As the spot ETF approval window approaches, the pressure index of the US Securities Regulatory Commission is increasing. The battle for the 2024 election year has started early, with Republican Whip Tom Emmer calling for a wave of support aimed at firing SEC Chairman Gary Gensler. #bitcoinnews #bitcoin #altcoins #altcoinseason
Bitcoin is holding above the 50-day and 200-day moving averages, sending a bullish price signal. If Bitcoin returns to the $44,000 mark, bulls will target the $44,690 resistance and the December 8 high of $44,747. #bitcoin #news #crypto #altcoinseason #bullrun
The US listed company MicroStrategy increased its holdings significantly, purchasing 14,620 Bitcoins for US$615.7 million. Billionaire Elon Musk released two major positive news, which increased investors' long-term confidence. The outflow of U.S. dollar funds triggered large-scale safe-haven buying, creating an "overnight bullish" drama for Bitcoin.
Marathon Digital also announced the acquisition of two Bitcoin mines in Texas and Nebraska for US$178.6 million. This decision will increase the production capacity of its Bitcoin mining portfolio by 56% to 910 terawatts. #bitcoinews #cryptonews #altcoinseason
The market generally expects that the Bitcoin halving cycle will arrive in April 2024, and Marathon Digital has made arrangements in advance to eliminate the growing market competition. The "halving" will trigger Bitcoin deflation, and miner rewards will be halved. This has triggered Bitcoin mining companies to buy a large amount of equipment recently to avoid falling victim to a new round of competition. #bitcoin #binance #news #halving
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