Bitcoin Price Analysis, SEC Moves, and Global Crypto Innovations
Key Points
- Bitcoin surged past $61,000 following Federal Reserve Chair Jerome Powell's positive comments on inflation and potential interest rate cuts.
- The Blockchain Association and DeFi Education Fund raised concerns about the SEC's Consolidated Audit Trail potentially compromising privacy for millions in digital assets.
- Bitcoin miners are struggling to maintain profitability post-halving, with some reallocating computational power to AI applications to adapt to rising power costs and reduced mining rewards.
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Transcript
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