Ethereum (ETH) has been gaining momentum as the cryptocurrency market enters a new phase of optimism. With Bitcoin recently reaching a new all-time high (ATH) above $76,460, Ethereum is showing signs of recovery and growth.
Several analysts suggest that Bitcoin's price will be in the healthy six-figure range soon.
After Donald Trump secured his victory in the 2024 U.S. presidential race, Cynthia Lummis, the Republican senator from Wyoming, jumped on social media with a bold declaration: “We are going to build a strategic bitcoin reserve.
Billionaire hedge fund manager Scott Bessent is reportedly positioning himself as the leading candidate for Treasury Secretary under a Donald Trump administration. Matthew Pines, Director at SentinelOne and National Security Fellow at the Bitcoin Policy Institute, shared an article from the Financial Times on X, highlighting Bessent's ambitions.
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A trader attempting to short Bitcoin (BTC) is reportedly now suffering tens of millions of dollars in losses after the flagship crypto asset soared on Election Day. Blockchain tracking firm Lookonchain says one crypto whale suffered a $74,980,000 liquidation as US presidential vote tallies began to break toward pro-crypto candidate Donald Trump.
A widely followed crypto analyst says that a Bitcoin (BTC) rally to a six-figure price tag is still in the cards.
Bitcoin (BTC) has been on a wild ride, reaching new all-time highs in the wake of the U.S. elections. With an impressive 8% surge, the cryptocurrency has captivated the attention of both traditional investors and the crypto community alike.
As well as Trump's victory, the crypto market recently received another big news as the Fed slashed interest rate by 25 bps. Bitcoin's price, often highly responsive to US news, had already reached a record near $77,000 and remained relatively stable. Fed Goes Easy on Monetary Policy In line with market expectations, the U.S.
The crypto industry has been riddled with intense activity in the past few weeks, coinciding with a run before and after the US elections. Much of the activity has been centered on the Bitcoin price, although spilling over into other cryptocurrencies.
The iShares Bitcoin Trust ETF (IBIT) surpassed $23.3 billion in net asset value (NAV) in the third quarter, registering a 20% quarterly growth, according to a Nov. 7 to a 10-Q Form filing with the US Securities and Exchange Commission (SEC). BlackRock's Bitcoin (BTC) exchange-traded fund (ETF) holds 367,805 BTC, worth roughly $21.
The Federal Reserve slashed interest rates again on Thursday in a move that could boost Bitcoin—which is already in all-time high territory.
MicroStrategy co-founder Michael Saylor has reacted to Bitcoin hitting yet another record high by taking a jab at The Wall Street Journal (WSJ) in his recent social media post.
The move was somewhat expected by most experts.
10x Research founder Markus Thielen joins CoinDesk with his bullish outlook on bitcoin, predicting that largest crypto by market cap will reach $100,000 by December or January as the industry expects SEC Gary Gensler to resign. Plus, insights on bitcoin's price movements after the election and the future for digital assets under a new administration.
Fed Chair Jerome Powell's speech later today could shake up markets as he will face questions about the central bank's outlook on monetary policy and inflation after Donald Trump's decisive win of the U.S. presidential election.
The Fed's rate cut may signal a shift towards more politically influenced monetary policy, impacting market dynamics and economic growth strategies. The post Fed cuts rates by 25 basis points, pushing Bitcoin to a new all-time high of $76.7K appeared first on Crypto Briefing.
A closely followed crypto analyst says Ethereum (ETH) may be gearing up for a massive breakout against Bitcoin (BTC). In a new strategy session, trader Michaël van de Poppe tells his 733,600 followers on the social media platform X the Ethereum/Bitcoin pair (ETH/BTC) is showing a bullish divergence on the daily chart.
Bitcoin just made a new all-time high, but ether is the real winner here.
By bridging Bitcoin Runes to Ethereum and ICP, Bitfinity Network brings unique DeFi capabilities to Bitcoin assets. Leveraging Chain-Key Technology, the integration emphasizes decentralized security, expands liquidity, and connects with Cosmos, offering a secure alternative to custodial Bitcoin models. The post Bitfinity Network Launches Cross-Chain Integration of Bitcoin Runes to Expand DeFi appeared first on Cryptonews.
Bitcoin is in the spotlight following its recent notable surge to a new all-time high. Since hitting a new height, BTC has continued to display strong resilience for more upside movement, prompting investors' confidence about the crypto asset's potential to reach higher peaks in the upcoming days.
The U.S. Federal Reserve has decided to implement a 25-basis-point rate cut following its two-day meeting.
MicroStrategy Inc (NASDAQ:MSTR) has made waves with its bold, billion-dollar bet on Bitcoin (CRYPTO: BTC). The company recently announced an aggressive acquisition plan, vowing to invest $42 billion into Bitcoin over the next three years.
Pepe Unchained ($PEPU) has stormed past the $25 million mark in its presale, riding high on Bitcoin's all-time high surge following Donald Trump's epic victory in securing a second, non-consecutive term in office.
The lawmaker's bullish statement comes in the wake of pro-crypto candidates sweeping most of the seats in the just-concluded polls.
The quest to bring “covenants” to Bitcoin — a mechanism that enables more sophisticated transaction types by controlling how coins can be spent in the future — has been an ongoing challenge. Recent research sheds light on how covenants may be achieved without the contentious and complex process of a soft fork.
Coinbase has just announced cbBTC, the very first Bitcoin-backed token on Solana. The newly minted SPL token is backed 1:1 by Bitcoin and held in Coinbase custody.
JPMorgan Chase says the incoming Trump administration could boost both Bitcoin (BTC) and gold. In a note to clients, the US bank says that if Republicans gain control of the House in addition to the Senate, a weaker dollar is likely as stimulus is poured into the system, reports Barron's.
TL;DR Binance has published its latest Proof of Reserves (PoR), showing over $120 billion in assets across 34 cryptocurrencies. Bitcoin and Ethereum holdings grew by 2.09% and 6.20%, respectively. The platform continues to improve its PoR with advanced technologies such as zk-SNARKs and provides a complete representation of assets, liabilities, and collateral.
Bitcoin (BTC) could see more upside before Donald Trump's inauguration on January 20, 2025, potentially hitting a new all-time high.
JPMorgan predicts Bitcoin and gold will benefit from Trump's victory due to the 'debasement trade' amid tariffs and tensions. The post JPMorgan says both Bitcoin and gold should benefit from Trump's victory appeared first on Crypto Briefing.
The previous cycle saw 319% gains in just over five months- if replicated, this would take BTC to $288k by April 2025.
Following Donald Trump's victory, the crypto market attention is now on the upcoming FOMC meeting, where the Federal Reserve is expected to announce a potential 0.25% rate cut potentially driving Bitcoin price to $100K.
The United States is soon to become the only big nation with a bitcoin national reserve following the election of Donald Trump.
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Michael Saylor, founder and chairman of MicroStrategy, said: “We have a #Bitcoin President”.
"We see the price running with little resistance at least until Trump takes office," Ned Davis Research said of bitcoin's latest rally to record highs.
As markets brace for today's crucial Federal Reserve interest rate decision, all eyes are on Bitcoin, which has recently surged above $76,000.
BlackRock's spot Bitcoin exchange-traded fund (ETF) witnessed a record trading day on Wednesday following Republican Donald Trump's win in the U.S. presidential election. The record-breaking volumes came as the alpha crypto broke out to fresh all-time highs.
Trump's victory boosts hopes for a national Bitcoin reserve, though skepticism lingers over whether it will happen.
Legendary trader Peter Brandt, with nearly five decades of experience in trading since 1975, has shared a bullish forecast for the Bitcoin price trajectory in 2025. Taking to X, Brandt stated: “Bitcoin $BTC is now in the sweet spot of the bull market halving cycle that should top in the $130k to $150K range next Aug/Sep. I measure cycles differently than most.
Bitcoin's mining difficulty recently rose to its highest ever. The mining difficulty — which measures how hard it is to discover new blocks on the Bitcoin blockchain — spiked 6% to an all-time high of 101.65 trillion amid a record hash rate for the network.
Expert analysts believe that the present economic situation has left investors looking for better ways to protect their wealth.
The short and long-term search trends show a renewed interest in digital assets.
Jason Lowery, US Space Force Major and author, believes Bitcoin is a far-from-conservative technology transforming physical energy into secure digital power by taking “watts to secure cyberspace” rather than logic encoded. For Lowery, the Bitcoin network provides a different perspective on protecting everything from software instructions to sophisticated data structures associated with digital assets and
The firm signed a non-binding deal with a hyperscaler firm to potentially allocate all of its 800 megawatts power to hosting high-performance computers.
"Investors are watching closely, hoping that pro-crypto promises made during recent conferences will be fulfilled," an analyst said about the election.
