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🪙#BTC

📈Updated the recent high and even managed to reach the psychological milestone of 50K, but it has not been broken through yet, and this is crucial!

❗️The current movement still constitutes the second test of the -27% Fibonacci zone. To continue the upward trend, it is necessary, at a minimum, to surpass the 51K level, and ideally, firmly establish above it.

⚠️Today, data on the Consumer Price Index (CPI) in the US is being released — an important indicator in measuring inflation. The Federal Reserve's further course regarding monetary policy will depend on this data. If things go poorly, the market will react accordingly — with a BTC bounce from the -27% Fibonacci zone and a decline.

Therefore, it's better to make trading decisions based on these indicators. Let's observe; the data will be released today at 16:30 MSK. Forecast — 2.9%, current indicators — 3.4%.

Bitcoin dominance: 53.94%;
Fear and Greed Index: 79 (extreme greed);
Altcoin Season Index: 47;
Market capitalization: $1.82 trillion.



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🪙#BTC

📈Updated the recent high and even managed to reach the psychological milestone of 50K, but it has not been broken through yet, and this is crucial!

❗️The current movement still constitutes the second test of the -27% Fibonacci zone. To continue the upward trend, it is necessary, at a minimum, to surpass the 51K level, and ideally, firmly establish above it.

⚠️Today, data on the Consumer Price Index (CPI) in the US is being released — an important indicator in measuring inflation. The Federal Reserve's further course regarding monetary policy will depend on this data. If things go poorly, the market will react accordingly — with a BTC bounce from the -27% Fibonacci zone and a decline.

Therefore, it's better to make trading decisions based on these indicators. Let's observe; the data will be released today at 16:30 MSK. Forecast — 2.9%, current indicators — 3.4%.

Bitcoin dominance: 53.94%;
Fear and Greed Index: 79 (extreme greed);
Altcoin Season Index: 47;
Market capitalization: $1.82 trillion.

BY Canal Criptomacondo




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Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. It’s a tough job. People who choose to mine Bitcoin use a process called proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.To entice miners to keep racing to solve the puzzles and support the overall system, the Bitcoin code rewards miners with new Bitcoins. “This is how new coins are created” and new transactions are added to the blockchain, says Okoro.

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