Day: April 28, 2025

Bitcoin could hit $210K in 2025, says Presto research head

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Peter Chung, head of research at quantitative trading firm Presto, has repeated his prediction that Bitcoin (BTC) will reach $210,000 by the end of 2025. In an April 28 interview with CNBC, Chung cited institutional adoption and global liquidity expansion as the primary drivers behind his long-term bullish outlook. The analyst acknowledged that market conditions this year haven’t been as expected, specifically the challenging macroeconomic environment and market reaction. However, he described the recent corrections as a “healthy” adjustment, suggesting they have laid a stronger foundation for Bitcoin’s progression toward…

Why do crypto bros like freedom cities?

When Donald Trump was running for president, he pledged to build 10 new US cities, dubbed “freedom cities,” from scratch, designed to improve the quality of life for Americans.  These new high-tech communities were to be created on public land, and they were going to be free of the “nightmare of red tape,” including lengthy environmental reviews, that had hampered the development of affordable housing in many parts of the US. Freedom cities aren’t really a new idea. They are a rebranding of charter cities, which have been around since…

ZachXBT Flags $330M Bitcoin Transfer, Sparks Monero Price Increase

Key Notes ZachXBT says that $330 million was stolen recently from a private owner. The stolen funds were laundered through Monero. XMR’s price jumped as a result of the large-scale swap. ZachXBT, a popular crypto investigator, pointed out that there has been a questionable transaction of 3,520 BTC with a value of $330.7 million. Using X, the sleuth stated that this could be the result of Bitcoin BTC $95 337 24h volatility: 1.7% Market cap: $1.89 T Vol. 24h: $22.21 B being stolen from its alleged owner and transferred to…

Strategy bags 15,355 Bitcoin for $1.42B as price surged above $90K

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Michael Saylor’s Strategy added to its massive Bitcoin stash last week as the cryptocurrency surged above $90,000. In an April 28 announcement, Strategy reported acquiring 15,355 Bitcoin (BTC) between April 21 and 27. The latest purchases cost Strategy $1.42 billion at an average price of $92,737 per BTC, increasing the company’s aggregate BTC holdings by roughly 3% to a total of 535,555 BTC worth more than $50 billion. An excerpt from Strategy’s Form 8-K filing with the United States Securities and Exchange Commission. Source: Strategy Strategy’s latest buy is its…

Why is Nexo (NEXO) Up 7% Today? Weekly Gains Surpass 17%

Key Notes Nexo (NEXO) jumped 7% today and posted weekly gains exceeding 17%, fueled by its official reentry into the US. Nexo’s comeback, endorsed by Donald Trump Jr., comes after resolving previous regulatory issues. The immediate resistance is at $1.24 and an upside target of $1.39, although RSI is nearing overbought levels. Nexo NEXO $1.33 24h volatility: 19.0% Market cap: $1.33 B Vol. 24h: $23.52 M is making headlines today after rising by 7.85% in the past 24 hours, bringing its weekly gains to an impressive 17%. As of now,…

Michael Saylor’s Bitcoin Strategy Adds Another 15,355 BTC; Total Now 553,555 BTC

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Following a cryptic Sunday post on X alluding to fresh bitcoin ambitions, Michael Saylor’s enterprise revealed Monday it had expanded its digital treasury by procuring 15,355 BTC. The tech magnate broadcasted the transaction on the social media platform, declaring: “MSTR has acquired 15,355 BTC for ~$1.42 billion at ~$92,737 per bitcoin and has achieved BTC […] Original

Coinbase to launch yield-bearing Bitcoin fund for institutions

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Coinbase, the world’s third-largest cryptocurrency exchange by volume, is launching the Coinbase Bitcoin Yield Fund on May 1, aiming to offer Bitcoin (BTC) exposure for institutional investors outside the US. The fund targets an annual net return of 4% to 8% on Bitcoin holdings, according to an April 28 blog post by Coinbase. “To address the growing institutional demand for bitcoin yield, Coinbase Asset Management is excited to introduce the Coinbase Bitcoin Yield Fund (CBYF),” the company wrote. The fund is backed by multiple investors, including Aspen Digital, a digital…

Digital Asset Funds Sees $3.4 Billion Inflow As Investors’ Interest Shifts

Key Notes Bitcoin funds attracted $3.18 billion, with assets under management hitting $132 billion. The second-largest cryptocurrency, Ethereum, made a comeback with $183 million in inflows after weeks of outflows. US investors accounted for $3.3 billion of the total flows, with Europe showing growing demand. Current market data shows that global digital asset investment products attracted significant attention last week, recording inflows totaling $3.4 billion. ‘According to the update, this marks the largest inflows since mid-December 2024 and the third-largest weekly inflow on record. The shift in investor interest comes…

XRP To Hit $8, No Double Digits This Cycle: Crypto Analyst

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Chart technician “Charting Guy” told his audience that XRP’s current four-hour structure suggests a measured climb toward a cycle peak near $8—yet nothing higher. Displaying a BITSTAMP four-hour chart…