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Bitcoin Price Surprisingly Strong As Hot US Inflation Data Throws Fed Rate Cut Story Into Doubt – Where Next for BTC? Bitcoin price surged despite higher inflation data, impacting US bond yields and dollar. Traders reduced Fed rate cut bets due to strong US economic data. Factors supporting Bitcoin include diminishing Grayscale BTC Trust selling and upcoming halving. Long-term, rising US deficit, halving, and ETF approval could boost Bitcoin prices. Fed rate cuts may lead to Bitcoin price increase. Uncertain short-term impacts of halving, but long-term outlook is positive with potential for $100,000 price target. #cryptonews #btc #bitcoin #Write2Earn $BTC

Bitcoin Price Surprisingly Strong As Hot US Inflation Data Throws Fed Rate Cut Story Into Doubt – Where Next for BTC?

Bitcoin price surged despite higher inflation data, impacting US bond yields and dollar. Traders reduced Fed rate cut bets due to strong US economic data. Factors supporting Bitcoin include diminishing Grayscale BTC Trust selling and upcoming halving. Long-term, rising US deficit, halving, and ETF approval could boost Bitcoin prices. Fed rate cuts may lead to Bitcoin price increase. Uncertain short-term impacts of halving, but long-term outlook is positive with potential for $100,000 price target.

#cryptonews #btc #bitcoin #Write2Earn $BTC

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Here's How Much Bitcoin You Need To Become a Millionaire, According To Michael Saylor MicroStrategy Inc. Chairman Michael Saylor advocates for Bitcoin investments, declaring strong belief in Bitcoin's potential and influencing market sentiment. MicroStrategy acquired a significant amount of Bitcoin as part of their strategy, with Saylor foreseeing Bitcoin's value increasing due to factors like the upcoming halving event and the potential impact of spot Bitcoin exchange-traded funds. Saylor also highlights the impact of a new accounting standard that could encourage more corporations to include Bitcoin in their balance sheets. Predicting Bitcoin's value to potentially reach $350,000, Saylor emphasizes the bright future he sees for the cryptocurrency. $BTC #BTC #bitcoin #halving #Write2Earn
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Stacks, Bitcoin Layers, and the Nakamoto Upgrade: Here’s What’s Going On The modern era of crypto sees a resurgence in Bitcoin, with projects like Stacks experiencing significant growth. Stacks, tied to Bitcoin, offers unique features like faster and cheaper transactions, smart contracts, and improved yields for "stackers." An upcoming Nakamoto upgrade aims to enhance transaction speed and security, while a future sBTC upgrade seeks to bridge BTC holdings onto the Stacks blockchain in a trust-minimized manner. Stacks is also supporting BitVM to enable Bitcoin rollups, aiming to reduce trust assumptions and potentially scale by 2025. This collaboration signifies a promising future for layered Bitcoin development. #cryptonews #btc #stx #Write2Earn $STX $BTC
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Crypto Exchange Luno Receives License From South Africa’s Financial Regulator Luno, a cryptocurrency exchange, becomes the first firm in South Africa to receive a Financial Services Provider license from the FSCA due to the declaration of crypto assets as financial products in 2002. Christo de Wit, Luno's South Africa manager, emphasized the importance of compliance and security for customers. FSCA approved licenses for 59 cryptocurrency exchanges out of over 300 applicants, as the regulatory body aims to protect consumers from risks and financial crimes related to crypto assets. The FSCA's framework addresses the need to regulate crypto assets in response to increased consumer interest and instances of abuse and fraud in the market #cryptonews #crypto #exchanges #Write2Earn
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Bitcoin Price Prediction as BTC Jumps Above $70,000 Resistance – Time to Buy? Bitcoin's price has risen by 2.5% in the past 24 hours, reaching $70,561. In the last week, it has increased by 6.5%, but dropped by 2% over the month. Predictions suggest a positive outlook for Bitcoin, especially with an upcoming halving event. Technical analysis indicates potential for further price rallies. There's anticipation of a significant price move, likely upward. In the near term, there may be selling pressure due to the halving event, but long-term expectations are bullish. Alternative small-cap investments like 99Bitcoins' new token (99BTC) are being recommended for potential high returns. A presale opportunity is available for interested investors at $0.001 per coin. #cryptonews #btc #halving #Write2Earn $BTC
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The SEC Plans to Sue Uniswap The U.S. SEC issued a Wells Notice to Uniswap Labs, signalling intent to sue over the decentralized exchange. The SEC, under Gary Gensler, treats tokens as securities, despite past legal challenges. This is part of the SEC's pattern of targeting DeFi projects. Uniswap is prepared to contest this, backed by strong support. This conflict could lead to a significant legal showdown in the crypto industry. #cryptonews #uniswap #sec #defi #Write2Earn
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