🐂 The Slowest BTC Bull

Bitcoin Market Cycles & Trump Pushes for USA Mining                                                                                                                                                                                                                                                                                                                                                                                                                 August 27, 2024 | [Read Online]( [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20Bitcoin%20Minimalist&body=%F0%9F%93%88%20Fed%20Speculation%20Boosts%20BTC%3A%20Bitcoin%20Market%20Cycles%20%26%20Trump%20Pushes%20for%20USA%20Mining%0A%0Ahttps%3A%2F%2Fbitcoinminimalist.com%2Fp%2Ffed-speculation-boosts-btc) First time reading? I’m [Jordan](, and this is The Bitcoin Minimalist. Every Tuesday & Thursday, we scour 100s of sources to bring you need-to-know Bitcoin insights. Get Bitbo’s monthly reports & analysis with Bitbo PRO. [GET BITBO PRO]( WHAT WE’RE WATCHING 📈 [Bitcoin surged 7%, reaching $65,000, following hints of a Federal Reserve rate cut.]( Robert F. Kennedy Jr.'s endorsement of Donald Trump also contributed to the rise, fueling optimism about Bitcoin policies. Powell suggested rate cuts could soon occur, adding to investor confidence. 🇺🇸 [Trump's push for USA-based Bitcoin mining challenges China's dominance, targeting Bitmain, which controls 90% of the mining hardware market.]( U.S. firms like Core Scientific and Marathon Digital are now seeking alternative suppliers, such as Block Inc. and Auradine, amid rising anti-China sentiment. 💻 [AMOS malware now targets Mac users by cloning popular wallet apps like Ledger Live, posing a major security risk.]( Distributed through Google Ads, it mimics legitimate software like Loom and Figma to steal funds. Cybersecurity experts warn it may soon clone other crypto wallets as well. 💰 [Semler Scientific has acquired 83 Bitcoin for $5 million, raising its total holdings to 1,012 BTC.]( The medical tech firm ranks [17th among public companies with Bitcoin](, emphasizing its confidence in the Bitcoin as a store of value over gold. 🗣️ [President Nayib Bukele promotes El Salvador as a "free speech haven" amid global concerns.]( This follows the recent arrest of Telegram CEO Pavel Durov in France. Bukele emphasized the country's safety, lack of censorship, and Bitcoin adoption, positioning El Salvador as a unique destination for free speech and economic innovation. IN THE LOOP - Thai authorities [raided a Bitcoin mine]( stealing electricity, a growing issue in Southeast Asia. - Bitcoin miner Rhodium [filed for Chapter 11 bankruptcy]( in Texas with up to $100 million in debt. - Bitcoin inflows[Â]([hit $543 million]( last week after hints of an interest rate cut. - Hong Kong's Bitcoin ETFs now [hold HK$2 billion]( ($272M) in assets. - A judge [ruled]( the SEC’s lawsuit against Kraken will proceed to trial. - The founder of Telegram, which is popular among Bitcoin users, was [arrested]( in France. POLL What caused the Bitcoin price to go to $65,000 on Sunday? [Fed rate cut speculation]( [RFK Jr endorsing Trump]( [Simple supply & demand]( [Other (leave a comment)]( THURSDAY’S POLL RESULTS Which do you believe has more of an impact on Bitcoin's price? ETFs - 58.3% Exchanges - 20.8% Futures - 20.8% ETFs - “It seams the ETFs are more accessible to either retirement accounts or people who just don't know or understand Bitcoin.” - Aiden ETFs - “It comes down to broader retail acceptance with FA's / RIA's and the idea of a 3-5% allocation.” - Chris Futures - “Certain actors are using futures to manipulate the spot price -- takes time to understand for normies, one needs to look at silver / gold etc.” - Matt VIDEO Rekt Capital lays out his [Bitcoin market cycle]( theory, which claims Bitcoin works in 3 cycles: - Bear - Accumulation - Bull CHARTS & DATA Bitcoin Bull Markets - The [red line above shows Bitcoin’s performance since breaking the previous cycle ATH](. Compared to previous cycles, Bitcoin has been going up at a slower rate since breaking the previous cycle all-time high. Days since Halving - This [Bitcoin halving cycle (red line), Bitcoin performed better than any other 4-year cycle before the halving](. However, since the halving, it has been increasing slower than every other cycle besides the 2020 cycle. Bitcoin Market Cycles - A look at [Bitbo’s market cycles chart](, which attempts to pinpoint Bitcoin cycles using blockchain data. Bitcoin Fear & Greed - [Bitcoin Fear & Greed is creeping back up](, and now stands at 48 after being in the fear zone just 3 weeks ago. New Bitbo Charts Never miss Bitbo's newest charts. Get an email when we post new charts. [Subscribe]( MORE FROM OUR COMPANY The Bitcoin Minimalist is run by Bitbo. Browse our most popular pages across our sites: [Bitbo Dashboard](: View live price action, monitor on-chain data, and track key economic indicators - all for free. [Bitbo Pro:]( Analytics & intelligence to supercharge your Bitcoin investing & trading. [Bitbo Charts:]( Useful Bitcoin charts, featuring on-chain metrics and other Bitcoin analysis. [Bitbo Store:]( Shirts, hats, hoodies, mugs, and other merch for Bitcoiners. [Halving Clock:]( Track the countdown to the Bitcoin halving with our Bitcoin halving clock. Share Bitcoin Minimalist You currently have 0 referrals, only 1 away from receiving Free Report: Why Bitcoin Will Continue to Grow. [Free Report: Why Bitcoin Will Continue to Grow]( [Click to Share]( Or copy and paste this link to others: [ [tw]( [yt]( Update your email preferences or unsubscribe [here]( © 2024 Bitcoin Minimalist / Wallabit Media LLC 1209 Mountain Road Pl NE Ste R Albuquerque, NM 87101, United States of America [Terms of Service](