old, was previously a top choice for miners in mining various Proof of Work (PoW) cryptocurrencies s
prompted investors to turn towards alternative assets. The report notably emphasizes Bitcoin's recent 50% surge since mid-October, attracting investors seeking opportunities amidst the country's economic transition.
Related: Hong Kong Proposes to Issue an Operating License for Stablecoins
In summary, Chinese investors, driven by the economic downturn and seeking refuge from traditional investments, are employing creative methods to participate in the digital asset market. Despite regulatory restrictions, the allure of cryptocurrencies persists, with financial institutions also exploring crypto-related businesses.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a deLedger, allowing developers to deploy Ethereum smart contracts. This development has garnered expectations of potential rallies in both XRP and ETH prices.
Related: XRP Facing Numerous Negative Signals
Closing Thoughts
Despite the current downturn in cryptocurrency prices, certain investors are seizing the opportunity to strengthen their positions in anticipation of an upcoming bull run. Noteworthy among the monitored coins are ETH, XRP, and GFOX, reflecting the dynamic landscape of the crypto market.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a dChris Burniske, co-founder of Placeholder, provides a comprehensive analysis of Bitcoin's trajectory. He envisions a further drop in the market to facilitate consolidation, taking into account factors such as market-specific dynamics, macroeconomic conditions, adoption rates, and new product developments. Burniske anticipates a potential bottoming out in the range of $30,000 to $36,000, with the possibility of testing the mid-to-high $20,000s before resuming its journey toward previous all-time highs. He foresees a tumultuous path ahead, marked by deceptive rallies and spanning several months.
Related: Bitcoin Whales and Sharks Trigger Active Sell-Off Amid Price Dip
Measured investment approach
“As always, patience is your friend,” Burniske added. Burniske suggests that altcoins may experience greater percentage drops than Bitcoin. Despite near-term caution, Burniske is confident in the long term. Notably, he is focusing on a local peak and trough rather than a cycle-wide evaluation after the cycle bottom in November 2022.
With new product innovations on the horizon yet to fully materialize, he stresses the importance of strategic preparation rather than significant de-risking, signaling a measured approach to the market’s volatility.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a 
However, in recent years, many of the mentioned cryptocurrencies have gradually lost support from the exchange. Currently, OKX Mining Pool retains only BTC, ETC, and LTC, with only 17 miners using the service. The BTC Pool has a total hashrate of 529.11 EH/s, 883.97 TH/s for LTC, and 162.17 TH/s for ETC.
OKX's decision comes at a crucial time as major mining entities like Marathon Digital, Phoenix Group, Northern Data Group are gearing up for the upcoming Bitcoin Halving event in April 2024. This significant event involves a 50% reduction in miner block rewards to mitigate Bitcoin's future inflation rate, making BTC scarcer and more valuable.
Related: OKX Announces Compensation for Users Amid 50% Downtime Incident
OKX's Bitcoin mining pool ranking
Data from MiningPoolStats also indicates that OKX's Bitcoin mining pool is currently ranked 25th in terms of the number of participating miners, significantly lagging behind the competitor Binance, which boasts a figure of 412,771 miners utilizing their services.
OKX's Bitcoin mining pool is positioned at 25th place in terms of the number of participating miners, far behind the rival Binance, which has 412,771 miners using its services. Source: MiningPoolStats
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research whenChris Burniske, co-founder of Placeholder, provides a comprehensive analysis of Bitcoin's trajectory. He envisions a further drop in the market to facilitate consolidation, taking into account factors such as market-specific dynamics, macroeconomic conditions, adoption rates, and new product developments. Burniske anticipates a potential bottoming out in the range of $30,000 to $36,000, with the possibility of testing the mid-to-high $20,000s before resuming its journey toward previous all-time highs. He foresees a tumultuous path ahead, marked by deceptive rallies and spanning several months.
Related: Bitcoin Whales and Sharks Trigger Active Sell-Off Amid Price Dip
Measured investment approach
“As always, patience is your friend,” Burniske added. Burniske suggests that altcoins may experience greater percentage drops than Bitcoin. Despite near-term caution, Burniske is confident in the long term. Notably, he is focusing on a local peak and trough rather than a cycle-wide evaluation after the cycle bottom in November 2022.
With new product innovations on the horizon yet to fully materialize, he stresses the importance of strategic preparation rather than significant de-risking, signaling a measured approach to the market’s volatility.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. making a decisncisionprompted investors to turn towards alternative assets. The report notably emphasizes Bitcoin's recent 50% surge since mid-October, attracting investors seeking opportunities amidst the country's economic transition.
Related: Hong Kong Proposes to Issue an Operating License for Stablecoins
In summary, Chinese investors, driven by the economic downturn and seeking refuge from traditional investments, are employing creative methods to participate in the digital asset market. Despite regulatory restrictions, the allure of cryptocurrencies persists, with financial institutions also exploring crypto-related businesses.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a deLedger, allowing developers to deploy Ethereum smart contracts. This development has garnered expectations of potential rallies in both XRP and ETH prices.
Related: XRP Facing Numerous Negative Signals
Closing Thoughts
Despite the current downturn in cryptocurrency prices, certain investors are seizing the opportunity to strengthen their positions in anticipation of an upcoming bull run. Noteworthy among the monitored coins are ETH, XRP, and GFOX, reflecting the dynamic landscape of the crypto market.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a dLedger, allowing developers to deploy Ethereum smart contracts. This development has garnered expectations of potential rallies in both XRP and ETH prices.
Related: XRP Facing Numerous Negative Signals
Closing Thoughts
Despite the current downturn in cryptocurrency prices, certain investors are seizing the opportunity to strengthen their positions in anticipation of an upcoming bull run. Noteworthy among the monitored coins are ETH, XRP, and GFOX, reflecting the dynamic landscape of the crypto market.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decisionecisioncision
