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Could we be witnessing another bull trap in Bitcoin’s price movement, following the significant increase that saw BTC nearly double in value? There are concerns that this is a repeat of the 2021 bull trap, where BTC broke from the low range and rallied from 28k to 69k. Despite many predicting a rise to 100k,… Read more
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Few days ago the Federal Open Market Committee (FOMC) meeting is of utmost importance as the Federal Reserve faces a challenging decision. They have two options – to hike interest rates by 25 basis points, bringing the total to 5.00%, or to pause and risk hyperinflation. While technical analysis predicts a significant market pullback with… Read more
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Genesis, a major institutional lender in the cryptocurrency sector, has filed for bankruptcy. This development is likely to have far-reaching consequences, particularly for the Digital Currency Group (DCG) and the Grayscale Bitcoin Trust, which is owned by DCG. Here, we explore the potential implications of this bankruptcy and its possible impact on Bitcoin’s price and… Read more
