Mark Yusko, the principal of Morgan Creek Capital Management, a fund management organization with $1.6 billion in its custody, shared some thought-provoking predictions about the future value of Bitcoin today. He sees the most prominent cryptocurrency achieving a value of $300,000 by the end of 2028, raising some eyes in the crypto space today as…
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In a move to combat ongoing inflationary pressures in the U.S. economy, the Federal Reserve announced a 0.25% hike in its key interest rate today, pushing it to a high of 5.5%—a level unseen in 22 years. Despite witnessing a decline in consumer prices for a consecutive 12-month period, June marked a rise with a…
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Prime Minister Fumio Kishida of Japan made a resolute statement today that could be a boon to crypto markets, reiterating the country’s ambition to be at the forefront of Web3 innovation. His remarks coincided with news that leading cryptocurrency exchange Binance plans to launch operations in Japan beginning August 2023. This provides a new on-ramp…
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Bitcoin is currently trading at $29,038 and has dipped by 3.47% so far today, likely due to market anticipation of the Federal Reserve’s interest rate announcement on July 26. The broader cryptocurrency market is also experiencing declines. Ether, the second-largest crypto, is down 2.39% and trading at $1,844. Other major cryptos, such as Ripple and…
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Bitcoin and the broader cryptocurrency market are experiencing a slump today, adding further pressure to an already tense market sentiment. Despite reaching a 13-month high of almost $31,700 last week, Bitcoin’s momentum has been dwindling since, with its price consistently falling below the 20-day Exponential Moving Average (EMA) this week. The indicator could now be…
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After reaching a 13-month high of $31,800 on Thursday, Bitcoin has pulled back over the last couple of days and is now facing resistance around $30,000. The leading cryptocurrency by market cap is currently trading at $29,551, down 2% so far today. The broader cryptocurrency market cap has also fallen by 0.85% to $1.16 trillion.…
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As crypto markets hold relatively steady today after recent gains the United States Securities and Exchange Commission (SEC) has commenced a process inviting the public to share their perspectives on Bitcoin Exchange Traded Funds (ETFs). This development surfaces just ahead of the July 2023 assembly of the Federal Open Market Committee (FOMC) set on July…
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With an unwavering conviction in the potential of cryptocurrencies, Larry Fink, helmsman of BlackRock, the world’s most influential asset management firm, expressed a stronger faith in digital assets as investment tools today. His contention is that cryptocurrencies will “transcend any one currency.” How will this influence the best cryptos to buy now? Fink shared his…
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The crypto market is currently witnessing a notable uptick, propelled by the recent legal victory of Ripple, the company behind XRP, in its lawsuit against the SEC. Bitcoin, along with other cryptocurrencies, is experiencing the ripple effect of this pivotal moment in the industry. In light of this significant macroeconomic development, what are the best…
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Despite softer-than-expected US headline and core inflation numbers for June, which weighed heavily on the US dollar and US yields whilst also pushing up US equity markets as Fed tightening bets ease, crypto markets have failed to rally. Bitcoin (BTC) was last near $30,500 and ether (ETH) was last in the upper $1,800s. Over all…
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