Bitcoin has reached a historic $100,000 milestone, Glassnode reports, marking a pivotal moment in its evolution with over $131 trillion in transaction volume, a $2 trillion market cap, and increasing institutional adoption. Bitcoin’s $131 Trillion Journey According to Glassnode’s latest onchain report, bitcoin (BTC) has crossed a monumental threshold, reaching $100,000 per coin on Dec. […] Original
Este artículo también está disponible en español. According to a report by crypto asset management firm Sygnum, institutional investor-led ‘demand shocks’ could propel Bitcoin (BTC) prices to new highs in 2025. However, altcoins may underperform due to factors such as reduced capital rotation from BTC to other cryptocurrencies. Bitcoin Likely To Continue Its Momentum Into 2025 In a report titled Crypto Market Outlook 2025, asset manager Sygnum outlined multiple factors that are likely to further push BTC price upwards next year. The report highlights new capital inflows into the market…
Ethereum may be heading for a breakthrough above $5,000, with Cryptoquant analysts pointing to a mix of tightening supply, climbing demand, and lively network activity as driving factors. Will Ethereum Break $5K? Cryptoquant Highlights Key Indicators According to Cryptoquant‘s December 2024 analysis, ethereum (ETH) is riding a wave of favorable trends, fueled by data from […] Source CryptoX Portal
According to Cloudflare’s 2024 web traffic report, Binance is the most visited cryptocurrency platform. Binance Attracted the Most Web Visits in Crypto for 2024 Binance solidified its position as a dominant force in the digital assets ecosystem in 2024. According to Cloudflare’s latest report, Binance not only retained its title as the most visited cryptocurrency […] Source CryptoX Portal
Despite Bitcoin’s recent surge past $100,000, investors in Russia doubt the crypto will hit the $200,000 mark anytime soon. Bitcoin’s (BTC) rise past $100,000 has sparked excitement, though Russian investors aren’t counting on it hitting $200,000 this cycle, according to analysts polled by Russia’s state news agency TASS. They estimate Bitcoin could climb as high as $160,000 but don’t see it doubling its current price anytime soon. As for the reason behind Bitcoin’s recent growth, analysts point to macroeconomic changes, such as the Federal Reserve’s rate cuts after a prolonged…
The U.S. Treasury’s Fiscal Year 2024 Q4 Report describes how “digital assets have witnessed rapid growth albeit from a small base,” highlighting bitcoin’s “primary” function as a “store-of-value.” Treasury’s Bitcoin Remarks Ignite Conversations Among Enthusiasts On Saturday, enthusiasts on X buzzed over the Treasury’s comparison of bitcoin to “digital gold.” The report, crafted by the […] Original
DUBAI, UAE, Dec. 6, 2024 /CNW/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with Block Scholes, unveils its November Option Volatility Report, spotlighting Bitcoin(BTC)’s remarkable milestone of surpassing $100K. This detailed analysis delves into key market dynamics and option volatility trends, offering insights to guide traders through the evolving crypto landscape. Bitcoin‘s Volatility on the Path to $100K Bitcoin‘s journey to $100K has been fueled by surging demand for call options and strong bullish sentiment, particularly leading up to the U.S. presidential election on November…
eToro, a trading platform for stocks and cryptocurrencies, is working with Goldman Sachs to plan an initial US public offering. The company could go public as early as the second quarter of 2025, but the timing may change, according to unnamed sources familiar with the matter, Bloomberg reports. eToro hopes to exceed the $3.5 billion valuation it achieved during a private funding round last year. Details about the IPO, including other banks that may be involved, remain under discussion. SEC vs. eToro The platform faced regulatory issues in the U.S.,…
Long-term Bitcoin holders took profits following BTC’s rally to a $104,000 all-time high, CryptoQuant data showed. According to the analytics provider, the long-term holder spent output profit ratio, which tracks entry price versus selling price, increased after Bitcoin (BTC) crossed $100,000. The LTH-SOPR hit four on CryptoQuant’s chart, indicating that sellers made four times the amount spent on initially acquiring their Bitcoin. This suggests that recent sellers invested around the $20,000 level. BTC has not traded at this price since the market doldrums of 2022. LTH-SOPR metric as BTC investors…
Bitcoin reserves on centralized crypto exchanges like Binance and Coinbase have dropped to their lowest levels in years, reinforcing bullish crypto sentiment. CryptoQuant data confirmed that investors have withdrawn over 171,000 Bitcoin (BTC) from leading crypto exchanges since Donald Trump’s victory in the U.S. presidential election. Mass withdrawals shorten the supply available for sell-offs, often signaling a long-term investment plan adopted by holders. While data showed staggering Bitcoin exchange outflows after President Trump’s victory, the trend extends back to 2021. Bitcoin exchange reserves steadily dwindled since crypto’s previous peak, marking…