My roommate has been talking to a girl in the Philippines that he met on Tinder (he does this sort of thing). She's asked him for money a couple times, and I've had to talk him down from that. Then last night she sent him a screenshot of an Etherium wallet with a $100k balance,…
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According to Reuters, President-elect Donald Trump’s incoming crypto advisory council is reportedly considering establishing a strategic bitcoin reserve. This idea sparked a response from economist and gold bug Peter Schiff, who shared his perspective on the concept of a BTC reserve. Trump’s Transition Reportedly Eyes Bitcoin Reserve, Schiff Fires Back at Fiscal Misstep On Thursday, […]
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I made my portfolio around Eth and it’s layer2. Was I wrong in not getting any bitcoin and should I jump in now? I thought Eth had a better entry point for me. submitted by /u/Individual-Award8932 [link] [comments]
Bitcoin continues its price explosion this Thursday, hitting a new all-time high and breaking the $97,000 barrier during intra-day trading. The crypto asset’s price then spiked 5.7%, reaching $97,811 on Bitstamp, boosting its market cap to $1.93 trillion. Related Reading: XRP On Fire: Over 90% Weekly Growth Catapults Altcoin To Fresh 2-Year High The recent surge in Bitcoin’s value is not just a market trend, but a reflection of the growing optimism surrounding incoming US President Donald Trump’s potential crypto-friendly policies and his pick for the Securities and Exchange Commission (SEC) chief. This optimism has led to a 3% increase in the cumulative cryptocurrency market cap, now standing at $3.37 trillion. The 24-hour trading volume on Thursday saw a 5% increase, reaching $ 190 billion. Bullish Trend Thanks To Trump’s Win The obvious sign of the optimistic trend in the bitcoin market: its price has more than doubled this year. The whole industry has joined the upward surge, contributing an amazing $900 billion to the total crypto market capitalization. Given that Bitcoin is barely $3,000 short of the $100,000 milestone, the sector is bursting with hope about what the next few weeks can bring for the digital asset. According to Edu Patel, CEO of Mudrex, Bitcoin’s price last year was $30,000. Today, the asset’s price surged to more than $97,000, reflecting a growth of over 300%. Patel said several factors are pushing Bitcoin’s price, including Trump’s election and optimism over his pick as chairman of the SEC, and his friendly crypto policies. In addition, he also acknowledged the growing institutional participation in Bitcoin options and ETFs. Is Trump Planning A Special Position To Oversee Crypto? The recent price surge of Bitcoin underscores the growing importance of the asset and cryptocurrency to the economy. The Trump administration has also signaled the possibility of creating a specific office to oversee the administration’s cryptocurrency policies. According to some sources, the president’s team is currently considering this office, and many crypto execs are jockeying for an audience with the president. 1/ MicroStrategy just convinced investors to pay $520,234 per Bitcoin That’s the biggest Bitcoin play I’ve ever seen: pic.twitter.com/yeZfGlcm6j — ELI5 of TLDR (@explain_briefly) November 20, 2024 Institutional Adoption, MicroStrategy’s Bitcoin-First Policy Boost Price Some experts also attribute Bitcoin’s recent run to MicroStrategy’s bold “Bitcoin-first” policy. Michael Saylor of MicroStrategy has doubled down on this approach and purchased additional BTC to boost its portfolio. Other companies have followed suit and are planning to add the asset to their inventories. Related Reading: Solana Market Cap Hits Milestone: $400 Price Target Gains Traction The growing popularity of Bitcoin ETFs also helps, and the market currently benefits from the introduction of options trading. According to multiple sources, more than $4 billion has flowed into Bitcoin ETFs since the November elections. Also, this week, Reuters reports that BlackRock is off to an exciting start with its BTC ETFs with call options. Featured image from Pixabay, chart from TradingView
On the heels of Coinbase revealing that Coinbase Wallet users holding USDC can now earn a 4.7% annual percentage yield (APY), Arthur Hayes hopped on social media to highlight the appeal of USDE’s much higher 29% APY. Hayes Mocks Coinbase’s Conservative Stablecoin Reward Approach This week, Coinbase, the San Francisco-based exchange, revealed a new perk […]
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After two years of bankruptcy hearings, FTX creditor reimbursements are set to begin, but the FTX estate remains embroiled in litigation.
The Labour government is reportedly readying crypto, stablecoin and crypto asset regulations as Europe pulls ahead and the US changes its crypto policies.
