Day: December 7, 2024

Engineer Predicts Milestone On ‘Strong Fundamentals’

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Este artículo también está disponible en español. After hitting a high of $2.82 last December 3rd, Ripple’s XRP has suffered a minor correction and is now trading between $2.25 and $2.50, CoinMarketCap data shows. Last December 1st, XRP briefly went below $2.00 and has consolidated above this level for days. Related Reading Like most digital assets in recent days, XRP is undergoing extreme market volatility. However, for Vincent Van Code, a software engineer, the Ripple’s altcoin is poised to hit $5 under these market conditions. Van Code’s comments come when…

Former Silvergate Bank CTO and Trump’s ‘Crypto Czar’ David Sacks Speak Out on Operation Choke Point 

Operation Choke Point 2.0, a campaign of regulatory pressure against cryptocurrency firms, has sparked a fresh wave of criticism from notable industry figures, including former Silvergate Bank Chief Technology Officer Chris Lane and entrepreneur David Sacks, recently appointed “Crypto Czar” by President-elect Donald Trump. Operation Choke Point 2.0 Under Fire from Industry Voices and Trump’s […] Source CryptoX Portal

XRP Price Forecast – Analyst Sets $4 Target After Potential Retrace

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Este artículo también está disponible en español. XRP has seen a sharp 25% pullback from its recent local high of $2.90, leaving investors questioning its next move. Despite the correction, many analysts remain optimistic about XRP’s potential to regain momentum, while others predict a deeper retrace before any significant rally. The market appears divided, with bulls eyeing a potential breakout and skeptics bracing for a quiet sell-off. Related Reading: Dogecoin Still In Consolidation – Analyst Expects $0,63 If We Get A Breakout Crypto analyst Harry weighed in on the discussion,…

Spot Bitcoin ETFs Flip Nakamoto To Become Largest BTC Holder

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Este artículo también está disponible en español. US Spot Bitcoin ETFs have significantly transformed both Bitcoin and the broader crypto industry. These ETFs have seen their value and holdings grow massively since their launch in January 2024, breaking multiple ETF records in traditional finance. Related Reading As it stands, US Spot Bitcoin ETFs have now surpassed BTC’s elusive creator, Satoshi Nakamoto, as the largest holder of Bitcoin.  A Historic Milestone For Bitcoin ETFs US Spot Bitcoin ETFs have reached a remarkable milestone, becoming the single largest holder of the top…

Bitcoin remains volatile despite $103k milestone: Scaramucci

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SkyBridge Capital founder Anthony Scaramucci has shared a measured perspective on Bitcoin’s volatility amid recent price surges. Speaking to Yahoo Finance, Scaramucci stressed the importance of long-term investment horizons and institutional adoption of Bitcoin (BTC). He detailed both the risks and opportunities in the current crypto market environment. “Bitcoin is the type of asset, I always tell people, if you’re going to buy Bitcoin, you got to hold it for a four-year period of time,” Scaramucci stated. Scaramucci points out recent Bitcoin pullback During the conversation, Scaramucci pointed to the…

US Treasury Acknowledges Bitcoin as ‘Digital Gold’ in Fiscal Report

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The U.S. Treasury’s Fiscal Year 2024 Q4 Report describes how “digital assets have witnessed rapid growth albeit from a small base,” highlighting bitcoin’s “primary” function as a “store-of-value.” Treasury’s Bitcoin Remarks Ignite Conversations Among Enthusiasts On Saturday, enthusiasts on X buzzed over the Treasury’s comparison of bitcoin to “digital gold.” The report, crafted by the […] Original

Shiba Inu Braces For Rally

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Este artículo también está disponible en español. This past few days has been quite the week for Shiba Inu, the second-largest meme coin by market valuation. The token saw a minor drop following a rejection over the weekend, but it began the month of December strongly with a price increase on the 1st. Related Reading Analysts continue to feel optimistic about the future for Shiba Inu while the market gets volatile but project that a considerable breakout should push the prices up. Despite some turbulence in the market, analysts are…

MicroStrategy hits $40b in Bitcoin, Saylor draws criticism

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A prominent investment expert has raised concerns about MicroStrategy’s aggressive Bitcoin accumulation strategy, even as the company’s holdings reach $40.01 billion. The warning comes as the company’s portfolio shows unrealized gains of 70.35% ($16.52 billion) on its total investment. Gavin Baker, managing partner and chief investment officer of Atreides Management LP, highlighted potential risks in MicroStrategy’s debt-fueled Bitcoin (BTC) acquisition strategy during a recent All-In Podcast appearance. MicroStrategy’s BTC holdings: SaylorTracker The company, under Michael Saylor’s leadership, has accumulated 402,100 BTC. Baker specifically warned about the growing disparity between MicroStrategy’s…