🦃 Will The 2020 Bitcoin 'Thanksgiving Massacre' Repeat?

After the last election, Bitcoin did not get pardoned and dumped 17% in 3 days. Deja-vu?

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Happy Wednesday, Zingernation! Jim Cramer ‘cannot take so much abuse’ for his calls on Bitcoin and Apple. Read why the Mad Money host is doubling down on BTC.

Today, we look at whether Bitcoin could experience another ‘Thanksgiving massacre’, why the Bitcoin burst is sending home ownership rates surging and more.

Plus, stay ahead with the market’s most powerful suite of tools for traders. From exclusive news to real-time alerts, everything you need is here.

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TOP STORY

In 2020, then-President Trump did not pardon Bitcoin on Thanksgiving — the apex crypto dumped 17% in three days.

This time, Bitcoin has dropped 8% ahead of the holiday but seems to be recovering just in time.

So, is a new ‘Thanksgiving massacre’ off the table?

Not so fast…

Stay ahead with the market’s most powerful suite of tools for traders. From exclusive news to real-time alerts, everything you need is here.

Take advantage of Black Friday Week—click to save 60% on Benzinga Pro!

QUICK N DIRTY

Pepe could soon join Dogecoin and Shiba Inu as a multi-billion dollar memecoin. Why traders think it’s a ‘flight to safety’ in memecoins.

Bitcoin has dipped slightly from its run to $99,000 and that may be due to long-term holders taking chips off the table. How Bitcoin hodlers are realizing over $2 billion/day.

Jim Cramer has drawn ridicule from the Twitter (or X) crowd for his market calls on Bitcoin and Apple. Now he said that he ‘cannot take so much abuse.’

FINTECH FOCUS

Bitcoin is good for home ownership?

Who would have thought? But it’s true, paper by the U.S. Treasury’s Office of Financial Research has identified a correlation between rising crypto prices and mortgage rates.

In short, people may be using crypto gains to buy new homes.

How exactly that works?

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