Tag: Bitcoin

Bitcoin ETFs see record trading volume amid BTC all-time high

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Spot Bitcoin exchange-traded funds in the United States continued their positive inflow streak for the sixth consecutive day, recording net inflows of $510.11 million on Nov. 13 as Bitcoin surpassed $93,000 for the first time. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $4.73 billion over the six straight days of trading ending on Nov. 13. BlackRock’s IBIT led the group for the fifth consecutive day on Thursday with inflows of $230.81 million. Notably, IBIT has seen over $29.15 billion in net inflows since…

Bitcoin surpassed $93k after CPI report; here are 2 more macro events to watch

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Bitcoin made an impressive run after the U.S. Consumer Price Index report came as expected. But two more key events could add to the positive sentiment this week. Bitcoin (BTC) reached a new all-time high of over $93,400 hours after the U.S. CPI report was released on Wednesday. The inflation rate in the largest economy in the world increased by 0.2% year-over-year in October and reached 2.6% as expected. 🚨 BREAKING 🚨 US CPI DATA CAME IN AT 2.6% EXPECTATIONS: 2.6% — Ash Crypto (@Ashcryptoreal) November 13, 2024 The global…

Bitcoin Price Could Peak In 200 Days, Before US Recession In Mid-2025, Report Says

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Este artículo también está disponible en español. The current Bitcoin (BTC) rally could extend until mid-2025, with a potential price peak before a US recession. Bitcoin Could Peak In Mid-2025 Before US Recession A recent Copper Research report, a recent crypto research firm, posits that the leading cryptocurrency by market cap could extend its bullish momentum until mid-2025.  Related Reading As of November 13, Bitcoin is on day 555 of its current market cycle, and a price peak for the digital asset could arrive within the next 200 days. Notably, this peak…

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

Bitcoin Expected To Hit $100,000 Before 2025, According To Kalshi Data

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Este artículo también está disponible en español. Bitcoin (BTC) has hit new highs in recent days, with many users of crypto betting site Kalshi predicting that the largest cryptocurrency on the market could hit the $100,000 milestone before the end of 2024.  According to recent data from the event contract market, 60% of users believe Bitcoin will hit this milestone before January, while 45% are betting it could achieve this level as early as November. Analyst Predicts Six-Figure Bitcoin Prices By Year-End Kalshi, which launched in 2021, allows users to…

Will Trump Make Bitcoin America’s Reserve Currency? Polymarket Bettors Say Maybe

Donald Trump’s potential move to establish a national bitcoin reserve sparks interest on Polymarket. Polymarket Users Place Bets on U.S. Bitcoin Reserve In an interesting turn, Polymarket, a decentralized prediction market platform, has seen some activity in a bet worth $262,098 that wagers on the possibility of President-elect Donald Trump establishing a national bitcoin reserve. […] Source CryptoX Portal

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 Consolidates After Recent Surge – Metrics Reveal Moderate Selling Pressure

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Este artículo también está disponible en español. Bitcoin has reached a new all-time high of $90,243 following a week of relentless upward momentum. After days marked by euphoria and rapid gains, the price is now entering a consolidation phase, providing a much-needed pause for the market.  Key data from CryptoQuant indicates moderate selling pressure is emerging, which may signal a brief pullback or stabilization below the $90,000 mark. Related Reading This week will be pivotal in determining Bitcoin’s next steps as traders and investors watch if BTC will hold near…