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Texas Initiates Strategic Bitcoin Reserve with M BlackRock ETF Purchase

Texas Initiates Strategic Bitcoin Reserve with $5M BlackRock ETF Purchase

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Texas Comptroller’s office acquired $5 million in BlackRock’s iShares Bitcoin Trust (IBIT) on November 20. The purchase serves as an initial allocation for the Texas Strategic Bitcoin Reserve while custody arrangements are finalized. State officials plan to transition to self-custodied Bitcoin holdings once a suitable custodian is selected. This move positions Texas as the first U.S. state to actively build a...

Bitcoin, Cryptocurrencies, ETF, Front page, News

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Franklin Templeton Debuts Spot XRP ETF

Franklin Templeton Debuts Spot XRP ETF

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Franklin Templeton’s XRP ETF (XRPZ) launched on NYSE Arca, tracking the CME CF XRP-Dollar Reference Rate. XRP price jumped up to 9% following the debut. The move adds to recent launches from Grayscale, Bitwise, and Canary Capital, signaling broader altcoin ETF adoption. Franklin Templeton, a major asset manager with over $1.6 trillion under management, has expanded its digital asset portfolio by launching a spot...

Cryptocurrencies, Front page, News

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Bitcoin Rebounds from Extreme Oversold Levels as Liquidations Ease and Buyers Return

Bitcoin Rebounds from Extreme Oversold Levels as Liquidations Ease and Buyers Return

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Bitcoin rebounded 2.7% to around $86,500 after RSI flashed extreme oversold signal. $206 million in weekend liquidations point to seller exhaustion amid thin liquidity. Altcoins like XRP and ZEC led gains, surging 7% and 14% respectively. Bitcoin staged a modest recovery on Sunday, climbing from intraday lows after technical indicators suggested the recent sell-off may have overextended. The leading cryptocurrency traded...

Bitcoin, Cryptocurrencies, Front page, News

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Institutional Buyers Dip Into Crypto Sell-Off as Analysts Eye Potential Bottom Amid Lingering Risks

Crypto Sell off bottom near?

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Crypto markets extended losses on Friday, with Bitcoin dipping below $85,000 and total liquidations surpassing $2 billion in leveraged positions over 24 hours. Institutional investors are ‘nibbling’ at dips, viewing the sell-off as a buying opportunity, per Bitwise CIO Matt Hougan. Oversold RSI readings and retail capitulation suggest a tactical bottom may form near $82,000-$84,000, but hawkish Fed signals could prolong...

Bitcoin, Cryptocurrencies, ETF, Front page, News

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Bitcoin Plunges Below ,000 as Strong US Jobs Data Dampens Rate Cut Hopes

Bitcoin Plunges Below $83,000 as Strong US Jobs Data Dampens Rate Cut Hopes

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Bitcoin falls below $83,000: The cryptocurrency experienced a 7.32% drop in the past 24 hours amid macroeconomic pressures. US jobs data impact: Stronger-than-expected employment figures suggest persistent inflation, lowering the odds of a December rate cut. Market sentiment: The Crypto Fear & Greed Index hits ‘extreme fear,’ with the overall crypto market down 6.62%. Bitcoin has tumbled below $83,000,...

Bitcoin, Cryptocurrencies, Front page, News

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