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news-imageOctober 30, 2024

10X Research Sees Bitcoin's $100K Potential by Early 2025

TL;DR 10x Research estimates that Bitcoin could reach $100,000 by January 2025, driven by its prediction model and recent buy signals. The “Bitcoin black hole effect” highlights BTC's dominance in absorbing value from altcoins, reflecting growing interest among institutional investors.
Publisher: Crypto Economy
Sentiment: Positive
BTC

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cover-imageCoinPedia
October 30, 2024

Reddit Sold Major Crypto In Q3; Misses Out On Bitcoin's Uptober Gains

The latest filing with the SEC has revealed that Reddit has sold the majority of its cryptocurrency portfolio during the third quarter, offloading Bitcoin and Ethereum once held “for treasury purposes.” JUST IN: Reddit sold the majority of its #Bitcoin before BTC started pumping in October — SEC filing pic.twitter.

Positive
cover-imageBitcoinist
October 30, 2024

$170 Million In Crypto Shorts Flushed As Bitcoin Returns Above $71,000

Data shows the cryptocurrency derivatives market has suffered a high amount of liquidations as the Bitcoin price has breached $71,000. Crypto Derivatives Has Seen $223 Million In Liquidations During Last 24 Hours According to data from CoinGlass, liquidations have piled up on the cryptocurrency derivatives market over the past day.

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cover-imageNewsBTC
October 30, 2024

Can Bitcoin Hit $200,000 Only If The Dollar Falls? Bitwise CIO Answers

Matt Hougan, Chief Investment Officer of Bitwise Asset Management, addressed a pressing question among investors: Does the US dollar need to collapse for Bitcoin to reach a valuation of $200,000 per coin? Hougan's analysis suggests that Bitcoin's ascent to such a price level does not depend on a decline in the US dollar's value but rather on Bitcoin's maturation as a store-of-value asset and global economic factors increasing demand for such assets.

Positive
cover-imageBenzinga
October 30, 2024

Bitcoin Breaks $72,000, But Trader Warns Bears Could Strike Back

Pseudonymous analyst CrediBULL Crypto highlighted that Bitcoin's (CRYPTO: BTC) break of $71,000 might not indicate a sustained bullish trend. What Happened: The analyst described the move as "corrective" rather than impulsive on his X profile, emphasizing that context is essential: "I did think a break of $71,000 would be bullish as I assumed that we would not break those highs until we saw our next impulse to the upside to ignite the rally to $100,000.

Positive
cover-imageUToday
October 30, 2024

Bitcoin to $100,000 in One Month? Yusko Thinks It's Possible

Mark Yusko, CEO and CIO at Morgan Creek Capital Management, believes that the price of Bitcoin could potentially reach six-digit territory within a month. During a recent appearance on Paul Barron Network, Yusko stated that the largest cryptocurrency could go right through its "fair value"

Positive
cover-imageBitcoinist
October 30, 2024

Bitcoin Ready To Test All-Time High As Demand Returns To Feb Levels

Bitcoin has observed a rally beyond the $71,000 level during the past day as on-chain data shows demand for the coin has notably increased. Bitcoin Apparent Demand Has Spiked To Notable Positive Levels Recently As an analyst in a CryptoQuant Quicktake post explained, the demand for Bitcoin has appeared to be on the rise again recently.

Positive
cover-imageBeInCrypto
October 30, 2024

Florida State's CFO Endorses a ‘Strategic Bitcoin Reserve'

Florida Chief Financial Officer (CFO) Jimmy Patronis has proposed the establishment of a “Strategic Bitcoin Reserve.” He formally recommended that Florida's pension funds — covering firefighters, teachers, police officers, and other public sector workers—consider Bitcoin as a potential asset.

Positive
cover-imageBenzinga
October 30, 2024

Bitcoin Could Hit $101,694 By January, Says 10x Research

A new suggests that Bitcoin (CRYPTO: BTC) may surge to $101,694 by January 27, 2025, buoyed by strong market momentum and increasing institutional demand through spot ETFs. What Happened: The report, by 10x Research, highlights Bitcoin's resilience as it reached a six-month high, a milestone that has historically led to a median three-month return of +40%.

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