Crypto and AI: The Tech That’s Draining Planet’s Power.

What we’ll cover today:

💡 Crypto and AI Are Power-Hungry.

🪙 Bitcoin Surges to $64K.

💰 The Crypto Market’s Soaring to $2.21 Trillion!

1. Crypto and AI Are Power-Hungry.

Ever thought about what’s powering your favourite tech?

Spoiler: It’s not magic.

It’s electricity.

And a lot of it.

Crypto and AI are revolutionising industries, but they’re also quietly sucking up massive amounts of energy.

Here are some eye-opening facts:

• Crypto mining: One Bitcoin transaction uses more electricity than a person in Ghana in three years.

• AI power usage: Whenever you ask ChatGPT a question, it consumes 10 times more energy than a Google search.

• Projected energy consumption: By 2026, crypto and AI combined could use as much electricity as Japan.

The big question is: can the planet handle it?

Here’s what we need to do:

• Implement targeted taxes on energy-hungry activities like crypto mining.

• Encourage green energy incentives for data centres and AI applications.

Here’s the whole article

2. Bitcoin Surges to $64K.

Bitcoin's ascent past the $64,000 mark has triggered a market-wide euphoria. Here’s a quick look at what’s happening:

• Meteoric Rise: Bitcoin just soared past the $64,000 threshold.

• Massive Liquidations: Over $100 million in short positions liquidated, indicating a bullish sentiment.

• October Optimism: Historically, October has shown a strong performance for Bitcoin.

• Dominance Restored: Market dominance peaks to levels last seen in April 2021.

• Ethereum’s Climb: Ethereum also reaches over $2,500.

• Altcoin Gains: Significant gains were noted in altcoins like Solana.

Could we be on the verge of the next major crypto rally?

Here’s the whole article.

3. The Crypto Market’s Soaring to $2.21 Trillion!

Last week, the crypto market surged, hitting a whopping $2.21 trillion.
Bitcoin led the charge, but let’s zoom in on some altcoins that shined just as bright.

Sui’s Stellar Ascent: A Leap of 28%!

• Sui skyrocketed from $1.75 to $2.24.

• Though it faced a minor setback, the potential for more excitement looms large.

Chiliz Charges to a Four-Month High:

• Chiliz soared, touching a four-month peak and gaining 11.8%.

• It’s pushing boundaries—will it break through?

8-Bit Coin: Retro Meets Bull Market

• 8-Bit Coin brought nostalgia with a bullish twist, climbing 22%.

• Old-school charm meets modern market gains.

These movements are pivotal for savvy investors. Will they maintain their momentum or surprise us?

Here’s the whole article