#BinanceMegadropSolv Binance Launches Solv Protocol (SOLV) Megadrop: Earn Exclusive Rewards by Staking BNB or Completing Web3 Quests Binance has launched the Solv Protocol (SOLV) Megadrop, the 3rd project on Binance Megadrop. The initiative offers participants the opportunity to earn SOLV token rewards by staking BNB in Locked Products or completing designated Web3 Quests. SOLV Megadrop Key Highlights Project Overview: Solv Protocol (SOLV) is an innovative Bitcoin staking platform focused on building a Bitcoin-centric financial ecosystem. Megadrop Timeline: Participation begins at 2025-01-07 00:00 (UTC) and ends at 2025-01-16 23:59 (UTC). Binance Listing Date: Trading starts at 2025-01-17 10:00 (UTC) with SOLV/USDT, SOLV/BNB, SOLV/FDUSD, and SOLV/TRY pairs.
Home Altcoins News Bitcoin’s Latest Surge Explained: Key Drivers Behind the Price Boom Bitcoin’s Latest Surge Explained: Key Drivers Behind the Price Boom MikeT November 15, 2024 Share on Follow us on Google news Bitcoin surge Bitcoin’s recent price surge has caught the attention of investors worldwide, leaving many wondering what’s fueling this rally. Over the past week, the world’s largest cryptocurrency experienced a significant boost, climbing to new record levels. Despite a slight pullback, Bitcoin remains in an upward trend, showcasing the resilience of this digital asset.
As of this week, Bitcoin hit a high of $93,477 on November 13, a remarkable feat for the crypto market. The price has since adjusted slightly, trading around $91,079 at the time of writing. Even with this minor correction, Bitcoin’s value has risen by 4.4% today, marking a robust 21.7% increase in just a week.
Political Shifts Boost Market Confidence One of the key factors driving Bitcoin’s recent rally is the growing belief that the crypto market is entering a new bull phase. This optimism has been partly fueled by recent political developments in the United States. The victory of Donald Trump in the presidential election has reignited investor interest in Bitcoin. Known for his favorable view on cryptocurrencies, Trump’s return to the White House has hopes for more supportive crypto regulations.
$BTC Cryptoharian – Since it was first introduced in 2028, Bitcoin (BTC) has continued to be debated. Negative narratives such as fear, uncertainty and doubt (FUD) often emerge, especially when Bitcoin experiences a price increase.
Reporting from cointelegraph.com, although it is now recognized by large financial institutions, investors, and politicians, criticism of Bitcoin is still rolling.
Is It True That Bitcoin Has No Value? One of the biggest criticisms of Bitcoin is the claim that Bitcoin has no intrinsic value. Figures such as Warren Buffet and the late Charlie Munger have even openly called Bitcoin rat poison and contrary to the interests of civilization.
However, Bitcoin supporters such as Dan Held explain that Bitcoin's value lies in its scarcity and usefulness. With a maximum of only 21 million coins, Bitcoin is often referred to as 'digital gold' because it is considered capable of maintaining value like gold.
In addition, economists Aleksander Berentsen and Fabian Schar point out that fiat currencies such as the US dollar or the Euro also have no intrinsic value, so the criticism is considered unfair.
Is Bitcoin Just a Bubble Like Tulip Mania? Bitcoin's rapid rise in price has often been compared to economic bubbles in the past, such as the Dutch 'tulip mania' in the 17th century. Some figures, such as JP Morgan CEO Jamie Dimon, have called Bitcoin a fraud. However, his views have changed over time, and now JP Morgan even invests in Bitcoin through ETFs.
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The attractive MAD Exit replaces the traditional stop. The MAD Exit prevents traders from being stopped out too early and can also reduce the size of losses.
The unique thing is that the MAD Rebound strategy seems to be best suited for trading when the market is moving up and down in a range. Range strategies are rare and useful! This strategy is less useful when the market is moving strongly in one direction. Also avoid early morning trading when price differences can distort the average value.
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