Over the past week, Bitcoin (BTC) has experienced significant developments 🚀💸
Price Surge: Bitcoin's price surpassed the $100,000 mark, reaching an intraday high of $102,084. Institutional Interest: Pension funds, including the State of Wisconsin Investment Board and Michigan, have begun investing in Bitcoin through regulated exchange-traded funds, reflecting growing institutional adoption. Regulatory Environment: The cryptocurrency community anticipates a more favorable regulatory landscape under the incoming U.S. administration, with expectations of clearer guidelines
JUST IN: 🇺🇸 Donald Trump's new SEC to begin overhauling the agency's crypto policies "as early as next week" 👀 : Bitcoin $BTC #BTC #bitcoin #CryptoNewss
🔍 CryptoQuant reports a drop in the SOPR indicator for short-term $BTC holders to 0.99. This suggests that these investors are selling at a loss, potentially reducing the supply of Bitcoin on the spot market and stabilizing price movements. 👀
The idea of Bitcoin reaching $200,000 is a topic of much debate among cryptocurrency enthusiasts and analysts. While no one can predict the future price of Bitcoin with certainty, there are factors that both support and challenge the possibility of such a milestone. --- Reasons Bitcoin Could Reach $200K 1. Institutional Adoption: Major companies, financial institutions, and even governments are increasingly adopting Bitcoin. As demand grows, its limited supply (capped at 21 million coins) could
Bitcoin’s surge drove weekly trade volumes across 40+ centralized exchanges to $213 billion post-U.S. elections, the highest since May 2021.
Activity on U.S. exchanges also surged, with institutional interest boosting the U.S. share of Bitcoin trading from 16% in Q3 to 18% in Q4, matching Q1 levels.
📊👀 Report CoinShares on financial flows in crypto over the last week: Last week inflow investment products in digital assets amounted to ~$585 million. #BTC - inflow of $573 million. #ETH - outflow of $18.1 million.
JOE CONSORTI: (https://x.com/joeconsorti/status/1869485519295648197?s=46&t=7ReTj1A2bqazOEzGlCKqHg) 🟠 "Bitcoin is still tracking global M2 with a ~70-day lag. Two scenarios: dislocate from global M2 thanks to BTC-native buy side, or continue following it into a deep mid-cycle correction.
🕵🐸 The wallet turned $3k into $73 million on #PEPE, profit x24,656!
Before the market corrected and PEPE set a new ATH, this trader sold another 100 billion PEPE ($2.8 million). He spent ~$3k to buy 4.91T PEPE on April 15, 2023. Over time, it sold PEPE steadily, selling 3.03 trillion PEPE for $27.5 million.
He still holds 1.88 trillion PEPE ($45.66 million), bringing his total profits to $73 million! (1, 2).
Bitcoin is experiencing an eventful December as it hovers near its all-time high of $103,679, reached earlier this month. Here are some of the key updates shaping the cryptocurrency's outlook:
Institutional Interest and Record Investments
Institutional demand is driving Bitcoin's momentum. Three U.S.-based companies—MicroStrategy, Marathon Digital, and Riot Platforms—invested a combined $3.26 billion in Bitcoin during the first 10 days of December. MicroStrategy alone acquired 21,550 BTC, reaf