Biden admin proposes 30% tax on electricity used for #Bitcoin & crypto mining - NY Times
It’s “hindering the transition to a low-emission energy future,” the White House says.
It’s “hindering the transition to a low-emission energy future,” the White House says.
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🚩Be extra careful in the next few days regarding altcoins. People calling out for altseason while #Bitcoin dominance broke out today above huge two year resistance. What does it mean ?
If the dominance that rose today continues to pump, and BTC decides to dump. You can prepare for an altcoin season in other way, a massacre like rarely seen before. Such dumps will result in easy -20% for alts in one day, and this will continue as long dominance keeps rising and BTC dumping.
Best case scenario for the whole market would be that the dominance breakout turns out to be a fakeout, and Bitcoin pumps. That would take us to the alt season.
However, with todays explosive breakout you need to be extra cautious with your alts holdings.
Summary:
Dominance pump + BTC pump = Altcoin dump
Dominance pump + BTC dump = Altcoin massacre
Dominance dump + BTC pump = Altseason
If the dominance that rose today continues to pump, and BTC decides to dump. You can prepare for an altcoin season in other way, a massacre like rarely seen before. Such dumps will result in easy -20% for alts in one day, and this will continue as long dominance keeps rising and BTC dumping.
Best case scenario for the whole market would be that the dominance breakout turns out to be a fakeout, and Bitcoin pumps. That would take us to the alt season.
However, with todays explosive breakout you need to be extra cautious with your alts holdings.
Summary:
Dominance pump + BTC pump = Altcoin dump
Dominance pump + BTC dump = Altcoin massacre
Dominance dump + BTC pump = Altseason
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