Crypto Now Braced For A ‘Massive’ $300 Billion Price Earthquake Following Bitcoin, Ethereum And XRP Surge thumbnail
Crypto Now Braced For A ‘Massive’ $300 Billion Price Earthquake Following Bitcoin, Ethereum And XRP Surge
www.forbes.com
The bitcoin price has more than doubled since the implosion of major crypto exchange FTX last year, climbing as expectations soar the Federal Reserve could be about to blow up the market. historical November bitcoin price data suggests the crypto market could be about to be hit by a $300 billion ear
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  • The bitcoin price has more than doubled since the implosion of major crypto exchange FTX last year, climbing as expectations soar the Federal Reserve could be about to blow up the market.
  • historical November bitcoin price data suggests the crypto market could be about to be hit by a $300 billion earthquake.
  • Last week, "cemented October's reputation as 'Uptober,' with bitcoin witnessing nearly a 29% increase in value," Rachel Lin, the chief executive of Singapore-based derivatives DEX SynFuture
  • "Even more interesting is that when we look at historical data, November tends to be even better than October, with an average return of over 35% in bitcoin. If this November were to deliver similar returns, we could see bitcoin reach around $47,000 in the next 30 days"—a price increase that would add around $300 billion to bitcoin's near-$700 bill...
  • Lin pointed to options data that shows traders are betting the bitcoin price will continue to climb in the coming weeks and months.

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