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Oil Investors Boost Bitcoin Liquidity
HIGH
Petrodollars are flowing into Bitcoin through ETFs, increasing market liquidity and altering its structure significantly.
💡 Learn:
ETFs are investment funds traded on stock exchanges, similar to stocks. They allow investors to buy shares representing a basket of assets, increasing access to Bitcoin for traditional investors.
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Bitcoin Price Stays Flat Amid Rate Cuts
MED
Bitcoin faces reduced selling pressure as the Federal Reserve announces a rate cut, leading to stagnation in price movement around $90,000.
💡 Learn:
A rate cut by the Fed lowers borrowing costs, encouraging spending and investment. This can positively affect Bitcoin as a hedge against inflation.
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New Company Predicts Bitcoin's Massive Growth
MED
Twenty One Capital forecasts Bitcoin could grow to a $200 trillion market, envisioning it as a global reserve asset.
💡 Learn:
A global reserve asset is a currency or asset held in significant quantities by governments and institutions for international transactions and reserves. Bitcoin's potential as such could shift global finance.
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Coinbase and Standard Chartered's New Partnership
MED
Coinbase and Standard Chartered expand services for institutional investors, enhancing crypto trading, custody, and lending capabilities.
💡 Learn:
Custody services involve securely holding and managing assets on behalf of clients, crucial for institutional investors dealing with cryptocurrencies.
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