1. BlackRock: The attractiveness of Bitcoin as a reserve asset has increased due to the US Federal deficit and debt situation. 2. Standard Chartered Bank: After the Fed rate cut, Bitcoin

JIN10
2024.09.20 02:51
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BlackRock pointed out that due to the US federal deficit and debt situation, the attractiveness of Bitcoin as a reserve asset is increasing. Standard Chartered Bank predicts that after the Fed rate cut, Bitcoin and the crypto market will continue to rise, possibly breaking $100,000 by the end of the year. Analysts believe that the short-term target for Bitcoin is $65,000. With the US presidential election approaching, the volatility of the crypto market is expected to increase. Hong Kong's WeLab has applied for a digital banking license in Thailand, while Germany has shut down 47 crypto exchanges suspected of illegal activities. Bitcoin miners' income mainly comes from block rewards, accounting for over 98%

  1. BlackRock: The attractiveness of Bitcoin as a reserve asset is increasing due to the US federal deficit and debt situation.

  2. Standard Chartered Bank: After the Fed rate cut, Bitcoin and the broader crypto market are expected to continue to rise.

  3. Viewpoint: Bitcoin may break through to new highs, with the potential to rise above $100,000 by the end of the year.

  4. Bitbank Analyst: Bitcoin has not yet escaped the predicament, with the next short-term target around $65,000.

  5. QCP Capital: It is expected that as the US presidential election approaches, the volatility of the crypto market will soar.

  6. 4E Asia-Pacific Ambassador: As the world enters a rate-cutting cycle, the relationship between traditional finance and Bitcoin is undergoing profound changes.

  7. Hong Kong virtual bank WeLab forms a consortium to apply for a digital banking license in Thailand.

  8. The German government has shut down 47 cryptocurrency exchanges suspected of being involved in illegal activities.

  9. Block rewards have become the main source of income for Bitcoin miners, accounting for over 98%.

  10. Robert Kennedy: Bitcoin mining is a powerful new tool to support renewable energy grids.

  11. CryptoQuant: A decrease in short-term BTC holder supply may hinder price breakthroughs.

  12. Russian media: A man suspected of treason for "sending cryptocurrency to the Ukrainian military" has been arrested by the Russian Federal Security Service.

  13. Worldcoin is testing the facial recognition feature of its World App

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