Tag: $100K Milestone
-
Bitcoin Faces a Dip Amid Profit-Taking and Economic Concerns
—
by
Bitcoin has experienced a sharp drop, falling to $91,800, a price not seen since early December. The largest cryptocurrency’s decline comes as a result of a combination of profit-taking after a strong rally and growing concerns about the wider macroeconomic environment. With market sentiment souring, the price of Bitcoin is now over 14% below its…
-
Ohio Pioneers Bitcoin Reserve Act to Safeguard Taxpayer Money During a Declining Dollar
—
by
The Ohio Bitcoin Reserve Act was introduced on December 17 by Ohio State Representative Derek Merrin. According to the bill, the State Treasurer can invest in Bitcoin and create a reserve fund in order to safeguard public funds. Merrin used the U.S. dollar’s rapid depreciation to highlight the bill’s necessity. He so underlined the adaptability of…
-
Cryptocurrency markets lost $140 billion when Bitcoin (BTC) fell $4K from its most recent peak (Market Watch).
—
by
Following several consecutive days of seeing mostly gains and charting new peaks, bitcoin has finally retraced by dropping by over four grand over the past 12 hours or so. The altcoins have followed suit, with notable price drops evident from the likes of ETH, DOGE, ADA, TRX, AVAX, and more. BTC Falls by $4K The…
-
Bitcoin Breaks into the Top 10 Largest Currencies Globally
—
by
Bitcoin, the pioneering cryptocurrency, has made history by becoming the world’s 10th largest currency by market capitalisation. With 19.8 million BTC valued at $2.04 trillion, Bitcoin’s meteoric rise cements its status as one of the most influential assets in global finance. A Remarkable Journey to the Top Since its inception in 2009, Bitcoin has grown…
-
Crypto Market Loses $500M as Bitcoin Retraces to $95K
—
by
The cryptocurrency market faced a sharp correction over the weekend, wiping out $500 million in liquidations and impacting nearly 187,000 traders. Bitcoin (BTC) briefly dropped to $95,700 before rebounding, while altcoins experienced significant losses. Market Wipeout: $500M in Liquidations A turbulent weekend saw $495 million liquidated across exchanges within 24 hours. Bitcoin accounted for $80.9…
-
As Bitcoin gets close to $100K, Tether mints $3 billion in USDT.
—
by
Tether, the issuer of the stablecoin USDt, minted an additional $3 billion worth of tokens on November 23 across the Ethereum and Tron networks. This move comes amid a surge in cryptocurrency trading activity, particularly as Bitcoin edges closer to the $100,000 mark. Arkham Intelligence reported that $2 billion in USDt was issued on Ethereum,…
-
Bitcoin’s Six-Figure Surge: $125K by New Year?
—
by
Bitcoin’s price trajectory has sparked excitement in prediction markets, with an 85% chance of the cryptocurrency reaching $100,000 by the end of 2024, according to data from Kalshi. Some forecasts are even wilder, placing Bitcoin at $125,000 or more by New Year’s Day, while a smaller segment bets on $150,000 or even $250,000. Bulls Drive…
-
Bitcoin Eyes $100K Milestone, But Analysts Warn of Possible Correction
—
by
Bitcoin recently surged to an all-time high of $98,367, driven by speculation that President-elect Donald Trump’s administration may create a dedicated cryptocurrency policy role. The rally has sparked optimism for Bitcoin to breach the $100,000 milestone by late 2024, with crypto betting platforms showing 92% confidence in this price target. This bullish momentum has also…