Bitcoin, Dogecoin, Ethereum Funding Hamas Terror, Peter Schiff's Skepticism On Bitcoin ETF And More: This Week In Crypto
Portfolio Pulse from Benzinga Neuro
The US and Israel are escalating efforts to curtail cryptocurrency transfers to Hamas, implicating Bitcoin, Dogecoin, and Ethereum as funding streams. Investor Peter Schiff expressed skepticism about the demand for a new Bitcoin ETF. Crypto analyst Bluntz predicted a major Solana breakout. Dogecoin co-creator Billy Markus expressed hopes for a significant Bitcoin price surge, while another analyst predicted a potential rise for Dogecoin to $1 in the next year.
October 29, 2023 | 10:20 am
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POSITIVE IMPACT
Crypto analyst Bluntz predicts a major breakout for Solana.
Crypto analyst Bluntz's prediction of a major breakout for Solana could potentially drive the price up.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Dogecoin is implicated in funding Hamas, and an analyst predicts its price could rise to $1 in the next year.
While Dogecoin is implicated in funding Hamas, which could lead to regulatory scrutiny, an analyst's prediction of a price rise could balance out the impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Ethereum is implicated in funding Hamas, but an analyst predicts a potential rally.
While Ethereum is implicated in funding Hamas, which could lead to regulatory scrutiny, an analyst's prediction of a potential rally could balance out the impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
US and Israel are targeting Bitcoin transfers to Hamas, which could lead to increased regulatory scrutiny.
The news about the US and Israel targeting Bitcoin transfers to Hamas could lead to increased regulatory scrutiny and potentially impact the price negatively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80