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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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Microsoft May Enter the Bitcoin Game, Related Stocks Surge in Pre-Market
Microsoft May Enter the Bitcoin Game, Related Stocks Surge in Pre-MarketBitcoin has reclaimed the $68,000 mark today, sending related stocks higher in pre-market trading. According to documents disclosed by the Securities and Exchange Commission (SEC), Microsoft is considering an investment in Bitcoin
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Is Bitcoin About to Break Its All-Time High? The Overlooked Yen Depreciation Trend May Be the Key Catalyst
Is Bitcoin About to Break Its All-Time High? The Overlooked Yen Depreciation Trend May Be the Key CatalystDespite gold and the S&P 500 recently hitting all-time highs, Bitcoin has yet to keep pace, remaining below its historical peak. However, an overlooked catalyst in the marketthe ongoing yen depreciation trendmay be signaling a breakout for Bitcoin
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Fed May Delay Rate Cut, Bitcoin Drops with Stocks, Futures Premium Falls Below 5%, but Options Data Provides Glimmers of Hope
Fed May Delay Rate Cut, Bitcoin Drops with Stocks, Futures Premium Falls Below 5%, but Options Data Provides Glimmers of HopeFollowing the release of US September inflation data, Bitcoin prices fell in tandem with US equities, as market concerns heightened about the Federal Reserve potentially delaying further rate cuts. The consumer price index (CPI) rose 2
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BlackRock: Calling Bitcoin a "risk-on" asset may be mischaracterized
BlackRock: Calling Bitcoin a "risk-on" asset may be mischaracterizedDespite Bitcoin's recent correlation with US stock prices, Robbie Mitchnick, Head of Digital Assets at BlackRock, argues that calling the cryptocurrency a "risk-on" asset might be a misnomer. Stocks, commodities, and high-yield bonds are typically considered risk-on assets because they generally perform well during periods of market optimism and economic expansion
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Musk's X Platform May Adopt DOGE Payments: Can Dogecoin Reach $1 Again?
Musk's X Platform May Adopt DOGE Payments: Can Dogecoin Reach $1 Again? Dogecoin (DOGE) has been consolidating above the $0.091 support level recently
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Bitcoin Dips After Presidential Debate, Traders May See Harris Holding Slight Edge
Bitcoin Dips After Presidential Debate, Traders May See Harris Holding Slight EdgeSunil Jagtiani, senior editor for cryptocurrencies and digital payments, noted that Bitcoin began to pull back, falling over 1% to below $57,000, approximately 30 minutes after the start of the US presidential debate. Bitcoin has been considered a "Trump trade," as the president has publicly shown support for the digital asset industry
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Bitcoin Could Be the "Trump Trade": Former President's Return to the White House May Spark Crypto Bull Run
Bitcoin Could Be the "Trump Trade": Former President's Return to the White House May Spark Crypto Bull RunHolding Bitcoin could be the latest example of a "Trump trade," potentially yielding massive returns if the former US President returns to the White House. A Bernstein analyst noted in a report on Monday that Trump's recent enthusiasm for the cryptocurrency industry suggests a potential Trump administration would be more favorable toward digital assets compared to the Harris administration
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Bitcoin's Weak Trading Pattern May Continue for a Month: Market Awaits Fed Rate Cut and Presidential Election Outcome
Bitcoin's Weak Trading Pattern May Continue for a Month: Market Awaits Fed Rate Cut and Presidential Election OutcomeBitcoins weak trading pattern is likely to persist for another month as crypto traders await clarity on the Federal Reserves interest rate cuts and the upcoming presidential election. August was a rough month for crypto, with Bitcoin dropping 10
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Ethereum Buyers Returning? On-Chain Metrics Suggest Correction May Be Nearing Its End
Ethereum Buyers Returning? On-Chain Metrics Suggest Correction May Be Nearing Its EndEthereum's 13% drop below the key $3,000 level since early August may be nearing its end, with two on-chain metrics indicating that the pullback could be ending soon. Crypto analysts are optimistic about the rise in Ethereum holdings and the "positive" receiver-to-sender ratio, suggesting that the long correction period may be coming to an end
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Ethereum Gas Fees Plunge to Five-Year Low, Rising Supply May Dampen Short-Term Price Gains
Ethereum Gas Fees Plunge to Five-Year Low, Rising Supply May Dampen Short-Term Price GainsA report by cryptocurrency analytics firm Kaiko Research reveals that Ethereum gas fees have recently reached a five-year low, primarily driven by increased Layer 2 activity and the March Dencun upgrade, which reduced transaction costs on Layer 2. This fee reduction has implications for ETH, as lower fees mean less ETH burned, leading to an increase in the token's supply
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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