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$BTC
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Breaking News: As Bitcoin skyrockets past $111,000, Binance founder Changpeng Zhao (CZ) has urged investors to adopt a long-term mindset, advising, “Don’t forget to look at the annual chart instead of the 1-minute chart sometimes,” while reflecting on the recent rally and expressing empathy for those who sold prematurely at $77K, reiterating his philosophy to “HODL and$BTC zoom out.” With Bitcoin currently hovering around $111,757 and speculation mounting over potential targets of $120,000 or beyond, the crypto community is debating whether to hold firm or secure profits amid the bullish momentum—what’s your strategy?
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Cryptocurrency Market Sees Mixed Performance with Notable Gains and Losses AI Summary According to PANews, several cryptocurrencies experienced significant fluctuations in their market values on May 3. Leading the gains were WIF, which is currently priced at $0.629, showing a daily increase of 2.21%. AR followed with a price of $7.975, marking a rise of 2.01%. TRX is valued at $0.248, with a growth of 0.64%, while MKR stands at $1550.6, up by 0.34%. CRV also saw an increase, priced at $0.726, with a gain of 0.29%. Conversely, several tokens faced declines. RAY is currently priced at $2.818, experiencing a drop of 4.45%. LPT follows with a price of $4.818, down by 4.27%. NEAR is valued at $2.471, showing a decrease of 4.26%, while BSV stands at $37.84, down by 4.11%. EOS also saw a decline, priced at $0.715, with a reduction of 4.04%.
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Cipher Mining Reports April Bitcoin Production and Operations Update AI Summary According to Odaily, Nasdaq-listed Bitcoin mining company Cipher Mining has released its unaudited production and operations update for April. The report reveals that the company mined 174 BTC during the month. However, due to operational needs, Cipher Mining sold 350 BTC, reducing its Bitcoin holdings to 855 BTC, with 379 BTC used as collateral. By the end of April, the company's hash rate reached 13.5 EH/s. #Btc $BTC
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According to Odaily, the release of robust non-farm employment data on Friday has led major financial institutions Goldman Sachs and Barclays to predict that the Federal Reserve's next interest rate cut may be delayed until July. Goldman Sachs maintains its forecast for three rate cuts of 25 basis points each in 2025, scheduled for July, September, and December. However, the firm cautions that if employment data continues to show strength, the timing of these rate cuts could be further postponed.
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