BTC is close to hitting the $100,000 mark this weekend. Weekend trading may cause significant price movements in altcoins. Continue Reading: Analysts Predict Bitcoin’s Price Movements for the Weekend The post Analysts Predict Bitcoin’s Price Movements for the Weekend appeared first on COINTURK NEWS .
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In the crypto universe, bitcoin’s quest to hit $100,000 feels like reaching the climactic level in a video game—an epic showdown that embodies years of persistence, strategy, and transformation. The $100K Milestone: A Historic Moment in Free Market Economics When bitcoin (BTC) crosses the $100,000 mark in U.S. dollars, it won’t just be a psychological
The Bitcoin price is well on its way to reaching the $100,000 price mark, with multiple projections saying it could do so by this weekend. Notably, the Bitcoin price reached an intraday high of $99,486 in the past 24 hours, putting it by about only 0.5% from reaching $100,000. As the entire industry continues to await the Bitcoin price break above $100,000, crypto analyst Tony “The Bull” Severino has highlighted an interesting outlook for what to expect from here. Bitcoin Price Mirrors 2017 Pattern Crypto analyst Tony Severino drew parallels of Bitcoin’s recent price movements to its 2017 surge. The Bitcoin price first broke before the round figure mark of $10,000 in the last week of November 2017. Now seven years later, it is exhibiting similar price movements as it looks to break above the next round figure mark of $100,000. Related Reading: Crypto Analyst Predicts 37% Upshoot For Dogecoin Price, Points Out Support Levels Bitcoin’s break above the $10,000 level was a pivotal moment in its price history, as it marked a break above a key psychological threshold. Severino pointed out that after reaching this psychological milestone, the Bitcoin price nearly doubled in value within two weeks. Severino used the outcome of this move to draw parallels with the current performance of the Bitcoin price. This time, however, the stakes are higher, with Bitcoin now about to break above the $100,000 mark. Particularly, this is a figure that carries even greater psychological significance in the outlook of the Bitcoin price than the $10,000 mark. Could Breaching $100,000 Cause Another Excitement? Severino’s analysis centers around the idea that breaking $100,000 could cause another sharp Bitcoin price increase, much like what happened after it crossed $10,000 in 2017. He noted that the Bitcoin price could see gains of up to 100% from its current price, but the pace of the rally may happen extremely fast. Related Reading: Analyst Reveals When The Ethereum Price Will Reach A New ATH, It’s Closer Than You Think This rapid ascent could mark the final leg of this bull run that will create a peak followed by a significant correction, much like how the 2017 bull cycle played out. “The top is near,” Severino cautioned. However, he doesn’t believe Bitcoin’s peak is just two weeks away; he suggested it could be as close to around two months. It is important to note that the Bitcoin ecosystem has changed massively since it first broke above $10,000 in 2017. At that time, the rally was driven largely by retail investors and Bitcoin whales who got in relatively early. The current landscape includes a growing institutional interest in Bitcoin, especially through Spot Bitcoin ETFs. This institutional interest has been key to the steady growth of the Bitcoin price throughout this year, and current market dynamics point to such continued growth. At the time of writing, Bitcoin is trading at $99,032, up by 2% in the past 24 hours. Featured image created with Dall.E, chart from Tradingview.com
The post Big Breaking: Bitcoin Miner MARA Purchases Another 5771 BTC For $572M appeared first on Coinpedia Fintech News In the latest development, Bitcoin miner MARA Holdings has revealed that it has expanded its cryptocurrency portfolio by purchasing an additional 5,771 BTC for $572 million. The acquisition was completed at an average price of $95,554 per Bitcoin. With its 0% convertible note offering, the company has achieved a 35% BTC yield per share and …
Bitcoin price nears $100,000, generating excitement in the crypto market. Altcoins like ARB and XRP show potential for significant price movements. Continue Reading: Bitcoin Price Surges, Triggers Interest in Altcoin Predictions The post Bitcoin Price Surges, Triggers Interest in Altcoin Predictions appeared first on COINTURK NEWS .
Bitcoin mining firm Marathon Digital Holdings (MARA) has announced a significant milestone in its BTC acquisition strategy. According…
Wall Street's major equity averages finished higher Friday, with consumer-related stocks and so-called Trump Trades among advancers, and ended with weekly gains. The Dow ( DJI ) +0.97% , logging a third straight gain, and the S&P 500 ( SP500 ) +0.4% , a fifth consecutive increase. The Nasdaq Composite ( COMP:IND ) +0.2% after wobbling during the session. “US equities appear unstoppably bullish at present; the market is teaching bears and fence-sitters that it is better to be all in for the bull run, until the bull run ends," Alex King, investing group leader of Cestrian Capital Research , told Seeking Alpha. The averages rose for the week, with a 1.7% rise for the S&P 500 ( SP500 ) and a 2% gain for the Dow ( DJI ) heading into a shortened week for Thanksgiving Day. “We are entering the best seasonal period of the year for U.S. equities," Scott Rubner, Goldman Sachs’ technical specialist, said Friday. The market is on the verge of a rally that should push the S&P 500 ( SP500 ) to 6,200 by year-end , he said. "Euphoria" among retail investors "is accelerating across equities and crypto, and high gains YTD may increase leverage from this cohort." In Friday's trade, retail stocks including Nike ( NKE ) and Walmart ( WMT ) were among the top gainers on the Dow, and the Consumer Discretionary and Staples sectors climbed on the S&P 500 ( SP500 ). With the holiday-shopping season underway, Gap ( GAP ) +12.8% as it said its stores were "off to a strong start," and raised its full-year outlook late Thursday. Ross Stores ( ROST ) +2.2% , also higher after its quarterly report . For stocks overall, "we continue to look upwards into year-end," King said. "Better in our view to not step aside right now, instead to wait until prices actually start to fall, that being actual evidence of the end of the happy time." Christopher Harvey, Wells Fargo's head of equity strategy, told clients Friday that the S&P 500 ( SP500 ) was helped this week by Nvidia's ( NVDA ) Q3 beat in financial results and its strong AI outlook, as well as positive macro readings for weekly jobless claims and the housing market. "Trump trade" winners this week include small caps ( RTY ), mid-caps and bitcoin ( BTC-USD ), Harvey said. The cryptocurrency traded above $99,000 on Friday, with investors watching for $100K. But "you're not alone if post-Election Day political uncertainties are making it difficult to assess the 2025 outlook. Risk/rewards keep us in SMID caps, Banks, and Comm Svcs," Harvey said. In the fixed-income market, the 10-year Treasury yield ( US10Y ) slipped 1 basis point to 4.41%. The 2-year yield ( US2Y ) gained 2 basis points to 4.38%. On the economic calendar, the S&P Global U.S. Composite PMI preliminarily increased to 55.3 in November vs. 54.1 in October, marking a 31-month high. The November U.S. Consumer Sentiment Index was revised to 71.8 from its initial print of 73.0. More on the markets Bitcoin: Buy The Breakout The Oil Market Is Misunderstood And Undersupplied Trump reportedly considers Warsh to head Treasury then the Fed $10,000 Invested Into A Portfolio Made Of Steel The level Bitcoin would have to reach under Trump to match Biden and his prior term
The cryptocurrency market is surging, with Bitcoin nearing $99,000 and Ethereum gaining momentum, while altcoins like MuskPnut, KACY, and SHAQ are also seeing significant gains as excitement builds around potential ETF approvals. The post Top Crypto Gainers Today on DEXTools – MuskPnut, KACY, and PulseX appeared first on Cryptonews .
Bitcoin miner MARA Holdings has expanded its cryptocurrency portfolio by purchasing an additional 5,771 BTC for $572 million. The acquisition was completed at an average price of $95,554 per Bitcoin, according to the company. With its 0% convertible note offering, the company has achieved a 35% BTC yield per share and now owns a total The post Breaking: Bitcoin Miner MARA Buys Another 5771 BTC As Price Nears $100k appeared first on CoinGape .