lamadon

@lamadon

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Bitcoin Drops to $60,000 Following Iran’s Missile Strike on Israel. Bitcoin dropped to around $60,000 Wednesday following Iran’s missile strikes on Israel. The strikes were in retaliation for Israel’s killing of militant leaders and its aggression in Lebanon against Hezbollah. Concerns about a broader regional war involving Iran and the US have grown as Israel escalates its assault on Lebanon. Bitcoin fell by 3.1% to around $61,616 on the day, and has dropped 4.4% over the past week. This decline is mainly due to growing uncertainty and increased risk aversion in financial markets, driven by geopolitical tensions.

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Samson Mow, Bitcoin maximalist and chief executive at the Bitcoin-focused company JAN3, has taken to his account on the X platform to make a massive BTC price prediction to the global crypto community. Mow has predicted Bitcoin to print a “Godzilla candle” soon, stating: “The Godzilla Candle is coming.” In earlier tweets, he also referred to an “Omega candle” for BTC, explaining that it or the Godzilla one refers to the size of this candle and the mammoth momentum it is going to give to the BTC price in a single go.

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Falling market prices causes spike in Bitcoin transactions A similar value of transactions was last recorded in March, long before the fourth Bitcoin halving was completed on April 20. Post-halving, the daily exchange trade volume on Bitcoin exchanges maintained an average of $30 million. It is important to note that Blockchain.com collects data from top crypto exchanges and some over-the-counter markets. Therefore, the actual total trading volume is much higher than reported. Data from Dune Analytics show that over 90% of transactions that went through the Bitcoin network on Aug. 5 were BTC. Other prominent Bitcoin protocols, such as Ordinals, BRC-20 and Runes, together took up less than 9% of the Bitcoin network bandwidth.

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GM gang, Happy Friday! Keep your eyes peeled today and the next couple of days could be very pumpy ⬆️ Stay vigilant. Capitalise on the opportunities

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I just minted my Farcaster ID on far.quest/register, join me to earn FarPoints! Also, welcome to Farcaster @shnazzy, @reddelilah48, and @yacha!

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