JPMorgan forecasts a bullish outlook for bitcoin through 2025, citing Trump’s economic policies and intensified “debasement trade” strategies favoring bitcoin and gold as hedges against currency devaluation. Bullish Outlook: JPMorgan Sees Bitcoin Poised for Gains Through 2025 Global investment bank JPMorgan released a report on Thursday, detailing how Donald Trump’s recent victory in the U.S. […] Original
Bitcoin is in the “sweet spot” of its bull market halving cycle, says veteran trader Peter Brandt, who forecasts a peak between $130,000 and $150,000 in 2025. Peter Brandt’s Bold Bitcoin Prediction: Bull Market Sweet Spot Approaches Peak Veteran trader and well-known chartist Peter Brandt has predicted bitcoin could reach a high of between $130,000 […] Original
Square is also focusing more on its self-custody wallet, Bitkey, which the company started shipping in March. At the time, the company said that Bitkey will not only provide standard wallet functionality, but also connect to Block’s payments platform Cash App and crypto exchange Coinbase (COIN) to allow buying and selling BTC. Original
The publication comes as Bitcoin, the oldest and largest blockchain, has attracted hordes of developers trying to add programmability and additional network layers that could lead to not only more applications being built atop the peer-to-peer network but also faster and cheaper venues for transaction execution. The goal is to catch up to what Ethereum, the second-largest blockchain, has achieved — but with Bitcoin’s famously robust security. Original
What will be more important for investors is what Fed Chair Jerome Powell will say about the central bank’s path forward after Donald Trump’s decisive win of the elections in the U.S. The new president-elect’s proposed policies such as tax cuts, tariffs and deregulation to stimulate economic growth could reignite inflationary pressures, prompting the Fed to take a more cautionary approach, potentially slowing, pausing or even reversing its rate cutting cycle. Original
The firm signed a non-binding deal with a hyperscaler firm to potentially allocate all of its 800 megawatts power to hosting high-performance computers. Original
Data from Wednesday’s trading session reveals that U.S. spot bitcoin exchange-traded funds (ETFs) attracted a notable $621.9 million in positive inflows. Crypto ETFs Soar With Positive Inflows Both U.S. spot bitcoin and ether ETFs recorded gains in Wednesday’s session. According to sosovalue.xyz metrics, 12 spot bitcoin ETFs raked in a combined $621.9 million. Leading the […] Original
Ether is over 7% higher in the last 24 hours, outperforming the broader digital asset market, which has risen by 2.7%, as measured by the CoinDesk 20 Index. ETH crossed $2,800 for the first time since early August, breaking out of the $2,300-$2,600 range that has persisted even while other coins were rallying. President-elect Trump’s victory may be stirring hopes of a “DeFi Renaissance” and with it a breakout in the price of ether. “DeFi Renaissance thesis is progressing as expected with Trump deregulation and crypto friendly policy and rule-making…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Trump’s election win and Bitcoin’s all-time high spark a surge in political meme coins like Pepe Trump and FreeDum Fighters, creating new trading opportunities. A Trump victory has been confirmed in the U.S. election, with Bitcoin hitting a new all-time high. Traders are now cashing in by betting on political-themed meme coins. The sector has experienced a rally today, reaching a total valuation of $571 million. Trump confirmed as…
“Analyzing the BTC to gold ratio, we can see that the downtrend [indicative of gold’s outperformance since March] is starting to reverse. Globally, investors will increasingly focus on hedging against currency debasement and capitalizing on the Trump market play, both of which favor BTC,” Noelle Acheson, author of the Crypto Is Macro Now newsletter said. Original