Daily Archives: December 4, 2023

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Crypto stocks increases as bitcoin hits latest 2023 peak

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Cryptocurrency stock listed in the United States increased on Monday seem to extend their power November gains as bitcoinc drives $42,000 to aim a latest peak for the year.

The Federal Open Market Committee plan for December 12-13, 2023 holds very value in the fiscal markets. Before this conference Federal Reserve Chairman Jerome Powell show a important position regarding strict policy to control inflation with 2% goal, interest rate fixation.

Shares of companies whose wealth are attached with cryptocurrency have increase in recent days, optimistic about interest rate decrease in the United States and businesses on the approval of US stock market traded bitcoin funds.

Halving is a method created to slow the release of bitcoin and bitcoin values have rallied by following halvings.

The ProShares Bitcoin Strategy ETF, which follow bitcoin future hike 7.7% and seemes set to tied an over one year highe. ProShares Short Bitcoin Strategy ETF permit traders to bet on a fall in bitcoin futures down 7.7%.

The revival in bitcoin value is a reflection of rising investor confidence in digital currency in background of financial sector and macroeconomic situations.

Latest rally has rise bitcoin more than 150% so far in 2023 huge performance since 2020.

Inspite of latest rally companies investor remain very protective as outflows of $113 million from bitcoin sector last week. The latest market position indicates that this bull run is mainly helped by individual investors ranging from retailers to large scale holders.

Investor trust increase on cryptocurrencies and peer assets had been risen this year. In 2022 more than a one trillion dollar exit from the sector due to collapses in 2022 high profile.

Bitcoin latest rise is a different to its all time hike of $69,000 in 2021. The difference in valuation due to cyclical behaviour of bitcoin due to halving event.This event huge impact on bitcoin supply and record tells it has been observed to proceed price hike due to the decreased price of new bitcoin in circulation.

Bitcoin investor Microstrategy MSTR.O which bought bitcoins more than $ 593 million previous month gain 8.2%. Conibase rises 7.5%.

Bitcoin miner Riot Platforms, Marathon Digital and Cleanspark rises between 10.3% and 18.8% .

The forthcoming report on inflation rates from the US bureau of labor satistics due on December 12 influencing the Fed decisions. A decrease in inflation can move to a bitcoin valuation, market direction and rate decrease.

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Washington event to honor best artists including Billy Crystal, Queen Latifah

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Hollywood A list star gather once in a year in the US capital to celebrate their icons. Multiple music star addition to comedian were set to give capital a lightening sunday. Celebrating the arts on sunday evening in the presence of Joe Biden for the yearly Kennedy Center Honors.

This year they consist of soul legend Dionee Warwick, sole surviving Barry Gibb, Bee Gee, soprano Renee Fleming, rap legend Queen Latifah and famous actor crystal.

Queen Latifah at age of 53 has performed 3 times at the Kennedy Center Honors for her companions Babra Streisand, Tina Turner and LL cool J.

The Grammy winner Latifah singer and actress, rapper whose title also consist of producer “Al Hail the Queen” in 1989. It set the base for her mindblowing career in hip hop and superb success in producing and acting field.

Th annual gala at the Kennedy Center Washington performing arts complex that serves as a living monument to late president J.F. Kennedy will view the top members from every section of life including US President Biden.

Grammy winning opera mega star Fleming considered as one of the highest world sopranos has a long record of joining with the Kennedy Center and has helmed highest position the world over.She will get tonight honor to her laundry list of accolades, such as France Chevalier de la Legion d Honneur.

Now 77, Gibb speaks about late brothers that “if you are just a group and you make records you are not going to survive. You will have your time and then you are done.”

Disco king Gibb the Bee Gees are popular for soundtracking the movie “Saturday Night Fever” with “Stayin Alive” “Night Fever” accepts the honor writing more than a hundreds of song. Gibb wrote a top hits consist of the theme to “Grease” “Islands in the Stream” and “Heartbreaker” which fellow inductee Warwick performed to acclaim.

when will the kennedy centers honors be televised

Edited program will show on December 27 on the US network CBS and on the streaming service Paramount +.

Gloria Estefan receive a Kennedy Center Honor in 2017 will host the gala for 3rd time.

The 82 year of age Warwick whose top list consist of “Dont Make Me Over” “I say a little Prayer” receives the award. .

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