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Dione Koegel a55E
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Five Successful Years Since Solana was created on March 16, 2020, the crypto has grown to become one of the top 10 digital assets today. In an X post, Solana shared what it has accomplished over the course of its half-a-decade existence, citing that it has facilitated over 408 billion SOL transactions, more than 1,300 validators, and at least $987 billion in volume. Happy 5th birthday Solana fam!
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#bitcoin Bitcoin is not the only one that has suffered. Investors are becoming concerned as the flagship cryptocurrency has followed the recent decline in the S&P 500. But if past performance is any indication, Bitcoin might be experiencing a resurgence. United States President Donald Trump assumed office in November for a second term, but since then, the US stock market has dropped by about 10%. Since the global recession hit the markets hard in 2009, this is the worst start to a US presidency. Although there are numerous causes for this decline, uncertainty on economic strategy and worries about inflation have contributed. In the past, it has often signaled impending volatility when the S&P 500 and Bitcoin decline simultaneously. The bear market of 2022, which saw prolonged losses, was the last time both markets fell precipitously at the same time. Not all dips, though, lead to protracted downturns. Some have led to a notable rebound, especially since the cryptocurrency’s halving cycles picked somewhere
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BTC Price Bitcoin fell under $77,000 earlier in the week, but the asset has since been making some recovery as its price is now back at +/+/- $82,500.
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Miners often sell BTC to cover operational costs, especially during price declines. If miner selling pressure continues, it could limit Bitcoin’s ability to recover in the short term. However, if buyer demand remains strong enough to absorb the excess supply, Bitcoin may stabilize at its current levels before attempting a rebound. on cryptoflare
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Latest News
Bitcoin News Today: Bitcoin Bulls Load Up on Long Positions as Fed Holds Rates Steady
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Bitcoin News Today: Bitcoin Could Rally Despite Fed Holding Rates — Here’s Why Crypto May Still Surge
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Bitcoin News Today: Bitcoin Must Hold Above $95K to Avoid Short-Term Correction, Bitfinex Warns
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Bitcoin News: Bitcoin Realized Cap Hits $890B as Bulls Eye Breakout Toward $100K
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Market News: Fed Holds Interest Rates Steady Amid Rising Risks of Inflation and Unemployment
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