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Crypto Today: Bitcoin, Interest Rate, and Mining News

In today's crypto news, Peter Schiff warns that Bitcoin's transfer from long-term holders to less stable investors, termed 'weak hands,' could lead to more severe downturns in the market. He emphasizes that the rising inflow of Bitcoin to exchanges suggests a possible impending bear market. Meanwhile, a solo Bitcoin miner made headlines by earning 3.146 BTC, valued at approximately $266,000, using only a hash rate of 1.2 TH/s, a feat deemed extremely unlikely in the current mining landscape dominated by larger operations. This miner's win highlights the unpredictable nature of mining rewards. Additionally, optimism in the Bitcoin community surged with the nearly doubled odds of a US Federal Reserve interest rate cut in December, influenced by recent dovish comments from the New York Fed president. The current Bitcoin price stands at $85,071, marking a decline of over 10% just this week. Analysts are hopeful that a rate cut could stabilize Bitcoin's downward trajectory.

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Grayscale Calls Chainlink ‘Essential Infrastructure’ for Tokenized Finance in New Research

Grayscale's recent report highlights Chainlink as critical infrastructure for the burgeoning market of tokenized assets, which is currently valued at approximately $35 billion. The report emphasizes Chainlink's various services, such as real-world data feeds and blockchain interoperability, which facilitate wider adoption of blockchain-based finance. Chainlink is

Crypto Today: Bitcoin, Interest Rate, and Mining News

Today in the crypto sector, notable events include an alarming warning from Peter Schiff regarding Bitcoin's market stability, stating that the transition of Bitcoin from long-term holders to 'weak' hands could lead to more severe future downturns. Meanwhile, an unusually lucky solo Bitcoin miner managed to

Bitcoin OG's selling to 'weak' hands will deepen selloffs: Peter Schiff

Peter Schiff, a gold investor and economist, warns that the transfer of Bitcoin from long-term holders, or 'OGs', to 'weak' hands will exacerbate future market drawdowns. He emphasizes that the current liquidity in the Bitcoin market marks an IPO moment, and the increased float due to

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