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🚀 GoMarket Weekly #27: Bitcoin Bounce, Trump vs. Harris 

Want to stay updated with the fast-moving world of crypto? Every week, our regular guest expert Mike Ermolaev covers the latest trends and news shaping the market.
This week, he explores Bitcoin’s recent rebound, Fed rate cut expectations, what Trump vs. Harris debate means for crypto, and more. Below is a brief summary — read the full report here.

📈 Bitcoin Rebounds

Bitcoin has bounced back to $58,000, with analysts linking price movements to U.S. inflation. Could Q4 be the tipping point?

💰 Fed Rate Cut Expectations

With CPI data on target, there’s now a 59% chance of a Fed rate cut to the 500-525 bps range. While the immediate impact is uncertain, historically, the crypto market reacts positively to Fed rate cuts.

🗳 Crypto and the U.S. Presidential Election

The recent debate between Harris and Trump has concluded, with Harris being widely regarded as the winner. Crypto wasn’t discussed, however, if Trump wins, some analysts predict Bitcoin could soar to $90,000.

⛏ Bitcoin Miners’ Confidence and Rising Hashrate

Despite falling revenues and rising hashrate coupled with record mining difficulty, miners are holding their Bitcoin, demonstrating strong confidence in its long-term value.

⚖️ Stablecoins and Regulatory Shifts

USDT volumes on exchanges have increased, showing retail investor interest. In the UK, a new law could classify cryptocurrencies as personal property, enhancing legal protections.

📊 Calmer market ahead?

Volatility has dropped, and speculative trading is cooling. Analysts anticipate a more stable market in the coming months.

🚨 FBI: Crypto fraud totalled $5.6 billion in 2023

The FBI’s 2023 report reveals a 45% increase in crypto-related fraud losses, totaling $5.6 billion. Seniors over 60 are the most targeted. Stay vigilant and always do your own research!

🌍 Global Crypto Adoption Continues

ETFs and stablecoins are driving mainstream adoption. The Chainalysis 2024 Global Crypto Adoption Index shows Central and Southern Asia leading, with India, Nigeria, and Indonesia at the forefront.

#GoMarketWeekly

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www.tg-me.com/us/GoMining News/com.gmt_token/3209

6.31K viewsSep 13, 2024 at 15:40

🚀 GoMarket Weekly #27: Bitcoin Bounce, Trump vs. Harris 

Want to stay updated with the fast-moving world of crypto? Every week, our regular guest expert Mike Ermolaev covers the latest trends and news shaping the market.
This week, he explores Bitcoin’s recent rebound, Fed rate cut expectations, what Trump vs. Harris debate means for crypto, and more. Below is a brief summary — read the full report here.

📈 Bitcoin Rebounds

Bitcoin has bounced back to $58,000, with analysts linking price movements to U.S. inflation. Could Q4 be the tipping point?

💰 Fed Rate Cut Expectations

With CPI data on target, there’s now a 59% chance of a Fed rate cut to the 500-525 bps range. While the immediate impact is uncertain, historically, the crypto market reacts positively to Fed rate cuts.

🗳 Crypto and the U.S. Presidential Election

The recent debate between Harris and Trump has concluded, with Harris being widely regarded as the winner. Crypto wasn’t discussed, however, if Trump wins, some analysts predict Bitcoin could soar to $90,000.

⛏ Bitcoin Miners’ Confidence and Rising Hashrate

Despite falling revenues and rising hashrate coupled with record mining difficulty, miners are holding their Bitcoin, demonstrating strong confidence in its long-term value.

⚖️ Stablecoins and Regulatory Shifts

USDT volumes on exchanges have increased, showing retail investor interest. In the UK, a new law could classify cryptocurrencies as personal property, enhancing legal protections.

📊 Calmer market ahead?

Volatility has dropped, and speculative trading is cooling. Analysts anticipate a more stable market in the coming months.

🚨 FBI: Crypto fraud totalled $5.6 billion in 2023

The FBI’s 2023 report reveals a 45% increase in crypto-related fraud losses, totaling $5.6 billion. Seniors over 60 are the most targeted. Stay vigilant and always do your own research!

🌍 Global Crypto Adoption Continues

ETFs and stablecoins are driving mainstream adoption. The Chainalysis 2024 Global Crypto Adoption Index shows Central and Southern Asia leading, with India, Nigeria, and Indonesia at the forefront.

#GoMarketWeekly

BY GoMining News