Thursday, April 25, 2024
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Bitcoin (BTC) Price Saw 27% October Surge as Traders ‘Panic Bought’ Amid Spot Bitcoin ETF Enthusiasm. Is $40,000 Next for BTC?

ETFs would be a big deal for bitcoin because they're far easier for the average investor to buy than the cryptocurrency itself or existing bitcoin investment products, like the Grayscale Bitcoin Trust (GBTC) with $21 billion assets under management. The U.S. Securities and Exchange Commission rejected GBTC's conversion into one,

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AI music sending traditional industry into ‘panic,’ says new AI music platform CEO

Artificial intelligence (AI) has been making waves in various industries across the globe. However, the conflict between its usefulness and its ability to infringe on intellectual property (IP) has been a particular struggle in the creative industries.Major players in the music industry, from artists and record labels to institutions like

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What asset freeze? Binance BTC outflows muted as users shun panic selling

Bitcoin (BTC) hitting three-month lows did not spur hodlers to panic sell, on-chain data shows.According to analytics firm Glassnode, BTC investors have largely ignored the latest crypto exchange legal battles.On-chain losses “remain quiet”BTC/USD dipped to just $25,350 on June 6, its lowest since mid-March — but it seems existing holders

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JPMorgan CEO Jamie Dimon in Favor of Abolishing Debt Limit; States Getting Close to Default Can Cause Panic – Economics Bitcoin News

Jamie Dimon, CEO of JPMorgan, stated that he favored abolishing the debt limit, giving the government the faculties to extend its debt without congressional action. Dimon also stated that even the drama surrounding the build-up to extending or not extending the debt limit could cause panic, as the U.S. economy

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Bitcoin price retargets $29K after Mt. Gox panic liquidates $320M

Bitcoin (BTC) returned to a familiar range on April 27 as panic over alleged Mt. Gox and United States government transactions faded.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Rough" price action keeps Bitcoin traders cautiousData from Cryptox Markets Pro and TradingView showed BTC/USD traded near $29,000 on Bitstamp, up nearly $2,000

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Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming – Economics Bitcoin News

Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved and the markets bottomed. “A stand was made this

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