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I come to bring you the latest Bitcoin news ๐Ÿ”ธโ–ช๏ธโ™พ๏ธ

#Bitcoin has a CME GAP at the bottom ๐Ÿ‘€

90% of CME GAPs fill up sooner or later.

๐Ÿ’ฐ Bitcoin hashrate reaches 692 EH/s and is approaching the 700 EH/s milestone

After breaking the July 25, 2024 record on Saturday, September 7, Bitcoin's hash rate has continued to rise and has now reached an impressive 692.28 exahash per second (EH/s) on September 8, which is more than 13 EH/s above the previous level. On Sunday, September 8, 2024, Bitcoin's total hash rate skyrocketed to an impressive 692.28 EH/s, inching closer to the 700 EH/s milestone. This marks another all-time high for the Bitcoin network this week.

Bitcoin price on the day of each Halving (every 4 years)

Where do you think it will be in 4 years following the pattern?

Bitcoin This cycle is unlike any other.

The price reached a new all-time high before the halving and has stagnated since then.

Technically, it is still ahead of where previous cycles would be relative to the previous cycle highs.

๐Ÿ”ฅ NEW: ๐Ÿ‡บ๐Ÿ‡ธ A new report from River, a #Bitcoin ๐Ÿ’ฐ fintech company, predicts that 10% of U.S. ๐Ÿ‡บ๐Ÿ‡ธ based companies will convert 1.5% of their treasury reserves equating to roughly $10.35 billion into #Bitcoin over the next 18 months ๐Ÿ‘€

U.S. Bitcoin had 8 consecutive daily outflows ๐Ÿ‘‡

Longest streak with a total of -$1.18 Billion outflow ๐Ÿงฎ

โ BTC analyst sees "largest bullish cycle" with USD 45K as minimum price

According to analyst Michaรซl van de Poppe, some "final corrections" await the price of BTC before starting a bull run that would last at least two years.

New whale alert

Mr500 ๐Ÿ˜ณ๐Ÿš€

Who is Mr500?โ€Œโ€Œ ๐Ÿ‘€

Key events this week in the US:

1. OPEC monthly report - Tuesday

2. CPI inflation data for August - Wednesday

3. Data on initial unemployment benefit claims - Thursday

4. PPI price data for August - Thursday

5. Data on continuous unemployment benefit applications - Thursday

6. University of Michigan Consumer Confidence Data - Friday

This is the last week of inflation data before the long-awaited September Fed meeting.

September 2024 has yet to show a single green day on the S&P 500.

๐Ÿ’ฐ#Bitcoin 1D

The light green area is almost full.

$BTC made a small bounce, nothing exceptional so far!

#Bitcoin Bottom to Top vs. 4 & 8 Years Ago

Current Price: $53,998

Price 4 Years Ago: $10,124 (Scaled: $50,089)

Price 8 Years Ago: $626 (Scaled: $56,048)

as of 09/08/2024

#Bitcoin hash rate reached a new ATH!

$BTC

September trend line ๐Ÿ‘€โ€Œโ€Œ

in Q3 of an election year, $BTC has always bottomed in July or August, never September

๐Ÿšจ Blackrock Holds.

Zero outflows

๐Ÿšจ Telegram CEO Pavel Durovโ€™s first statement since last months arrest in France ๐Ÿ‘€

Tools like #Bitcoin and NOSTR are critical.

๐Ÿ’ฐ#Bitcoin Halving progress 9% ๐Ÿ‘€

The Bull Run could begin in the next 30 daysโŒ›๏ธ

Tic Tacโฐ