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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Hong Kong’s financial regulator announced it will allow retail investors to trade certain cryptocurrencies starting June 1, perhaps contributing to a small boost to Bitcoin’s price in the past 24 hours. The leading cryptocurrency is up by 1.3% so far today at $27,384 following the policy change by Hong Kong’s Securities and Futures Commission. With…
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Tether, the largest stablecoin issuer and one of the most controversial companies in crypto, announced a new investment strategy today: the company will allocate up to 15% of its reserves to buy and hold Bitcoin. The strategy moves away from Tether’s long-held conservative investment approach and shows that the company believes that Bitcoin is the…
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After a weekend of volatile trading, Bitcoin is on an upward trajectory, albeit still below significant thresholds. As we head into a week potentially lacking in market catalysts, the focus remains on Bitcoin’s performance. How might this recent cryptocurrency market activity affect the best cryptos to buy now? Bitcoin is currently trading at $27,337, with…
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The cryptocurrency market is currently experiencing a puzzling episode as the crypto total market cap underwent a sharp decline of $100 billion on Wednesday, only to witness a swift recovery. The leading cryptocurrency, Bitcoin, saw its value dip to a low of $27,000, while Ethereum fell to $1,700. How might this unusual market volatility affect…
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Bitcoin has recently encountered a tumultuous period, having ascended past the $30,000 mark just last week only to experience a subsequent decline. Reaching a nine-month peak, the achievement initially sparked market enthusiasm, but excitement waned as the cryptocurrency’s value fell to $27,000. How might this downturn in the cryptocurrency market affect the selection of the…
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In a remarkable display of resilience, Bitcoin has broken the $30,000 barrier for the first time in ten months, after plummeting to a two-year low in November. With this surge, questions arise as to whether the bear market has ended, and what impact this resurgence in the cryptocurrency market might have on the best cryptos…
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Despite facing opposition from the US government, Bitcoin has demonstrated resilience by achieving a nine-month high of $29,182 earlier today and, consequently, setting a new record for 2023. With less than two days remaining before the weekly and monthly candle close, increased market volatility is expected. Given these circumstances, the question arises: What is Bitcoin’s…
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As Bitcoin forges ahead in its pursuit of the significant $30,000 level, the cryptocurrency is experiencing a resurgence of bullish momentum after a temporary dip related to regulatory issues, with investors eying a fed pivot sometime this year. How might this affect the best cryptos to buy now? Bitcoin saw its value rise for the…
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The cryptocurrency market was caught off guard today as news broke of a CFTC lawsuit targeting leading crypto exchange Binance and its CEO, Changpeng Zhao. How might the recent developments in the ongoing conflict between regulatory authorities and the cryptocurrency industry affect the best cryptos to buy now? The Commodity Futures Trading Commission (CFTC) initiated…
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