Brazil first lady uses expletive against Elon Musk at G20 event
Brazil's First Lady, Janja Lula da Silva, reportedly swore at billionaire Elon Musk during an event in Rio de Janeiro ahead of the G20 summit. While discussing the need for stricter social media regulations on a panel about disinformation, she was startled by a loud noise and joked, "I think it's Elon Musk." She then declared, "I'm not afraid of you," before swearing at him. Musk, who owns Tesla and the social media platform X, reposted the video of the incident with the caption "lol" and added, "They are going to lose the next election," seemingly referring to President Lula's Workers' Party.

Earlier this year, Brazil's Supreme Court briefly banned X after it failed to appoint a legal representative in the country and allegedly allowed disinformation to spread. The ban was lifted after Musk's platform paid a $5.1 million fine. Musk also has ties to Brazil's former far-right president, Jair Bolsonaro, who was found guilty of discrediting the electoral system. Bolsonaro, who has declared his intent to run for president again in 2026, reposted Musk’s video and response, calling it another diplomatic issue for Brazil. The G20 summit, where world leaders will meet, begins on Monday.

Elon Musk, a close adviser to President-elect Donald Trump, met with Iran's U.N. ambassador, Amir Saeid Iravani, in New York on Monday. The meeting, described by two anonymous Iranian officials as a positive and constructive discussion, focused on easing tensions between the U.S. and Iran. The session, which lasted over an hour, took place at a secret location. When asked about the meeting, Trump's communications director, Steven Cheung, declined to comment on private discussions, and Musk did not respond to requests for comment. Karoline Leavitt, a spokeswoman for the incoming Trump administration, emphasized that the American people had re-elected Trump for his leadership and commitment to restoring global peace through strength.Elon Musk has become the most influential private figure in the Trump transition, attending nearly every job interview. During a call last week with Ukraine's President Volodymyr Zelensky, President-elect Trump passed the phone to Musk. The billionaire has also been instrumental in supporting Ukraine's communications infrastructure amid the ongoing war with Russia.

Bitcoin Native Meme Coin DOG Jumps to 5 Month High Amid Dogecoin Hype, Exchange Listing Hope
Bitcoin-based meme coin DOG•GO•TO•THE•MOON (DOG) has surged to its highest levels since June amid speculation of a potential futures listing on Binance. The coin, along with other tokens like Pups•World•Peace (PUPS) and Billionaire•Dollar•Cat (BDC), is reportedly under review for futures trading, according to updates from Bitcoin Ordinals explorer Ord.io. Screenshots circulating on X suggest the token’s nomination, though Binance has yet to confirm.

The surge follows a Kraken futures listing for DOG on November 15, sparking a dramatic price jump and fueling hopes for further listings. DOG soared 88% over the past week, reaching $0.007, while PUPS and BDC saw price changes of +31% and -1%, respectively. The rise of dog-themed meme coins, including those on Solana and Ethereum, has contributed to this surge, with many coins trading at multi-month highs.

The increased interest also aligns with broader market speculation tied to potential favorable policies under President-elect Donald Trump’s administration, which has driven enthusiasm for digital assets.

Launched in May 2024, DOG was initially airdropped to holders of the Runestone Ordinals project, quickly becoming the most widely held Runes token. While BRC-20 tokens now dominate Bitcoin’s fungible token market, DOG’s market capitalization has reached $791 million, making it the top token on the Runes trending leaderboard.

DOG was created in the space opened by the Ordinals protocol, designed by Casey Rodarmor, who envisioned it as a way for people to create meme coins and other tokenized assets. DOG's pseudonymous creator, Leonidas, highlighted its unique position at the intersection of meme coins and Bitcoin, drawing comparisons to the dog coins on Solana and Ethereum, which have become significant in relation to their native blockchains.

BTC hits new highs, but these 4 altcoins promise bigger ROI by 2025
Bitcoin is hitting new record highs, attracting widespread attention from investors. However, several altcoins are emerging as strong contenders for even higher returns by 2025. These cryptocurrencies have the potential to outperform Bitcoin in the coming years.

One such opportunity is CYBRO, a next-generation multichain DeFi platform that has raised over $4 million in its token presale. Priced at just $0.04 per token, CYBRO offers a unique chance for investors, with experts predicting potential returns of up to 1200%. The project has garnered attention from major crypto whales and influencers, highlighting its strong technological foundation and growth prospects. Token holders benefit from staking rewards, airdrops, cashback incentives, reduced fees, and an insurance program to protect investments. With only 21% of its total token supply available during the presale, CYBRO is positioned for significant growth.

Another promising altcoin is Avalanche (AVAX), a Layer-1 blockchain known for its fast transaction speeds and low fees. Avalanche can handle up to 4,500 transactions per second and allows users to create customizable Subnets. Its hybrid consensus mechanism, combining classical and Nakamoto consensus principles, ensures rapid transaction finality, making it a top contender in the blockchain space.

2. Cardano (ADA): Steady Growth Towards $1
Cardano has experienced a notable surge in November, with a strong 74.26% weekly increase. ADA has been testing the $0.60 resistance level, and its recent breakout has pushed it towards $0.7677, a price not seen in the past eight months. While trading volume has slightly decreased, the overall bullish sentiment for ADA remains strong. With its all-time high of $3.10, Cardano is considered a top altcoin to watch in this ongoing bull market.

3. Minotaurus (MTAUR): A Rising Force in Blockchain Gaming
Minotaurus (MTAUR) is making waves in the blockchain gaming sector, surpassing 100,000 USDT in presale funding. Currently priced at 0.00005982 USDT—70% below its expected listing price—MTAUR has already delivered solid gains for early investors. The token fuels key in-game features like avatar customization and power-ups, and its sustainable tokenomics structure adds to its appeal. Positioned within the booming $15 billion casual gaming market, MTAUR’s simplicity and strategic gameplay are garnering attention.

4. Sui (SUI): Breaking New Records
Sui saw a massive 69.03% surge this week, reaching an all-time high of $3.91. This breakout pushed the token into price
discovery mode, with buyers now targeting $4.10 and $5.20. With strong support around $3, SUI looks set for further growth. As one of the few altcoins to achieve a new all-time high this cycle, Sui has solidified its position as a leading performer in the market.

$BTC

This week marked a historic milestone for cryptocurrency, with Bitcoin hitting a new all-time high of $93,434.36 on November 13, driving the global crypto market's value to $3.11 trillion—surpassing the GDP of countries like Italy, Canada, and Brazil. This surge sparked widespread excitement across other digital assets, especially U.S. Bitcoin ETFs, which saw record trading volumes of $5 billion, with BlackRock's ETF contributing $3 billion of that total. Amid this bullish momentum, several altcoins demonstrated remarkable gains, drawing significant attention as potential market movers. This article highlights Ripple (XRP), Cardano (ADA), Dogecoin (DOGE), Shiba Inu (SHIB), Sui (SUI), and the new entrant Minotaurus (MTAUR) as top contenders to consider during this bullish phase.

Altcoins on the Rise in the Bull Market

1. Dogecoin (DOGE): Meme Coin's Meteoric Ascent
Dogecoin made a major comeback, surging 90% this week and reaching a price of $0.44 before experiencing a slight correction to $0.3747. Resistance is currently at $0.4, but if buying momentum continues, DOGE could aim for $0.5, and even challenge its all-time high of $0.74. This rally highlights the persistent popularity of meme coins, with investors increasingly turning to this category during the ongoing bull run.

Gold prices continue to drop amid a strong dollar and US inflation concerns; check rates in your city
The price of 24-carat gold per 10 grams, which stood at Rs 80,710 on November 1, has dropped to Rs 74,031 at the most recent closing. This sharp decline reflects ongoing global economic pressures affecting commodity markets. The rise in US inflation has fueled speculation about a possible shift in the Federal Reserve's monetary policy. Although the Fed had been cutting rates as inflation neared its 2% target, the higher-than-expected Consumer Price Index (CPI) reading has raised concerns that these cuts might be paused. Meanwhile, the dollar index, which measures the US dollar against six major currencies, was at 106.68. Markets now see a 62% chance of a 25-basis-point rate cut in December, down from 83% the previous day, according to the CME FedWatch Tool. "Gold continues to weaken, with its price falling below $2,550 and near Rs 73,500 on MCX, as the dollar rose above 106.50 and neared 107. The higher-than-expected US CPI of 2.6%, compared to the anticipated 2.4%, boosted the dollar. This, coupled with the possibility of a pause in further Fed rate cuts, exerted additional pressure on gold prices," explained Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities.
#elonmusk. #ElonMuskUpdates

Binance Launches the 'Forever Worldwide: The Road to Saudi Arabia' NFT Collection with Cristiano Ronaldo
Binance is excited to unveil Forever Worldwide: The Road to Saudi Arabia, the fourth NFT collection in its partnership with football legend Cristiano Ronaldo. This exclusive collection will be available only on the Binance NFT Marketplace.

Campaign Duration:
From May 29, 2024, 08:00 (UTC) to July 15, 2024, 23:59 (UTC)

Sale Duration:
From May 29, 2024, 08:00 (UTC) to June 18, 2024, 23:59:59 (UTC)

About Forever Worldwide: The Road to Saudi Arabia

The collection includes seven unique NFTs, each representing a key location in Cristiano Ronaldo's illustrious career: Madeira, Lisbon, Manchester, Madrid, Turin, Saudi Arabia, and Portugal. Collectors who own multiple NFTs from the series can unlock exclusive utilities and rewards based on the number of different NFTs they possess.

Collect to Earn & Fastest to Collect Mechanisms:

The collection features four rarity levels: Super Super Rare (SSR), Super Rare (SR), Rare (R), and Normal (N). Each level offers its own set of benefits and utilities for NFT holders, as outlined below.

To participate in the Collect to Earn event, users who own all six of the Normal NFTs (Madeira, Lisbon, Manchester, Madrid, Turin, and Saudi Arabia) by June 10, 2024, 12:00 (UTC) will be eligible to join a quiz for a chance to win one of three Portugal NFTs. Eligible participants will receive an email invitation with a link to the quiz.

Participants must complete the quiz, which consists of eight questions, by the deadline of June 18, 2024, 23:59:59 (UTC). Three winners will be chosen from those who answer all questions correctly, with one tie-breaker determined based on fandom and creativity. #BinanceEverywhere #bitcoin $BTC $BTC

XRP Price Skyrockets Past $1 as SEC Faces Legal Troubles And Favorable Regulatory Shift Looms
XRP'S price has experienced a dramatic rise this week, nearly doubling to surpass $1, reaching a three-year high of $1.27 on Saturday. This surge, which boosted the cryptocurrency's market capitalization to $63.59 billion, comes amid growing legal challenges for the U.S. Securities and Exchange Commission (SEC). The SEC's troubles are linked to its ongoing appeal in the Ripple case, where a judge ruled that XRP sales on public exchanges do not qualify as securities. The price jump also aligns with a bullish trend in the XRP options market. Additionally, a lawsuit filed by a group of state attorneys general and the DeFi Education Fund accuses the SEC of unconstitutional overreach, claiming the regulator has exceeded its authority by treating digital assets like securities. The plaintiffs argue that cryptocurrencies should be viewed as assets, not investment contracts, and that the SEC's actions infringe on states' rights to regulate the industry.

Senators call for probe into Musk's alleged contact with Russia
Two senior Senate Democrats have called for an investigation into Elon Musk's reported interactions with Russian President Vladimir Putin and his aides. The lawmakers have urged the Pentagon and Justice Department to assess whether Musk's alleged ties to a U.S. adversary, while holding significant government contracts, jeopardize national security.
The Wall Street Journal reported last month that Musk has had several high-level conversations with Putin since 2022, a claim that the Kremlin denies. In response, Musk tweeted that he plans to identify those behind the accusations and "nuke them."
Senators Jack Reed (D-RI) and Jeanne Shaheen (D-NH) sent a letter to Attorney General Merrick Garland and the Department of Defense's Inspector General, questioning Musk's reliability as a government contractor and security clearance holder. Musk, the head of SpaceX, holds top-secret security clearance, and his company plays a key role in NASA's operations as well as U.S. defense and intelligence activities.
The senators expressed concern about Russia's ambitions in space, which they view as a direct threat to U.S. national security. They also pointed out that Musk has not disclosed his contacts with foreign officials, including alleged communications with Putin's deputy chief of staff, Sergei Kiriyenko. The Justice Department has linked Kiriyenko to efforts to spread Kremlin propaganda on social media, including Musk's platform X (formerly Twitter), aimed at undermining support for Ukraine and influencing U.S. elections.
Musk, a supporter of former President Trump's 2024 campaign, was recently chosen by Trump to lead the new Department of Government Efficiency. He has also engaged in diplomatic efforts, including calls with Ukrainian President Zelensky, Turkish President Erdogan, and meetings with Argentina's President Milei.
In addition, reports emerged that Musk visited Iran's U.N. ambassador's residence in New York, although it is unclear whether Trump $ETH

Crypto analyst Egrag Crypto has forecasted that XRP could soar to as high as $4.96 after its breakout above $1. This price surge is supported by a significant increase in XRP's market capitalization, which has recently surpassed key Fibonacci levels. Egrag highlighted that XRP's market cap is nearing $60.06 billion, suggesting further potential for growth. Alongside this, XRP whales have been actively accumulating large quantities of XRP, which could fuel a sustained price rally.

Other analysts, such as Javon Mark, predict a potential 190% rally, bringing XRP closer to its all-time high of $3.30. Meanwhile, Charting Guy has drawn comparisons to XRP's 2017 bull run, noting that the current expansion of the monthly Bollinger Bands echoes the conditions that led to its massive 61,000% gain during that period.

Fed Suddenly Flips On Huge $3 Trillion Bitcoin And Crypto Price Boom
Minneapolis Federal Reserve President Neel Kashkari, who has previously criticized bitcoin and cryptocurrencies as "worthless" and "fraudulent," expressed a more open-minded stance toward crypto this week, telling Coindesk he would keep an open mind. However, he questioned the practical role of cryptocurrencies in the real economy, aside from serving as speculative assets. His shift in perspective coincides with the rising influence of pro-crypto figures within the Trump administration. Notably, Howard Lutnick, CEO of Cantor Fitzgerald and a key advisor to Trump, is being considered for a Treasury Secretary role. This has fueled optimism among traders, pushing bitcoin prices up, as they anticipate less stringent crypto regulations and leadership changes at regulatory agencies. Additionally, Trump has suggested plans to create a U.S. bitcoin reserve and even explore using bitcoin to reduce the nation's $35 trillion debt.$ETH
#ElonMuskTwitter

Elon Musk’s mission to reinvent American government
#When Elon Musk acquired Twitter, he swiftly overhauled the platform, cutting what he deemed unnecessary or inefficient. Now, Donald Trump wants him to apply the same approach to the U.S. government.

Musk, alongside Vivek Ramaswamy—another former Republican presidential contender—was appointed to lead a new initiative aimed at "dismantling government bureaucracy." The initiative, called the Department of Government Efficiency, or "Doge" (a nod to Musk’s endorsed cryptocurrency), is a project Musk has publicly expressed interest in heading. A vocal supporter of Trump, Musk pledged to cut $2 trillion from the federal budget at an October rally.

This new role places Musk at the center of Trump’s agenda to overhaul the government, with the president-elect calling Doge “the Manhattan Project of our time,” comparing it to the 1940s initiative to develop the atomic bomb.

For those familiar with Musk’s work, his eagerness to take on this task stems from growing frustration with the regulatory constraints on his companies, such as Tesla and SpaceX.
#ElonMuskEffect #ElonMuskTwitter #Eloncrypto #elonmusk. $SOL $XRP $BTC

Elon Musk targets Microsoft in expanded OpenAI lawsuit
Elon Musk has expanded his lawsuit against OpenAI, accusing the company and its major financial backer, Microsoft, of engaging in illegal monopolistic practices to dominate the generative AI market and undermine competitors. The amended complaint, filed in federal court in Oakland, California, claims that OpenAI and its CEO, Sam Altman, violated contract terms by prioritizing profit over public interest in their push to advance AI technology. Musk criticized the rapid transformation of OpenAI from a nonprofit organization into a $157 billion for-profit entity, calling it an unprecedented corporate shift. The lawsuit seeks to void OpenAI’s licensing agreement with Microsoft and force the companies to divest their “ill-gotten” profits.

In response, OpenAI dismissed the lawsuit as baseless, while Microsoft declined to comment. Musk's attorney, Marc Toberoff, accused Microsoft of escalating anticompetitive practices, asserting that “sunlight is the best disinfectant.” Musk's long-standing opposition to OpenAI stems from its evolution as a leader in generative AI, largely due to Microsoft's substantial financial backing.

The expanded legal filing also alleges that Open AI and Microsoft violated antitrust laws by conditioning investment deals on agreements to exclude the companies’ rivals, arguing that their exclusive licensing agreement effectively constitutes an unapproved merger.

$DOGE #ElonsMusk #Eloncrypto #Eloncrypto #ElonMuskTalks

Ukraine war briefing: Zelenskyy says war will ‘end sooner’ once Trump enters White House
Volodymyr Zelenskyy has stated that Russia's war against Ukraine will end sooner with Donald Trump's policies if he becomes president again next year. Zelenskyy emphasized that Trump's approach and promises to the American people suggest the war would be concluded more quickly. He noted having a "constructive exchange" with Trump following his election victory, saying he did not hear anything that contradicted Ukraine's position. Trump, speaking at his Mar-a-Lago resort, reiterated that he would work hard to end the conflict, asserting, "It’s got to stop."

German Chancellor Olaf Scholz commented that Trump holds a more nuanced position on Ukraine than typically assumed. Despite concerns that Trump might scale back US support for Ukraine, Scholz, after a detailed and positive phone conversation with the president-elect, said Trump gave no indication he would negotiate over Ukraine's interests. Scholz reiterated Germany's commitment to supporting Ukraine and stressed that peace should not come at the cost of surrendering to Russian demands.

In a rare phone call with Vladimir Putin, Scholz urged the Russian president to withdraw forces from Ukraine and begin peace talks. Putin insisted that any peace agreement must position.#TrumpCoin #Trump2024 $DOGE

#elonmusk. #TrumpSupportsCrypto
$BTC The Sohn Hearts and Minds conference is a notable event where top investors present compelling stock ideas, with proceeds supporting medical research. It took place in Adelaide last Friday. The US election was often referred to as a "crypto referendum," with both Kamala Harris and Donald Trump courting younger voters by aligning themselves with cryptocurrencies.

Trump, in particular, has his own cryptocurrency, TrumpCoin, and Elon Musk, the tech mogul, named his Department of Government Efficiency after Dogecoin (DOGE), a digital currency that started as a joke and features the image of a Shiba Inu dog. Dogecoin has surged 230% in the past month.

Mike Novogratz, a US Bitcoin advocate, was the opening speaker at the conference. Following the election, his net worth soared by nearly $1 billion, and he predicts Bitcoin could reach $100,000 ($A155,000) soon, driven by Trump’s crypto-friendly agenda and support from figures like Musk and VP JD Vance, who aim to loosen government regulation. Novogratz described Bitcoin as the gateway to the broader crypto space, noting that it will dominate the conversation over the next six months.

A potential idea being discussed is for Bitcoin to become part of the US strategic reserve, with a bill currently before Congress proposing that the US government purchase 1 million Bitcoins. Novogratz thinks this could push Bitcoin to $500,000, although he personally believes it’s a bad idea, due to the complex and innovative nature of digital tokens and smart contracts.

Meanwhile, John O’Loghlen, the Asia Pacific MD of Coinbase, the largest listed crypto trading platform, is calling on the Australian government to catch up. Coinbase, a major supporter of the US election, backed 280 pro-crypto candidates with their "I Stand With Crypto" campaign.

Last year, the top pick at the conference was Telix Pharmaceuticals, which saw a 150% gain. This year, Bitcoin took the spotlight, rising 134% over the past year and 40% just this month.

Valuations at Elon Musk’s SpaceX and xAI set to soar in new deals

Two of Elon Musk’s private companies are poised to see significant increases in valuation through new deals, as investors eagerly back his growing business empire. SpaceX, the largest private company in the U.S., plans to launch a tender offer in December, selling shares at about $135 each, which would bring its valuation to over $250 billion, up from around $210 billion in a similar deal earlier this year. Meanwhile, Musk’s AI company xAI has raised $5 billion at a $45 billion valuation, nearly doubling its worth in just a few months. The rapid fundraising comes amid Musk’s expanding influence beyond Silicon Valley, with his involvement in U.S. politics intensifying. Recently, he helped deliver the U.S. election to Donald Trump and was appointed alongside entrepreneur Vivek Ramaswamy to head a new “department of government efficiency,” tasked with advising on reducing bureaucracy.
Musk’s close ties to Trump have also had a positive impact on Tesla’s stock, which has surged nearly 30% since the November 5 election. Sources familiar with the xAI fundraising reveal that the $5 billion deal has been “fully allocated,” with all new shares assigned to investors, though the transaction won’t officially close until the end of the month. They noted the deal was oversubscribed and included only investors who had previously backed the startup. The strong interest in xAI, which offers a ChatGPT competitor called Grok, is fueling Musk’s efforts to challenge rivals like OpenAI and Anthropic.

Bitcoin ETFs Witness Third Highest Outflow Since Launch, the Other Two Times Foreshadowed Price Bottoms

U.S.-listed Bitcoin (BTC) exchange-traded funds (ETFs) experienced their third-largest outflow since launch, with over $400 million withdrawn on Thursday, according to Farside data. This marks a significant event as each time ETF outflows exceed $400 million, it has historically coincided with a local price bottom—this pattern was seen on May 1 and November 4. On Thursday, Bitcoin traded between a low of $86,600 and a high of nearly $92,000, correcting about 6% from its all-time high of over $93,000 reached on November 13. While this price correction isn't alarming, as profit-taking is common after new all-time highs, investors have withdrawn $15 billion from Bitcoin in the last three days, as per Glassnode data. Since U.S. President Donald Trump’s election earlier this month, Bitcoin has surged more than 25%.

Notably, while BlackRock's IBIT ETF saw inflows of $126.5 million, other products faced substantial outflows. Fidelity's FBTC lost $179.2 million, Bitwise BITB saw $113.9 million drained, Ark's ARKB bled $161.7 million, and Grayscale's ETFs lost a combined $74.9 million. This Thursday marked the third-worst day for Bitcoin-linked ETFs since their launch, following similar large outflows on November 4 ($541.1 million) and May 1 ($563.7 million). In both instances, Bitcoin's price bottomed shortly after before rebounding sharply—falling to around $67,000 on November 4 and just under $60,000 on May 1.

As of now, it remains to be seen whether this pattern will hold true, signaling another potential price bottom. Meanwhile, Ether (ETH) ETFs experienced their first outflow in nearly two weeks, with $3.2 million withdrawn.
#WeAreAllSatoshi #CPIUpdateOctober #WeAreAllSatoshi $DOGE $ETH

Satoshi Bitcoin wallets now worth over $100 billion making Top 20 richest people
Satoshi Nakamoto's Bitcoin holdings have now exceeded $100 billion, placing the anonymous creator among the world's top 20 wealthiest individuals, assuming they are still alive and a single person. According to data from Timechainindex, the Patoshi wallets, which are linked to early Bitcoin mining between 2009 and 2010, likely belong to Nakamoto and contain over 1.12 million BTC. With Bitcoin recently reaching $93,400, these holdings are valued at approximately $102 billion, representing about 5.68% of the total Bitcoin supply. This massive fortune positions Nakamoto's wealth alongside figures like Michael Dell and Bill Gates, whose net worths stand at $110.2 billion and $105.2 billion, respectively.

Nakamoto now surpasses Binance co-founder CZ, who has $62.6 billion, and sits just above Mukesh Ambani, leader of India's largest private company, with $99.7 billion. The anonymity of Nakamoto adds a unique twist to the traditional list of billionaires, typically composed of well-known business figures. The surge in Bitcoin's value, partly driven by recent market events such as the US presidential election, has spurred increased interest in digital assets as alternative investments. While the true identity of Satoshi Nakamoto remains a mystery, the immense value of their Bitcoin holdings underscores the remarkable growth of the cryptocurrency and places its creator among the wealthiest people in the world.$BTC $DOGE #elonmusk. #Trump47thPresident

Matthew Sigel, the head of digital assets research at VanEck, believes Bitcoin (BTC) is poised to rise significantly, potentially reaching $180,000 in this cycle, marking a 102% increase from its current price. Speaking on CNBC’s Squawk Box, Sigel stated that Bitcoin is entering "blue sky territory" with no major technical resistance, suggesting the cryptocurrency could make repeated all-time highs over the next two quarters. He pointed to Bitcoin's similar performance in 2020, when it doubled after the election, with occasional 10% corrections along the way.

Sigel attributes Bitcoin's ongoing growth to several factors, including the election of pro-crypto President Donald Trump and growing interest from institutional investors. He noted that many investment advisors are now looking to increase their Bitcoin exposure, further boosting demand. Sigel’s price target for Bitcoin is $180,000 by next year, which would represent a 1,000% return from its cycle bottom. Currently, Bitcoin is trading at $88,723, up over 145% from the previous year.

In other Bitcoin-related news, cryptocurrency mining company BIT Mining has invested in Prosper, a decentralized protocol focused on Bitcoin mining. This move supports Prosper's shift toward institutional-grade Bitcoin mining, with the company leveraging its mining operations and partnerships to enhance its exposure to the Bitcoin ecosystem.