Global #Bitcoin

Bitcoin (BTC), the world's leading cryptocurrency, has recently shown signs of a strong resurgence, sparking optimism among investors and enthusiasts about the possibility of another significant price upswing. After a period of consolidation and sideways movement, BTC has broken through key resistance levels, signaling a potential shift in market sentiment.

As the global economy shows signs of slowing down, the possibility of a recession hitting in the second half of 2024 is becoming increasingly real. With its unique position as a digital gold and hedge against inflation, how might Bitcoin's price be affected by such an economic downturn? ChatGPT-4o, a powerful language model, provides insights based on historical trends, current market sentiment, and potential future scenarios.

As the dust settles on Ordinals Lisbon, held in May 2024, it's clear that this wasn't your typical cryptocurrency conference. It was an odyssey into the heart of a nascent movement, a gathering of minds grappling with the possibilities and complexities unleashed by Ordinals.

Bitcoin (BTC) and Ethereum (ETH), two of the largest blockchains, continued to lead the NFT market in May. While this initially seemed promising, a closer look revealed that NFT sales volumes for both ETH and BTC had actually declined over the past 30 days.

The cryptocurrency market experienced a downturn on June 7, with Bitcoin (BTC) dropping to $69,335 and Ethereum (ETH) to $3,684. This decline followed the release of better-than-expected United States employment data, contrary to predictions by analysts who anticipated weaker figures that would prompt a push for lower inflation and potentially drive Bitcoin to new highs.

Starknet, a layer-2 scaling solution, has reiterated its dedication to scaling Ethereum and Bitcoin using Zero-Knowledge (ZK) technology. Emphasizing its commitment to Ethereum scaling since its initial validity rollup release, Starknet has revealed an ambitious 2024 roadmap aimed at revolutionizing Ethereum scaling.