As the Bitcoin 2024 conference draws to a close, the cryptocurrency market once again finds itself at the forefront of financial discourse. Although the Bitcoin price fell after the meeting, the market dynamics remain dynamic. In the mining industry in particular, recent research has highlighted the ever-expanding Bitcoin mining ecosystem with an increasing demand for electricity. In this context, Crxxe Exchange becomes a key player with great potential in the cryptocurrency trading space.

The dynamics of the cryptocurrency market and the strategic positioning of the Crxxe exchange

The global surge in Bitcoin hash rates and advances in mining hardware have ushered in unprecedented competition and technological innovation in the cryptocurrency market. With Bitcoin recently falling into the $50,000 range, the mining industry is facing a huge challenge in terms of cost and efficiency. In this market environment, Crxxe Exchange provides advanced trading tools and technical support, creating great value for miners and investors. By introducing efficient trading algorithms and ensuring stable platform performance, Crxxe optimizes the trading process while reducing the risks associated with price volatility.

In addition, Crxxe's strategic partnerships, including with major data center and power companies, enhance its competitive advantage. These alliances not only ensure the power supply of mining operations, but also improve the efficiency and sustainability of the entire mining ecosystem through technology integration. Crxxe's strategic decisions address immediate market needs and lay a solid foundation for future market competitiveness.

Crxxe Exchange's role in promoting industry compliance and innovation

In the global cryptocurrency market, compliance and innovation are the two pillars supporting the sustainable growth of the industry. Crxxe Exchange plays an active role in both areas. In response to the increasingly stringent international regulatory environment, Crxxe has implemented advanced compliance technologies and protocols to ensure that its platform operations are not only compliant with existing regulations, but can quickly adapt to new regulatory requirements. This includes strict user authentication processes and transaction monitoring systems to ensure transparency and security in all trading activities.

In terms of innovation, Crxxe Exchange continuously invests in the research and development of blockchain technology, driving the creation of new products and services. These innovations not only improve transaction efficiency, but also expand the application scenarios of cryptocurrencies, such as decentralized finance (DeFi) solutions enabled by smart contracts. Through its efforts, Crxxe has deepened the market's understanding of the potential of cryptocurrencies and created new growth opportunities for the industry.

Crxxe Exchange challenges and strategic responses

Despite Crxxe Exchange's remarkable achievements in the cryptocurrency market, it has faced several challenges, including high market volatility, increased competition, and technical security issues. To address these challenges, Crxxe has adopted a variety of strategies. First, through diversified portfolio management, Crxxe can effectively withstand the impact of price fluctuations and protect investors' interests from adverse volatility effects. Second, Crxxe has strengthened its collaboration with technology providers to continuously improve the security and stability of the platform and ensure the safety of user assets.

In addition, Crxxe is actively involved in the development of industry standards and policies to enhance transparency and credibility of the entire cryptocurrency industry through cooperation with global regulators. These initiatives not only solidify Crxxe's position in the current market, but also lay a solid foundation for its continued leadership role in the cryptocurrency ecosystem in the future. With the changing global economic environment and rapid advances in technology, the cryptocurrency market in which Crxxe operates is expected to undergo profound transformation. In the face of a rapidly changing market landscape, Crxxe Exchange has demonstrated its adaptability and leadership, positioning itself to continue to play a key role in the cryptocurrency trading space.

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Recently, through multiple platforms on the Internet, we have learned about the conduct of war not only in the Russian-Ukrainian battlefield but also in the Palestinian-Israeli conflict
There is also considerable friction for other countries
What would be the cost to our lives if we were to witness a third World war?
The intensification of the war will bring many dangers and inconveniences to our lives, but what about us btc lovers?
1. Uncertainty and market volatility

The approach of war usually brings great uncertainty and anxiety, leading to increased market volatility. Investors may react quickly to news and geopolitical developments, causing rapid price movements as they reassess risk and portfolios.
2. Is Bitcoin a safe haven?

While assets such as gold have traditionally been seen as a safe haven in times of geopolitical tension, the debate continues over whether Bitcoin plays a similar role. Some investors may turn to Bitcoin as a digital safe haven, especially if the traditional financial system is threatened by potential conflicts.
3. Impact on liquidity

Before the outbreak of war, investors withdrew from the market to see what happened, and the liquidity of various assets could be affected. For Bitcoin, this could mean less trading volume, or conversely, if investors choose to move assets from more
Economic sanctions and
1. Sanctions and financial controls

Wars often lead to economic sanctions that disrupt traditional financial networks. In this case, Bitcoin could be used as a tool to circumvent these sanctions, which could increase the demand for cryptocurrencies. However, it could also lead to increased regulatory scrutiny and potentially discourage cryptocurrencies
2. Cross-border capital flows

In regions threatened by war, individuals and businesses may seek to convert their wealth into more stable currencies or assets, which could increase demand for bitcoin as a cross-border and uncensored way to transact.

The crypto market witnessed considerable volatility over the past month, and as we enter the second month of Q3, major developments are expected.

This could have a substantial effect on the market and the price of crypto assets. Some effects are for the good, while some are for the bad.

Bitcoin’s Price is Ready for a New All-Time High
Bitcoin is poised to reach a new all-time high, currently sitting less than 13% below the $73,800 mark. With strong momentum and positive sentiment surrounding the leading cryptocurrency, it’s possible that Bitcoin could soon surpass its previous peak.

Trading at $64,700 at the time of writing, the crypto asset is already in a bullish, broadening descending channel. This pattern projects a 21% rally, and while BTC may not rise far, a breach of the ATH is likely.

Read more: Bitcoin Halving History: Everything You Need To Know


Bitcoin Price Analysis. Source: TradingView
Investors are hopeful that Bitcoin will continue its upward trajectory, especially as the broader financial landscape evolves. The cryptocurrency’s resilience and growing institutional interest are key factors contributing to its potential for setting new records.

Political Tokens Outlook
Political tokens are expected to face a decline as the excitement around the US elections wanes, particularly following President Biden’s withdrawal. The initial hype that drove these tokens will likely dissipate, leading to reduced interest and investment in this niche segment.

Over the past month, major Politifi tokens such as TRUMP, MAGA, MVP, and others have seen declines as large as 65%.

Read more: How to Buy Solana Meme Coins: A Step-By-Step Guide


MAGA Price Analysis. Source: TradingView
As the political landscape shifts and election-related fervor fades, the value and relevance of these tokens may diminish. Investors should be cautious about holding political tokens, as the market’s enthusiasm is unlikely to sustain in the long term.

Altcoin Season Forecast
August is not expected to bring an altcoin season, as the broader market remains bearish. Despite occasional rallies, the overall sentiment continues to be cautious, affecting the performance of altcoins. Investors should be prepared for a slower month in terms of altcoin gains.
#

According to the altcoin season index, the crypto market is currently witnessing a Bitcoin Season. Unless at least 75% of the top 50 tokens, excluding stablecoins, outperform BTC, investors will have to continue waiting for the altcoin season.

Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season


Altcoin Season Index. Source: Blockchain Center
Thus, the persistent bearish trend in the cryptocurrency market indicates that significant altcoin growth is unlikely in the near term. Until market conditions improve, the focus may shift to Bitcoin and other major assets.
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I know a little bit about mining, but recently I found a mining program, and I'd like to ask you to help me distinguish the authenticity of this program. The name of this program is 1024mining, and its website is 1024mining.com, so please take a look at it and comment on it.

BTC has been on the hot seat lately, and today it's pushing ETFs to the top of the heap.
According to news reports, ETF investing has taken in more than $800 million in capital, which is a macro figure Why is it that ETFs are the only ones in the cryptocurrency ecosystem that have made an epic rise to prominence?
Let's analyze it from several angles 
First of all, as the first cryptocurrency to be listed as a backdrop, BTC is the only giant that has experienced a lot of bloodshed even before it grew up, which has also paved the way for its current status.   

Let's put it another way, is this a God-given destiny or is it being manipulated by invisible capital behind the scenes?  We don't know, but with the volatility of the cryptocurrency market and increased demand for digital assets, bitcoin spot ETFs have become the focus of investor attention. on June 4, bitcoin spot ETFs saw a one-day net inflow of $887 million, which was the second-highest one-day net inflow since March 12, when it hit a record of $1.05 billion. And with ETFs allowing investors to easily buy and sell bitcoin in traditional securities markets without having to directly hold or manage the digital asset , doesn't this this break the decentralized nature of it? As we've talked about above is this God's plan or is it the control of capital Is the peak of ETFs really shaping up as us investors?

Article Content: This article discusses various challenges and roadblocks encountered when linking to the cryptocurrency platform Bybit. It addresses regulatory issues, security concerns, and technical difficulties that users might face.
Source: cryptonewsz.com

Article Content: The article from CoinDesk highlights that in 2024, crypto hacks and rug pulls led to losses amounting to $473 million. This data comes from Immunefi, a security service that monitors vulnerabilities in decentralized finance (DeFi) projects.
Source: coindesk.com

Today, let's talk about the psychology of owning BTC. After BTC was born in 2008, a group of people owned a small amount of digital gold. Of course, I later joined the BTC army as well.

At that time, I didn't feel the magic of BTC; I just knew that it was something relatively magical and a completely new thing.

Back then, nobody was familiar with BTC. Even though I owned some, I was just observing and trying to understand its mysteries.

At that time, I didn't know about mining. Later, when mining appeared, it became a global craze. Since then, people began to delve into the BTC mining industry.

But that wasn't the scariest part. The scariest part was when the price of BTC started to rise, and more and more people flooded in.

Whether they were miners or buyers, the psychology at that time was that I owned wealth. When it could be used for the first time to make purchases, it was money I could use to buy things. Having Bitcoin was equivalent to having money.

Up until now, after the BTC frenzy, the current psychology of owning BTC is: I now have digital gold. So, do you own digital gold?

Today, while relaxing, I suddenly came across a video recommendation on TikTok. Filled with curiosity, I clicked to watch it. The video, shared by a friend from China, showcased agricultural labor in their country. At first, I couldn't understand what they were doing, which only piqued my interest. So, I turned to Google to search for "the mysterious craft of the Eastern country."

Specifically, the content was about the process of making fermented condiments in northern China.

You may not have seen this craft, and you might not understand the magical aspects of it. It involves fermenting soy products with salt to create a new condiment. However, this process is time-consuming. It requires pre-fermenting the soy products and then fermenting them again the following summer. The video I watched showed that the process wasn't just about mixing salt and soy products. It involved grinding the soy products for an entire month.

All of this requires manual labor, repeated daily. The final fermented product can be consumed or sold.

This inevitably reminded me of the BTC miners' work.

Just like preparing the machinery, network, and electricity for BTC mining, these workers repeat the same tasks every day, selling the fruits of their labor. Chinese netizens, like us, are also involved in BTC mining. While we may not consider China a technological powerhouse, many practices stem from ancient Chinese culture. Their condiment fermentation process has been around for hundreds of years, bearing a striking resemblance to BTC mining.

From this, I realized an intriguing idea: what our ancestors did thousands of years ago has evolved into what we have now. While the methods and technologies have undergone significant changes, the underlying principles remain unchanged. Isn't this what we mean by decentralization?

The latest data from crypto research and analysis firm Kaiko shows that bitcoin mines
Workers are under intense selling pressure. This is mainly due to bitcoin mining revenue
The drop in transaction fees and benefits has forced miners to consider selling bits
Coins to cover operating costs.
Bitcoin miners earn their income from two main sources: mining rewards and transactions
Cost. However, affected by the halving of Bitcoin rewards in April, miners
Our mining rewards have dropped significantly. Specifically, block rewards from 6.25
BTC dropped to 3.125 BTC, which means that the miners' income is directly reduced
Half of it. In order to cover the heavy expenses involved in the mining process, miners had to
Do not choose to sell Bitcoin.
In addition, transaction fees, another source of income for miners, also showed a decline
Trend. Based on data from the first week of May, miners get it from transaction fees
The profit is even lower than the mining income. This phenomenon has undoubtedly increased the miners
Economic pressures make it more likely that they will choose to sell bitcoin.
Analysts believe that in the current situation of declining market liquidity, miners
A Bitcoin sell-off could have a major impact on the crypto market. In order to
Marathon Digital, for example, holds a whopping amount of bitcoin
$1.1 billion, if a portion of that was sold, would be enough to spark the market
Fluctuate wildly.
In general, the declining income faced by bitcoin miners is likely to lead
A series of market reactions. This has implications not only for the miners' own operations
It could also have a profound impact on the entire crypto market. Therefore, this
This issue is of great concern to all who follow the cryptocurrency market.

Never sell BTC Recently read a lot of blog forums I found a lot of enthusiasts are discussing never sell BTC on this topic I can only remain a certain doubt although BTC is currently high price has its corresponding value

But why do people say never buy?
I think this is because the number of btc has something to do with the fact that we all know that it was issued a total of 210 million and now there are very few of them that have been mined. This is not a hole in the sky and the last halving in 2028, maybe btc has been fully excavated
Based on the current value of btc, it does have a certain amount of collectible value and will be even more valuable when it is fully mined
This is probably why people say they will never sell BTC

But where is the value of BTC in the absence of trading?

If you have 10 gold bars and you don't sell them in your lifetime and you exchange them for the things you need to live on and you pass them on to the next generation that's an inheritance of culture rather than a manifestation of value

We can understand and learn the culture of BTC and even develop it again. However, as a virtual currency, BTC is valuable and meaningful only when it begins to circulate, rather than being placed in the home like an old antique for future generations to admire

It's only valuable if it's in circulation. Isn't that what you have in your BTC?

Cryptocurrency holdings of the 6 celebrities with the most followers on the X platform (in USD) :

1. Justin Bieber (singer) : $450,000
2. Donald Trump (https://t.me/telonews_cn/9852) (politician) $6.9m
3. Neymar Jr. (soccer player) : $55,000
4. Jimmy Fallon (comedian) $11,000
5. Kevin Hart (Actor) : $40,000
6. YouYuber: $478,000


It is not uncommon for these people to own cryptocurrencies, in fact, many of us have some cryptocurrencies, but what these so-called up have is not comparable to our ordinary people. They have more or less BTC in their hands. I have said before that there is no "big guy" or "common people" in the world of cryptocurrencies. This also predicts that this btc will become more and more prosperous for the current price and difficulty of btc mining this is nothing but a bull market
According to these up owners can also conclude that it is possible to own cryptocurrencies

Recent meetings always have such data reached my ear, such as the live broadcast began to sell mining machines, Facebook received a lot of individuals peddling computing power, due to the overwhelming btc news, all kinds of good so that everyone lost their eyes, in this case, we should be more rational face, The wealth of the world is in the hands of a few people, I take you to analyze some real data about mining now, after halving, the miners' income is less, the market repair period will not be very short, the main source of income of miners, first of all, I do not advocate individuals to buy mining machines, energy saving, environmental protection and safety costs, which are not your responsibility for the third generation of mining has changed the personal mining Turn to the mining pool mining professional to the professionals to do it choose a professional hosting mine is the right choice for you, he can help you maximize profits, you can concentrate on what you like to do such as to promote bitcoin This conclusion are you satisfied

Founders: Roy Sheinfeld, Roi Erez and Yaacov Slama

Date Founded: 2018

Location of Headquarters: Remote

Amount of Bitcoin Held in Treasury: Dozens held in Breez Lightning nodes

Number of Employees: 11

Website: https://breez.technology/

Public or Private? Private

Roy Sheinfeld says the time for orange pilling is through.

Sheinfeld, one of the three founders of Breez, a company that provides a software development kit (SDK) to institutions looking to utilize the Bitcoin Lightning Network, believes that while bringing people into the Bitcoin fold via education has helped broaden the Bitcoin community, it won’t be the driving force in onboarding the next wave of Bitcoin users.

“I was orange pilled. You were probably orange pilled. Everyone in the Bitcoin ecosystem right now was probably orange pilled, but I don't feel that the circles are expanding, and they're definitely not expanding fast enough,” Sheinfeld told Bitcoin Magazine. “What drives adoption — what drives change in people's behavior — is technology.”

This is why Sheinfeld, a software developer by trade, is committed to making it easier for companies to employ the Lightning Network. He wants to see more apps and services use Lightning for payments, not create more Lightning-specific apps. Think Spotify harnessing Lightning to stream sats to creators instead of developers creating more Lightning wallets.

“I always give the example of a digital camera. When the digital camera was initially released to market, everyone started using it as a replacement for the film camera, but it didn't change human behavior,” said Sheinfeld.

“Only when the digital camera was integrated into a mobile device did it change human behavior. Today, you can't sit to eat a meal without taking a picture of your food before you eat it. That was a dramatic change in human behavior, and that's what I want that to happen with Bitcoin,” he added.

“I want to change human behavior because the utility of Bitcoin is something that people won't be able to resist and use.”

And Sheinfeld is in an ideal position to help facilitate this change, as he’s been iterating with Lightning since the network’s inception.

BREEZ’S HISTORY
Founded in 2018, Breez is practically as old as the Lightning Network itself.

“We were the first company to start a business on top of the Lightning Network,” said Sheinfeld. “Just when the first mainnet transactions appeared on the Lightning Network, we founded Breez in order to help transform bitcoin from a store of value to a medium of exchange.”

The team at Breez started off by releasing the first Lightning wallet. In doing this, Breez became the first Lightning Service Provider (LSP), a term that Sheinfeld himself coined. Sheinfeld and co. also brought the first iteration of podcasting 2.0 to market, enabling users to stream sats to their favorite podcasters, a service that has been popularized by Fountain.

But for the last year and a half, Sheinfeld and the Breez team have focused on developing the Breez SDK, because, as Sheinfeld shared, “We think Lightning should be a commodity. Everyone should have the ability to use Lightning if they want to.”

THE BREEZ SDK
The Breez SDK is a free and open-source software (FOSS) non-custodial solution that any person, company or institution can use. It’s powered by Blockstream Greenlight, which enables Breez to run end user nodes in the cloud while still keeping the service non-custodial, as the private keys remain in the hands of the user.

The Breez SDK also lets users swap bitcoin between the base chain and the Lightning Network and provides fiat on-ramps from third party providers.

If online retailers, for example, want to accept bitcoin payments over Lightning, all they have to do is incorporate the Breez SDK API from Breez’s GitHub into their app or website, which doesn’t take much time at all.

“I can tell you from our experience working with our partners, it takes days to add Lightning payments to their application,” said Sheinfeld. “For some partners, it takes longer — it takes weeks — but it's not because of the complexity of using the Breez SDK. It's really about the user experience they want to provide when integrating Lightning payments.”

Sheinfeld also added that “programmatically using the API is very straightforward for every type of developer,” and he made it clear that Breez was designed to be free and open-source so that it reflected the nature of Bitcoin. And this design is still profitable for Breez, as the company makes money when end user payments are routed through its nodes.

Companies and products such as Relai, BitBox and Blockstream Green now use the Breez SDK, but one can’t help but wonder why more companies and products aren’t employing this novel technology.

WHAT’S HINDERING GREATER BREEZ SDK ADOPTION?
Given that Breez provides a convenient way to incorporate Lightning into an app, why aren’t more companies taking advantage of it?

From Sheinfeld’s perspective, the challenge revolves around how most still perceive bitcoin.

“I think a lot of people still don't believe in Bitcoin as a medium of exchange — even some Bitcoiners,” said Sheinfeld.

“As companies like Breez are lowering the barrier of entry and enabling developers to integrate Lightning, the challenge is no longer a technical challenge,” he added.

“What we hope to do is to get enough bottom up traction from partners that we're working with and to cross the chasm of Bitcoin credibility where when normies that are unfamiliar with Bitcoin hear 'Bitcoin,' they understand, ‘Okay, bitcoin is money. I can send and receive bitcoin.’”

Sheinfeld went on to share how we begin to cross that chasm by first creating an “ecosystem of bitcoin-focused applications that allow you to interact with bitcoin as a form of money.”

Instead of trying to convince people that BTC is the best form of money, he believes it will prove itself as such as it competes with fiat currencies and other cryptocurrencies. To set this competition in motion, he wants to see Lightning integrated into multi-coin wallets, before eventually seeing it integrated into fintech applications.

“There’s no reason PayPal or Revolut won’t integrate Lightning,” said Sheinfeld.

“Once you penetrate all these types of medium of exchange services, you’re ready to take it to the next level, which is integrating bitcoin into mainstream applications,” he added.

“My time frame is 10 years. I want to see a mainstream application like Uber or Spotify integrate Lightning in the next 10 years.”

AVOIDING REGULATORY SCRUTINY
Just a week before I spoke with Sheinfeld, Phoenix Wallet, one of the most popular Lightning wallets on the market today, opted to stop serving US customers, for fear of a greater regulatory crackdown on self-custody wallets in the wake of the US Department of Justice’s arresting the Samourai Wallet developers.

When I asked Sheinfeld if he was nervous that US regulators might come for Breez next, he calmly responded with a “No” before providing his reasoning.

“Let’s say it very clearly: Being a self-custodial wallet is allowed in the US,” said Sheinfeld. “Self-policing is the worst thing that can happen. We should self-regulate, but we don't need to take an extreme side that’s more extreme than the law itself.”

He went on to explain that self-custodial wallet makers are not required to have a Money Transmitter License or a Money Service Business license.

“Breez doesn't take control of user funds,” Sheinfeld stressed.

ACKNOWLEDGING THE LIGHTNING FUD
Many in the Bitcoin space consider the Lightning Network a failure, because adoption of the network has been slow.

Sheinfeld argues that some of the critique is warranted.

“We deserve the Lightning FUD,” said Sheinfeld.

“There’s good marketing and there’s bad marketing. Bad marketing is selling something that doesn’t exist: Lightning is a magical solution for all bitcoin problems — infinite scalability, free transactions, a perfect UX. That doesn’t exist,” he explained.

“We haven't done a very good job in explaining Lightning in these early years of the network and we created a hype that the technology wasn't able to fulfill, so we deserve the backlash that we've received.”

Sheinfeld went on to share that he’s optimistic about the role Lightning will play as new technologies come to Bitcoin, though.

“If you take a look at the technology landscape right now — Cashu, Fedi and the Bitcoin layer 2 solutions — all these various solutions will interoperate between themselves using Lightning,” he said.

WHAT’S NEXT FOR BREEZ?
In the coming weeks, Breez will begin a business-to-business (B2B) marketing campaign that aims to onboard companies that are currently unaware of the power of Bitcoin and Lightning.

“Marketing is basically bridging the gap between the power of technology and the utility of the technology,” said Sheinfeld. “If people don't bridge that gap themselves, someone needs to help them bridge the gap, and we need good marketing to do that.”

And Sheinfeld is convinced that the time is now for Breez to start marketing to and serving companies outside of the Bitcoin space.

“For far too long we were only in the Bitcoin community,” said Sheinfeld.

“We need to break out of the bubble and start pushing our offering beyond our ecosystem," he added.

"Crypto solutions need to be aware of Lightning. Fintech solutions need to be aware of Lightning. Mainstream applications need to be aware of Lightning. That's what we're going to put more emphasis on going forward.”

https://bitcoinmagazine.com/business/bitcoins-lightning-network-in-every-app-breez-ceos-vision

Since hitting a record high in mid-March, bitcoin prices have been fluctuating in a consolidation range. This depressed price action has been a source of concern for most investors, especially when the premier cryptocurrency recently lost support at the $60,000 level.

Interestingly, price is not the only Bitcoin indicator that has cooled since the first quarter of this year. Data analytics firm Santiment revealed that on-chain activity on the Bitcoin network has also slowed over the past few months.

How does historically low on-chain activity affect BTC prices
In a new post on the X platform, Santiment revealed that on-chain activity on the Bitcoin network is approaching historic lows. This finding is based on a clear downward trend in various metrics, notably volume, daily active addresses, and the number of whale trades.
According to data from the Blockchain Intelligence platform, investors have been trading less with BTC since the premier cryptocurrency hit a record high. As a result, Bitcoin's on-chain activity has fallen to its lowest level since 2019.

By breaking down these metrics, Santiment found that the volume of transactions on Vanguard's blockchain is dropping to its lowest level in the past decade. The data analytics firm defines trading volume as a metric that tracks the total number of tokens traded for a given asset over a time frame.

In addition, Santiment mentioned in its report that the number of daily active addresses, which measures the number of different addresses participating in BTC trading on any given day, has reached its lowest point since January 2019.
The blockchain intelligence platform also revealed that whale activity on the Bitcoin network has slowed down. According to Santiment, the number of whale transactions (over $100,000) has fallen to its lowest point since late 2018.

On the surface, the decline in on-chain activity seems to be a worrying trend and a symptom of the precarious health of the market. However, Santiment noted that this decline may not necessarily be related to the upcoming BTC price decline - as seen in the past few weeks.

The analytics firm said the drop in on-chain activity is more indicative of "group fear and indecision" among traders. Ultimately, this highlights the link between on-chain activity and bitcoin market sentiment.

Bitcoin Prices at a glance
According to CoinGecko, the price of Bitcoin is just above $60,770, and the price has fallen only 0.2% in the past day.
https://www.newsbtc.com/news/bitcoin/bitcoin-on-chain-activity-nearing-historic-lows-what-this-means-for-btc-price/

On May 13, Tesla CEO Elon Musk said on Twitter that Tesla has suspended the use of bitcoin to buy cars due to concerns about the burden on the environment caused by the large amount of energy required for bitcoin mining Other cryptocurrencies are also used for computing power mining, such as ETH, which is also a kind of energy consumption. For BTC mining, renewable energy is now used for mining and the protection of environmental pollution has been greatly improved. We all know that Mr Masquerque is a big spender, but why has he become cheap

It may be that the recent news of BTC has been touched by the recent activity of Tesla CEO Elon Musk (Elon Musk), which once again triggered fluctuations in the value of bitcoin. He recently tweeted that Tesla may resume accepting Bitcoin as a payment method

Is this capital support for BTC or the hot event of BTC again? Which leaves us guessing

We will all hope for a better BTC

I hate to bring up politics because we BTC believers don't associate ourselves with politics but today's events have forced me to do so
As the US election draws closer, Mr Trump has been speaking out frequently
This in itself does not have much to do with us BTC believers, but we all understand that elections need supporters and need donations. It is precisely Mr. Trump who supports cryptocurrencies to make donations and has vowed that if he returns to office, he will end the hostility of the United States to cryptocurrencies and embrace cryptocurrencies.
"Joe Biden doesn't even know what cryptocurrencies are, if you like cryptocurrencies, you better vote for Trump."

I personally feel that there is absolutely no need to link politics with our beliefs, so these enthusiastic netizens do not agree with their comments
But there are some annotated messages that can be drawn from these published statements
1. Most people have a love for cryptocurrencies like BTC
2. Both countries and individuals will be associated with btc in the future, regardless of any cryptocurrency, remember that Bitcoin is the pioneer
3. The derivative technology through BTC technology will make our future life richer

From this, we can understand some of the views of the speakers to elaborate a problem that BTC "life" is the closest to us and will change our life in a way
So we don't talk about the fundamental political issues and we just want to make a qualitative change in our own lives and not let "it" affect us and that's the idea of BTC, isn't it?

According to BTc.ccom data, the height of btc's mining difficulty block is 842,688
The original mining difficulty was 88.4012T and is now 83.15T
From this data, we can see that the difficulty has decreased by 5.63%
According to the December 2022 analysis is by far the largest adjustment

At present, the average computing power of the whole network is 575.78EH/s

This can not help but let us think about the recent ETF listing as a digital gold BTC price maintained at 60,000USD for a long time, which has to remind us of recent hot events

As miners, it is easier for us to dig after the difficulty is lowered, but we have to wonder what policy will emerge next?

Your algorithm makes sense