Galaxy Digital CEO Mike Novogratz is forecasting the potential price trajectory of Bitcoin (BTC) if the incoming administration of President-elect Donald Trump adopts the crypto king as a strategic reserve asset. In a Bloomberg interview, Novogratz says that Bitcoin could skyrocket by over 400% from the current level if the US builds a strategic BTC …
Yearly archives: 2024
ETH Price Update: Ethereum (ETH) Shows Strength Following $3,441 Peak
TLDR ETH recently hit $3,441 before experiencing a correction Currently consolidating above $3,100 support level Technical indicators show price remains above moving averages, suggesting continued bullish momentum Resistance levels identified at $3,400, with potential targets at $3,800 and $4,100 Support found at $3,100 with next major support at $2,800 Ethereum, the second-largest cryptocurrency by market …
Continue reading “ETH Price Update: Ethereum (ETH) Shows Strength Following $3,441 Peak”
Quadratic Funding and the Buffer Concept – A New Path to Economic Stability
HodlX Guest Post Submit Your Post The concept of ‘quadratic funding,’ which Vitalik Buterin discusses during his conversation with Lex Friedman, suggests that there is a mathematical way to return some portion of money to those who engage in philanthropy, or in the case of companies, allocate a percentage from a common pool. This idea …
Continue reading “Quadratic Funding and the Buffer Concept – A New Path to Economic Stability”
Bitcoin miners transferred over $4 billion in Bitcoin to exchanges as price hit $90,000
Bitcoin miners have moved more than 45,000 BTC to exchanges since Nov. 12 as the top crypto’s price surged past $90,000. CryptoQuant data shows that on Nov. 12, miners offloaded around 24,138 BTC as Bitcoin neared the $90,000 mark. This movement marked the second-largest daily outflow from miners this year. The next day, miners moved …
US Bitcoin ETFs now hold 1 million Bitcoin worth $96 billion
US-traded spot Bitcoin (BTC) exchange-traded funds (ETF) collectively hold approximately 1.07 million BTC as of Nov. 14, worth nearly $96 billion at current prices. Bloomberg ETF analyst James Seyffart highlighted that the ETFs might soon surpass Bitcoin’s pseudonymous creator Satoshi Nakamoto’s stash, estimated at 1.1 million BTC. Moreover, Bloomberg senior ETF analyst Eric Balchunas pointed …
Continue reading “US Bitcoin ETFs now hold 1 million Bitcoin worth $96 billion”
Tether launches tokenization platform called Hadron for institutions, governments
Tether launched a new tokenization platform called Hadron, which aims to service institutions, corporations, fund managers, and governments, according to a Nov. 14 press release. The platform will allow clients to tokenize assets ranging from stocks and bonds to stablecoins and loyalty points. Tether said Hadron offers seamless asset issuance, management, and investment opportunities through …
Continue reading “Tether launches tokenization platform called Hadron for institutions, governments”
Bitcoin’s Phantom Whale From 2010 Resurfaces With a 2,000 BTC Transfer
On Nov. 14, 2024, a mysterious mega whale, tracked by our newsdesk since 2020, splashed back onto the scene by shifting an impressive 40 block rewards from 2010—a total of 2,000 BTC. This rare transaction, the first of its kind in well over a decade, has onchain watchers buzzing as this major holder once again …
Continue reading “Bitcoin’s Phantom Whale From 2010 Resurfaces With a 2,000 BTC Transfer”
US State Introduces Bill to Establish Bitcoin Reserves in Treasury Funds
A Pennsylvania lawmaker has introduced a bill allowing state funds to invest in bitcoin as a hedge against inflation, aiming to strengthen financial stability. Bill Introduced in Pennsylvania to Build Bitcoin Reserves for State Funds Pennsylvania State Representative Mike Cabell announced Tuesday that he is introducing a bill to allow the state’s Treasury and pension …
Continue reading “US State Introduces Bill to Establish Bitcoin Reserves in Treasury Funds”
$500K Bitcoin: Novogratz’s Take on US BTC Reserve Plan
Galaxy Digital’s CEO predicts bitcoin could soar to $500,000 if Trump follows through with plans for a U.S. strategic bitcoin reserve, redefining global crypto policy. $500,000 Bitcoin? Bold Predictions as US Considers Strategic Crypto Reserve Michael Novogratz, CEO of Galaxy Digital, has predicted that bitcoin’s value could surge to $500,000 if the U.S. establishes a …
Continue reading “$500K Bitcoin: Novogratz’s Take on US BTC Reserve Plan”
Former SEC Chair Expects Pro-Crypto Shift in Trump Administration
Former SEC chairman predicts Trump’s administration could drive crypto-friendly legislation, easing regulatory constraints and fostering innovation within the digital asset industry. SEC Shake-Up: Could Trump’s Team Transform Crypto Legislation? Ex-SEC Chief Weighs In Jay Clayton, former chairman of the U.S. Securities and Exchange Commission (SEC), said on Wednesday that cryptocurrency legislation is likely to emerge …
Continue reading “Former SEC Chair Expects Pro-Crypto Shift in Trump Administration”
$150K Bitcoin: Scaramucci Sees Trump Depoliticizing Crypto, Fueling BTC’s Next Surge
Skybridge Capital’s founder predicts bitcoin could reach $150,000 with eased regulations, noting that the Trump administration’s approach could help depoliticize crypto policy. Can Depoliticized US Policy Finally Push Bitcoin to $150,000? Skybridge Capital founder Anthony Scaramucci shared insights into potential U.S. policy changes affecting bitcoin and cryptocurrency in an interview with Saxo. As an investor …
Is Gensler Resigning: SEC Chair’s Cryptic Remarks Ignite Exit Speculation
SEC Chair Gary Gensler’s reflection on his tenure has fueled speculation he may step down before Trump’s administration can move to replace him. ‘It’s Been a Great Honor to Serve…’ U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated the agency’s focus on enforcing compliance within cryptocurrency markets on Thursday in a speech at …
Continue reading “Is Gensler Resigning: SEC Chair’s Cryptic Remarks Ignite Exit Speculation”
Cardano Holders Unlikely To See Break of All-Time Highs for ADA, According to Analyst Jason Pizzino
A widely followed crypto analyst believes that Ethereum (ETH) rival Cardano (ADA) is unlikely to print new all-time highs this cycle. In a new video update, crypto strategist Jason Pizzino tells his 337,000 YouTube subscribers that ADA is not showing enough market strength so far this cycle, making an explosive breakout improbable at this point. …
Bitcoin Price Holds The Line: Is Another Surge Possible?
Bitcoin price saw a short-term correction from the $93,450 zone. BTC is now consolidating gains near $87,000 and might attempt another increase in the near term. Bitcoin started a downside correction from the $93,450 zone. The price is trading above $87,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line …
Continue reading “Bitcoin Price Holds The Line: Is Another Surge Possible?”
XRP Price Will Escalate To $1.03 This Week If This Happens: Analyst
Este artículo también está disponible en español. In a new analysis, crypto analyst Dark Defender (@DefendDark) highlights a significant pattern in the daily XRP/USDT chart that suggests a possible sharp rise in the price of XRP. According to his analysis, the XRP price is possibly forming a technical pattern known as a “bull flag” after …
Continue reading “XRP Price Will Escalate To $1.03 This Week If This Happens: Analyst”