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Bank of America Upgrades Coinbase
🏦 Bank of America (BAC) has upgraded Coinbase (COIN) from underperform to neutral. This decision follows positive trends in the crypto market, resulting in increased market capitalization and trading volumes.
👀 Consequently, Coinbase shares rose by 2.5% in pre-market trading, reaching approximately $204. Improved expense discipline and diversification at Coinbase are expected to boost earnings further.
🌎However, risks remain due to regulatory issues (including the ongoing lawsuit with the SEC) and potential competition from the Chicago Mercantile Exchange (CME) entering the spot bitcoin trading market.
🌎Crypto news
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Buying some #NEAR at this level
The price has broken through the trend line and $7.8 resistance. This consolidation above looks positive.
Must continue growing from there.
🌎Crypto news
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An American mining company has opened a data center in Argentina to mine bitcoin using energy from 🔥 burning associated gas.
This would power 1,200 ASIC miners from a thermal power plant, which would burn gas that would have been burned anyway, and its heat would wastefully heat the atmosphere, exacerbating the 🌳greenhouse effect.
We previously reported that the coal company 🔨 mined 425 BTC, also using its own surplus energy. It seems that green mining is becoming a trend.
🌎Crypto news
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Bitcoin has established a local bottom at $56,500 and may reach $150,000 by the end of this year - Standard Chartered
💪 The situation has improved, with Bitcoin possibly having established a low at $56,500, according to Standard Chartered.
🤷 Experts have revised their previous forecast, which anticipated a drop to the $50,000-$52,000 range.
📈 They have confirmed a target of $150,000 by the end of the year and $200,000 by the end of 2025.
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00:21
Video unavailable
We call to our Investors!
Just one step: From purchasing NFTs to creating and co-founding the bank of the future: TLVD Trusty Bank!
Closed listing by founders from May 9, 2024!
Open sale of NFTs on the DeFi marketplace OpenSea begins on June 10, 2024!
UNION IS STRENGTH!
+372 5837 7377
https://tlvd.uk
https://opensea.io/collection/tlvd
https://t.me/nftttbank
27700