Matt Hougan, Chief Investment Officer at Bitwise Asset Management, shared his thoughts on the crypto market in a memo published on October 9, detailing what needs to happen for Bitcoin to hit $80,000 by the end of the year.

Bitwise Chief Investment Officer Matt Hougan has outlined a “playbook” for Bitcoin (CRYPTO: BTC) to reach $80,000 by the end of 2024, highlighting key factors that could drive the cryptocurrency to new heights. What Happened: In his memo on Wednesday, Hougan reaffirms his prediction from last year, emphasizing that this forecast is conditional on several factors, primarily related to political, economic and crypto-specific developments.

Bitwise's Chief Investment Officer, Matt Hougan, believes Bitcoin could still reach new all-time highs of $80,000 this year but only under specific conditions. In an Oct.

It's hard to know what to say about this documentary except that it's both a marvel of creativity and cynicism.

"Historically, when [Bitcoin] active addresses surge like this, it often precedes or accompanies price increases," an analyst told Decrypt.

Bitcoin represents a new frontier for wealth accumulation among younger generations. Instead of pursuing increasingly expensive real estate, younger investors might consider allocating funds to bitcoin, says Cyrus Ip, head of content, Bybit.

Bitcoin (BTC) is currently showing no momentum, and its sideways movement has continued. It seems that the largest cryptocurrency on the market is stuck in this consolidation range around $60,000 to $62,000.

TL;DR The US government may sell 69,370 Bitcoins, valued at around $4.3 billion. Peter Schiff ironically suggested that Michael Saylor should borrow $4.3 billion to buy these Bitcoins. The potential government sale could influence the cryptocurrency market and the upcoming presidential election.

Bitcoin's consolidating price has a trader suggesting a big move is imminent, though uncertainty remains about the direction of BTC price in the coming days.

Major crypto exchange Coinbase has officially announced that its users can now send Bitcoin (BTC) to Taproot addresses, expanding access to more on-chain destinations and improving the overall user experience for those leveraging the major Bitcoin upgrade.

The Irish Criminal Assets Bureau has been unable to access $380 million in Bitcoin seized from convicted drug dealer Clifton Collins in 2019, as the digital keys required to unlock the funds were lost, according to a Wednesday report from The Irish Times.

On Wednesday, seasoned trader Peter Brandt shared his long-term perspective on bitcoin, predicting it could reach $135,000 by August or September 2025. This forecast comes with a key caveat: for the projection to hold, bitcoin must stay above a crucial support level of $48,000.

In a recent analysis, a top expert predicts a potential BTC rally to $135,000, sparking market optimism. This prediction comes amid a flurry of recent bullish forecasts for Bitcoin price, which have further fueled discussions in the market.

Bitcoin (CRYPTO: BTC) could reach $80,000 to $90,000 if Republican nominee Donald Trump wins the U.S. presidential election in November, according to Bernstein analysts. What Happened: Amid a widening divergence in Trump's favor on the prediction market Polymarket, Bernstein analysts, Gautam Chhugani, Mahika Sapra and Sanskar Chindalia, stated in a note to clients on Wednesday that “A Trump win would be incrementally positive for bitcoin and crypto markets.

U.S. journalists have filed a motion to notify the public about the 2016 Bitfinex hack, which the exchange is the only confirmed victim of.

After the United States Supreme Court's recent decision to allow the government to sell the 69,370 Bitcoin (BTC) seized from the infamous Silk Road marketplace, a renowned economist and one of Bitcoin's most prominent critics has warned that this might happen very soon.

Peter Brandt, a seasoned veteran of the financial market with vast experience dating back to the 1970s, has published a new outlook on the price chart of the most popular cryptocurrency, Bitcoin (BTC). In his latest analysis, Brandt highlights the post-halving behavior of the coin as a key factor.

A new US government filing suggests that Bitfinex may be the sole entity eligible for restitution in connection with the 2016 hack that resulted in the theft of approximately 120,000 BTC.

Unknown large-scale activity involving Bitcoin (BTC) was spotted today around the major U.S.-based cryptocurrency exchange Kraken. As reported by Whale Alert, the cryptocurrency was actively withdrawn from the centralized platform to an unknown destination for 14 hours today.

HBO's “Money Electric” suggests Bitcoin developer Peter Todd is Satoshi Nakamoto, but contradictions and timeline errors abound.

Crypto tracker Whale Alert, which monitors large cryptocurrency movements and then shares the details of them on its X account, has spotted an ancient crypto whale, reactivating its wallet after nearly 14 years of dormancy.

If Cullen Hoback actually wanted to find Satoshi, he could have presented his findings to see if there wasn't a trivial flaw, Todd said.

Polymarket betting platform has seen over $1.5 billion wagered on the US presidential election. Its odds lean toward Trump, likely due to his pro-crypto stance.

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a notable decline on Wednesday, recording $18.66 million in net outflows.

Amid the crowded cryptocurrency market, three stand out above others.

Ethan Vera, co-founder and COO at Luxor stated that Ethiopia had increased its BTC hashrate as the 600 MW (megawatts) dedicated to mining was now fully operational. Avalon A1346 and Antminer S19J Pro models were Ethiopia's most popular mid-generation mining rigs.

A group of more than two dozen residents from Granbury, Texas, has filed a lawsuit against Marathon Digital Holdings, a major crypto miner firm, citing the excessive noise and vibrations from its local Bitcoin mining facility.

The CEO of the on-chain analytics firm CryptoQuant has explained how the Bitcoin whales have been showing a shift in their Realized Cap recently. New Bitcoin Whales Are About To Overtake Old Ones In a new post on X, CryptoQuant CEO Ki Young Ju has discussed the recent trend in the Realized Caps of the new and old Bitcoin whales.

Three private banks in Taiwan have expressed interest in offering crypto custodial services, with the initiative expected to begin in the first quarter of 2025.

As someone who's lived in both Asia and the West, I've noticed clear differences in how each views Bitcoin - with Asia as profit maximalists and the West being more philosophically driven.

Michael Saylor once claimed that you should never hold Bitcoin for less than four years because you are guaranteed to not lose money.

MicroStrategy CEO Michael Saylor once said that you should never hold Bitcoin for less than four years because you are guaranteed to not lose money. Here are the facts.

Ethiopia is quickly becoming a key player in Bitcoin mining, with local operations already consuming 600 MW of power, Ethan Vera, the co-founder and COO of Luxor Mining, reported, citing data from Ethiopian Electric Power. In an Oct.

Crypto mining giant Marathon Digital Holdings is facing a lawsuit filed by residents of Granbury, Texas, over what they claim is excessive noise pollution from the company's Bitcoin mining operations. Locals allege the noise has severely disrupted their health and quality of life, prompting them to seek legal action and a permanent injunction to halt the mining activities.

At 2:00 p.m. EDT. on October 2, the Federal Reserve will release the Federal Open Market Committee (FOMC) minutes for the monetary policy body's September 2024 meeting.

TL;DR Market Resilience: After a 10% correction, Bitcoin rebounded to $63,000, reclaiming the Short-Term Holder (STH) cost basis of $62,500, showing market resilience despite lighter trading volumes. Key Pricing Levels: The spot price remains above the True-Market Mean ($47,000) and Active Investor Price ($52,500), indicating strong demand support, but small fluctuations can significantly impact profitability.

Bitcoin (BTC) price today shows no directional bias and continues to consolidate in a tight range. Investors can expect BTC to break to the downside if the immediate support level fails to hold.

In a recent discussion on X (formerly Twitter), David Schwartz, Ripple CTO and one of the key architects behind XRP Ledger, addressed long-standing speculations about his involvement with Bitcoin's mysterious creator, Satoshi Nakamoto.

The Bitcoin, held in 12 wallets, was seized from a drug dealer who claims the seed phrases were lost in a break-in.

Coinbase joins Binance, OKX, and Kraken in supporting Taproot transactions, expanding the options available for Bitcoin users.

However, a "full-on melt-up" to $100,000 in a few months would require a broader crypto rally to juice market sentiment, Matt Hougan said.

Bitcoin has been stunted today as Beijing decided to hold off on new China stimulus measures aimed at supporting the economy.

Bitcoin and Ethereum ETFs experienced joint outflows on October 8, 2024, totaling $26.77 million

According to a report by crypto research firm K33 Research, Bitcoin (BTC) price could benefit from the latest developments in the FTX bankruptcy saga.

The $1.5 billion bet on the election is "real money in play and bettors would bet on probability than actually reflecting their bias," analysts said.

Ripple's chief technology officer (CTO), David Schwartz, has criticized a popular AI-powered online platform for the wording it chose to talk about victims of Bitcoin scammers. He does not believe it was a mere typo since, he said, AI is trained not to make typos.

Just over two months after BlackRock, a major asset manager heavily invested in cryptocurrencies, suggested that Bitcoin (BTC) and Ethereum (ETH) were the only two digital assets worth buying, here's how they have fared in terms of price since its team's public recommendation.