Author: Siamak Masnavi

On November 14, Michael Saylor, the co-founder and government chairman of MicroStrategy (Nasdaq: MSTR), joined CNBC from the Caner Crypto, Digital Belongings, and AI Infrastructure Convention in Miami. The dialogue kicked off with CNBC host Morgan Brennan addressing the current surge in Bitcoin’s worth, asking Saylor whether or not the rally was linked to the anticipation of how the brand new U.S. administration would impression crypto. Saylor instantly acknowledged that the current shift within the political panorama, which he known as the “Crimson Wave,” has been a big growth for Bitcoin. He steered that the change in political management was…

Federal Reserve Chair Jerome Powell delivered a key speech yesterday, addressing the financial outlook and financial coverage at an occasion organized by the World Affairs Council, the Federal Reserve Financial institution of Dallas, and the Dallas Regional Chamber. Throughout his remarks, Powell expressed optimism concerning the present state of the U.S. financial system whereas emphasizing a cautious method to future financial coverage changes. Powell famous that the U.S. financial system has rebounded considerably from the challenges of the worldwide pandemic and is presently in a sturdy place. He talked about that the nation’s financial output grew by over 3% final…

Distinguished Bitcoin analyst Willy Woo not too long ago shared his insights on social media platform X (previously Twitter), forecasting Bitcoin’s upcoming worth actions. In line with Woo, Bitcoin is at the moment navigating a section of unfettered worth discovery, having damaged into new all-time highs. His evaluation hinges on Fibonacci ranges and market liquidation information to foretell potential resistance factors on this setting. Woo’s put up got here after Bitcoin reached a brand new all-time excessive of $88,000, sparking intense curiosity amongst market contributors. In line with Woo, this milestone indicators the primary important worth degree Bitcoin must consolidate…

On November 14, Matthew Sigel, the pinnacle of digital asset analysis at international asset supervisor VanEck, joined CNBC’s “Squawk Field” to share his ideas on the continued rally within the crypto market. In the course of the interview, Sigel expressed confidence that Bitcoin’s latest surge is way from over. He argued that the present rally, which adopted the election, has introduced Bitcoin into “blue sky territory” the place there isn’t a vital technical resistance. He claims that Bitcoin is prone to attain new all-time highs repeatedly over the following two quarters. He drew parallels to 2020, noting that after the…

World Liberty Monetary (WLFI) introduced a partnership with Chainlink on Nov. 14, aimed toward enhancing the safety and interoperability of its DeFi protocol. The collaboration is meant to leverage Chainlink’s established on-chain information and cross-chain connectivity options, that are extensively adopted throughout the decentralized finance sector. In response to the discharge, this partnership is seen as a key transfer for WLFI because it seeks to place itself as a frontrunner within the DeFi area. Chainlink’s infrastructure, which has facilitated over $16 trillion in transaction worth, is ready to assist the WLFI Protocol, significantly by means of the mixing of Chainlink…

Bitwise CIO Matt Hougan not too long ago shared his ideas on Bitcoin’s newest surge, reflecting on its future trajectory. Based on Hougan, whereas Bitcoin has seen spectacular positive aspects, it’s nonetheless early days for the asset till it reaches a worth of $500,000 per coin. As of 12 November, Bitcoin is buying and selling close to $88,000, having doubled in worth year-to-date and surged over 25% because the 5 November U.S. presidential election. Regardless of the speedy rally, Hougan sees $100,000 as an imminent milestone. But, he emphasizes that Bitcoin’s maturity is way from being achieved. For individuals who…

U.S. shares pulled again on Tuesday, November 12, 2024, with all main indices closing in destructive territory regardless of some notable vivid spots within the expertise sector. The Dow Jones Industrial Common led the decline, dropping 382.15 factors, or 0.86%, to shut at 43,910.98. The S&P 500 fell 17.36 factors, or 0.29%, to finish at 5,983.99, whereas the tech-heavy Nasdaq Composite confirmed extra resilience, slipping simply 17.36 factors, or 0.09%, to complete at 19,281.40. Amongst particular person shares, Amgen Inc. was the day’s largest decliner on the Nasdaq, falling 7.14% to $298.84. Different notable declines got here from Tremendous Micro…

In September, Coinbase unveiled cbBTC, a wrapped model of Bitcoin that enabled customers to make the most of their Bitcoin holdings in decentralized finance (DeFi) functions on Ethereum and Base with out promoting or changing to different cryptocurrencies. Among the hottest DeFi platforms that can help cbBTC from the beginning embody well-known names like Uniswap, Aave, Compound, and Curve. One of many key advantages of cbBTC is its 1:1 backing by Bitcoin held in custody by Coinbase. By wrapping Bitcoin and bridging it to extra blockchain networks, Coinbase goals to create a extra interconnected monetary ecosystem that may speed up…

MicroStrategy’s lately introduced “21/21 Plan” to speculate $42 billion in Bitcoin over three years faces a number of vital hurdles, in keeping with a brand new evaluation from European digital asset funding agency CoinShares. On October 30, MicroStrategy Inc. (Nasdaq: MSTR) launched its Q3 2024 monetary outcomes, highlighting each its newest Bitcoin acquisition technique and challenges inside its software program enterprise. The corporate, identified for its substantial Bitcoin holdings, introduced a three-year “21/21 Plan” to lift $42 billion—$21 billion in fairness and $21 billion in fixed-income securities. This capital can be used to develop its Bitcoin treasury additional, with the goal…

CCData has simply launched the October 2024 version of its widespread and highly-respected Change Overview report. CCData is a Monetary Conduct Authority (FCA)-authorized benchmark administrator and international chief in digital asset knowledge and publishes complete Change Overview experiences month-to-month. These experiences analyze key developments within the cryptocurrency trade market, protecting trade volumes, crypto derivatives buying and selling, market segmentation by trade charge fashions, and crypto-to-crypto versus fiat-to-crypto volumes. The evaluations additionally look at Bitcoin buying and selling towards numerous fiat currencies and stablecoins, present rankings of prime crypto exchanges by spot buying and selling quantity, and monitor quantity tendencies for…