The BoE's rate cut may stimulate economic growth but cautious future easing is likely due to fiscal policy impacts and inflation concerns.
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Most of the Donald Trump-themed memecoins have tanked while the rest of the crypto market continues to gain.
Donald Trump-themed memecoins collapsed the day after Trump’s election victory in the United States on Nov. 6 and a broader surge in the crypto markets, which included a new Bitcoin all-time high.
The leading Donald Trump-themed memecoin by market capitalization, MAGA (TRUMP), spiked to $4.60 on Nov. 6 when the election results were declared but tanked 53% over the past 24 hours to just $1.87 at the time of writing, according to CoinGecko.
MAGA/USD 24 hours. Source: CoinGecko
Despite BlackRock's setback, the resilience of Bitcoin ETFs highlights growing investor confidence and potential for future market expansion.
The post BlackRock records largest single-day outflow, but Bitcoin ETFs still post $622 million gains appeared first on Crypto Briefing.
Coinbase CEO Brian Armstrong views Trump's win as a crypto election victory, highlighting increased political support for digital assets.
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A US strategic Bitcoin reserve faces steep odds, with legislative hurdles and economic risks stalling approval.
United States Senator Cynthia Lummis, long known as the "Crypto Queen" of Capitol Hill, has thrown a financial curveball into the post-election buzz by announcing plans to establish a strategic Bitcoin (BTC) reserve.
Source: Senator Cynthia Lummis
This bold move, declared just hours after Donald Trump's re-election, could redefine the US fiscal strategy, but at the same time raises questions on its feasibility, impact on US debt, policy barriers and market volatility.
Bitcoin options and futures markets display moderate optimism after a new BTC all-time high, which could be indicative of new price highs.
Bitcoin (BTC) surged by 10.5% to hit a new all-time high at $75,350 from Nov. 5 to Nov. 6 following former US President Donald Trump's win in the 2024 election.
Despite the recent price fluctuations, the market is demonstrating a strong foundation that supports continued growth. Bitcoin derivatives highlight the robust improvement in sentiment and the absence of excessive leverage, which are essential for gains above $75,000.
Bitcoin 2-month futures annualized premium. Source: Laevitas.ch
Bitwise CIO forecasts transformative regulatory shifts and market growth as Trump's win may signal a golden age for crypto.
The post Bitwise CIO sees crypto’s golden age beginning with Trump’s win appeared first on Crypto Briefing.
Crypto markets cheered Donald Trump’s win by pushing Bitcoin to a new all-time high above $75,000, signaling the start of the next leg of the uptrend.
Bitcoin (BTC) hit a new all-time high of $75,407 on Nov. 6, eclipsing the previous high of $73,777 made on March 14. The rally was triggered after Donald Trump edged closer to winning the United States presidential election.
A Trump win is positive because the crypto industry hopes the incoming President will keep the promises made to the crypto community throughout the campaign trail. 10x Research head of research Markus Thielen told Cointelegraph that Bitcoin could skyrocket to $100,000 by Q1 2025.
Crypto market data daily view. Source: Coin360
Bitcoin's surge reflects increased investor confidence amid geopolitical stability and potential fiscal stimuli, impacting global financial dynamics.
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Solana gains alongside Bitcoin’s US election-related rally, and data hints that SOL price could hit $200.
Solana’s native token SOL (SOL) opened the day with a 5.3% gain to trade slightly above $167. The move accompanied Bitcoin’s (BTC) US election day rally to $70,550, and for many traders, the desired target for SOL rests closer to $200.
Currently, onchain data and derivatives market metrics suggest that SOL’s rally could continue in the short-term.
Solana continues to lead in decentralized exchange (DEX) volumes, a clear indicator of user activity and transaction fees, both of which are crucial for fostering sustainable growth and encouraging further project and trader adoption.
