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Nov 26 2024CRYPTO

Bitcoin’s Trump Bump Turns Sour

Bitcoin, the top cryptocurrency, has dropped back below $93, 000. This downturn comes after a brief rally following Donald Trump's re-election. The price peaked at $98, 000 last week but suffered a setback, declining by over 6% in the last 24 hours. This reversal has put a temporary halt on hopes of

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Nov 26 2024CRYPTO

The Race for Crypto Supremacy: How Alternatives Challenge Bitcoin

Bitcoin isn't alone in the crypto world. Let's take a look at some of its main competitors and how they stack up. Litecoin, for instance, has quicker transaction times, which is great for shopping but can cause headaches for miners dealing with orphaned blocks. Zcash, on the other hand, is all about

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Nov 26 2024BUSINESS

Bitcoin's Race to $100, 000: What's Holding It Back?

Bitcoin, the largest cryptocurrency, has been struggling to break the $100, 000 mark after a rapid post-election rise. The cryptocurrency surged over 40% since the U. S. election, driven partly by pro-crypto comments from President Donald Trump. Bitcoin hit a new high of over $99, 000 last week but

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Nov 25 2024FINANCE

Bitcoin and the Hidden Exchange Rate Puzzle

Bitcoin, the popular cryptocurrency, has been studied for its price differences across markets. This research delves deeper by looking at trade data from LocalBitcoins. com, a peer-to-peer exchange platform. It explores how economic and regulatory factors shape Bitcoin markets and how cryptocurrenci

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Nov 22 2024FINANCE

Bitcoin's Big Leap: Nearing $100, 000 After Election

Bitcoin's value has shot up to nearly $100, 000, making headlines after the U. S. election. In just two weeks, it's jumped more than 40% to new highs. Experts think this is happening because the incoming U. S. President is seen as more friendly towards cryptocurrencies. However, the future is uncert

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Nov 22 2024CRYPTO

Bitcoin's Big Surge: What's Behind the Post-Election Boost?

Bitcoin is making waves, reaching nearly $100, 000 and climbing almost 40% in just two weeks. What's driving this rush? Many believe it's the incoming Trump administration's crypto-friendly stance. Bitcoin, the oldest cryptocurrency, is known for its volatility, but investors seem unfazed by its ups

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Nov 21 2024CRYPTO

Bitcoin's Big Climb: A Bump Ahead?

Bitcoin is zooming towards $100, 000, but don't expect it to fly there forever without a hiccup, warns Michael Novogratz, CEO of Galaxy Digital. The crypto king was trading near $97, 000 on Thursday, after hitting an all-time high of almost $98, 400. Novogratz thinks this milestone was bound to happ

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Nov 21 2024CRYPTO

Bitcoin's Big Boom: How Trump's Presidency Is Fueling Crypto Optimism

Bitcoin is getting closer to the $100, 000 mark, making waves in the financial world. This surge is happening because many investors believe that under President Donald Trump’s second term, the U. S. will be more friendly to cryptocurrencies. Bitcoin’s price hit a new high of $98, 367 before slightl

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Nov 20 2024CRYPTO

Bitcoin Hits New Highs, ETF Options See Big Demand

Bitcoin surged to a new peak of almost $95, 000 recently, driven by positive U. S. election outcomes. Meanwhile, major firms like BlackRock and Grayscale introduced options for their spot bitcoin ETFs, attracting massive volumes. BlackRock's iShares Bitcoin Trust saw over $1. 9 billion in trades, si

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Nov 18 2024FINANCE

Crypto Market Pause: What's Next After Bitcoin's Surge?

Bitcoin has been sitting pretty at $90, 000, thanks to the recent election excitement. But analysts think the market might take a break from its upward sprint this week. After all, every roller coaster needs to slow down sometimes. So, what could be next for the crypto world? Let's take a closer loo

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