Tag: Bitcoin
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Ethereum Surpasses Bitcoin as Long-Term Holders Increase Holdings
Ethereum’s HODLers Increase their Holdings A recent report highlights that Ethereum’s HODLers have witnessed significant growth in their ownership of this popular altcoin. Currently, their holdings constitute 70% of the total supply. Although Bitcoin also demonstrates a strong presence of HODLers, with almost 70% of its coins held by long-term investors, Ethereum’s recent surge beyond […]
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Michael Novogratz’s Interviews Unveil Bitcoin’s Resilience and Regulatory Potential
Regulatory Landscape and Institutional Interest Addressing concerns about the exuberance in the crypto market, Novogratz noted the high enthusiasm in crypto stocks while acknowledging the possibility of a correction. However, he maintained a bullish outlook on the overall market. Novogratz also discussed the regulatory environment, emphasizing the bipartisan interest in Washington for clear legislation on […]
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Crypto Markets Surge as Bitcoin Hits $44k and Solana Rallies, Ethereum Soars
Bitcoin Hits $44,000 Again Amidst ETF News In a surprising turn of events, the holiday season seems to be lacking luster in the world of cryptocurrency. Bitcoin, the leading digital coin by market cap, had a sluggish start but managed to reach $44,000 per coin for the second time this month. Currently, it is trading […]
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Ethereum Predicted to Surpass Bitcoin in 2024, Solana Emerges as Competitor
Ethereum May Repeat Bull Market Price Pattern Former Goldman Sachs executive Raoul Pal has made a bold prediction, stating that Ethereum (ETH) will surpass Bitcoin (BTC) in performance by 2024. Pal, who is also the CEO of Real Vision, shared his viewpoint with his one million followers on the social media platform X. He highlighted […]
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Could Bitcoin Reach $100,000 in 2024? Rising Trends and Factors Suggest So
Getting the Lay of the Land To reach $100,000, Bitcoin would need to experience another 130% increase in value. Although this may seem like a substantial jump, it is well within the realm of possibility considering Bitcoin’s average yearly returns of 167%. However, it’s important to take a comprehensive look at various factors and not […]
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Bloomberg Analysis: Peter Brandt Challenges Bitcoin Halving Impact and NVT Signal Indicators
A Contrarian Viewpoint In a thought-provoking post on X, Brandt challenged the widely held belief that the Bitcoin halving event significantly impacts the coin’s price. Contrary to the expectations of many BTC holders, Brandt argued that while the reduction in supply resulting from the halving generates hype, it ultimately only has minimal repercussions on the […]
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Bitcoin ETFs in Retirement Plans: The Future of 401(k) Savings and Cryptocurrency
Navigating New Waters: Bitcoin ETFs in 401(k) Plans Around ten asset managers, including industry leader BlackRock, are competing to launch their own spot Bitcoin ETFs. As a result, everyday retirement savers may soon have the opportunity to include Bitcoin in their 401(k) plans or self-directed IRAs, shifting the perception that cryptocurrency investments are solely for […]
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SEC Sets Deadline for Bitcoin ETFs, Potential Approvals Expected in January 2024
Deadline Set for Final Filings Executives from two of the companies, who preferred to remain anonymous due to the confidential nature of the discussions, revealed that the SEC mandated a December 29 deadline for final updates to their filings. Regulators informed the meeting attendees that any issuer failing to meet this timeline would not be […]
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Arkon Energy Raises $110M for US Bitcoin Mining Expansion, AI Cloud Service
Expanding in the US and Enhancing AI Cloud Service Project Australian firm Arkon Energy is making strides in expanding its bitcoin mining operations in the United States, just six months after entering the North American market. To fuel this growth, the company has raised an impressive $110 million in a funding round led by Bluesky […]
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Bearish Scenario for Bitcoin Emerges as Spot Market ETF Approval Sparks Debate
Bitcoin’s Potential Surge to $60,000 A well-known analyst has presented a bearish scenario for Bitcoin (BTC) following the possible green light for a spot market BTC exchange-traded fund (ETF). According to this analyst, if the current position is less favorable than a $32,000 entry, it is inevitable that some pain will be experienced. However, the […]