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[staricrypto]

BTC Price Abruptly Dips Below $30K as Bitcoin Daily Candle Turns Sour

Introduction: BTC Price, the leading cryptocurrency, experienced a sudden dip below the $30,000 mark, causing concerns among investors and market participants. This blog post will delve into the factors behind this abrupt price decline and examine the implications of a sour daily candle for Bitcoin’s short-term outlook. By understanding the dynamics, investors can better navigate the volatile…

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Bitcoin’s Dwindling Supply: The Halving Mechanism and Its Impact on Scarcity

Bitcoin is more than just a digital currency—it’s a groundbreaking financial system built around a unique feature: its limited supply. Unlike fiat currencies that can be printed endlessly, Bitcoin’s supply is capped at 21 million BTC. This scarcity is driven by Bitcoin's halving mechanism, a process that cuts the block rewards for miners in half approximately every four years. With each halving, the supply of new Bitcoin entering circulation decreases, creating a dynamic of growing demand and shrinking supply.

What is the Halving Mechanism?

The halving mechanism is embedded in Bitcoin's code and is designed to happen after every 210,000 blocks are mined, roughly every four years. This mechanism ensures that over time, fewer and fewer Bitcoin are produced, leading to increased scarcity. When Bitcoin was first launched in 2009, the reward for mining a block was 50 BTC. Since then, the block reward has been halved multiple times:

2012: The reward dropped to 25 BTC.

2016: It was halved again to 12.5 BTC.

2020: The reward shrunk to 6.25 BTC.

2024: Following the most recent halving, the block reward now stands at 3.125 BTC.

How the Halving Reduces Daily Bitcoin Supply

The halving mechanism significantly impacts the number of Bitcoin mined each day. In the beginning, with 50 BTC rewarded per block, approximately 7,200 BTC were mined daily. After each halving, this number dropped:

2012: About 3,600 BTC were mined daily.

2020: Roughly 900 BTC were mined per day.

2024: Currently, with a block reward of 3.125 BTC, only 450 BTC are mined daily.

As the block reward continues to shrink, the daily Bitcoin production will become even smaller. By 2036, 99% of all Bitcoin will have been mined, leaving only 1% of Bitcoin to be mined over the following century. This drastic reduction in new supply is one of the most important aspects of Bitcoin’s scarcity and long-term value.

The Economic Impact of Bitcoin’s Scarcity

Bitcoin's design ensures that its supply will only become scarcer over time, making it more valuable. Much like precious commodities such as gold, the limited availability of Bitcoin positions it as a deflationary asset—one whose value increases as supply tightens and demand rises. Each halving intensifies this dynamic, putting upward pressure on Bitcoin's price as fewer coins are available for purchase or use.

With the next halving scheduled for 2028, Bitcoin’s daily production will fall to 225 BTC per day. By the time the final Bitcoin is mined, around the year 2140, the block reward will be reduced to just one satoshi—the smallest unit of Bitcoin, equivalent to 0.00000001 BTC. At this point, miners will no longer receive new Bitcoin as rewards, but they will be compensated with transaction fees to continue securing the network.

The Future of Bitcoin’s Supply: What Happens After 99% is Mined?

By the year 2036, we will have reached a major milestone—99% of all Bitcoin will have been mined. As we approach this point, the effects of Bitcoin's diminishing supply will become increasingly apparent. As supply decreases, demand is expected to grow, especially as more institutional investors and governments begin to adopt Bitcoin as a reserve asset.

After 2036, only 1% of Bitcoin will remain to be mined, with rewards decreasing at an exponential rate after each subsequent halving. As we move closer to the final halving and the ultimate limit of 21 million BTC, Bitcoin’s value as a scarce, deflationary asset will likely continue to grow, making it a critical store of value for individuals, institutions, and possibly even nation-states.

Bitcoin’s Halving and Its Role in Financial Sovereignty

The halving mechanism is more than just a technical feature—it is the foundation of Bitcoin's scarcity, which gives it its revolutionary potential. With fiat currencies facing the constant threat of inflation due to excessive money printing, Bitcoin stands out as a deflationary alternative that cannot be devalued by any central authority. Its predictable supply schedule makes it a safe haven for those seeking financial sovereignty and protection against inflationary pressures.

As Bitcoin’s supply dwindles, its role in the global financial system will only become more prominent. The halving mechanism ensures that Bitcoin remains scarce, creating a unique economic environment where supply and demand dynamics continuously drive its value higher.

Conclusion: The Power of Bitcoin’s Scarcity

Bitcoin’s halving mechanism is a crucial factor in its long-term success as a deflationary, scarce asset. Each halving reduces the number of new Bitcoin introduced into circulation, making the asset more valuable over time. As we move closer to the year 2036, when 99% of all Bitcoin will have been mined, the scarcity narrative will become even more pronounced. With the final reward being just one satoshi, Bitcoin’s hard cap of 21 million BTC guarantees its place as one of the most scarce and valuable financial assets in the world.

In a world of ever-expanding fiat currencies and government-controlled financial systems, Bitcoin offers a new way forward—a scarce, decentralized, and deflationary asset that empowers individuals with true financial sovereignty.

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If this article has sparked your interest in the transformative potential of Bitcoin, there's so much more to explore! Dive deeper into the world of financial independence and revolutionize your understanding of money by following my blog and subscribing to my YouTube channel.

🌐 Blog: Unplugged Financial Blog Stay updated with insightful articles, detailed analyses, and practical advice on navigating the evolving financial landscape. Learn about the history of money, the flaws in our current financial systems, and how Bitcoin can offer a path to a more secure and independent financial future.

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The Ultimate Guide to Cash App Withdrawal Limit for New Users

Cash App withdrawal limit is the maximum daily amounts that you can withdraw from your account using ATM withdrawals and debit card transactions. Cash App defaults to a $1,000 monthly limit on unverified accounts. However, you can request a higher limit by verifying some information about your Cash App account. You will also need to provide valid reasons ATM limit increase on Cash App. Cash App will evaluate this request.

Cash App will increase your ATM withdrawal limits if you make large transaction and higher transaction history. This shows Cash App that your account is a responsible one, and could lead to a higher limit over time. Upgrade to a verified account usually results in higher limits and more features. Contacting customer support can also be helpful. Explaining the need for higher Cash App limit and sharing any requested documentation could result in a successful increase.

What are the Cash App withdrawal limits for new users?

New Cash App users may be surprised to know that the company only offers limited ATM withdrawals. The restrictions are in place to protect users from fraudulent transactions. However, users can increase Cash App ATM withdrawal limit by completing identity verification. This process requires you to provide your full legal name and date of birth, along with the last four digits on your social security number. You will also need any government-issued ID that may be requested. The withdrawal limits for new Cash App users are mentioned below:

Cash App ATM Limit: The Cash App ATM withdrawal limit for new users is usually $250 per transactions. This means you can withdraw upto $250 per day, and $1,000 maximum over a 7-day period. These limits are same as those set by traditional banks, but they are important if you use your Cash App card for ATMs.

Cash App Bitcoin Withdrawal Limits: Cash App limits on the amount of Bitcoin that you can withdraw.  Cash App BTC withdrawal limit is typically $2,000 per day for new users. The maximum weekly limit is $5,000. Bitcoin transactions require additional security.

Cash App Bank Transfer Limits: Cash App also puts limitation on the amount of money that you transfer to linked bank account. However, these limits can vary depending on your account type. The Bank transfer limits on Cash App are typically $1,000 for unverified accounts. Once you have verified your identity, the Cash App transfer limit may be much higher.

How to Increase Your Cash App Withdrawal Limit?

Many users are interested in how to increase Cash App withdrawal limit. Cash App ATM withdrawal limits are currently limited to $1,000 for unverified account holders. However, this limit can be increase by verifying Cash App account. Here is how to do it:

Cash App requires users to verify their identity and increase limits. For this user must submit their full name, their date of birth and their last four digits from their Social Security Number (SSN).

Users should also check their Cash App balance and ATM withdrawal limits regularly via the Cash App to maximize their chances of getting a higher limit.

Moreover, using the app to pay bills, send money to friends or make purchases repeatedly can help build a history of your account that could increase the withdrawal limit in the future.

Cash App can trust users with higher withdrawal limits more easily if they link their bank account or debit card.

If approved Cash App will increase the ATM withdrawals and spending limit up to $7500 per week as well as receiving limit.

FAQ

How much can I withdraw from Cash App per day?

You can withdraw up to $250 per day from your Cash App account. You can even increase this limit by verifying your Cash App account.

How can I increase the Cash App ATM withdrawal limits?

Verifying your identity via the Cash App will increase your ATM withdrawal limit. You will need to submit your full name and date of birth along with the last four digits from your SSN.

What is the maximum Cash App BTC withdrawal?

The maximum BTC withdrawal on Cash App is $2,000 per day and $5,000 maximum per week.

How can I withdraw more than $250 from Cash App?

If you want to withdraw more than $250, you need to verify your Cash App account or contact the customer support team.

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@@{{How to Increase Your Cash App Bitcoin Withdrawal Limit: A Step-by-Step Guide}}@@

As the popularity of cryptocurrencies continues to rise, Cash App has emerged as a convenient platform for buying, selling, and withdrawing Bitcoin. However, users may encounter withdrawal limits that can restrict their ability to move large amounts of Bitcoin. Understanding how to increase these limits is essential for users who want to maximize their Bitcoin transactions. This guide provides a detailed explanation of how to increase your Cash App Bitcoin withdrawal limit, ensuring you can manage your cryptocurrency assets more effectively.

Understanding Cash App Bitcoin Withdrawal Limits

Cash App imposes certain limits on the amount of Bitcoin you can withdraw to an external wallet. These limits are in place to protect users and ensure the security of transactions. For unverified users, these limits are relatively low, which can be restrictive for those dealing with larger amounts of Bitcoin.

Default Bitcoin Withdrawal Limits

For unverified accounts, the Bitcoin withdrawal limits are generally:

Cash App Daily Bitcoin withdrawal Limit: 0.0002 BTC

Cash App Weekly Bitcoin withdrawal Limit: 0.0005 BTC

These limits can be significantly increased by verifying your account, which is a necessary step for serious Bitcoin users.

Steps to Increase Your Cash App Bitcoin Withdrawal Limit

To increase your Bitcoin withdrawal limits on Cash App, you need to complete the identity verification process. Here’s how to do it:

Step 1: Open the Cash App and Access the Bitcoin Section

Begin by opening the Cash App on your mobile device. Navigate to the Bitcoin section by tapping on the “Investing” tab at the bottom of the screen, and then select “Bitcoin.”

Step 2: Initiate the Verification Process

In the Bitcoin section, you will see an option to “Enable Withdrawals and Deposits.” Tap on this option to begin the verification process.

Step 3: Provide Your Personal Information

You will be prompted to provide several pieces of information, including:

Full legal name

Date of birth

Last four digits of your Social Security Number (SSN)

A scan of a valid government-issued ID (e.g., driver’s license or passport)

Step 4: Submit the Required Documentation

Once you’ve entered your information, you’ll need to submit a photo of your government-issued ID. Ensure that the photo is clear and all details are visible.

Step 5: Wait for Verification

After submitting your information and documentation, Cash App will review your submission. The verification process typically takes a few hours to a few days. You will be notified within the app once your account has been verified.

Step 6: Enjoy Increased Bitcoin Withdrawal Limits

Upon successful verification, your Cash App Bitcoin withdrawal limits will be increased. The new limits for verified accounts are typically:

Cash App Daily Limit: 2 BTC

Cash App Weekly Limit: 5 BTC

Tips for a Smooth Verification Process

Ensure All Information is Accurate: Make sure that all the information you provide matches your official documents. Any discrepancies could delay the verification process or result in a rejection.

Provide Clear Documentation: When submitting your ID, ensure that the image is clear and that all information is legible. Blurry or obscured documents may lead to verification delays.

Contact Cash App Support if Necessary: If you encounter any issues during the verification process or if your limits are not increased after verification, do not hesitate to contact Cash App support for assistance.

(FAQs)

1. Why is my Cash App Bitcoin withdrawal limit so low?

Low withdrawal limits are typically due to an unverified account. Verifying your identity with Cash App will increase these limits significantly.

2. How long does the verification process take?

The verification process usually takes a few hours, but in some cases, it may take up to a few days, depending on the volume of requests.

3. What happens if I exceed my Bitcoin withdrawal limit?

If you attempt to withdraw more Bitcoin than your limit allows, the transaction will not go through. You will need to wait until your limits reset or verify your account to increase your limits.

4. Can I request a limit increase beyond the standard verified account limits?

Yes, in some cases, you can request a higher limit by contacting Cash App support. This may require additional verification or providing further financial information.

5. Is there a fee for increasing my Cash App Bitcoin withdrawal limits?

No, Cash App does not charge a fee for verifying your account or increasing your Bitcoin withdrawal limits.

Conclusion

Increasing your Cash App Bitcoin withdrawal limit is a straightforward process that involves verifying your identity. By following the steps outlined in this guide, you can unlock higher withdrawal limits, allowing you to manage your Bitcoin transactions more effectively. Whether you’re a casual user or a serious Bitcoin investor, increasing your withdrawal limits is essential for maximizing the potential of your Cash App account.

[cryptoleanblog]

Bitcoin BTC Update: Critical Price Levels Revealed! Key Resistance at $66,750🔑 | Analysis & Forecast

Bitcoin's price recently had some big changes, according to the latest BTC update. On the daily chart, Bitcoin had a tough time breaking past $64,206 and had to go back to $61,671, which is called the CRYPTOLEAN support zone.

In cryptocurrency trading, things can change fast, and Bitcoin's ups and downs on the daily chart are normal. It shows how unsure people are about buying and selling Bitcoin.

Now, everyone's looking at the $61,671 zone to see what happens next. If Bitcoin goes up strong from there, it could reach $66,741, which is a key level. Breaking past $66,741 is important for Bitcoin to go even higher, maybe to $69,466 or $72,715, which would be a big deal for Bitcoin fans.

But if Bitcoin drops below $61,671, it's not good news. It means Bitcoin might drop even more, maybe to $58,947 or $55,697, making it harder for people who like Bitcoin.

Looking at the shorter-term chart, it seems like Bitcoin might drop to $60,239. But even when things are uncertain, there are chances for people to make money by trading.

Two things to watch closely:

1. If Bitcoin drops to $61,742 or lower but bounces back strong from around $60,239, it could be a good time to buy. People might expect Bitcoin to go up to $63,245 and maybe even $66,786.

2. Or, if Bitcoin goes above $63,245, it might mean things are looking good for Bitcoin again. It could go up to $66,786, which would be a win for people who want Bitcoin to go higher.

In short, understanding Bitcoin's price means looking at charts and thinking about how people feel about it. As traders and fans keep an eye on these changes, they're trying to figure out where Bitcoin is going next in the world of cryptocurrency.

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Don’t Count on Bitcoin (BTC) Crashing to $10,000, Says Crypto Analyst Jason Pizzino – Here’s Why – The Daily Hodl

Don’t Count on Bitcoin (BTC) Crashing to $10,000, Says Crypto Analyst Jason Pizzino – Here’s Why – The Daily Hodl

A popular crypto strategist and trader says Bitcoin’s (BTC) price is unlikely to fall all the way down to $10,000. In a new strategy session, analyst Jason Pizzino tells his 279,000 YouTube subscribers that Bitcoin bulls will likely defend a high time frame support level and keep it away from plunging toward $10,000. “There’s a pretty reasonable chance that we won’t see the $10,000 like I’ve…

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Get the Latest Crypto World and Digital Currency Updates on Aqtechinfo

The world of cryptocurrency and digital currency has evolved rapidly over the past decade, and staying updated with the latest news and developments is essential for both investors and enthusiasts. Aqtechinfo has emerged as a reliable platform that provides timely, in-depth, and accurate updates on the crypto world. Here’s why you should consider Aqtechinfo your go-to source for daily updates in the ever-evolving digital currency landscape. 1. Daily News and Analysis Cryptocurrency markets are notoriously volatile. Prices can swing dramatically within hours, making real-time updates critical for those involved. Aqtechinfo ensures you get the latest information on major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and emerging altcoins. With daily analysis of price trends, you can make informed decisions whether you are an active trader or a long-term investor. 2. Regulatory and Policy Updates Governments and regulatory bodies around the world are paying increasing attention to cryptocurrency. Laws and policies can change overnight, significantly impacting the market. Aqtechinfo offers timely updates on global regulatory frameworks, helping you stay ahead of new tax laws, trade restrictions, and other crucial legal developments. 3. Innovations in Blockchain Technology Blockchain technology underpins cryptocurrencies, and its innovations are shaping the future of various industries, from finance to supply chain management. Aqtechinfo covers the latest advancements in blockchain, including new projects, decentralized applications (dApps), smart contract improvements, and interoperability solutions. 4. Initial Coin Offerings (ICOs) and New Token Launches For investors looking to diversify their portfolio, Aqtechinfo provides updates on upcoming ICOs, new token launches, and pre-sale events. By offering comprehensive reviews and potential risks, Aqtechinfo helps you identify promising projects and avoid scams, which remain a concern in the crypto space. 5. Market Insights and Expert Opinions In addition to news, Aqtechinfo features expert opinions and market insights from industry veterans. Whether you’re curious about the future of decentralized finance (DeFi), NFTs, or how geopolitical events impact the crypto world, you can find thoughtful analysis to deepen your understanding. 6. Security Tips and Best Practices Security in the crypto world is paramount. Hacks, scams, and security breaches are unfortunately common, and staying safe requires constant vigilance. Aqtechinfo offers regular tips on how to secure your assets, choose the right wallets, and stay informed about ongoing security threats in the crypto space. Conclusion Cryptocurrencies and blockchain technology are revolutionizing the way we think about money, ownership, and decentralized systems. Whether you're a seasoned investor, a crypto enthusiast, or simply curious about digital currencies, Aqtechinfo is your trusted source for the latest news, updates, and insights. Stay ahead of the curve with daily news, expert opinions, and comprehensive analysis, all in one place. For all your crypto and digital currency needs, visit Aqtechinfo today and stay informed about the future of finance.

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US Spot BTC ETFs Fuel Bitcoin Price Uncertainty: A Critical Juncture Unfolds

Key Points

Bitcoin (BTC) price faces significant resistance at around $64K, with potential reversal trends appearing in the market.

Bitcoin whales’ mixed on-chain activities and the high demand from US spot BTC ETFs are influencing the BTC market.

Bitcoin’s price has encountered a strong resistance level of approximately $64K, aligning with the 200-day Moving Average (MA) in recent times. In a four-hour timeframe, there’s a possible reversal trend being formed, marked by a rising trend along with a bearish divergence on the Relative Strength Index (RSI).

The daily death-cross between the 50 and 200 MA is already impacting the bullish sentiment. Experienced trader Peter Brandt warns traders about a midterm bearish outlook. Brandt suggests that for the macro bearish trend that started in early March to be invalidated, Bitcoin’s price must consistently close above the July high of roughly $69,831.

Bitcoin’s Market Outlook

Brandt further noted that despite positive fundamentals, the BTC price has been forming an expanding triangle with lower highs and lower lows. In the midterm, if Bitcoin’s price holds above the support level of around $63.3k, it could rally toward $65.5K. However, if the bears overpower the buyers in the upcoming days, traders should anticipate a drop below $60k.

According to on-chain data analysis, some large investors, led by Bitcoin miners, have been selling their holdings, while others have been purchasing more. Data from Santiment reveals that Bitcoin miners have sold over 20k Bitcoin, valued at over $1.3 billion, in the past 24 hours.

US Spot BTC ETFs Influence Bitcoin Market

Nevertheless, the supply of Bitcoin in centralized exchanges has decreased by nearly 100k units, valued at over $6.4 billion, in the past 30 days. This decline in Bitcoin supply in centralized exchanges can be directly linked to the high demand from US spot BTC ETF issuers. Latest market data shows that the US spot BTC ETFs have registered almost $1 billion in cash inflows over the past three weeks.

On Wednesday, the US spot BTC ETFs recorded net cash inflows of about $106 million, led by BlackRock’s IBIT with a total of around $184 million. However, Fidelity’s FBTC and ARK 21Shares Bitcoin ETF (ARKB) registered a net cash outflow of about $33 million and $47 million respectively on Wednesday.

Bitcoin whales’ mixed reactions have negatively impacted the bullish midterm sentiment. As we approach the end of the turbulent September, the fear of further crypto capitulation has significantly reduced. Bitcoin’s fear and greed index is around 50 percent, indicating market neutrality, as the underlying value traded above $63K.

The upcoming US 2024 elections, amid the shifting economic climate, are expected to trigger a fresh crypto bull run in the fourth quarter. Furthermore, Gold and major stock indexes have been on a rising trend, with the former rallying to a new all-time high earlier today.