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

U.S. Treasury Secretary Scott Bessent marked the 17th anniversary of the Bitcoin white paper on October 31 by commending the cryptocurrency's resilience. In a post on X, he contrasted Bitcoin's continual operation with the ongoing partial federal government shutdown, suggesting that lawmakers could learn from its reliable operation. Bessent's comments highlighted Bitcoin's success as a decentralized network operating continuously since January 2009 without downtime, emphasizing its independence from political gridlock. He also referred to past policies, including support for stablecoins and the exploration of a Strategic Bitcoin Reserve, signaling the Treasury's ongoing interest in incorporating digital assets into financial strategy. Bessent's remarks sparked a discussion within the crypto community, with mixed reactions regarding Bitcoin's stability and the calls for policy actions aimed at leveraging Bitcoin as a reserve asset amid government fiscal challenges.

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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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