Key Ideas Recent bank failures in the United States show how limited the fractional reserve banking system is. Bitcoin is a safe haven asset for investors. BTC rises more than 40% in just ten days, hitting a nine-month high. With a +47% rally during U.S. trading hours, Americans are driving the BTC market. Investors are…
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Major Points: In order to place a wager, prominent cryptocurrency figure Balaji Srinivasan has disclosed that he is transferring $2 million into the stablecoin USDC. According to his forecast, there will soon be a return to a pre-20th century economic model known as “hyperbitcoinization,” in which Bitcoin will once again be treated as a form…
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The CEO of Galaxy Digital believes that the US economy will face difficult times but remains optimistic about cryptocurrencies. According to Michael Novogratz, founder and CEO of Galaxy Digital, the United States is on the verge of a credit crunch, making this the ideal time to buy gold, silver, and bitcoin. In an interview with…
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In February 2023, Bitcoin surpasses $26,000 as the U.S. Consumer Price Index rises by 0.4%. When the latest Consumer Price Index (CPI) data for February 2023 were made public by the US Department of Labor, the price of Bitcoin spiked sharply over $26,000. The department reported that the seasonally adjusted CPI increased 0.4% last month…
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Over the years, US law enforcement agencies have seized thousands of BTC from the Silk Road, and a sizeable portion of it has occasionally been put up for auction. Over 50,000 Bitcoin worth $1 billion were transferred to new addresses from various wallets linked to law enforcement seizures made by the US government, some of…
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Despite the market for cryptocurrencies continuing to be highly volatile over the past few years, institutional and retail investors have continued to pour money into the industry. Despite several scandals shaking the industry over the past year, interest in the sector as a whole is still high. Both Dogecoin and Bitcoin, which continue to be…
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The backdrop for the month’s end is a pivotal Bitcoin conflict, with a warning that the price movement “doesn’t feel bullish.” BTC (bitcoin) a crucial trend line as the monthly closing finally happened on February 28. Bitcoin “doesn’t feel bullish” into February close an an an a the a the the the ing at-leproet-roboat…
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Divergent views exist on the robustness of the Bitcoin price, with Bloomberg Intelligence cautioning that $25,000 may continue to act as a significant barrier. Concerns of steadfast opposition increased as Bitcoin sought to conclude the week above $23,000 into the conclusion of business on February 26. BTC price bulls keep faith in $30,000 BTC/USD…
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You may have observed a ” funding rate ” among other indicators with regard to crypto futures when trading long or short on an exchange. Although there are numerous measures to measure volume, volatility, and other factors, the majority of them have no bearing on your position. Funding rates, on the other hand, frequently go…
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