Tag: Bitcoin Market

  • When Ripple releases one billion XRP tokens, it causes market movement and investor anxiety.

    When Ripple releases one billion XRP tokens, it causes market movement and investor anxiety.

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    V Sinclair

    Ripple Labs released one billion XRP tokens from its escrow accounts, a normal procedure in the company’s monthly schedule. As of the time of writing, the market value of the unlocked tokens is estimated to be $1.92 billion. This release is consistent with Ripple’s pre-set schedule, which is to unlock one billion XRP tokens daily…

  • Tom Lee Forecasts Bitcoin Surge Ahead

    Tom Lee Forecasts Bitcoin Surge Ahead

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    V Sinclair

    Tom Lee, the research leader at Fundstrat, is optimistic about Bitcoin‘s (BTC) trajectory, suggesting that a notable increase is on the horizon. During a recent podcast with Anthony Scaramucci from SkyBridge Capital, Lee highlighted that Bitcoin’s potential for significant growth is backed by both technical analysis and supportive political movements. He estimates that Bitcoin could soar…

  • Bitcoin Eyes $100K Amid Regulatory Optimism

    Bitcoin Eyes $100K Amid Regulatory Optimism

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    Oscar

    Bitcoin surged close to the $100,000 milestone, fueled by growing optimism surrounding potential regulatory shifts in the United States. The cryptocurrency hit a high of $97,361 before stabilising at $95,640 in early Thursday trading, marking its biggest two-week gain. Regulatory Optimism Fuels Market Confidence Investors are bullish on the prospect of crypto-friendly leaders taking charge…

  • UK Crypto Ownership Climbs to 12% as FCA Prepares Regulatory Overhaul

    UK Crypto Ownership Climbs to 12% as FCA Prepares Regulatory Overhaul

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    Oscar

    Cryptocurrency ownership in the United Kingdom has surged, with 12% of adults now holding digital assets, according to a Financial Conduct Authority (FCA) announcement on Nov. 26. This marks a significant increase from 10% in June 2023, with the average crypto portfolio valued at £1,842 ($2,318). The findings underscore a growing mainstream appeal, as many…

  • Bitcoin’s Six-Figure Surge: $125K by New Year?

    Bitcoin’s Six-Figure Surge: $125K by New Year?

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    Oscar

    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 Surges as SEC Chair Gary Gensler Announces Resignation

    Bitcoin Surges as SEC Chair Gary Gensler Announces Resignation

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    Oscar

    Gary Gensler, chair of the US Securities and Exchange Commission (SEC) and a prominent critic of the cryptocurrency industry, has announced his resignation. Gensler will officially leave his position on 20 January 2025, the day Donald Trump is inaugurated as the next US president. In a post on X, Gensler expressed gratitude to President Joe…

  • Bitcoin Eyes $100K Milestone, But Analysts Warn of Possible Correction

    Bitcoin Eyes $100K Milestone, But Analysts Warn of Possible Correction

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    Oscar

    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…