Day: 7 April 2025

Ethereum price falls to 2-year low, but pro traders still have hope

coiner

Ether (ETH) price dropped to $1,410 on April 7, marking its lowest level since March 2023. This sharp decline triggered liquidations of leveraged ETH futures worth over $370 million in 2 days, according to CoinGlass data. However, the altcoin managed to recover above the $1,500 mark as the S&P 500 index reclaimed its psychological 5,000 support level. Ether/USD (blue) vs. total crypto market capitalization (magenta). Source: TradingView / Cointelegraph Over the past 30 days, Ether has underperformed the broader cryptocurrency market by 14%. Despite this, professional traders are not yet…

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An Excerpt From The Satoshi Papers: A Nation Of Individuals?

coiner

It is the prospect of the sovereign individual that seems to most trouble the nation-state today. This odd threat perception has been the outgrowth of a political genealogy that, in the generations since the American Revolution, has increasingly come to equate the state with society while constellating the individual as the enemy of both. This equation would have been profoundly disconcerting to the founders of the American republic, who called forth a new national project precisely to preclude the abuses of an entrenched and predatory overclass—an aristocracy—that deemed itself the…

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Schiff Urges China to Crash Dollar, Buy Gold Amid Trade War

coiner

Peter Schiff has suggested that China resolve its trade deficit with the U.S. by dumping its U.S. Treasuries and dollars, then using the proceeds to buy gold to back a revalued yuan. Schiff: Dumping U.S. Debt Would Benefit Chinese Consumers Economist Peter Schiff has urged China to resolve its trade deficit with the United States […] Source link

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