUPS 8️⃣GIVEAWAY _ DISCOVER _ SURPRISE _ DECEMBER _ CALENDAR
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Bitcoin Countdown: Less Than 1.2 Million BTC Left to Mine $BTC The clock is ticking on Bitcoin's total supply. According to Bitcoin historian Pete Rizzo, there are now officially less than 1.2 million BTC left to be mined. Rizzo’s observation highlights Bitcoin's defining feature — its scarcity, which is a key factor in its value proposition. As the supply dwindles, the potential for increased demand could drive its price higher. Bitcoin's total supply is capped at 21 million coins, a design set by its pseudonymous creator, Satoshi Nakamoto. With 19.8 million BTC already mined, the remaining 1.2 million represents less than 6% of the total supply. The Bitcoin halving event, which occurs every four years, reduces the already limited supply even more. During a halving, the reward for mining new blocks is reduced by half, slowing the rate at which new Bitcoins enter circulation. The next Bitcoin halving is projected to occur on April 17, 2028, at a block height of 1,050,000. When this happens, the Bitcoin block reward will be slashed to 1.5625. The last Bitcoin halving occurred on April 20, 2024, at block height 840,000, with the Bitcoin block reward halved from 6.25 to 3.125. With less than 1.2 million BTC left to mine, experts predict that the last Bitcoin will be mined around 2140, based on the current pace of block production and the halving schedule. This long-term horizon guarantees that Bitcoin's scarcity will remain a distinguishing quality for decades to come. What's next for Bitcoin price? According to CryptoQuant, the Coinbase (NASDAQ:COIN) Premium indicator has plummeted to -0.221%, marking the fifth time since late May. This drop indicates reduced buying pressure from U.S. investors compared to Binance investors. #MarketRebound
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Word of the day BinanceSeason all words right 100% 3️⃣BTC 4️⃣YEAR 5️⃣DAILY 6️⃣REVIEW _ SEASON _ REWARD _ UNWRAP 7️⃣FESTIVE _ OFFLINE _ MEETUPS 8️⃣GIVEAWAY _ DISCOVER _ SURPRISE _ DECEMBER _ CALENDAR
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Ripple Whale Shifts $132M in XRP, What’s Happening? $XRP A massive Ripple whale transaction involving 60 million XRP, valued at approximately $132.2 million, was recently observed on the blockchain. In this case, both the sender and receiver wallets remained unidentified. Thus, the transaction has sparked speculation about its purpose. Ripple Whale Makes Big Move Some analysts suggested that the Ripple whale could represent an over-the-counter (OTC) sale, which typically avoids immediate market impact as it is carried out via an offline mode. Others believe it could be a portfolio adjustment by a large holder, commonly referred to as a whale. What’s Next For XRP Price? Prominent crypto analyst Brett, known for his insights shared on X (formerly Twitter), highlighted that XRP has broken out of a symmetrical triangle pattern. He urged investors to remain optimistic despite the recent downturn. “Surviving the XRP bear market was the hard part. Don’t let this bull market shake you out now,” Brett emphasized. Brett’s technical analysis suggests that XRP could experience a significant upward trajectory if bullish momentum takes over. He identified a crucial support range between $3.62 and $4.30. A sustained breakout above this level could potentially propel the token toward $5.73, marking a substantial rally. Market observers are closely monitoring the transaction’s implications. If the funds re-enter circulation or are used in significant trades, it could influence short-term market volatility. On the other hand, an OTC deal would likely have minimal immediate impact.
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