Tag: 125K

Bitcoin tops $40K for first time in 19 months, Matrixport tips $125K in 2024

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Bitcoin (BTC) has reached the $40,000 level for the first time since April 2022, climbing around 2% in 24 hours. Bitcoin surged from under $39,500 to strike above $40,000 on Dec. 3 to hit a 19-month high, according to CoinGecko data. It also marks a new year-to-date high for Bitcoin, which is up over 140% since Jan. 1. It’s down around 42% from its Nov. 10, 2021, all-time high of over $69,000. The price of Bitcoin over the last 12 months, which has gone from under $17,000. Source: CoinGecko In…

Bitcoin Price Could Hit $125K by December 2024 Fueled by Heightened Institutional Demand

The report by Matrixport revealed that the fifth Bitcoin bull market officially began on June 22, 2023, with further gains anticipated amid momentum gain. The fifth Bitcoin (BTC) bull run that is expected to go parabolic after next year’s halving event has attracted notable institutional investors. More investors fleeing the market uncertainties presented by ongoing conflicts in the Middle East and the Russian invasion of Ukraine have opted for Bitcoin which has outperformed all other traditional investment instruments YTD. According to the latest market data provided through TradingView, Bitcoin price…

BTC Price Could Rally to $125K by End-2024: Matrixport

“On June 22, 2023, bitcoin made a new one-year high, marking the first time in a year. This signal has historically indicated the end of bear markets and the start of new crypto bull markets,” Markus Thielen, head of research and strategy at Matrixport, said in a report shared with CoinDesk. Source

Chainlink reveals Hackathon $125K in bounties LINK’s outlook

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With a start date of March 15th, The Spring 2021 Chainlink Virtual Hackathon records more than 3,500 participants. According to an official post, the participants are “building the next generation of smart contracts”. The event will end on April 11th. However, those who wish to claim the $125,000 will have until today to register and qualified for the $125,000 bounties. The post claims: The three-week event is an opportunity for developers throughout the Chainlink ecosystem to connect, collaborate, build and showcase innovations in DeFi, NFTs, gaming and universally connected smart…

Bitcoin mempool clogs up with 125K transactions waiting

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The number of transactions waiting to be confirmed in the Bitcoin mempool surged briefly above 125,000 today. This represents the equivalent of roughly 149 megabytes worth of data waiting to be added to the blockchain, which is enough to fill at least 107 upcoming blocks. Although smaller than the spike that saw a 143,000+ transaction backlog on Dec. 17, 2020, the increasingly cluttered mempool is emboldening Bitcoin’s critics while providing forks with talking points about the speed and cost of cryptocurrency transactions. Over past 3 months, the daily av­er­age Bitcoin…

Bitcoin’s $12.5K pump didn’t do much to impress Peter Brandt

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Trader and head of proprietary trading firm Factor LLC, Peter Brandt, said Bitcoin’s (BTC) recent run up past $12,000 did not excite him as much as it did the rest of the market.  “I never got super super excited about the advance in Bitcoin,” Brandt told Cointelegraph in a Sept. 9 interview. “I thought it was constructive — the advance we had in Bitcoin starting in late July” he said, noting the chart looked good. On July 27, Bitcoin definitively broke $10,500, a level which previously stood as a wall against…

Visa exec says buy Bitcoin as dollar index nears $12.5K BTC trigger

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Bitcoin (BTC) is inches away from getting the same boost that helped it hit $12,500 earlier this month, data shows. On Aug. 28, the U.S. dollar currency index (DXY), fresh from losses caused by a speech from the Federal Reserve, returned to crucial low levels. Bitcoin’s $12,000 trigger reappears  At press time on Friday, DXY measured 92.28 — its lowest since Aug. 19. At that time, the index had seen years of decline, with 92.17 marking the floor which challenged precious lows from April 2018. Safe havens, including Bitcoin, appeared…