Matthew Sigel, head of digital assets research at Vaneck, projects a significant upward trajectory for bitcoin, setting a target price of $180,000. Bitcoin Could Reach $180,000 by Next Year, Says Vaneck’s Sigel Sigel’s outlook on bitcoin (BTC) remains bullish, fueled by what he identifies as indicators of a continued rally. Following recent price surges, he […] Original
Pennsylvania’s legislature has introduced a bill allowing the state to invest in Bitcoin. Led by Representative Mike Cabell, this bill would permit Pennsylvania to allocate up to 10% of three state funds — the General Fund, Rainy Day Fund, and State Investment Fund — into Bitcoin (BTC). Cabell argues that Bitcoin could act as a hedge against inflation, helping protect the state’s economy amid economic volatility. The bill, known as the Pennsylvania Bitcoin Strategic Reserve Act, aligns with a broader interest in Bitcoin as a store of value in the…
Deribit reached an all-time high in open interest this week, totaling $37.6 billion across bitcoin and ether contracts, signaling intensified activity in cryptocurrency derivatives amid bitcoin’s recent price volatility. Amid Bitcoin’s Climb, Deribit Reaches Unprecedented Open Interest High Deribit, a prominent platform for cryptocurrency derivatives trading, has reached an all-time high in open interest across […] Original
This week, the bitcoin bull and venture capitalist Tim Draper shared his excitement on X about Donald Trump’s potential next term. “Every job they cut in the government will create three jobs in the private sector,” Draper eagerly stated. Bitcoin Enthusiast Draper Anticipates Trump’s Next Term Will Unleash Private Sector Growth Venture capitalist Tim Draper […] Original
U.S. spot bitcoin and ether exchange-traded funds posted another day of gains on Wednesday, with the leading crypto asset holding strong above the $90,000 mark. Bitcoin ETFs Soar: Blackrock, Fidelity Lead $510M Inflows On Nov. 13, the 12 spot bitcoin exchange-traded funds (ETFs) saw a strong inflow of $510.11 million. Leading the charge, Blackrock’s IBIT […] Original
Bitcoin’s price continued its strong bullish trend this week, with many analysts believing that the rally has more room to run. Bitcoin (BTC) was trading at $91,200 on Thursday, Nov. 14, bringing its year-to-date gains to 115%. It has outperformed popular assets like the Dow Jones, Nasdaq 100, and S&P 500 indices. In a CNBC interview, Matthew Sigel, the head of digital assets at VanEck, said that the Bitcoin price rally had more room to run. He expects that the coin will make repeated all-time highs in the next few…
Luis Stuhlberger, a legendary Brazilian hedge fund pioneer, disclosed that Verde, the firm he leads, built a bitcoin position before Trump’s victory. The firm remarked that President Trump’s intentions should be taken seriously, including his cryptocurrency-linked proposals. Luis Stuhlberger’s Brazilian Hedge Fund Verde Bets on Trump’s Bitcoin Push While the current Bitcoin bull market originated […] Original
Bitcoin.com, a leading source for Bitcoin and cryptocurrency news, education, and tools, is thrilled to announce its official launch on Rumble, the rapidly growing video streaming platform known for championing free speech and creator empowerment. This partnership not only extends Bitcoin.com’s reach to a broader audience, but also coincides with Rumble’s introduction of a dedicated […] Original
“I thought things were cooling off, but no, IBIT just saw $5b in volume today for first time ever. Only 3 ETFs and 8 stocks saw more action today. Up to $13b in 3 days this week. Its peers seeing heightened volume too but smaller scale. FBTC did $1b, biggest day since March”, Balchunas said. Original
Decentralized protocol Prosper secures investment from BIT Mining as it expands its solution to include institutional-grade Bitcoin mining and liquidity farming. Prosper, a decentralized protocol bridging Bitcoin (BTC) mining to the blockchain by providing hashrate-backed tokens representing live Bitcoin mining power, has announced that BIT Mining has made a strategic investment in its native token, PROS. In a blog announcement on Nov. 14, Prosper said the investment represents “another significant validation” of its thesis by institutional backers. “This investment reinforces the credibility and viability of Prosper’s new strategic vision,” the…