Silk Road Bitcoin Sales, Surging Hashrate, and Musk vs Inflation - Breaking Down Today's Cryptocurrency Buzz
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Silk Road Bitcoin Sales, Surging Hashrate, and Musk vs Inflation - Breaking Down Today's Cryptocurrency Buzz
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Description
The Crypto Currently Podcast is your go-to hub for daily updates on the volatile cryptocurrency market. In this episode, we issue the projection of US Marshals selling off a considerable...
show moreMichaël van de Poppe's forecast of a possible bullish breakout in the digital asset market also gets discussed, including expected positive outcomes for altcoins. We delve into XRP's current crucial support level and the speculations around its future, while noting Curve (CRV)'s thirty percent surge this week, outdoing the broader crypto market.
Notably, we address JPMorgan's analysis about the escalating unprofitability of Bitcoin mining, considering the required computational power has now surpassed the cryptocurrency's value. We wrap up the episode discussing Elon Musk's concerns concerning the U.S. government's significant budget deficit leading to inflation and how halting money printing could ease the situation. Be sure to tune in daily for the latest crypto news and developments!
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