Did the BTC/Gold ratio just find support?
Source: www.zerohedge.com
Bitcoin mining hashrate decreased -30% this week as a cold winter storm covered much of the United States.
Mining companies shut down voluntarily through demand-response programs, temporarily powering off machines to reduce electricity use and support the stressed power grids. Source: Documenting ₿itcoin 📄 @DocumentingBTC
Bitcoin dropped $2,500 in the last 5 hours and liquidated $400 million worth of longs.
More than $100 BILLION has been wiped out from the crypto market today. This is a low-liquidity Sunday evening dump. The real price action will come once the US market opens on Monday. Source. Bull Theory
Cathie Wood's Ark invest predicts digitalassets could reach $28 trillion by 2030, with Bitcoin dominating at $16 trillion by 2030.
Source: Cointelegraph
In exactly 50 days, Bitcoin's circulating supply will hit 20m.
At that point, there will only be 1m Bitcoin left to be mined. Forever. Source: Jesse Myers (Croesus 🔴) @Croesus_BTC
Bitcoin becomes King in Iran
As Iran’s currency collapses, Bitcoin is shifting from a theoretical hedge to a practical necessity. Hyperinflation in the rial is pushing citizens toward BTC as a store of value, while sanctions have made crypto an effective alternative to the traditional banking system. At the same time, Iran’s extremely cheap energy makes Bitcoin mining highly profitable, sustaining local supply that feeds sanction-bypassing channels. The combination of fiat collapse, sanctions, and energy arbitrage is driving a sharp surge in Bitcoin adoption and pricing relative to the rial. Source: Mario Nawfal
Bitcoin's longer term trend looks to be holding.
We haven't traded this much above the 50 day since all time highs... Source: The Market Ear, LSEG Workspace
We got a pulse... Long term bitcoin holders have started accumulating
Source: MAGS 🔑⛏️🚒 @Crypto_Mags
