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Bitcoinsensus

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Can Trump’s Victory Influence the Fed’s Interest Rate Decisions?

  • Markets are anticipating another interest rate cut at the upcoming Federal Reserve FOMC meeting.
  • Trump's policies, including tax cuts and import tariffs, may impact the Fed's future rate decisions.
  • Increased federal spending under Trump's plans could lead to inflation risks, complicating the Fed's rate policy.
  • The current 2.4% inflation rate suggests a possible 0.25% interest rate cut at the upcoming meeting.

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Cryptonews

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‘Golden Age of Crypto’: Analysts Say Trump Win to Usher in New Era for US Crypto Policy

  • Donald Trump secures a second term as president, bolstering confidence among the crypto community.
  • Trump's pre-election campaign focused on Web3 reform, leading to optimism for regulatory clarity.
  • Analysts believe restructuring the SEC and replacing Chair Gary Gensler can bring positive financial reform to the Web3 industry.
  • Many analysts predict Bitcoin's price to reach $100k by the end of 2024.

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Cryptonews

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Solana ETF Next? SOL Rallies 14%, Surpasses BNB to Become Fourth Largest Crypto

  • Bitcoin and Ethereum surge 9% and 11% respectively following Trump's re-election.
  • Dogecoin sees an 18% increase fueled by rumors of Elon Musk's involvement in a Trump government initiative.
  • Solana rallies 14% and surpasses Binance's BNB to become the fourth largest cryptocurrency by market cap.
  • Market optimism rises with expectations of pro-crypto policies under Trump, including a potential Solana ETF and relaxed regulations.

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Cryptonews

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Massive Profits | $11K in Hours as Bitcoin Hits All-Time High!

  • Bitcoin's price hits an all-time high, leading to massive profits for traders.
  • Empire community members have achieved impressive gains, including a $11K profit in just a few hours.
  • Bitcoin's next targets are identified, including resistance levels at $76K, $83K, $102K, and a 'hype extension' target at $155K.
  • There is speculation about a possible market correction after the recent pump in Bitcoin and altcoins.

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Bitcoinsensus

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Coinbase CLO Points Finger at SEC for Democrats’ Downfall

  • Coinbase CLO Paul Grewal blames the SEC for the Democrats’ loss in the 2024 election.
  • Grewal urges the SEC to stop suing crypto companies and improve communication.
  • The crypto community expects significant changes with Trump’s upcoming presidency.
  • Trump plans to fire SEC Chair Gary Gensler in January.

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Bitcoinsensus

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Garlinghouse’s Requests Trump: Fire Gensler on Day One

  • Ripple CEO Brad Garlinghouse congratulated Trump on his second election win and urged him to fire SEC Chair Gary Gensler.
  • Garlinghouse recommended appointing Chris Giancarlo, Brian Brooks, or Dan Gallagher as Gensler’s replacement to rebuild the SEC’s reputation.
  • He also suggested hosting a bipartisan dinner to support the Digital Asset Market Structure Bill and called for clarity on Ethereum’s classification.
  • Garlinghouse believes these actions are crucial for the growth and stability of the cryptocurrency market.

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Insider

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Stock market euphoric over Trump win

  • US stocks rallied after Donald Trump's election victory, with major indexes reaching fresh records.
  • Bank stocks, tech shares, and bitcoin surged during the trading session.
  • Investors expect deregulation and lower taxes under a Trump presidency to benefit US corporations.
  • Traders are now focusing on the Fed's interest rate decision and potential inflation under another Trump term.

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Bitcoinist

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The Rise And Fall Of Hamster Kombat: Why 260 Million Players Abandoned The Game

  • Hamster Kombat, a popular crypto-based clicker game on Telegram, is experiencing a significant decline.
  • The game has lost approximately 260 million players in just three months.
  • The project's token, HMSTR, has seen a 76% value drop.
  • With a decline in user base and token value, confidence in the project is diminishing.

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TheNewsCrypto

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US Strategic Bitcoin Reserve Gains Momentum Following Trump Victory

  • US Senator Cynthia Lummis revealed a major legislative plan to establish a strategic Bitcoin reserve.
  • The goal is for the US Federal Reserve to own as much as 5% of the entire Bitcoin supply.
  • The Republican Party's control of Congress increases the odds of passing the Bitcoin Bill.
  • The US plans to acquire 1 million BTC per year for its strategic Bitcoin reserve.

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Coin Telegraph

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US lawmaker doubles down on crypto promises after Trump win

  • Republican Senator Cynthia Lummis plans to have lawmakers pass a bill to build a strategic Bitcoin reserve.
  • Lummis introduced the Bitcoin Act in July, proposing the US government buy 1 million BTC and hold it for at least 20 years.
  • With Republicans expected to have a majority in the US Senate, Lummis and her colleagues may have the votes needed to carry out the plan.
  • This idea was originally suggested by then-presidential candidate Donald Trump, who proposed the US government not sell any seized Bitcoin.

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TheNewsCrypto

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Galaxy CEO Novogratz Backs Hester Peirce as Potential SEC Chair

  • Galaxy CEO Mike Novogratz believes Hester Peirce would be a great choice to lead the US SEC.
  • Peirce, also known as 'Crypto Mom', has been outspoken in her support of cryptocurrency.
  • Novogratz's endorsement of Peirce aligns with his push for a transparent regulatory structure for the crypto industry.
  • With Gary Gensler's tenure as SEC Chairman coming to an end, Peirce's possible run for the position suggests a potential shift in cryptocurrency regulation.

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Bitcoinist

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Bitwise CIO Declares: ‘We Are Entering The Golden Age Of Crypto’ With Years Of Bull Market Ahead’

  • Matt Hougan, Chief Investment Officer at Bitwise Asset Management, believes that the cryptocurrency market has entered a "golden age" with a years-long bull market ahead.
  • Hougan is optimistic about the regulatory environment under the new Trump administration, expecting a more favorable stance towards cryptocurrencies.
  • He foresees balanced regulation, clearer legislation for stablecoins, and improved conditions for institutional investors to evaluate cryptocurrencies.
  • Hougan points to catalysts such as growing institutional interest, the impact of the Bitcoin Halving, and rising US national debt as factors contributing to sustained market momentum.

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Zycrypto

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Bitcoin Hits $75,410: Satoshi’s Vision of “Bitcoin Power” Rings True 16 Years Later

  • Bitcoin recently hit an all-time high of $75,410, adding new context to Satoshi Nakamoto's vision for the digital currency.
  • Nakamoto's vision of a digital currency free from banks and border restrictions is coming true as Bitcoin's market cap reaches $1.49 trillion.
  • The recent price surge has attracted old wallet holders and investors, leading to increased market activity and hopes of a new bull run.
  • Bitcoin's record-breaking moment and market-wide surge indicate the cryptocurrency's potential for a broader parabolic rally in the future.

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Newsbtc

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Massive Bitcoin Short Liquidations Send BTC Above ATH – Trump Win Sets A Bullish Environment

  • Bitcoin surged to new all-time highs, hitting $75,300 and triggering significant liquidations.
  • Short liquidations exceeded $100 million in a single one-minute candle, signaling strong buying pressure.
  • The Trump win in the U.S. election sparked renewed enthusiasm for crypto assets.
  • Bitcoin's price discovery mode and bullish phase continue, with expectations of further volatility and potential higher highs.

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Zycrypto

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Trump Election Win: A New Era for U.S. Crypto Policy?

  • Crypto markets surged Tuesday night as Bitcoin hit a new all-time high above $75,000, following NBC’s projection of wins for former president Donald Trump.
  • Trump's election victory has sparked optimism in the crypto market, with Bitcoin reaching new highs and crypto stocks surging.
  • Trump has proposed building a national Bitcoin reserve and appointing crypto-friendly leaders to rewrite regulations in support of the industry's growth.
  • He aims to boost U.S. Bitcoin mining, reduce reliance on foreign operations, and exempt Bitcoin from federal taxes.

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