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news-imageNovember 1, 2024

Is Bitcoin Ready to Go Nuclear? What the OTC Supply Squeeze Means for Prices

Bitcoin's price momentum in October, affectionately dubbed “Uptober,” saw an approximately 12% gain, sparking speculation about a potentially “nuclear” rally. At the center of the buzz are rumors that over-the-counter (OTC) desks, commonly used by institutional buyers to acquire large amounts of Bitcoin without moving markets, are starting to run dry.
Publisher: Coingape
Sentiment: Positive
BTC

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cover-imageCoinPedia
November 1, 2024

MicroStrategy's Bold Bitcoin Strategy: Analysts Raise Price Targets Amid Strong Market Outlook

MicroStrategy (MSTR), the software company founded by Michael Saylor, remains one of the best ways that equity investors can gain exposure to bitcoin (BTC) given the company's intelligent leverage strategy, broker Canaccord stated in a research report on Thursday. The broker raised its MicroStrategy price target to $300 from $173 while maintaining its buy rating.

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cover-imageBenzinga
November 1, 2024

Bitcoin May End The Year At $79,000, Economist Predicts—But Here's How Different Election Outcomes Could Change That

Economist and trader Alex Krüger on Friday laid out his price predictions for Bitcoin (CRYPTO: BTC) based on the 2024 U.S. presidential election outcome, with a strong focus on the immediate impacts of either candidate's win. What Happened: The trader asserted in a thread on X that the apex crypto could surge to $90,000 by year-end in case of a Trump win, with a 55% probability assigned to this outcome.

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