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Cryptonews
1M
113
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China Stimulus, US Jobs Data Push Bitcoin Past $65,000
- Bitcoin surged past $65K, driven by positive US jobs data and China's economic stimulus measures.
- China is implementing liquidity measures, including interest rate cuts and increased bank liquidity, to stimulate its economy.
- Bitcoin's strong long-term correlation with global liquidity suggests that it tends to rise when liquidity expands.
- Market observers believe that China's liquidity measures and positive US economic and labor data could lead to a sustained Bitcoin rally.
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Newsbtc
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Analyst Warns Of A ‘Super Signal’ For Cardano (ADA): Could It Outperform Bitcoin?
- Cardano (ADA) has recorded gains of nearly 13% over the past week, outperforming Bitcoin.
- An analyst highlights a 'super signal' on the ADA/BTC trading chart, indicating potential price increases for ADA.
- ADA is currently testing key levels and a close above the 21-day EMA could signal an upward trend.
- Market analysts believe the crypto market has entered an 'up only' phase, with ADA expected to experience upward momentum and possibly approach the $1 mark.
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Cryptonews
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Gary Gensler Says BNY Mellon Crypto Custody Approval Could Go Past BTC, ETH ETFs
- BNY Mellon has received SEC approval to hold crypto assets beyond Bitcoin and Ethereum ETFs.
- The approval is thanks to the bank's non-objective status, allowing them to broaden their crypto asset services.
- This designation is an exception to the SAB 121 rule, making it easier for traditional banks to offer crypto custody services.
- BNY Mellon's approval could lead to more competitive fees compared to non-bank services and potential market expansion for traditional banks.
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Newsbtc
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Ethereum Price Eyes Bitcoin’s Lead: Can It Climb to a New Weekly High?
- Ethereum price is eyeing a fresh increase above $2,665.
- The price is trading above $2,620 and the 100-hourly Simple Moving Average.
- A break above a connecting bearish trend line with resistance at $2,625 occurred.
- The pair must stay above the $2,600 support for a potential upward movement.
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Cryptonews
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Aussie Crypto Analyst Predicts This Metric Will See Altcoins “Steal the Show”
- Australian analyst Michael Pizzino believes altcoins are on the rise and an altcoin season may be approaching.
- Pizzino analyzes two charts: True Bitcoin Dominance and True Altcoin Market Cap.
- The True Altcoin Market Cap has broken above a six-month downward trendline, indicating a bullish state for altcoins.
- If the altcoin market can hold or break the resistance level at US $480b, an altcoin season may be in the early stages.
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Cryptonews
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xForge vs Solana Seeker: Ethereum Enters the Blockchain Phone War
- Ethereum’s new phone, xFone, is set to take on Solana’s blockchain-powered phone market with the upcoming launch of xForge.
- The phone is designed to integrate blockchain technology, aims to push forward the concept of decentralised applications (dApps) and Web3 experiences, offering more robust security and privacy compared to conventional smartphones.
- Features like hardware-backed encryption and decentralised storage will enable users to safely manage their crypto wallets, tokens, and dApps without relying on third-party services.
- With more companies exploring blockchain phone wars, including big names like HTC and Samsung, xForge is stepping into a competitive space.
- Regulatory hurdles slow down CBA’s digital asset innovations
- Sophie Gilder, who manages blockchain and digital assets at CBA, says the regulators don't have enough resources to properly evaluate new, innovative products like those in the crypto space.
- Gilder hopes that the Albanese government will push through some laws to give more clarity around digital assets.
- Australian regulators have improved their knowledge of digital assets in the past five years, but their teams are still much smaller than those dealing with traditional assets, which makes it hard for them to assess the many different crypto use cases that come their way and determine their impact on customers and the market.
- Bitcoin hits $65,000 for the first time in months
- Bitcoin is sitting right at the $65,000 resistance – a level that could determine whether the current bull run continues or we see a pullback in the market.
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Bitcoinik
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Bitcoin Soars to $65K: $70K coming! as Binance Co-Founder CZ Prepares for Release!
- Bitcoin is predicted to surge above $70k, supported by bullish factors and the release of Binance co-founder CZ from jail.
- CZ, the former CEO of Binance, is set to be released from jail on September 29th. Some reports suggest he might be released earlier due to the weekend policy.
- CZ will be restricted from playing an executive role in Binance but will remain the owner. The positive sentiment surrounding his release is expected to boost the trade price of Bitcoin and Binance Coin (BNB).
- The trade price of BNB is currently at $602, marking a 90% increase year to date (YTD).
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Hackernoon
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Reminder: Bitcoin CAN Make Civilization Sane
- Bitcoin is the best form of money ever invented, and it’s the best-performing financial asset on the planet.
- Bitcoin is hard money and the best performing asset in the last five to ten years.
- Bitcoin is the strongest computer network in history. It’s a $280 billion bug bounty and no one has broken it.
- Bitcoin's main use-case is not payments. The best use-case for bitcoin right now is holding. It’s an emerging store of value.
- Bitcoin Is scarce, and, it’s mathematically engineered to become scarcer over the course of 4-year 'halving' cycles.
- Smart money is fleeing the US Dollar and Western civilization learns a painful and prolonged lesson about socialism, those who buy Bitcoin at $50K or $100K will look pretty smart.
- Under a bitcoin system, there are consequences for acting irresponsibly. No money printer to bail you out.
- Cryptocurrency will be the vehicle that gets us to a freer, saner future.
- The Golden Age of Capitalism happened thanks to the ascendancy of the US Dollar in the second half of the last century.
- We can look forward to an even brighter golden age with Bitcoin as the world reserve currency.
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TronWeekly
1M
305
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Bitcoin’s MVRV Drops Below Key Averages, Signaling Undervaluation: Report
- The Bitcoin market continues to trade sideways as its MVRV (Market Value to Realized Value) ratio drops beneath key 1-year and 4-year marks.
- CryptoQuant suggests that this indicates that the cryptocurrency may still be undervalued.
- For the market to regain its bullish momentum, the MVRV needs to rise above the 1-year average.
- Bitcoin traders are closely monitoring the MVRV ratio for signals of a change in direction.
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Coin Telegraph
1M
414
Bitcoin rallied above $65K, but will BTC price hold this level?
- Bitcoin price rallied above $65,000 after dropping to $62,705.
- US stock market reaching all-time high influenced the rally.
- Macroeconomic trends and institutional interest support further price rise.
- Fears of a stock market bubble are fading due to strong economic growth.
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24 Likes
Coin Telegraph
1M
332
The key misunderstanding with China's purported BTC hashrate dominance
- Chinese mining pools control 55% of the Bitcoin (BTC) network hashrate, while US mining pools control 40%.
- The claim misses the point that Chinese mining pools include miners from all around the globe, including the United States.
- Two US-based mining pools, MARA Pool and the USA Foundry Pool, mined 33.6% of all blocks in August 2024.
- The hashrate from these US pools doesn't reflect US-based miners that have joined pools in different countries.
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TronWeekly
1M
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Coinbase’s cbBTC Dominates Wrapped Bitcoin Market
- Coinbase's cbBTC has quickly become the leading wrapped Bitcoin token, capturing 49% of the market share in just two weeks.
- cbBTC's combination of security, transparency, and efficiency sets it apart from competitors.
- The surge in cbBTC's popularity reflects the increasing interest in DeFi and wrapped assets.
- Its success could potentially drive further innovation and adoption of DeFi protocols in the cryptocurrency landscape.
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Bravenewcoin
1M
41
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Bitcoin Surges to a Two-Month High Above $65,000
- Bitcoin surged past the $65,500 mark, its highest level in nearly two months.
- The surge was triggered by traders feeling bullish after the U.S. Federal Reserve implemented its first interest rate cut.
- Another 50 basis point cut is being speculated at the upcoming meeting on November 7.
- BlackRock's Bitcoin Trust (IBIT) saw significant inflows with nearly $185 million added to the fund.
- China's potential injection of 1 trillion yuan into the economy triggered a 3.6% jump in the Shanghai Composite Index.
- Bitcoin saw notable accumulation of around 88,000 BTC in the past 30 days, particularly by retail investors.
- Around 40,000 BTC were withdrawn from exchanges, reducing liquidity and creating a bullish environment.
- BlackRock describes Bitcoin as a 'unique diversifier' and 'an emerging global money alternative.'
- Bitcoin has demonstrated resilience and recovery even when traditional markets suffer.
- Options trading in IBIT could attract more institutional investors, but opinions on its impact on Bitcoin market volatility are divided.
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Coinjournal
1M
341
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US SEC Chair Gensler reaffirms Bitcoin (BTC) is not a security under SEC rules
- US SEC Chair Gensler reaffirms Bitcoin (BTC) is not a security under current regulations.
- SEC plans new regulations for DeFi and trading systems to protect investors.
- Crypto firms, including Coinbase, push back against expanding regulatory scope.
- Gensler emphasizes the importance of regulatory clarity and trust in the market.
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Bitcoinchaser
1M
4
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How to Delete Stake Account: Full Guide (2024)
- Deleting a Stake account is not possible due to legal and compliance obligations.
- However, users can opt for self-exclusion to lock themselves out of their account for a specific period, such as 6 months, 1 year, or indefinitely.
- Temporary exclusion is also available for shorter breaks, lasting 1 day, 1 week, or 3 months.
- Stake offers a casino exclusion option for sports betting fans, allowing them to be locked out of the casino section while still enjoying sports betting.
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