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Top Performing Assets (24 Hours): $BNB 4.38% | $XRP 4.25% | $AVAX 3.98%
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Welcome to Thursday Folks! Bitcoin is trading down at $52,414 and wants to push higher with $55K in play. The news is on the price...
SUMMARY
Yesterday, Bitcoin crossed $1T for the second time in history.(3) Today, Bitcoin hits $52K and possibly $55.4K soon in the US and a new all-time-high in Japan.(2)
A week ago it was reported that Bakkt could possibly be facing an extension event; now it appears they have received approval to raise $150M - maybe the end is not near.
Bitcoin on exchanges drops to the lowest level in 6 years. Bitcon call options surge for the $60K and $80K buys. Bitcoin ETFs inflows in the past 4 days is larger than the first 4 weeks; $2.2B.(2) However, it appears Genesis has been given the green light to sell shares of GBTC to pay back it's creditors; will this impact the price of Bitcoin? Could this stop the bull run? It appears the Judge has instructed of a measure sales approach so as to not negatively impact the market.
Ali Martinez says a TD Sequential is signaling a pull back in the price of $BTC but. Meanwhile, Novogratz is bullish and Michael Saylor's MicroStrategy is up $4B on its position.
$ETH is pushing higher and might be heading to $3K or possibly $3.5K with $85B locked up in Staking.
Bitcoin & Politics
John Deaton is considers running as a Republican candidate against anti-crypto Senator Elizabeth Warren.(2) If his name sounds familiar it's because he's the lawyer that kept us up to speed on a lot of the Crypto Asset legal cases. Rep. French Hill says Elizabeth Warren’s bill ‘wouldn’t do anything’ to stop terrorist financing in crypo.
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Podcast of the Day: Why We Shouldn’t Trust BlackRock with Whitney Webb & Mark Goodwin | WBD
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