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Bitcoin could end year at $58K as futures market ‘overheated’ — CryptoQuant
CryptoQuant CEO Ki Young Ju says Bitcoin may end the year under $59,000, citing an overheated futures market as one of the primary reasons for an end-of-year tumble. In a Nov. 9 post to X, Ki said he expects Bitcoin to close the year at $58,974 and asked others to speculate on the yearly close,…
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Bitcoin sudden pump to $81K annihilates $180M shorts in half a day
Crypto traders betting on a market drop were hit with major liquidations as Bitcoin surged to an all-time high above $81,000, causing widespread losses in short positions. CoinGlass data showed that in the last 12 hours, about $180 million in short positions were liquidated across the crypto market. Bitcoin (BTC) has continued to rally in…
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Bitcoin to be ‘political imperative,’ owning none ‘a liability’ — NYDIG
Bitcoin will gain political importance following Donald Trump and the Republicans’ United States election wins — and investors who don’t own the cryptocurrency can no longer ignore it, according to the New York Digital Investment Group (NYDIG). “While some investors have allocated to Bitcoin, the most common allocation for investors is still zero. There are…
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Here’s what happened in crypto today
Today in crypto, CryptoQuant boss Ki Young Ju thinks Bitcoin could end 2024 under $59,000 despite it hitting new highs, Elon Musk voiced his support for ending the United States Federal Reserve, and Edward Snowden criticized Solana’s venture capital funding. Bitcoin futures “overheated,” could end year at $58,000 — CryptoQuant CryptoQuant CEO Ki Young Ju…
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$80K BTC price chases gold — 5 things to know in Bitcoin this week
Bitcoin is breaking records as a weekend BTC price surge delivers almost $82,000 to start the week. Bitcoin traders see BTC price upside continuing despite some concerns that a retracement may reach frightening proportions. Macroeconomic data releases continue to come thick and fast as United States presidential election fever gives way to the ongoing inflation…
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Ex-Pimco, Millennium execs set up crypto advisory business
Two former executives at major American investment management firms, Millennium Management and Pacific Investment Management Company (Pimco), are reentering the crypto space amid a major market rally. Millennium’s ex-portfolio manager Benoit Bosc and Pimco’s former executive vice president Michael Bressler left their posts to set up a new crypto consultancy firm, x2B, Bloomberg reported on…
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FTX bankruptcy estate files $1.8B lawsuit against Binance, CZ
The FTX bankruptcy estate continues to pursue lawsuits against cryptocurrency companies as part of its ongoing bankruptcy proceedings. A group of firms involved in the FTX bankruptcy proceedings initiated a lawsuit against cryptocurrency exchange Binance, seeking to recover $1.8 billion, according to a complaint filed on Nov. 10. In the filing, the plaintiffs argued that…
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New record: Bitcoin surpasses $1.6 trillion market cap
Supported by a new all-time high (ATH) market price above $81,000, the total market capitalization of Bitcoin crossed $1.6 trillion for the first time since its launch in 2009. On Nov. 11, Bitcoin (BTC) reached a market capitalization of $1.62 trillion amid the ongoing bull market, concurrently bringing up the global crypto market cap to…
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Nansen scales analytics beyond Ethereum with Bitcoin L2 integration
Cryptocurrency analytics platform Nansen is expanding its capabilities beyond Ethereum by moving into Bitcoin through a partnership with the Bitcoin layer-2 (L2) network, Bitlayer. Nansen is debuting Bitcoin (BTC) analytics services by delivering blockchain data analytics to Bitlayer, an L2 network supporting smart contracts and decentralized applications (DApps) on Bitcoin. As the first Bitcoin L2…
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Consumer anger over high prices piles pressure on politicians
Lingering consumer anger over high prices is hurting governments in advanced economies even though inflation is subsiding to normal levels, as a once-in-a-generation surge in costs leaves a toxic legacy for incumbent politicians. Discontent over the economy was a key motivator for Republican voters in this week’s US election, exit polling suggested — contributing to…
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Oklahoma Turnpike OKs $1 billion of bonds for expansion project
Oklahoma Turnpike Authority Executive Director Joe Echelle said inflation boosted the cost of every line item in the 15-year ACCESS Oklahoma program.Oklahoma Turnpike Authority The Oklahoma Turnpike Authority authorized on Thursday the issuance of $1 billion of revenue bonds to continue financing the controversial ACCESS Oklahoma expansion program with a projected price tag that has…
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Top Wall Street analysts like these dividend-paying stocks
In this article ARCC EPD IBM Follow your favorite stocksCREATE FREE ACCOUNT The IBM logo is displayed on a smartphone in Poland. Omar Marques | Lightrocket | Getty Images The major averages have been on a sharp upward turn since Donald Trump won the presidential election last week, but investors who want to buffer their…
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The 2 things that will drive the stock market after last week’s Trump-Fed rally
In this article DIS HD HON WFC MS Follow your favorite stocksCREATE FREE ACCOUNT President Donald Trump looks on as his nominee for the chairman of the Federal Reserve Jerome Powell takes to the podium during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Drew Angerer…
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Bitcoin hits record high as Trump edges closer to full control of Congress
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Bitcoin has hit $80,000 for the first time as Donald Trump recorded victories in Nevada and Arizona in the US election, marking a clean sweep of the seven swing states for the president-elect…
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California voters say ‘yes’ to more than $40 billion of local school bonds
Election workers sort mail-in ballots Tuesday in Martinez, California.Bloomberg News California voters were friendly to municipal bonds in Tuesday’s election, with a few notable exceptions. The state’s voters passed two separate $10 billion state bond measures and put their stamp of approval on at least $42.8 billion of local school general obligation bonds. Tuesday’s ballot…
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Poorer voters flocked to Trump — and other data points from the election
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump’s win gave Republicans their highest share of the popular vote in two decades — and revealed big shifts in the US electorate, from the Democratic party’s reliance on wealthier, college-educated voters…
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Voters approve Columbus-area transit tax that will back bonds
A rendering of the Central Ohio Transit Authority’s bus rapid transit system.Central Ohio Transit Authority Bonds are part of the plans for a transit sales tax measure voters in Columbus, Ohio, approved this week. Voters in the Central Ohio Transit Authority service area approved a sales tax measure with more than 56% in favor. The…
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Caligan picks up a stake in Verona Pharma, seeing an opportunity to generate more value
In this article VRP-GB Follow your favorite stocksCREATE FREE ACCOUNT Rafael Henrique | SOPA Images | AP Company: Verona Pharma (VRNA) Business: Verona Pharma, a clinical stage biopharmaceutical company, focuses on development and commercialization of therapies for the treatment of respiratory diseases with unmet medical needs. The company’s product candidate is ensifentrine, an inhaled and…
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Brits brace for higher mortgage payments despite Bank of England seen cutting rates
Period red-brick home rooftops in a suburb overlooking London’s financial district. Oversnap | E+ | Getty Images LONDON — Britons are facing the prospect of higher mortgage rates for longer after the government’s tax-and-spend budget threw off expectations for a series of near-term interest rate cuts. The Bank of England is widely expected to cut…
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The Maga court: inside Donald Trump’s new White House
Nibbling on crabs, sushi and sugar cookies, some of the richest and the soon-to-be most powerful people in the world waited for the election results on Tuesday night at Mar-a-Lago, Donald Trump’s gilded fortress on the sea. At one of the tables, Trump sat with Elon Musk, the billionaire technology executive, and Dana White, chief…
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