Microsoft’s recent decision to reject a proposal to assess Bitcoin as a corporate investment reflects a cautious approach, signaling broader trends among tech giants regarding cryptocurrency adoption. Here’s a breakdown:
Proposal Highlights: Suggested by the National Center for Public Policy Research, the proposal encouraged Microsoft to consider Bitcoin as a hedge against inflation, with MicroStrategy’s success as a model for potential gains.
Microsoft’s Position: The board recommended a "no" vote, citing Bitcoin's volatility as incompatible with the stability needed in Microsoft’s treasury. The company’s focus remains on assets with reliable returns to ensure liquidity for operational funding.
Impact on Corporate Crypto Strategy: With influential shareholders like BlackRock holding pro-Bitcoin views, this vote may shape future corporate approaches to digital assets.
However, Microsoft’s decision aligns with a conservative stance many tech companies are taking, focusing instead on AI and cloud initiatives.
This conservative approach by Microsoft could influence other companies weighing the benefits and risks of adding crypto assets to their treasury.
🕰 Historical Context: How Elections Have Affected Bitcoin Bitcoin has shown remarkable resilience and growth following past U.S. elections: 2012: Priced at $11, it soared nearly 12,000% to $1,100 by 2013.2016: Around $700 during the election, Bitcoin jumped to $18,000 by the end of 2017.2020: Following the election, BTC rallied 478%, hitting $69,000 by November 2021. If these trends hold, some analysts forecast Bitcoin could reach $103,500 by 2025.
Market Overview The global cryptocurrency market cap has fallen to $2.25 trillion, down by 3.73% in the last 24 hours, reflecting some volatility in the market. Bitcoin remains relatively stable, trading in a range of $67,479 to $69,500 over the past 24 hours, currently priced at $68,743 with a slight gain of 0.50%. Notable Movers Outperformers: $TROY
, $SNT
$CTK
stand out among major cryptocurrencies, each gaining 15%, 12%, and 9% respectively.Mixed Performance: Other top cryptocurrencies like ETH, BNB, and SOL have shown slight gains or losses. Key Cryptocurrency Prices ETH: $2458.83 (+0.14%)BNB: $558.62 (-0.44%)XRP: $0.5083 (+0.91%)DOGE: $0.15159 (-0.04%)TRX: $0.1653 (+0.73%) Top Stories Upcoming Fed Decision and U.S. Election: Both events are expected to impact crypto markets.Token Unlock for BANANA: $11.7 million worth of BANANA tokens are set for release.MicroStrategy’s Bitcoin Strategy: Shareholders continue to support the company’s aggressive Bitcoin acquisition.ETFs in Spotlight: U.S. Bitcoin spot ETFs have attracted significant inflows recently.Bitcoin’s Market Dominance Climbs to 60%: Reflecting reduced activity in altcoins.Ripple’s Legal Update: Ripple is ordered to pay $125 million in its ongoing case with the SEC. Analysis This mixed performance, with Bitcoin dominance rising, could signal increased caution among investors. The anticipation around the U.S. election and potential shifts in monetary policy might drive near-term market sentiment. 4o
Heck yeah!!!!!! Recovered the money ( and earned some) from the short, new lesson learnt: If you are free, that does not mean you need to take a trade. #NFA✅ #NovemberMarketAnalysis #USEquitiesRebound
Nicofi
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Buying $GRT here for a #margincall swing
EP1: 0.154 EP2: 0.149 SL: 4h closing below the given trend lines ( will short the balls out if it than) TP1 : 0.1916 TP2: IF the market feels right maybe I close the leverage and ride it out
Q3 GDP Slowdown: Is the U.S. Economy Gearing Up for a Soft Landing?
The U.S. economy's recent Q3 performance showed a steady 2.8% GDP growth rate—just shy of the 3% forecast. The report highlights strong consumer spending and robust government investment as key contributors, showing signs of economic resilience that may point toward a “soft landing.”
Key Takeaways:
GDP Growth Rate
Actual vs. Expected: The 2.8% growth rate came in slightly below the expected 3%.What’s Driving Growth? Consumer spending increased by 3.7%—its strongest performance since early 2023—alongside heightened government expenditures.
Personal Consumption & Inflation
PCE Index Downtrend: Q3’s PCE inflation gauge rose by 1.5%, down from Q2's 2.5%. This drop hints that inflation may be easing, potentially reducing the pressure for further Fed rate hikes.Monthly PCE Insights: September’s PCE data, due tomorrow, is expected to provide more insights into consumer spending trends.
Labor Market Health & Job Data
JOLTS Job Openings: Job openings in September fell to 7.44 million, down from 7.89 million in August. While lower than expected, this signals a cooling labor market without significant layoffs—consistent with the “soft landing” narrative.Impact on Fed Decisions: The lower PCE inflation rate and recent job data bolster the belief that the Fed may consider an interest rate cut by year-end.
Why This Matters for Crypto
A softer economic landing can boost investor confidence, keeping risk assets like Bitcoin and altcoins more attractive as traditional markets stabilize.
With the Fed likely to ease rates, liquidity may increase, offering further support to the crypto market. However, upcoming employment and inflation reports will be critical in shaping the final outlook.
EP1: 0.154 EP2: 0.149 SL: 4h closing below the given trend lines ( will short the balls out if it than) TP1 : 0.1916 TP2: IF the market feels right maybe I close the leverage and ride it out
The Ripple Effect: How U.S. Employment Data Impacts Cryptocurrency Markets
Introduction: October’s ADP report highlighted a sharp rise in U.S. private sector jobs (233,000 vs. 115,000 expected). This development is crucial for understanding potential shifts in the cryptocurrency landscape, as labor market strength can influence interest rates, inflation expectations, and overall liquidity. $BTC Main
Analysis: Employment Data and Federal Reserve Policy: Higher-than-expected employment growth can pressure the Federal Reserve to adjust interest rates, i
So I took the trade, forgot to put SL, forgot that I took the trade and just saw that it reached the target price. Sometimes god is with me lol.
Nicofi
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Double top on $TIA , should have taken it before the #TIATokenUnlock , but will take the short only and only after checking the daily closing or 4h closing, if it is clean.
NYSE Arca Files to List Grayscale’s Diverse Spot Crypto ETF Amid Growing Market Demand
NYSE Arca recently filed a request with U.S. regulators to list a new type of exchange-traded fund (ETF) from Grayscale that could mark a significant expansion in the crypto ETF space. This proposed Grayscale Digital Large Cap Fund ETF holds a diversified basket of spot cryptocurrencies, setting it apart from others in the market that primarily focus on individual assets like $BTC or $ETH .
Grayscale’s Diversified Crypto Fund The Grayscale Digital Large Cap Fund, originally launched in 2018,
MANTRA Partners with Google Cloud as Primary Validator for New Layer 1 Mainnet
MANTRA has announced a strategic partnership with Google Cloud, naming it the primary validator for MANTRA’s new Layer 1 (L1) mainnet.
This collaboration enhances MANTRA’s infrastructure, boosting security and credibility as it expands its Web3 ecosystem, supporting blockchain-based assets and staking opportunities for its user base.
Key Partnership Highlights:
Google Cloud as Validator: As validator for MANTRA’s L1 mainnet, Google Cloud strengthens network security, providing a solid foundation for tokenized real-world assets (RWAs) and OM token staking.
Integration with Google Cloud Web3 Portal: MANTRA will launch a testnet on Google Cloud’s Web3 Portal, allowing developers to build within the L1 ecosystem and receive OM tokens as rewards. This portal gives developers access to MANTRA’s resources and network.
Support from BCW Group: MANTRA has partnered with BCW Group to ensure smooth implementation, leveraging their Web3 infrastructure expertise within Google Cloud to reinforce MANTRA’s technical and developer support.
Mainnet’s Tokenized Assets Support: MANTRA’s mainnet now supports on-chain RWAs, offering users exposure to tokenized assets, broadening mainnet functionality, and bridging blockchain with real-world finance.
CEO’s Vision and OM Token Migration:
CEO JP Mullin called the Google Cloud partnership a major milestone, adding industry credibility to blockchain asset management. Following the mainnet launch, MANTRA migrated the OM token from Ethereum’s ERC-20 to MANTRA Chain, aiming to strengthen its ecosystem. Despite recent market challenges, MANTRA remains optimistic about long-term growth due to these strategic advances.
So this is done!!!!!!!!!!!!!!!!!!!!! This is officially a bull run. $BTC was forming a giant cup and handle since OCT 2021 , and it just brokeout on the daily chart, BTC bull run is now started.
Still haven't bought altcoins?
Here are a few things you can do :
- $btc.d or Bitcoin dominance is going to be on historical levels, that means altcoins will either go dry and fall or stay a the same price range they are right now, so start doing DCA. - There is going to be a pull back , well mostly for retesting the handle ( refer to the picture below) Buy then The only problem is, alt season can occur while the retest. - If you are going to convert BTC into altcoins convert them when fear and greed is 90ish
The global cryptocurrency market cap has risen to $2.31 trillion, marking a 1.47% increase over the past day. $BTC is up 4.44%.currently trading at $71,330, with a 24-hour range between $68,239 and $71,588.
Many major cryptocurrencies are trading higher, with standout gains from $SANTOS (+57%), $PROS (+31%), and $Alpine(+17%).
Key news highlights include:
- Bitcoin requires a surge in demand to surpass $70,000 amid sell walls and election-related uncertainty.
- BTC exceeded $70,000 as the U.S. election nears #CryptoPreUSElection , with Trump’s pro-crypto stance boosting confidence.
- Bitcoin and Ethereum approach historical highs. Other notable movers: