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China's Assets Bucking the Trend: A Stable Anchor in Global Market Volatility
China's Assets Bucking the Trend: A Stable Anchor in Global Market VolatilityGlobal markets are turbulent and volatile. Recent declines in US and European stock markets, the plunge in Bitcoin, and numerous margin calls all reveal the inherent instability of the global financial market
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Bitcoin Poised for Historic September Surge, Fueled by Global Rate Cuts
Bitcoin Poised for Historic September Surge, Fueled by Global Rate CutsBitcoin is on track for one of its largest September gains ever, driven by a global wave of interest rate cuts, particularly the US's aggressive shift towards looser monetary policy. The largest digital asset has already surged over 10% this month
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Bitcoin Not a Risk Asset? BlackRock: More of a "Global Currency Alternative"
Bitcoin Not a Risk Asset? BlackRock: More of a "Global Currency Alternative"Robbie Mitchnick, Head of Digital Assets at BlackRock, recently stated that calling Bitcoin a "risk asset" might be a misnomer, as its long-term drivers differ significantly from other risk assets. While Bitcoin's price movements have been closely tied to US equities in the recent past, Mitchnick believes Bitcoin behaves fundamentally differently from stocks and other risk-on assets, with long-term drivers that are "very different" and even "opposite" in some cases from other risk-on assets
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Bitcoin Breaks Above $64,000 as Global Monetary Easing Expectations Heat Up
Bitcoin Breaks Above $64,000 as Global Monetary Easing Expectations Heat UpTraders on Tuesday boosted the probability of the Federal Reserve cutting interest rates by 50 basis points for the second time in a row to 61%, as China also joined the near-global monetary easing movement currently sweeping major economies. This news pushed the price of Bitcoin to its highest level in over a month during US afternoon trading on Tuesday, breaking above the $65,000 mark for the first time since early August
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Bitcoin: From "Stupid Consensus" to Global Digital Gold
Bitcoin: From "Stupid Consensus" to Global Digital GoldBitcoin, the "digital gold" born in the age of the internet, has had a dramatic journey from an initially unpromising "stupid consensus" to a globally recognized investment asset. Its decentralized nature, limited supply, and ever-growing value have attracted countless investors and technology enthusiasts
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Bitcoin Ranks Sixth in Global Currency Assets, Grayscale Launches MKR Trust, Fed May Cut Rates from September
Bitcoin Ranks Sixth in Global Currency Assets, Grayscale Launches MKR Trust, Fed May Cut Rates from SeptemberBitcoin currently holds the sixth position in global currency assets, with a total market capitalization of $1.19 trillion
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"Trump Attack" Incident: Turning Point in the US Election and Global Market Volatility
"Trump Attack" Incident: Turning Point in the US Election and Global Market VolatilityOn Saturday, Republican presidential candidate Donald Trump was shot at during a campaign rally in Pennsylvania. The incident quickly became a global focal point, sparking widespread discussion and speculation about its potential impact on the US election landscape and global markets
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The Bitcoin Wave is Coming: ETFs Fueling Mass Adoption, Global Regulators Actively Positioning
The Bitcoin Wave is Coming: ETFs Fueling Mass Adoption, Global Regulators Actively PositioningIntroductionBitcoin, the pioneer of the digital currency space, has sparked a global investment frenzy in recent years. As the digital asset market continues to mature, more and more institutional and individual investors are turning their attention to Bitcoin, the digital gold
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Ethereum: More Than Just Cryptocurrency, a Global Distributed Computer
Ethereum: More Than Just Cryptocurrency, a Global Distributed ComputerWhile the terms Bitcoin and Ethereum are often mentioned together, they are actually very different. The only thing they have in common is that they are both crypto assets built on blockchain technology
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Global Financial Markets See Muted Activity on Good Friday, US Dollar Index Retreats After Core PCE Data Release
Market Overview In observance of Good Friday, financial markets in Europe and North America remained closed, while energy, precious metal, foreign exchange, equity index, and US Treasury futures trading at the Chicago Mercantile Exchange (CME) and Intercontinental Exchange (ICE) were suspended for the entire day. Activity in the foreign exchange market was relatively subdued during the quiet holiday period
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Bitcoin (BTC) recovery drives global cryptocurrency market value up 3.8%
Bitcoin has sparked a market wide recovery movement, leading to a 3.8% surge in the global cryptocurrency market value, and with increasing purchasing power, trading volume has surged
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Bitcoin prices soared to $38000 and then plummeted by 6%, resulting in a global exposure of $500 million!
Last night, after soaring to $38000, the price of Bitcoin suddenly plummeted by 6%, reaching a minimum of $35600 and currently fluctuating around $36000.Meanwhile, Ethereum quickly climbed to $2100 due to BlackRock's submission of Ethereum's spot ETF application to the SEC