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news-imageNovember 8, 2024

Bitcoin's leverage ratio reaches the highest level since late 2021, signals volatility ahead

Bitcoin (BTC) traded with conditions not seen since late 2021, reaching peak levels for its open interest to market cap ratio. Peak open interest creates risk of deleveraging and a drawdown.
Publisher: Cryptopolitan
Sentiment: Negative
BTC

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cover-imageThe Currency Analytics
November 8, 2024

Bitcoin Poised for Growth Under Trump Presidency and MicroStrategy's $42B Bitcoin Plan.

JPMorgan analysts are bullish on Bitcoin's prospects, predicting the cryptocurrency will see significant growth following Donald Trump's victory in the U.S. presidential election. As part of their market outlook, the analysts emphasize the “debasement trade,” a strategy that benefits assets like Bitcoin and gold, which serve as hedges against inflation and the weakening of traditional currencies.

Positive
cover-imageCoinPedia
November 8, 2024

Fundstrat Analyst Tom Lee Foresees Bitcoin Surging Past $100,000 This Year

Tom Lee, head of research at Fund Strat Global Advisors and Chief Investment Officer at Fund Strat Capital, appeared on CNBC for his first post-election discussion. He reflects on the election outcome, acknowledging that while not many predicted Trump's victory, his team placed significant weight on betting markets that indicated a potential win.

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cover-imageBenzinga
November 8, 2024

Bitcoin To $200,000, Ethereum To $10,000 And Crypto Market Cap To 4X By End Of 2025, Says Standard Chartered

Standard Chartered projects a fourfold increase in the digital assets market cap, reaching $10 trillion by the U.S. mid-term elections in late 2026. What Happened: According to a new note from Geoffrey Kendrick, Head of Research at Standard Chartered, this growth forecast is based on anticipated regulatory shifts following a projected Republican sweep in the recent election cycle, which could lead to mainstream adoption and real-world use cases for digital assets.

Positive
cover-imageBenzinga
November 8, 2024

Federal Reserve Cuts Interest Rates—Bitcoin Dominance May Rise As A Result

Crypto analyst Benjamin Cowen suggests that Bitcoin (CRYPTO: BTC) dominance might continue climbing, even as it hits his long-standing 60% target, following the Fed's recent 25 basis point interest rate cut. What Happened: In an update on his YouTube channel, Cowen analyzed the Federal Reserve's decision to reduce rates to lowest level since February 2023 and maintain quantitative tightening by continuing to reduce its holdings in Treasury securities and mortgage-backed securities.

Negative
cover-imageUToday
November 8, 2024

Bitcoin in US Reserves Would Crash Market, Peter Schiff Explains Why

Peter Schiff, a vocal critic of Bitcoin (BTC), recently questioned the idea of the cryptocurrency serving as part of the U.S. strategic reserve, calling the idea a "ridiculous" plan. In his view, such a move would be ineffective and problematic, primarily due to Bitcoin's unstable volatility and potential impact on market stability.

Positive
cover-imageCoingape
November 8, 2024

Federal Reserve Meeting: Highlights From Jerome Powell's Speech And Impact On Bitcoin

The US stock market and Bitcoin price reached record highs on Thursday following the Federal Reserve meeting and it's decision to cut interest rates and Fed Chair Jerome Powell's reassuring speech, where he dismissed concerns about his potential resignation following Donald Trump's election. Bitcoin (BTC) surged, reaching a new high of $76,990 before slightly retreating,

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