Bitcoin traders take a breather as BTC price metrics hint new highs are incoming

October 30, 2024 Coin Telegraph

ATH

Bitcoin fell short of its all-time high, but multiple Bitcoin price metrics show BTC price on target to hit new all-time highs

Bitcoin (BTC) surged 9.7% from Oct. 27 to Oct. 29, reaching a peak of $73,575, before paring gains to retest the $71,500 level on Oct. 30. Despite Bitcoin’s price correction, several indicators—including derivatives market activity, onchain metrics, and stablecoin demand—suggest a solid foundation for a sustained rally above $73,000 in the near term.

But, the Bitcoin futures premium—a key gauge of leveraged demand—signals strong conviction from bullish investors.

Bitcoin 2-month futures premium. Source: laevitas.ch

TRUMP dips after president admits ‘I don’t know much about it’

US Government Pays $950,000,000,000 in Interest on National Debt in Just One Year, Says Congressional Budget Office

October 12, 2024 The Daily Hodl

US Government Pays 0,000,000,000 in Interest on National Debt in Just One Year, Says Congressional Budget Office

Daily Hodl

The US government just spent nearly $1 trillion to service the interest on its rapidly growing national debt. Data from the Congressional Budget Office (CBO) says the government ran an approximately $1.8 trillion budget deficit for the 2024 fiscal year, which ended on September 30th. The government collected $4.918 trillion in revenue last fiscal year […]

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TRUMP dips after president admits ‘I don’t know much about it’

US National Debt Explodes by $684,322,497,000 in Three Months As Fitch Warns America Has Failed To Fix Growing Debt Burden

September 7, 2024 The Daily Hodl

US National Debt Explodes by 4,322,497,000 in Three Months As Fitch Warns America Has Failed To Fix Growing Debt Burden

Daily Hodl

The US national debt has ballooned by over half a trillion dollars in just three months. According to the U.S. Treasury, America’s national debt jumped from $34,635,364,143,328 on June 3rd to $35,319,686,640,609 on September 3rd – a surge of $684,322,497,000. The massive rise is coming just over a month after the US national debt crossed […]

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TRUMP dips after president admits ‘I don’t know much about it’

US Government Pays $514,000,000,000 in Interest on National Debt in Seven Months, Surpassing Defense and Medicare Costs: Report

May 26, 2024 The Daily Hodl

US Government Pays 4,000,000,000 in Interest on National Debt in Seven Months, Surpassing Defense and Medicare Costs: Report

Daily Hodl

The US government just spent over half a trillion dollars in interest payments on its national debt in a mere seven months. The Committee for a Responsible Federal Budget (CRFB) reports that net spending on interest reached $514 billion in the first seven months of fiscal 2024 – more than what was spent on both […]

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TRUMP dips after president admits ‘I don’t know much about it’

US National Debt Surges $273,859,000,000 in Two Months As Billionaire Leon Cooperman Warns Nation Heading Toward Financial Crisis

April 28, 2024 The Daily Hodl

US National Debt Surges 3,859,000,000 in Two Months As Billionaire Leon Cooperman Warns Nation Heading Toward Financial Crisis

Daily Hodl

The US government’s balance sheet continues to expand at a scorching pace, with more than a quarter of a trillion dollars in debt added in two months. New data from the Treasury Department’s Debt to the Penny system shows the country’s national debt rose from $34.297 trillion on February 21st to $34.571 trillion on April […]

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TRUMP dips after president admits ‘I don’t know much about it’

$1,700,000,000,000 US Budget Deficit Shattered in 2023 As IMF Issues Warning on America’s ‘Worrying and Deteriorating’ Fiscal Trajectory

October 15, 2023 The Daily Hodl

Daily Hodl

New numbers show the US government’s spending exceeded its revenues to the tune of more than a trillion dollars in the recently concluded fiscal year. The data comes from the newly released Congressional Budget Office (CBO) report which monitors the government’s receipts and outlays for the 2023 fiscal year, which ran from October 1st, 2022 […]

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TRUMP dips after president admits ‘I don’t know much about it’

US Deficit Expected To Shatter $1,700,000,000,000 This Year – 13% Higher Than Previous Estimate: CBO

September 18, 2023 The Daily Hodl

US Deficit Expected To Shatter ,700,000,000,000 This Year – 13% Higher Than Previous Estimate: CBO

Daily Hodl

The Congressional Budget Office (CBO) is revising its projections for this year’s US budget deficit, saying it will be significantly higher than previous estimates. In a new report, the agency says it now projects government expenditures will outpace revenues to the tune of $1.7 trillion in 2023. “On the basis of its estimate of the […]

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TRUMP dips after president admits ‘I don’t know much about it’

US Deficit Surpasses $1,600,000,000,000 As Larry Summers Warns America on Unsustainable Fiscal Trajectory

August 15, 2023 The Daily Hodl

US Deficit Surpasses ,600,000,000,000 As Larry Summers Warns America on Unsustainable Fiscal Trajectory

Daily Hodl

Former US Treasury Secretary Larry Summers says America is walking a precarious path as the nation’s budget deficit reaches $1.613 trillion. Speaking in an interview with Bloomberg at the Aspen Economic Strategy Group Summit, Summers says that everything is suggesting that the US’ costs are about to vastly overshadow its revenue, creating a larger and […]

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TRUMP dips after president admits ‘I don’t know much about it’

US Deficit Explodes, Surpassing $1,390,000,000,000 As Government Spending Outpaces Revenue: Treasury Department

July 20, 2023 The Daily Hodl

US Deficit Explodes, Surpassing ,390,000,000,000 As Government Spending Outpaces Revenue: Treasury Department

Daily Hodl

The US government’s spending is now exceeding its revenues by over a trillion dollars just eight months into the current fiscal year. The data comes from a newly released Treasury Department report which tracks the government’s receipts and expenses for the 2023 fiscal year, which runs from October 1st, 2022 to September 30th, 2023. According […]

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TRUMP dips after president admits ‘I don’t know much about it’

US Dollar’s Status As Global Reserve Currency at Risk As America Hurtles Towards Debt Crisis: Paul Ryan

July 2, 2023 The Daily Hodl

Daily Hodl

Former House Speaker Paul Ryan says the US dollar’s position as the world’s reserve currency is in jeopardy as the US government accumulates massive amounts of debt. In a new CNBC interview, Ryan says US President Joe Biden is not proactively taking steps to stop the country’s hemorrhaging debt. According to the former Wisconsin representative, […]

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