The past weekend was a rollercoaster ride for the cryptocurrency market. From Mark Cuban‘s controversial perspective on Bitcoin’s price to the unexpected rise in the market after Germany’s massive Bitcoin dump, the crypto world was abuzz with activity.
The past weekend was a whirlwind for the cryptocurrency market, with several key stories shaping the narrative. Here's a quick recap:
Mark Cuban: Trump's Re-Election Not Impacting Bitcoin's Price Directly
Billionaire investor Mark Cuban shared his thoughts on a potential re-election of former President Donald Trump and its impact on Bitcoin's price. According to Cuban, while a Trump presidency could benefit crypto businesses with expected changes at the SEC, it wouldn't be the main factor influencing Bitcoin's value.
Bitcoin, Ethereum, Dogecoin Posting Gains
The cryptocurrency markets saw a surge over the last weekend, with long liquidations reaching their highest level in over a week. Experts suggest that if history repeats itself, the months of September and October could be explosive for these cryptocurrencies.
Germany's Ill-Timed Bitcoin Dump
The German government's decision to sell off nearly 50,000 Bitcoins recovered from asset seizures over the past three weeks led to significant downward pressure on the digital currency's price. Interestingly, the market saw an unexpected rise immediately after the final tranche of the government's Bitcoin holdings was sold.
‘Dogecoin Killer' Shiba Inu's Burn Rate Up, Price Down
Despite being under pressure due to a hack of the Indian crypto exchange WazirX, Shiba Inu still showed positive fundamental indicators on Thursday. The marketing lead of Shiba Inu announced that its game Shiba Eternity will fully integrate with the Shibarium blockchain, adding value to the Shiba Inu ecosystem.
Bitcoin, Ethereum, Dogecoin Fall As Trump's Presidency Odds Dip
The cryptocurrency market experienced a slide on Thursday as the odds of a win for pro-cryptocurrency presidential candidate Donald Trump dropped on prediction markets. Bitcoin crashed from $65,000 to $63,500 during morning trading hours, dashing investors' hopes of a rally to a fresh all-time high anytime soon.
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