Bitcoin processes its 1 billionth transaction in 15 years ❗️

Welcome back to the daily Coinsauce Newsletter, your go-to source for the latest crypto updates 🗞️

📈 Markets

• Overall bias - Neutral 🟠 

• $67,200 is a key resistance for a short -- Confluences include 4H premium zone, 4H bearish OB, 4H horizontal resistance, 4H AVWAP resistance.
  

• $67,200 breakout & re-test as a long -- If this level breaks, market becomes a little more confident for longs on re-tests of crucial supports.
  

• Re-test of $61,000. This was the "must reclaim" level for BTC when we dumped below $59k. Now that we have reclaimed it, this could be the early signs of a reversal. So, a re-test of $61,000 can be a long trade subject to other confirmations.

📅 Today

1 Billion Strong 💯 

The Bitcoin network has processed its one billionth transaction — marking a huge milestone moment. This comes 15 years, four months and four days after Satoshi Nakamoto mined the network’s first block on Jan. 3, 2009.

Transaction 1,000,000,000 was mined into block 842,241 at 9:34 pm UTC on May 5. More impressively, the transaction count doesn't include those made on the Lightning Network.

An average of 178,475 daily transactions have been made on Bitcoin in its 5,603 day existence. In comparison, Ethereum has Ethereum, has processed well over 2 billion transactions since it launched in July 2015.

The future is now!

Vodafone X Crypto ❗️ 

Following in the wake of Solana’s Saga mobile launch, Vodafone announced that they are integrating crypto wallets into their mobile SIM cards.

The strategy is being led by their Indian subsidiary Vodafone Idea, seeking $3b in debt to fund the initial initiative in India.

How big is Vodafone?

• 342.3 million users in India

• 33 million users in Germany

• 111 million users in South Africa

• 19 million users in the UK

• 14 million users in Spain

• 19 million users in Italy

Vodafone services an estimated quarter of a billion mobile users across the globe. The company’s Blockchain Lead David Palmer predicts that by 2030, there will be over 5.6 billion crypto wallets created — enough to account for nearly 70 percent of all people on Earth!

📊 Stats

Educational 📔 

What happens if Pension funds go heavy on Bitcoin? 👇️ 

• Pension funds are large firms where individuals invest money regularly to secure retirement income.

• They typically invest in safe options like stocks, bonds, gold and real estate.

• Globally, pension funds are the largest type of investment fund, totaling $60.6 trillion, much more than ETFs ($6.44 trillion) or mutual and hedge funds ($28.6 trillion).

• Research from Fidelity Digital Assets shows that about one-fourth of US pension funds see cryptocurrencies positively, but only 7% have invested in them so far.

• Recently, lawmakers in Arizona proposed a resolution to allocate some pension funds to cryptocurrencies.

• Despite being conservative with money, retirement funds might change their approach with ETFs entering the crypto market.

• An example is the Houston Firefighters Relief and Retirement Fund, which invested $25 million in Bitcoin in 2022, around 0.45% of their $5.5 billion portfolio at the time.

• If all US pension funds, with $6 trillion in assets, allocated 0.45% to Bitcoin, it would result in an inflow of $27 billion.

• In comparison, BTC ETF funds accumulated $52 billion in Bitcoin over almost four months.

• If all pension funds globally allocated just 1% to cryptocurrencies, it would mean an inflow of $606 billion, almost half Bitcoin’s current market cap.

• This would be a win-win for both, as it would have a material impact on both the price of BTC, and the risk-adjusted returns for the fund!

Credits : ELI5 of TLDR

Chart of the day 📈 

Dot/Usdt (4H) Short

• We are seeing multiple confluences at ~$7.56, such as a strong horizontal resistance, a premium zone & a bearish order-block.

• If we print bearish candlestick patterns like an evening star, or an inverse hammer at this level, that could trigger a short trade.

• Invalidation would be if we blast through the resistance without printing any strong bearish candle on the 30 mins / 1H time frame.

Note : None of the content posted here is Financial Advise. This is for educational purposes only.

🤣 Meme of the day

Better safe than sorry 😂 

That concludes our update for today!

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