How much does it cost to mine 1 bitcoin?
The cost of mining BTC among publicly traded mining companies in the third quarter is $55,950.
MARA is the most efficient company in this regard, spending an average of $42,864 to mine 1 BTC.
π @TheCryptoCrown πͺ«
The cost of mining BTC among publicly traded mining companies in the third quarter is $55,950.
MARA is the most efficient company in this regard, spending an average of $42,864 to mine 1 BTC.
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It is now left with two scenarios:
1) break correlation with M2 due to its own purchasing power
2) follow through into a deep mid-cycle correction
Your bets?
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Ripple effect of Fiscal Policy on the Crypto Market
Fiscal policy, the government's approach to spending and taxation, has a significant ripple effect on cryptocurrency markets. Increased government spending often stimulates economic growth, pushing investors toward cryptocurrencies as alternative assets. Conversely, high taxes on crypto gains can dampen trading enthusiasm, shifting market sentiment.
For instance, during economic downturns, stimulus packages pump liquidity into the economy, often leading individuals to turn to cryptocurrencies as a hedge against traditional financial uncertainties. On the other hand, stricter tax reforms on crypto earnings can create hesitation among traders, slowing market momentum.
Expansionary fiscal policies that lead to inflation further amplify crypto's appeal, with assets like Bitcoin seen as reliable inflation hedges. Additionally, when governments back blockchain initiatives, it boosts credibility and accelerates crypto adoption, fueling long-term growth in the market.
Understanding how fiscal policy impacts cryptocurrency dynamics is key for investors. By keeping an eye on these shifts, traders can adapt strategies and make well-informed decisions in this fast-evolving landscape.
π @TheCryptoCrown πͺ«
Fiscal policy, the government's approach to spending and taxation, has a significant ripple effect on cryptocurrency markets. Increased government spending often stimulates economic growth, pushing investors toward cryptocurrencies as alternative assets. Conversely, high taxes on crypto gains can dampen trading enthusiasm, shifting market sentiment.
For instance, during economic downturns, stimulus packages pump liquidity into the economy, often leading individuals to turn to cryptocurrencies as a hedge against traditional financial uncertainties. On the other hand, stricter tax reforms on crypto earnings can create hesitation among traders, slowing market momentum.
Expansionary fiscal policies that lead to inflation further amplify crypto's appeal, with assets like Bitcoin seen as reliable inflation hedges. Additionally, when governments back blockchain initiatives, it boosts credibility and accelerates crypto adoption, fueling long-term growth in the market.
Understanding how fiscal policy impacts cryptocurrency dynamics is key for investors. By keeping an eye on these shifts, traders can adapt strategies and make well-informed decisions in this fast-evolving landscape.
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Yesterday saw net outflows of $38.4 million for GBTC, $6.2 million for Grayscale BTC, $15.7 million for ARKB, and $6.1 million for Grayscale ETH. π
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JUST IN: π° The top 2 best performing public equities in the world among companies with a $250M market cap both hold #bitcoin on their balance sheet.
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Make this holiday season special for the crypto lover in your life with these unique and thoughtful gift ideas:
1. Mining Hardware β Kickstart their mining journey with rigs or accessories like cooling systems.
2. Hardware Wallets β Secure their assets with wallets like Ledger Nano X or Trezor Model T.
3. Crypto Gift Cards β Give them the freedom to trade or invest on platforms like Binance or Coinbase.
4. Blockchain Books β Must-reads like The Bitcoin Standard or Digital Gold for every crypto fan.
5. NFT Collectibles β Surprise them with personalized digital art or rare gaming NFTs.
6. Crypto Merchandise β From Bitcoin hoodies to themed mugs, add fun to their daily life.
7. Blockchain Gaming Gear β Elevate gaming with VR headsets or exclusive in-game assets.
8. Crypto Board Games β Entertain them with games like Bitcoin Empire or HODL Up.
9. Physical Crypto Art β Framed blockchain-inspired pieces or custom QR code art make perfect decor.
10. Subscription Services β Access to portfolio trackers or market analysis tools for ongoing learning.
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Did you know?
πΊπΈ MicroStrategy bought 258,320 #Bitcoin for $22 billion in 2024
Image by #GROK
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Image by #GROK
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#OpenAI is introducing a new way for users to customize their interactions with #ChatGPT. π±
Users can now specify a preferred name, profession, and traits like βChattyβ or βGen Zβ for more personalized responses.
This feature, while likely an aesthetic makeover, relies on prompt engineering to guide ChatGPTβs style and tone.
π @TheCryptoCrown πͺ«
Users can now specify a preferred name, profession, and traits like βChattyβ or βGen Zβ for more personalized responses.
This feature, while likely an aesthetic makeover, relies on prompt engineering to guide ChatGPTβs style and tone.
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Bitcoin supply distribution
Individual holders control the largest share of BTC, accounting for 69.9% of the total supply.
7.5% of supply is lost, 5.9% is held by funds and ETFs, and the remainder is distributed among governments, corporations, and the Satoshi wallet.
π @TheCryptoCrown πͺ«
Individual holders control the largest share of BTC, accounting for 69.9% of the total supply.
7.5% of supply is lost, 5.9% is held by funds and ETFs, and the remainder is distributed among governments, corporations, and the Satoshi wallet.
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Smart contracts are self-executing contracts with the terms directly written into code.
How They Work
Decentralized
Benefits
Examples of Use
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Crypto speak: AMA
An βAMAβ (short for βask me anythingβ) is a social media event where representatives of a project (games, NFT collections, blockchains, etc.) respond in real-time to questions from regular users.
Although this phrase did not originate in the world of cryptocurrencies, blockchain is where it gained enormous popularity. AMAs are often held on Twitter (now X), Discord, YouTube, and Telegram.
Recently, we also held our own AMA (by the way, we hope youβll attend the next oneπ ).
π @TheCryptoCrown πͺ«
An βAMAβ (short for βask me anythingβ) is a social media event where representatives of a project (games, NFT collections, blockchains, etc.) respond in real-time to questions from regular users.
Although this phrase did not originate in the world of cryptocurrencies, blockchain is where it gained enormous popularity. AMAs are often held on Twitter (now X), Discord, YouTube, and Telegram.
Recently, we also held our own AMA (by the way, we hope youβll attend the next one
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Crypto speak: NYKNYC
The phrase βNYKNYC,β which stands for βnot your keys, not your coins,β is used to emphasize the risk associated with using centralized platforms to store cryptocurrencies. Only the creators of the platforms have access to such repositories, which means that the keys to the cryptocurrency belong to them, not the real owners of the coins. As a result, third parties are given the opportunity to dispose of other peopleβs tokens.
Advocates of the βnot your keys, not your coinsβ mantra urge other market participants to store cryptocurrency only in wallets whose access codes do not need to be passed on to anyone.
π @TheCryptoCrown πͺ«
The phrase βNYKNYC,β which stands for βnot your keys, not your coins,β is used to emphasize the risk associated with using centralized platforms to store cryptocurrencies. Only the creators of the platforms have access to such repositories, which means that the keys to the cryptocurrency belong to them, not the real owners of the coins. As a result, third parties are given the opportunity to dispose of other peopleβs tokens.
Advocates of the βnot your keys, not your coinsβ mantra urge other market participants to store cryptocurrency only in wallets whose access codes do not need to be passed on to anyone.
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Crypto speak: FML
βFMLβ is an abbreviation for βf*ck my life.βπ
It is used to describe the difficulties of lifeβe.g., after a failed trade or a significant decline in the value of someoneβs crypto portfolio.
Also, FML is used when talking about the poor state of the crypto market.
π @TheCryptoCrown πͺ«
βFMLβ is an abbreviation for βf*ck my life.β
It is used to describe the difficulties of lifeβe.g., after a failed trade or a significant decline in the value of someoneβs crypto portfolio.
Also, FML is used when talking about the poor state of the crypto market.
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The Hidden cost of Bag Holding
In the world of investing, being a "bag holder" refers to clinging to a losing investment, hoping for a recovery that may never come. Itβs the image of someone left holding a metaphorical βbagβ of devalued assets, watching opportunity slip away.
Picture this: an investor buys into a hyped cryptocurrency at its peak. Initially, prices surge, but soon after, the market crashes. Instead of cutting their losses, the investor holds on, believing a rebound is imminent. Weeks turn into months, and theyβre stuck, missing out on profitable opportunities elsewhere.
Bag holding often stems from emotional attachment or an unwillingness to accept losses. Without tools like stop-loss orders or diversified portfolios, investors can find themselves spiraling into deeper financial setbacks. Beyond monetary losses, the toll includes missed opportunities and emotional frustration.
To avoid this trap- Set clear exit strategies, diversify your investments, and stay informed about market trends. If youβre already holding the bag, it might be time to reassess, cut losses, or consult a professional. Recognizing when to let go can be the difference between a smart investor and a bag holder.
π @TheCryptoCrown πͺ«
In the world of investing, being a "bag holder" refers to clinging to a losing investment, hoping for a recovery that may never come. Itβs the image of someone left holding a metaphorical βbagβ of devalued assets, watching opportunity slip away.
Picture this: an investor buys into a hyped cryptocurrency at its peak. Initially, prices surge, but soon after, the market crashes. Instead of cutting their losses, the investor holds on, believing a rebound is imminent. Weeks turn into months, and theyβre stuck, missing out on profitable opportunities elsewhere.
Bag holding often stems from emotional attachment or an unwillingness to accept losses. Without tools like stop-loss orders or diversified portfolios, investors can find themselves spiraling into deeper financial setbacks. Beyond monetary losses, the toll includes missed opportunities and emotional frustration.
To avoid this trap- Set clear exit strategies, diversify your investments, and stay informed about market trends. If youβre already holding the bag, it might be time to reassess, cut losses, or consult a professional. Recognizing when to let go can be the difference between a smart investor and a bag holder.
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The launch of Trump-themed memecoins, $TRUMP and $MELANIA, has diverted liquidity from AI-focused tokens, causing significant declines in their value. AI agent tokens, such as Virtuals Protocol, saw losses of up to 15% in 24 hours as investors shifted focus to the high-traction memecoins. Analysts expect this trend to reverse once the initial hype around the Trump tokens subsides, allowing AI projects to recover their momentum.
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Jupiter, a leading decentralized exchange aggregator on the Solana blockchain, is launching a $630 million airdrop to reward its community. Users who meet the eligibility criteria can claim their tokens, aiming to boost engagement and solidify Solanaβs position in the DeFi space.
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TON Foundation mandates all Telegram mini-apps to transition to the TON ecosystem within a month, requiring TON Connect for wallet integration and introducing tokenized assets like stickers and emojis.
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