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Bitcoin News Roundup for July 9, 2020
With bitcoin headed back up and Brazil's real hitting new lows, CoinDesk's Markets Daily is back!
Updated Sep 14, 2021, 9:29 a.m. Published Jul 9, 2020, 4:08 p.m.
With bitcoin headed back up and Brazil's real hitting new lows, CoinDesk's Markets Daily is back with another news roundup.
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This episode is sponsored by Bitstamp and Crypto.com.
Today's stories:
Bitcoin Option Traders Bet on Bullish Move Following Volatility Squeeze
While bitcoin's range play continues, options traders look to be betting on a big move to the higher side soon.
Only 23% of Hodlers Have a Crypto Estate Plan: Survey
The late Gerald Cotten wasn't the only investor who failed to make a plan for his crypto, according to a survey by the Cremation Institute.
Brazil's Ailing Economy Is Helping Dollar-Pegged Stablecoins Find Traction
Brazilian crypto users are increasingly turning to USD-pegged stablecoins as the country's real sinks to record lows against the dollar.
Get Off the Cloud With Start9's Private Internet Kit
Start9 Labs’ Embassy server sets up its own private internet network and comes with its own operating system. We tried it.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
Що варто знати:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
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