Galaxy Digital's CEO predicts bitcoin could soar to $500,000 if Trump follows through with plans for a U.S. strategic bitcoin reserve, redefining global crypto policy. $500,000 Bitcoin? Bold Predictions as US Considers Strategic Crypto Reserve Michael Novogratz, CEO of Galaxy Digital, has predicted that bitcoin's value could surge to $500,000 if the U.S.

Matthew Sigel, VanEck's head of digital assets research, says Bitcoin is in “blue sky territory” and expects the cryptocurrency to run up to $180,000 in 2025.

Bitcoin has experienced a remarkable rally, climbing from $68,000 on US election day to a new all-time high (ATH) of $93,400 earlier today. The sharp increase, amounting to a $25,000 gain in less than 10 days, has driven significant enthusiasm in the market, with many investors anticipating continued growth.

Bitcoin (BTCUSD) reached a fresh all-time high of $93483 and showed a minor sell-off.It is currently trading at around $91122. Increased Selling Pressure from Miners This week, Bitcoins Miner Position Index (MPI) reached a yearly high, indicating increased selling pressure from miners who are cashing in on profits after Bitcoins recent surge to an all-time high of $89,940.

US-traded spot Bitcoin (BTC) exchange-traded funds (ETF) collectively hold approximately 1.07 million BTC as of Nov. 14, worth nearly $96 billion at current prices. Bloomberg ETF analyst James Seyffart highlighted that the ETFs might soon surpass Bitcoin's pseudonymous creator Satoshi Nakamoto's stash, estimated at 1.1 million BTC.

Bitcoin (BTC) recently reached a new all-time high (ATH) of $93,477, as the leading digital asset inches closer to the highly anticipated $100,000 target. Notably, the ongoing price rally has seen relatively muted profit-taking, fueling hopes that BTC has further room to surge.

Bitcoin price saw a short-term correction from the $93,450 zone. BTC is now consolidating gains near $87,000 and might attempt another increase in the near term.

Bitcoin's price tumbled after the United States Federal Reserve Chair Jerome Powell cast doubt on an interest rate cut in December.

Goldman Sachs' increased investment in Bitcoin ETFs signals growing institutional confidence in cryptocurrency as a mainstream asset class. The post Goldman Sachs holds $461 million in BlackRock's IBIT, new filing reveals appeared first on Crypto Briefing.

XRP rallies 12% as SEC Chair Gensler hints at resignation; could the SEC withdraw its Ripple appeal?

The Bitball league will let players earn in Bitcoin, aiming to cut out middlemen and create lasting wealth for athletes, Okung told Decrypt.

Skybridge Capital's founder predicts bitcoin could reach $150,000 with eased regulations, noting that the Trump administration's approach could help depoliticize crypto policy. Can Depoliticized US Policy Finally Push Bitcoin to $150,000? Skybridge Capital founder Anthony Scaramucci shared insights into potential U.S. policy changes affecting bitcoin and cryptocurrency in an interview with Saxo.

BlackRock's Bitcoin ETF, known as IBIT, has achieved a remarkable feat by surpassing $40 billion in assets under management (AUM) in just 211 days. This rapid growth places IBIT in the top 1% of all ETFs by AUM and sets a new benchmark for speed in the ETF industry.

The Royal Government of Bhutan recently sold 367 Bitcoin, valued at approximately $33.5 million, via Binance.

Pennsylvania legislature introduced a bill to allow the state to allocate up to 10% of its treasury to Bitcoin.

The difference between Bitcoin's realized cap and market cap is an underrated indicator of the phases of Bitcoin's price cycles. The realized cap shows Bitcoin's value based on the last price each coin moved, showing the actual capital invested into the asset.

With its incredible surge to $91,000, Bitcoin has raised expectations that it will soon reach the $100,000 mark. Bitcoin is gaining significant traction thanks to a combination of institutional interest, increased retail participation and positive market sentiment.

Donald Trump's 2024 election victory could herald significant shifts in cryptocurrency policies, potentially positioning the U.S. as a leading digital currency powerhouse.

The DOJ has sentenced the Bitfinex hacker to prison for laundering 120,000 stolen bitcoins from the 2016 hack, using sophisticated methods to hide the theft. DOJ Secures Prison Sentence for Bitfinex Hacker The U.S.

Bitcoin (BTC) could surge to $180,000 within the next year, driven by increasing institutional interest and supportive government policies, according to VanEck's head of digital assets research Matthew Sigel.

A man whose 2016 hack of Bitfinex drained nearly 120,000 bitcoin from that cryptocurrency exchange was sentenced to five years in prison for a money laundering scheme that he and his wife pulled off to hide the swiped crypto.

Bitfinex hacker, Ilya Lichtenstein, has been sentenced to five years in prison for his involvement in one of the largest cryptocurrency thefts in history. Lichtenstein and his wife, Heather Morgan, were arrested in February 2022 after authorities linked them to the 2016 crypto hack of Bitfinex, resulting in the theft of 119,754 Bitcoin.

Republican Senator Cynthia Lummis of Wyoming plans to introduce legislation to increase the government's Bitcoin holdings by selling a portion of the Federal Reserve's gold.

In 2016, Lichtenstein purportedly hacked into the crypto exchange Bitfinex and stole bitcoin worth over $10 billion today.

Bitcoin's correction reflects investors' inflation concerns and highlights the potential impact of future US fiscal policies.

Bitcoin reached a new all-time high but faced a slight pullback, with major Binance withdrawals suggesting long-term sentiment.

Michael Saylor says the US should and will build a reserve of bitcoin and explains why it is the greatest deal of the 21st century.

Joe Moglia, former CEO of TD Ameritrade, projected that Bitcoin (BTC) is primed for substantial growth, reinforcing its position as a vital asset in the global financial landscape. Moglia made the statement during a CNBC interview on Nov.

Matthew Sigel, head of digital assets research at Vaneck, projects a significant upward trajectory for bitcoin, setting a target price of $180,000. Bitcoin Could Reach $180,000 by Next Year, Says Vaneck's Sigel Sigel's outlook on bitcoin (BTC) remains bullish, fueled by what he identifies as indicators of a continued rally.

The Bitcoin price has soared to a new all-time high, driven by the bullish sentiment generated by the Donald Trump effect following the just-concluded US Presidential elections. The last time Trump won the US election in 2016, Bitcoin experienced a similar bullish reaction, surging to new ATHs around that time.

Bhutan made a move by selling 367 Bitcoin (BTC) worth about $33.5 million on Binance. Is Bhutan utilizing the BTC surge?

The CEO of the largest crypto exchange in the US thinks the digital asset industry is entering a new phase. In a new interview on CNBC, Brian Armstrong says that Donald Trump's successful bid to return to the White House and the victory of pro-crypto legislators in the recent elections will be bullish for crypto.

BTC's price surge is driven by bullish market sentiment, political changes, and increased adoption.

Bitcoin's price movements following Trump's victory this year resembles its rally following the 2020 presidential election.

Senator Cynthia Lummis has a plan. In a sweeping move that would upend the U.S. financial status quo, the Wyoming Republican wants the Federal Reserve to trade part of its gold stash for Bitcoin.

Bitcoin (BTC) recently made headlines by briefly surpassing silver to become the eighth-largest global asset by market capitalization. This milestone highlights the growing recognition of Bitcoin as a serious contender in the global asset hierarchy, attracting the attention of both traditional investors and analysts alike.

According to a latest Bloomberg report, Republican Senator Cynthia Lummis of Wyoming has proposed to sell a part of the Federal Reserve's gold holdings to purchase one million Bitcoins for the creation of a strategic bitcoin reserve.

Pennsylvania State Representative Mike Cabell has introduced a bill in the keystone state's House of Representatives which would see up to 10 percent of the state's funds comprised of Bitcoin, reports emerged Thursday, November 14. The move comes as the Satoshi Nakamoto-created token's value soared to new heights this week, surpassing $93,000 on Wednesday. The post Pennsylvania House Introduces Bill to Hold Bitcoin as Reserve Asset on State Balance Sheet appeared first on Cryptonews.

Bitcoin is on a blistering run. But if analysts are to be believed, this is only the beginning.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Historically, gold and the U.S. dollar are the strongest “safe-haven” contenders during Bitcoin or general market crashes.

Many leveraged positions appear to be in jeopardy due to Bitcoin‘s recent price rally, which has formed new liquidation levels along the way. As the crypto asset continues to demonstrate potential for upward movement, investors are advised to proceed cautiously and reassess their positions to avoid substantial losses.

Crypto analyst Miles Deutscher has pointed to a promising technical setup in TOTAL3, fueling speculation that the altcoin season cycle may close. The analyst comments come as the broader crypto market sees a notable bounce, with Bitcoin (BTC) briefly crossing $93,000 and several altcoins showing strong gains.

President-elect Donald Trump's proposal to establish a national Bitcoin (CRYPTO: BTC) reserve has sparked a wave of support across the United States, with Pennsylvania leading the charge by considering its own state-held cryptocurrency reserve. What Happened: This movement aligns with Trump's promise to make the U.S. the "crypto capital of the planet" and has fueled legislative efforts to recognize Bitcoin as a secure state asset, FOX Business reports.

Two Pennsylvania lawmakers have co-sponsored a bill pushing for the state to create a "strategic bitcoin reserve."

An ancient Bitcoin (BTC) wallet suddenly sprung to life this week after 13 years of dormancy, according to the crypto tracker Lookonchain. Lookonchain notes the unknown address received 426.3 BTC on July 29th, 2011, when the price of BTC was only $13.49, meaning the wallet's entire trove was worth $5,753.

As President-elect Donald Trump prepares to take office again in January, his proposal to create a national Bitcoin reserve is gaining momentum across the United States. Several states are now reportedly considering plans to establish their own cryptocurrency reserves, reflecting a broader movement to recognize Bitcoin as a legitimate store of value.