‼️Cycle 2020: May 10th 2020 Bitcoin Halving => Bitcoin took 60 days ranging But price still hold in the range of [Electricity cost - Total production cost] for whole summer 2020
I still remember that time Alts suffered so hard.
‼️Cycle 2024:
Similarities are still happening Also eyes in The day 70 after halving, shock supply liquidity will start effecting on price. $BTC $ETH $SOL
1. May Retail Sales data - Tuesday 2. Stock Market Closed, Juneteenth - Wednesday 3. June Philly Fed Manufacturing Index - Thursday 4. S&P US Manufacturing/Services PMI data - Friday 5. May Existing Homes Sales data - Friday 6. A total of 10 Fed speaker events this weeks
Jane Street, a prominent trading firm, has reportedly taken a short position in Bitcoin. This strategy involves betting on the decline of Bitcoin's price, indicating their anticipation of a downturn in the cryptocurrency market. Such a move reflects Jane Street's sophisticated approach to market analysis and risk management. By shorting Bitcoin, Jane Street aims to profit from falling prices, showcasing their ability to leverage advanced trading strategies in volatile markets. About Jane Street
(WORM) is the native token of the Wormhole project, a platform aiming to revolutionize how users interact with different blockchains. Here's a breakdown of Wormhole coin: What is Wormhole? Wormhole acts as a bridge, allowing seamless transfer of tokens and data between various blockchain networks. This interoperability unlocks exciting possibilities for DeFi users, developers, and investors: DeFi Users: Utilize their crypto holdings across multiple blockchains, expanding their DeFi opportunitie
Ethena $ENA Labs is shaking up the DeFi space with a two-pronged approach: a censorship-resistant synthetic dollar (USDe) and a novel "Internet Bond." USDe: A Stablecoin Built for the Future Unlike traditional stablecoins, USDe doesn't rely on centralized systems. Instead, it leverages staked Ethereum (ETH) and utilizes delta hedging to maintain a stable peg to the US dollar. This ensures transparency, scalability, and resistance to censorship, making USDe a powerful tool for DeFi users worldwi
A significant increase in demand for Bitcoin as spot Bitcoin ETFs purchased 3,535 BTC yesterday, which is considerably more than the 850 BTC mined by miners.$BTC