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Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors see more green; Bitcoin at $118,800 ZCash continues to lead, soaring 50% to $140 U.S. goverment shut down pauses ETF...
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According to social posts and on-chain trackers, XRP appears poised for a sharp move that could leave little time for slow decisions. Trader Altcoin Gordon cautioned that XRP’s upcoming move might unfold quickly and with force, telling traders to be ready before it takes off. Related Reading Price has been stuck below $3 for weeks, and September produced no clear upward momentum, leaving traders on edge as regulators and markets add to uncertainty. Trader Warning Spurs Urgency Short-term charts show XRP compressing after a slide that began in July when the token crossed $3.60. Based on reports, Gordon’s shared chart…
Oregon officials are asking a federal appeals court to reverse a judge’s ruling that struck down a voter-approved law to require licensed marijuana businesses to enter into labor peace agreements with workers and mandate that employers remain neutral in discussions around unionization. In a filing with the U.S. Court of Appeals for the Ninth Circuit...
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In brief Two members of the Sweden Democrats have submitted a motion calling for a study into creating a national Bitcoin reserve. Proponents said it could position Sweden for a “potentially disruptive shift in the global financial infrastructure.” The U.S. and other nations have already explored or held strategic Bitcoin reserves. Two members of the...
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Bitcoin blasted through $116,000 with a 3% daily gain even as the U.S. government officially entered shutdown, its first since 2018. The political stalemate over health-care funding has 750,000 federal workers on furlough and could cost about $400 million per day, yet risk assets shook off early nerves. Related Reading Crypto’s total market cap rose 3% to $4.09T, with Bitcoin leading and dominance climbing from 57% to 59%, a structure analysts say tends to produce more durable rallies than altcoin-led surges. Gold’s sprint to fresh records near $3,875–$3,895/oz underlined the flight-to-safety backdrop, but BTC’s two-day rebound from $112,000 suggests buyers…
Bitcoin price started a strong increase and traded above $118,000. BTC is now consolidating gains and might correct some points in the short term. Bitcoin started a major increase above the $116,500 zone. The price is trading above $117,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $117,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it clears the $119,500 zone. Bitcoin Price Starts Fresh Surge Bitcoin price managed to stay above the $115,000 zone and started a…
In brief Litecoin surged 10% to $118, while Stellar gained 9% to $0.40. Short liquidations topped $480 million in 24 hours, as sentiment flips sentiment from fear to greed. Traders are rotating into older coins with Bitcoin rising more than 8% since September 28. The “Uptober” effect is in full swing. Kicking off what has historically...
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Bitcoin (BTC) witnessed a slight surge earlier today, climbing from $113,000 to around $117,000 at the time of writing, in contrast to expectations of several crypto analysts who were predicting a decline in risk-on assets due to the US government shutdown. Bitcoin Rises Despite US Government Shutdown The US federal government shut down at midnight on September 30, as President Donald Trump and Congress failed to reach a deal on funding. Specifically, the two camps were at odds over enhanced Obamacare subsidies, with neither party willing to take the blame. Related Reading However, Bitcoin made a surprise move to the…
Ethereum price started a steady increase above $4,320. ETH is now consolidating and might aim for more gains if it clears the $4,400 resistance. Ethereum remained stable above $4,250 and started a recovery wave. The price is trading above $4,320 and the 100-hourly Simple Moving Average. There was a break above a key contracting triangle with resistance at $4,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it settles above $4,400 and $4,420. Ethereum Price Gains Over 5% Ethereum price remained supported above the $4,120 level and started a fresh…
In brief Sen. Ron Wyden (D-OR) alleged Wednesday that Pantera Capital founder Dan Morehead may have used Puerto Rican residency to improperly dodge U.S. taxes, and has avoided cooperating with an investigation into the matter for months. In a letter sent this week, Wyden said Morehead’s attorneys “have all but disappeared” since pledging to cooperate...
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