NEW: 🟠 Bitcoin analyst seems to believe there could be a capitulation event in the horizon should Bitcoin ETFs not be approved before January 10th 👀

"Slightly concerned about the declining hash rate and Bitcoin miner balance, which is dropping quite extensively.

The mining pools that are reducing the balance are MaraPool, F2Pool, and Poolin, by about 13k BTC in the past few weeks.

This doesn't mean they have sold; in fact, barely any Bitcoin has been sent to exchanges. So it's most likely wallet re-shuffling.

But we are seeing a notable drop off in hash rate, roughly 10% already in the past 5 days.

If we get an ETF denial or (bad news), and the hash rate continues to drop, with a serious amount of leverage below these price levels, a potential miner capitulation/cascade is on the cards.

Maybe, shorts will pile in, and then we get the meaningful correction/bottom."

- James Van Straten

🟠 This is how the Bitcoin chart should be looked at – zoomed out 📈

JUST IN: 🟠 Bitwise to seed its spot Bitcoin ETF with $200M 🤯

🟠 Satoshi-inspired rap by a random Bitcoiner 🎙

NEW: 🇺🇸 Celsius' restructuring plans for ⛏ Bitcoin mining have been approved by the US Bankruptcy Court for the Southern District of New York 🧐

NEW: 🟠 Bitcoin analyst highlights that despite the horrendous day for Bitcoin Mining companies the overall 2023 has been very good for the industry 💪

"Bitcoin miners getting walloped.

Reminder: it’s the last trading day of the year, gains are being realized. An equal weight $BTC miner index is +387% in 2023.

Chill."

- Dylan LeClair

NEW: 🇨🇦 Canadian Bitcoin  ⛏️ mining firm Hive Digital raises 💵 $22M in private financing round from the sale of 5.75M special warrants for $5.00 CAD each, generating total proceeds of $28.75M CAD 📈

NEW: 🇺🇸 CryptoQuant believes that a SEC approval of a spot Bitcoin ETF could trigger a “Sell-the-News” event that would drop the price of $BTC “to as low as $32K.” 🤔

🟠 Bitcoin is not “crypto” 👀

NEW: 🟠 JAN3 will be hosting their first Financial webintar with Chief Strategy Officer, Hereditary Prince of Serbia and Yugoslavia 🙌

🔗 Hurry up and sign up for January 11, 2024 – link here: https://us06web.zoom.us/webinar/register/WN_BB3hmAfAR2qfQpHG78WGfw#/registration

ICYMI: 🟠 Spot Bitcoin ETF issuers continued the parade of announcing Authorized Participants as Grayscale named Credit Suisse Securities (USA), KCG Americas and Wedbush Securities as AP’s 👀

NEW: 🇨🇦 Canadian crypto exchange CatalX CTS Ltd. halts all trading and withdrawals after suffering a security breach that resulted in the loss of customers assets❗️

The exchange is under investigation and an interim cease trade order from the Alberta Securities Commission.

For the love of god keep your coins off of exchanges

ICYMI: 🟠 Yesterday Fidelity announced their spot Bitcoin ETF will have a 0.39% fee while Galaxy/Invesco has a 0 fee for first 6 months 👀

The race to the fee bottom for customers has begun 🙌

NEW: 📰 The Economist publishes positive article on Bitcoin 🤔

Dec 6 2023
JP Morgan's CEO Jamie Dimon said that if he'd "shut down" crypto and Bitcoin.

Dec 29th 2023
BlackRock names JP Morgan as an Authorized Participant for its imminent spot Bitcoin ETF.

Conclusion
Watch what they do, not what they say.

🟠 Just learn Bitcoin 🟠

“I bought Bitcoin, my goal is to buy more Bitcoin.”

- Michael Saylor

No ragrets 🫡

🟠 Hal Finney's prediction on how the future world economy could run on Bitcoin at $0.30, exactly 13 years ago 🤯