Bitcoin price jumpin’! Supply shock brewing fr, global adoption, Peru documentary

Today’s Bitcoin news!

PRICE UPDATE:

Today Bitcoin has jumped up above $65k! If we get above $66k and stay there for a bit it might indicate a momentum shift, at least in the short term.

WE’RE SO BACK LOL:

We are back, baby. #Bitcoin. POST: https://twitter.com/CarlBMenger/status/1790770780025901133

WEN MOON?:

Historically, bitcoin miner revenue recovers 2-5 months after a halving, and after that bitcoin price goes vertical🔴. POST: https://twitter.com/100trillionUSD/status/1790354750992519500

Historically, bitcoin miner revenue recovers 2-5 months after a halving, and after that bitcoin price goes vertical🔴.

The halving event signals the start of a new bull cycle, but it generally takes a while to play out. On average, it takes ±160 days of chop, while we've seen ±65 so far this cycle. This could take a while, but be patient. The rewards are worth it. #Bitcoin. POST: https://twitter.com/CryptoJelleNL/status/1790656739513127334

SUPPLY DROPPING:

Third largest #Bitcoin outflow this year from Coinbase almost $1B. Just 24 hours after the exchange reported a system wide outage. We are going so much higher. POST: https://twitter.com/jvs_btc/status/1790661762045337900

Third largest #Bitcoin outflow this year from Coinbase almost $1B. Just 24 hours after the exchange reported a system wide outage. We are going so much higher.

#Bitcoin reserves at Coinbase gets drained, currently at ~267k, down from 418k early 2024. POST: https://primal.net/e/note13gxwv5d6a3f4pt69k8lxvfgqxcr68n75yqnsmanqr0er47zvc83sj8gwmk

#Bitcoin reserves at Coinbase gets drained, currently at ~267k, down from 418k early 2024.

HISTORY / BITCOIN, NOT CRYPTO:

✨ LUNA crashing to $0 in 1 day, exactly 2 years ago. A lasting reminder to #Bitcoin not crypto 💫. POST: https://primal.net/e/note1nj6kgtlxyvj5v048ar4l3xfrs9k2fc2006lkk8jxuytuym7hejnsvqgz87

LUNA crashing to $0 in 1 day, exactly 2 years ago. A lasting reminder to #Bitcoin not crypto 💫.

MINING USING GEOTHERMAL ENERGY:

🌋 Using geothermal energy from the Tecapa volcano, El Salvador has mined 474 #BTC valued at $29M. This eco-friendly initiative boosts the country's total holdings to 5,750 #Bitcoin (~$360M). 🇸🇻. POST: https://twitter.com/btc/status/1790796508998025226

ADOPTION:

💥 NEW DOCUMENTARY - Peru's Hidden Bitcoin Revolution. We visited 4 of Peru's most isolated villages to discover hundreds of people living on a full Bitcoin standard - all powered by a non-profit organization that is revolutionizing community building in Peru. Join @Isa ⚡️ and me on an 8 day journey across mountains, deserts and jungles to discover the truth behind Peru's Hidden Bitcoin Revolution!

NEW DOCUMENTARY - Peru's Hidden Bitcoin Revolution. We visited 4 of Peru's most isolated villages to discover hundreds of people living on a full Bitcoin standard - all powered by a non-profit organization that is revolutionizing community building in Peru.

IS SURINAME THE NEXT BITCOIN COUNTRY? 👀. “Hopefully over the next couple of months we'll have #Bitcoin as legal tender, at least under this government. And either way, I'm running in the next election.” — Bitcoiner & Suriname Presidential Candidate @Maya with @walker. POST: https://primal.net/e/note1d6mu2rxw05d98twa7l6dqf6uxyaaq2j9epd8ws0zzecsmjv0cpqqrjrhu6

The African Bitcoin ecosystem Q2 2024. POST: https://primal.net/e/note1w3xm95xafuqmf7uzf8dwlkrcfuwk8s24alyje0ch4s2g80yqgacsl89aw6

The African Bitcoin ecosystem Q2 2024.

FIAT/GOVERNMENT NONSENSE:

JUST IN: 🇺🇸 Federal Reserve's Kashkari says "#Bitcoin has little practical use, it's not an investment vehicle or a currency.” POST: https://primal.net/e/note12gnl023ldhsy6nzy9evsctp9r8sdtp2ujt53znesy20fwfzqhxls03k77c

They ain't messing around. The plan must move ahead. POST: https://primal.net/e/note1xrzxy3etpe8m5q8m9a03mn0vn58wwycz6xvpjl5h7hr9pflk062ssu9cfz

They ain't messing around. The plan must move ahead.

FUNDAMENTAL BITCOIN RIGHTS:

JUST IN: Governor Kevin Stitt of Oklahoma signs HB3594 into law. This historic step makes Oklahoma the first state to formally recognize and protect the rights of its citizens to run a node, mine, and self-custody #Bitcoin. POST: https://primal.net/e/note1w2ym57ayu4s6jjl58ek0j2ferp3mrcywr40t4k4km8jwzu5spcaq0y7p9g