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U.S. Treasury Secretary Scott Bessent Praises Bitcoin's Resilience

U.S. Treasury Secretary Scott Bessent celebrated Bitcoin's resilience on the anniversary of its white paper, praising its continuous operation and contrasting it with the current governmental gridlock in Washington. His comments came during a partial federal shutdown that affected approximately 900,000 workers. Bessent’s remarks suggest a potential policy shift, advocating for increased engagement with cryptocurrencies, including backing stablecoins and exploring a Strategic Bitcoin Reserve. His post sparked discussions within the crypto community, with reactions ranging from support for his stance to criticisms regarding Bitcoin's technical vulnerabilities. The ongoing dialogue reflects broader debates about the role of cryptocurrencies in fiscal policy, particularly amid governmental inefficiencies, positioning Bitcoin as a stable alternative. This anniversary, marking the release of Satoshi Nakamoto's white paper, emphasizes Bitcoin's design's longevity and independence from traditional financial systems.

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Bitcoin's Seasonality: ‘Uptober’ Disappointed; ‘Moonvember’ Hype Starts Building Up

Recent analysis indicates that November may be Bitcoin's strongest month, with an eye-catching average gain of 42.5% since 2013, although this number is skewed by a remarkable 449% spike in 2013. The median return for November is a more modest 9%, suggesting significant variation in performance across

Bitcoin's Seasonality: ‘Uptober’ Disappointed; ‘Moonvember’ Hype Starts Building Up

Bitcoin's recent performance in October known as 'Uptober' was disappointing, breaking a six-year trend where the month usually ends positively. Analysts observed that October closed down 8.5%. In contrast, November, dubbed 'Moonvember', has seen an average gain of approximately 42.5% since 2013,

Bitcoin's Seasonality: ‘Uptober’ Disappointed; ‘Moonvember’ Hype Starts Building Up

Bitcoin's performance in November has become a subject of discussion among analysts, particularly following a disappointing October. Analyst Lark Davis asserts November is Bitcoin's strongest month, averaging a 42.5% gain, though this figure is skewed by an extraordinary 449% increase in 2013. The median gain

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