Aurelia Butler

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In the meantime, Bitcoin has lost roughly 6.35% after surging to a new record peak last Friday. So far, it has failed the expectations of the community of seeing it break above $100,000 quickly.So far, the world’s bellwether cryptocurrency, Bitcoin, is changing hands at $93,500 after partly paring its losses, faced after the massive 8% price decline on Monday. Mow then tweeted that a “Black Friday Bitcoin sale” had started, offering the community to stock up on BTC on the dip.Michael Saylor, a renowned Bitcoin evangelist, tweeted that he has already planned a $100,000 Bitcoin party at his house on one of the last days of December and of 2024, as he expects BTC to reach that much-anticipated price mark by then, either in November or December.However, he stated that BTC will definitely be back to pass $100,000 with effort, and he said that after that, “the next $100,000 will happen in weeks.”This article was originally published on U.Today More

Saylor tweeted that thanks to the recent surge of the world’s largest cryptocurrency, the holders of MSTR are in for some crazy profits in daily terms.That happened before Thursday last week, when Bitcoin surged first to $93,500 and then went higher, reaching the most recent all-time high at the $99,655 price mark on Friday. As BTC went up to over $93,500, Saylor tweeted that the Bitcoin yields for shareholders would bring $3.8 billion for the week, which equates to $544 million of yields per day thanks to the rapid Bitcoin price increase.As reported by U.Today, on November 25, the company announced a mammoth-sized purchase of 55,500 BTC worth approximately $5.4 billion. On November 8, MicroStrategy stunned the community by acquiring $4.6 billion in BTC. Therefore, lately, the company has accumulated a mind-blowing $10 billion equivalent of the flagship cryptocurrency. It now holds 386,700 BTC in total valued at $21.9 billion.In a recent comment, Saylor defended his company’s Bitcoin bet, responding to the venture capitalist Jason Calacanis, who likened MicroStrategy’s BTC strategy to “meme stock madness” and questioned why would anyone like to buy an 80 cent worth of Bitcoin for $1, referring to MSTR. Saylor responded, saying that Bitcoin “represents the digital transformation of capital” and MicroStrategy is helping to accelerate this transformation.After Bitcoin reached a new historic peak near $100,000 last Friday, it has declined by 5% so far, considering today’s recovery.This article was originally published on U.Today More

The Fed minutes stated that future interest rate cuts were likely, but they would occur “gradually.” The minutes were connected to the Federal Reserve’s most recent policy meeting earlier this month, when it cut its benchmark lending rate by a quarter point to 4.50% to 4.75%.”In discussing the outlook for monetary policy, participants anticipated that if the data came in about as expected, with inflation continuing to move down sustainably to 2 percent and the economy remaining near maximum employment, it would likely be appropriate to move gradually toward a more neutral stance of policy over time,” the minutes stated.The central bank began decreasing the Fed funds rate in September, and the Open Market Committee’s next meeting is scheduled for Dec. 17-18.Bitcoin climbed to $93,000 after falling to a two-day low of $90,742 during Tuesday’s trading session.Several crypto assets were up, including XRP (6%), and Cardano and Stellar up 10%. Aave and Algorand were up 13%, while Zcash rose 23%.The minutes came one day ahead of key inflation data, the October personal consumption expenditures price index, which will be announced on Wednesday. The PCE is the Fed’s preferred inflation index, and it informs monetary policy choices.A slew of economic data is anticipated to be released on Wednesday, ahead of Thanksgiving on Thursday, when markets are closed. Traders are expecting a 66% possibility that the Fed will lower rates by a quarter point at its next December meeting, with 33% expecting no change.This article was originally published on U.Today More

Cypher Capital, a multi-strategy crypto investment firm, today announced its investment into Kernel, a restaking protocol on BNB Chain. Kernel has secured a total of $10 million in funding, which will be used to further develop its cross-chain restaking platform and expand its capabilities within the DeFi ecosystem.Kernel’s core offering enables restaking on BNB Chain, which will provide decentralized, scalable trust for the broader blockchain ecosystem. The platform supports developers and dApps by enhancing security and creating programmable trust across blockchain networks. Cypher Capital joins a diverse group of investors backing Kernel, including Binance Labs, SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Draper Dragon, ArkStream Capital, and more. About Cypher CapitalCypher Capital is a leading early-strategy venture firm focused on investing in Web3 infrastructure and applications that will drive the new digital economy. Guided by environmental, social, and governance for every investment decision, Cypher is shaping the future of digital currency, public markets, and Web3. Website | Blog | LinkedIn | Telegram | Instagram | Facebook (NASDAQ:META) | Youtube | X About KernelKernel is pioneering restaking on the BNB Chain, designed to provide decentralized shared security and accelerate innovation and growth across the ecosystem. Founded by experts in DeFi and restaking who scaled products to 1.3 Bn+ TVL, Kernel’s ecosystem of projects is already 25+ and growing rapidly. By lowering entry barriers for protocols and unlocking higher rewards, Kernel empowers developers to build 100x efficiently and users to maximize rewards on assets.ContactMedia ManagerShameem Shashameem@cyphercapital.comThis article was originally published on Chainwire More