Day: December 5, 2024

Bitcoin hit $100,000. Here’s what it means if it’s in your portfolio

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Bitcoin finally reached $100,000 and investors holding the cryptocurrency in their portfolios have a few moves they’ll need to make before they celebrate. The flagship crypto crossed the $100,000 threshold for the first time late Wednesday, a fresh milestone in its 2024 hot streak. This year alone, bitcoin has more than doubled in value. BTC.CM= YTD mountain Bitcoin’s performance in 2024 “It is a big moment for a lot of people,” said Tyrone Ross, CEO of Turnqey Labs, a platform that provides data aggregation for reporting on crypto assets. “There…

Bitcoin breaks $100,000 what to expect from Ethereum and altcoins

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Bitcoin crossed the $100,000 milestone on Wednesday, hitting a new all-time high at $104,088 on December 5. Crypto traders’ enthusiasm was rewarded with significant capital inflows to Spot Bitcoin ETFs and increase in BTC options trade volume.  Post Bitcoin’s rally to $100,000 (BTC), traders are looking for the next altcoin to shift their focus to, expecting higher returns as the cycle progresses. Capital rotation is likely while altcoin season is in play, and altcoins like Ethereum (ETH), Render (RNDR), Sui (SUI), Pepe (PEPE), Hyperliquid (HYPE) and Ondo (ONDO).  Bitcoin cycle…

Bitcoin HODLers book profits post-$100k ATH: report

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Long-term Bitcoin holders took profits following BTC’s rally to a $104,000 all-time high, CryptoQuant data showed. According to the analytics provider, the long-term holder spent output profit ratio, which tracks entry price versus selling price, increased after Bitcoin (BTC) crossed $100,000. The LTH-SOPR hit four on CryptoQuant’s chart, indicating that sellers made four times the amount spent on initially acquiring their Bitcoin. This suggests that recent sellers invested around the $20,000 level. BTC has not traded at this price since the market doldrums of 2022. LTH-SOPR metric as BTC investors…

Analyst Who Correctly Predicted The Ethereum Price Crash Against Bitcoin Reveals Where It’s Headed Next

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Este artículo también está disponible en español. The Ethereum price has returned above the $3,800 price level on the back of a 5% increase in the past 24 hours. Interestingly, this Ethereum price increase has come amidst a simultaneous increase in the performance of ETH against BTC in recent weeks.  According to crypto analyst Benjamin Cowen, this recent price action might actually be the earliest stages of Ethereum’s price increase against Bitcoin within the next six to 12 months. Analysing The ETH/BTC Pair The last two weeks were highlighted by…

Bitfufu Launches Private-Label Mining Pool With Competitive Commission Rates

Bitfufu, a cryptocurrency mining service provider, announced the launch of Bitfufu Pool, a private-label mining pool offering commission rates starting at 0.4%. Bitfufu Expands Services With Low-Commission Bitcoin Mining Pool The service, set to roll out next week, will be accessible via the Bitfufu app and is exclusively focused on Bitcoin mining. The company, Bitfufu […] Source CryptoX Portal

Sorry not sorry? Financial Times’ Alphaville issues apology for Bitcoin bashing

The Financial Times’ Alphaville blog issued a rare, snarky, and semi-humorous apology to readers, addressing its longstanding skepticism toward Bitcoin.  Since June 2011, Alphaville has consistently characterized Bitcoin (BTC) as a “negative-sum game” with limited utility, often describing its price as more reflective of hype than intrinsic value. But, with Bitcoin recently surpassing $100,000, the publication issued a lighthearted apology for its previous coverage that may have deterred readers from investing. In its apology, Alphaville acknowledged the impact its coverage may have had on readers’ investment decisions. “We’re sorry if…

What’s next for bitcoin after topping $100,000, according to the charts

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Bitcoin has finally reached the “the big round number.” After consolidating just below this level in recent weeks, bitcoin has now broken out to another new all-time high above $100,000, leaving investors to consider exactly how much upside we should expect. First, we’ll look at how we got to this point from a technical perspective. Then, we’ll break down two different approaches to identifying the next potential top for the flagship cryptocurrency. Over the past two years, we’ve noted a number of times where bitcoin has experienced such a strong…

Ethereum’s $4,000 Struggle: A Modest Gain Amid Bitcoin’s $100K Glory

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While bitcoin (BTC) climbed into the $100,000 range, ethereum (ETH) took a modest step upward with a 2% increase but still couldn’t cross the $4,000 threshold. ETH Faces a $4K Wall: Modest Gains as Market Eyes Bitcoin’s Triumph The second-largest cryptocurrency by market capitalization—and the 26th most valuable asset globally—ethereum has seen some positive movement, […] Original

Michael Saylor Predicts Bitcoin Market Cap Of $280 Trillion By 2045—What Will The Price Be?

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In a recent interview with Fox Business, Michael Saylor, co-founder and chairman of MicroStrategy, expressed an ambitious vision for Bitcoin (BTC), predicting a substantial increase in its overall market value over the next 21 years.  This forecast aligns with MicroStrategy’s ongoing strategy of intensifying its Bitcoin acquisition program, which has significantly influenced the company’s stock performance, linking it closely to Bitcoin’s price movements. Saylor Envisions Bitcoin Price Soaring To $13 Million Bitcoin has already reached a valuation of approximately $2 trillion, with its price hitting a new record of $104,000…