Bitfarms CEO: Trump claims to make remaining BTC 'MADE IN THE USA' impossible to achieve

The current price of BTC is $69437.61, a decrease of 0.12% in the past 24 hours. Among them, the total liquidation amount of contracts across the entire network in the past 24 hours was 123 million US dollars, with multiple main liquidation orders and a BTC liquidation of 28.5 million US dollars (23.10%). The data is for reference only.

The main large order can be combined with the position difference indicator to judge the main force to open and close the position. Open PRO members can follow the main trading operations in time

Odaily Planet Daily News: According to a research report by CICC, the US non farm payroll data for October was weak and below expectations, partly affected by hurricanes and strikes. The hurricane forced a large number of people to evacuate, significantly reduced the response rate of corporate surveys, sharply reduced employment in leisure and accommodation services, and led to a surge in the number of people unable to work due to weather conditions. The strike resulted in a significant decline in employment in the manufacturing industry. But these are temporary disturbances, and their effects may reverse in the coming months. Overall, the US labor market is still gradually cooling down and there are no signs of rapid deterioration. Taking into account the overall economic data, it is predicted that the Federal Reserve will cut interest rates by 25 basis points next week, and monetary policy will continue to return to normalcy, but the pace of interest rate cuts will not be as aggressive as previously expected by the market. (Golden Ten)

Elon Musk says if done right, X would become half of the global financial system.

Odaily Planet Daily News: Ben Gagnon, CEO of cryptocurrency mining company Bitfarms, said that if Trump reduces red tape and increases support and investment in energy and power infrastructure, the United States will consolidate its position as the most competitive place for global Bitcoin mining, making it the largest country for Bitcoin mining is absolutely possible and desirable. However, he admitted that due to the decentralized infrastructure of Bitcoin, it is impossible to mine the remaining Bitcoin in one country. It is impossible to mine 100% of Bitcoin in the United States or any other country, which fundamentally violates the core principles of Bitcoin founder Satoshi Nakamoto. （Cointelegraph）