CMC Daily, Nov. 9: What's Next for Bitcoin?!
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CMC Daily, Nov. 9: What's Next for Bitcoin?!

3 Minuten
2 years ago

Find out why breaking through $70,000 might be a little bit challenging. Plus, why are "hostage-style" videos about Bitcoin appearing on Instagram?

CMC Daily, Nov. 9: What's Next for Bitcoin?!

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Bitcoin Hits Record High! 💰🤗💰

It's HAPPENING people. Bitcoin broke through $67,000 late on Monday night. For a brief time, every single BTC owner was sitting on a profit. Wow. BTC later raced to $68,530, but has since pulled back by about $1,000. There are some challenges ahead. For bulls, the next priority will be tackling the stubborn "sell wall" that lies at $70,000. Here's the latest.

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'Hostage-Style' BTC Vids on Instagram 🥺

Hackers are overtaking Instagram accounts — and forcing victims to film clips promoting get-rich-quick Bitcoin schemes. According to Motherboard, these "hostage videos" are then shared to their friends and family, meaning they risk losing money. The website spoke to two victims who are yet to regain access to their social media profiles. Find out more.

Robinhood Suffers BIG Data Breach 🚨

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DeFi lender BlockFi has filed for permission to launch a physically backed Bitcoin ETF. It comes as the SEC prepares to issue its first ruling on one of these exchange-traded funds on Sunday. A number of analysts are predicting that VanEck's application won't be approved. For now, investors have to make do with ETFs that are backed by Bitcoin futures. The latest.
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