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๐Ÿš€ Bitcoin halving events always stir up excitement and curiosity among the crypto community! Changpeng Zhao (CZ) recently shared his thoughts on the dynamics and sentiments surrounding these milestones. ๐Ÿง Before a halving, conversations about BTC's price prospects and potential market impact dominate platforms. Some investors worry about the uncertainty, while others anticipate potential bullish trends. ๐Ÿ“ˆ A common misconception is that BTC's price will instantly double after a halving. But CZ's observations and historical data suggest otherwise. The real shift in price is observed in the following year, often resulting in multiple all-time highs. ๐Ÿ“Š However, it's crucial to remember that history doesn't predict the future in the volatile world of cryptocurrencies. Past patterns don't guarantee identical outcomes. Bitcoin's price is influenced by a complex ecosystem of factors, including macroeconomic conditions, technology, regulations, and adoption rates. ๐Ÿ” As the next Bitcoin halving approaches in April 2024, the crypto community eagerly awaits to see if past patterns recur, leading Bitcoin to establish new all-time highs, as CZ predicts. ๐Ÿค”๐Ÿ’ฐ

๐Ÿš€ Bitcoin halving events always stir up excitement and curiosity among the crypto community! Changpeng Zhao (CZ) recently shared his thoughts on the dynamics and sentiments surrounding these milestones. ๐Ÿง

Before a halving, conversations about BTC's price prospects and potential market impact dominate platforms. Some investors worry about the uncertainty, while others anticipate potential bullish trends. ๐Ÿ“ˆ

A common misconception is that BTC's price will instantly double after a halving. But CZ's observations and historical data suggest otherwise. The real shift in price is observed in the following year, often resulting in multiple all-time highs. ๐Ÿ“Š

However, it's crucial to remember that history doesn't predict the future in the volatile world of cryptocurrencies. Past patterns don't guarantee identical outcomes. Bitcoin's price is influenced by a complex ecosystem of factors, including macroeconomic conditions, technology, regulations, and adoption rates. ๐Ÿ”

As the next Bitcoin halving approaches in April 2024, the crypto community eagerly awaits to see if past patterns recur, leading Bitcoin to establish new all-time highs, as CZ predicts. ๐Ÿค”๐Ÿ’ฐ

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๐Ÿš€๐ŸŽ‰ Good news, Bitcoin enthusiasts! The US Senate has just passed a resolution to scrap a de facto ban that has been preventing banks from offering crypto custody services. This move has sparked cautious optimism among Bitcoin's most ardent supporters, despite the looming threat of a presidential veto. ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ’ผ The resolution, H.J.Res.109, disapproves of Staff Accounting Bulletin 121 (SAB 121), a guidance published by the SEC two years ago that critics argue makes it cost-prohibitive for banks to offer crypto services. ๐Ÿฆ๐Ÿ’ฐ The resolution sailed through the House of Representatives last week with a 55% majority and secured a 60/38 split in the Senate. However, it still lacks the strong majority needed to overturn a veto, which President Biden has promised to do. ๐Ÿ—ณ๏ธ๐Ÿ‘จโ€โš–๏ธ But don't lose hope just yet! Some believe that the Senate's decision could sway the administration's stance. Influential senators like Democratic caucus leader Chuck Schumer (D-NY) broke party lines to vote in favor, and Custodia Bank CEO Caitlin Long believes this could provide the political backing needed to push back against the SEC's crypto-hostile enforcement actions. ๐Ÿ›๏ธ๐Ÿ”„ This resolution marks a historic moment as the first purely crypto-focused legislation passed through both chambers of Congress. So, will Biden follow suit? Only time will tell! ๐Ÿ•ฐ๏ธ๐Ÿ”ฎ Stay tuned, Bitcoiners! ๐Ÿš€๐ŸŒ•
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๐ŸŽ‰ Buckle up, BTC enthusiasts! The Internet Computer Protocol (ICP) is making waves in the web3 space with its new roadmap for decentralized artificial intelligence (DeAI) and chain fusion! ๐Ÿš€ ICP, celebrating its third mainnet anniversary, has unveiled its Year 4 Internet Computer Roadmap. The roadmap encapsulates three years of progress and outlines key development areas to position ICP as the home of DeAI and the orchestration layer for the blockchain industry. ๐ŸŒ The DeAI roadmap envisions AI models trained to run on-chain, moving beyond the opaque black boxes that currently offer users no visibility on how their data is used. ICP's AI smart contracts aim to optimize inference engines, enhancing AI consistency, reliability, and responses. ๐Ÿง ๐Ÿ’ก ICP also aims to introduce first-of-its-kind use cases through these new AI models. Imagine ready-trained AI models traded as non-fungible tokens, AI smart contracts verifying Ethereum smart contracts' code, and web3 communities controlling AI models through decentralized autonomous organizations! ๐Ÿค– The chain fusion roadmap aims to facilitate direct interoperability with major blockchains like Bitcoin, Ethereum, Solana, and Ethereum Virtual Machines without intermediaries. This could solve liquidity fragmentation and tackle tribalism in the blockchain space. ICP's smart contracts could enable developers to create contracts spanning multiple chains. ๐ŸŒ‰ Since its mainnet launch in May 2021, ICP has had no downtimes, processed more than three billion blocks, and accumulated over $3 billion in total locked value. ๐Ÿ“ˆ So, keep your eyes on ICP as it continues to innovate and push boundaries in the blockchain space! ๐ŸŽฏ
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๐Ÿš€๐Ÿ“ˆ BTC enthusiasts, buckle up! After a quiet spell post-halving, Bitcoin may be ready to make some noise again! ๐ŸŽ‰ CryptoQuant has spotted a serious spike in the volume of stablecoins entering the market. These inflows often correspond with movements in Bitcoinโ€™s price, hinting at potential volatility ahead. ๐Ÿ“Š๐Ÿ’ฐ BTC has had a rocky ride since dropping below its 2021 all-time high of $69,044 in April. The initial excitement over US spot exchange-traded funds (ETFs) has cooled, slowing Bitcoin's climb. But don't lose heart! ๐Ÿ’”๐Ÿšซ Increased liquidity in the market, marked by a notable increase in stablecoin inflows, could be a game-changer. This influx can impact the supply and demand dynamics of Bitcoin, potentially leading to increased price volatility. ๐ŸŒŠ๐Ÿ’ธ In fact, Bitcoin had its largest single-day increase in nearly two months this week, surging by almost 8% to $66,400! This was spurred by contradicting US economic data, increasing the likelihood of the Federal Reserve easing monetary policy through rate cuts. ๐Ÿ“‰๐Ÿ’ต Crypto trading firm QCP Capital suggests that this bullish momentum could push BTC towards retesting its previous highs of around $74,000. ๐Ÿš€๐ŸŒ• Moreover, there's been a significant increase in buyers of 100-120k BTC Calls for December 2024, indicating growing confidence in Bitcoin's value. Institutional demand remains strong, with major asset managers like Millenium and Schonfeld allocating approximately 3% and 2% of their AUM into the spot Bitcoin ETF. ๐Ÿฆ๐Ÿ’ผ All these factors paint a bullish picture of BTCโ€™s potential breakout. So, is Bitcoin ready to soar again? Only time will tell! โฐ๐Ÿ”ฎ
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๐Ÿš€๐ŸŒ• Bitcoin (BTC) enthusiasts, get ready for some exciting news! Despite Ethereum's (ETH) historic Merge upgrade 19 months ago, it seems that the network's native asset is not keeping up with our beloved BTC! ๐Ÿ“‰ The ETH/BTC price ratio hit a three-year low on Thursday at 0.044, marking the least market dominance Ether has had against Bitcoin since May of 2021. ๐Ÿ“Š Why is this happening, you ask? ๐Ÿค” Well, many Ethereum bulls assumed that ETH would become a more enticing investment than Bitcoin after the September 2022 Merge. This upgrade introduced a proof of stake consensus mechanism and slashed ETHโ€™s inflation rate by a whopping 90%. ๐Ÿ’ฐ Despite these seemingly bullish properties, the ETH/BTC ratio has plummeted 45% since the Merge. This is particularly noteworthy considering the general bull market we've been enjoying for the past 18 months. ๐Ÿ‚ Crypto fund founder Joe McCann even tweeted that the dream of ETH's market cap surpassing that of BTC โ€“ known as "the flippening" โ€“ has turned into a nightmare. ๐Ÿ˜ฑ Recent technical advancements have allowed developers to bring applications to Bitcoin that were once unique to Ethereum and other more programmable chains. These include NFTs, trading runes, and a new framework for bringing smart contracts and layer 2 networks to the Bitcoin ecosystem. ๐Ÿš€ Moreover, Ethereum faces significant regulatory challenges. While Bitcoin spot ETF products were approved in January, experts believe an Ether spot ETF approval is unlikely. Most altcoins, including Ether, seem to be on the U.S. Securities and Exchange Commission's radar, potentially causing legal issues for exchanges and companies interacting with these assets. ๐Ÿ›๏ธ In conclusion, Bitcoin continues to dominate, with its total crypto market dominance now at 54.5%, compared to ETH's 15.1%. So, BTC lovers, keep your eyes on the prize and stay tuned for more updates! ๐ŸŽ‰๐ŸŽ‰
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