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Crypto-News-Flash
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7 Reasons Bitcoin Could Skyrocket to $200K by 2025
- Bitcoin might hit the historically ATH by 2025, at $200k.
- Government attention, company adoption, and global economic conditions all point to Bitcoin’s advantage.
- U.S. could build a strategic Bitcoin reserve. Proposed by Senator Cynthia Lumis is acquiring one million BTC over five years, or about 500 BTC daily.
- While small governments like Bhutan have discreetly been mining Bitcoin and building significant reserves, others like El Salvador have approved the medium of transaction.
- Tech giants like Microsoft could turn to BTC as a store of value. Should Microsoft or other giants like Facebook and Apple choose to invest in BTC, it might trigger a tsunami of institutional buying, hence driving up the value of Bitcoin.
- According to Davis, demand for recent Bitcoin ETF introductions has been unheard-of.
- Retail curiosity in Bitcoin is rising, and Coinbase and Crypto.com have seen notable increases in their app rankings.
- The lowering of world interest rates serves as another driver of a Bitcoin price explosion.
- China has also revealed a $1.4 trillion stimulus plan which will provide extra liquidity for world markets.
- Davis speculates that BTC would peak 12 to 18 months following the most recent halving, therefore positioning its probable peak between April and November 2025.
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TheNewsCrypto
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NYDIG’s Cipolaro Calls Bitcoin Exposure Following Election Shift
- Bitcoin exposure is essential for investors following U.S. election.
- NYDIG’s Cipolaro warns that not owning bitcoin may lead to financial peril.
- Greg Cipolaro believes the election outcome marks a pivotal shift for bitcoin adoption.
- Bitcoin accessibility and increasing institutional interest contribute to its positive outlook.
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Coin Telegraph
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Image Credit: Coin Telegraph
Bitcoin on track for $85K, breaks record $82.4K ‘uncharted territory’
- Bitcoin breaks record high at $82,410, enters uncharted territory.
- Bitcoin is expected to reach $85,000 within the next week.
- Donald Trump's election victory boosts investor appetite for Bitcoin.
- Ether price surpasses $3,200, driven by Bitcoin's all-time high.
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Coin Telegraph
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Image Credit: Coin Telegraph
Why is the crypto market up today?
- The total crypto market capitalization is up 1.85% over the last 24 hours to $2.77 trillion, with trading volume jumping 75% to $235 billion.
- Bitcoin (BTC) has risen 2.8% to $81,587, close to its all-time high. Ether (ETH) dipped 0.91% to trade at around $3,166.
- Dogecoin (DOGE) has soared 23% in the last 24 hours and 151% in the past 30 days, reaching a multi-year high above $0.30.
- Institutional investors increased exposure to digital assets, with crypto investment products seeing total inflows of $1.98 billion, with Bitcoin investment funds receiving $1.8 billion.
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Altcoinbuzz
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FTX Sues Binance and Founder CZ for $1.8 Billion
- FTX, a cryptocurrency exchange, has filed a lawsuit against Binance and its founder, CZ, demanding $1.8 billion in damages.
- The lawsuit stems from a deal made in 2021, where Binance acquired a 20% stake in FTX.
- FTX claims that Binance and CZ's actions have hurt their business, leading to the legal battle.
- The lawsuit has caught attention in the crypto industry and could have significant consequences for Binance and the regulation of the crypto market.
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Bitcoinsensus
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FTX Sues Binance and CZ Zhao, Seeks $1.8B Over Fraud Claims
- FTX has filed a lawsuit against Binance and CZ Zhao, seeking $1.8 billion in damages.
- FTX alleges that Binance and its executives received $1.75 billion fraudulently in a 2021 buyback deal.
- The lawsuit aims to recover the funds transferred by Sam Bankman-Fried in FTT, BNB, and BUSD tokens.
- This legal action highlights the growing demand for transparency and accountability in the cryptocurrency market.
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Bitcoinist
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Image Credit: Bitcoinist
Bitcoin Undergoes Multiple Major Breakout: A Super Cycle For BTC Imminent?
- Bitcoin has undergone multiple major breakouts in recent weeks, signaling a possible entry into a super cycle.
- Key resistance zones, Fibonacci levels, and moving averages have been broken, with BTC showing upward strength.
- Analyst Doctor Profit predicts the next target for BTC between $87,000 and $88,000, with a minor correction expected.
- Stablecoin demand is increasing, indicating the beginning of the anticipated super cycle as institutional and retail investors buy more Bitcoin.
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Coinjournal
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Over 40,000 BTC leave exchanges as Bitcoin hits $82k
- Bitcoin reached a new all-time high above $82,000 on November 11, 2024.
- Over 40,000 BTC valued at nearly $3.28 billion have left exchanges in the past week.
- The bullish sentiment in the market, along with catalysts like Donald Trump's US election victory and interest rate cuts, has contributed to the surge in Bitcoin's price.
- BTC price forecasts suggest a potential surge to $100,000 before the end of the year.
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Insider
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Binance CEO calls Trump's election victory a 'big win for crypto' as bitcoin hits a new high
- Binance CEO Richard Teng sees Trump's election victory as a big win for crypto.
- Bitcoin's value surpasses $80,000 for the first time following Trump's win.
- Trump's campaign was fueled by crypto-friendly pledges, making him a staunch supporter of digital currency.
- Bitcoin's market cap reaches $1.6 trillion, exceeding Meta, Tesla, and Berkshire Hathaway.
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99Bitcoins
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Why is Crypto Going Up Today? Will Bitcoin Break $100K In 2024?
- The bull market is back, and crypto is rallying.
- Analysts expect Bitcoin price to reach $100,000, driven by spot Bitcoin ETFs, Donald Trump's win, and FOMO.
- Bitcoin is trading above $81,500 and defies gravity, while Ethereum is above $3,000.
- The increase in Bitcoin price is attributed to FOMO and increased demand from retailers and institutional investors.
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Altcoinbuzz
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Sui Hits New All Time High
- Bitcoin hits all-time high over $81,000, accompanied by other cryptocurrencies like Ethereum and Cardano experiencing price surges.
- Sui, a cryptocurrency, reaches a new all-time high with a 50% surge in value over the weekend.
- Sui demonstrates strong fundamentals with over $100 million in native USDC issuance and the availability of a new liquid token standard called SpringSui.
- Sui expands beyond DeFi, making advancements in the NFT and gaming sectors.
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Newsbtc
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Image Credit: Newsbtc
Bitcoin Price Blasts Through $82,000: These Are The Key Reasons
- Bitcoin surged past the $82,000 mark on Binance, marking a substantial 17% increase since the public announcement of Donald Trump’s victory in the recent US presidential election.
- The victory of Donald Trump has significantly bolstered Bitcoin’s market sentiment, primarily due to his campaign promises and supportive legislative initiatives.
- Rumors about Bitcoin nation-state adoption and the establishment of a national Bitcoin reserve under Trump have ignited a global race to amass Bitcoin reserves.
- A significant short squeeze and the resurgence of retail interest have also contributed to Bitcoin's recent rally.
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Altcoinbuzz
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Eclipse Launches Ethereum-Solana Hybrid Blockchain
- Eclipse has launched the first Ethereum Layer-2 (L2) network powered by Solana, combining the strengths of both blockchains.
- Before its launch, Eclipse raised over $65 million in funding, drawing attention from major investors.
- Eclipse helps people use Ethereum faster and at a lower cost by using Solana's technology for transactions.
- The project connects Ethereum-based apps with native Solana apps, allowing users to interact across both networks.
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Coinjournal
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Image Credit: Coinjournal
Bitcoin breaks $82,000 boosted by Trump’s re-election win
- Bitcoin reaches over $82,000, boosted by Donald Trump's re-election
- Bitcoin's value has risen more than 19% in the past seven days and 30% over the past 30 days
- Institutional interest in Bitcoin is rising, with BlackRock's IBIT ETF attracting $1.12 billion in daily inflows
- Other cryptocurrencies like Ethereum, Solana, and Dogecoin are also experiencing a rally
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Altcoinbuzz
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Top Crypto Partnerships November Week 2
- Several crypto partnerships that aim to improve security, efficiency, and usability have been announced recently.
- ChainGPT, partnered with Travala.com, is making travel bookings through cryptocurrency a reality.
- Bluwhale AI joined hands with Hybrid to create and monetize AI agents seamlessly.
- OMNIA Protocol and Eclipse partnership will enhance the scalability of new decentralized applications.
- Movement's collaboration with Gateway Protocol enables developers to create decentralized applications to guard sensitive data effectively.
- Bitfinity Network teamed up with Blaze to develop next-gen EVM Layer-2 protocol to integrate Bitcoin with Ethereum.
- The collaborations build privacy and merge AI, paving the way for a safer and more decentralized environment.
- All these partnerships are laying the foundation for the next big thing in crypto.
- The information shared is for educational, entertainment, and informational purposes only.
- Any investment in cryptocurrency is subject to high risk, so proper due diligence is advised.
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