Javier Milei Wins Argentine Presidency; Bitcoin Gains Nearly 3%
The self-described anarcho-capitalist has been supportive of bitcoin, calling it “the return of money to its original creator, the private sector.”
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The self-described anarcho-capitalist has been supportive of bitcoin, calling it “the return of money to its original creator, the private sector.”
The move was expected and isn’t having any immediate effect on the bitcoin price.
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Charts related to global central banks, U.S. financial conditions and the 10-year U.S. Treasury yield suggest the path of least resistance for the cryptocurrency is upward.
The SEC delaying decision about spot BTC ETFs could leave the market without a catalyst until early January, halting the crypto rally’s momentum, K33 analysts said this week.
Bitcoin payments firm Strike has expanded its services on a global scale, now allowing users in 36 countries (soon to be 65+) beyond the U.S. to buy bitcoin through the app, founder Jack Mallers announced in a blog post Thursday.
The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 16, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Overall capitalization of such tokens has risen over 21% in the past 24 hours, outperforming most other token sectors.
Options market positioning and dovish Fed expectations indicate the path of least resistance is on the higher side.