Trader and investor Michaël van de Poppe says many in the crypto community underappreciate the impact of America’s ballooning debt.
Bitcoin Price news
Increasingly more analysts expect Bitcoin to breach the $100,000 mark before the end of 2024 as investor appetite was bolstered by Trump’s presidential victory.
A long-dormant string of code called OP_CAT could be the secret to unlocking the true potential of Bitcoin for DeFi and see it surge past Ethereum DeFi in the future.
The latest weekly crypto inflows of nearly $2 billion mark the fifth consecutive weekly inflows totaling $7.7 billion, or 24% of the total $31.3 billion inflows year-to-date.
With Bitcoin’s all-time high of $81,000, its market cap has surpassed $1.6 trillion, fueling crypto’s ongoing bull market.
Bitcoin brings the heat to risk assets as rapid new all-time highs spark widely varied BTC price targets.
About $180 million in short positions have been wiped as Bitcoin hit another new all-time high of $81,358.
CryptoQuant CEO Ki Young Ju tips Bitcoin to finish the year at $58,974 but another analyst disagrees, saying a major pullback is unlikely.
The Bitcoin stacking firm has bought Bitcoin 42 times at a dollar cost average of $39,292, according to Bitcoin Treasuries data.
Bitcoin rallied 6.15% on Nov. 10 to reach another new all-time high of $81,358.