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Bear Market, Biden, boxing, Buy Bitcoin, Doge, dogecoin, Federal Reserve, Gilberto Ramírez, inflation, market crash, Peter Brandt, real estate market, robert kiyosaki, WBA, World Boxing Association
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In this week’s hottest stories from Bitcoin.com News, veteran trader Peter Brandt says the bear market that began for dogecoin in May is over, Bitcoin.com-backed boxer Gilberto ‘Zurdo de Oro’ (Golden Southpaw) Ramírez steps up for a shot at World Boxing Association light heavyweight title, the US central bank’s main inflation gauge rises in September, and Robert Kiyosaki warns of real estate markets crashing and recommends buying bitcoin before the “Fed pivot”. All this and more, right below.
Veteran trader Peter Brandt says the dogecoin bear market that began last May has ended. His comment came after the price of dogecoin rose following Tesla CEO Elon Musk’s acquisition of social media platform Twitter.
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The US central bank’s main inflation gauge, the personal consumption expenditures (PCE) price index, rose 0.5% in September, according to data released by the US Commerce Department on October 28. Meanwhile, markets expect with near certainty that the Federal Reserve will codify its fourth consecutive rate hike of 75 basis points (bps) next month. As investors wait for the next bank rate hike, midterm elections begin on November 8, and reports say inflation is weighing heavily on the minds of most Americans.
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Gilberto ‘Zurdo de Oro’ (Golden Southpaw) Ramírez, with Bitcoin.com in his corner, has a shot at the World Boxing Association (WBA) light heavyweight title when he faces Dmitry Bivol, also undefeated. In what is being hailed as the biggest fight of the year, Ramirez vs Bivol is the main event of a DAZN card broadcast live from the Etihad Arena in Abu Dhabi on November 5.
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The well-known author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that the stock, bond and real estate markets will crash as the Federal Reserve continues to raise interest rates. Noting that the Fed will fluctuate, he advises investors to buy bitcoin.
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What are your thoughts on this week’s stories? Let us know in the comments section below.
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