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Cryptocurrency hackers stole $313.86 million in digital assets in more than 10 cyberattacks in August, raising doubts about the broader acceptance of the asset class.
Bitcoin's Coinbase premium hit a 39-day high as the price reclaimed $63K. The Coinbase Premium Index, which measures the gap between $BTC prices on Coinbase Pro vs Binance, reached 0.0114 - its highest since July 15. This suggests increased US investor demand.
The surge in demand followed Fed Chair Jerome Powell's speech at Jackson Hole, where he indicated that interest rate cuts were likely, though no specific timeline was given.
Do you think $BTC will surge further this coming week?
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El Salvador continues its daily Bitcoin purchases, adding 162 BTC to its holdings
President Nayib Bukele, the architect of El Salvador’s Bitcoin adoption, has consistently advocated for cryptocurrency as a means to economic independence and innovation. His strategy for the government to make daily purchases of 1 BTC highlights his long-term commitment to integrating Bitcoin into the nation’s financial framework.
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