#莱特币ETF Chilling' and trading' setup on point! | Emefa_6e2Efo badoo on Binance Square

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#莱特币ETF  Chilling' and trading' setup on point!

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how can the BTC drop

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USDC’s Explosive Growth Just one year ago, in March 2024, USDC’s market cap sat at $30 billion. Now, it has doubled to 60.2 billion—a staggering 100% year-over-year increase. Despite this impressive surge, Tether remains king with a market cap exceeding $144 billion. However, USDC’s steady growth suggests a shifting landscape, where multiple stablecoins could thrive rather than a single dominant player. $BNB

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Bitcoin Price Analysis of the Last 24 Hours Bitcoin has been on a gradual bullish trend in the past few days. The last 24 hours have been no different, capitalizing further on the bullish momentum thus far. Bitcoin was trading at $83,875 at the beginning of the day. As the day progressed, Bitcoin climbed upward, recovering from an oversold RSI. A very gentle uptrend commenced, as the BTC price reached $84,330 by 10:40 UTC. Around the same time, a golden cross appeared as Bitcoin spiked slightly upward, and entered an ascending channel. The channel took the BTC price to $85,400 by 17:30 UTC. The price eventually broke out downward, as an uptrend commenced, taking BTC all the way up to $86,623 by 00:30 UTC on March 24. Chart 1: analyzed by raodevansh18, published on TradingView, March 24, 2025 The RSI’s foray into overbought levels corroborated a serious price drop, taking Bitcoin steep, but the buying pressure soon came to the rescue, taking Bitcoin upwards from $85,360. The steep uptrend continued, taking BTC up to $87,868 by 10:50 UTC. The price at the end seemed to be breaking out of the upward channel. $SOL

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Cathedra Bitcoin Inc., the popular Bitcoin mining infrastructure company, has announced a remarkable debt restructuring program in a bid to enhance financial stability. According to this initiative, the company will be retiring C$5.7 million of convertible debt at a discount. Also, the company plans to cancel 10.8 million stock warrants. These bold moves are intended to organize Cathedra’s balance sheet and improve its operational liberty in the currently volatile cryptocurrency market. Cathedra’s Debt Restructuring Plan The restructuring involves settling a portion of the outstanding debenture, which originally was around C$10.7 million, by converting it into equities. This will result in the allocation of around 96 million common shares, each at a price of C$0.1114. After this settlement, Cathedra has reduced its remaining debt to C$5.7 million, which has also been granted an extended date to November 2025. The decision showcases Cathedra Bitcoin Inc.’s active attitude toward managing its financial responsibilities amidst challenging market conditions, especially in a sector like cryptocurrencies where Bitcoin prices can impact their operations significantly. The cancellation of stock warrants also simplifies the company’s money management and reduces potential dilution for existing shareholders. $BTC

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See my returns and portfolio breakdown. Follow for investment tipshttps://www.binance.com/activity/referral-entry/CPA?ref=CPA_006ONXSVGR&utm_medium=web_share_copy$BTC #BinanceAlphaAlert

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