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Bitcoin News
Cryptonews
2d
272
Image Credit: Cryptonews
Bitcoin nears $90K, stages best weekly return since US banking crisis
- Bitcoin approaches $90,000, experiencing its best weekly performance since the US banking crisis in 2023.
- Bitcoin's price reached a record high of $85,000, currently trading at $88,879.
- The 29% weekly return is the highest in seven days since the US banking crisis.
- Bitcoin's market cap has grown by a staggering $413 billion in the past week.
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16 Likes
Coinpedia
2d
252
Image Credit: Coinpedia
Bitcoin Entered a Parabolic Phase—Here’s Why the Selling Point is Likely Much Beyond $100K
- Bitcoin is inching close to $90,000, with a potential psychological barrier to breach before reaching $100,000.
- The long-term perspective suggests a massive bull run by 2025, with potential highs beyond $250,000.
- The current momentum is strong, and Bitcoin has entered a parabolic phase, with a projected consolidation around $100,000.
- Despite intermittent bearish pressure, the Bitcoin price is expected to surge and reach eye-catching levels in the coming years.
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15 Likes
Guardian
2d
339
Image Credit: Guardian
UK unemployment rises while regular wage growth slows; bitcoin breaks $89,000 – business live
- UK unemployment rate rises to 4.3% while wage growth excluding bonuses reaches a two-year low.
- Grocery price inflation in the UK increases in October as shoppers start early Christmas shopping.
- Grocery prices rose by 2.3% YoY, up from 2% in September, but still within typical levels.
- Spending on deals rises consistently, accounting for 28.6% of all sales.
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20 Likes
Hackernoon
2d
90
Image Credit: Hackernoon
Donald Trump, $80k Bitcoin and the Strategic Bitcoin Reserve
- Donald Trump hints at the establishment of a Strategic Bitcoin Reserve, signaling U.S. government's direct participation in cryptocurrency markets.
- Concept of a Strategic Bitcoin Reserve elevates Bitcoin, a digital currency, to the status of an asset worthy of national reserves and a financial safeguard.
- Bitcoin spiked to almost $80k as investors anticipated government-backed demand following Trump's support for Bitcoin and establishment of a national reserve.
- Long-term implications of a Bitcoin strategic reserve include shifts in geopolitical alliances and power structures as more governments adopt Bitcoin.
- Bitcoin could emerge as a global reserve asset as other countries follow the lead of the U.S, posing a challenge to central banks that have historically controlled monetary policy through fiat currency issuance.
- Increased institutional adoption and regulatory frameworks could lend greater legitimacy to Bitcoin, potentially stabilizing its value and reducing price volatility.
- Bitcoin's decentralized nature could empower smaller nations and countries with weaker currencies to participate in a financial ecosystem not controlled by any single nation or central bank.
- There may be increased global competition and new alliances revolving around Bitcoin-related policies and governance.
- If global wealth is substantially reallocated, Bitcoin could reach market caps of near-parity with the total holdings of fiat currency reserves globally.
- This article is for informational purposes only and does not constitute investment advice.
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5 Likes
Bitcoinsensus
2d
300
Image Credit: Bitcoinsensus
Donald Trump Pro-Crypto Candidates for Regulatory Shift
- The Trump administration has begun discussions on regulatory changes regarding crypto.
- Pro-crypto candidates, including former SEC commissioners and the chairman of CFTC, are being considered for key positions.
- The final decision is still a long way off, and the administration has not made any official statements.
- A regulatory shift in favor of cryptocurrencies could potentially boost Bitcoin and the entire crypto market.
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18 Likes
TechJuice
2d
83
Image Credit: TechJuice
Bitcoin Approaches $90,000 Mark After Another Record High Surge
- Bitcoin surged closer to the milestone of $90,000, reaching a new high of $89,640.
- The cryptocurrency market is experiencing optimism after Donald Trump's US presidential election win.
- Bitcoin is expected to surpass the $100,000 threshold in the near future.
- Other cryptocurrencies also experienced positive trends, with Ethereum, Polygon, Solana, and Dogecoin gaining value.
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4 Likes
Coin Telegraph
2d
892
Image Credit: Coin Telegraph
Chinese microchip company says it’s now accepting Bitcoin as payment
- China-based crypto mining-chip designer Nano Labs has announced that it will accept Bitcoin as payment for its goods and services.
- The move is a part of Nano Labs' commitment to embracing the latest in financial technology and meeting the growing demand for digital currency transactions in the technology sector.
- The adoption of Bitcoin will provide greater payment flexibility for Nano Labs, but it is unclear whether the company intends to keep the cryptocurrency on its balance sheet.
- Following the announcement, shares in Nano Labs rose 2.81% on the Nasdaq.
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18 Likes
Crypto-News-Flash
2d
47
Image Credit: Crypto-News-Flash
Bhutan Government Reaches $1 Billion in Bitcoin Holdings – Will the U.S. and Other Nations Follow?
- The Bhutan government has accumulated $1 billion in Bitcoin, leveraging its excess energy resources for mining and diversifying its economy amid post-COVID struggles.
- Bhutan's BTC investments are managed by Druk Holdings, which now holds 12,568 BTC, making Bhutan one of the top countries with a significant Bitcoin portfolio.
- In addition to Bitcoin, Bhutan also holds other tokens, including 656 Ethereum (ETH). The country occasionally sells portions of its Bitcoin to manage its holdings.
- The U.S. and corporations like MicroStrategy are re-evaluating their stance on Bitcoin, with talks of potential national Bitcoin reserves and growing corporate interest in the cryptocurrency.
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2 Likes
Bitcoinist
2d
280
Image Credit: Bitcoinist
Crypto Rally Potential: 10 Key Signs Pointing To An Unprecedented Market Boom
- Crypto analyst Miles Deutscher believes that the cryptocurrency market is entering a significant bull run, driven by several key factors.
- Donald Trump's victory over Kamala Harris is seen as an important moment that could lead to clearer, pro-crypto regulations.
- Macroeconomic elements, such as the Federal Reserve's expected interest rate cuts and international interest rate cuts, are contributing to the bullish sentiment.
- The supply-demand dynamics for Bitcoin, with increasing demand and decreasing supply, indicate favorable conditions for a significant price increase.
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16 Likes
Coin Telegraph
2d
1.6k
Image Credit: Coin Telegraph
Phishing scam via fake Zoom link costs GIGA investor $6M
- A phishing scam via a fake Zoom link has cost a GIGA investor $6.09 million.
- The investor clicked on a fake Zoom call invite link, which redirected them to a deceptive website designed to harvest sensitive wallet information.
- The hacker stole 95.27 million GIGA tokens from the victim, valued at $6.09 million.
- Law enforcement, including the United States Federal Bureau of Investigation, is involved in investigating the theft.
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12 Likes
TronWeekly
2d
23
Image Credit: TronWeekly
Analysts Predict Post-Election Market Rally with Focus on Small Caps and Bitcoin
- Small-cap stocks could outperform the S&P 500, with potential gains over 100%.
- Bitcoin is seen as a hedge, with analysts forecasting six-figure prices soon.
- Fed’s neutral rate shift may boost markets as inflation concerns ease.
- Investors anticipate post-election market rally with focus on small caps and Bitcoin.
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1 Like
TheNewsCrypto
2d
233
Image Credit: TheNewsCrypto
Is Post-Halving Demand Fueling Bitcoin’s Historic Rise?
- Bitcoin reached a new all-time high of $89,863 driven by rising demand and limited supply.
- Post-2024 halving supply shock is fueling demand and more price gains are expected.
- Bitcoin's market cap is $1.76 trillion, dominating 58.90% of the crypto market.
- Bitcoin ETFs in the U.S. received a significant inflow of $1.094 billion, highlighting strong institutional support.
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14 Likes
Coinpedia
2d
352
Image Credit: Coinpedia
Bitcoin Just Hit $90K – But Andrew Tate Says The Best Is Yet to Come!
- Bitcoin surges to a new all-time high of $90,000, fueled by positive sentiment from President-elect Donald Trump's crypto-friendly approach.
- Andrew Tate believes this rise is just the beginning and predicts even bigger growth for Bitcoin in the future.
- Tate attributes Bitcoin's long-term growth potential to its deflationary nature and limited supply, making it a smarter choice compared to fiat currencies.
- Bitcoin's surge is also supported by optimistic predictions from veterans and institutions, with price targets ranging from $200,000 to $1 million.
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21 Likes
Bitcoinist
2d
94
Image Credit: Bitcoinist
Bitcoin ATH Run Spurs Bernstein’s Call To “Buy Everything” In Trump-Fueled Rally
- Analysts at trading firm Bernstein have urged clients to add digital assets exposure as Bitcoin hits an all-time high following Donald Trump's election victory.
- Bernstein's digital assets team believes that the broader crypto market still has substantial room for growth and advises clients to buy everything they can.
- The timing of Bernstein's bullish recommendation aligns with a 20% surge in the overall crypto market cap since Trump's victory.
- The appointment of a pro-crypto SEC chair by Trump could lead to more favorable regulations for the crypto industry in the US.
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5 Likes
Bloomberg Quint
2d
387
Image Credit: Bloomberg Quint
Bitcoin At $100,000 On The Cards? Trump Win Fuels Crypto Optimism
- The outcome of the US presidential election is being hailed as a significant win for the crypto industry, with Bitcoin's price soaring in the wake of Donald Trump's victory.
- Bitcoin's value has risen more than 25% since Nov. 5, and several industry experts predict six figure values soon.
- Trump's promises of a more crypto-friendly environment include appointing a pro-crypto chair to the Securities and Exchange Commission and creating a US Bitcoin reserve.
- Investor sentiment is also reflected in the options market, where traders are placing bets that Bitcoin will surpass $100,000 by the end of the year.
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23 Likes
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