Donald Trump

Bitcoin

Gold

<p>Bitcoin (BTC) just hit a new milestone, closing its daily candle above $75.6K for the first time ever. The flagship cryptocurrency surged to an <a href="https://coinpedia.org/news/bitcoin-all-time-high-broken-effect-of-us-election/" target="_blank" rel="noreferrer noopener">all-time high of $76,243</a> on Wednesday before settling around $75K early Thursday during European trading. This strong price movement has eased concerns of an immediate selloff, bolstering positive sentiment in the market.</p>   
<p>Bitcoin’s fear and greed index has climbed to 77 percent, indicating "extreme greed" among traders. The recent <a href="https://coinpedia.org/news/2024-us-elections-result-donald-trump-officially-elected-president/" target="_blank" rel="noreferrer noopener">U.S. election</a>, which saw the re-election of several pro-crypto candidates, has further fueled investor confidence, drawing FOMO-driven traders back into the market.</p>   
<h2 class="wp-block-heading" id="h-interest-rate-cuts-in-england">Interest Rate Cuts in England? </h2>   
<p>Analysts expect the Federal Reserve and the Bank of England (BoE) to announce interest rate cuts today to encourage economic growth. With a favorable shift in the U.S. political outlook for crypto, many investors are increasing their <a href="https://coinpedia.org/news/crypto-news-today-nov-7th-2024-bitcoin-price-stays-at-74k-ldo-becomes-top-gainer/" target="_blank" rel="noreferrer noopener">cryptocurrency holdings</a>. </p>   
<p>Even traditional gold investors are beginning to view Bitcoin as a hedge, especially after Donald Trump’s re-election this week.</p>   
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<h2 class="wp-block-heading" id="h-why-stablecoins-could-trigger-the-next-bull-market">Why Stablecoins Could Trigger the Next Bull Market </h2>   
<p>In the last 24 hours, stablecoin issuers have injected over $3 billion across various blockchain networks, especially on Ethereum. Spot On Chain data shows that Tether’s Treasury issued $1.845 billion in USDT to major exchanges, with most going to Binance and smaller amounts to Coinbase, OKX, and Kraken.</p>   
<p>Circle CEO Jeremy Allaire also announced that nearly $2 billion in stablecoins were issued over the past week, with $1.2 billion minted in just the last 24 hours.</p>   
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<p>Historically, rising stablecoin supply has been seen as a positive market signal, as it suggests investors are preparing to buy more assets.</p>   
<p>Significant cash inflows to <a href="https://coinpedia.org/news/bitcoin-etf-news-bearish-sentiment-leads-to-record-580-million-in-outflows/" target="_blank" rel="noreferrer noopener">U.S.-based spot Bitcoin ETFs</a> over the past week further support the likelihood of a bull rally. With stablecoin activity surging and renewed optimism in politics, the crypto market may be gearing up for another strong rally in the days ahead. </p>   
<p><strong>With every new record, Bitcoin brings us one step closer to a more decentralized and equitable future.</strong></p>

Bitcoin Hits New High as Tether’s $2B Injection Fuels Market Optimism

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