#BTC、 🔥🔥🔥🔥 #dump (Bitcoin's “Death Triangle” is narrowing) Bitcoin's current local growth is a dangerous "bull trap". You are all hoping that now we will finally fly to the Moon. This is a fatal mistake that will lead to terrible consequences. The current situation is luring optimists into a liquidity trap to continue the correction. Do not believe this ploy and stay away from long positions. Better yet, stay out of the market until things calm down. I wish you friends strength and patience to survive the coming storm. $BTC C #BTC🔥🔥🔥🔥🔥🔥 #BitcoinTips n #binance
1. The Bitcoin Halving event is only 13 days away. 2. After the first halving, Bitcoin's price increased by 9,900%. 3. After the second halving, Bitcoin's price surged by 2,900%. 4. After the third halving, Bitcoin's price went up by 700%. 5. We can't predict for sure how much Bitcoin will increase after this halving, but history shows significant price jumps following previous halving events.$BTC
#bullish $ENA guys, some people will tell you that don't be greedy, and sell now, these just want the price to go down and then buy, don't let them get into your head, and don't sell at just 1$, I know most of us will get 2×, but it could go way more up, I suggest a long term investment, it will go up, after a day or a week or maybe a month, but it will at least hit like 3× or 4× trust me you will thank me later guys Disclaimer: Includes third-party opinions. No financial advice. #Memecoins #BinanceLaunchpool #BullorBear
Tether’s Bitcoin Holdings Reach a Profit of $1,100,000,000
Tether, the company behind the world’s largest stablecoin, USDT, has seen its Bitcoin reserves jump in value by over $1 billion in recent months.
According to Chinese journalist Colin Wu, Tether currently holds 57,576 BTC worth around $2.4 billion, with an average purchase price of $22,480 per bitcoin. This means Tether’s Bitcoin stash has gained roughly 85%, or $1.1 billion, since its acquisition.
The rise in unrealized profit is primarily due to the surge in the price of BTC yesterday. Bitcoin breached $42,000 briefly before falling to its current price of $41,845. The coin has been up by 13.1% in the last seven days.
Tether announced plans to allocate 15% to Bitcoin purchases
Tether announced plans in May 2023 to allocate up to 15% of net realized profits into Bitcoin on an ongoing basis.
This dollar-pegged stablecoin issuer views Bitcoin as a strong long-term investment, despite its volatility. “Bitcoin has continually proven its resilience and has emerged as a long-term store of value with substantial growth potential,” stated Tether CTO Paolo Ardoino.
The stablecoin issuer likely boosted its Bitcoin stockpile to diversify its reserves beyond cash and cash equivalents. By holding BTC and other assets, Tether can shield its reserves from the loss of purchasing power during extended crypto downturns.
However, it is not just Tether that is enjoying a boost in profit. One of the largest institutional Bitcoin holders, MicroStrategy, saw its unrealized profit touch $2 billion when the price surged.
According to Saylor tracker, MicroStrategy’s 174,530 Bitcoin stack is valued at $7.32 billion. All-time profit currently stands at $1 995,478,120, with a 37.47% surge. #BTC #Tether