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Prices are up 14% for the month, with gold registering a much lesser 6.7% gain. Gold, however, picked up a bid a week before bitcoin, as the outbreak of tensions between Israel and Hamas, alongside continued speculation about the end of the Fed tightening cycle, signaled an inflationary regime ahead. Source
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SkyBridge Capital founder Anthony Scaramucci believes that if Balckrock receives approval to launch a spot Bitcoin ETF, it could cause Bitcoin’s value to multiply as much as 11 times. The politically connected entrepreneur — who is also the founder and chairman of SALT, a global conference series that covers finance, economics,
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A panel at the PlanB conference in Lugano on Oct. 20 focused on efforts to drive Bitcoin (BTC) adoption in the city. The panel included Mayor of Lugano Michele Foletti, CEO of Tetragon Pavel Matveev and other leaders involved in PlanB — an initiative launched in September 2021 to make Lugano
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The bitcoin price could rise to between $42,000 and $56,000 if the BlackRock ETF is approved, according to crypto services provider Matrixport. Such bullish price action would also help crypto-linked stocks such as Coinbase, MicroStrategy (MSTR) and miners including Marathon (MARA), Riot Platforms (RIOT). Source
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Investors, meanwhile, have flocked to Solana-focused funds, asset manager CoinShares reported, with $24 million of net inflows last week. It was the largest weekly influx since March 2022, as SOL continued to "assert itself as the altcoin of choice," CoinShares head of research James Butterfill said. Original Source
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Bitcoin (BTC) tapped $30,000 into the Oct. 20 Wall Street open as analysts directed attention to the weekly close.BTC/USD 1-hour chart. Source: TradingViewBTC price sets up weekly close showdownData from Cryptox Markets Pro and TradingView captured new two-month BTC price highs of $30,233 on Bitstamp.The pair showed continued strength during
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All major tokens reversed losses from the past week, bitcoin jumped above $30,000, and ether (ETH) crossed the $1,600 mark on Friday. XRP gained 7.2% after a key court decision favoring payments firm Ripple helped improve sentiment. Meanwhile, Solana’s SOL rose 12%, extending its weekly gains to over 25%. Original Source
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ETFs are traded on an exchange, like stocks, and track the performance of an underlying asset. They are popular because they allow investors to gain access to cryptocurrencies without having to purchase the underlying digital assets themselves. They are also cheaper to trade. The crypto market is hopeful that the
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In other words, more and more people on main street are scanning the web for information about bitcoin spot ETFs and how they might affect the market capitalization of what is already the world's largest the cryptocurrency. Market participants are convinced that the U.S. Securities and Exchange Commission, having recently
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“Bitcoin has also been encouraged by possible ETF approval and an increasing number of ETF submissions by leading companies,” shared Lucy Hu, senior trader at Metalpha, in a message early Friday. “The SEC opted for a no-appeal on Grayscale’s ruling, and as the deadline for BTC spot ETF applications from
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