Welcome to the Bitcoin Street Journal. Bitcoin
Market Update, the podcast that brings you daily
live updates on the ever -changing Bitcoin market.
Stay informed with our in -depth Bitcoin technical
analysis as we explore the current price of Bitcoin,
BTC, market capitalization, and market supply.
Get ready to dive into the world of cryptocurrency
and stay ahead of the game. In today's episode,
we'll cover BTC reaching $1 .69K and the rise
in Hashrati. increased merchant adoption in Lugano
and Bitcoin exploration by Mexico's central bank,
Bitmain's potential increase in Core Scientific's
Hashrati, ongoing Mt. Gox reimbursement, the
selling of Bitcoin by miners after the U .S.
Federal Reserve's interest rate hike announcement,
Bitwise withdrawing their application for a Bitcoin
futures fund, concerns about money laundering
in El Salvador's Bitcoin adoption, and the indictment
of Senator Menendez for corruption. Additionally,
we'll discuss the Bitcoin education for El Salvadoran
teachers and the all -time high amount of Bitcoin
in addresses with 0 .1, 1 BTC, as well as various
news such as Nigeria's top Google searches for
Bitcoin and Prague hosting the Hacker's Congress.
Hey everyone, let's dive into some interesting
updates in the world of Bitcoin. First off, can
you believe it? On November 10th, 2021, the BTC
USD price reached a peak of $69 ,000. That's
impressive. However, as we all know, the markets
can be quite volatile, and the price has since
dropped to $26 ,700. But don't despair, because
something else has been growing alongside the
price drop. I'm talking about the total network
hashrati, which on that very same day was around
165 EHS. And guess what? It has now exploded
to approximately 400 EHS. That's quite a jump.
It's fascinating to see how the demand to grab
the remaining 1 ,507 ,106 BTC has never been
higher. People are really enthusiastic about
getting their hands on those bitcoins. Moving
on to some global news. Lugano, Switzerland is
really making a name for itself in the world
of Bitcoin. It's becoming the El Salvador of
Europe, with more and more merchants adopting
Bitcoin as a form of payment. That's pretty exciting
stuff. It's great to see cryptocurrencies gaining
more acceptance and usability in the real world.
Did you catch this news? The Central Bank of
Mexico is getting the Bitcoin treatment. Looks
like they're exploring the possibilities of incorporating
Bitcoin into their financial system. It's always
interesting to see how different countries are
embracing cryptocurrencies and recognizing their
potential. Now let's talk about Bitmain's expansion
plans. They have some ambitious goals that could
boost core scientific's hash rate by 4 .1 exahashes.
That's a significant increase. It just goes to
show how the mining industry is evolving and
becoming more competitive. It'll be fascinating
to see how these plans play out once the judge
gives their approval. And here's a fun tidbit
for you all. The orb has been fixed. I'm not
quite sure what orb they're referring to, but
hey, we're all for positive news, right? Maybe
it's some sort of inside joke in the Bitcoin
community. If anyone knows more about it, feel
free to enlighten us. Now let's shift gears a
bit and talk about the ongoing Mt. Gox reimbursement
saga. It seems like this story just never ends.
Mt. Gox was once one of the largest cryptocurrency
exchanges, but unfortunately it suffered a major
hack and millions of bitcoins were lost. The
process of reimbursing the affected users has
been a long and complicated one. It's a stark
reminder of the importance of keeping control
of your private keys. Remember, not your keys,
not your bitcoin. Alright? That wraps up our
Bitcoin updates for today. It's always exciting
to dive into the world of cryptocurrencies and
see what's happening. Stay tuned for more news
and updates. Until next time, happy Bitcoining.
So I came across some interesting news in the
world of Bitcoin recently. It seems that Bitcoin
miners decided to change up their game a bit.
After a whole month of gathering and holding
on to their precious bitcoins, they suddenly
had a change of heart. Within just 72 hours of
the US Federal Reserve announcing that they would
be putting a pause on interest rate hikes, these
miners went ahead and sold a whopping 3 ,500
Bitcoin. Talk about a quick reversal, but that's
not all. I stumbled upon another piece of news
that caught my attention. A company called Bitwise
recently made a surprising move. They actually
withdrew their application to convert their Bitcoin
futures fund into a Bitcoin and Ethereum futures
fund. It looks like they are going all in on
Bitcoin. Why the sudden change? Well, I guess
only time will tell. Moving on, let's dive into
some political drama. In 2022, U .S. Senator
Bob Menendez had some strong opinions about El
Salvador's adoption of Bitcoin. He believed that
it would pave the way for money laundering and
corruption. But here's the ironic twist. In 2023,
Menendez himself was indicted for corruption.
It turns out he accepted a hefty bribe of $580
,000 in plain old cash and even gold bars. Who
would have thought? Well, it seems like there's
always something interesting happening in the
world of Bitcoin. Whether it's miners selling
off their stash or politicians getting caught
up in their own drama, this digital currency
never fails to keep us on our toes. I'm definitely
going to keep my eye out for more intriguing
stories like these. Who knows what other surprises
the world of Bitcoin has in store for us. But
for now, I'll just sit back and enjoy the show.
And that's a wrap, folks. Sometimes truth really
is stranger than fiction. Just when you think
you've seen it all, the Bitcoin world pulls out
another plot twist. But hey, that's what makes
this industry so exciting and unpredictable.
So until next time, keep your Bitcoin close and
your popcorn ready. You never know what will
happen next in this wild ride of digital currencies.
Source. Hey there, folks. I've got some exciting
news for you today. It seems that 50 public school
teachers in El Salvador are about to receive
a Bitcoin education to pass on to their students.
How cool is that? It's fantastic to see cryptocurrency
making its way into the classroom. But wait,
hold on a second, because there's more. We've
just learned that the amount of Bitcoin held
in addresses with 0 .1 to 1 BTC has reached an
all -time high. Can you believe it? This is amazing
news for those of you who have invested in Bitcoin.
Keep those virtual party hats on. And get this,
folks. The cohort that's holding all of this
Bitcoin we're talking about? Brace yourself,
because it's a whopping 1 .07 million BTC. That's
right, over a million Bitcoins. Can you even
begin to fathom that amount? It's mind -boggling.
Now let's talk about something interesting. Have
you ever heard of the term loading -having? Well,
apparently it's at 85 % right now. What does
that mean exactly? Well, to put it simply, it
means that the amount of Bitcoin being created
has reduced by 85%. That's pretty significant.
It's essential to stay informed about these changes
in the Bitcoin world. I want to take a moment
to give credit where it's due. Thanks to Root
for sharing this fantastic news. If you're curious
and want to know more about what Root is up to,
check out their website at x .com. Now let's
address something that has become a common expression
in the world of Bitcoin. HODL the line, soldiers.
It's become a sort of rallying cry for those
who believe in Bitcoin. The idea is that if you
hold on to your Bitcoin, you'll be rewarded in
the long run. It's like being a buyer of last
resort, ensuring that the value of Bitcoin keeps
going up. So remember hodl tight, my friends.
And here's another shout out to the Bitcoin therapist
for sharing a video related to all of this. You
can find the video at x .com slash the BTC therapist
slash status slash 1704845261850190284 dot. Thanks
for spreading the knowledge and insights. Bitcoin
therapist. All right, folks, that's all the juicy
Bitcoin news I have for you today. Isn't it fascinating
how Bitcoin is slowly making its way into various
aspects of our lives? From education to investment
strategies, it's clear that the world of cryptocurrency
is expanding. So keep on hodling and stay tuned
for more exciting updates in the Bitcoin realm.
Happy investing, everyone. Be investing. Hey
there, I've got some exciting news for you in
the world of Bitcoin. Let's dive right in. First
up, we have some interesting Google search stats.
Yesterday, Nigeria took the lead from El Salvador
as the country with the highest number of Google
searches for Bitcoin. Looks like Nigerians are
really curious about this digital currency. Now
shifting gears to an upcoming event. Bitcoiners
and privacy activists will be gathering in Prague,
the capital of the Czech Republic, for the 10th
annual Hackers Congress, Parallel Nepalus. This
is definitely an event to keep an eye on for
all you Bitcoin enthusiasts out there. In other
news, Michael Saylor, the well -known Bitcoin
advocate, has released a new song. Yes, you heard
that right. Saylor's artistic side is shining
through as he shares his passion for Bitcoin
through music. Don't miss checking out this catchy
tune. Moving on to a different form of creative
expression, there's a new documentary out that
tells the tragic yet beautiful story of Bitcoin's
impact on El Salvador. Produced by Bitcoin Shooter,
this film provides an insightful and emotional
look into the transformation happening in the
country. It's definitely worth a watch. Now let's
talk about an innovative way to mine Bitcoin.
How about peddling your way to some digital gold?
That's right, there's a source that shows how
Bitcoin mining can be done while you're cycling.
Talk about combining fitness and financial gains.
Shifting gears a bit, Jack Mallers, a prominent
figure in the Bitcoin world, explains what money
really is. His insights provide a fresh perspective
on the concept of currency and its relation to
Bitcoin. It's definitely worth listening to his
thoughts on this topic. Another interesting piece
of news comes from Jan Three's CEO, Samson Moe.
He explains why banks should be against central
bank digital currencies, CBCs. His arguments
shed light on the potential impact of CBDCs on
the traditional banking system. It's an eye -opening
interview, so make sure to catch that. Now let's
take a moment to visualize the value of Bitcoin.
There's a tweet from Bold Bitcoin that shows
how $1 .100 priced in Bitcoin has performed over
time. It's a fascinating chart that demonstrates
the growth potential of investing in Bitcoin.
Take a look. Here's some good news for all the
Bitcoin holders out there who may be getting
nervous about recent market fluctuations. Data
indicates that Bitcoin is actually performing
well, despite the ups and downs. So keep calm
and hoedl on. If you're wondering about the potential
returns on Bitcoin investments, here's an interesting
stat for you. If you had started investing $1
.70 daily in Bitcoin exactly one year ago, on
September 24th, 2022, you would now own one full
Bitcoin. That's quite a substantial return on
investment. Now let's talk about some upcoming
developments in the Bitcoin industry. Custodia
Bank is set to launch Bitcoin custody services,
according to Caitlin Long. This news highlights
the growing acceptance and integration of Bitcoin
into the traditional financial sector. Exciting
times ahead. And speaking of industry leaders,
Adam Back, a well -known figure in the Bitcoin
community, has a strong belief in the future
of Bitcoin. He describes Bitcoin as the gold
of the future, surpassing the limitations of
traditional gold as a store of value. It's an
intriguing perspective on the long -term potential
of Bitcoin. As we approach Bitcoin's next halving
event, you may be wondering what it entails and
how it affects the Bitcoin ecosystem. Luckily,
there's more information available for you to
dig into. Stay informed and seize the opportunities
that come with these significant moments in Bitcoin's
journey. And that wraps up our Bitcoin news for
today. Stay tuned for more updates and exciting
developments in the world of cryptocurrencies.
Remember, the world of Bitcoin moves fast, so
stay informed and keep those virtual wallets
ready for action. we covered a wide range of
topics, including the recent surge in Bitcoin's
price, the growing adoption of Bitcoin by merchants
in Lugano, Mexico's central bank exploring Bitcoin,
and ongoing developments in the Mt. Gox reimbursement
process, as well as the concerns raised by Bitcoin
adoption in El Salvador. We also discussed the
selling of Bitcoin by miners after the U .S.
Federal Reserve's interest rate hike announcement
and the withdrawal of Bitwise's application for
a Bitcoin futures fund. Additionally, we touched
on the increasing number of teachers in El Salvador
receiving Bitcoin education and the all -time
high of Bitcoin holdings in addresses with 0
.1, 1 BTC. Finally, we shared some interesting
Bitcoin -related news, such as Nigeria's top
Google searches for Bitcoin and Prague hosting
the Hackers Congress. Thank you for tuning in
to the Bitcoin Street Journal, Bitcoin Market
Update. your go -to source for daily live Bitcoin
market updates, current Bitcoin technical analysis,
BTC price fluctuations, market capitalization,
and market supply. Make sure to subscribe and
join us for our next episode.