Day: March 10, 2024

Bitcoin Blasts Past $70,000 to Register New All-Time High

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The price of bitcoin has shattered records by briefly surging past the $70,000 mark earlier today, signaling a renewed wave of enthusiasm among investors. The top cryptocurrency experienced a steady climb throughout the week with a sustained 12% rally, aided by the introduction of spot bitcoin exchange-traded funds (ETFs) in the United States. At the time of writing, Bitcoin has settled within the $69K level, and trading at $69,436 with a 2% gain the last 24 hours, data from Coingecko shows. Bitcoin reached a peak of $70,171, surpassing its previous…

Speculation Intensifies Over US Banking Sector’s Fate as Fed’s BTFP Closure Looms

This weekend, many are intrigued by the potential outcomes following the cessation of the U.S. Federal Reserve’s Bank Term Funding Program (BTFP), launched amidst the significant banking collapses in March 2023. Some argue that the banking turmoil is far from over, suggesting it has merely been postponed, with institutions like New York Community Bancorp (NYCB) […] Source CryptoX Portal

Cardano Sparks Optimism As Analyst Predicts A Bullish Rally To $3

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Breaking through resistance levels, Cardano (ADA) has exhibited remarkable resilience in its recent price surge. Over the past month, the altcoin has demonstrated an impressive 40% increase, indicative of growing investor confidence. This positive trajectory is further highlighted by a steady 2% gain in the past week, emphasizing Cardano’s potential for sustained growth. Bullish Momentum Signals: Analyst Projects ADA To Reach $3 Crypto enthusiasts are turning their attention to Cardano as it approaches a crucial resistance level. Notably, Sssebi, a prominent crypto analyst, is optimistic about ADA’s future trajectory. Drawing…

Galaxy Digital CEO Anticipates BTC Reaching $100K This Year Citing ‘Runaway Momentum’ in Spot Bitcoin ETFs

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Galaxy Digital CEO Mike Novogratz firmly believes that bitcoin will reach $100K this year. “Right now there are more buyers and sellers,” he explained, adding that there is “runaway momentum” in bitcoin exchange-traded funds (ETFs). In addition, he pointed to a “new phase of bitcoin” as the asset class welcomes baby boomers. He further asserted […] Original

Bitwise CIO Predicts Bitcoin Bull Market Won’t End Early — Expects an ‘Everything Season’

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The chief investment officer at Bitwise Asset Management has explained why the current bitcoin bull market differs from prior bull markets. He doesn’t expect the bull market or the alts season to “end early,” emphasizing that he expects to see “more of an ‘everything season,’” rather than a classic alts season. Bitwise’s CIO Predicts an […] Original