2024-2-16 18:30 |
During the presidential campaign, vice-presidential candidate Gibran discussed crypto and blockchain as a means to expand job opportunities for the country’s younger generation.
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Bitcoin breaks posted a new all time high on the back of ETF options launch.
Analysts speculate why Bitcoin is bound for $100,000 soon.
Bitcoin (BTC) perpetual contracts denominated in Tether USD (USDT) show signs of overleveraging, with “open interest to USDT reserve ratio” reaching an all-time high at 0. 593 on Nov. 10, according to CryptoQuant data.
Cro’s mid-term bearish trajectory is likely to come to an end following the latest sudden price movement. It appeared strongly bullish daily with an impressive 50% surge since the start of this week.
What is the ultimate free market? Ideally, it would involve buyers and sellers arriving at a location, interacting as they looked for what they wanted, and discussing the right price for both parties.
Following a meeting on Nov. 7, the Fed’s Federal Open Market Committee (FOMC) cut the US interest rate by another 25 basis points (bps), lowering it to 4. 5% from 4. 75%. The crypto and equities markets remained unfazed, as investors likely already priced the cut.
As expected, the Bitcoin and crypto frenzy will occur hours after Republican Donald Trump’s election. Crypto has become an election issue, with Trump offering a more friendly policy tone than his rival, Kamala Harris, who conceded to Trump’s victory, yesterday.