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Folashade🎭

@folashade12

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Bitcoin has rebounded to $96K, fueled by its resilience amid rising inflation, which bolsters its status as a "safe-haven" asset. This rebound came after four straight days of losses following its record high of $99,317. On-chain data points to a potential bottom formation near $90K, with investor reactions preventing further declines.¹ Key Factors Driving Bitcoin's Rebound - Increased Adoption: Bitcoin's on-chain data confirmed a "local" bottom at $90K, driven by increased adoption and strategic investors securing profits. - Inflationary Pressures: Bitcoin's resilience amid rising inflation has sparked speculation that U.S. investors may sustain their trading appetite to push BTC back to $99K. Potential Breakout Above $100K While a bottom may have formed, it's essential to note that this could represent a "local" bottom rather than a true "market" bottom. A reversal remains a possibility unless Bitcoin shows similar activity at price levels historically seen as "high-risk,
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In a surprising move, Base founder Jesse Pollak has reaffirmed that the platform has no plans to introduce a native token. Instead, the focus remains on prioritizing user experience and problem-solving. Key Statistics: 1. Base's Total Value Locked (TVL): Highest among Ethereum layer 2 solutions 2. Base's transaction peak: 9.32 million on November 26 3. Base's growth: Solidified position as a leading Ethereum layer 2 network Analysis: Base's token-free plan driven by: 1. Focus on user experience and problem-solving 2. Prioritizing building a world-class product 3. Emphasis on earning user trust and loyalty Projection: 1. Continued growth and dominance in the Ethereum layer 2 space 2. Potential for increased adoption and usage 3. Focus on building a sustainable and user-focused ecosystem Risks and Challenges: 1. Competition from other Ethereum layer 2 solutions 2. Regulatory uncertainties and potential challenges 3. Maintaining user trust and loyalty without a native token
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Bitcoin ETFs See $1B Inflows: Can They Overtake Satoshi's Holdings? Bitcoin ETFs have experienced a significant surge, with $1 billion in inflows, nearing Satoshi Nakamoto's holdings and gold ETFs. This growth is mirrored in Bitcoin's price, which has risen 160% in 2024, challenging gold's market dominance. Key Statistics: 1. Bitcoin ETF inflows: $1 billion 2. Satoshi Nakamoto's holdings: 1.1 million BTC 3. Bitcoin ETF holdings: 1.081 million BTC 4. Bitcoin's market capitalization: $1.91 trillion Analysis: Bitcoin ETFs' growth driven by: 1. Increased investor appetite for Bitcoin exposure 2. Bullish sentiment in the market 3. Growing prominence of Bitcoin in the financial landscape Projection: 1. Potential for Bitcoin ETFs to overtake Satoshi Nakamoto's holdings 2. Bitcoin's market capitalization to continue growing, challenging gold's dominance Risks and Challenges: 1. Market volatility 2. Regulatory uncertainty 3. Competition from traditional assets like gold
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