Bitcoin is on the cusp of reaching a value of $100,000, following a recent price surge. In the US, over $1 billion has flown into Bitcoin exchange-traded funds (ETFs), with
Markets news
The CoinDesk 20 Index increased 2.24% to 3,048.35, while Bitcoin rose 4.55% to approach $98,000, nearing the significant $100,000 milestone. Ether also experienced a 6.06% raise, being priced at $3,284.40.
The departure of SEC Chairman, Gary Gensler, prompted speculation of a more lenient cryptocurrency environment and boosted XRP’s prices by 25%.
, Despite Ripple Labs’ legal issues in 2020, XRP’s
Solana’s native token, SOL, has rebounded from its 95% drop following the 2021 crypto winter, achieving a new all-time high above $263. Positive factors supporting the increase include popular meme
MicroStrategy’s stock experienced a double-digit loss, finishing the day down 16.2%, despite Bitcoin surging to a new record. Citron Research’s Andrew Left has started to short MicroStrategy’s stock, citing its
Bitcoin long-term holders are speeding up likely profit-taking, as data shows their net BTC position dropping compared to a month ago.
MicroStrategy offers leveraged Bitcoin exposure, amplifying risk but potentially offering higher returns with repurchasing options.
Bitcoin price targets for 2025 range from $100,000 to $200,000, but a fractal indicator warns about a 40% crash first.
Bitcoin is nearing a $2 trillion market cap after adding $30,000 in value since the US presidential election, and only needs to reach a price of about $101,000 per unit
Phillip Banks, creator of the “Chill Guy” meme, has copyrighted the character, threatening profit-related usage with takedown notices. This threatens the CHILLGUY token, a meme-inspired cryptocurrency which sparked a viral