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JP Morgan, a prominent American multinational finance company, has recently expressed optimism about the future performance of Bitcoin, despite recent bearish trends in the market. The bank has provided a timeline for the conclusion of ongoing BTC liquidations, forecasting a potential rebound in the market. According to a research report released by JP Morgan, the
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South Korean lawmakers have recently put forward a bill to postpone the implementation of crypto gain tax until 2028. The ruling political party expressed concerns about the current negative sentiments surrounding the crypto industry as the primary reason for seeking an extension. They emphasized the fact that with the declining investment sentiment towards virtual assets,
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The resurgence of Bitcoin to the $63,000 level has stirred up excitement in the cryptocurrency market, with investors and analysts hopeful that the downtrend has finally been broken. This recent spike in price has been attributed to the activity of “U.S. whales” engaging in institutional Bitcoin purchases, as highlighted by on-chain analytics platform CryptoQuant. One
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The recent surge in XRP price has caught the attention of many in the cryptocurrency sector. With the global market capitalization of cryptocurrencies exceeding $2.4 trillion, XRP has stood out as one of the best performers. It recorded a 27% price increase over the past week, surpassing other major digital assets like Bitcoin, Ethereum, and
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Metaplanet, a Tokyo-based investment firm, recently made a significant purchase of 42.4 Bitcoin for ¥400 million ($2.4 million) to add to their holdings. This move is part of the company’s efforts to strengthen its long-term financial strategy by holding the cryptocurrency as a “strategic treasury reserve asset.” The decision to invest in Bitcoin by Metaplanet
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The upcoming United States elections set for November have the potential to reshape the American crypto industry. This is mainly due to the conflicting views of candidates on digital assets. As the race heats up, it is becoming apparent that crypto voters could play a pivotal role in determining the outcome of key races, especially
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The recent price movement of Bitcoin has shown signs of recovery, as the premier cryptocurrency climbed above $58,000 over the past week. A notable crypto analyst, Ali Martinez, has pointed out an interesting chart formation that indicates a potential continuation of this resurgence. According to Martinez’s analysis on the X platform, Bitcoin seems to be
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