Day: December 5, 2024

The road to $100,000 — What’s behind bitcoin’s storied 2024 run

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A novelty Bitcoin token arranged in front of the price of the cryptocurrency against the US dollar, reaching over $100,000, in Hong Kong, China, on Thursday, Dec. 5, 2024.  Paul Yeung | Bloomberg | Getty Images Bitcoin‘s long-awaited push above $100,000 comes during the culmination of a year in which the leading cryptocurrency was embraced by key Wall Street institutions and became a hot topic in the U.S. presidential election. For years, bitcoin bulls predicted a rally to $100,000 as a way to show their optimism about crypto. But many…

27,000 BTC Moved From Mt Gox Wallet as Bitcoin Hits $104K

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Bitcoin soared past $100,000 on the strength of institutional adoption, leading to the movement of Mt Gox bitcoin yet again. Mt Gox Bitcoin on the Move Again Bitcoin‘s historic six-figure moment arrived on Dec. 4 when the number one cryptocurrency crossed the $100,000 mark. Strong institutional investments in exchange-traded funds (ETFs), growing national adoption, and […] Original

Exploring Cross-Chain Bridges: Enhancing Blockchain Interoperability

Luisa Crawford Dec 05, 2024 14:30 Cross-chain bridges facilitate secure data and asset sharing between blockchains, enhancing interoperability, DeFi opportunities, and user flexibility within the blockchain ecosystem. The rapidly expanding cryptocurrency landscape, encompassing a multitude of blockchains beyond Bitcoin and Ethereum, has given rise to a critical need for interoperability. Cross-chain bridges have emerged as a solution, enabling secure data and asset transfers between disparate blockchains, according to Chainalysis. Understanding Cross-Chain Bridges Cross-chain bridges act as the connective framework allowing different blockchains…

Trump celebrates Bitcoin’s $100k milestone in Truth Social post

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Incoming President Donald Trump celebrated Bitcoin’s historic price surge as the cryptocurrency hit six figures, sparking optimism among investors. Bitcoin (BTC) reached an all-time high of $100,000 on Dec. 4, marking a historic milestone for the world’s largest cryptocurrency. Former President Donald Trump took to Truth Social to commemorate the event, posting, “CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU’RE WELCOME!!! Together, we will Make America Great Again!” The price jump represents an approximate 7% increase in value, boosting Bitcoin’s market capitalization to $2 trillion. According to Asset Market Cap, Bitcoin is now the…

Bitcoin mining, TradFi and commodity trading

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Tether CEO Paolo Ardoino reveals some of the stablecoin firm’s recent investments in a variety of sectors, ranging from Bitcoin mining, TradFi to payments for commodity trades. During ann interview at the Emergence Conference in Prague on Dec. 5, Paolo Ardoino stated that Tether (USDT) has made more than $13 billion in profits. Tether currently has more than $135 billion in market cap and more than $6 billion in additional excess equity. Those funds are used to expand on Tether’s ever-growing stablecoin investment portfolio. “When the stable coin and the…

What Fed’s Powell said about crypto that may have aided bitcoin rally to $100,000

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Jerome Powell, chairman of the US Federal Reserve, during the New York Times DealBook Summit at Jazz at Lincoln Center in New York, US, on Wednesday, Dec. 4, 2024.  Yuki Iwamura | Bloomberg | Getty Images Bitcoin’s meteoric run may have gotten a little extra push from an unlikely source: Federal Reserve Chair Jerome Powell. In comments Wednesday about the cryptocurrency, the central bank leader noted that he does not and cannot own any himself. In addition, he said the Fed’s role in regulating bitcoin and its competitors is limited.…

Tron (TRX) Leads The Market With Rally To New ATH, $0.5 Next?

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Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities…

Crypto Exchanges Spot Volume Hits $1.9T as Bitcoin Surges 40% in November 2024

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Bitcoin to replace gold over next decade, says Bernstein

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Bernstein thinks bitcoin could eventually replace the role of gold. “We expect Bitcoin to emerge as the new-age premier ‘store of value’ asset eventually replacing Gold over the next decade, and becoming a permanent part of institutional multi-asset allocation and a standard for corporate treasury management,” analyst Gautam Chhugani wrote in a note Thursday. The comments come after bitcoin hit $100,000 for the first time, adding to its monster 2024 gains. Year to date, the digital currency is up 141%. A chunk of those gains have come since the Nov.…