There is a large preponderance of investors in the #crypto market who hold #Bitcoin for more than 1 year. This helps keep the bitcoin price from finding a new bottom, but not enough for growth.
The idea embodied in #BTC by its creator #SatoshiNakamoto was to build a payment system without intermediaries. Where settlements take place directly between sender and recipient. #crypto
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#Bitcoin reached $17K again 📊However, the entire crypto market is still in fear, and the future doesn’t seem very clear for now 🧐
alfacash.blog/2023/01/07/bit…
➡️ The rise in #BTC popularity is accompanied by a decline in the supply of coins on the market due to #halving. The changes form a shortage of BTC, which pushes the #crypto rate up.
*Bitcoin chart (black curve) and BTC #mining speed (blue curve). Source: blockchain.com
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💰 Half of all #BTC has not moved for 2 years or more
More than 7% of all BTC supply traded near the $16.5k-$17k level, creating significant support. The number of BTC wallets with a non-zero balance is only growing. In terms of on-chain metrics, BTC has bottomed out. #crypto
#Bitcoin mining companies have a billionaire debt now 💰 Some of them are already bankrupt, so, is this going to be another disaster for #crypto? 🧐
alfacash.blog/2023/01/11/bit…
👀In December, Twitter introduced a new #crypto feature that enables users to search for the prices of #BTC and ETH by typing their names or tickers into the search tab. Earlier, there were also rumors that Twitter may create its own native cryptocurrency, #TwitterCoin.