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Layah Heilpern, owner and host of The Layah Heilpern Show, stated that Bitcoin has been following its 4-year cycle closely, noting that the cryptocurrency's downturn after the U.S. midterms and the previous cycle top in October of last year align with this pattern.
Heilpern added that if Bitcoin continues along the same cycle, a bottom could occur in late November to early December.
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Heilpern has previously covered the impact of banking disruptions, reporting on the Paraguay bank collapse that left millions unable to access their funds. She also noted that Sberbank is set to launch bitcoin trading with a $3,500 annual limit per person. These reports reflect her ongoing focus on developments within traditional banking and the cryptocurrency sector.