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The recent recovery in Bitcoin's price was short-lived, as it dipped below the USD 36,000 level yesterday.
It's now attempting to climb back up, but trading volumes are down by about 7% from yesterday morning and roughly 25% from last week.
Kaspa $KAS & recent drivers?
This is what's going down:
Since the Ethereum Merge, which marked the shift from PoW to PoS, there's been finally significant growth in the market.
Has anyone figured out where the rise of $KAS came from?
After the merge, miners were left searching for new options.
Not everyone chose to sell their equipment. For these miners, it's more than just equipment - it's a part of their lifestyle.
As a result, players like $KAS stepped in to fill the gap left by Ethereum.
The hype around Kaspa is driven by still using Proof of Work, a method many other big cryptocurrencies, like Ethereum, are moving away from.
It especially became popular with miners who needed a new option after Ethereum changed its system.
CZ among the US leaders?
FOX Business News messed up with a photo of Peng Zhao (Citadel Securities LLC.) and used a CZ photo instead.
Here is what CZ commented later on:
The intern probably just did a Google search, and thinks all Asians (especially those with similar names) look the same...😂
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Meme of the day 😂
And you can’t remember your private key either…
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Disclaimer: This newsletter is strictly educational. None of this information is intended to be financial advice. Always do your research and act responsibly with your profits.