The high levels of FOMO suggest BTC might head south before another leg up.

The historic surge of Bitcoin after the American elections generated colossal gains for Wall Street, with profits estimated at 1.4 billion dollars solely from futures contracts, according to the latest data from Forbes.

Michael Novogratz, the billionaire founder of crypto investment firm Galaxy Digital, expressed skepticism regarding the likelihood of the United States establishing a Bitcoin strategic reserve, a proposal put forth by President-elect Donald Trump.

The Bitcoin network is on the verge of a groundbreaking upgrade with the introduction of OP_CAT.

In a recent interview with Bloomberg, Galaxy CEO Mike Novogratz claimed that a US Bitcoin Reserve was unlikely to pass. Although he said such a law would push Bitcoin to $500,000, Novogratz believes that President Donald Trump will have insufficient Senate support.

Spot Bitcoin exchange-traded funds in the United States continued their positive inflow streak for the sixth consecutive day, recording net inflows of $510.11 million on Nov. 13 as Bitcoin surpassed $93,000 for the first time.

Bitcoin made an impressive run after the U.S. Consumer Price Index report came as expected. But two more key events could add to the positive sentiment this week.

The crypto market pullback didn't last long, with Bitcoin resuming its upward march again this week.

Key Points:

From a $750,000 Bitcoin salary deal in 2021 to enduring a downturn, Miami Dolphins' Odell Beckham Jr. sure seems to have silenced critics.

Tesla, the electric vehicle giant, now holds Bitcoin worth over $1 billion, fueled by the current bull market. In February 2021, Tesla initially invested in Bitcoin, making headlines with one of the largest institutional buys in the cryptocurrency space.

The crypto market has been riding a positive wave since the previous day. The optimism has led to a 3.74% spike in market cap to $2.99 Trillion. However, despite the surge in valuations, the trade volumes have dipped 5.31%, with the numbers at $301.48 billion.

Mara Holdings continues to grow its bitcoin bag despite lower than projected Q3 earnings. Digital Assets Remain Key for Mara Holdings Mara Holdings' earnings report revealed the company added 8,280 bitcoin to its already existing portfolio of 18,467 bitcoin in Q3. This raised its total bitcoin holding to 26,747 BTC.

As Bitcoin (BTC) price rallied above $93k for the first time since its inception, it is now more than clear that the crypto bulls are in action.

According to Bitwise Chief Investment Officer (CIO) Matt Hougan, entering the Bitcoin (BTC) trade may not be too late. The executive recently said that until the flagship cryptocurrency hits $500,000, it's “still early.

Is Bitcoin poised to challenge gold for supremacy in the global asset hierarchy?

Coinbase Wallet is gearing up to launch its new “Tap to Pay” feature, aiming to make crypto payments as easy as a tap and as mainstream as traditional digital payments like Venmo, Cash App, and PayPal.

IBIT, BlackRock's Bitcoin ETF, is now worth $42.56 billion in total assets. It accomplished this task in one-sixth as much time as any other ETF, a staggering record for growth speed.

Bitcoin, the leading cryptocurrency, has long been synonymous with massive profits and dramatic price swings. The latest rally, which saw the price soar to $90,000 in November 2024, has captured the attention of investors and traders alike.

Bitcoin just hit a huge milestone, breaking past $93,000, even if it didn't stay there for long. It's been testing that resistance level for days, and finally, demand from the U.S. market seems to have pushed it over the line.

Cryptocurrency prices today continue to spark significant discussions among market traders and investors globally. While Bitcoin (BTC) price hit a new ATH over the past day, top altcoins mainly illustrated gaining trajectories.

Bitcoin (BTC) has just undergone one of the most extended accumulation periods in its history, according to popular crypto analyst Rekt Capital. This period of price consolidation has set the stage for a potential continued upward trend, leading experts to predict further growth for Bitcoin in the near future.

Despite minor sell-offs, bulls continue to dominate Bitcoin's price chart.

Bitcoin prices rose sharply today, blowing past the $90,000 level and setting a new record as the digital currency benefited from rising demand.

Out of 610 new ETFs this year, 19 of the top 50 are tied to Bitcoin, Ethereum, or crypto-heavy companies like MicroStrategy.

Key Points:

Bitcoin holds above $89,000 in a bullish channel, targeting key resistance at $91,280. Will BTC continue its upward momentum, or is a pullback imminent? The post Bitcoin Price Pulls Back But $90,000 in Sight – Is This Just a Pause Before the Next Big Pump? appeared first on Cryptonews.

Crypto exchange Gemini apologized for mistakenly issuing a Bitcoin price alert above $100k, blaming a technical error in its notification system. The post Crypto Exchange Gemini Apologizes for False Alert on Bitcoin Reaching $110K appeared first on Cryptonews.

The Bitcoin bull market is showing no signs of slowing down. Analysts are predicting even higher price levels for Bitcoin, with the price recently hitting new all-time highs. Here's a breakdown by analyst Josh of Crypto World, of the key factors driving this bullish momentum, including Bitcoin's chart patterns, market trends, and important price targets.

Bitcoin's futures market appears less overbought than in previous highs this year based on a condition known as contango.

Bitcoin's (CRYPTO: BTC) bullish turn since early September has reflected well on MicroStrategy Inc. (NASDAQ:MSTR), with the proxy firm increasing its valuation by $50 billion in the last two months. What happened: Widely considered a TradFi alternative to holding Bitcoin, shares of MicroStrategy hit a record closing high, past $350, earlier this week.

Ethereum price started a downside correction from the $3,450 zone. ETH is now consolidating and facing hurdles near the $3,250 resistance.

The largest cryptocurrency by market cap Bitcoin has surged past $93,000 fueled by US President-elect Donald Trump's pledge to ease crypto regulations. Meanwhile, this has sparked excitement on social media setting sights on an ambitious $100K target.

Bitcoin could soar to $100,000 following Donald Trumps election victory, as pro-crypto policies and surging demand for Bitcoin ETFs fuel market optimism. Analysts at Copper.co suggest the milestone may be hit by January, signaling a new era for digital assets.

Smart accounts will solve the “wallet trilemma” by optimizing for non-custodial control, convenience, and security.

Bitcoin price extended gains above $90,000. BTC is now consolidating gains near $90,000 and might attempt another increase in the near term.

Bitcoin has seen a significant surge in price recently, climbing to $87,378, and while some have attributed this to political events like Donald Trump's election victory, experts are largely focusing on another key factor: a supply shock following Bitcoin's halving event. According to Jesse Myers, co-founder of Onramp Bitcoin, while a Bitcoin-friendly administration may have played a role, the primary reason for this surge is the reduced supply of new Bitcoin entering circulation, creating a scarcity that drives up demand.

The current Bitcoin (BTC) rally could extend until mid-2025, with a potential price peak before a US recession. Bitcoin Could Peak In Mid-2025 Before US Recession A recent Copper Research report, a recent crypto research firm, posits that the leading cryptocurrency by market cap could extend its bullish momentum until mid-2025.

If approved, OP_CAT will introduce drastic changes to the Bitcoin network, including covenants, ZK-rollups, and even Bitcoin-native layer 2 networks.

Bitcoin (BTC) perpetual contracts denominated in Tether USD (USDT) show signs of overleveraging, with “open interest to USDT reserve ratio” reaching an all-time high at 0.593 on Nov. 10, according to CryptoQuant data. The firm's CEO, Ki Young Ju, said the current levels are 2.

Negative sentiment is gradually growing in the general crypto market once again, with major digital assets like Ethereum, the second-largest cryptocurrency, witnessing a notable setback that led to a slowdown of its renewed upside price momentum. Due to the sudden drop, several crypto analysts believe that the altcoin could face an extended bearish movement shortly.

Bitcoin's recent pullback to $85,155 after hitting an all-time high of $89,950 has generated plenty of discussion among cryptocurrency enthusiasts. With the market cooling off after eight consecutive days of upward momentum, traders and analysts are pondering whether this is just a temporary dip or the beginning of something bigger.

While the Ethereum overhaul promises several benefits, users have issues with the timeline.

Bitwise's Matt Hougan predicts $500,000 as bitcoin's maturity threshold, with $1 million “absolutely” possible as BTC rises to compete with gold.

Bitcoin (BTC) has hit new highs in recent days, with many users of crypto betting site Kalshi predicting that the largest cryptocurrency on the market could hit the $100,000 milestone before the end of 2024. According to recent data from the event contract market, 60% of users believe Bitcoin will hit this milestone before January, while 45% are betting it could achieve this level as early as November.

The nonprofit foundation supporting the Cardano ecosystem, the Cardano Foundation, has revealed in a recent report that as of Dec.31, 2023, it held $478.24 million in assets, with 82.5% of those being held in ADA, 10.1% in BTC, and the rest in cash and cash equivalents. According to the report, the foundation allocated $19.

Solana (SOL), the fourth-largest cryptocurrency has gained notable attention from the cryptocurrency community as it breaks out of bullish price action patterns. Following the breakout, SOL is currently consolidating near the support level of $204, indicating potential accumulation before a major rally begins.

Major South Korean bank, NongHyup Bank, is working on a crypto prototype to tokenize its VAT and other tax refund processes.