Bitcoin has risen 129% so far this year, mainly driven by the results of the 2024 US Presidential Election and the April 2024 halving event. Bitcoin's dominance is declining despite its price rise. On November 30, 2024, Bitcoin's dominance fell to 56.1%. This suggests that Bitcoin investors are taking profits and rotating to counterfeit products, and the counterfeit products season may be about to begin.
1. Goldman Sachs: Bitcoin is up more than 40% so far this year, but gold is winning in terms of risk-adjusted earnings. 2. Matrixport: Mining stocks are expected to rebound after bitcoin's halving. 3. Crypto.com confirmed receipt of Wells' notice from the US SEC and has filed a lawsuit with the SEC. 4. Bitcoin mining companies' revenue continued to decline in September as the network hash rate rose. 5. The cryptocurrency promoted by US rapper Cardi B has been traced to the origin of the fraud. 6...