Crypto bulls see bitcoin flying to $100,000 with ETF approval

This potential rise would represent an extraordinary 141% increase from its current price, marking a new all-time high for the token. Do Kwon was the boss of Terraform, which operated two cryptocurrencies – TerraUSD and Luna – both of which collapsed in 2022, sparking a wider sell-off in the crypto market. They say that, on top of the approval of a bitcoin ETF, the bitcoin “halving” is a factor that will drive gains in 2024. Also in 2023, Binance CEO and founder Changpeng Zhao pleaded guilty to criminal charges and stepped down as the company’s CEO as part of a $4.3 billion settlement with the Department of Justice. Many crypto investors see this as a chance to move forward and draw a line under bad behavior in the industry. Bitcoin’s price rose more than doubled for the year, with the token’s price climbing some 152%.

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Bitcoin did massively outperform the Nasdaq in 2023, many other risk-assets, and gold in 2023. Past price performance over the past few years has shown bitcoin trades in correlation with stocks, in particular the tech-heavy Nasdaq, rather than gold. The precious metal is now worth around $1,592.76, up around 556% since 2004 when the SPDR Gold Shares ETF began trading. Crypto bulls expect a similar direction of travel for bitcoin — except it’ll be much quicker this time around. Bitcoin’s price hasn’t moved a great deal since the news of the SEC ETF approval came in, which saw the agency give 11 products the green light. The global appeal of Bitcoin ETFs has influenced South Korea’s exchange chairman to reconsider crypto investment strategies.

In summary staying updated with the news is vital, for anyone engaged in this domain. By keeping of developments individuals can make informed choices regarding their cryptocurrency investments. Cango purchased 50 EH/s worth of mining power towards the end of 2024, making it one of the biggest players in the bitcoin mining industry. However, Ronaldo’s aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth.

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By analyzing the price movements and potential gains, the analyst suggests that the future of the altcoin looks bright, with many indicators pointing towards substantial growth. DarkDefender, a prominent figure in the crypto analysis community, observed that XRP’s price trajectory has been impressive. The recent rally in XRP’s price can be attributed in part to a broader shift in market sentiment following the election of President Donald Trump on November 5. A South Korean man accused of being responsible for a cryptocurrency crisis which cost investors $40bn (£31.8bn) has finally been extradited to the United States. It’s worth noting Draper, who first invested in bitcoin in 2014, has been wrong about the token’s price trajectory.

CryptoSlate’s latest market report dives deep into Bitcoin ETF options, their role in the market, and their potential to reshape institutional crypto trading. A venture capitalist who was one of the first investors in Solana says building liquidity is now key to Hong Kong’s development as a crypto hub. The market is recovering from the end-of-year bleeding that dragged most cryptocurrencies, including Bitcoin (BTC), to monthly lows.

Investors expect acceptance of the token could begin to become more mainstream with more and more institutions like BlackRock, Fidelity, and others offering these products. As 2025 unfolds, XRP’s impressive start and the broader market dynamics suggest that we may be on the cusp of a significant shift in the cryptocurrency landscape. As the market enters 2025, XRP, the cryptocurrency that has garnered global investor interest in recent months, has begun the year exceptionally well. The halving, which happens every four years, is an event written in bitcoin’s code.

Kwon now faces nine charges, including commodities fraud and money laundering conspiracy, instead of the eight counts he was previously charged with. Delphi Digital predicts that stablecoin monthly active addresses will surpass 50 million as adoption becomes a necessity for fintechs. Stripe’s $1.1 billion acquisition of Bridge highlighted as the largest crypto funding round of 2024. FrxUSD stablecoin gains resilience and regulatory edge through BlackRock’s BUIDL fund partnership. Bitcoin originated during a banking crisis, sparking a digital currency evolution that now boasts institutional celebration.

Bitcoin’s hashrate increased by approximately 50% in 2024, and it is currently on course to rise for the eighth consecutive time. The Louisiana Republican is considered a strong AllMyfaqs.net supporter of the crypto industry.

The lawsuit, filed in federal court in Mobile, names the city and unidentified officers as defendants and seeks unspecified damages. The city attorney and a spokesperson for the police department did not immediately respond to an emailed request for comment. Coinatory is a news portal dedicated to providing the latest updates on cryptocurrency, blockchain, and mining. Our mission is to keep readers informed about the most significant and exciting developments in the crypto world, including updates on new coins as they emerge.

For the latest news, weather, sports, and streaming video, head to WKRG News 5. The report ultimately did not recommend that the Department of Justice investigate the police department, saying that local law enforcement was willing to implement its own reforms. In March, an ordinance that would have banned no-knock warrants failed to pass in the Mobile city council.

The record bullish skew in options on the company seen as a leveraged play on bitcoin has vanished as the BTC tailwind driven by the Treasury asset narrative loses momentum. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. The asset has experienced an impressive 11% surge, propelling its value to approximately $2.42, a level it had not seen since late 2024’s price correction. Bitcoin was among the assets affected, however it has significantly grown in value since then and briefly stood at more than $100,000 per coin in December. Bitcoin’s price was trading at $46,118 apiece Friday, down around 0.4%.