Bitcoin expected to hit $150,000 by the beginning of the year
Experts and traders expect Bitcoin to reach $150,000 by mid-2025. This prediction comes after the cryptocurrency's recent rise above $100,000, a feat it achieved last week for the first time.
Bitcoin has seen a remarkable increase of 134% since the beginning of the year so far, and this upward trend is expected to continue.
The past, through direct holdings, exchange-traded funds (ETFs), and partnerships with companies specializing in cryptocurrencies, has been a turning point for Bitcoin.
After Bitcoin recently crossed the $100,000 barrier, El Salvador’s President Nayib Bukele celebrated the historic milestone. The small Central American nation, which adopted Bitcoin as legal tender in 2021, now holds nearly 6,000 Bitcoin, with its portfolio value rising by a staggering 123.67% on a $269.7 million investment.
On December 5, Bukele revealed on Twitter that he had made an unrealized gain of $333.6 million, sparking a wave of praise from the crypto community. Even billionaire Elon Musk called the achievement “impressive.” Despite Bitcoin slipping back slightly to $98,000, El Salvador’s holdings are still worth a staggering $556.4 million. #bitcoin #بيتكوين #silvador #Winn $BTC $XRP
Bitcoin is the most popular and widely used digital currency.
The currency has seen significant growth since its launch in 2009, reaching record prices of over $60,000 at times.
2. Reasons:
Increased global adoption Many major institutions and banks have begun to adopt Bitcoin as a means of payment and investment.
Inflation and weakness of traditional currencies: With the decline in the value of paper currencies in some countries, investors are turning to Bitcoin as a means of protecting their money.
Limited supply: The total number of Bitcoins is limited to 21 million coins,
Institutional investment: The entry of investment funds and major companies such as "MicroStrategy" and "Tesla" enhances confidence in the currency
If demand continues to rise and confidence in Bitcoin as a digital asset increases, reaching $100,000 is not unlikely. Some analysts suggest that Bitcoin could surpass this number with wider adoption and economic volatility $BTC $XRP $ADA #MarketDownturn #bitcoin #xrp #ADA #hamsterkombat
Trading near a record high of $80,000 after hitting that level earlier in the session. This is its highest level this year of $38,505, which was seen on January 23, marking a remarkable recovery with a gain of 65.4%.
Bitcoin’s performance this year has been the focus of attention for investors and enthusiasts alike This peak continues to attract attention and speculation about Bitcoin’s future trajectory and its impact on both the cryptocurrency market and the financial system #bitcoin #MarketWatch2024 #بيتكوين #نظام_المال #التداول $XRP $DOGE
TOKEN service launched in Egypt #Update#Payment#Electronic6486920424#Egypt5709644116#payment#bank VISA Egypt expects to activate the "TOKEN" technology for electronic payment in Egypt, which the company has been working on for some time in cooperation with the Central Bank of Egypt, within two months.
The "TOKEN" technology allows financial transactions to be conducted via mobile phone without the need to use banknotes or plastic payment cards. It is a technology that replaces personal data with digital codes that hide payment data. The "TOKEN" service allows customers via mobile phone to carry out financial transactions by logging into the Internet banking service to view balances, movements and statements of various accounts. The Vice President of Visa and the General Manager of the company in Egypt said that the new service will be activated very soon, and may be before the end of this year. $BTC $BNB $DOGE #MarketDownturn 6486920424257096441169
I started following digital currencies 5 years ago and I had no idea about them or how they work. After two years or more, I entered the Binance platform and digital currency trading sites to get a chance to make a profit for me
BRICS Group Develops Blockchain-Based Payment System
Russia, as part of the BRICS alliance, has announced plans to launch a new payment system using blockchain technology with the aim of transforming the trade settlement system. This system is expected to provide an independent mechanism for financial transactions between the alliance’s member states. This plan comes within the framework of joint efforts by the BRICS countries to use digital innovations and blockchain technology to enhance their influence in the international monetary system.
Yesterday, October 8, Canary Capital filed an application with the US Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) linked to the Ripple currency XRP.
This is the second application for a Ripple XRP fund in two weeks, following a similar application from Bitwise on September 30.
The new product aims to track the price of XRP using the Chicago Mercantile Exchange (CME) index.
Although this source was previously unknown, analysts expect a possible approval for the fund, but the approval is conditional on changes in the SEC’s management. For his part, a spokesperson for Canary Finance expressed optimism about the advanced regulatory environment and the growing demand from investors for cryptocurrency solutions, especially XRP, outside of Bitcoin and Ethereum. In the same context, Grayscale announced in September an XRP fund that tracks the price of the currency, paving the way for its transformation into an XRP ETF similar to the BTC and ETH funds it manages. As for the price of XRP, it did not see much reaction to the news, settling at $0.532.
However, the coin has fallen by 11% over the past week,
Ripple’s legal victory against the SEC is expected to be the main catalyst for a future rise in the price of XRP $BTC $XRP
Russia 🇷🇺 Starts Creating Cross-Border Payments Using Cryptocurrencies!
According to a publication, Anatoly Aksakov, Chairman of the Financial Market Committee of the Russian State Duma, announced that the Russian Central Bank and the Ministry of Finance are working on regulations to establish rules for cross-border payments using cryptocurrencies. The government aims to complete these regulations by the end of November.
Initially, the Russian government will test the cryptocurrency payment mechanism under an experimental legal regime (EPR). This means that only selected participants, such as credit institutions and banks, will be allowed to participate in the process. The goal is to reduce risks and help formulate regulations to protect the market from fraud. Aksakov revealed that companies are already using cryptocurrencies for import and export payments, with the transaction volume estimated at billions of dollars 🪙 $BTC $BNB $XRP #AirdropGuide #RussiaCrypto #coinmarket #xrp
A hacker uses a clever trick to steal cryptocurrencies!!
Users of the Indian cryptocurrency exchange (WazirX) were hacked and funds were transferred using the Tornado Cash service. The Tornado Cash service allows cryptocurrency users to exchange tokens while hiding wallet addresses on various blockchains. Although the service itself is not suspicious, it is commonly used by crypto criminals to hide digital evidence.
According to data tracked by Arkham, the hacker transferred nearly $4 million in ether (ETH) via 16 transactions on the Ethereum network to the Tornado Cash router.
The stolen funds constitute more than 45% of the total reserves reported by the exchange in its June 2024 report.
Legal advisors for WazirX stated on Monday that customers are unlikely to recover their entire cryptocurrency funds, with the best-case scenario being a recovery of between 55% and 57% of the funds. #bitcoin #Binance #etherreum #hacker #tornado $BTC $ETH
Hamster Kombat has announced that it will list its native token $HMSTR on major cryptocurrency exchanges. The listing will take place on September 26, 2024, and will include platforms such as Binance, Bybit, Gate.io, and OKX. $HMSTR acts as the main in-game currency, allowing players to purchase, upgrade, and trade hamster-inspired non-fungible tokens (NFTs). These tokens are central to the game’s strategy mechanics. With over 300 million players worldwide, $HMSTR was priced at around $0.1140 in the Gate.io pre-listing market. However, despite strong interest, the token has yet to be listed on Binance $BTC $XRP #BinanceBlockchainWeek #hamsterkombat #coin #هامستر_كومبات #عملات
A currency appreciation occurs because of increased demand or decreased supply, and often reflects confidence in the economy or higher interest rates. This appreciation makes imports cheaper but can hurt exports because they become more expensive for foreign buyers, which can negatively impact economic growth if not managed properly.
The most likely explanation for this shift came from the publication of reports that the US government had mobilized $2 billion worth of cryptocurrencies after the rebound created by positive comments regarding regulations.
other reasons
The US government transferred $2 billion worth of Bitcoin, exacerbating the digital currency's losses. 29,800 tokens were transferred to two different addresses, which may indicate an upcoming sale. The value of Bitcoin previously fell to $54,000 as a result of these concerns, although it later recovered. In July. It holds about $12 billion worth of confiscated tokens, most of it from the former Silk Road market. Former President Trump pledged not to sell any government property if he wins the presidency.
An upcoming event that expects major currencies to reach new levels
Several companies have submitted additional data to register Ether funds, and they are expected to begin trading on Tuesday following SEC approval. Competitors include massive asset managers such as BlackRock, Fidelity and Vanic, as well as cryptocurrency firms such as BitWise, 21Shares and Grayxyl. These new funds will become the first in the United States to buy and hold Ether instantaneously. At the same time, Bitcoin recorded a level of $66,528, a decline of 1.16% during the last 24 hours, while Ethereum recorded a level of $3,453, declining by about 0.7%.#bitcoin#Binance#xrp#ADA#Bitcoin$BTC $ADA
The UK Solicitors Regulation Authority (SRA) issued a warning on July 8 about a sophisticated email scam involving solicitors being tricked into demanding Bitcoin. According to the update published on the SRA website, scammers send emails from the address “joyti.henchie@attwaters.co” claiming to have obtained the recipient’s personal data. The messages include threats to publish malicious videos unless a specific amount is paid in Bitcoin, with Attaching a link to a Bitcoin wallet that may contain malware.
Donald Trump will speak at the upcoming Bitcoin conference in Nashville, Tennessee later this month A spokesperson confirmed to CoinDesk that former President Trump will speak for 30 minutes at 2 p.m
Trump has recently shown his support for the digital currency industry. Last month, in a post he said, “Bitcoin mining may be our last line of defense against central bank digital currencies.” Biden’s hatred of Bitcoin only helps China, Russia, and the radical communist left. During May, the Trump campaign announced that it would begin accepting donations in digital currencies. $BTC #BinanceTurns7 #bitcoin #Binance #TrumpCrypto #انتخابات