🏦 Coinbase’s cbBTC soars to $100M in first day despite Justin Sun’s criticism

Coinbase’s newly launched wrapped #Bitcoin product, cbBTC, has seen rapid adoption within its first 24 hours, with a market capitalization nearing $100 million. Data from Dune Analytics shows the circulating supply of cbBTC has reached 1,720 tokens, valued at $99.8 million. Of this, 43% is on Base, while 57% resides on Ethereum.

Source

https://t.me/Bitcoin_Magazine

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💰 Sam Bankman-Fried files appeal to reverse fraud conviction.

https://t.me/Bitcoin_Magazine

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FUN FACT: 🇺🇸 The national debt has risen under every Republican and Democrat president.

Maybe it’s time to study Bitcoin 💯

https://t.me/Bitcoin_Magazine

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📈 Standard Chartered Predicts Bitcoin Will Hit New Highs Regardless of US Elections 🇺🇸

🔍 Standard Chartered analysts forecast that Bitcoin will reach new all-time highs by the end of the year, regardless of the US election results. They estimate Bitcoin could surge to $125K if Trump wins and $75K if Harris prevails. 🧐

While US political policies do influence crypto prices, the bank believes other factors play a more significant role.

Earlier this year, they projected Bitcoin might hit $150K by December 2024 and $200K by the end of 2025, with Ethereum possibly reaching $8K and $14K, respectively. 🚀

In contrast, Bernstein's recent report suggests Bitcoin might peak if Trump wins but could drop to $30-40K if Harris wins. Stay tuned for more updates! 🌟📊

https://t.me/Bitcoin_Magazine

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cryptosignalsoriginal

August 14, 2024, 7:51

🎓education
paatta: 3 key price points have been labelled.

- Marked with the 🔴 is the point at which the market eventually returned the the Friday Daily Close and backfilled the weekend gap.

- The green 🟢 marks the point in which the market took our either the Weekend Low or High (depending on the weekend trend) that was formed.

There seems to be some sort of consistent price action and repair take place.
After one of the two weekend imbalances are taken. Price tends to move towards the other one.
What I mean by that is following the Weekly Open, if the Friday Close is taken first, then likely price trades towards the weekend low or high and vice versa, ok?

Four examples here

@Pata

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💰 #Bitcoin Climbs Above $58,000, But Experts Say Bullish Sentiment Is Waning

Bitcoin climbed 3% on Thursday morning, rising past $58,000, driven by investor response to August’s Consumer Price Index (CPI) report. The headline CPI slowed to a 2.5% annual increase, slightly below the expected 2.6%, marking its lowest level since February 2021. However, core inflation, which excludes food and energy, rose 0.3% on a monthly basis, surpassing forecasts of 0.2% and maintaining an elevated year-over-year rate of 3.2%, well above the Federal Reserve’s 2% target.

Source

https://t.me/Bitcoin_Magazine

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🪙 Ether has underperformed bitcoin by 44% since switch to proof-of-stake: CryptoQuant

Ether has underperformed bitcoin by as much as 44% since the Ethereum blockchain's 'merge' to proof-of-stake almost two years ago, according to analysts. "Next week will mark two years since Ethereum switched to a proof-of-stake network, an upgrade known as The Merge. Since then, Ethereum has underperformed bitcoin by 44%," CryptoQuant analysts said.

Source

🔍 More Crypto News

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🇳🇬 Nigerian court defers bail for ailing Binance executive to October

A Nigerian court has postponed the decision on the bail application for detained Binance executive Tigran Gambaryan until Oct. 9. Judge Emeka Nwite issued the ruling on Sept. 4 after hearing arguments from both Gambaryan’s lawyer, Mark Mordi, and the prosecuting counsel, Ekele Iheanacho, who opposed the bail request.

Source

🔍 More Crypto News

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