Crypto

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Bitcoin Surges Past $44,000, Anticipation Grows for US Approval of Spot Bitcoin ETF

Crypto

In a significant uptick, the price of bitcoin surged above $44,000, marking its highest valuation since April 2022, as reported by Coin Metrics this morning (Dec. 6). This rally has been propelled by investors’ anticipation of the United States greenlighting the establishment of a Spot Bitcoin ETF in the early months of next year. The …

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Bitcoin’s Projected Surge to $100,000 in 2024: Fed Cuts and Potential Spot Bitcoin ETF Fuel Optimism

Crypto

Amidst a landscape of fluctuating fortunes for cryptocurrencies, industry insiders are voicing newfound optimism about Bitcoin’s trajectory. Forecasts indicate that Bitcoin’s value is poised to breach the significant $100,000 threshold in 2024. This surge is anticipated to be bolstered by a convergence of factors, including potential interest rate cuts by the Federal Reserve (Fed), the …

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Bitcoin’s August Trading Volume Hits a Nearly 5-Year Low as Investor Activity Slows

Crypto

Recent data from CryptoQuant, a prominent market analytics provider in the cryptocurrency space, reveals a significant decline in Bitcoin trading volume throughout the month of August. In a surprising shift, the trading volume for Bitcoin has reached its lowest point in nearly five years, reflecting a cautious approach from investors who appear to be waiting …

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Bitcoin Rebounds 65% Despite Turbulent Crypto Market

Crypto

The cryptocurrency industry has faced significant challenges in recent months, including the bankruptcy of several crypto companies and the arrest of FTX Founder, Sam Bankman-Fried. Additionally, Binance, the world’s largest cryptocurrency company, is currently facing a lawsuit filed by US regulators. However, amidst this turbulence, Bitcoin, the largest cryptocurrency, has managed to rebound and is …

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Bitcoin Soars More Than 3% as Microsoft-Alphabet Shares Soar on Bright Results

Crypto

The price of bitcoin and other cryptocurrencies experienced a significant rise early this morning, driven by the soaring share prices of major technology companies Microsoft and Alphabet, after both companies revealed stronger-than-expected results. Bitcoin surged by 3.45% to $28,337.13, while ether, another popular cryptocurrency, rose by 2.1% to $1,869.46. Jung-Yu Ma, an analyst at BMO, …

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Crypto Stocks Surge Ahead of Wall Street Opening; Bitcoin Surpasses $30,000

Crypto

Cryptocurrency-related stocks experienced a significant rally ahead of the opening of Wall Street today, with shares of Coinbase Global Inc, Riot Platforms Inc, and Marathon Digital Holdings Inc all surging by 3.0-4.2%. Bitcoin, the most well-known cryptocurrency, also rose above $30,000 for the first time in 10 months, supported by investor concerns over the crisis …

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Bitcoin Surpasses $30,000 Amid Easing Concerns About Banking Sector, Investors Aggressively Buy

Crypto

Bitcoin, the world’s most popular cryptocurrency, surged above $30,000 this morning, driven by investor optimism after signs of the crisis in the US banking sector beginning to subside. The price of Bitcoin rose by $1,985.33, or 7.02%, reaching $30,331.57. Investors are showing renewed interest in cryptocurrencies, including Bitcoin and Ether, as concerns about the banking …

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Bitcoin Soars Close to $27,000 Following US Lawsuit Against Binance for Money Laundering Violations

Crypto

Bitcoin prices are on the rise again as the world’s largest cryptocurrency trading platform, Binance, faces legal action by US authorities for violating money laundering laws. The CEO of Binance, Zhao Changpeng, is the subject of the lawsuit filed by the US Commodity Futures Trading Commission (CFTC). Bitcoin’s value has climbed to $27,000 as investors …

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Bitcoin Surpasses $28,000, Making New Highs for 9 Months

Crypto

Bitcoin, the world’s largest cryptocurrency, surged past $28,000 to hit a nine-month high, as investors flocked to cryptocurrencies as alternative assets amid concerns about the banking crisis. The price of Bitcoin rebounded by 0.89% to $28,124.12 this morning. The cryptocurrency was boosted by expectations that the US Federal Reserve (Fed) would slow down on raising …

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