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Bitcoin price fails $38.5K breakout as US GDP fuels Fed hard landing woes

Bitcoin (BTC) shrank back from resistance after the Nov. 29 Wall Street open as United States GDP figures beat expectations.BTC/USD 1-hour chart. Source: TradingViewGDP sets tone for macro-sensitive cryptoData from Cointelegraph Markets Pro and TradingView followed a familiar BTC price retracement on short timeframes.Bitcoin bulls had managed to propel the

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Fed Minutes May Have Been Overtaken by Events, May Be a Non-Event for Bitcoin (BTC)

"Minutes from the November FOMC meeting may be most revealing regarding Fed officials' attitude toward financial conditions," Citi analysts wrote on Nov. 19. "In October, Chair Powell and his colleagues argued that higher 10-year Treasury yields would substitute for further policy rate hikes. But as financial conditions have loosened, the

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Bitcoin Magazine claims Fed accused it of trademark violation for T-shirts

The United States Federal Reserve has sent a cease-and-desist letter to crypto media publication Bitcoin Magazine, accusing it of trademark violations, according to a Nov. 3 post from the publication. Bitcoin Magazine claims it is being targeted because of its use of the word “FedNow” on “t-shirts, hats, and other

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