- Midas Crypto
- Posts
- 🌙 Bitcoin Touches $77K
🌙 Bitcoin Touches $77K
The crypto market rallied for a fifth consecutive day, buoyed by Donald Trump’s election win and the Federal Reserve’s latest interest rate cut.
Mike Gavela
November 08, 2024
In partnership with
Crypto Roundup - November 8
Following President Trump’s recent election victory, the financial landscape is witnessing significant developments. The Federal Reserve has cut interest rates by 25 basis points, coinciding with Bitcoin’s price surge to new record highs. Anticipation builds for Fed Chair Jerome Powell’s first speech since Trump’s win. Meanwhile, Senator Cynthia Lummis has announced the formation of a strategic U.S. Bitcoin reserve, aimed at fortifying the nation's financial resilience. On a related front, former FTX executive Gary Wang is reportedly working on a crypto fraud detection initiative, a project emerging in response to heightened regulatory scrutiny in the crypto sector.
Top Stories
Fed cuts rates by 25 basis points, boosting Bitcoin's market performance.
Senator Cynthia Lummis unveils plans for a U.S. Bitcoin reserve for strategic financial security.
Former FTX insider Gary Wang is developing a crypto fraud detector amid rising regulatory pressures.
SPONSORED BY
DECENTRALAND
Experience the all-new Decentraland
Explore the future of Decentraland with the new Desktop client, now available on Mac and Windows. Enjoy smoother performance, more immersive environments, upgraded avatars, new social features, daily quests with mini-games, and more. Dive in to unlock new badges and experience Decentraland like never before.
TOP STORIES
FUNDRAISING
🚨 We are proud to announce that @BinanceLabs has invested in BIO to help fuel the next generation of BioDAOs 🧪
It's time to accelerate science, anon
— BIO Protocol (@bioprotocol)
2:14 PM • Nov 8, 2024
GM Sailors! ⚓️
We’re beyond excited to share that we’ve successfully closed an $8M seed round! 🚀 With the support of @hack_vc and @FactionVC, we’re set to drive Web3 mass adoption through a full-stack parallel Layer 1 protocol that fuses trustless innovations.Our mission? To… x.com/i/web/status/1…
— Pharos (@pharos_network)
6:05 PM • Nov 8, 2024
OTHER HEADLINES
CRYPTO TWITTER (X)
My house had just been raided when @twobitidiot called asking me to publicly endorse @realDonaldTrump. It felt like a risky move at the time given the open lawfare but it soon became apparent that our industry and nation were at stake and I had no choice. It was win or die. Thank… x.com/i/web/status/1…
— Jesse Powell (@jespow)
8:42 PM • Nov 8, 2024
48 out of 48 candidates backed by crypto's biggest PAC were declared winners as of Friday morning.
đź’Ż
— matthew sigel, recovering CFA (@matthew_sigel)
8:11 PM • Nov 8, 2024
IMO, we're in the 7th inning of bull market. The first 1/3 of the last 1/3. Strong hand positioning (recent buyers are positioning for 6-12 month rally, more 'institutional' than retail speculative.) I expect this to produce a fairly "gradual" rally during this phase, maybe… x.com/i/web/status/1…
— Ari Paul ⛓️ (@AriDavidPaul)
5:37 PM • Nov 8, 2024
SHARE!
Love our newsletter? Share it with your friends, family, colleagues, interns who need to stay on top of the crypto markets! Join over 60,000 investors and crypto degenerates who read Midas Crypto daily!