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miadavis0339

@miadavis0339

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Global trade war concerns hit market participants following new import tariffs announced by the US and China. Investors are still waiting for US President Donald Trump’s meeting with Chinese President Xi Jinping, which is aimed at resolving trade tensions.
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“The technology is not mature enough for large-scale investments due to the need for human control,” Chen cautioned, adding that investors should “opt for tokens backed by practical solutions [such as] those replacing a programmer or automating tasks.”
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Initial use cases for AI agents will include crypto transactions such as trading and wallet management, Chen said. Additionally, crypto exchanges will start launching AI agents to automate operations and improve customer service, she added.
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Today in crypto, phishing attacks were the most costly attack vector for the crypto industry in 2024, according to a new report from CertiK, BlackRock’s iShares Bitcoin Trust (IBIT) has clocked its largest one-day outflow since its launch in 2024, and Do Kwon has pleaded not guilty to a slew of charges in the United States.
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Trump’s actions to date certainly suggest a favorable administration going ahead. He’s nominated pro-crypto and pro-deregulation Paul Atkins as chairman of the Securities and Exchange Commison after Gary Gensler stepped down.
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Krüger did not rule out the possibility of Bitcoin going through a bear market as in past cycles. However, he urged the crypto investors to “stop comparing this cycle to prior cycles” as it may be different this time.
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He believes that Bitcoin’s unique situation could be compared to gold when it surged from $35 per ounce in 1971 to $850 in 1981 as former US President Richard Nixon took the US off the gold standard, ending the Bretton Woods system.
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While Coinbase refers to USDT as a “MiCA-restricted stablecoin,” European regulators have not directly claimed that the stablecoin is not compliant with MiCA.
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On Dec. 18, the Federal Open Market Committee (FOMC) will decide whether to change benchmark interest rates. As Cointelegraph continues to report, overall bets remain skewed to a fresh 0.25% decrease, but markets are less certain than in previous months.
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Kobeissi noted that the prints constitute “the last week of labor market data before the December 18th Fed meeting.”
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“It’s a huge week for the labor market,” trading resource The Kobeissi Letter said about the macro diary.
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Job openings on Dec. 3 will be followed by jobless claims two days later, the week then ending with unemployment reports.
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The labor market dominates the week’s US macroeconomic data releases as the countdown to the Fed’s next interest rate decision begins.
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Bitcoindata21 compared the current Bitcoin bull market to 2021, when funding rates were multiple times higher. Even March 2024, when BTC/USD set old all-time highs of $73,800, saw considerably higher funding.
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“Funding rates on bitcoin are still really low, considering the number of people that have been calling ‘top signals’ recently…” analytics account Bitcoindata21 echoed on X last week.
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Funding has exhibited that relaxed trend for weeks, even as BTC/USD sets repeated records.
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“Lots of talk about price needing a bigger pullback & the market being unhealthy. Meanwhile, price chilling at $95,000 with near-baseline funding,” he told X followers.
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Market stability may well allow a shot at acclimatizing to six-figure Bitcoin.
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Despite the US election being a pivoting event for crypto, Trezor has not seen much change in the share of US demand, according to Sanders.
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“It promises to offer more regulatory clarity, which leads to an improved environment for businesses to operate in the space and increased institutional adoption,” he added.
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