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Sabeen Gohram
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Bullish
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As the price of
bitcoin
reaches a new high, the Bhutanese government dumps its holdings.
#bitcoin
$BTC
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James Uthmeier, the attorney general of Florida, has opened an investigation against Robinhood, a trading platform, for allegedly misrepresenting its bitcoin services as the most affordable available in the US market. On Thursday, Uthmeier accused Robinhood of breaking Florida's Deceptive and Unfair Practices Act and issued a subpoena demanding information from the site.#bitcoin $BTC
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Bitcoin broke through $118K, resulting in short liquidations of almost $1.09B in a single day 💥#bitcoin $BTC
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The main goal of basis trading is to profit from the difference between spot and futures prices.#Binance $BTC
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The LA Trading Challenge has started, attracting interest with a prize pool of 2,500,000 $LA. This challenge allows traders to improve their skills while earning rewards. Participants can climb a leaderboard for a chance to win part of a 1,500,000 $LA prize, which motivates them to enhance their trading strategies and increase profits. Understanding market trends and risk management is crucial in this competitive environment. Additionally, the challenge rewards active traders. The top 4,000 traders who complete trades worth at least 100,000 USDT on the LA USDⓈ-M Contract will earn 250 LA each. This feature makes the competition appealing to a wider range of traders, ensuring that even those not at the top can benefit. As interest in cryptocurrency grows, events like the LA Trading Challenge help traders develop skills in a structured and engaging way. Overall, this challenge is a valuable opportunity for traders to learn, compete, and connect with the crypto community.#la $BTC
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Bitcoin has gained significant attention in financial markets, recently reaching an all-time high of over $112,000. This surge reflects its growing acceptance and is driven by increased institutional investment, with major companies like Tesla and MicroStrategy investing heavily in Bitcoin. Financial institutions are recognizing it as a legitimate asset class, attracting more retail investors. The COVID-19 pandemic has fueled interest in Bitcoin as a hedge against inflation, contributing to its rising demand. Bitcoin's limited supply of 21 million coins creates upward price pressure, especially after halving events that slow the creation of new coins. Investor sentiment, often influenced by social media and news, also impacts buying and selling behaviors. Overall, Bitcoin’s recent growth signifies its increasing role in the global financial landscape.#bitcoin $BTC
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