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Bitcoin, Ethereum, and XRP Signal Possible Pullback: What Investors Should Know About Market Trends Ahead

Bitcoin, Ethereum, and Ripple are currently facing important resistance levels, suggesting potential pullbacks in the near future. Bitcoin has shown bearish momentum on its RSI after reaching a new all-time high, which could lead to a drop towards support levels around $90,000. Ethereum is encountering resistance at $4,000, and if this level holds, it might ...

Market News

Crypto Industry Frustrated Over SEC Commissioner Caroline Crenshaw’s Possible Renomination Amid Regulatory Uncertainty

On December 11, the U.S. Senate Banking Committee will vote on renominating Caroline Crenshaw, an SEC commissioner known for her strong opposition to cryptocurrencies. Crypto advocates are concerned about her potential reelection, especially after her dissent against Bitcoin exchange-traded funds, which she labeled “unsound.” Critics argue that Crenshaw’s stance is even more anti-crypto than that ...

Market News

Amazon Shareholders Push for 5% Asset Allocation to Bitcoin for Stronger Growth and Future Financial Stability

A group of shareholders from Amazon is pushing for the company to invest at least 5% of its assets into Bitcoin. This proposal, led by the National Center for Public Policy Research, suggests that Bitcoin has performed better than traditional investments like corporate bonds in recent years. The shareholders believe that adding Bitcoin to Amazon’s ...

Market News

Bitcoin Struggles Below $100K: Can Dogecoin Reach $0.5 and Did Shiba Inu Create a Hidden Cup and Handle?

Bitcoin is facing challenges in breaking the significant $100,000 mark, with strong selling pressure from large holders causing a consolidation phase. Despite a remarkable rise from $25,000 earlier this year, recent Market dynamics have led to caution among investors. Meanwhile, Dogecoin is approaching $0.5, but a drop below its current ascending channel could signal a ...

Market News

Global Think Tank Advocates for Bitcoin Reserve Strategy to Enhance Amazon’s Financial Stability and Growth Potential

A global think tank has suggested that Amazon should include Bitcoin in its strategic reserve by next year. The National Center for Public Policy Research claims that adding Bitcoin could help Amazon protect its $88 billion in cash and equivalents from inflation. With the U.S. inflation rate peaking at 9.1% in mid-2022, traditional assets like ...

Market News

Reeves Hobnobs in Brussels While Bitcoin Fans Flock to Abu Dhabi for Exciting Cryptocurrency Events

In this week’s newsletter, we focus on key events likely to shape the economic landscape. UK Chancellor Rachel Reeves aims to strengthen ties with the EU at the Ecofin meeting in Brussels, showcasing improving relations post-Brexit. Meanwhile, Yvette Cooper is set to meet her French counterpart to tackle immigration issues. As Georgia faces political turmoil, ...

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