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Mark Cuban Says Trump Re-Election Won’t Impact Bitcoin Price, ‘Dogecoin Killer’ Shiba Inu Burn Rate Increases, and More: This Week in Crypto
This past weekend was a roller coaster ride for the cryptocurrency market. From Cuban MarkBitcoin’s controversial outlook on the unexpected market surge after the massive Bitcoin crash in Germany, the cryptocurrency world was buzzing. Let’s dive into the key stories that shaped the weekend.
Mark Cuban: Trump’s Re-election Won’t Have a Direct Impact on Bitcoin Price
Billionaire Investor Cuban Mark stirred the pot on Wednesday by suggesting that a potential re-election of former President Donald Trump would not directly impact the price of Bitcoin. Cuban believes that while a Trump presidency could make it easier for cryptocurrency businesses to operate due to expected changes at the Securities and Exchange Commission (SEC), it would not be the primary factor determining Bitcoin’s value. Read the full article here.
Bitcoin, Ethereum, Dogecoin Continue to Gather Gains
Cryptocurrency markets have seen a surge over the past weekend, with long liquidations hitting their highest levels in over a week. Experts suggest that if history repeats itself, September and October could be explosive months for these cryptocurrencies. Read the full article here.
See also: Dogecoin’s 14% ‘Post-Halving’ Rally Continues: Here’s When the Real Turning Point Will Come
The Inappropriate Dumping of Bitcoin in Germany
The German government’s decision to sell nearly 50,000 Bitcoins recovered from asset seizures over the past three weeks has led to significant downward pressure on the price of the digital currency. Interestingly, the market saw an unexpected surge immediately after the sale of the last tranche of the government’s Bitcoin holdings. Read the full article here.
Shiba Inu Burn Rate, ‘Dogecoin Killer’, Increases, Price Drops
Despite being under pressure from a hack of Indian cryptocurrency exchange WazirX, Shiba Inu SHIB/USD still showed positive fundamental indicators on Thursday. Shiba Inu’s marketing manager announced that its game Shiba Eternity will be fully integrated with the Shibarium blockchain, adding value to the Shiba Inu ecosystem. Read the full article here.
Bitcoin, Ethereum, Dogecoin Tumble as Trump Presidency Odds Dim
The cryptocurrency market fell on Thursday as the odds of a victory for pro-cryptocurrency presidential candidate Donald Trump diminished in prediction markets. Bitcoin tumbled from $65,000 to $63,500 during morning trading hours, dashing investors’ hopes of a rally to a new all-time high anytime soon. Read the full article here.
Read also: ‘Dogecoin Killer’ Shiba Inu Braces for ‘Inevitable Rally’ as Burn Rate Soars 297% in Single Day
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