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➡️ Follow @Bitcoins to get latest news, Fundamentals and TA about bitcoin and the crypto market.
As the news of the Silicon Valley Bank failure hit, investors sought refuge in BTC and ETH. Approximately 0.144% of all BTC and 0.325% all ETH in circulation was withdrawn from exchange reserves, a similar self-custody response pattern to the FTX collapse.
@Bitcoins
Bitcoin’s record 67.7% of coins have not moved for more than 1 year.
These people must gladly sell you their $BTC somewhere around $500,000-$1,000,000 one day 😏
@bitcoins
The number of transactions in the Bitcoin mempool has surpassed three-year highs.
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Fiat currency is a promise from your government.
Account balance is a promise from your bank.
Bitcoin is a guarantee, verified by you.
@bitcoins
Bitcoin market depth on top CEXs hit its lowest level since May 2022.
@bitcoins
💱 Binance to convert the remaining of the 1 billion industry recovery funds from BUSD to Bitcoin, Ether and BNB.
https://www.theblock.co/post/219165/binance-converting-1-billion-in-busd-to-bitcoin-ether-and-bnb?utm_source=telegram2&utm_medium=social
@bitcoins
You think CZ should involve in rescuing banks?
📍 Follow @Coins for the hottest news in crypto.
A video explanation for those who do not fully understand in words what a mempool is 😅
For reference:
The mempool is where all the valid transactions wait to be confirmed by the Bitcoin network. A high mempool size indicates more network traffic which will result in longer average confirmation time and higher priority fees.
@bitcoins
US Bank stocks today:
Silicon Valley Bank -60%
Silvergate -42%
JP Morgan -5.4%
Bank of America -6.2%
Wells Fargo -6.1%
@bitcoins
When you have 5 minutes of free time, watch Wyoming Senator Cynthia Lummis defending Bitcoin mining energy use in Congressional hearing. A fascinating dialogue 👀
@bitcoins
Best-performing assets in the last decade.
$BTC 👑
@bitcoins
Missouri state committee passes bill protecting the right to run a node and mine Bitcoin.
https://twitter.com/bitcoinmagazine/status/1633140075675652096
@bitcoins
BTC correlation with European stocks is at its lowest level in over two years. BTC/Nasdaq correlation reaches second lowest level in over a year. Crypto starting to diverge from stocks.
@bitcoins
Textbook perfect Bitcoin "Bump & Run Reversal" bottom is back and the target is over $100,000.
You heard it here first. Well, whenever that happens! 😉
📍 Follow @Coins for the hottest news in crypto.
Global clothing brand GUESS now accepts Bitcoin payments in Lugano, Switzerland 🇨🇭
@Bitcoins
Banks are failing, and a record high 67.7% of all BTC has not moved on over 1 year.
The stage is set for a parabolic bull run unlike any other.
Hyperbitcoinization is here.
@bitcoins
❗️ IMF warned G-20 that widespread Bitcoin and crypto use could cause banks to "lose deposits".
One of those rare occasions when we wholeheartedly agree with IMF 😁
@bitcoins
🔑 The chance to randomly pick up a private key to someone’s Bitcoin wallet is equal to 0,00000000000000000000000000000000000000000000000000000000000000000000000000000086%.
It’s about the same as finding 4 specific grains of sand on Earth.
@bitcoins
📊 On March 9, the number of Bitcoin Ordinals Inscription minted exceeded 31,000, a new high, among which text minting gradually became the mainstream, with more than 26,000.
@bitcoins
SPX: Key level to hold and if SPX breaks below this support zone may dump SPX until the golden pocket support zone.
Watch the market.
😱@Market
Celebrating Bitcoin $BTC reaching $111 ATH back in 2013. A historic video.
@bitcoins
In just the span of 1 month, over 100k Bitcoin Ordinals were inscribed in a parabolic NFT minting frenzy that has brought attention to Bitcoin in a way it hasn’t seen in years. Ordinal theory ascribes a unique number to each satoshi and enables inscribing of metadata to each satoshi, functionally turning them into “NFTs”. The metadata can include pictures, gifs, and videos with a max size of 4MB, the upper limit for a Bitcoin block. Users inscribing metadata to specific satoshi units can fundamentally change Bitcoin's fungibility.
This added functionality has reignited the demand for Bitcoin block space. The average size of a block has increased from about 1.2 MB to 2 MB since the start of the year. Ordinals could be a godsend in ensuring the sustainability of the Bitcoin blockchain. As users pay to inscribe metadata, miners find a new, much-needed stream of revenue.
📍 Follow @Coins for the hottest news in crypto.
🙋🏻♂️ Tell me you are in El Salvador without actually saying you are in El Salvador.
💁🏼♀️ I can buy an ocean-view condo directly with Bitcoin, no need to cash it out first.
@bitcoins
Inflation rate:
Argentina 🇦🇷 98.8%
Turkey 🇹🇷 55.18%
Russia 🇷🇺 11.8%
UK 🇬🇧 10.1%
Italy 🇮🇹 9.2%
Germany 🇩🇪 8.7%
Euro Area 🇪🇺 8.5%
Mexico 🇲🇽 7.91%
India 🇮🇳 6.52%
USA 🇺🇸 6.4%
Brazil 🇧🇷 5.77%
Japan 🇯🇵 4.3%
Switzerland 🇨🇭 3.3%
China 🇨🇳 2.1%
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