qfx “In matters of high finance and the great currency of the future,” the report elucidates, with an assured, sage-like tone, “the less the number of coins that dwell upon exchanges, the less probable it has been, in historical recollection, to witness a grand tumultuous dispersal that might impart pressure downward upon an asset’s value.”
The august Federal Reserve, that oracle of finance, shall pronounce its judgment on interest rates on the tenth of December. ‘Tis said the market doth anticipate a trifling reduction – a mere 25 basis points, a pittance as some might say – yet such a maneuver could have outsized effects! Should they deign to lower these rates, it may well bestow a boon upon our crypto endeavors, loosening the purse strings of cautious investors. But woe betide us should they prove obstinate! A refusal to relent could cast a pall upon our buoyant spirits.
Bullish sentiment around bitcoin continues to build as global equity research and brokerage firm Bernstein issued a revised outlook. The update focused on a break from the traditional four-year cycle. It emphasized a market increasingly driven by institutional participation. 🏦💰
In a shocking turn of events that absolutely no one saw coming (😉), Binance announced on Dec. 7 that they’ve been granted full authorization by Abu Dhabi Global Market. Because nothing says “trustworthy” like needing approval from a desert financial hub to prove you’re not running a digital Wild West.
These three crypto mining stocks are saying, “Bitcoin, schmitcoin!” and rallying like there’s no tomorrow. Because, let’s face it, AI is the new black. 🖤
Circle, the publicly listed issuer of one of the biggest US dollar stablecoins, entered a strategic partnership. This is an important agreement with the cryptocurrency exchange Bybit. The announcement was made jointly on Monday. 🧠💸
So, here’s the tea: Bitnomial, this CFTC-regulated derivatives and spot-crypto platform, got the green light to include XRP in its market structure. Big whoop, right? Wrong. This Chicago-based exchange can now offer a supervised spot-XRP contract in the U.S. and even accept XRP as margin collateral across its derivatives products. 🤑 Basically, XRP is now hanging out with the cool kids like gold and treasuries, meeting all those fancy liquidity and settlement standards. Who knew crypto could be so… establishment? 🤓
MarcPMarkets has laid out the possibilities for where Bitcoin might go next, like a fortune teller without the crystal ball but with an impressive chart collection. The key level? The $93,500 mark. Why? Because that’s the point where Bitcoin failed to reclaim any glory, like a runner tripping right before the finish line.
Behold, the Dogecoin (DOGE) prances within its bearish cage, with sellers holding the reins since its grand rejection at the lofty resistance of $0.21. Oh, how it has tried to break free, but each attempt has been met with the cold shoulder of the market! 😢 Yet, there is a glimmer-a mere flicker-of stabilization, as if the hound has paused to catch its breath.
