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news-imageDecember 17, 2024

Bitcoin Still in Bull Phase But Far From Euphoric Peaks: Bitfinex Alpha

Institutional adoption and demand from ETFs could push BTC as high as $339,000 in 2025, but the trend of diminishing returns could cap the asset's gains at $200,000.
Publisher: CryptoPotato
Sentiment: Positive
BTC

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Positive
cover-imageTrustnodes
December 17, 2024

Bitcoin Crosses $108,000

Bitcoin has risen above $108,000 for the first time with the currency gaining for much of the week ahead of the expected Fed cut tomorrow.

Positive
cover-imageCoinPedia
December 17, 2024

Are You Buying Bitcoin? Whales Add $7.3 Billion in BTC

Bitcoin (BTC), the world's largest cryptocurrency by market cap is gaining significant attention from crypto enthusiasts following its impressive performance. Today, December 17, 2024, a prominent crypto expert made a post on X (previously Twitter) that whales have purchased a significant 70,000 BTC worth nearly $7.30 billion.

Positive
cover-imageCoinPedia
December 17, 2024

Bitcoin Hits $108K For The First Time In History

In an exciting development, Bitcoin has hit the $108,000 level, and is currently trading at $108,223, up over 2% in the past day. Notably, Bitcoin is up almost 60% since the election, largely driven by Trump's incoming administration's support for cryptocurrencies, including the President-elect's promises to create a strategic Bitcoin reserve.

Neutral
cover-imageCryptoSlate
December 17, 2024

EU urged to follow El Salvador's lead with Bitcoin reserves by European MP

European Union Member of Parliament Sarah Knafo has urged the bloc to prioritize a Strategic Bitcoin Reserve instead of moving forward with the European Central Bank's (ECB) digital euro project. In a Dec. 17 video shared on X, Knafo criticized the ECB's plan for a centralized digital currency, arguing it risks financial freedom and overreach.

Neutral
cover-imageBenzinga
December 17, 2024

Is A Bitcoin Strategic Reserve A Good Idea? Expert Pushes Back: 'Just Buy BTC Yourself'

Austin Campbell, CEO of fintech company WSPN Payments, voiced strong opposition to the idea of a strategic Bitcoin reserve, advocating instead for personal ownership of Bitcoin (CRYPTO: BTC). What Happened: In a detailed thread posted on X on Sunday, Campbell acknowledged Bitcoin's value as an asset but warned against governments or corporations taking speculative positions in BTC.

Positive
cover-imageBitcoin
December 17, 2024

Bitcoin Technical Analysis: Breakout Looms as Resistance Nears $108K

Bitcoin's price reached $107,264 with a market capitalization of $2.12 trillion and a 24-hour trade volume of $104 billion, as its price fluctuated within a range of $103,768 to $107,821. Bitcoin On the 1-hour chart, bitcoin is hanging tight around $107,000, with a hint of selling pressure at the top of the daily range.

Positive
cover-imageBenzinga
December 17, 2024

CoinShares CEO Optimistic About Bitcoin ETFs, Ethereum Under Trump

CoinShares CEO Jean-Marie Mognetti expressed confidence regarding the future of Bitcoin (CRYPTO: BTC) ETFs and other cryptocurrencies such as Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) under the incoming administration of President-elect Donald Trump. What Happened: Mognetti highlighted the substantial inflows into U.S. Bitcoin ETFs following the election.

Positive
cover-imageThe Motley Fool
December 17, 2024

Should You Buy Bitcoin Below $115,000?

Bitcoin (BTC 3.33%), the world's largest cryptocurrency, has been one of the big headlines in 2024. Despite struggling earlier in the year, once falling below $40,000, the token didn't stay down for long, faring much better in the high-interest-rate environment than many expected.

Positive
cover-imageCrypto Economy
December 17, 2024

Bitcoin's 2025 Bull Run: Bitfinex Predicts a $200k Price Surge

TL;DR Bitfinex predicts Bitcoin could surge to $200,000 by mid-2025, driven by strong institutional demand and the launch of the first-ever spot crypto ETF. Historical data suggests post-halving years, like 2025, see the strongest rallies, with the April 2024 halving setting the stage for a bullish trend.

Positive
cover-imageInvezz
December 17, 2024

Metaplanet raises $30 million via zero-interest bonds to grow Bitcoin holdings

Japan-listed company Metaplanet is issuing 4.5 billion yen ($30 million) worth of zero-interest bonds to expand its Bitcoin holdings. This move aligns with its strategy to accumulate the cryptocurrency as a core asset. Metaplanet's move mirrors MicroStrategy's widely recognised approach of leveraging corporate reserves to acquire Bitcoin, positioning itself as a Bitcoin-focused business in Japan.

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