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Bitcoin May Drop Below $60,000 Amid Geopolitical Risks, Says Analyst AI Summary According to Odaily, Standard Chartered Bank analyst Geoff Kendrick has indicated that Bitcoin might fall below $60,000 before the weekend due to concerns over geopolitical risks. However, Kendrick views this potential drop as an opportunity for accumulation. He also highlighted a significant increase in bullish Bitcoin options positions, noting a rise in open interest for options with an $80,000 strike price expiring on December 27. Kendrick further pointed out that Bitcoin has not emerged as a safe haven against geopolitical tensions. He stated, 'Gold is a geopolitical hedge. Bitcoin is a tool to hedge against traditional financial issues such as bank failures or de-dollarization and sustainability issues of the U.S. Treasury.'#btcupdates2024 #btc70k

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Trader Achieves 5220% Return on Solana-Based Pochita Token Investment AI Summary According to Foresight News, on-chain data from SolanaFloor reveals that a trader made a significant profit by investing in the Pochita token. The trader initially spent 20 SOL to purchase the token when its market value was only $200,000. Subsequently, the trader sold the tokens, earning 1064 SOL, which translates to a remarkable return rate of 5220%. #SolanaUSTD

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Bitcoin Bull Market Cycle Accelerates, Says CMC Research AI Summary According to BlockBeats, on October 3, CoinMarketCap's (CMC) research division, CMC Research, released its third-quarter market report, indicating that Bitcoin's bull market cycle is accelerating. The report suggests that this bull market is advancing 100 days ahead of the typical four-year cycle. Various factors, including institutional adoption, Bitcoin exchange-traded funds (ETFs), and evolving market dynamics, are driving this potential supercycle. CMC Research anticipates that the current bull market will peak between mid-May and mid-June 2025. Despite the early acceleration, there are signs that infrastructure growth is slowing, which may indicate broader changes in market dynamics.#btc70k #ETH🔥🔥🔥🔥

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According to Odaily, the Hong Kong Monetary Authority (HKMA) and the Qatar Central Bank held a bilateral meeting on October 3 in Doha (Doha time) to enhance cooperation in the financial services sector. During the meeting, the two institutions discussed various collaborative initiatives aimed at strengthening financial infrastructure. They also shared experiences on capital market connectivity, sustainable finance, bond market development, digital assets, and talent cultivation.#HongKongCrypto #Qatar

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Dormant Bitcoin Address Activated After 10.7 Years According to BlockBeats, on October 3, Whale Alert reported the activation of a Bitcoin address that had been dormant for 10.7 years. The address contains 99 Bitcoins, which have appreciated significantly in value, now worth over $6 million.#Bitcoin❗

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