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.

#بيتكوين #Bitcoin #newyear #trading #اقتصاد
$BTC $TRX $XRP

Country Celebrates Bitcoin Gains

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

Will Bitcoin Reach $100,000 ❗

1. Current Status of Bitcoin:

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
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Bitcoin is soaring and touching $90,000 for the first time, up 12%, with expectations of a continued rise to surpass $100,000 soon $BTC $XRP #MarketUpdate #bitcoin #سوق_العملات_الرقمية #بيتكوين

Bitcoin hits record high of $80,000

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

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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

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Company files for approval of Ripple ETF!!

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

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.

$BTC

#Binance #Binance #bitcoin #xrp #solana That is, the reason for the fall of the largest currency in the past 24 hours

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.

$BTC $XRP

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 currency market is waiting for an event...

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

Gold and silver rise today 🔼

Gold rises strongly after the release of preliminary employment data (ADP), which revealed a decline in the addition of jobs in the American labor market, indicating to the Federal Reserve the impact of monetary tightening.

The price of spot gold contracts rose to $2,354.9 per ounce, an increase of 1.07%, while futures contracts rose to $2,363.85 per ounce, an increase of 1.3%.

Silver prices rose to $30.823 per ounce, an increase of 3.96%.
Global gold prices rose during these moments of trading, today, Wednesday, as investors awaited the minutes of the US Federal Reserve’s latest policy meeting to obtain indications of when the central bank will begin reducing interest rates.

Is this compatible with it or not? ❕$BTC $BNB

A bank in Brazil allows trading in digital currencies

Itau Unibanco (the largest bank in Brazil) announced that it will provide digital currency trading services to all its users through the bank’s internal investment platform Ion, which will allow customers to purchase Bitcoin (BTC) and Ethereum (ETH),

The bank indicated that banks are currently studying the advantages of offering digital currency opportunities and traditional financing services, and although this feature was launched in December, it was only available to specific consumers and was slowly expanded to include more users.
Itaú's head of digital assets said that acceptance of digital transactions was high, as customers trusted the bank's cryptocurrency custody solutions.
It is noteworthy that news reports that the Brazilian Congress is currently discussing a tax reform bill in order to simplify and modernize the country’s tax law, as the project proposes to unify many federal taxes into a single value-added tax, and reduce the corporate income tax rate #Brazil #Binance #bitcoin #cryptocurrency #central_bank $BTC 399574 15887$BNB