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Altcoin Sherpa, a renowned cryptocurrency analyst, has warned that the cryptocurrency market will face extreme price fluctuations in the final days of the year.
He predicted that the market will grow in January. The analyst advised investors to sell cryptocurrencies they are not interested in and wait for the opportunity to buy their favorite ones.
He also predicted that Bitcoin may soon reach a temporary bottom. He expects Bitcoin to fall to around $90.91 and then resume its upward trend.
He predicted that the market will grow in January. The analyst advised investors to sell cryptocurrencies they are not interested in and wait for the opportunity to buy their favorite ones.
He also predicted that Bitcoin may soon reach a temporary bottom. He expects Bitcoin to fall to around $90.91 and then resume its upward trend.
Stacy Herbert, the director of El Salvador’s Bitcoin (BTC) office, announced that the country will continue to buy Bitcoin despite a $1.4 billion settlement with the International Monetary Fund (IMF).
El Salvador, which currently holds 5,968 Bitcoins worth approximately $594 million, remains committed to its plans to integrate Bitcoin into its financial and educational systems.
According to the announced plans, the country plans to introduce Bitcoin textbooks for second and third grade students by January 2025 and abandon the state-owned Chivo wallet in favor of private services.
El Salvador, which currently holds 5,968 Bitcoins worth approximately $594 million, remains committed to its plans to integrate Bitcoin into its financial and educational systems.
According to the announced plans, the country plans to introduce Bitcoin textbooks for second and third grade students by January 2025 and abandon the state-owned Chivo wallet in favor of private services.
The data shows that only short-term holders of Bitcoin (BTC), those who have held it for 90 to 365 days, are currently selling their assets.
According to the Santiment Stagnant Turnover Index, unlike last month when long-term investors also participated in the selling, this month only short-term holders are actively taking profits.
This change in behavior suggests that long-term holders believe that the price of Bitcoin has further growth potential and are refraining from selling, while short-term traders continue to sell in the excitement of prices above $100,000.
According to the Santiment Stagnant Turnover Index, unlike last month when long-term investors also participated in the selling, this month only short-term holders are actively taking profits.
This change in behavior suggests that long-term holders believe that the price of Bitcoin has further growth potential and are refraining from selling, while short-term traders continue to sell in the excitement of prices above $100,000.
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The price of Bitcoin (BTC) fell sharply after comments from US Federal Reserve Chairman Jerome Powell about the institution’s legal restrictions on holding digital currency.
Powell, who attended a press conference after announcing the interest rate cut, emphasized that current rules do not allow the Federal Reserve to hold Bitcoin and that the institution is not looking to change the law.
These comments caused the price of Bitcoin to fall from around $103,700 to $100,241 in less than an hour.
Powell, who attended a press conference after announcing the interest rate cut, emphasized that current rules do not allow the Federal Reserve to hold Bitcoin and that the institution is not looking to change the law.
These comments caused the price of Bitcoin to fall from around $103,700 to $100,241 in less than an hour.
Pentoshi, a renowned cryptocurrency analyst, has predicted that Bitcoin (BTC) and Ethereum (ETH) will see a significant price increase in the near future.
The analyst, who has over 834,000 followers on the social network X, believes that Bitcoin, which is currently trading in the $105,000 range, will reach $180,000 by 2026.
He also predicted that Ethereum will soon reach $4,800.
Pentoshi stressed that this price increase will occur independently of Donald Trump’s policies towards cryptocurrencies.
The analyst, who has over 834,000 followers on the social network X, believes that Bitcoin, which is currently trading in the $105,000 range, will reach $180,000 by 2026.
He also predicted that Ethereum will soon reach $4,800.
Pentoshi stressed that this price increase will occur independently of Donald Trump’s policies towards cryptocurrencies.
Macroeconomic analyst Luke Gromen believes that the United States has no choice but to embrace Bitcoin (BTC) as a neutral reserve asset following the failure in Ukraine and the decline of the dollar system.
Citing recent statements by Treasury officials and US politicians including Paul Ryan and Donald Trump, he says that Washington is planning to dramatically increase the value of Bitcoin, similar to what happened to oil in 1973.
According to Gromen, this strategy will allow the United States to prevent its citizens from becoming impoverished due to inflation while reviving domestic industries and strengthening the foundations of national defense.
Citing recent statements by Treasury officials and US politicians including Paul Ryan and Donald Trump, he says that Washington is planning to dramatically increase the value of Bitcoin, similar to what happened to oil in 1973.
According to Gromen, this strategy will allow the United States to prevent its citizens from becoming impoverished due to inflation while reviving domestic industries and strengthening the foundations of national defense.
Bitcoin hit an all-time high of $106,488 this morning. The surge came after US President-elect Donald Trump announced the creation of a strategic reserve of Bitcoin. “We’re going to do a great job with digital currencies … we want to be ahead of the competition,” Trump said at the New York Stock Exchange.
The move was bolstered by Republican Senator Cynthia Loomis’s support for the Bitcoin Act, which aims to buy one million Bitcoins over five years. The move has garnered global attention, with Vladimir Putin even hinting at the possibility of a Bitcoin reserve in Russia.
The move was bolstered by Republican Senator Cynthia Loomis’s support for the Bitcoin Act, which aims to buy one million Bitcoins over five years. The move has garnered global attention, with Vladimir Putin even hinting at the possibility of a Bitcoin reserve in Russia.
Satoshi Hamada, a Japanese lawmaker, has called on the government to consider incorporating Bitcoin into its foreign exchange reserves, highlighting its potential as a strategic asset.
During a session of the Japanese parliament, Hamada asked about the country’s approach to digital currency reserves, citing efforts in the United States and Brazil. He called for Japan to introduce a system to convert part of its foreign exchange reserves into digital assets such as Bitcoin.
The proposal comes as the price of Bitcoin has surged past $100,000. Hamada argued that accepting Bitcoin reserves could increase Japan’s fiscal resilience and demonstrate the country’s leadership in the digital asset space.
During a session of the Japanese parliament, Hamada asked about the country’s approach to digital currency reserves, citing efforts in the United States and Brazil. He called for Japan to introduce a system to convert part of its foreign exchange reserves into digital assets such as Bitcoin.
The proposal comes as the price of Bitcoin has surged past $100,000. Hamada argued that accepting Bitcoin reserves could increase Japan’s fiscal resilience and demonstrate the country’s leadership in the digital asset space.
In the first ten days of December, more than $4 billion in capital flowed into Bitcoin (BTC) exchange-traded funds (ETFs) managed by reputable financial firms such as BlackRock and Fidelity.
This surge in investment occurred after the price of Bitcoin crossed the $100,000 mark, and the trend of capital inflows into these funds varied on different days; for example, about $354 million entered these funds on December 2, $676 million on December 3, and nearly $600 million on December 12.
Among them, BlackRock and Fidelity had the largest share in attracting these funds, attracting more than $100 million in new capital daily and no capital outflows.
This surge in investment occurred after the price of Bitcoin crossed the $100,000 mark, and the trend of capital inflows into these funds varied on different days; for example, about $354 million entered these funds on December 2, $676 million on December 3, and nearly $600 million on December 12.
Among them, BlackRock and Fidelity had the largest share in attracting these funds, attracting more than $100 million in new capital daily and no capital outflows.
Glassnode, a research firm, says that of the $131 trillion in transactions recorded on the Bitcoin (BTC) network, only about 9 percent ($11.63 trillion) are actual transactions between individuals and organizations, with the rest being internal transactions on cryptocurrency exchanges, such as when an exchange moves bitcoins between its own wallets.
Of course, these internal transactions do not affect the price of bitcoin, but they are real for the network and miners receive fees from them.
This statistic shows that the Bitcoin market is still heavily influenced by the activities of large exchanges, and the picture of transaction volume we see may not be an accurate reflection of the actual amount of bitcoin being bought and sold.
Of course, these internal transactions do not affect the price of bitcoin, but they are real for the network and miners receive fees from them.
This statistic shows that the Bitcoin market is still heavily influenced by the activities of large exchanges, and the picture of transaction volume we see may not be an accurate reflection of the actual amount of bitcoin being bought and sold.
Changpeng Zhao, founder and former CEO of the cryptocurrency exchange Binance, said at the Bitcoin 2024 Abu Dhabi conference that Bitcoin’s market cap could surpass gold. He said in an interview that gold’s supply is difficult to determine, while Bitcoin’s fixed code, portability, and transactability offer key advantages.
Zhao added that Bitcoin’s value could surpass gold’s estimated market cap of $16 trillion, which would mean more than $850,000 per bitcoin based on 19.7 million coins in circulation.
CryptoSlate says that with gold’s market cap nearing $17 trillion, Bitcoin would need to surpass $876,000 to close the gap.
Currently, Bitcoin’s market cap is less than $2 trillion. Zhao noted that relying on old metrics to value new assets leads to underestimating Bitcoin’s potential.
Zhao added that Bitcoin’s value could surpass gold’s estimated market cap of $16 trillion, which would mean more than $850,000 per bitcoin based on 19.7 million coins in circulation.
CryptoSlate says that with gold’s market cap nearing $17 trillion, Bitcoin would need to surpass $876,000 to close the gap.
Currently, Bitcoin’s market cap is less than $2 trillion. Zhao noted that relying on old metrics to value new assets leads to underestimating Bitcoin’s potential.
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The price of Bitcoin (BTC) has been falling in recent days, with many cryptocurrency holders selling their holdings. However, large corporations and professional investors continue to buy Bitcoin.
One sign of this can be seen on the Coinbase exchange. On this exchange, which is mainly used by American investors, the price of Bitcoin is higher than on other exchanges. This price difference indicates that large investors are buying and using the price drop as an investment opportunity.
One sign of this can be seen on the Coinbase exchange. On this exchange, which is mainly used by American investors, the price of Bitcoin is higher than on other exchanges. This price difference indicates that large investors are buying and using the price drop as an investment opportunity.
In the past 24 hours, the cryptocurrency market witnessed a wave of liquidations worth $1.52 billion, driven by the sudden drop in the price of Bitcoin. According to data from Coinglass, the majority of this amount was related to long positions. Bitcoin hit a daily low of $94,129 and then recovered to around $97,000. Ethereum also suffered $134.50 million in liquidation, falling to $3,510. Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Cardano (ADA) also saw significant price declines. Binance accounted for the largest share of liquidations with $417.65 million. Despite these sharp fluctuations, the crypto fear-greed index remains in the extreme greed zone.
A well-known cryptocurrency analyst, Dave the Wave, has predicted that Bitcoin (BTC) will reach around $112,000 before Christmas. He posted a chart on Twitter showing Bitcoin in an ascending channel. Dave the Wave also believes that in the first half of 2025, the price of Bitcoin will reach a range of $180,000 to $220,000. The analyst is also bullish on altcoins, noting that Bitcoin’s dominance is waning, which could mean a bullish move for altcoins. He believes that Bitcoin has not yet entered a bullish phase and will remain in a technical ascending channel if the price corrects.
Polish police have arrested a 37-year-old Russian citizen linked to the defunct exchange WEX on fraud and money laundering charges in Warsaw. The man, believed to be former WEX CEO Dmitry Vasiliev, faces extradition from the US Department of Justice. Vasiliev was previously detained in Poland in 2021 but was released a few weeks later and returned to Russia. WEX, the successor to the defunct BTC-e exchange, collapsed in 2018 after $450 million in customer funds disappeared. Alexey Bilyuchenko, Alexander Vinnik’s BTC-e partner, is said to have been the de facto manager of WEX. Bilyuchenko was indicted by US authorities in 2023 for his role in BTC-e and the Mt. Gox hack.
Polish police have arrested a 37-year-old Russian citizen linked to the defunct exchange WEX on fraud and money laundering charges in Warsaw. The man, believed to be former WEX CEO Dmitry Vasiliev, faces extradition from the US Department of Justice. Vasiliev was previously detained in Poland in 2021 but was released a few weeks later and returned to Russia. WEX, the successor to the defunct BTC-e exchange, collapsed in 2018 after $450 million in customer funds disappeared. Alexey Bilyuchenko, Alexander Vinnik’s BTC-e partner, is said to have been the de facto manager of WEX. Bilyuchenko was indicted by US authorities in 2023 for his role in BTC-e and the Mt. Gox hack.
Bitcoin (BTC), the world’s most important and oldest cryptocurrency, has achieved remarkable success, surpassing the $100,000 mark to become the 10th largest currency in the world.
The total value of Bitcoins in circulation has surpassed the total value of the Australian dollar and may soon surpass the Hong Kong dollar.
Experts predict that the price of one Bitcoin could reach $140,000 by early 2025. One of the main reasons for this price increase is the election of Donald Trump as the US President, who supports digital currencies.
This development indicates that Bitcoin has become an important global asset and could make this digital currency even more valuable as an investment asset.
The total value of Bitcoins in circulation has surpassed the total value of the Australian dollar and may soon surpass the Hong Kong dollar.
Experts predict that the price of one Bitcoin could reach $140,000 by early 2025. One of the main reasons for this price increase is the election of Donald Trump as the US President, who supports digital currencies.
This development indicates that Bitcoin has become an important global asset and could make this digital currency even more valuable as an investment asset.
Donald Trump's victory in the US election caused a significant increase in the price of Bitcoin (BTC), and this digital currency reached $104,611 for the first time in history.
🔸 In response to this event, Trump congratulated investors on his social network and claimed that this price increase was the result of his victory in the election.
🔸 Market analysts have dubbed this price increase the Trump deal, and experts from reputable financial institutions such as Standard Chartered Bank and VanEck are also optimistic about the future of Bitcoin.
🔸 In response to this event, Trump congratulated investors on his social network and claimed that this price increase was the result of his victory in the election.
🔸 Market analysts have dubbed this price increase the Trump deal, and experts from reputable financial institutions such as Standard Chartered Bank and VanEck are also optimistic about the future of Bitcoin.
The price of Bitcoin crossed the $100,000 mark for the first time and recorded its all-time high of $103,630. This achievement occurred after setting new records in recent weeks and following the US presidential election. The election of Donald Trump, who has promised pro-digital currency policies, helped boost the price of Bitcoin. Since his victory in early November, the price of Bitcoin has increased by more than 30%.
The price of Bitcoin (BTC) on South Korea’s largest cryptocurrency exchange, Upbit, suddenly fell to around $61,500, but recovered within minutes.
The event lasted less than 15 minutes, during which the price of Bitcoin fell by around 30%. The main reason for the volatility was the declaration of martial law by South Korean President Yoon Suk Yeol in a speech in Seoul.
The event lasted less than 15 minutes, during which the price of Bitcoin fell by around 30%. The main reason for the volatility was the declaration of martial law by South Korean President Yoon Suk Yeol in a speech in Seoul.
Analysts say the world’s two top cryptocurrencies are riding high on the positive sentiment, with Bitcoin and Ethereum ETFs hitting new highs. US President-elect Donald Trump’s positive stance on cryptocurrencies continues to create a positive outlook. By November, the Bitcoin ETF had a record $6.5 billion in net inflows, while the Ethereum ETF had $1.1 billion. Bitcoin is trading at $95,721 and Ethereum is at $3,619. Analysts believe that Bitcoin’s supply is shrinking and its balance on exchanges is dwindling. However, some reports suggest that the recent inflows into Bitcoin have been significant and that the bearish outlook may be premature.
Tom Lee, Director of Research at Fundstrat, predicted that the price of Bitcoin will reach more than $250,000 in the next 12 months in an interview with Anthony Scaramucci, founder of SkyBridge Capital.
He attributed the increase to Bitcoin’s current technical trend and the new US administration’s pro-cryptocurrency policies. Lee believes that Bitcoin has the potential to become a strategic reserve asset for the US, which could have a positive impact on its legitimacy. He also noted that the use of Bitcoin on corporate balance sheets, such as MicroStrategy, has created a lot of value for shareholders.
Lee predicts that Bitcoin’s market cap will reach $16 trillion, with investors increasingly considering it as a more useful store of value than gold.
He attributed the increase to Bitcoin’s current technical trend and the new US administration’s pro-cryptocurrency policies. Lee believes that Bitcoin has the potential to become a strategic reserve asset for the US, which could have a positive impact on its legitimacy. He also noted that the use of Bitcoin on corporate balance sheets, such as MicroStrategy, has created a lot of value for shareholders.
Lee predicts that Bitcoin’s market cap will reach $16 trillion, with investors increasingly considering it as a more useful store of value than gold.