Bitcoin News
By Sakamoto Nashi
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Warsh's Speech Could Swing Bitcoin $20,000 Either Way. The math on the rate side isn't pretty for bulls right now.
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ASDeFi's Cloud Mining Pitch. That's basically the opening ASDeFi is working with.
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Bitcoin just hit $77,000. That's a 22% jump, and it happened fast enough to rattle even seasoned traders who've seen these moves before.
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The timing is complicated by what's happening in Jackson Hole. The Economic Policy Symposium, running August 27 through 29, is putting digital payments and fintech front and…
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The math on the rate side isn't pretty for bulls right now. Markets are pricing in roughly a 30% chance of a 25-basis-point hike come September.
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And the speech lands before the September 16 interest rate decision, which means Warsh's tone probably sets the table for how that decision gets read by crypto markets.
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Bitcoin's rally itself — from $62,000 to $77,000 in five days — is the kind of move that makes direct buying feel both exciting and terrifying at the same time.
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That's basically the opening ASDeFi is working with. The platform pitches cloud mining as a way around the timing problem entirely.
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Related: Bitcoin Surges 25% to $77K Following Treasurys $14 Billion Bond Buyback Surprise
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New users get a $15 bonus on registration. From there, the platform offers multiple hashrate contracts with different return structures, built to fit different budget levels.
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The pitch is pretty straightforward: steady accumulation over time, without the pressure of calling a market top or bottom. It's a different risk profile than direct trading.
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That probably appeals most to investors who looked at the $62,000-to-$77,000 move and felt like they missed it, or who are sitting on cash and can't stomach buying after a 22% run.
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The platform's contract variety also means investors can start small and scale, which matters when nobody's sure whether $77,000 is the beginning of a push toward $90,000 or the…
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See also: Bitcoin Surges as $3 Billion in Short Bets Liquidated, $126K Target Set
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Warsh speaks August 28. The CLARITY Act vote follows on September 15. The rate decision lands September 16.
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