SPX: A must-hold level.
SPX formed a rising wedge[A bearish pattern] and SPX slowly dropped to its support.
If SPX is able to hold the support; We may see a bounce and SPX will break the descending resistance again🚀.
And if SPX breaks below the rising wedge support, We may see SPX dropping toward the 3780 Demand zone📉.
😱@Market
During the first 7 weeks of 2023, the bitcoin network processed transfers totaling $850 billion. The last week has hit a record ($130 billion).
@bitcoins
In the halving cycles, Bitcoin is moving from disillusionment to enlightenment.
Historically, this phase is already pretty good, but without ATH so far.
@Coach
Paraguay, one of the smallest countries in Latin America, is quickly becoming one of the largest Bitcoin mining hubs.
Detailed article on the same: https://hashrateindex.com/blog/bitcoin-mining-around-the-world-paraguay/
@bitcoins
Wyoming lawmakers approve bill prohibiting forced disclosure of Bitcoin private keys.
https://twitter.com/bitcoinmagazine/status/1626212072836194306
@bitcoins
While Bitcoin’s correlation with risk assets has weakened in 2023 stabilizing around .5, its correlation with safe-haven gold has risen to its consistently highest levels in over a year.
@Bitcoins
The public bitcoin miners have released their production updates for the first month of 2023, revealing continuous hashrate expansion and significant growth in bitcoin production from the previous month. By Hashrateindex.
@bitcoins
Jeff Currie, Global Head of Commodities Research at Goldman Sachs, identifies Bitcoin's asset class in the broadcast of Bloomberg.
"It is a commodity [since] commodities do not have liabilities."
@bitcoins
#BTC
https://www.tradingview.com/x/NBHRTcnE/
This whole area is a range and BTC swept some lows as it was expected for a while and seems to be forming a descending channel which is a bullish pattern normally ending with a double bottom showing some bullish divergence...
As long as it remains inside channel it's okay and should be a bullish consolidation!
Red path is the one you don't want to see BTC following... Orange is the one I mentioned above with double bottom and still with the possibility to sweep more lows tapping liquidity.
@Bitcoins
SEC charges Mormon Church for hiding its $32 billion secret investment portfolio.
@bitcoins
This is how El Salvador's Chivo Bitcoin ATM looks like.
Fee: 0.6% for purchase, 0.2% for sale.
@bitcoins
CleanSpark, a bitcoin mining company, continues to gobble up hardware.
The company bought 20,000 latest-generation machines from Bitmain, the world’s top mining hardware maker.
It’s been a busy bear market for CleanSpark, as Catarina notes. Its hardware fleet now stands above 46,000 units.
CleanSpark said last week during its earnings call that it plans to keep buying new machines and sites as it looks to reach its end-year guidance of 16 EH/s, which it cut from 22.4 EH/s in December.
@bitcoins
Nigerians revolt at the Central Bank after it declared old currency notes no longer legal tender.
Bitcoin is the solution?
@bitcoins
Bitcoin Halvings Roadmap 👆🏼
Despite the fact that the last Bitcoin will be mined in 117 years, $BTC circulating supply will exceed 93.7% during the nearest 2024 halving.
@Bitcoins
"It took $BTC 6 months to get 1,000 users; 5 years to find 1 million users.
Today, 14 years from inception, it has 300 million+ users, 4% of the world.
At current growth rates, 1 billion users will be hit in the next 3 years. That's 12% of the world."
©️ Willy Woo, Bitcoin analyst
@Bitcoins
PayPal held $604M of customers' crypto as of year-end 2022, according to its annual report to the U.S. SEC.
$BTC: $291million
$ETH: $250 million
$LTC & $BCH: $63 million
At the end of September 2022, the company held $690 million in crypto.
@Bitcoins
₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Mississippi Senate passes historic bill protecting #bitcoin mining 🇺🇸
“It shall be legal in the State of Mississippi to run a node for the purpose of home digital asset mining” and “operate a digital asset mining business”
https://twitter.com/DocumentingBTC/status/1623674546980106241
@bitcoins
🔹Pairs: GFT/USDT and GFT/BTC
🔹Deposit: now open (network: BEP20)
🔹Trading: 10:00 AM on February 13, 2023 (UTC)
https://twitter.com/kucoincom/status/1623987341319884801
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LocalBitcoins will discontinue its service
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@bitcoins