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news-imageDecember 16, 2024

Bitcoin Rainbow Chart Signals $500K Peak in Current Cycle

Bitcoin's price trajectory is currently showing signs of a potential $500K peak in this cycle, a scenario that many crypto enthusiasts have long speculated about. The Bitcoin rainbow chart, a popular tool used to predict the cryptocurrency's long-term price trends, suggests that the leading cryptocurrency might be heading toward a “supercycle.
Publisher: The Currency Analytics
Sentiment: Positive
BTC

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cover-imageThe Currency Analytics
December 16, 2024

Corporate Giants Turn to Bitcoin Treasuries Amid Economic Uncertainty

World's largest corporations are exploring a new avenue for securing their wealth: Bitcoin (BTC). As traditional markets fluctuate and the value of fiat currencies remains unpredictable, major firms such as MicroStrategy, Tesla, and Tether Holdings are increasingly turning to Bitcoin to diversify their corporate treasuries.

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cover-imageBenzinga
December 16, 2024

Bitcoin Hits New All-Time Above $107,000, Ethereum, XRP, Dogecoin Follow Higher As Traders Target $115,000 And More

Bitcoin hit a new all-time high of $107,822 according to Coingecko data on Monday, as bullish hopes are fueled by President-elect Donald Trump reportedly contemplating an executive order to establish a Strategic Bitcoin Reserve. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $106,240.24 +3% Ethereum (CRYPTO: ETH) $4,052.99 +4% Solana (CRYPTO: SOL) $217.53 -1.5% XRP (CRYPTO: XRP) $2.48 +2.8% Dogecoin (CRYPTO: DOGE) $0.4049 +0.8% Shiba Inu (CRYPTO: SHIB) $0.00002744 -0.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 2.9% and daily active addresses falling by 0.4%.

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cover-imageCoingape
December 16, 2024

Bitcoin Reaches New ATH Amid Growing Strategic BTC Reserve Optimism

Bitcoin jumped to a fresh high above $107,000 on Monday as crypto bulls were left giddy with excitement after President-elect Donald Trump floated the possibility of setting up a US strategic BTC reserve. The world's biggest cryptocurrency hit a record peak of $107,039 and was last trading 3.64% higher at $106,984 at the time of

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cover-imageCrypto news
December 16, 2024

Bitcoin hits new record high with surge to $107k

Bitcoin has smashed past another record level with a surge to a new all-time above $107,000. After reclaiming the psychological $100,000 level, Bitcoin (BTC) strengthened further, reaching highs of $107,172 on U.S.-based crypto exchange Coinbase.

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cover-imageCryptopolitan
December 16, 2024

6 Next Cryptos to Explode After Bitcoin Hits $106k

Bitcoin has been trading comfortably above the $100k mark ever since its all-time high push on December 16. While in retracement mode, the largest cryptocurrency by market cap has been priming HODLers for another run, this time trying to turn the $106k resistance level into support.

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cover-imageBitcoin
December 16, 2024

BTC Mania: Bitcoin's Meteoric Rise Past $107,000

Bitcoin (BTC), the world's leading cryptocurrency, soared to an unprecedented all-time high of $107,140, driven by a confluence of factors reshaping global markets. Bitcoin Smashes Records: $107,140 and Counting This latest price milestone on Monday highlights the growing prominence of digital currencies as mainstream financial assets.

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cover-imageCointribune
December 16, 2024

The Bitcoin/Gold Ratio Is Breaking All Records

The Bitcoin/gold ratio, a key indicator of the purchasing power of crypto against the precious metal, has reached an all-time high of 40 ounces of gold per BTC. This performance reflects the spectacular rise of BTC, which has surpassed the $106,000 mark today, December 16, consolidating its role as the "new digital gold.

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cover-imageBenzinga
December 16, 2024

Bitcoin As 'Neutral Reserve Asset' Could Overhaul Financial System, Says Analyst

Prominent financial analyst Luke Gromen sees Bitcoin (CRYPTO: BTC) or gold potentially serving as solutions to mounting economic challenges in the face of increasingly precarious sovereign debt situations. What Happened: In a recent episode of the ‘What Is Money' podcast with Robert Breedlove, Gromen pointed to the U.S.'s $36 trillion debt, warning of its long-term instability.

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