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Bitcoin mining hits overdrive
Has Bitcoin’s hashrate gone too far or is this the new normal?

GM Explorer,
Bitcoin is thriving on all fronts!
First, it hit and surpassed the $100K mark, and now its hashrate has skyrocketed past 800 EH/s. Talk about momentum!
Here’s what we got for you today:
😱 Bitcoin’s mining network hits a new record high!
🚀 Michael Saylor’s Next Bitcoin Move!
🔎 Market Insight
🧱 Around the Block: Key economic events that markets are watching out for this week.

😱 Bitcoin’s Mining Network Hits A New Record High!
Bitcoin’s network is flexing like it’s on pure adrenaline!
As of Dec. 14, 2024, the network crushed the 800 exahash per second (EH/s) mark, peaking at a jaw-dropping 805 EH/s.

What does that mean?
It’s a clear sign that Bitcoin isn’t just gaining traction—it’s ramping up its infrastructure to handle all the action.
Just a year ago, Bitcoin’s hashrate was cruising at a more modest 506 EH/s. Fast forward 12 months, and boom—a massive 293 EH/s leap!
As of Dec. 15, the network’s still rolling strong at 799 EH/s, showing no signs of slowing down.
To really grasp the magnitude of this, think about this: Today’s top mining hardware pushes out 473 terahash per second (TH/s).
To match that 293 EH/s increase, you’d need about 619,241 units working together—- Yes, over half a million mining rigs!
That, my friends, is how massive and sophisticated Bitcoin’s decentralized network has become.
But here’s the twist:
The additional power is accelerating block production, resulting in an average time of 9 minutes and 34 seconds, which is faster than the typical 10-minute interval.
Experts now warn that this increased pace will likely lead to a 4.4% rise in mining difficulty, making it even more challenging for miners to earn those valuable block rewards.
Meanwhile, Bitcoin is still cruising comfortably above the $100K mark.
Pair that with the soaring hashrate, and it’s clear—Bitcoin isn’t just surviving, it’s thriving, growing, and throwing major shade at its doubters.
And ultimately, this success is thanks to a perfect storm of more miners joining the ranks, cutting-edge mining hardware, and Bitcoin’s growing use as both a store of value and a currency.
But of course, as Bitcoin barrels ahead, there’s always the question: can it keep this pace? Or is a reality check just around the corner?
It’s tough to predict, but based on the current momentum, Bitcoin’s future is looking pretty bright.
So, while we don’t know exactly what’s next, one thing’s for sure: the entire crypto world is watching Bitcoin’s next move with bated breath.

🚀 Michael Saylor’s Next Bitcoin Move!

Michael Saylor is at it again!
On December 15, Saylor teased the crypto community with a tweet wondering if the “SaylorTracker” is missing its iconic green marker—a surefire sign of a fresh Bitcoin acquisition.
And let’s face it, Saylor loves a big reveal.
Over the past month, these subtle hints have preceded announcements of massive Bitcoin buys, pushing MicroStrategy’s holdings to a jaw-dropping 171,000 BTC worth over $15 billion.
This new purchase, if confirmed, comes hot on the heels of MicroStrategy’s historic inclusion in the Nasdaq-100 Index.
A move many see as paving the way for the S&P 500, which tracks the performance of the 500 largest companies in the U.S
Analysts also predict that with favorable conditions, MicroStrategy could make the jump by mid-2025.
Meanwhile, Marathon Digital Holdings is chasing its own Nasdaq-100 dreams.
With over 40,000 BTC in reserves, CEO Fred Thiel is positioning the company as the next big player in institutional crypto.
Could this rivalry heat up the Bitcoin race?🤷♀️
Don’t miss the full breakdown of Saylor’s latest moves and what they could mean for crypto’s future; click here to dive in!

🔎 Market Insight
While Bitcoin continues to rise smoothly, most altcoins are struggling to stay afloat, with some struggling more than others.
Today, we will examine a few coins to better understand the current situation and what may lie ahead.
TIA
TIA is on its way down to retest the $6.28 support level, but since it formed a golden cross last week, we believe TIA will find support at the 50-day moving average, which is currently around $6.33.

TIAUSDT Daily Chart
If either of these levels is invalidated, TIA will likely fall back into accumulation, delaying any potential breakout.
SEI
SEI is facing a similar situation. The 50-day moving average is at $0.5277, while the established support level is at $0.50.

SEIUSDT Weekly Chart
If these price targets are invalidated, our bullish sentiment for SEI will be pushed further down the road.
We think that both TIA and SEI will hold their support levels.
SUI
SUI appears to be holding up much better than the other two. However, if it continues to decline, $4.36 might be a good support area.

SUIUSDT Daily Chart

🧱 Around The Block
Key economic events that markets are watching out for this week.
Anthony Scaramucci predicts China will create a strategic Bitcoin reserve in 2025.
A fake Uber driver made $300,000 by stealing customers' cryptocurrency, police say.
Premier Art Holdings and Chintai launch $50 Million Tokenized Fine Art Fund.
Solana eyes $250 as holder influence grows.
Hedge funds reach an all-time high in short positions against Ethereum on the CME.
That's all we've got for you today.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.
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