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📰 GoMarket #29: Kamala’s Crypto Endorsement, BlackRock ETF

What's happening in crypto? Every week, our regular guest expert Mike Ermolaev covers the latest trends and news shaping the market. Below is a condensed version, see the full report here.

📈 Bitcoin Holds Strong After Fed's Rate Cut

After the Fed's 0.5% interest rate cut, Bitcoin surged and traded in a narrow range, reclaiming key support levels like the short-term holder cost basis and the 200-day moving average.

🏛 SEC Approves BlackRock’s Bitcoin ETF Options

BlackRock just scored a major win: the SEC greenlit options for its iShares Bitcoin Trust on Nasdaq. A fresh wave of capital to flood the crypto scene?

🇺🇸 Kamala Harris' Crypto Endorsement Fuels Optimism

A Wall Street fundraiser gave Kamala Harris' campaign a boost as she voiced support for cryptocurrency, raising $27 million. Experts predict Bitcoin could soar to $125,000 if Trump wins or $75,000 with a Harris victory—either way, the floodgates of crypto adoption will open a little wider.

⛏ Satoshi-Era Bitcoin Miners Awaken

A long-dormant Satoshi-era miner recently moved 250 BTC, worth $15.95 million, from five addresses that had mined coins in January 2009. Notably, the coins were not sent to exchange. Shortly after, another whale transferred 5 BTC to Kraken after nearly a decade of inactivity. Most recently, a 13-year-old wallet moved 20 BTC ($1.27M) to Bitstamp, sparking rumors of a potential resurgence of early investors.

🌍 Global M2 Money Supply Hits Record High

A staggering $107.86 trillion is now circulating in the M2 money supply, and this unprecedented level could be the rocket fuel that propels Bitcoin's upward trajectory. When investors seek risk, Bitcoin tends to surge. It appears that the tide of global liquidity lifts all boats – including crypto.

📊Perpetual Futures Market Shows Signs of Recovery

After a cooling-off period, the futures market is starting to pick up, with rising funding rates and increasing demand for leverage. With consolidation mode still in effect, signs of optimism are emerging increasingly, suggesting a more promising outlook moving forward.

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www.tg-me.com/us/GoMining News/com.gmt_token/3236

7.73K viewsSep 27, 2024 at 16:18

📰 GoMarket #29: Kamala’s Crypto Endorsement, BlackRock ETF

What's happening in crypto? Every week, our regular guest expert Mike Ermolaev covers the latest trends and news shaping the market. Below is a condensed version, see the full report here.

📈 Bitcoin Holds Strong After Fed's Rate Cut

After the Fed's 0.5% interest rate cut, Bitcoin surged and traded in a narrow range, reclaiming key support levels like the short-term holder cost basis and the 200-day moving average.

🏛 SEC Approves BlackRock’s Bitcoin ETF Options

BlackRock just scored a major win: the SEC greenlit options for its iShares Bitcoin Trust on Nasdaq. A fresh wave of capital to flood the crypto scene?

🇺🇸 Kamala Harris' Crypto Endorsement Fuels Optimism

A Wall Street fundraiser gave Kamala Harris' campaign a boost as she voiced support for cryptocurrency, raising $27 million. Experts predict Bitcoin could soar to $125,000 if Trump wins or $75,000 with a Harris victory—either way, the floodgates of crypto adoption will open a little wider.

⛏ Satoshi-Era Bitcoin Miners Awaken

A long-dormant Satoshi-era miner recently moved 250 BTC, worth $15.95 million, from five addresses that had mined coins in January 2009. Notably, the coins were not sent to exchange. Shortly after, another whale transferred 5 BTC to Kraken after nearly a decade of inactivity. Most recently, a 13-year-old wallet moved 20 BTC ($1.27M) to Bitstamp, sparking rumors of a potential resurgence of early investors.

🌍 Global M2 Money Supply Hits Record High

A staggering $107.86 trillion is now circulating in the M2 money supply, and this unprecedented level could be the rocket fuel that propels Bitcoin's upward trajectory. When investors seek risk, Bitcoin tends to surge. It appears that the tide of global liquidity lifts all boats – including crypto.

📊Perpetual Futures Market Shows Signs of Recovery

After a cooling-off period, the futures market is starting to pick up, with rising funding rates and increasing demand for leverage. With consolidation mode still in effect, signs of optimism are emerging increasingly, suggesting a more promising outlook moving forward.

BY GoMining News