State of Bitcoin Price🤨

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Bitcoin Hits $65,000 Following Rate Cut Expectations 🚀

During his speech in Jackson Hole (Wyoming, USA), Fed Chair Jerome Powell stated that "the time has come for a rate cut." The pace of monetary policy easing will depend on economic indicators.

The next meeting is scheduled for September 18. Market participants are anticipating a 0.25% rate cut with a 67.5% probability, and a 0.5% cut with a 32.5% probability. 🧐

After Powell’s speech, Bitcoin experienced significant volatility. It first broke through the $62,000 level, then dropped nearly to $60,000, and subsequently made a remarkable leap to $65,000. The cryptocurrency has since corrected slightly and is currently trading around $64,000. 📈

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Bitcoin chart signals possible move to $68K 'extremely quickly' — Traders

Bitcoin traders are eyeing $68,000 if it can stay above $64,000, a level it has struggled to hold above after 20 days below.

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ARREST OF TELEGRAM CEO IS A THREAT TO FREEDOM - Vitalik Buterin Ethereum co-founder

#FreeDurov

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A Decade of Bitcoin Prices 📈🔍

Over the past decade, Bitcoin has seen a dramatic rise in its price, reflecting its journey from a little-known digital asset to a major force in the financial world. In 2015, Bitcoin was valued at $225.38, a modest amount showing its early stage of adoption. By 2016, the price had more than doubled to $578.16 as more investors became interested.

In 2017, Bitcoin's price soared to $4,387 during a major cryptocurrency boom, but by 2018, it settled at $6,707. Despite some ups and downs, Bitcoin continued to grow, reaching $10,365 in 2019 and $11,458 in 2020, even in the face of global economic challenges.

By 2021, Bitcoin hit $46,842, driven by large-scale investments and wider acceptance. Although the price dropped to $20,251 in 2022, it bounced back to $26,013 in 2023 and then skyrocketed to $62,313 in 2024. This ten-year journey shows Bitcoin's volatility but also its strength and growing role in finance.

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JUST IN: Toncoin $TON💵falls 20% after Telegram founder Pavel Durov's arrest in France.

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🐹 NEW: Hamster Kombat is launching its HMSTR token on the TON blockchain with a TGE and AirDrop set for September 26th.

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🥷 Crypto scams are evolving, shifting from long-running Ponzi schemes to quicker, more targeted pig-butchering scams: Chainalysis.

In 2024, the average scam lifespan has dropped to just 42 days, down from 271 days in 2020, reflecting this rapid adaptation.

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JUST IN: Elon Musk wins dismissal of lawsuit claiming he rigged Dogecoin and conducted insider trading.

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Solo miner wins $200K Bitcoin lottery with just 0.012% of hashrate

A solo Bitcoin miner operating as part of the Solo CK pool solved a block with just 0.012% of the average hashrate.

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Toncoin's market cap surged to $13.96 billion, reaching 1.1 million daily users, despite facing a sharp 25% drop following Telegram CEO Pavel Durov's arrest in France.

The event has raised concerns about market volatility, though some indicators suggest a potential rebound for $TON.

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🪦Approximately 30.7% of the entire #Bitcoin💰 supply has been inactive for more than 5 years.

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Since 2013, September has been the worst performing month for $BTC🚨

This means that #BTC could remain choppy in September🤔😕

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JUST IN : #Telegram 💰 holds $400M worth of cryptocurrencies on its balance sheet: Financial Times

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Crypto losses to hacks exceed $313M in August

Cryptocurrency hackers stole $313.86 million in digital assets in more than 10 cyberattacks in August, raising doubts about the broader acceptance of the asset class.

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JUST IN : Coinbase has conducted its first cryptocurrency payment between two Al agents.

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JUST IN : ❄️ TON Active Addresses Surpass Bitcoin and Ethereum🔼

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Photos and Videos in Telegram Ads

Advertising agencies can now include photos and videos in their ads.

The minimum budget is €20,000 per month for photo banners, €20,000 per month for videos, or €30,000 per month for both.

#ads #TelegramAds

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📉 Over the past year, the top 10 memecoins have taken a hit, with an average price drop of 63.73% from their all-time highs, according to Lookonchain analysts.

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✈️ Telegram reportedly generated over 40% of its 2023 revenue from crypto assets, including its integrated wallet and sales of collectibles, according to The Financial Times.

It's revenue in 2023 was $342 million with operating expenses of $108 million, a total loss of $173 million.

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Ethereum's Market Potential Compared to Tech Giants 💻🚀

The comparison becomes even more striking when looking at Apple, the world's most valuable company with a market cap of $3.5 trillion. If Ethereum were to reach this market cap, its price could skyrocket to $29,235, an 11.37x increase.

This illustrates the vast potential for price growth that Ethereum might achieve in the future, should its market cap grow to the level of these corporate giants.

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