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Test for Market Bulls as 2023 Policy Finale Looms

Bitcoin, the reigning titan of the cryptocurrency market, finds itself in an unusual position as it lags behind lesser-known digital currencies in recent price gains. And on Wall Street, stocks remain resilient despite the economic rollercoaster.

December 11, 2023

Bitcoin Gravitating Towards $50,000

Bitcoin is underperforming smaller, less well-known digital currencies following the market bellwether's spectacular recent gain.

On Friday, Cardano surged 30%, Solana saw a gain of around 8%, and Avalanche rose 12%.

Ether was down roughly 1%, while Bitcoin was up about 2%. The combined value of the two biggest tokens in cryptocurrency is around $1.6 trillion.

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What is the Fair Value of Bitcoin?

What is the Fair Value of Bitcoin?

According to two staff members of the European Central Bank, Bitcoin is still a harmful phenomenon with no inherent worth, even if it has been approved as an asset to be included in ETFs in the US. The OG cryptocurrency just crossed its two-year high today, sitting at $56,287

ETF Hype Pushes Ether to 2-Year Highs

ETF Hype Pushes Ether to 2-Year Highs

Anticipation for US spot crypto ETFs shifts focus to Ethereum, with investors eyeing Ether's outperformance over Bitcoin amid rising demand and potential legal challenges, despite regulatory hesitations and concerns over ecosystem centralization.