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Bitcoin Price Soars: Global Financial Tremors as US May Include Bitcoin in Strategic Reserves
Bitcoin Price Soars: Global Financial Tremors as US May Include Bitcoin in Strategic ReservesBitcoin's price has recently experienced a dramatic surge, exceeding $90,000 per coin at one point, capturing global market attention. This rally is attributed to a confluence of factors: the Federal Reserve's continued interest rate cuts, the outcome of the US election, and rumors that the US will push for Bitcoin to become a national strategic reserve asset
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Ethereum in 2024: A Virtuous Cycle of Applications, Infrastructure, and Community
Ethereum in 2024: A Virtuous Cycle of Applications, Infrastructure, and CommunityEthereum's progress in 2024 can be summarized by three interwoven themes: a thriving application ecosystem, continuously improving infrastructure, and an increasingly mature global community. These three aspects interact to create a virtuous cycle, driving Ethereum's continued growth and development
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Trump Appoints Musk to Lead "Department of Government Efficiency," Dogecoin Surges 8%
Trump Appoints Musk to Lead "Department of Government Efficiency," Dogecoin Surges 8%On November 12th, US President-elect Trump announced a highly anticipated appointment: billionaire entrepreneur Elon Musk, along with Vivek Ramaswamy, will jointly lead the newly created "Department of Government Efficiency" (DOGE) upon his inauguration. This news immediately captured market attention, particularly within the cryptocurrency sphere, sending the price of Dogecoin (DOGE), a cryptocurrency Musk frequently champions, soaring by over 8%
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Powell's Remarks Send Shockwaves Through Markets: US Stocks, Gold, and Bitcoin Plunge Amid Renewed Inflation Fears
Powell's Remarks Send Shockwaves Through Markets: US Stocks, Gold, and Bitcoin Plunge Amid Renewed Inflation FearsFederal Reserve Chairman Jerome Powell's remarks last night cast a shadow over financial markets, triggering volatility and causing a short-term surge in the US dollar index. Spot gold prices extended their decline, US equities accelerated their downward trajectory in late trading, and Bitcoin experienced a sudden sharp drop, resulting in widespread losses across asset classes
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Ethereum is like Amazon in the 90s: Huge potential, but use cases haven't fully emerged yet
Ethereum is like Amazon in the 90s: Huge potential, but use cases haven't fully emerged yetAn executive at 21Shares says Ethereum may follow a similar trajectory as Amazon, breaking existing boundaries and surprising us with revolutionary use cases we cant even imagine today. Just like few could have predicted that an online bookstore would grow into a global e-commerce and cloud computing giant, Ethereums potential is not yet fully grasped by Wall Street investors
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With the US Election Approaching, Financial Markets Bet on Trump's Victory, US Stocks Suffer Major Sell-Off, Bitcoin Surges then Retracts, What's Next?
With the US Election Approaching, Financial Markets Bet on Trump's Victory, US Stocks Suffer Major Sell-Off, Bitcoin Surges then Retracts, What's Next?On Friday, Bitcoin's price dipped to $71,440 after US stock markets opened, subsequently rebounding and hovering around $72,300. Bulls are trying to gather strength and launch another attack, aiming to break through the previous high
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Main Business Lags, Bitcoin "Side Hustle" Soars: MicroStrategy's Crazy Gamble
Main Business Lags, Bitcoin "Side Hustle" Soars: MicroStrategy's Crazy GambleDespite its core business performing flat, MicroStrategy, as the largest "Bitcoin proxy" on the US stock market, has seen its stock price deeply tied to Bitcoin, even exceeding the gains of tech giant Nvidia over the past two years. This unusual phenomenon of a "struggling main business, booming side hustle" has drawn widespread attention
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Bitcoin Breaks Through $73,000 Mark Amidst Rising Market Sentiment Ahead of US Election
Bitcoin Breaks Through $73,000 Mark Amidst Rising Market Sentiment Ahead of US ElectionBitcoin surged to a new high on Tuesday, breaking through the $73,000 mark, as it exhibited a strong upward trend fueled by growing market optimism in the run-up to the US election. According to CoinMetrics, Bitcoin's price increased by 3
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Global Markets Watch Tech Earnings, US Stocks Mixed Pre-Market, Bitcoin Back Above $70,000
Global Markets Watch Tech Earnings, US Stocks Mixed Pre-Market, Bitcoin Back Above $70,000 The markets are focused on tech giants' earnings this week, along with upcoming inflation and non-farm payrolls reports. With the US presidential election looming, major US stock index futures are mixed pre-market, popular Chinese ADRs are broadly higher, Trump Media is up over 7%, and tonight's focus is on Google's earnings
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A50 Futures Surge Overnight, Bitcoin Breaks $71,000, US Stocks and Chinese ADRs Rise
A50 Futures Surge Overnight, Bitcoin Breaks $71,000, US Stocks and Chinese ADRs RiseThe A50 index futures surged overnight, opening with a straight climb and rising more than 1.5%
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Bitcoin traders are eyeing a $70,000 target, US stock Bitcoin concept stocks climb
Bitcoin traders are eyeing a $70,000 target, US stock Bitcoin concept stocks climbBitcoin traders are once again targeting a $70,000 price, even after a short-term dip in the cryptocurrency market last weekend due to news about Tether stablecoin. US cryptocurrency exchange-traded funds (ETFs) continue to see strong inflows
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Bitcoin Hits New High, Market Cap Surpasses Tesla: Musk Effect Fuels Frenzy Amid Inflation Expectations
Bitcoin Hits New High, Market Cap Surpasses Tesla: Musk Effect Fuels Frenzy Amid Inflation ExpectationsOn February 9, 2021, at 8:00 AM, Bitcoin broke through its previous all-time high, reaching a peak of $47,480.8 and pushing toward the $50,000 mark