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news-imageNovember 15, 2024

Bitcoin Is Like Gunpowder And That Is Why Sovereign States Can't Refuse Its Adoption, Says Crypto Analyst

In a unique perspective, a cryptocurrency analyst equated Bitcoin (CRYPTO: BTC) to gunpowder, arguing that sooner or later sovereign nations would be compelled to adopt the leading cryptocurrency. What Happened: Matt Huang, CEO of cryptocurrency-focused investment firm Paradigm, penned a blog post Thursday, highlighting Bitcoin's growing prominence.
Publisher: Benzinga
Sentiment: Positive
BTC

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Positive
cover-imageCrypto Economy
November 15, 2024

VanEck Says Bitcoin's Path to $180K Has No Technical Resistance

TL;DR VanEck predicts Bitcoin could reach $180,000 by 2025, with no technical resistance in its path, according to Matthew Sigel, head of digital assets research. Bitcoin has surged nearly 30% since November 5, reaching a record of just under $93,490, driven by favorable sentiment following Donald Trump's return to the U.S. presidency.

Positive
cover-imageDecrypt
November 15, 2024

Goldman Sachs Discloses $710 Million Bitcoin ETF Holdings in SEC Filing

Goldman Sachs has significantly expanded its Bitcoin ETF holdings, as revealed in its latest 13F filing with the U.S. Securities and Exchange Commission (SEC). The Wall Street giant holds $710 million across various Bitcoin exchange-traded funds (ETFs), according to its latest SEC filing for the quarter ending September 30.

Positive
cover-imageBitcoinist
November 15, 2024

Bitcoin Top In? Binance Withdrawals Could Suggest Otherwise

On-chain data shows Bitcoin has continued to flow out of the cryptocurrency exchange Binance even after its latest high above $93,000. Bitcoin Binance Netflow Has Been Seeing Negative Spikes Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the Exchange Netflow for Binance has registered negative values recently.

Negative
cover-imageCrypto Daily
November 15, 2024

Bitcoin ($BTC) falls after hawkish comments from Fed chairman Powell

From a fairly comfortable expectation of another Fed rate cut in December, the market has reacted negatively to Fed Chairman Jerome Powell's remarks on Thursday, hinting that a December rate cut may not be forthcoming. Stocks fell on the news, and Bitcoin ($BTC) suffered a deeper retracement before staging a recovery early on Friday.

Positive
cover-imageCoinPedia
November 15, 2024

Goldman Sachs Shocks Wall Street with $710M Bitcoin ETF Bet

Goldman Sachs has reported a big increase in its Bitcoin ETF holdings, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). As of September 30, the bank held $710 million in Bitcoin ETFs. This includes a 156% increase in $BITB shares and a 116% rise in $GBTC shares since August.

Positive
cover-imageThe Currency Analytics
November 15, 2024

Bitcoin's Future: Bitwise CIO Says You're Still Early at $88K

Bitcoin has been on a tear, recently surpassing $88,000, but for Matt Hougan, the Chief Investment Officer (CIO) at Bitwise Asset Management, this is just the beginning. Despite the impressive rally, Hougan told investors that they are still early in the game and Bitcoin has much further to go—potentially up to $500,000 per coin before reaching maturity.

Neutral
cover-imageInvezz
November 15, 2024

The Trump effect: Bitcoin's wild ride takes a breather

The Bitcoin market, ablaze with speculative fervor following Donald Trump's election victory, is experiencing a period of relative calm as investors await concrete policy developments. The cryptocurrency's meteoric rise, fueled by Trump's pro-crypto stance, appears to be moderating, prompting traders to reassess their positions.

Positive
cover-imageCoinPedia
November 15, 2024

ChatGPT Predicts: When Will Bitcoin Price Hit $100K?

Currently, the Bitcoin price is trading at $87,926, a quick retracement below the $93,000 peak. This comes with an intraday drop of 2.38%. However, the market cap of Bitcoin remains at $1.7 trillion. As the 7-day trend remains positive with a 15.45% jump, Bitcoin has increased nearly 32% over the last 30 days.

Negative
cover-imageNewsBTC
November 15, 2024

Dogecoin & Co. Take Over Social Media: Why Memecoin Frenzy Is Bad For Bitcoin

Data shows Dogecoin and other meme coins are receiving a significant amount of attention on social media, a sign that may not be ideal for Bitcoin. Top 6 Memecoins Have Seen Their Social Dominance Rocket Up Recently In a new post on X, the analytics firm Santiment has discussed about the trend in the Social Dominance for a few different subsections of the cryptocurrency sector.

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