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Dan Tapiero also shared insights into his bullish Bitcoin price prediction emphasizing on the cryptocurrency’s role as a monetary network and immutable, distributed ledger. Bitcoin has been flirting around $37,000 levels for a while and has left investors confused over what could be its next direction. Long-term investors continue to stay
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His positive outlook primarily stems from his belief that the Federal Reserve has concluded its interest rate hikes. Over the past 20 months, central bankers have implemented a 525 basis points increase to counter inflation, a measure that negatively impacted stocks in 2022. However, with inflation significantly cooling from the highs
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BitGo CEO Mike Belshe says the market should expect another round of spot Bitcoin ETF rejections as there are still issues to be resolved. Although the crypto market is seeing signs that a spot Bitcoin (BTC) exchange-traded fund (ETF) will finally be approved somewhat in the near future, BitGo CEO Mike
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After 17 days, the fate of Sam Bankman-Fried, the founder and former CEO of FTX, hangs in the balance as his trial continues. The case has attracted a lot of attention from legal experts and observers, who have shared their varying opinions on the possible outcome. One such legal commenter is
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Steven McClurg, co-founder of Valkyrie Investments, believes the U.S. Securities and Exchange Commission (SEC) will approve multiple spot Bitcoin exchange-traded fund (ETF) applications in November 2023. In his assessment, firms have addressed all the issues of market manipulation raised by the regulator. By McClurg’s estimation, the regulator may send another round of comments
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The Valkyrie CIO says that the SEC will ask for comments and possibly approve an ETF proposal this month after all issues are addressed. A Valkyrie Investments exec has hinted at a strong possibility for a spot Bitcoin ETF approval this month. According to Chief Investment Officer (CIO) Steven McClurg, the
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Bitcoin (BTC) is on track to hit $45,000 in November as part of a classic BTC price cycle, popular analyst CryptoCon said.In an X thread on Oct. 25, the Bitcoin price model creator turned his attention to one based on Fibonacci retracement levels.Analyst: $45,000 next month is “possible” for BitcoinBitcoin
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While Standard Chartered gives a bullish outlook on Ethereum, JPMorgan Chase analysts ask to maintain caution amid declining Ethereum network activity. Amid the current macro developments, the world’s second-largest cryptocurrency Ethereum has come under significant selling pressure. Earlier this week, ETH price came crashing under $1,600 with the Ethereum Foundation
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Cramer in 2021 said he sold most of his bitcoin holdings. Original Source
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As Bitcoin halving approaches, the Binance boss doubts that BTC will reach a new maximum by the end of 2024. The crypto community should brace for a long recovery as Binance CEO thinks Bitcoin (BTC) won’t hit a new all-time high (ATH) sooner than 2025. In a blog post on Binance
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