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Bitcoin price jumpin’! Supply shock brewing fr, global adoption, Peru documentary - Ep.112
Today’s Bitcoin news!
PRICE UPDATE:
Today Bitcoin has jumped up above $65k! If we get above $66k and stay there for a bit it might indicate a momentum shift, at least in the short term.
WE’RE SO BACK LOL:
We are back, baby. #Bitcoin. POST: https://twitter.com/CarlBMenger/status/1790770780025901133
WEN MOON?:
Historically, bitcoin miner revenue recovers 2-5 months after a halving, and after that bitcoin price goes vertical🔴. POST: https://twitter.com/100trillionUSD/status/1790354750992519500
The halving event signals the start of a new bull cycle, but it generally takes a while to play out. On average, it takes ±160 days of chop, while we've seen ±65 so far this cycle. This could take a while, but be patient. The rewards are worth it. #Bitcoin. POST: https://twitter.com/CryptoJelleNL/status/1790656739513127334
SUPPLY DROPPING:
Third largest #Bitcoin outflow this year from Coinbase almost $1B. Just 24 hours after the exchange reported a system wide outage. We are going so much higher. POST: https://twitter.com/jvs_btc/status/1790661762045337900
#Bitcoin reserves at Coinbase gets drained, currently at ~267k, down from 418k early 2024. POST: https://primal.net/e/note13gxwv5d6a3f4pt69k8lxvfgqxcr68n75yqnsmanqr0er47zvc83sj8gwmk
HISTORY / BITCOIN, NOT CRYPTO:
✨ LUNA crashing to $0 in 1 day, exactly 2 years ago. A lasting reminder to #Bitcoin not crypto 💫. POST: https://primal.net/e/note1nj6kgtlxyvj5v048ar4l3xfrs9k2fc2006lkk8jxuytuym7hejnsvqgz87
MINING USING GEOTHERMAL ENERGY:
🌋 Using geothermal energy from the Tecapa volcano, El Salvador has mined 474 #BTC valued at $29M. This eco-friendly initiative boosts the country's total holdings to 5,750 #Bitcoin (~$360M). 🇸🇻. POST: https://twitter.com/btc/status/1790796508998025226
ADOPTION:
💥 NEW DOCUMENTARY - Peru's Hidden Bitcoin Revolution. We visited 4 of Peru's most isolated villages to discover hundreds of people living on a full Bitcoin standard - all powered by a non-profit organization that is revolutionizing community building in Peru. Join @Isa ⚡️ and me on an 8 day journey across mountains, deserts and jungles to discover the truth behind Peru's Hidden Bitcoin Revolution!
POST: https://primal.net/e/note13fhhe74knse5d0ucrje8fy25wej4tm7mtld4es8zy7p86tmg8axs2qry7f
VIDEO: https://www.youtube.com/watch?v=4hWMHLF-OEg
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