Category: Bitcoin News

Bitcoin Boom: Expert Eyes $500K BTC, Declares $1M ‘Absolutely’ Within Reach

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Bitwise’s Matt Hougan predicts $500,000 as bitcoin’s maturity threshold, with $1 million “absolutely” possible as BTC rises to compete with gold. Bitwise’s $500K Target for Bitcoin — Why $1M ‘Absolutely’ Could Follow Matt Hougan, chief investment officer at Bitwise Asset Management, shared his perspective on bitcoin‘s trajectory in a blog post on Tuesday, arguing that […] Original

Reinvent Ethererum, and Just Don’t Break Bitcoin

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Loyal readers of The Protocol will recall that we launched this newsletter on April 26, 2023, to cover technological developments across the blockchain industry, after winding down its predecessor, Valid Points, which was focused exclusively on Ethereum. (In case you’re interested in that history, we wrote here about how we turned $15,000 into $70,000 running an Ethereum validator.) We started covering Bitcoin technology in the newsletter along with Solana and Cosmos and Sui and everything else. Over time, the format evolved, and got a bit longer — as I increasingly…

These stocks have the highest positive correlation with bitcoin

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As bitcoin shoots to new heights, some stocks that trade closely with the digital currency could also see their fortunes rise. Bitcoin has gained more than 32% since President-elect Donald Trump secured a second term last week. Trump indicated his support for cryptocurrencies during his campaign, which could lead to more favorable regulations for the industry. On Wednesday, bitcoin rose above the $93,000 mark for the first time and was last trading more than 3% higher. Against that backdrop, CNBC Pro screened for stocks that have the highest positive correlation…

Bitcoin overtakes Saudi Aramco by market as price hits $93k

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Bitcoin has overtaken oil giant Saudi Aramco in terms of market cap after the benchmark cryptocurrency surged past $92,000 on Nov. 13. As Bitcoin (BTC) reached $93,000, its market capitalization hit $1.83 trillion. According to data from CompaniesMarketCap, this milestone has pushed BTC above Saudi Arabia’s oil giant, which had a market cap of $1.79 trillion at the time of writing. With the crypto market’s bullish sentiment in place, Bitcoin’s market cap could target the $2.2 trillion market cap of Alphabet/Google. Since Donald Trump’s victory as the next U.S. president,…

Beating Bitcoin

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With this universe in mind, we examined how many tokens in the top 150, on any given day, outperformed bitcoin over the next year. At certain points in 2019 and 2020, it seems like beating bitcoin was easy, with many tokens beating it by a wide margin (north of 1000% over bitcoin’s own generally stellar return, on average). What’s more, it used to not require too much exploration out of the scale of market cap to find the tokens beating bitcoin, with an average market cap rank of the outperformers…

Bitcoin Soars Amid a Perfect Storm of Global Change

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Why are investors feeling more optimistic than ever about Bitcoin? From sentiment indicators to market dynamics, here’s what’s sparking all the excitement. Historic highs and market dynamics  Bitcoin (BTC) is experiencing a remarkable resurgence after a prolonged period of volatility.  As of Nov. 12, BTC is trading near the $90,000 mark, currently around $87,000 levels. Earlier today, it reached a new all-time high of $89,900, reflecting a substantial 25% surge over the past week alone. Notably, this bullish trend has propelled the total crypto market cap past the $3 trillion…