$BTC ChainCatcher news, according to Cointelegraph, some a | MD NAFI_3817 on Binance Square

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$BTC ChainCatcher news, according to Cointelegraph, some analysts believe that Bitcoin's price is closer to the milestone of $1,000,000 than it appears, as Bitcoin has experienced 7 tenfold increases in its history (starting from $0.01), and it only needs to undergo one more tenfold rise to reach $1,000,000 next time.
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$BTC The crypto market jumped Wednesday, following two days of digestion after bitcoin rallied to the $100,000 for the first time ever last week. The price of the flagship cryptocurrency was last higher by 4.8% at $101,052.72, according to Coin Metrics. Ether also rose 4% but has not reclaimed its key resistance at $4,000. The CoinDesk 20 index, an index measuring broader cryptocurrency performance, climbed more than 7%. Bitcoin gets a boost following U.S. November inflation data Crypto stocks Coinbase and MicroStrategy advanced 5% and 7%, respectively. All but MicroStrategy are still in the red for the week. Cryptocurrencies got an extra boost after the November consumer price index came in as expected, with a 0.3% rise from October and 2.7% increase from a year ago. Investors are betting that reading clears the way for the Federal Reserve to cut interest rates again at its December meeting next week. Investors expect to see continued chop for bitcoin around the $100,000 level but remain optimistic that its price could about double in the year ahead. Bernstein is forecasting a cycle high of $200,000 in 2025. Fundstrat's Tom Lee said bitcoin has "upside to $250,000" next year, in his 2025 outlook published Wednesday. Bitcoin's current record is $103,844.05. #Share1BNBDaily

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$BTC Bitcoin (BTC), the oldest and most valuable cryptocurrency, dipped down to the $96,000 mark early Tuesday, breaking its streak. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds as the overall Market Fear & Greed Index stood at 76 (Greed) out of 100, as per CoinMarketCap data. The UNUS SED LEO (LEO) token became the sole top gainer, with a 24-hour jump of over 2 percent. GALA was the biggest loser today, with a 24-hour dip of over 22 percent. The global crypto market cap stood at $3.40 trillion at the time of writing, registering a 24-hour dip of 6.64 percent. #Share1BNBDaily #Share1BNBDaily

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$BTC Not long after buying and publicly consuming a $6.2m banana as part of an artworld stunt, Chinese crypto entrepreneur Justin Sun made another eye-catching purchase, investing $30m ($23.5m) into a cryptocurrency firm called World Liberty Financial. The company had foundered since its October launch, investors seemingly leery of its prospects and its terms. But it boasted a potentially enticing feature: the chance to do business with a firm partnering with and promoted by none other than Donald Trump. Mr Sun's investment tipped the company over the threshold that allowed the president-elect to begin profiting from the venture. Trump and his family are now in the position to collect roughly $20m - and potentially far more. #Share1BNBDaily

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$BTC All examples listed in this article are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, cybersecurity, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Crypto.com to invest, buy, or sell any coins, tokens, or other crypto assets. Returns on the buying and selling of crypto assets may be subject to tax, including capital gains tax, in your jurisdiction. Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility. #Share1BNBDaily

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$BTC Bitcoin (BTC) continues its historic climb, trading at $103,232 and boasting a market capitalization of $2.039 trillion, a milestone that cements its place as the seventh most valuable asset globally. This surge places its market cap at approximately 11.34% of gold’s $17.972 trillion valuation, highlighting its growing influence in the financial ecosystem. Bitcoin Soars to $103.6K: A New Era in Digital Finance On Dec. 4, 2024, bitcoin (BTC) crossed the $100,000 mark for the first time, an event that has reignited discussions about its long-term potential. With a market cap just below Google’s $2.143 trillion, BTC’s upward trajectory reflects increasing investor confidence and adoption, despite ongoing debates about its role in the global economy. Comparing BTC’s market cap to traditional assets highlights its remarkable growth. Gold, often referred to as a safe-haven asset, maintains a dominant position. However, BTC’s ability to secure 11.34% of gold’s market valuation represents a significant shift in how digital assets are perceived. Analysts note this achievement as a signal of the maturing cryptocurrency market. As the seventh-largest global asset, bitcoin now ranks ahead of stalwarts like Meta and Tesla. The milestone further strengthens its narrative as “digital gold” and a hedge against traditional market volatility. Proponents argue that bitcoin’s capped supply of 21 million BTC and decentralized framework makes it a unique financial instrument, unlike fiat currencies or traditional commodities. #Share1BNBDaily #Share1BNBDaily

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