Bitcoiners were noticeably more upbeat on social media today as the odds of a US Federal Reserve rate cut in December nearly doubled compared to just a day earlier. Some crypto market participants are speculating that this could be the catalyst Bitcoin (BTC) needs to halt the asset’s downward trend. “Let’s see if that’s enough…
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The Bitcoin community lit up on Thursday after US Treasury Secretary Scott Bessent made an unannounced appearance at the launch of Washington’s new Bitcoin-themed bar, Pubkey. “Having the Secretary of the Treasury at the Pubkey DC launch seems like a moment I could easily look back on and say ‘wow, it was all so obvious,”…
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Veteran trader Peter Brandt said he doesn’t see Bitcoin reaching $200,000 before the end of the year as some crypto executives have predicted. In fact, he argues it may take nearly four more years to get there. “The next bull market in Bitcoin should take us to $200,000 or so. That should be in around…
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Bitcoin’s recent price plunge has little to do with the recent US government shutdown or with the so-called AI tech bubble, according to crypto analysts. Many market participants had speculated that Bitcoin (BTC) — which recently fell to its lowest level in almost eight months — was still reeling from widespread macroeconomic uncertainty due to…
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The Abu Dhabi Investment Council (ADIC) nearly tripled its exposure to Bitcoin during the third quarter through BlackRock’s spot Bitcoin fund, according to a recent report. Several market participants saw it as a signal that institutional interest in crypto is still gaining momentum in the United Arab Emirates. ADIC, an investment arm of Mubala Investment…
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Strategy executive chairman Michael Saylor has shrugged off concerns that Wall Street’s entry into Bitcoin affected its price action and volatility. “I think we are getting a lot less volatility,” Saylor said when asked the question during an interview with Fox Business on Tuesday. It comes as Bitcoin (BTC) has fallen nearly 12% over the…
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The US government is unlikely to start accumulating Bitcoin for its strategic reserve until other nations make the first move, says crypto entrepreneur Mike Alfred. Alfred said in a podcast published on Tuesday that the US government will start putting Bitcoin (BTC) into its reserve created earlier this year “when there is enough pressure externally.” …
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Analysts have questioned whether November deserves its reputation as Bitcoin’s historically “strongest month” after the cryptocurrency dropped 10% over the past seven days and briefly sank below $90,000. “Historical averages suggest strength, but those numbers are skewed and the current backdrop is anything but normal,” James Harris, the CEO of crypto yield provider Tesseract, told…
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The average investor still hasn’t reached a clear consensus on which crypto assets beyond the top two warrant serious attention, according to Anthony Bassili, president of Coinbase Asset Management. “There’s a very, very clear view in the investor community in terms of the right first portfolio is Bitcoin. The next is Bitcoin, Ethereum,” Bassili said…
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WisdomTree’s head of digital assets, Will Peck, anticipates that exchange-traded funds (ETF) that hold diversified baskets of cryptocurrencies will fill a significant gap in the market in the coming years. “It does seem like that’s going to be one of the next waves of adoption,” Peck told Cointelegraph at The Bridge conference in New York…
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