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Ether (ETH), the second-largest cryptocurrency by market capitalization, rose more than 1% to hover around $1,830 Monday afternoon. Among other digital assets, LDO, the governance token for the liquid staking platform Lido, surged 11% to trade at $2.15, while indexing protocol The Graph's GRT token jumped more than 12% to
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On April 26, the United States House of Representatives passed a bill to increase the U.S. debt ceiling. This led analysts to weigh its potential impact on the price of Bitcoin (BTC), ranging from highly bearish to overly bullish.Ultimately, U.S. dollar liquidity is the key to both of these opposing viewpoints.“Deflationary
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The leading cryptocurrency by market value fell by 9% to $27,600, registering its largest single-week percentage loss since early November, according to data from TradingView and CoinDesk. The yield on the 10-year U.S. Treasury note rose by six basis points (bps) to 3.58%, its second straight weekly gain, denting the
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The United States has experienced a very concerning financial crisis in the banking sector this year. The United States House Republicans are notably pushing a Bill that will help ease President Joe Biden’s worry about the current status of the Debt Ceiling. As reported by Bloomberg, the proposal will explore two
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"The debt ceiling never used to be an issue and was always raised without much fight. But then, in 2011, it became a huge issue and the economy took a hit that lasted for a few months, and the Federal credit rating was downgraded. While most politicians should remember that
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In November of 2021, the crypto market cap reached a peak of 2.8 trillion USD, putting it on par with Apple’s market cap and bigger than Microsoft’s, sending a clear message to the world; Crypto is here to stay. Despite this massive achievement, there has been significant push-back from institutions
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The price action for Bitcoin (BTC) continues to tantalize investors and once again, concerns over the state of the global economy and rising inflation have prompted warnings that the Fed's upcoming interest rate hikes could do more damage then good to the state of the market.Data from Cryptox Markets Pro
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U.S. Senator Cynthia Lummis said, “Thank God for bitcoin,” during her speech to the Senate about raising the U.S. debt limit. “Bitcoin is not issued by a government, so it is not beholding to the debts that are run up by governments,” she explained. US Senator to Congress: ‘Thank God for
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The trading volume of ETH put options expiring on Oct. 8 has soared, according to data from Deribit, a crypto futures and options exchange. A large number of put options is seen around the $2,700 price level, which, if breached, can trigger long liquidations. A put option is a contract
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Bitcoin (BTC) shot to new highs of $42,400 on July 31 in a surprise attack on range resistance which sellers failed to squash.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin seals 10 green candles in first since 2012Data from Cryptox Markets Pro and TradingView showed BTC/USD gaining for a tenth straight day
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