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Bitcoin News Today: Ether (ETH) Likely to Top $5K, BTC Eyes Record High as Powell Sparks Rally; Watch for DAT Deal Risks: Asset Managers

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Cryptocurrencies surged late Friday after Federal Reserve President Jerome Powell struck a dovish tone at the Jackson Hole economic symposium, defying market expectations for a more hawkish stance. That has prompted asset managers to call for new all-time highs for bitcoin BTC$115,921.44, ether (ETH) and select altcoins. What Powell said? In one of his most … Read more

XLM Eyes Bullish Continuation After Rising From Support

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XLM traded in a narrow band between $0.39 and $0.41 over a 24-hour stretch ending Aug. 21, reflecting a consolidation phase ahead of a potential move. Sellers repeatedly capped upside at $0.41, while buyers defended support at $0.40, keeping volatility subdued. A gradual dip in volume suggested traders were positioning for a breakout attempt. That … Read more

China Eyes Stablecoins To Boost Yuan Abroad: Report

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China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese yuan-backed stablecoins in what would be a major policy reversal. Chinese authorities may authorize yuan-backed stablecoins for the first time to promote global use of its currency, Reuters reported on Wednesday, citing sources familiar with the matter. If approved, China’s … Read more

China Eyes Stablecoins To Boost Yuan Abroad — Report

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China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese yuan-backed stablecoins in what would be a major policy reversal. Chinese authorities may authorize the usage of yuan-backed stablecoins for the first time to promote global use of its currency, Reuters reported on Wednesday, citing sources familiar with the matter. … Read more

China Eyes Stablecoins To Boost Yuan Abroad — Report

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China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese yuan-backed stablecoins in what would be a major policy reversal. Chinese authorities may authorize the usage of yuan-backed stablecoins for the first time to promote global use of its currency, Reuters reported on Wednesday, citing sources familiar with the matter. … Read more

China Eyes Stablecoins To Boost Yuan Abroad — Report

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China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese yuan-backed stablecoins in what would be a major policy reversal. Chinese authorities may authorize the usage of yuan-backed stablecoins for the first time to promote global use of its currency, Reuters reported on Wednesday, citing sources familiar with the matter. … Read more

China Eyes Stablecoins To Boost Yuan Abroad — Report

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China, one of the most restrictive global jurisdictions for cryptocurrencies, is reportedly considering allowing Chinese yuan-backed stablecoins in what would be a major policy reversal. Chinese authorities may authorize the usage of yuan-backed stablecoins for the first time to promote global use of its currency, Reuters reported on Wednesday, citing sources familiar with the matter. … Read more

ETH Eyes Record High as Traders Bet on $5K Breakout

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Ethereum’s native token, ether (ETH), continues its powerful surge, sparking frenzied activity in the Deribit-listed options market, where traders are making bullish bets on further upside. Over the past 24 hours, traders have spent more than $5 million on the $5,000 strike call option expiring on Sept. 26, per data tracked by Amberdata. The buyers … Read more

Bitcoin Eyes All-Time Highs While Traders Wait For $117,000 Retest

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Bitcoin (BTC) starts a new week in an exciting place as price action knocks on new all-time highs. Bitcoin surges to $122,000, the latest sign that price discovery is around the corner. Dip discussions focus on the weekend’s CME gap, which offered $117,000 as a retracement target. CPI and PPI are due this week as … Read more

Bitcoin Eyes All-Time Highs While Traders Wait For $117,000 Retest

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Bitcoin (BTC) starts a new week in an exciting place as price action knocks on new all-time highs. Bitcoin surges to $122,000, the latest sign that price discovery is around the corner. Dip discussions focus on the weekend’s CME gap, which offered $117,000 as a retracement target. CPI and PPI are due this week as … Read more