Bitcoin tends to rally in October, possibly opening the door for MKR, AAVE, RUNE, INJ and other altcoins. After rising about 80% in the first two quarters of 2023, Bitcoin (BTC) fell roughly 11% in the third quarter ending September. However, there is a silver lining for the bulls because they managed a positive monthly…
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One of the main crypto headlines today involves Franklin Templeton seeking regulatory approval for a Bitcoin ETF. Financial services company Franklin Templeton filed an application on Tuesday for a Bitcoin exchange-traded fund (ETF), the latest major firm looking to bring a crypto ETF to market. Given the latest developments on crypto-related ETFs, what are the…
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Bitcoin is searching for stability in the $25,000 zone. Meanwhile, HBAR, OP, INJ and RUNE price looked primed for further upside. Trader sentiment has turned bearish following Bitcoin’s (BTC) 11% slump this week. Although Bitcoin is taking support near $25,000, several analysts are factoring in another leg down toward the crucial $20,000 level. The weakness…
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Injective (INJ) has defied the prevailing downward trend to secure significant gains. While most crypto assets experienced losses, INJ has emerged as the sole gainer among the top 100 cryptocurrencies. The cryptocurrency’s price climb comes as a welcome relief to investors navigating the tumultuous waters of the market. As the cryptocurrency market grapples with a…
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One of the largest pieces of news impacting crypto markets today is that Coinbase has requested the dismissal of a lawsuit filed against them by the United States Securities and Exchange Commission (SEC), according to an announcement made today by Paul Grewal, the company’s Chief Legal Officer. Grewal disseminated the news on X, stating, “Coinbase…
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The U.S. Federal Reserve’s recent decision to maintain its key lending rate has surprised many, as it breaks the trend of rate hikes observed in the past year and a half. This has left some wondering how long the pause will persist, given the persistent inflationary forces in the economy and the challenge of reining…
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Cryptocurrency markets are choppy in wake of a mixed US labor market report that saw a beat on the headline non-farm payrolls number (i.e. the number of jobs added in May), but also a larger than expected rise in the unemployment rate and a slowdown in the MoM pace of average hourly earnings growth. Bitcoin…
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Conservative Republicans are opposing the bipartisan agreement to raise the U.S. debt ceiling, which could result in a U.S. default if it doesn’t pass its first test in Congress. Both President Joe Biden, a Democrat, and the leading Republican figure in Congress, House Speaker Kevin McCarthy, anticipate the requisite votes to enact the bill before…
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The battle between Bitcoin and the $27,000 mark continues, with the cryptocurrency struggling to make headway in the face of mounting economic challenges. However, a ray of hope is beginning to break through the macroeconomic clouds as Federal Reserve Chair Jerome Powell suggests a possible abatement in rate increases. In the face of mounting cryptocurrency…
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In a financial landscape characterized by soaring volatility, Bitcoin, the flagship cryptocurrency, is demonstrating a shift from its bullish trajectory that had set the tone for the year. Today’s trading pattern shows a notable pullback from last month’s high of $31,046, presenting a murky market sentiment. Given this state of flux, what are the best…
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