🚀 Bitcoin Bull Run Could See $100,000 Price Within Three Months
#Bitcoin #BullRun #BTC #PricePrediction #100000 #TimothyPeterson #MarketAnalysis #Cryptocurrency #Investment #GeopoliticalFactors #USPresidentialElection #HistoricalTrends #CryptoTrading
According to Cointelegraph, Bitcoin (BTC) is in the early stages of a bull run, with the potential to reach a $100,000 price within the next three months. Network economist Timothy Peterson, in his latest market analysis on October 24, stated that the 'ignition' for a new Bitcoin bull market has already begun. Peterson noted that Bitcoin's current trajectory is not significantly different from previous price paths, challenging the 'diminishing marginal returns' argument. He suggested that a move just above the trend could see BTC/USD hit six figures within 90 days, a prediction he believes is reasonable regardless of geopolitical factors, including the outcome of the upcoming US Presidential Election.
Bitcoin has been consolidating for nearly eight months following its all-time high of $73,800 in March. Despite this, Peterson remains optimistic about future gains, indicating that the real upward movement is yet to come. He dismissed the notion that Bitcoin investors experience lower comparative returns with each cycle, emphasizing that the current run aligns closely with historical trends. Peterson's analysis included a chart comparing BTC price performance since its last macro low in late 2022 to previous cycles, reinforcing his bullish outlook.
While some analysts continue to project high price targets for Bitcoin through 2025, others remain cautious in the short term. Popular traders like Credible Crypto foresee a potential pullback, with a possible return toward the $60,000 mark. However, Peterson considers a drop below $60,000 increasingly unlikely, describing Bitcoin as 'not overpriced.' He highlighted how closely Bitcoin has tracked the two-cycle average in recent weeks, suggesting that its current path was predetermined years ago.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.#Bitcoin #BullRun #BTC #PricePrediction #100000 #TimothyPeterson #MarketAnalysis #Cryptocurrency #Investment #GeopoliticalFactors #USPresidentialElection #HistoricalTrends #CryptoTrading
🚀 Metaplanet Adopts BTC Yield As Key Performance Indicator
#Metaplanet #BTCYield #Bitcoin #MicroStrategy #Investment #PerformanceIndicator #Crypto #Blockchain #Finance #Stocks
According to BlockBeats, on October 25, Japanese publicly traded investment firm Metaplanet announced that it will adopt the 'BTC Yield' as a key performance indicator. This metric was first introduced by the U.S. Nasdaq-listed company MicroStrategy. The company believes that this indicator can help investors better understand its decisions to fund Bitcoin purchases through the issuance of additional common stock or convertible instruments.
The BTC Yield metric calculates the percentage change in the ratio between the total Bitcoin holdings and fully diluted shares. Notably, MicroStrategy introduced the BTC Yield metric in August. Metaplanet stated that it will follow this model and provide regular BTC Yield updates in its future Bitcoin purchases. The reports will be updated quarterly and annually, offering information on its total Bitcoin holdings, issued shares, and fully diluted per-share Bitcoin.
Metaplanet disclosed that from July 1, 2024, to September 30, 2024, the company's BTC Yield was 41.7%. From October 1, 2024, to October 25, 2024, the company's BTC Yield increased to 116.4%.#Metaplanet #BTCYield #Bitcoin #MicroStrategy #Investment #PerformanceIndicator #Crypto #Blockchain #Finance #Stocks
🚀 Federal Reserve Expected To Cut Interest Rates By 25 Basis Points In November
#FederalReserve #InterestRates #RateCut #CME #BlockBeats #EconomicNews #NovemberPrediction
According to BlockBeats, data from CME's 'FedWatch' tool indicates a 95% probability that the Federal Reserve will cut interest rates by 25 basis points in November. The likelihood of maintaining the current rate of 4.75%-5.00% stands at 5%.#FederalReserve #InterestRates #RateCut #CME #BlockBeats #EconomicNews #NovemberPrediction
🚀 MicroStrategy's October Trading Volume Reaches 17.65% Of Nvidia's
#MicroStrategy #Nvidia #tradingvolume #stockmarket #marketcapitalization #MSTR #increase #Octobersurge #financialnews
According to Odaily, MicroStrategy's trading volume in October surged to 17.65% of Nvidia's, despite its market capitalization being only 1.5% of Nvidia's. This year, MicroStrategy's stock (MSTR) has skyrocketed by over 240%. In the past five weeks alone, its price has doubled, reaching $236. This significant increase has pushed MicroStrategy's market capitalization close to $50 billion.#MicroStrategy #Nvidia #tradingvolume #stockmarket #marketcapitalization #MSTR #increase #Octobersurge #financialnews
🚀 Grayscale Avalanche Trust Receives Significant AVAX Inflow
#Grayscale #Avalanche #AVAX #cryptocurrency #investment #Arkham
According to Odaily, approximately four hours ago, 945.791 AVAX tokens were transferred into the Grayscale Avalanche Trust. This significant inflow was detected by Arkham monitoring systems. The transfer marks a notable movement within the cryptocurrency market, reflecting ongoing interest and investment in Avalanche's ecosystem.#Grayscale #Avalanche #AVAX #cryptocurrency #investment #Arkham
🚀 Bitcoin(BTC) Drops Below 68,000 USDT with a Narrowed 0.86% Increase in 24 Hours
#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #trading #priceupdate #24hourchange
On Oct 25, 2024, 12:22 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 68,000 USDT and is now trading at 67,986.007813 USDT, with a narrowed narrowed 0.86% increase in 24 hours.#Bitcoin #BTC #USDT #cryptocurrency #Binance #marketdata #trading #priceupdate #24hourchange
🚀 Dormant Bitcoin Wallet Activated After 12.4 Years
#Bitcoin #DormantWallet #WhaleAlert #BTC #Cryptocurrency #Blockchain #Investing
According to PANews, Whale Alert has reported that a dormant Bitcoin address containing 400 BTC, valued at approximately $27,284,805, has been activated after 12.4 years. The address, which was last active in 2012 when the Bitcoin held was worth $2,149, has now seen a significant increase in value.#Bitcoin #DormantWallet #WhaleAlert #BTC #Cryptocurrency #Blockchain #Investing
🚀 Michael Saylor Urges Microsoft CEO To Consider Bitcoin Strategy
#MichaelSaylor #Microsoft #Bitcoin #MicroStrategy #ShareholderReturns #TechnologyCompanies #StockPerformance
According to Foresight News, MicroStrategy founder Michael Saylor has publicly reached out to Microsoft CEO, suggesting a potential strategy for significant shareholder returns. Saylor emphasized that while both MicroStrategy and Microsoft are technology companies, MicroStrategy's unique approach includes holding Bitcoin on its balance sheet. Despite being a smaller company in terms of business volume, MicroStrategy's stock has outperformed Microsoft's by 313% this year.#MichaelSaylor #Microsoft #Bitcoin #MicroStrategy #ShareholderReturns #TechnologyCompanies #StockPerformance
🚀 OpenAI CEO Denies Rumors About Next-Gen Model Orion
#OpenAI #CEO #SamAltman #Orion #NextGenModel #FalseNews
According to Foresight News, OpenAI CEO Sam Altman has publicly refuted rumors regarding the company's plans to launch a next-generation flagship model named Orion. Altman described the information as unfounded and out of control, dismissing it as false news.#OpenAI #CEO #SamAltman #Orion #NextGenModel #FalseNews
🚀 NYSE Arca Plans To Extend Trading Hours To 22 Hours Daily
#NYSE #Arca #tradinghours #stockexchange #capitalmarkets #globalsecurities #regulatoryupdates #SEC
According to Odaily, Bloomberg ETF analyst Eric Balchunas revealed on the X platform that the New York Stock Exchange (NYSE) intends to extend the trading hours of its NYSE Arca stock exchange to 22 hours per day. As part of the Intercontinental Exchange, NYSE stated that the new extended trading hours for its all-electronic trading platform, NYSE Arca, will be from 1:30 AM to 11:30 PM Eastern Time, Monday through Friday.
Kevin Tyrrell, Head of Markets at NYSE, commented, 'The move to extend U.S. stock trading hours to 22 hours a day, five days a week, underscores the strength of the U.S. capital markets and the growing global demand for our listed securities.' Additionally, NYSE plans to seek support from the U.S. Securities Information Processor for the expanded trading hours. These changes will be accompanied by updates to regulatory rules, and NYSE has announced that it will submit an updated framework to the U.S. Securities and Exchange Commission.#NYSE #Arca #tradinghours #stockexchange #capitalmarkets #globalsecurities #regulatoryupdates #SEC
🚀 US Congressman Calls For SEC Leadership Change In 2024
#USCongress #SECleadership #FrenchHill #GaryGensler #regulatoryreform #cryptocurrency #innovation #digitalassets #RepublicanLawmakers
According to PANews, U.S. Congressman French Hill stated in an interview that regardless of which party controls the White House, the U.S. Securities and Exchange Commission (SEC) should undergo a leadership change next year. Hill criticized SEC Chairman Gary Gensler, accusing him of unconstitutional actions and misuse of the agency's regulatory powers. He suggested that the SEC should adopt exemption relief measures for emerging industries like cryptocurrency and take a stance that supports innovation.
Hill, along with other Republican lawmakers, has been critical of Gensler's actions in recent years, accusing him of failing to provide a clear regulatory framework for digital assets.#USCongress #SECleadership #FrenchHill #GaryGensler #regulatoryreform #cryptocurrency #innovation #digitalassets #RepublicanLawmakers
🚀 Fake Ordoginals Project Lottery Detected on Alphabot
#FakeOrdoginals #LotteryScam #Alphabot #Phishing #ScamAlert #CyberSecurity
According to Odaily, Scam Sniffer has detected a phishing activity involving a fake Ordoginals project lottery on Alphabot. Users are advised to remain vigilant and exercise caution.#FakeOrdoginals #LotteryScam #Alphabot #Phishing #ScamAlert #CyberSecurity
🚀 CoinDesk 20 Index Sees Mixed Performance With LINK And BCH Leading Gains
#CoinDesk20 #LINK #BCH #cryptocurrency #marketperformance #digitalassets #APT
According to CoinDesk, the CoinDesk 20 Index is currently trading at 2087.85, reflecting a slight decline of 0.4% (-8.46) since 4 pm ET on Thursday. This index, which is traded on multiple platforms across various regions globally, showcases a mixed performance among its constituents. Out of the 20 assets in the index, nine are trading higher, indicating a varied market sentiment. Leading the gains are Chainlink (LINK) with a 3.4% increase and Bitcoin Cash (BCH) with a 2.1% rise. On the other hand, Aptos (APT) and Near Protocol (NEAR) are among the laggards, experiencing declines of 2.7% and 2.2%, respectively. The CoinDesk 20 Index serves as a broad-based indicator of the cryptocurrency market, providing insights into the performance of major digital assets.#CoinDesk20 #LINK #BCH #cryptocurrency #marketperformance #digitalassets #APT
🚀 Filecoin To Implement v24 Tuk Tuk Upgrade Reducing Transaction Confirmation Time
#Filecoin #v24TukTuk #upgrade #transactionConfirmation #blockchain #mainnet #November2024 #FIL
According to PANews, Filecoin is set to introduce the v24 Tuk Tuk upgrade, which will significantly reduce the transaction final confirmation time from 7.5 hours to just a few seconds. The specific epoch and exact timing for the mainnet upgrade scheduled for November 20, 2024, have yet to be determined.#Filecoin #v24TukTuk #upgrade #transactionConfirmation #blockchain #mainnet #November2024 #FIL
🚀 US October Inflation Rate Expectations Show Slight Decline
#US #Inflation #Economy #Finance #Economists #Expectations #October #ShortTerm #LongTerm
According to Odaily, the final one-year inflation rate expectation for the United States in October stands at 2.7%, slightly below the anticipated 2.9% and the previous value of 2.9%. This indicates a minor decrease in short-term inflation expectations among analysts and economists.
In contrast, the five-to-ten-year inflation rate expectation for October remains steady at 3%, aligning with both the forecasted and previous values. This stability suggests that long-term inflation expectations have not shifted significantly, reflecting a consistent outlook for the future economic environment.#US #Inflation #Economy #Finance #Economists #Expectations #October #ShortTerm #LongTerm
🚀 Attacker Returns $19.2 Million in Cryptocurrency to US Government Address
#Attacker #Cryptocurrency #USGovernment #ZachXBT #Odaily #ReturnFunds #Blockchain
According to Odaily, ZachXBT reported on his personal Telegram channel that an attacker has returned $19.2 million worth of cryptocurrency to a US government address in the past 30 minutes. However, the returned funds do not include those that have already been transferred to exchanges.#Attacker #Cryptocurrency #USGovernment #ZachXBT #Odaily #ReturnFunds #Blockchain
🚀 Waymo Secures $5.6 Billion in Oversubscribed Funding Round
#Waymo #Funding #AutonomousDriving #Alphabet #Investment #TechNews
According to Foresight News, Waymo, the autonomous driving technology company, has announced the completion of a $5.6 billion oversubscribed funding round. The round was led by Alphabet, Google's parent company, with participation from Andreessen Horowitz, Fidelity, Perry Creek, Silver Lake, Tiger Global, and T. Rowe Price.#Waymo #Funding #AutonomousDriving #Alphabet #Investment #TechNews
🚀 Bitcoin ETF Sees $3 Billion Inflows Over Two Weeks, Predicts Bitwise CIO
#Bitcoin #ETF #investment #finance #Bitwise #cryptocurrency #markettrends #inflows #BTC
According to Odaily, Bitwise Chief Investment Officer Matt Hougan revealed on the X platform that Bitcoin ETFs have experienced an inflow of $3 billion over the past two weeks. Hougan anticipates that the market will be extremely 'hot' by the end of the year.#Bitcoin #ETF #investment #finance #Bitwise #cryptocurrency #markettrends #inflows #BTC
🚀 Tokenized Treasury Market Grows, Potentially Challenging Stablecoins
#TokenizedTreasury #Stablecoins #JPMorgan #YieldGeneration #RegulatoryConstraints #LiquidityIssues #Tether #Circle #USDT #USDC
According to Odaily, analysts at JPMorgan have observed a growing market for tokenized treasury bonds. These tokenized U.S. treasuries are increasingly being viewed as an alternative to stablecoins for yield generation and may challenge the dominance of stablecoins in the market. However, analysts caution that regulatory constraints and liquidity issues suggest that tokenized treasuries may only partially replace stablecoins.
The analysts highlighted that major stablecoin issuers like Tether (USDT) and Circle (USDC) do not share reserve earnings with their users. This practice not only reduces their income but also classifies stablecoins as securities. Such classification would subject them to stringent regulatory oversight, potentially limiting their use as collateral in the cryptocurrency market.#TokenizedTreasury #Stablecoins #JPMorgan #YieldGeneration #RegulatoryConstraints #LiquidityIssues #Tether #Circle #USDT #USDC
🚀 Riot Platforms Increases Stake In Bitfarms Ltd
#RiotPlatforms #Bitfarms #BitcoinMining #Investment #RegulatoryFiling #MarketPurchase #StakeIncrease #Cryptocurrency
According to PANews, Riot Platforms, the third-largest Bitcoin miner on Wall Street, has significantly increased its stake in competitor Bitfarms Ltd. In a regulatory filing on August 13, Riot disclosed its acquisition of an additional 1 million common shares of Bitfarms through open market purchases. This transaction, valued at approximately $2.28 million, raises Riot's total holdings in Bitfarms from 84.3 million shares to 85.3 million shares. With this acquisition, Riot now owns 18.9% of the Canadian mining company, thereby enhancing its influence over Bitfarms. Riot stated that it will continue to review its investment in Bitfarms and may consider further actions, including adjusting its position or proposing changes to the composition of the board.#RiotPlatforms #Bitfarms #BitcoinMining #Investment #RegulatoryFiling #MarketPurchase #StakeIncrease #Cryptocurrency
🚀 Aave's Net Deposits Surpass $20 Billion, Doubling Other Lending Protocols
#Aave #NetDeposits #LendingProtocols #Cryptocurrency #MilkRoad
According to PANews, data shared by crypto influencer Milk Road reveals that Aave has accumulated over $20 billion in net deposits. This figure is nearly double the combined total of all other lending protocols.#Aave #NetDeposits #LendingProtocols #Cryptocurrency #MilkRoad