Bitcoin flipped its old resistance into support as Tether’s market cap continues to grow rapidly in 2024.
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16/05/2024 – In a monumental victory, Botev Plovdiv FC triumphed over the former title owner Ludogorets FC to win the Bulgarian Cup at the Vasil Levski National Stadium in Sofia.
The exciting match ended with a score of 3:2, marking a significant achievement for the team who is now set to enter the Europa League’s qualification rounds.
In line with the club’s pioneering Bitcoin strategy to integrate Bitcoin into their operations, Botev Plovdiv FC will also begin offering bitcoin bonuses and educational sessions for players.
Botev Plovdiv FC, affectionately known as the Canaries, secured the Bulgarian Cup after an intense match against Ludogorets. Played in front of…
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American citizens, and perhaps citizens of the broader Western world, are nervous about the future.
Voters continually express wariness and pessimism about new and emerging technologies, from fears about self-driving cars to apprehension about the impact of AI. This pessimism naturally bleeds into the political realm, leaving more than four in five voters with the impression that “the tone and nature of political debate in the United States has become more negative in recent years.”
The chance for a change in political perspective — one that both supports technological development while also assuaging fears about said development — looks bleak. On the other hand, it may…
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BIGCAP COINS:
- Pepe: Market Cap of $4.3 Billion.
- Bitcoin: Market Cap of $1.3 Trillion.
- Toncoin: Market Cap of $23.2 Billion.
MIDCAP COINS:
- Pendle: Market Cap of $741 Million.
- Super Trump: Market Cap of $7.2 Million.
- Notcoin: Market Cap of $723 Million.
RISING COINS:
- Grok: Market Cap of $73.4 Million.
- PepeFork: Market Cap of $120 Million.
- MAGA VP: Market Cap of $27.5 Million.
Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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Ki Young Ju, CEO of CryptoQuant, indicated that the financial trajectory of Bitcoin shows a bullish signal. The market capitalization for Bitcoin is currently holding at the midpoint in the bull market cycle, taking steps farther than its realized value. It means a robust growing phase that is probably going to stick for at least another two years, marking a decade-long potential for Bitcoin in the crypto market.
Historically, these trends have remained intact for about two-year spans. The current trend in market cap of Bitcoin compared to its realized cap is a clear sign of the crypto’s consistent bullish trend. This pattern, if it sustains, shows a lively market in favor of investments and expansion in the cryptospace.
Going forward, estimates are that, if the trend continues as it is, the current bull cycle may end around the month of April 2025. It will be a strategic timeline within which all stakeholders can take advantage and add more value to Bitcoin, which is bound to remain at the top of the competitive digital currency sector.
Bitcoin is dishing out the bull signals on lower timeframes, but can BTC price action overcome key resistance?
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Bitcoin miners have spoken after the halving.
Many have said they are looking to wade deeper into the high-performance computing (HPC) space in a world of lower BTC rewards.
HPC proved an oft-heard acronym out of the mouths of industry executives in recent weeks as the segment’s companies reported first-quarter results — and more importantly, detailed future growth strategies.
Sure, miners continue looking to improve efficiency and reduce costs via upgrading hardware and mining algorithms, noted BlocksBridge Consulting founder Nishant Sharma.
But the per-block rewards drop from 6.25 BTC to 3.125 BTC on April 19 has kept companies focused on building out their ex-mining…
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This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription.
Bitcoin has for most of its lifetime been seen as a monetary network, whereby users can send and receive the native token BTC. Given the tremendous price appreciation since its inception in 2009, the monetary good also became a store of value — a means through which someone could store their valuable work hours so as to not have them debased and instead experience an increase of purchasing power rather than a loss.
Not all users are alike, however. Despite the popularity of these monetary narratives, some outcasts have used Bitcoin for all kinds of…
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Oklahoma passed a bill earlier this week that protects state residents’ right to self-custody digital assets.
The bill will go into effect on November 1, 2024.
OKHB3594 was signed into law by Governor Kevin Stitt. It was sponsored by four Republicans — State Senators Bill Coleman and Dana Prieto and State Representatives Brian Hill and Cody Maynard.
Under the bill, Oklahoma bans restricting or outlawing the use “or the self-custody of digital assets using a self-hosted wallet or a hardware wallet,” a page for the bill said.
Oklahomans can also mine crypto both at home and industrially, though they have to comply with local noise ordinances.
Read more: Crypto bill update:…
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In this report, I analyze the latest 13F filings of numerous institutional investors who declared holding Bitcoin ETFs and examine the largest holders. Key insights revealed from the analysis include:
A total of 782 institutions invested ~$10B into the Bitcoin ETFs
That represents an approximate 80/20 split between retail and institutional investors across all Bitcoin ETF holdings.
The largest institutional holders include Millennium Management, Horizon Kinetics and Schonfeld Strategic Advisors.
What Are 13F Filings?
Form 13F filings are quarterly reports required by the U.S. Securities and Exchange Commission (SEC) for large institutional investment managers…
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