It's been a busy day in the world of finance and cryptocurrency. Bitcoin surged past $20,000 again, while Ethereum and Shiba Inu are also up sharply. FTX Ventures plans to take a stake in Scaramucci's SkyBridge Capital, and the European Central Bank made its biggest rate hike ever. In stock market news, the Dow jumped more than 300 points as US stocks broke a 3-week losing streak. Meanwhile, Dogecoin creator claims Mark Cuban is running a crypto 'grift.' Read on for all the latest news and updates.
Bitcoin jumps more than 10% as risk appetite ramps up on a pullback in the US dollar from 20-year highs
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Outline
- Bitcoin prices surged past $20000 as investors sought safe havens from a weakening U.S. dollar.
- FTX Ventures plans to take a 30% stake in SkyBridge Capital, the hedge fund founded by Anthony Scaramucci.
- When bitcoin prices plunge, the online community known as Buttcoin cheers. They're praying for crypto's death.
- Bitcoin prices jumped more than 10% as risk appetite ramped up on a pullback in the US dollar from 20-year highs.
- The Dow Jones Industrial Average rose more than 300 points as US stocks broke a 3-week losing streak after the dollar fell from recent highs.
- Dogecoin creator Jackson Palmer claims that Mark Cuban is running a crypto "grift." He seems to have "drunk the Kool-Aid."
- The European Central Bank raised rates for the first time in nearly a decade. Here's what it means, why it happened, and what comes next.
- Stock market news live updates: Stocks extend gains into third day, oil prices rise.
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- Merriam-Webster just added a bunch of internet slang to the dictionary.
- Bitcoin miners are struggling to cope with the crypto winter.
- Why crypto miners Hut 8, Riot Blockchain, and Bitfarms are surging today.
- Why shares of Bitcoin, Ethereum, and Shiba Inu are surging today.
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- The Fed's aggressive rate hikes will hurt poor nations facing climate catastrophe.
- Bitcoin prices neared $20,000 as other cryptocurrencies like Solana, Polkadot, and Avalanche gained up to 7%.
- Fake websites are posing as crypto exchanges to drain victim wallets.
- Bitcoin's "inflation hedge" case is dead; crypto leader heading to $12k.
- Can markets end their three week losing streak?
- How Bitcoin adoption can address emigration from emerging markets to low-skilled jobs in the United States, Europe, and the Middle East.
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- What investors miss about the price of gold, and where we stand today.
- How one man lost $1 million to a crypto "super scam" called pig butchering.
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