Bitcoin is surging to new heights post-elections, with experts predicting a target of $180,000 by 2025, signaling a robust trajectory for the cryptocurrency market. The recent rally has seen Bitcoin’s
Matthew Sigel, VanEck’s head of digital assets research, says Bitcoin is in “blue sky territory” and expects the cryptocurrency to run up to $180,000 in 2025.
The post Why Ethereum is Dropping Today? appeared first on Coinpedia Fintech News After an impressive bullish breakout last week, Ethereum (ETH) price has significantly declined the rising momentum. The leading altcoin, with a fully diluted valuation of about $377 billion, has dropped over 6 percent since Tuesday to trade around $3,133 on Thursday, November 14, during the mid-New York session. Nevertheless, the fear of a major crypto …
U.S. President-elect Donald Trump has nominated Representative Matt Gaetz for Attorney General, announced on Nov. 13. Following this, Gaetz stated he would resign from Congress “effective immediately,” ending his role in the House of Representatives. This decision halts an ongoing House Ethics Committee investigation into allegations against Gaetz, initiated in 2021, which looked into claims of sexual misconduct and drug use. Gaetz has previously shown interest in crypto policy. On June 25, he introduced a bill mandating the Internal Revenue Service to accept Bitcoin payments for federal income taxes, a move inspired by his visit to El Salvador during President
With Bitcoin surging past $74k, Toncoin [TON] finds itself at a crossroads, struggling to maintain bullish momentum amid a vibrant market. Despite a 9.13% rise in the past week, Toncoin’s
The post Is Gary Gensler Resigning? SEC Chair Hints at Exit Amid Crypto Regulatory Shift appeared first on Coinpedia Fintech News In a speech during the Practicing Law Institute and the 56th Annual Institute on Securities Regulation held in New York on Thursday, November 14, US SEC Chair Gary Gensler hinted he may be leaving the agency soon. In regards to the crypto market, Gensler highlighted that Bitcoin, Ethereum, and stablecoins are not securities. However, the …
Bitcoin (BTC) recently reached a new all-time high (ATH) of $93,477, as the leading digital asset inches closer to the highly anticipated $100,000 target. Notably, the ongoing price rally has seen relatively muted profit-taking, fueling hopes that BTC has further room to surge. Low Profit-Taking For Bitcoin In Current Cycle According to a recent report by Glassnode, the current BTC price momentum is primarily driven by strong spot demand and rising institutional interest. Particularly, the victory of Republican US presidential candidate Donald Trump has added optimism to the digital assets industry. Related Reading: Bitcoin Price Could Peak In 200 Days, Before US Recession In Mid-2025, Report Says The report highlights that over 95% of Bitcoin’s supply is currently in profit. However, despite the high proportion of profitable holders, profit-taking has remained relatively muted during this cycle. Historically, monthly profit realization has typically ranged between $30 and $50 billion during previous Bitcoin ATH cycles. The current price discovery phase has seen about $20.4 billion in realized profit. This relatively low profit-taking level in the current BTC ATH cycle suggests further room for the BTC price to rise, potentially reaching the $100,000 milestone before demand wanes. The chart below shows the cost basis of new BTC investors, along with upper and lower statistical bands. According to the report, during an ATH phase, BTC’s price repeatedly tests the upper bands as new investors enter the market at higher price points. As can be inferred from the above chart, BTC’s current spot price of $91,199 is just below its upper band of $94,900. Keeping track of price movement between these bands can show when the market price might be high enough to force existing holders to sell their holdings. Excess Leverage Must Be Flushed Before $100,000 BTC While BTC is trading less than 10% below the $100,000 level, industry experts opine that excess leverage must be flushed out before the top digital asset attempts to hit the 6-figure target. Related Reading: Bitcoin To $100,000 By February 2025? Analyst Explains Why Data from Coinglass shows that more than $718 million worth of crypto contracts were liquidated in the past 24 hours, impacting 202,074 traders. Notably, contract liquidations were split pretty evenly between longs and shorts – 49.93% vs 50.07%, respectively – indicating that despite the strong bullish sentiment, there is no clear trading advantage. Some industry leaders remain optimistic about BTC’s future price action. In October, the BTC mining firm CleanSpark CEO said that the premier digital asset may peak at $200,000 in the next 18 months. Similarly, BitMEX co-founder Arthur Hayes recently predicted that BTC may hit $1 million under the Trump administration. BTC trades at $91,199 at press time, up 3.9% in the past 24 hours. Featured image from Unsplash, Charts from Glassnode and TradingView.com
Toncoin is one of the large cap altcoins that haven't yet pumped strongly- should you buy TON?
The Shiba Inu price rise is set to make some investors millions, while a DOGE Rival – WallitIQ (WLTQ) is poised for a gain of up to 120x in this cycle. Read original article on coincu.com
On November 15th, QCP Capital shared insights on its platform regarding Bitcoin’s pronounced bullish momentum following the recent US elections. The firm anticipates that Bitcoin could approach a price range