Degan Shills

Bitcoin has once again dropped below the $57,000 level and is currently trading below it. We will monitor how the price reacts over the next 2-3 days.

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⚡️Sellers are finally exhausted 👉This reduction in outflows suggests that investors are more inclined to hold their assets rather than withdrawing cash from the market. 🔗Source: Click here 📌Are you selling, holding or buying more? 👍 - Selling ❤️ - Holding 🔥 - Buying more

📢XION just launched a working use-case of Chain Abstraction to Neutron! This innovation extends XION’s ease-of-use, offering seamless composability of users, apps, and liquidity across connected ecosystems. It's live now and users can mint their Proof of Chain Abstraxion on Neutron, all from their XION account. https://fixupx.com/burnt_xion/status/1805995546848514394 🔗Live here: xion.abstract.money

The altcoin market cap (TOTAL2) dropped to the expected support area and attracted liquidity. The price instantly bounced from the support area, and altcoins showed positive growth despite BTC dropping. This could signal that it has bottomed out, and we may see a good rally in the coming days. Hoping you have accumulated good coins for the bull season.

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No tax, no BS, pur meme, liquidity burned. The only way a meme works is with a strong community. This token will stay forever on the blockchain. We, the people decide what to do with APE APEs together strong CA☄️ 0xa0385E7283C83e2871E9aF49EEC0966088421ddD 🌐 apetoken.lol ✉️ t.me/apecoinportal ❌ x.com/Ape_Coin_Erc20 Chart📈 https://www.dextools.io/app/en/ether/pair-explorer/0xeb30726db589d49ecaf975c6915e9b8ff7551b10?t=1718972652193

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Educational Post What is Block Header? The block header is a section in a block that serves as a summary of the rest of the block. It’s made up of all the metadata – such as the time and difficulty when the block was mined, the Merkle root of the included transactions, and the nonce. Also present is the previous block’s hash, which is what allows us to create the “chain” of blocks. In essence, the block header contains any data that isn’t the list of raw transactions itself. A block header is what the miners hash to try and make the block valid. This is a lot more efficient than hashing the entirety of the block, which can be made up of thousands of transactions. It would be vastly more cumbersome for a miner to change the nonce and to rehash a whole 2MB block for every attempt. Compare this with hashing Bitcoin’s block headers, for instance, which have a fixed length of 80 bytes. Block headers are great from a mining point of view, but because of their small size, they’re also ideal for light clients. The Bitcoin blockchain is too large for devices like smartphones to store. If the chain had 100,000 1MB blocks, you’d consume 100GB of space. But with just the block headers for those same blocks, you’d only take up 0.008GB, or 8MB. In this way, devices with less bandwidth or storage space can still perform some degree of validation. Because the Merkle root encapsulates all of the transactions, they can later check whether a transaction was included in a particular block. This does come at a cost – the user must still rely on a third party to provide them with necessary information. With that said, light clients are preferable to a system where the users perform no verification at all.

Bitcoin has broken below the support level and is currently retesting it. The price needs to reclaim the $65,000 level to gain some strength. There may be some sideways movement over the weekend.