If you make 10 million from cryptocurrency trading and want to transfer these funds to a domestic bank account, you may indeed face the risk of huge amounts of property with unknown sources, and even cause legal problems. However, there are some legal ways to convert these funds into legal income.
One possible way is to withdraw funds from the exchange to USDT and transfer them to a legal wallet such as BiyaPay. This wallet has a legal license in the United States and allows you to exchange USDT for an equivalent amount of US dollars. Next, the US dollars can be withdrawn to Wise or OCBC Bank. Although this process will incur fees and exchange rate losses, the source of the funds will be considered legal. Through Wise, you can transfer US dollars back to Alipay, WeChat or Bank of China, but be aware of the annual limit. Through OCBC Bank's 360 account, you can withdraw cash directly in China, avoiding the $50,000 limit.
Another option is to withdraw USDT to iFAST UK Bank through Kraken Exchange, which also has a legal license. This path is also legal, but it also involves fees and exchange rate losses.
Before doing the above, be sure to consult a professional legal advisor to ensure that each step complies with local laws and regulations. At the same time, please remember that any legalization path will be accompanied by a certain cost, which is to ensure the safety and legality of funds.
The Road to $1 Million for Bitcoin is Not Magic, But a Logical Progression
Story Highlights Bitcoin's journey to $1M depends on scarcity, adoption rates, and market dynamics, not magic. Bitcoin ETF inflows and treasury adoption have driven institutional confidence and price growth. Reaching 3% of global wealth could push Bitcoin's market cap to $20 trillion. Bitcoin's journey to becoming a true store of value has rekindled interest as its price approaches $100,000. According to well-known cryptocurrency trader and investor VirtualBacon, the potential for cryptocurrency to reach $1 million per coin in the next decade is not just a dream, but a logical progression. But how exactly does this happen?
DOGE price has risen 5% today, with several technical and on-chain indicators suggesting that Dogecoin may soon set a new all-time high in the coming weeks.
Dogecoin (DOGE) price has increased by over 5% in the past 24 hours to $0.3918, outperforming the cryptocurrency market, which rose about 0.9% during the same period to $3.09 trillion. Data from Cointelegraph Markets Pro and TradingView shows that DOGE has been on an upward trend for the past two weeks, rising 209% from a low of $0.1420 on November 3 to a three-year high of $0.4329 on November 12.
Bitcoin Hash Rate Declines, Do Miners Expect a Pause in the Bull Market?
On-chain data shows that Bitcoin's hash rate has recently faced setbacks, which may indicate that miners may not believe the asset's run will continue. The Bitcoin mining hash rate has decreased since its historical high. The 'hash rate' refers to the metric that tracks the total computational power of miners currently connected to the Bitcoin network. The value of this metric is measured in hashes per second (H/s) or, more practically, in terahashes per second (TH/s). When the value of this metric increases, it indicates that new miners are joining the network, while old miners are expanding their mining operations. Such a trend suggests that the blockchain presents a profitable opportunity for these chain validators.
Story Highlights ATOM price surges 65%, breaking the psychological barrier of $6 and the 38.20% Fibonacci level at $6.124. The bullish golden candle confirms strong momentum, with a recent target set at $7.19 (50% Fibonacci level).
Wider market support may push ATOM to the psychological barrier of $10, potentially reaching $10.63 by the end of 2024. As altcoins prepare to soar in this bull market, ATOM price shows a phoenix-like recovery. Overcoming long-term bearish impacts, the breakthrough above $6 aims to change trend characteristics through a 50% Fibonacci breakout.
Bitcoin Price Analysis: BTC Holds Near $91,000 as Trump's Support for Cryptocurrency Sparks Investor Optimism
Bitcoin prices have stabilized around $91,300, reflecting a cautious optimism in the market as it weighs the elected president Donald Trump's supportive stance on cryptocurrencies. His proposals, including a U.S. Bitcoin reserve and supportive regulations, have sparked investor interest, although concerns over inflation and trade policies have tempered enthusiasm. The current market consolidation highlights a balance between long-term adoption prospects and recent macroeconomic uncertainties. Trump's commitment to cryptocurrency drives Bitcoin volatility.
Bitcoin (BTC) experienced significant price volatility this week, initially plummeting by 3% before rebounding to $91,300. Optimism surrounding elected president Donald Trump's supportive policies for cryptocurrencies has driven this recovery, including the potential establishment of a U.S. Bitcoin reserve and regulatory reforms to support digital assets.
Crypto Analyst Warns Bitcoin Market Could Change as Foreign Exchange Reserves Fall
Bitcoin has been on a notable upward trajectory as of late, trading close to new all-time highs above $93,000. While this surge has raised investors’ hopes, analysts appear more focused on deeper, longer-term shifts that could impact BTC’s future market price.
Bitcoin’s Market Shift According to CryptoQuant analyst KriptoBaykusV2, one notable change observed in the Bitcoin market is its dwindling exchange reserves. Analysts revealed that reserves have fallen from around 3.2 million at the beginning of 2023 to below 2.6 million today, suggesting that more investors are moving their BTC from exchanges to cold storage.
FIL fluctuates around 4.5. It is expected to reach above 5 next week. Those who are interested can wait patiently, and those who are not interested can watch from the sidelines. There are many opportunities in the cryptocurrency circle, so there is no need to rush to act.
It has risen so much, a pullback is a normal phenomenon. Currently, we are near support, so let's patiently wait for a short-term stabilization bottom.
Bitcoin Indicator Breakout Teases 'Inevitable' 90% BTC Price Increase Next
If a classic BTC price indicator repeats historical breakouts, Bitcoin (BTC) will face a 'strong bull market rebound.' In a November 18 Quicktake blog post, on-chain analysis platform CryptoQuant marked a rare golden cross for Bitcoin's Puell Multiple. Puell Multiple is close to the BTC price breakout line. If the Puell Multiple sees a rare breakout, Bitcoin bulls will benefit from an average price surge of 90%. Analyzing behavior over the past five years, CryptoQuant shows that this indicator has only crossed its 365-day moving average three times. Each time, BTC/USD has 'experienced significant price surges.'
Analyst Says Bitcoin Market is Still in a 'Healthy Growth' Phase — Here's Why
Last week, Bitcoin experienced sustained upward momentum, leading the asset to break through multiple resistance levels, ultimately reaching a peak of $93,477. However, since then, the price of BTC has declined, seemingly stabilizing above $90,000 while showing signs of controlled market sentiment. In this price performance, a CryptoQuant analyst named G a a h recently shared his views on Bitcoin's current market behavior, focusing on an important metric such as the Short-Term Holder Spent Output Profit Ratio (STH SOPR) to reveal whether the asset still has greater growth potential.
Metaplanet will expand its Bitcoin holdings through an $11.3 million bond sale.
In today's announcement, Japanese company Metaplanet revealed plans to increase its Bitcoin (BTC) holdings through the issuance of bonds worth $11.3 million to raise funds for purchases. Metaplanet will increase its BTC holdings through the issuance of bonds. The Tokyo-listed company announced on November 18 that its board has approved the secured sale of debt valued at 1.75 billion yen (approximately $11.5 million). The bonds will mature in one year, expiring on November 17, 2025, with an annual interest rate of 0.36%. The proceeds from the bond issuance will be used solely for the purchase of BTC. It is worth noting that Metaplanet already holds 1,018 BTC on its balance sheet.
Bitcoin Expected to Reach $200,000 by 2025: Bernstein Research
Bitcoin is the oldest and largest cryptocurrency in the world, expected to reach $200,000 by the end of next year. These forecasts from Bernstein Research exceed last year's target price of $150,000. Investment and research firm Bernstein Research has released a Bitcoin price prediction of up to $200,000 by 2025. Several factors, including the U.S. elections, institutional demand and adoption, and potential regulatory changes, will drive Bitcoin prices to these new targets. Donald Trump winning the presidential election on November 5 has sparked speculation that the chairman of the SEC and the Treasury Secretary will be figures who support cryptocurrencies.
Bitcoin Price Prediction: Fundstrat Believes BTC Will "Easily" Exceed $100,000 This Year
Tom Lee, the head of research at independent financial analysis firm Fundstrat, reiterated his optimistic outlook for Bitcoin prices and predicted that the cryptocurrency is likely to reach the $100,000 mark by the end of this year. Optimistic Bitcoin price outlook In a recent appearance on CNBC's Squawk Box, Lee discussed the political landscape's implications following Donald Trump's victory over Kamala Harris in the presidential election, suggesting Bitcoin could play a key role in the upcoming government. Lee clarified that Bitcoin can serve as a solution to some of the financial challenges facing the U.S., especially if it is designated as a national reserve asset— a commitment made by Trump earlier this year at the national Bitcoin conference in Nashville.
The main theme of this bull market is the MEME ecosystem, which is based on SOL and has no clear benefits for ETH. As long as MEME remains hot, SOL will continue to be strong. With more people participating in MEME, the demand for SOL will become even stronger.
In the short term, MEME may adjust at any time and is already at its peak. It’s advisable to wait for a pullback before entering SOL. BTC and SOL are the leaders, and the popularity of MEME culture is also high; understanding these will help navigate the altcoin season.
The Bitcoin price is currently in green trading, hovering around $91k. The bulls rebounded to $92,596 and then reversed. Since October, Bitcoin has surged about $30,000, showing strong growth, especially in the past two weeks. However, in recent days, the price increase has slowed, leaving many wondering if this indicates a slowdown, correction, or sustained growth. However, in a significant update, MicroStrategy, led by Michael Saylor, has been buying Bitcoin for over four years, and today they added 51,780 BTC, bringing their total holdings to about 331,200 BTC. This is part of their broader strategy to build a Bitcoin treasury, raising $42 billion through equity and fixed income over the next three years, primarily to purchase more Bitcoin. This could actually be a catalyst for BTC prices.
Analysts' $200K Bitcoin Target Fuels Bullish Fire as Bears Prepare to Make an Impact
As analysts reaffirm the $200K target, pressure on Bitcoin bears is mounting. Leading research and brokerage firm Bernstein reiterated in a client report on Monday that Bitcoin prices could reach $200,000 by 2025, maintaining its earlier prediction. The firm noted that the shifting political, regulatory, and market conditions remain aligned with its long-term outlook. Bernstein analysts, led by Gautam Chhugani, stated: We are entering a phase where we expect the bearish conspiracy against Bitcoin to turn into pain. With Bitcoin trading close to $92,000, Bernstein's June prediction of $200,000 now seems increasingly feasible. Chhugani believes: 'Bitcoin reaching $100,000 seems imminent, and our $200K Bitcoin target for 2025 now doesn't seem so far-fetched.
Bitcoin Forms Bullish Pennant Indicating Surge to $113,000 Is Coming, Here's How
Crypto analyst Trader Tardigrade revealed a bullish pattern forming on the Bitcoin chart. Based on this, the analyst explained how the Bitcoin price could rebound to $113,000. The bullish pennant for Bitcoin could push the price up to $113,000. In an X post, Trader Tardigrade mentioned the bullish pennant forming on the Bitcoin chart. This analyst stated that the BTC price is still preparing for the next upward move of this bullish pattern. The bullish pennant indicates a continuation of the upward trend after a brief consolidation period.
Trader Tardigrade stated that the consolidation of Bitcoin within the Pennant looks very healthy and good. He added that the Bitcoin price is now climbing to a peak and will soon break through. In line with this, the analyst stated that the short-term target for Bitcoin price remains $113,000.