US Treasury Defines Bitcoin as Digital Gold Amidst Soaring Market Cap
US Treasury categorizes Bitcoin as “digital gold,” highlighting its role as a store of value in DeFi.Bitcoin’s market cap shows remarkable growth, rising from $6.4 million in 2015 to $2.3 trillion in 2024.Federal Reserve Chair Jerome Powell compares Bitcoin to gold, emphasizing its speculative nature over traditional currency functions. In its Q4 2024 report, the US Treasury noted the significant expansion of Bitcoin and other digital assets. The report identifies Bitcoin’s primary function as a
The memecoin FLOKI has gained an impressive 652% in value since the beginning of the year. Experts predict that this upward trend could continue, suggesting the coin may rise over 700% from its current levels. Prominent figures such as Master Kenobi and Bonk Guy have provided noteworthy targets for FLOKI’s future performance. Master Kenobi Predicts $0.0023 Target Crypto analyst Master Kenobi stated that FLOKI could reach $0.0023 by March 2024. In a chart shared on the X platform, Kenobi foresaw
White House Crypto Czar David Sacks invested in Bitcoin over a decade ago
David Sacks, a member of the PayPal Mafia and one of Silicon Valley’s most notable investors, bought Bitcoin in 2013 when it was trading for $130. That’s over a decade before his appointment by Donald Trump as the White House AI and Crypto Czar. With Bitcoin’s price now up over 76,000% since then, David’s foresight is impossible to ignore. Known for early stakes in companies like Meta, Airbnb, and SpaceX, David was already taking names in the tech world when he turned his attention to Bitcoin. B
The memecoin FLOKI has witnessed a staggering 652% increase in value since the start of the year, prompting speculation about its potential for further growth. Industry experts suggest that this upward trajectory could lead to an additional 700% rise from its current valuation, with notable figures like Master Kenobi and Bonk Guy offering ambitious forecasts for the coin’s future. What Price Target Does Master Kenobi Envision? Master Kenobi anticipates that FLOKI could reach $0.0023 by March 202
Billionaire Mike Novogratz Speaks for the First Time After $100,000 in Bitcoin, Issues Warning
As Bitcoin reaches the $100,000 mark, Galaxy Digital CEO Mike Novogratz weighed in on the milestone and warned investors about the risks of high leverage in the cryptocurrency market. “What a week it has been. $100,000 is a big moment for this space and a testament to its growth,” Novogratz said, adding that Bitcoin’s rise in the global financial landscape is significant. He likened Bitcoin’s evolution to the new generation’s digital gold: “It has evolved from a payment idea to a store of value,
Whales Inject Bullish Sentiment in the Memecoin Sector to Attract Retailers
Memecoin whales’ activity suggests a deliberate move to trigger FOMO.The whales are influencing mini breakouts across multiple memecoins.DOGE, PEPE, WIF, and BONK all experienced mini breakouts this weekend. Data from Santiment, a market analysis platform, has revealed a developing trend among memecoins in the cryptocurrency market. In a recent post on X, the platform showed how larger wallets in the memecoin sector are working to trigger a notable dynamic across some memecoins to prepare the ma
Michael Saylor Says The United States Should Buy Bitcoin And Sell Gold
MicroStrategy’s executive chairman, Michael Saylor, has proposed a strategy for U.S. economic dominance: sell America’s gold reserves and invest in Bitcoin. In a recent Yahoo Finance interview, Saylor suggested the U.S. government could acquire approximately 5 million Bitcoin by liquidating its gold holdings, potentially controlling the world’s “reserve capital network.” The proposal comes as Bitcoin solidifies its position as the seventh-largest asset globally by market capitalization. With Say
Ethereum (ETH), the second-largest cryptocurrency, has reached $4,000.
On Dec. 5, Bitcoin (BTC), the largest cryptocurrency by market cap, surpassed the $100,000 level for the first time in history.
Ethereum's market cap has reached $481 billion, reflecting growth of 1.86% over the past 24 hours. The trading volume is $54 billion.
As reported by U.Today, Ethereum has recovered above the critical resistance level of $3,500, where it mounts one of its strongest sell walls. Additionally, ETH sh
22,018,660 XRP Stun World's Largest Crypto Exchange
Despite market volatility hitting XRP, bullish sentiment continues to dominate the asset. According to Whale Alert, a crypto data tracker on X, a large transaction of 22,018,660 XRP, equivalent to approximately $50,355,056, was initiated on-chain.
Whale activity and its bullish implications The whale moved the asset from Binance, a leading cryptocurrency exchange, to a private wallet address. This is significant as it shows the whale might have the intention to secure the XRP for long-term stor
"Most Powerful" XRP Chart Shared by Legendary Trader Brandt
Commodity trader Peter Brandthas shared "the most important" chart in the cryptocurrency world, which shows the market cap of XRP break out above a major triangular consolidation pattern. This the most powerful chart in all of crypto world $XRPUSD pic.twitter.com/UexaPB4D9r— Peter Brandt (@PeterLBrandt) December 7, 2024 Brandt appears to imply that the Ripple-affiliated token might continue its stunning rally now that its market cap is surging above the resistance level at $146 billion. Over the
Cardano Soars: Open Interest Surpasses The 915 Million Mark
Everything seems to be going well for Cardano. Its ecosystem is developing rapidly, and its native cryptocurrency, ADA, shows remarkable performance. However, despite recent gains, it remains far from the peaks reached in September 2021 at $3.09. These changes are accompanied by another key indicator: Open Interest (OI), which propels ADA into the spotlight. Rising Open Interest: Cardano at the Heart of Trading Amid a resurgence of interest, Cardano, always ready to surprise, sees its Open Inter
JASMY, QNT, MEW: Top cryptocurrencies to watch this week
The crypto market just wrapped a highly bullish phase, with the global crypto market cap surging by $220 billion to reach a record-high valuation of $3.8 billion as of Sunday. This upward trend was largely driven by Bitcoin (BTC), which surpassed the $100,000 milestone. However, several altcoins also capitalized on the momentum, achieving massive gains. Following their noteworthy performances last week, here are our top cryptocurrency picks to keep an eye on this week: JASMY claims 2-year peak J
Top Crypto Podcasts and Best Bitcoin Podcasts to Stay Updated
As the cryptocurrency landscape continues to evolve, being in-the-know has never been more critical for investors, traders, and enthusiasts alike. From Bitcoin’s rise to the complexities of decentralized finance (DeFi) and the emergence of NFTs, staying updated through reliable sources is crucial. Enter crypto podcasts – a powerful way to gain insights while multitasking, whether you’re commuting, exercising, or simply relaxing at home. In this article, we’ll explore the top crypto podcasts that
Best Cryptos to Buy Today: Top Performing Altcoins of 2024
Bitcoin: The Benchmark for Cryptocurrency Investments Bitcoin continues to be the cornerstone of the crypto market. As the first cryptocurrency, it has established itself as a reliable store of value and a hedge against inflation. Bitcoin’s capped supply of 21 million coins ensures scarcity, while its widespread adoption by institutions and retail investors underpins its stability. Today, Bitcoin is not just a speculative asset but a fundamental component of any crypto portfolio. Its proven resi
MicroStrategy's Saylor Urges US to Ditch Gold and Buy Bitcoin
Michael Saylor, the executive chairman of business intelligence firm MicroStrategy, has urged the U.S. government to ditch gold in favor of Bitcoin. "Dump your gold. Sell all the US gold and buy Bitcoin. You will demonetize the entire gold asset class. And our enemies hold gold in their banks, so their assets would go to zero. Our assets would go to $100 trillion," Saylor recently told Yahoo Finance. Saylor previously described gold as an "antiquated" store of value that peaked in the 19th centu
With the token forming its first notable bearish signal since the recent surge, XRP's explosive rally may be coming to an end. The provided chart indicates a lower high, which could indicate that the current uptrend is losing momentum. Indicators of a possible price reversal, such as this development, could result in additional retracement in the days ahead. Because it frequently signals the start of a downtrend, the lower high signal is especially worrisome for those who are bullish on XRP. The
Altcoin Season: Rally or Reckoning? Analysts Debate Market Outlook
The altcoin market has surged since Donald Trump’s presidential victory, but concerns are mounting over its sustainability. Felix Hartmann, managing partner at Hartmann Capital, cautioned in a December 7 X post that institutional investors may soon take profits, sparking a sharp market correction. Hartmann pointed to sky-high funding rates, some exceeding 100% annualized, and declining spot trading volumes as warning signs. He suggested that recent altcoin moves have been largely fueled by lever
Expert Analyst Says Peanut (PNUT) Price Is Ready to Explode as It Consolidates Near Key Levels
Alejandro₿TC, a top analyst shared on X (formerly Twitter) a bullish projection for PNUT’s price as the cryptocurrency gaining traction in the market. He highlighted the potential for PNUT to surge by 2x to 3x in the coming weeks. A corresponding chart analysis reveals a consolidation pattern near pivotal price levels, suggesting a possible breakout scenario.
Peanut Chart Analysis The PNUT/USDT trading pair has shown a pattern of consolidation following a sharp rally. On the 4-hour chart, PNUT’
Charles Hoskinson Says The World Will Run On Cardano. Here’s why
At the recently concluded Cardano Constitutional Convention in Nairobi, Kenya, Charles Hoskinson, CEO of Input Output Global (IOG) and founder of Cardano, outlined an ambitious vision for the blockchain’s potential to revolutionize global governance and infrastructure. The conference marked a significant moment for the blockchain ecosystem, highlighting Cardano’s progressive approach to decentralized systems and collaborative technological development. Hoskinson emphasized that progress should b
ADA, TRX, SUI—Breaking Records One by One. Which Crypto Will Be the Next to Soar?
Cryptocurrencies like Cardano, Tron, and Sui have been hitting new highs, capturing the attention of investors worldwide. As these digital assets surge, the question on everyone's mind is: which coin will experience the next significant rise? This article explores the trends and signals that could point to the next big mover in the crypto market.
ADA: Cardano's Scalable and Sustainable Blockchain Cryptocurrency Cardano is a blockchain platform designed for smart contracts. It allows developers