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💰 Bitcoin trades above $70,000 for first time in over seven months

Bitcoin topped $70,100 at 22:10 UTC, the first time the largest cryptocurrency by market capitalization crossed the $70,000 level in more than seven months, according to The Block’s Bitcoin price page. It has since retraced its move and is trading hands around $69,800 at press time.

Source

@Bitcoin_Ethereum_Altcoins

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💰 Retail investors dominate demand for spot Bitcoin ETFs – Binance Research

According to the report, Bitcoin ETFs have seen accelerated adoption since their debut, with cumulative holdings now reaching over 938,700 BTC — approximately $63.3 billion in assets under management (AUM) — representing 5.2% of Bitcoin’s total supply, according to a recent report by Binance Research. The report highlights that net inflows for these ETFs have consistently outpaced initial projections, demonstrating strong investor demand that has led to a market reshaping of both price conditions and institutional interest.

Source

@Bitcoin_Ethereum_Altcoins

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💰 Saylor’s disparaging remarks about self-custody provoke Bitcoin community’s ire

MicroStrategy CEO Michael Saylor has dismissed the idea of a government seizure of Bitcoin as a “trope” while advocating for custodianship through large financial institutions over self-custody. In a recent appearance on the “Markets with Madison” podcast, Saylor addressed concerns from what he called “paranoid crypto-anarchists” who fear such seizures.

Source

@Bitcoin_Ethereum_Altcoins

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💰 Coinbase, Hut 8 lead crypto stocks higher as bitcoin inches towards $70,000 level

Bitcoin is on pace for its best weekly performance in over a month, with the world's largest cryptocurrency inching closer to reclaiming the $70,000 level. For the week, the price of bitcoin is up about 9% and trading around $68,800 at time of writing. Ethereum follows closely behind with a gain of 8.3% over the same period while Solana is up 7.2%, according to The Block's price page. Those gains outpace the rise in traditional market indices like the S&P 500 and the Nasdaq, which are up less than 1% over the past five trading sessions.

Source

@Bitcoin_Ethereum_Altcoins

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💰 Coinbase, Hut 8 lead crypto stocks higher as bitcoin inches towards $70,000 level

Bitcoin is on pace for its best weekly performance in over a month, with the world's largest cryptocurrency inching closer to reclaiming the $70,000 level. For the week, the price of bitcoin is up about 9% and trading around $68,800 at time of writing. Ethereum follows closely behind with a gain of 8.3% over the same period while Solana is up 7.2%, according to The Block's price page. Those gains outpace the rise in traditional market indices like the S&P 500 and the Nasdaq, which are up less than 1% over the past five trading sessions.

Source

@Bitcoin_Ethereum_Altcoins

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💰 Bitcoin miner MARA warns AI mirrors 2000s internet boom, firms risk overbuilding infrastructure: Bernstein

In a recent interview with analysts at research and brokerage firm Bernstein, Fred Thiel, CEO of bitcoin miner MARA (formerly Marathon Digital), said the current AI environment resembles the early 2000s internet boom — and many companies, particularly smaller players, risk overbuilding infrastructure without sufficient demand.

Source

@Bitcoin_Ethereum_Altcoins

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💰 StanChart predicts Bitcoin to reach $73K pre-election as ETF inflows, MicroStrategy stock surge

Standard Chartered believes Bitcoin (BTC) could rally above $73,000 before the US election, driven by rising ETF inflows and a surge in call options activity, according to a research note shared with CryptoSlate. StanChart’s global head of digital assets, Geoffrey Kendrick, highlighted several key market movements signaling bullish sentiment ahead of the November vote.

Source

@Bitcoin_Ethereum_Altcoins

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