## The Impact of Rate Cuts on Bitcoin

With discussions around potential **rate cuts** looming, many investors are wondering how this could influence the **Bitcoin market**. Lower interest rates typically lead to increased liquidity, which can drive more investments into **cryptocurrencies**.

### Why Bitcoin Might Benefit
- **Increased Demand:** As traditional savings yield lower returns, investors may turn to **Bitcoin** as a more attractive asset.
- **Inflation Hedge:** With fears of inflation rising, Bitcoin's role as a **store of value** could become even more pronounced.
- **Market Sentiment:** A rate cut often correlates with a bullish market sentiment, which can positively affect Bitcoin prices.

### Conclusion
While the exact outcome of potential rate cuts remains uncertain, the implications for Bitcoin could be significant. Investors should keep a close eye on future **monetary policy decisions** as they navigate the cryptocurrency landscape.

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Could a Rate Cut Propel Bitcoin to New Heights? Insights on Potential Benefits

### A Paradox of American Hegemony
Jean Baudrillard’s 1986 travel diary of his time in Reagan’s America describes a paradox about the nature of late-century American hegemony. He noted that American power seemed to lack a guiding genius, instead being uncontested and incontestable. Today, however, **American adversaries abound**, particularly in the **Indo-Pacific region**.

### The Limp Response to the Coup
The recent coup in South Korea has shown a stark lack of strategic rationale from the Biden administration. The response has been tepid, with the State Department merely asserting that the alliance with South Korea is "ironclad". Meanwhile, President **Yoon Suk Yeol**'s self-coup appears chaotic and lacks support even from his own party, relying instead on military backing.

### The Political Crisis
The coup's driving force is rooted in a **political crisis** triggered not by elite conflict but by a scandal involving a **Dior handbag** accepted by Yoon’s wife. His failed bid for martial law, lacking parliamentary support, resulted in a swift reversal by morning, leaving his political future in jeopardy.

### Implications for Biden’s Indo-Pacific Policy
This coup is a fitting climax to Biden’s Indo-Pacific strategy, which prioritized **detente with China** over democratic values. The Biden administration's key achievement has been the trilateral pact with Japan and South Korea, aimed at countering China, despite Yoon's evident disregard for democracy.

### A New Normative Standard
Under both the Trump and Biden administrations, alignment with **American revisionism** has become paramount, often overshadowing adherence to a rules-based order. Yoon’s anti-democratic tendencies were tolerated as part of a broader strategy to counter China, illustrating a shift in foreign policy priorities.

### Conclusion
The events in South Korea mark a significant moment in the Biden administration's foreign policy, showcasing the tensions between **democratic values** and strategic interests in a rapidly changing geopolitical landscape.

Joe Biden’s Indo-Pacific policy of pursuing detente against China at all costs—included embracing Yoon, whose anti-democratic affect has always been clear

Biden's Foreign Policy in Crisis: The South Korean Coup and Its Implications

Bitcoin's **fiery resurgence**, rallying over **38%** in the past month, has ignited interest in cryptocurrency miners **Riot Platforms Inc** (NASDAQ:RIOT) and **Marathon Digital Holdings Inc** (NASDAQ:MARA).  

Both stocks have achieved a **Golden Cross** — a significant technical milestone indicating bullish momentum among traders.  

## Riot Platforms: Catching The Bitcoin Wave  
Riot Platforms has surged **35%** in the past month, bouncing back from a tough year. The stock currently trades at **$12.14**, exceeding both its **50-day SMA** of **$10.18** and **200-day SMA** of **$10.18**, signaling strong bullish sentiment.  

Key technical indicators support this optimism: the **MACD** shows a bullish signal at **0.52**, and the **RSI** stands at a healthy **54.09**, indicating potential for further upward movement. However, the stock faces near-term resistance at its **20-day SMA** of **$12.33**.  

![Riot Platforms Chart](https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/04090459/Screenshot-2024-12-04-at-5.45.35-PM.png)  

## Marathon Digital: A Marathon, Not A Sprint  
Marathon Digital's stock has soared **62%** over the last month, benefiting from Bitcoin's strength. Currently trading at **$25.13**, it significantly outpaces its **50-day SMA** of **$19.28** and **200-day SMA** of **$19.40**. The **MACD's** bullish signal at **2.09** indicates strong upward momentum, while the **RSI** at **58.41** suggests room for more gains.  

However, Marathon's shorter-term trend indicates potential turbulence, with the stock trading slightly below its **eight-day SMA** of **$25.84**.  

![Marathon Digital Chart](https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/04090517/Screenshot-2024-12-04-at-5.45.49-PM.png)  

## Crypto Bulls Or Bear Traps?  
As Bitcoin continues its upward trajectory, the **Golden Cross** for Riot and Marathon signifies renewed investor optimism. However, the unpredictable nature of crypto markets suggests the path ahead may be rocky. Bitcoin's performance will likely determine whether these mining stocks can maintain their momentum or if this rally will fade.  

*Image: Shutterstock*  

**Read Next:** CleanSpark CEO Zach Bradford Explains Why The Company Is Betting on Bitcoin Mining, Not Buying.

Bitcoin's (CRYPTO: BTC) fiery resurgence, rallying over 38% in the past month, has lit a spark under cryptocurrency miners Riot Platforms Inc (NASDAQ:RIOT) and Marathon Digital Holdings Inc (NASDAQ:

Bitcoin's Explosive Rise: Are Riot and Marathon the Next Big Winners?

Russian President **Vladimir Putin** has made a bold statement regarding the future of **Bitcoin** and digital assets, asserting that they are **unstoppable**. He emphasized their role as essential tools for **reducing costs** and enhancing **financial reliability** during a recent **Investment Forum** in Moscow.

### What Happened
During his address, Putin confidently stated, "**Who can ban Bitcoin? Nobody.**" He further noted that as new technologies, digital currencies will continue to evolve regardless of the fate of traditional currencies like the dollar. This endorsement comes shortly after Putin signed a law that recognizes cryptocurrencies as property in Russia, which also exempts **crypto mining** and sales from value-added tax (VAT).

### Why It Matters
This new legal framework is expected to **accelerate the adoption of digital assets** in Russia's financial ecosystem. Furthermore, Putin's comments reflect a strategic interest in leveraging Bitcoin for **geopolitical and economic advantages**, especially in light of the **Ukraine conflict**, where Bitcoin was used to navigate Western sanctions.

At the recent **BRICS summit**, discussions centered around using cryptocurrencies for **cross-border payments**, highlighting their potential to disrupt traditional financial systems. Putin's proactive stance appears to counter U.S. initiatives, particularly those proposed by **President-elect Donald Trump** regarding a national Bitcoin reserve.

Despite advocating for cryptocurrencies, Putin also expressed the need for the Russian government to address the nation’s high inflation, currently nearing **9%**. He stated, "**It is necessary to curb inflation, which is currently at a fairly high level.**"

Russian President Vladimir Putin firmly asserted that Bitcoin (CRYPTO: BTC) and digital assets are unstoppable, describing them as essential tools for reducing costs and 

Putin Declares Bitcoin Unstoppable: A Game Changer for Global Finance

### KULR Technology Group's Strategic Move

**HOUSTON, Dec. 04, 2024** – KULR Technology Group, Inc. (NYSE American: KULR), renowned for its advanced energy management platforms, has officially adopted **Bitcoin (BTC)** as a primary asset in its treasury strategy. With a robust balance sheet featuring over **$12 million in cash**, the company plans to allocate **up to 90% of its surplus cash** to Bitcoin.

### Market-Driven Acquisition

KULR's approach to acquiring Bitcoin will be **flexible**, adapting to market dynamics and future cash flow needs. This strategy reflects the company's commitment to navigating evolving economic circumstances strategically.

### CEO's Insights on Bitcoin's Potential

KULR's Chairman and CEO, **Michael Mo**, emphasized the importance of Bitcoin's growing acceptance. He stated, "We believe the growing global acceptance of bitcoin is still in its early stages. Companies, financial institutions, and governments are incorporating blockchain technology and BTC into their economic frameworks."

He believes that Bitcoin offers **long-term appreciation** and serves as a safeguard against **geopolitical, inflationary, and macroeconomic challenges**.

### Legislative Support for Bitcoin

This year has seen increased acceptance of Bitcoin at the federal level, with proposals for a **national strategic bitcoin reserve** and discussions surrounding establishing a **national bitcoin stockpile** gaining traction.

### About KULR Technology Group Inc.

KULR Technology Group specializes in cutting-edge energy storage solutions for sectors including **space, aerospace, and defense**. The company leverages its in-house battery design expertise and comprehensive testing capabilities to deliver innovative energy storage systems efficiently.

![KULR Technology Group](https://ml.globenewswire.com/media/ODc4MDRhZTUtODg4OC00NDE5LWJjZmEtMWQ4MDVkZTMxOTk1LTUwMDA3MzA5NA==/tiny/KULR-Technology-Group-Inc-.png)

HOUSTON, Dec.  04, 2024  (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the 

KULR Implements Bold Bitcoin Treasury Strategy to Enhance Financial Resilience

# Bitcoin's Market Dynamics

Bitcoin has recently seen fluctuations, particularly **falling behind Ripple's XRP**, as traders speculate on a **potential Wall Street shakeup** in the cryptocurrency market.

## Current Bitcoin Price Trends

The **bitcoin price rally**, which began earlier this year, has encountered resistance just below **$100,000**, although some analysts predict a **major market explosion in 2025**.

## MicroStrategy's Strategic Move

In a significant development, **MicroStrategy**, the leading bitcoin investment firm, is on the verge of being added to the **Nasdaq-100 Index**. This move could channel substantial investor capital into MicroStrategy's already soaring stock price. Analysts believe that this inclusion is practically a certainty, given MicroStrategy's impressive **$75 billion market capitalization**.

![Michael Saylor, MicroStrategy](https://imageio.forbes.com/specials-images/imageserve/612611e5693aa403517e5f9c/Michael-Saylor--MicroStrategy--bitcoin-price--bitcoin--image/0x0.jpg?format=jpg&crop=1465,1018,x490,y213,safe&width=144)

## Impact on the Market

Joining the **$26 trillion Nasdaq-100** could open doors to a new class of investors who might not have previously considered investing in MicroStrategy. Furthermore, this inclusion would make MicroStrategy eligible for the **Invesco QQQ ETF**, one of the largest ETFs globally, ensuring a steady flow of capital into the company.

## Recent Developments

MicroStrategy has been actively acquiring bitcoin, recently purchasing **$1.5 billion worth**, bringing its total holdings to over **400,000 bitcoins**, valued at approximately **$38 billion**. This strategy has transformed MicroStrategy from a software company into a **bitcoin treasury**, greatly enhancing its stock value and market presence.

As the **Nasdaq prepares to announce its latest index membership**, the implications of MicroStrategy's inclusion could reshape the landscape for bitcoin investments and stocks alike.

Bitcoin juggernaut MicroStrategy is poised to be added to the Nasdaq-100 Index, potentially sending huge swathes of investor cash into the company's already sky-high stock...

MicroStrategy's Nasdaq Inclusion: A $26 Trillion Game-Changer for Bitcoin Investors!

### U.S. Bitcoin ETFs Experience Record Inflows

U.S. **spot Bitcoin exchange-traded funds (ETFs)** saw an impressive **$676 million** in inflows on Tuesday—almost double the previous day's $353.67 million, according to data from [SoSoValue](https://208.87.240.67/assets/etf/us-btc-spot?__cpo=aHR0cHM6Ly9zb3NvdmFsdWUuY29t).

As of now, the total net assets held by asset managers behind U.S. spot Bitcoin ETF contracts have reached **$104.25 billion**, equivalent to approximately **1,076,609.7 BTC**—close to the **estimated 1.1 million BTC** held by **Satoshi Nakamoto**, the pseudonymous creator of Bitcoin.

**BlackRock’s iShares Bitcoin Trust ETF (IBIT)** led the inflows with **$693.25 million**, while the **Fidelity Wise Origin Bitcoin Fund** followed with **$52.17 million**. However, not all ETFs fared well; the **ARK 21Shares Bitcoin ETF (ARKB)** experienced **$93.5 million** in outflows. The **Grayscale Bitcoin Trust ETF** saw no net asset flow yesterday, maintaining nearly **$20.6 billion** in assets but losing market dominance.

### The Surge Explained

Bitcoin ETFs have been witnessing a **remarkable surge**, with a record **$7.6 billion** in monthly net inflows for November. According to **Alex Obchakevich**, founder of Obchakevich Research, the spike in investments can be attributed to the recent **victory of Donald Trump and the Republican Party** in the U.S. elections, which he claims has boosted market confidence and attracted institutional investors.

Obchakevich also pointed out that the **regulatory approval** of funds has empowered investors to engage with Bitcoin ETFs within a regulated environment. Additionally, **Valentin Fournier** from BRN noted that Ethereum spot ETFs also enjoyed robust inflows of **$133 million**.

The growing interest in crypto ETFs could open up new sectors for the crypto market, extending beyond just the crypto community. Obchakevich emphasized that we are on the brink of significant changes, suggesting that **crypto ETFs** are integral to this evolving landscape.

After a record-breaking November, U.S. spot Bitcoin ETFs continue to see "robust" inflows in the final stretch of the year.

Bitcoin ETFs Surge with $676 Million Inflows – Is Satoshi's Holdings Within Reach?

### What’s Happening in Crypto Today?

Remember when **Forbes** labeled **XRP** a "zombie token" back in March? That narrative has quickly flipped as XRP has surged a staggering **439%**, reclaiming its position as the **#3 cryptocurrency** by market cap at **$2.70**. The crypto community is reveling in this comeback, sharing old articles for some social media fun.

### Key Headlines from the Last 24 Hours:

- **XRP** has outperformed **Tether** to secure the third spot with a **439% rally**. Is it time for **XRP-based meme coins** to shine?
- The market experienced **$588 million** in liquidations, with XRP traders facing the brunt of it. How did this happen?
- **Bitcoin** is vanishing from exchanges at an unprecedented rate. What’s behind this trend?
- **MOG Coin** surged **20%** after being noticed by **Coinbase**. Is Coinbase embracing meme coins?
- **Reserve Rights (RSR)** skyrocketed **88%** on rumors concerning a potential new SEC chair. Why the excitement?

### XRP's Remarkable Comeback

XRP's recent performance is noteworthy, reaching levels not seen since **2018**. In contrast, the **meme coin rally** seems to be stalling, with **Dogecoin** dropping to **$0.42** and other tokens like **Shiba Inu** following suit. However, the **XRP ecosystem** is generating its own meme coin narrative, with one token, **ARMY**, skyrocketing from under **$1 million** to **$90 million** in market cap.

### Liquidations Rock the Market

A turbulent 24 hours resulted in **$588 million** in liquidations across the crypto market, catching both bulls and bears off guard. **XRP** led the way with **$69 million** in liquidations after reaching **$2.82**, only to drop to **$2.56**. Meanwhile, **Bitcoin** traders faced **$60 million** in liquidations after a drop below **$96,000**.

### The Bitcoin Mystery

Interestingly, Bitcoin is disappearing from exchanges faster than ever, signaling a shift towards **long-term investment**. What’s driving this trend? Stay tuned for more updates!

Here is a 2-minute breakdown of everything important that happened in crypto today.

Could a Rate Cut Propel Bitcoin to New Heights? Insights on Potential Benefits

Summary:

The Impact of Rate Cuts on Bitcoin

Why Bitcoin Might Benefit

Conclusion

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Other Latest News

Biden's Foreign Policy in Crisis: The South Korean Coup and Its Implications

Bitcoin's Explosive Rise: Are Riot and Marathon the Next Big Winners?

Putin Declares Bitcoin Unstoppable: A Game Changer for Global Finance

KULR Implements Bold Bitcoin Treasury Strategy to Enhance Financial Resilience

MicroStrategy's Nasdaq Inclusion: A $26 Trillion Game-Changer for Bitcoin Investors!

Bitcoin ETFs Surge with $676 Million Inflows – Is Satoshi's Holdings Within Reach?

XRP's Astonishing Rise: Is Bitcoin Disappearing from Exchanges? A Crypto Market Update

Other Latest News

Biden's Foreign Policy in Crisis: The South Korean Coup and Its Implications

Bitcoin's Explosive Rise: Are Riot and Marathon the Next Big Winners?

Putin Declares Bitcoin Unstoppable: A Game Changer for Global Finance

KULR Implements Bold Bitcoin Treasury Strategy to Enhance Financial Resilience

MicroStrategy's Nasdaq Inclusion: A $26 Trillion Game-Changer for Bitcoin Investors!

Bitcoin ETFs Surge with $676 Million Inflows – Is Satoshi's Holdings Within Reach?

XRP's Astonishing Rise: Is Bitcoin Disappearing from Exchanges? A Crypto Market Update