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🥇 Bitcoin reaches new all-time high of $70,000.

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More than $335 million have been liquidated (24h).

Longs: $178.07M/ Shorts: $157.16M

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⚡️⚡️⚡️⚡️⚡️⚡️: Blackrock CEO Larry Fink on live TV:

“Bitcoin 🥇 could be a great long-term store of value and If you are fearful of your goverment then it is the best cross border asset for you."

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According to Bloomberg, Bitcoin miners consumed a record 19.6 gigawatts of power last month, up from 12.1 gigawatts in 2023, with total consumption in 2023 reaching 121 terawatt-hours, similar to Argentina's energy usage.

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🤯 BlackRock's #Bitcoin ETF recently pulled in a MASSIVE $788m❗️

Smashed the previous record of $612m.

They will be taking in +$1 Billion a day soon 🔥

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This week, the US will release major inflation data, while CME predicts a 97% chance of the FOMC keeping interest rates unchanged on March 20.

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MicroStrategy announced that it has purchased 12,000 🥇 Bitcoins for approximately $821.7m in cash during the period between February 26, 2024 and March 10, 2024.

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💰 Bull Market Max and Average Correction :

2010-11: -51.28% | -18.41%
2012-14: -70.28% | -21.71%
2015-18: -32.93% | -10.93%
2018-21: -60.24% | -19.39%

2023: -19.11% | -5.47%.

In the current Bitcoin bull cycle, the market has witnessed relatively minor corrections, attributing to ETF buying pressure and hype so far.

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JUST IN: Michael Saylor says Bitcoin is going to "eat" gold and has all the great attributes of gold.

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🦊MetaMask is reportedly testing a blockchain payment card with Mastercard issued by Baanx, allowing users to spend crypto for everyday purchases worldwide.

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The US President, Joe Biden, unveiled his proposed fiscal year 2025 budget, which includes a crypto mining excise tax and addresses crypto in wash-sale rules.

These are similar taxes to those proposed last year, which ultimately weren't taken up by Congress.

However, according to the administration, these regulations could generate nearly $10bn in 2025 and north of $42bn over the next decade.

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💰 Bitcoin  on track to go up 7 months in a row for the first time in 12 years!

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🥇 Bitcoin has now hit all time highs all over the world 🌎

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According to the data, Bitcoin hit new all-time highs with trade volumes reaching $51bn.

Despite some profit-taking, liquidity on exchanges remains strong, reflecting robust market demand.

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After the 🔵 Ethereum Dencun upgrade this week, EIP-4844 will reduce L2 gas fees.

According to IntoTheBlock statistics, for a DEX swap, the gas fee for #Aribitrum will be reduced from $2.02 to $0.4, #Optimism will be reduced from $1.42 to $0.28, #Base will be reduced from $0.58 to $0.01.

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Good Morning @Cryptocurrency_Inside 👋

State of the Market:
🥇BTC - 73053$
🔵ETH - 4062$
📊SPX - 5175$

Our community is growing and there are a lot of new members.
Show your activity if you like the content and news.

Put - ❤️ and let's start the day

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🥇 Bitcoin hits new ATH
73,500$

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🌟 Ethereum's Dencun Update Arrives Today: Why It's a Game Changer 🌟

In just a few hours, the Ethereum network will undergo a significant upgrade with Dencun, an event poised to drastically reduce the costs of Layer-2 transactions. 🚀

Dubbed Dencun, this update incorporates nine Ethereum Improvement Proposals (EIPs), aimed at enhancing both the execution layer and the consensus layer for greater efficiency, scalability, and security. 💼

At the heart of the update is EIP-4844, which introduces "ephemeral data blobs," playing a crucial role in slashing fees for Layer-2 by boosting data availability. 👍

Before Dencun: 😑
- ETH: 18.75 USD
- ARB: 2.02 USD
- OP: 1.42 USD
- BASE: 0.58 USD...

After Dencun: 🙂
- ETH remains at 18.75 USD
- ARB drops to 0.40 USD
- OP goes down to 0.28 USD
- BASE falls to just 0.01 USD

This update represents a pivotal moment for Ethereum, promising a future where transactions are not only faster but also more affordable for users worldwide. 🌍 Let's dive into the Dencun era, where efficiency, scalability, and security take the forefront in the ever-evolving landscape of blockchain technology. 🛠️✨

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⚡️ Elon musk is calling US dollar 💵 a shitcoin

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