ZetaChain

Bitcoin

Billion

<p><em><strong>Bitcoin’s consolidation over the past two months pushed crypto investors into a dilemma, letting investors wait for a directional move.&nbsp;</strong></em></p>  
<p>Bitcoin (BTC), the big cheese of the crypto market, has confused crypto investors and has not shown any sign of a directional move. The coin remained in a consolidation phase for the past two months after hitting its all-time high of $73K, putting investors in a dilemma.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-bitcoin-s-standing-confused-the-investors-why-strong"><strong>Bitcoin’s Standing Confused The Investors; Why?&nbsp;</strong></h2> 
<p>BTC’s current performance has put crypto investors in a dilemma, making investing risky. April’s halving event and BTC’s all-time high in March put the king of crypto into a consolidation state.&nbsp;&nbsp;</p> 
<p>At the press time, BTC was trading at $64,281.51 after an intraday surge of 0.72% with a market cap of $1,265,496,294,261. Since March, BTC has shown no signs of directional move or breakout, ranging between $73,000 to $60,000.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>  
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<p>On May 1, Bitcoin broke the trend by reaching $58,2522 but bounced back, putting it back in the consolidation phase. Investors are waiting for a higher rally or a downtrend.&nbsp;</p> 
<p>BTC’s uncertainty also made the altcoin’s market risky, <a href="https://www.thecoinrepublic.com/2024/04/17/homium-how-innovation-is-helping-homeowners-investors-and-the-economy/" target="_blank" rel="noreferrer noopener">strengthening </a>the altcoin’s value in the crypto space. ZetaChain (ZETA) price best showcases the scenario. ZETA was trading at $1.78 after a surge of 7.72% in a day.&nbsp;&nbsp;</p> 
<p>As a result, investors and traders need clarification and are likely to lose money.</p> 
<h3 class="wp-block-heading" id="strong-invest-in-btc-or-not-here-s-what-to-consider-strong"><strong>Invest In BTC Or Not? Here’s What To Consider&nbsp;</strong></h3> 
<p>The optimal strategy to address the dilemma is to exercise patience, a virtue that is often challenging for many traders to uphold. Another approach is adopting a long-term investment mindset, which involves purchasing undervalued cryptocurrencies with solid fundamentals.</p> 
<p>Another tactic is to make market moves based on significant events or news. Lastly, monitoring market trends to pinpoint which alternative cryptocurrencies or sectors are demonstrating resilience is beneficial.&nbsp;</p> 
<p>Once these robust altcoins are identified, investors can capitalize on the momentum.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-btc-network-celebrating-1-billion-transitions-strong"><strong>BTC Network Celebrating 1 Billion Transitions&nbsp;</strong></h3> 
<p>On May 6, BTC Times told its 167.2K X followers about BTC’s accomplishment with its first 1 billion transactions.&nbsp;</p> 
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  <p lang="en" dir="ltr">Congrats on the first 1 billion transactions everyone! <br><br>Here’s to the next 1 billion <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f37b.png" alt="🍻" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a><br> <a href="https://t.co/JjMTJvHy1L">pic.twitter.com/JjMTJvHy1L</a></p>— BTC Times (@btc) <a href="https://twitter.com/btc/status/1787241185070710857?ref_src=twsrc%5Etfw">May 5, 2024</a>
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<p>As a Satoshi-era wallet awakened, the BTC network crossed 1 billion transactions in block 842,241 at 05:34 UTC+8 on May 6. Over 687 BTC worth $43.9 Million were split and transferred to 2 addresses.</p> 
<p>According to the founder of the Orange Pill App, BTC reached this milestone in 15 years compared to Visa’s 25 years.</p>

Bitcoin’s Curious Case: To Invest Or Not – That Is The Question

Table of Contents

Thecoinrepublic.com

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