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Bitcoin Hits New High, Fed Cuts Rates, and UK Backs Digital Asset Bill | Daily Crypto Alpha | November 8th 2024


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Keep yourself updated on all things crypto with our Daily Crypto Alpha.

 

In this daily we cover:

Bitcoin surged to a record $76,849 as the Fed announced a 0.25% rate cut, though Powell indicated future cuts may slow. The UK House of Lords voiced support for the Digital Asset Property Bill, and Coinbase prepares to list Swell (SWELL). Meanwhile, Biden assured a smooth transition for Trump’s administration, with Dan Gallagher from Robinhood considered for SEC chairman. 


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