#ChristmasMarketAnalysis Bitcoin (BTC), coined as “Magic Internet Money” is perhaps a legitimate investment asset alongside traditional assets such as stocks, commodities, and bonds. From its returns over 10 years, BTC truly shined with its 26,931.1% returns. Imagine a $100 investment in 2014 is now worth $26,931.1 today. While these figures are great, it's important to look at its performance relative to other assets in both the short & long term
Bitcoin (BTC), coined as “Magic Internet Money” is perhaps a legitimate investment asset alongside traditional assets such as stocks, commodities, and bonds. From its returns over 10 years, BTC truly shined with its 26,931.1% returns. Imagine a $100 investment in 2014 is now worth $26,931.1 today. While these figures are great, it's important to look at its performance relative to other assets in both the short & long term
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BTC Bitcoin $97,504 0.54 Last 24h Buy BTC Exchange BTC Bitcoin (BTC) Price Prediction 2024-2040 Steve Taylor December 22, 2024 15 m 🔮 What’s next? See the future BTC Price Change 7d 3.14% Exchange or Buy Bitcoin Overview Our real-time BTC to USD price update shows the current Bitcoin price as $97,504 USD. Our most recent Bitcoin price forecast indicates that its value will increase by 8.13% and reach 105433.62 by December 23, 2024. Our technical indicators signal about the Bearish Bullish 48% market sentiment on Bitcoin, while the Fear & Greed Index is displaying a score of 73 (Greed). Over the last 30 days, Bitcoin has had 16/30 (53%) green days and 3.14% price volatility
When transacting coins, you would typically be doing it on your personal computer. Since your personal computer is connected to the internet, it has the potential to be infected by malware or spywares which could compromise your funds.
Hardware wallets such as Trezor and Ledger are strongly encouraged in mitigating that risk. These are external devices that look like USB sticks. A hardware wallet secures your private key that holds your Bitcoin into an external device outside of your personal computer. When you intend to transact, you would connect the hardware wallet into your personal computer, and all the key signing in order to transact would be done in the hardware itself outside of your computer.
However, if you physically lose your hardware wallet without a key phrase backup, there is no other way of recovering your funds ever. As such when setting up your hardware wallet, always remember to keep a copy of the key phrase and put it somewhere safe from fire or flood.
Bitcoin Halving
Bitcoin Halving or sometimes also known as the Halvening, refers to the reduction of block reward to miners by half. This is part of its built-in monetary policy, in which after every approximately 4 years, the mining reward will be halved towards the limited capped supply of 21 million Bitcoin. Once 21 million of Bitcoin have been minted, there will no longer be new supply of it rewarded to miners, and miners are expected to earn revenue by way of transaction fees. In order to follow the real time of when the halving will take place, you can bookmark the CoinGecko's bitcoin halving page.
This is seen as a significant event for couple of reasons. Firstly, traders may speculate on the possible scarcity of Bitcoin making way to high volatility. Secondly, as miners' rewards will be reduced, we may see some miners exiting the market as they could not sustain the lower profitability. This in turn may cause the hashing rate to reduce and mining pools may consolidate. Due to this, the bitcoin network may be a little
#BTCNextMove How to keep your Bitcoin safe? When transacting coins, you would typically be doing it on your personal computer. Since your personal computer is connected to the internet, it has the potential to be infected by malware or spywares which could compromise your funds.
Hardware wallets such as Trezor and Ledger are strongly encouraged in mitigating that risk. These are external devices that look like USB sticks. A hardware wallet secures your private key that holds your Bitcoin into an external device outside of your personal computer. When you intend to transact, you would connect the hardware wallet into your personal computer, and all the key signing in order to transact would be done in the hardware itself outside of your computer.
However, if you physically lose your hardware wallet without a key phrase backup, there is no other way of recovering your funds ever. As such when setting up your hardware wallet, always remember to keep a copy of the key phrase and put it somewhere safe from fire or flood.
Bitcoin Halving Bitcoin Halving or sometimes also known as the Halvening, refers to the reduction of block reward to miners by half. This is part of its built-in monetary policy, in which after every approximately 4 years, the mining reward will be halved towards the limited capped supply of 21 million Bitcoin. Once 21 million of Bitcoin have been minted, there will no longer be new supply of it rewarded to miners, and miners are expected to earn revenue by way of transaction fees. In order to follow the real time of when the halving will take place, you can bookmark the CoinGecko's bitcoin halving page.
This is seen as a significant event for couple of reasons. Firstly, traders may speculate on the possible scarcity of Bitcoin making way to high volatility. Secondly, as miners' rewards will be reduced, we may see some miners exiting the market as they could not sustain the lower profitability. This in turn may cause the hashing rate to reduce and mining pools may consolidate. Due to this, the bitcoin network may be a little unstable
$BNB BNB (BNB), previously also known as Binance Coin (BNB), is a cryptocurrency coin created and issued by the cryptocurrency exchange Binance. Initially created on the Ethereum blockchain as an ERC-20 token in July 2017, BNB was migrated over to BNB Smart Chain in February 2019 and became the native coin of the Binance Chain.
BNB can be used to pay for fees when trading on Binance, and usually at a discounted rate. Due to the primary utility, BNB has seen massive growth in interest throughout the years . Several rounds of token burn events have appreciated BNB price and pushed it up as one of the top-10 cryptocurrencies by market capitalization.
BNB (BNB), previously also known as Binance Coin (BNB), is a cryptocurrency coin created and issued by the cryptocurrency exchange Binance. Initially created on the Ethereum blockchain as an ERC-20 token in July 2017, BNB was migrated over to BNB Smart Chain in February 2019 and became the native coin of the Binance Chain.
BNB can be used to pay for fees when trading on Binance, and usually at a discounted rate. Due to the primary utility, BNB has seen massive growth in interest throughout the years . Several rounds of token burn events have appreciated BNB price and pushed it up as one of the top-10 cryptocurrencies by market capitalization.
#MarketCorrectionBuyOrHODL US Federal Reserve reduced interest rates by 0.25% today (Wednesday), aiming to sustain economic momentum while managing persistent inflationary pressures.
Simultaneously, Bitcoin, the top cryptocurrency, is positioning itself as a transformative force in the global economy. The rate cut is reportedly the third this year, reflecting a balance between economic growth and inflation.
The Fed's decision wasn't unanimous, with Cleveland Fed President Beth Hammack reportedly voting to keep rates steady, CNN Business reported. The division reflected concerns over inflation, which remains above the 2% target and is now projected to persist until 2027. Despite this, the US economy has shown resilience, fueled by strong consumer spending and steady business investments. Policymakers reportedly foresee stable growth and low unemployment next year.
As traditional markets grapple with inflation, Bitcoin continues to strengthen its position in the financial world. Analysts are now projecting that the crypto could surge to more than $200,000 by 2025, driven by favorable regulatory shifts and increased corporate adoption.
Bitcoin is currently on a slight correction trading at $101,269 at the time of writing. This represents a 5% drop in price in the past day. However, the market cap is more than $2 trillion, representing 56% of the total crypto market cap, data from
$BTC The U.S. Treasury Department finalized a rule on Friday requiring cryptocurrency brokers, including exchanges and payment processors, to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service. The U.S. Treasury Department finalized a rule on Friday requiring cryptocurrency brokers, including exchanges and payment processors, to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service.
The new requirements aim to crack down on crypto users who may be failing to pay their taxes, and stem from the $1 trillion bipartisan 2021 Infrastructure Investment and Jobs Act. At the time the bill was passed, it was estimated that the new rules could bring in close to $28 billion over a decade.