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Highlights in the crypto sector include a think tank co-founder's suggestions that Bitcoin reserves cannot resolve the US debt crisis. Several...
Currently, 85% of bettors on Polymarket believe that Ethereum won't achieve a new all-time high by 2025. Amidst ongoing market fluctuations, Coinbase advises its users not to overthink these changes and buy the dip. Meanwhile, investment management corporation BlackRock suggests in a new report that Bitcoin can be used as a hedge against the Federal Reserve's $35T debt dilemma, although the company's head of crypto does not consider Bitcoin a 'risk-on' asset.
Despite the overall market uncertainty, a leading bank executive predicts that Bitcoin could hit $200,000 by 2025, irrespective of any elections. However, it's important to note that not all in the market share this optimism about Bitcoin, as short sellers are betting around $11 billion that the crypto market rally will not last. With the total crypto market sinking below $2T and Bitcoin potentially falling below $54K, the atmosphere continues to be one of cautious anticipation. Musicians like Iggy Azalea also garnered interest due to not being allowed to twerk at the recent Solana Breakpoint because it ‘Would Go Too Viral.’ Alongside this, Bitcoin billionaire shares his Top 3 Altcoins for the next 10 years, excluding XRP from the list.
The news regarding the US government and Mt. Gox potentially introducing $15B Bitcoin selling pressure, the underwhelming widespread adoption of Bitcoin as noted by Nayib Bukele, as well as the controversial return of meme coins such as Dogwifhat, adds to the volatile nature of the crypto market. Amidst this, a focus on Stablecoin's growth, the existence of a mysterious 'coin that shouldn't exist,' and retailers' interest in tokenized treasury bills also broadens the landscape. Yet amidst these updates, the public stance of influential figures like Donald Trump as well as German and U.S governments on Bitcoin and its potential uses remains a crucial factor for future developments.
T Coin News Analytics from Tue, 17 Oct 2023 07:00:00 GMT to Wed, 25 Sep 2024 12:31:51 GMT - Rating 0 - Innovation 2 - Information 5 - Rumor -6