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Michael Saylor expects Bitcoin will reach $100K by year-end The US election prompted MicroStrategy Executive Chairman Michael Saylor to predict Bitcoin will reach $100,000 by year-end. Bitcoin hit a record high above $93,200 on Wednesday after the US CPI report. MicroStrategy added $2.03 billion in Bitcoin on Monday, bringing its total to 279,420 BTC. Michael Saylor, MicroStrategy's executive chairman, expects Bitcoin will reach $100,000 by 2024, calling the US election the most crucial event for Bitcoin in four years. Saylor told CNBC on Friday that he will organize a New Year's Eve party at his house, anticipating Bitcoin to hit a record high. He downplayed fears that Bitcoin may fall below $30,000, saying it might not dip below $60,000. âIt should rise from here. My $100,000 celebration will likely occur on New Year's Eve at my residence. âI would be surprised if we donât go through $100,000 in November or December,â Saylor said. The cryptocurrency hit a record high of almost $93,200 on Wednesday after the US CPI report. The stock is at $89,800 on Friday, up 3% in 24 hours. Saylor's optimism reflects Bitcoin's recent gains, boosting his confidence in its year-end ascent. Bitcoin hits $75,000 after Trump wins. The executive chairman of MicroStrategy connected Bitcoin's current bull run to Donald Trump's election and the GOP's House and Congress control. After Trump was elected president, Bitcoin reached a record $75,000, suggesting a favorable market trend. Ethereum (ETH), Solana (SOL), and meme currencies follow Bitcoin as a crypto benchmark. According to the Stand With Crypto campaign, 272 pro-crypto House candidates, mostly Republicans, have won seats, suggesting strong legislative support for the business. On Monday, MicroStrategy invested $2 billion in Bitcoin, bringing its total to 279,420 BTC. As the largest corporate Bitcoin holder, MicroStrategy gains with this acquisition. #BTCBreaks93k #BTC100K $BTC
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At what point will Dogecoin's price begin to rise again? Prediction from an Expert
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XRP Could Reach $1 Today as Influencer Hints to Epic Pump XRP, Ripple's cryptocurrency, has risen significantly. The price is around $0.80 currently. This increase follows SEC Chair Gary Gensler's possible resignation, which many feel might improve cryptocurrency regulation. Legal Challenge to SEC The SEC was sued by 18 states, including Texas and Florida, on November 14 for unlawful bitcoin regulation. The DeFi Education Fund's complaint claims that the SEC's aggressive prosecution of crypto companies without clear standards has stifled innovation and violated states' rights to control own economies. Kentucky Attorney General Russell Coleman said this court action seeks to reduce excessive federal regulation that hurts digital market consumers. Possible Gensler Resignation Implication Gensler said he was honored to serve at the SEC in a Practicing Law Institute lecture, hinting to his retirement. His resignation might signal the conclusion of Ripple's legal struggle for XRP's security status. In addition to these legislative reforms, Ripple will create a USD-backed stablecoin on its ledger, improving its ecosystem and utility for consumers and developers. This should boost XRP Ledger adoption and liquidity. Analysts expect XRP to climb to $1 or more as market confidence improves for the reasons above. After Trump became president in 2024, cryptocurrency saw significant investment. XRP is currently $0.8543, up 18.9% in 24 hours. Weekly and monthly gains for XRP exceed 50%. #NextMarketMoves #XRP #Ripple $XRP
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Strong Momentum Might Catapult BTC Price Over $100,000 Mark In The Upcoming Week, PEPE and RichQuack
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Binance Rules As Bitcoin Futures Volume Peaks During Historic Price Rally Bitcoin reached a fresh all-time high on November 13, sparking crypto market activity. The futures market has been particularly affected, with BTC/USDT trading volume rising. This growth indicates a period of significant market involvement, with Binance leading the way. The analyst said on CryptoQuant QuickTake that spot and futures trading activity has increased on major controlled exchanges. BTC/USDT trading volume on all major platforms has hit $129 billion, with Binance contributing $50.2 billion. The rise in futures trading has sparked concerns about market stability and volatility. As Crazzyblockk highlighted, fast expansion in Bitcoin's derivatives sector, especially futures, typically causes market swings. The CryptoQuant analyst added: This may temporarily raise demand, but it generally causes significant volatility and pullbacks. Investors and traders should be cautious due to the âoverheatedâ market, the researcher said. Using his words: Given the current situation, investors and traders should be cautious, avoid hurried speculation, and wait for price stability before acting. Bitcoin Outlook Bitcoin has fallen 6.1% to $87,977 in the previous day. After reaching a record high above $93,000 yesterday, the price is falling. BTC is 5.9% down from its high after trading below $88,000. Despite this ongoing slump, famous crypto researcher Ali recently revealed an intriguing BTC pattern. #Binance240MUsers #BTCBreaks93k #USUALonLaunchpool&Pre-Market $BNB
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