IMF has published a report on the intensity and widespread nature of BTC transactions. BTC halving is out barely three days, with CNN calling the event the ‘World Cup of Bitcoin’ Bitcoin price has closed above the $60,000 threshold for 49 days in a row as bulls defend against further downside. BTC collected some liquidity below $60k, but not all, increasing likelihood that we see another leg down to $57,000 to $59,000.
Google searches for #Bitcoin halving is at an ATH pic.twitter.com/MgoyYsEUyY — Bitcoin Magazine April 18, 2024 It comes as the countdown climaxes, out less than 36 hours with only 199 blocks remaining, according to data on CoinGecko. Amid the hype, with traders expecting that this event will kickstart the next bull cycle, CNN says the “halving is the World Cup of Bitcoin.”
CNN says the halving is the World Cup for #Bitcoin pic.twitter.com/dhfeQ8cehc — Bitcoin Magazine April 18, 2024 Elsewhere, the International Monetary Fund has published its Global Financial Stability Report detailing how Bitcoin is widespread and its transactions are intense. The report also indicated that BTC disrupts the world order, enabling sovereignty amid sanctions, adding that it demands regulatory action.
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