#Bittrex crypto exchange files for Chapter 11 #bankruptcy.

#Bitcoin continues to drop as to expected are and even go further below it. This crash was lead by #Bittrex Bankruptcy news, and currently, price tapped below to the rejection area and reacted over it. Bullish volume is drying, so an another leg down is expected till $26,900 - $26,970.

#SOL gave a close below candle and continues to push lower. Price reached out the strong flip level around around $20.00. Potential retest is in the way, for making resistance around $21.25 to continue push lower.

62.9% of all #Bitcoin transactions are now using #Taproot.

The real Use Case of #Bitcoin coming on the Top 👀

What is (#PBFT) Proof of Byzantine Fault Tolerance ?

Proof of Byzantine Fault Tolerance (#PBFT) is a consensus algorithm used in distributed systems to achieve #consensus among a network of nodes even in the presence of faulty or malicious nodes. It is specifically designed to handle #Byzantine faults, which refer to arbitrary and #malicious behaviors exhibited by nodes in a distributed network.

In #PBFT, a network of nodes forms a consensus group, and each node takes turns acting as a #leader. The consensus process involves a series of rounds where the leader proposes a value or a set of #transactions, and other nodes in the network vote on the proposed value. #Nodes communicate with each other to reach a consensus on the agreed-upon value.

To achieve Byzantine fault tolerance, #PBFT requires a minimum number of correctly functioning #nodes in the network. As long as a two-thirds majority of the nodes are honest and follow the #protocol, PBFT guarantees that the network can agree on a consistent value, even if some nodes are faulty or malicious.

#PBFT is often used in permissioned blockchain networks, where the participants are known and trusted, and the network operates in a more controlled environment. It provides fast finality, low #latency, and high throughput compared to other consensus #algorithms like Proof of Work (PoW) or Proof of Stake (PoS). However, PBFT requires a higher degree of network communication and is less suitable for open and #decentralized networks.

So, now you're wondering, I've never see any coin using this, Which coin uses this Consensus?

—> This is only the Hot Coin in 2016 - 2017 Bull-Run, which is #NEO Coin.

Here's the analysis of #XRP :

#XRP is been rejected sharply from strong resistance level at $0.479 - $0.484 and dropped till major support area around $0.420 - $0.424. Daily TF and H4 Voth respecting this level, so most likely a decent pullback gonna come till $0.444 resistance. Alternatively, candle close below, will be our setup, in anticipation of down move.

#BITCOIN WEEKLY UPDATE :

#BITCOIN is been hodling the support from daily TF and kinda rejecting now. On Daily TF, price is just consolidating between $26,880 and $28,600. Expecting the market to break above this area but a break-below chances are pretty high as of now. If this weekly candle closes bearish, then we can see the next weekly candle following too.

#LTC dropped to the zone as mentioned, and took a bounce over there too. Price not testing the resistance area and building a fresh resistance too. A potential lower low is expected from here otherwise we can see this range to play.

#CPI Numbers Coming Today, High Volatility Expected 📊

All the timing are in EST

$17.7M #USD earned through transactions fees, in a single day by miners. Also, we can see, these massive fees hikes comes nearby the top of the market.

Here's the analysis of #GALA :

#GALA is been broken below the strong area and now testing it as resistance around $0.0312 - $0.0327. Price kinda rejecting now, but we've to wait for the candle to close. A rejection will push down the price till support zone around $0.0244 - $0.0256. Take it accordingly 📉

#Bitcoin jumped yesterday, due to #CPI Data out but made a immediate correction in move back to lower support zones around $26,900 - $27,000. Price Rejected sharply and kinda consolidation now. Overall, is a no trade range, so better wait for the market to clear the direction.

#SOL gave a small drop after breaking the triangle formation, near about 7.3% in our favor. Price already tapped the support near daily TF and kinda rejected strong. Move stops at Breakeven and wait for further down-move 📉

There're some rumours that #US Government selling publicly Siezed #Bitcoins.

As per Glassnode data, there isn't any change

What is Eater Address ?

An #Eater Address, also known as a Null Address or #Burn Address, refers to a specific address in a #cryptocurrency network that is designed to be non-spendable and devoid of any #private key ownership. Transactions sent to an Eater Address effectively result in the #permanent loss of those funds because there is no way to access or #retrieve them.

Purpose :

Coin Burning: #Projects or individuals may intentionally send coins or tokens to an Eater Address, effectively #removing them from #circulation and reducing the total supply. This can be done to create #scarcity or to symbolize the destruction of coins.

Placeholder Address: Some blockchain #protocols use Eater Addresses as placeholders or reserved addresses for certain #functionalities within the network. These addresses act as markers or #indicators without the ability to receive or control any #funds.

Testing and Debugging: Eater Addresses can be utilized during #software development, #testing, or #debugging processes. Transactions sent to these #addresses can help identify #potential issues or verify the behavior of the network without #risking the loss of actual funds.

#TVK/BTC BUY/LONG CALL

Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀

Targets: 133-167-200-245 satoshi

Stop if 1D closes below 109 satoshi

#TVK/USDT BUY/LONG CALL

Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.

Targets: $0.0361-0.0475-0.0635-0.0820

Stop if 1D close below $0.0291