BTC Due For A Massive Price Move 💪

Bitcoin longest winning run since March, BTC ETFs runner-up record day, BTC Hashrate chart, Gainers and Newbies.

AuthorAuthor

Traci Smith & Mike Cullison
June 05, 2024

GM 💡 This is Daily Gains, lighting up your inbox this evening with some of the best news in the crypto markets. 👀

In Today’s Crypto World:

  • Bitcoin Is Due For A Massive Price Move 💪

  • Bitcoin Posts Longest Winning Run Since March 📈

  • Bitcoin ETFs see runner-up record day with $887M inflows 😮

  • Gainers & Newbies 👀

  • AVENGERS (1963) #85 💥

  • Bitcoin Hashrate Chart 🚀

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

Bitcoin Is Due For A Massive Price Move: Onchain Analysts

Bitcoin's price is due for a drastic move as sellers and buyers both appear exhausted within the current price range.

cryptonews.com

Bitcoin Posts Longest Winning Run Since March on Rate-Cut Wagers

(Bloomberg) -- Bitcoin poked above the $71,000 level and flirted with a gain for a fifth straight session, reflecting greater confidence in global markets about the prospect of Federal Reserve interest-rate reductions this year.

finance.yahoo.com

Bears rekt: Bitcoin ETFs see runner-up record day with $887M inflows

U.S. spot Bitcoin ETFs on June 4 saw their second-highest net inflow day in their five-month history.

cointelegraph.com

DEGEN PLAYS
GAINERS & NEWBIES 👀 

*Market insights are updated daily.

VEVE & NFT
AVENGERS (1963) #85 💥

CHART OF THE DAY
BITCOIN HASHRATE CHART 🚀

What Is Bitcoin Hashrate?

Bitcoin hashrate is a metric connected to the process of Bitcoin mining.

Bitcoin mining is the process of solving complex mathematical puzzles to be rewarded with bitcoin. The process of Bitcoin mining secures the network and also confirms that transactions on the blockchain are correct.

Mining hash rate is therefore a key security metric for Bitcoin. That is because the greater the levels of hashing power (can be thought of as computing power) that is operating on the network, the harder it would be for someone to overpower and attack the network.

OWL’S EYE VIEW
Crypto Video Spotlight 🔦

HOOT’S OF ENLIGHTENMENT
BINANCE SAVES YOU MONEY 💵

BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, known for its utility and strong performance. Key points include:

  1. Utility: BNB is used for trading fee discounts on Binance Exchange, saving users money.

  2. Versatility: It powers transactions on Binance Smart Chain (BSC), facilitating DeFi projects, dApps, and NFT platforms.

  3. Burn Mechanism: Binance regularly burns BNB to reduce supply, increasing scarcity and potentially driving up value.

  4. Adoption: Widely accepted for payments, travel bookings, and more, expanding its real-world use.

  5. Strong Backing: Supported by Binance, one of the world's largest and most reputable crypto exchanges, ensuring robust infrastructure and security.

These attributes make BNB a valuable and versatile asset in the crypto world.

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Brought To You By: DailyGainsCrypto.com 

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.05/31/2024