
I am active in digital currencies and NFT and one of my favorite fields is sports
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๐ The biggest supplier during this period was Grayscale, which reduced its bitcoin reserve from 621,000 to 320,000 in three months. ๐ This heavy volume of supply could only cover part of the demand of other ETFs and did not have a tangible effect on the upward trend of the price.
๐ Layer 2 Base blockchain, which belongs to Coinbase, registers big numbers after Dencun Ethereum update! The above diagram shows the transactions of this network. ๐ Yesterday, Base recorded a daily transaction record of 3.2M+ and the number of active users reached 430,000 on the same day.
The 4th bitcoin halving has happened, I hope exciting things will happen ๐ฅ
๐ Bitcoin completed its bearish scenario by forming a strong candlestick and exiting the triangle pattern. The $61K level supported the price but there is still potential for a decline above $58K. Also, the $65K level is valid resistance in a bearish scenario.