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Market Cycle Acceleration is now reduced to just 2 weeks!
Coinsauce
November 07, 2024
Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!
💧Top headlines from the last 24 hours:
• Risk-on markets go parabolic!
• DeFi on fire!
📕Educational :
• Market Cycle Acceleration reduced to near zero.
Lets dive in.
📅 Today
Markets Go Euphoric ❗️
The election is over and we are seeing MASSIVE moves in stocks, adding TRILLIONS of market cap.
The S&P 500 has now added $1.3 trillion of market cap PER MONTH for 12-straight months.
In fact, just yesterday, the US Stock Market Gains $1.28 Trillion in a Single Day
We now have
Pro-Bitcoin President
Rate Cuts
Gold at ATH
Stocks at ATH
All of this is incredibly bullish for Bitcoin! Get ready for the ride!
DeFi Outperforms ❗️
With Donald Trump likely to become the next U.S. President, the DeFi sector is seeing significant gains in anticipation of a more crypto-friendly regulatory environment. Trump’s pro-crypto stance has fueled hopes for long-awaited regulatory clarity in the industry.
Leading the rally are decentralized exchange Uniswap Lido (LDO), both surging over 30% in the past 24 hours, at the time of writing.
The DeFi sector is up 16%, according to CoinGecko, signaling a positive shift as capital flows beyond memecoins and into utility tokens, which is a promising sign for the market’s future.
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🌎 Other News
It’s been 47 days since Michael Saylor bought any Bitcoin. Read more
JPMorgan to launch instant euro-dollar conversions on its blockchain. Read more
Gary Gensler’s Days As SEC Chair Are Now Numbered. Read more
Tether moves USDT from smaller chains to Ethereum. Read more
BlackRock’s Bitcoin ETF rockets past $1 billion 20 minutes after market opens.
📕 Educational
BTC tends to break to new All Time Highs ~214 days after the Halving
It is now 201 days after the Halving and Bitcoin has just broken to new ATHs
Technically, this means that Bitcoin is still in an Accelerated Cycle but only by some two weeks or so, which is negligible.
📊 Stat of the day
🤣 Meme of the day
Eth’s fortunes are soon going to change!
That concludes our update for today!
We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.
Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!
Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.
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