The November U.S. elections have undeniably awoken #Bitcoin  from something of a summertime slumber as the world’s premier cryptocurrency recorded several sequential rallies to new all-time highs (ATH) – first to $99,000, then $104,000, and finally above $107,000.
The most recent rally – the one that led to BTC press time price of $107,146 – even countered the ‘Sunday pump-Monday dump’ narrative that has been forming as MicroStrategy (#Nasdaq : MSTR) increased its buying activity.
In total, Bitcoin is 151% in the green in the last 12 months, and has rallied 17.77% in the last 30 days

Despite the strong performance, new highs always bring the danger of subsequent stagnation and corrections, and though many expect even higher highs by the year’s end, Coindatacap elected to consult X’s #GrokAI on what could be expected of BTC on December 31, 2024.
Grok sets BTC price target for the year’s end
Grok was quick to assess Bitcoin’s overall position as favorable, noting high volume, strong upward momentum, non-trivial volatility, and the established fact of the cryptocurrency’s limited supply.

Using these facts – as well as technical factors such as rising short and long-term moving averages (MA) and BTC’s ability to break through previous resistances – the artificial intelligence (AI) model estimated $112,000 is a plausible goal for December 31. 

When asked why it opted for a relatively conservative target, Grok explained that the ecstatic momentum generated by breaking the psychological $100,000 level may be nearing exhaustion. At the same time, the exceptionally high prices could increase profit-taking among investors.
Ultimately, the AI stated it considers a continued upside – though somewhat lesser than observed in recent trading – a highly reasonable prediction for the remainder of 2024.

112,000 BTC by the New Year and $250,000 Bitcoin after?
While it would not be strange for Grok’s forecast to prove true – Bitcoin has managed multiple new highs, but with periods of consolidation and sideways trading between – in the last two weeks of 2024, it is noteworthy that the general expectation is that 2025 will bring an exceptionally strong bull market.
One of the most frequently shared price targets – it was shared by legendary Wall Street analysts like Tom Lee and long-standing BTC bulls like Robert Kiyosaki alike – stands at $250,000, indicating a high degree of confidence the coins rally will be akin to what was observed in 2024.
Still, some have gone even higher and one prominent #cryptocurrency lobbyist – Perianne Boring – estimated that Donald Trump’s promised crypto-friendly administration, paired with Bitcoin’s own merits, would lead to a rally to at least $800,000 before the end of 2025

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#BTCNewATH #Bitcoin110KNext?

MicroStrategy’s MSTR Set for Nasdaq-100 Inclusion, Potentially Shaping Institutional Bitcoin Exposure
The cryptocurrency market is poised for a notable shift as MicroStrategy, led by CEO Michael Saylor, is set to join the prestigious Nasdaq-100 index.
This inclusion not only marks a significant moment for MicroStrategy but also reflects the growing acceptance of cryptocurrency within mainstream finance.
According to a statement from Nasdaq, “MicroStrategy has innovatively positioned itself at the crossroads of software development and digital asset investment, paving the way for broader institutional participation.”
MicroStrategy’s addition to the Nasdaq-100 signifies a pivotal moment for cryptocurrency, enhancing institutional interest and Bitcoin exposure across global portfolios.
MicroStrategy’s Strategic Integration into Nasdaq
MicroStrategy’s inclusion on the Nasdaq-100, effective December 23, symbolizes a major endorsement for the company and the broader crypto market.
With an impressive market capitalization, MSTR joins the ranks of industry leaders like Apple and Amazon, accentuating its presence in a competitive landscape. This move signals an evolving narrative where tech firms intersect with crypto investments.
Impact on Institutional Investment
The ramifications of MicroStrategy’s Nasdaq-100 listing extend beyond mere market placement. Analysts believe this development will enhance institutional investment in cryptocurrencies.
By becoming part of the Invesco QQQ Trust (QQQ), MicroStrategy will essentially allow a broader audience—including pension funds and institutional investors—the opportunity to gain Bitcoin exposure indirectly.
This shift represents a turning point in how digital assets are perceived and integrated within traditional finance.
Market Reactions to the News
The announcement has elicited mixed emotions within the crypto community. On one hand, there is excitement about the potential for increased liquidity and adoption of Bitcoin; on the other, caution is prevalent among veteran investors.
Analyst responses paint a picture of optimism. Notable figures like Will Clemente suggest that MicroStrategy’s new status will lead to an influx of capital into Bitcoin-related assets, vital for the cryptocurrency’s long-term sustainability.
Broader Implications for Cryptocurrencies
MicroStrategy’s ascension to the Nasdaq-100 could catalyze further crypto-centric listings in the future, breathing new life into discussions about digital asset integration in established financial markets.
Market sentiment reflects a belief that increased visibility might spur more companies to consider digital currencies as part of their investment strategy, leading to an era characterized by greater acceptance and innovation.
In summary, MicroStrategy’s addition to the Nasdaq is not just a significant milestone for the company but a reflection of the ongoing convergence of traditional finance with the cryptocurrency realm.
As institutional interest grows, this could herald a new era where cryptocurrencies are firmly entrenched in mainstream markets, potentially altering the landscape of investment for years to come. Investors should stay alert to the evolving dynamics as more companies navigate this intersection.
#MicroStrategy #Nasdaq #Bitcoin #Cryptomarket #CryptoNews

MicroStrategy Joins Nasdaq 100 Index: A Strategic Milestone

MicroStrategy (MSTR) has officially been added to the Nasdaq 100 Index as of December 14, marking a significant milestone in the company's journey. The Nasdaq 100 is a benchmark that represents the largest non-financial companies listed on the Nasdaq Stock Market, showcasing leading firms in technology and business.

This inclusion highlights MicroStrategy's growing influence and robust performance in recent years. Renowned for its business intelligence and analytics software, the company has also garnered substantial attention for its strategic investments in Bitcoin. These efforts have solidified its reputation as a leader in the cryptocurrency space, further enhancing its appeal to tech-savvy investors.

Being part of the Nasdaq 100 is expected to amplify MicroStrategy's visibility among institutional investors, particularly those seeking innovative technology firms. It reflects the company's commitment to growth and its ability to adapt to market dynamics.
#Nasdaq #IndexInvesting #Write2Earn!
Analysts predict that this development could shape MicroStrategy's future trajectory, offering new opportunities for expansion and collaboration within the tech industry. The company's inclusion is not only a recognition of its achievements but also a platform for future growth, with market observers closely watching its performance in the coming months.

Blackrock has just completed the registration process for the "iShares Ethereum Trust," which has resemblance to the prior occurrences around the establishment of a Bitcoin exchange-traded fund (ETF).
Subsequently, the asset management submitted a filing to Nasdaq, awaiting acknowledgement from the Securities and Exchange Commission (SEC).
The price of Ethereum exhibited a notable degree of optimism, as the cryptocurrency experienced a substantial jump of over 10%, reaching a value of $2,100.
The price of Ethereum has exhibited a significant reliance on the signals provided by Bitcoin in order to ascertain fluctuations, whether upward or downward, during the preceding several days. Nevertheless, a notable shift has transpired today, when the alternative cryptocurrency saw a significant surge. This rally may be attributed to a pivotal advancement inside the cryptocurrency realm that is associated with Ethereum.
BlackRock has submitted an application for the establishment of an exchange-traded fund (ETF) focused on Ethereum, a prominent cryptocurrency.
On Thursday, BlackRock, the largest asset management business globally, formally submitted an application to Nasdaq for inclusion in an Ethereum Exchange Traded Fund (ETF). The exchange-traded fund (ETF) has been filed and is now awaiting acknowledgement and approval from the Securities and Exchange Commission (SEC). This filing designates the ETF as Commodity-Based Trust Shares.

The preceding events were characterized by many hours of heightened anticipation among enthusiastic cryptocurrency investors who, upon becoming aware of the probable filing, engaged in significant trading activity that resulted in a surge in the Ethereum (ETH) market. BlackRock has initiated the process of registering the iShares Ethereum Trust in the state of Delaware, so mirroring the developments observed in the context of the spot Bitcoin ETF. Shortly after filing for a Bitcoin ETF, BlackRock proceeded to register for a Bitcoin spot ETF within a week.
Nevertheless, the grandeur of the event remained unaffected, since this development represents a significant milestone for Ethereum, after the Securities and Exchange Commission's endorsement of ETH Futures Exchange-Traded Funds earlier in the current year.
Nevertheless, the value of ETH is now seeing an upward trend in the market, perhaps leading to unforeseen developments among other cryptocurrencies.
The price of Ethereum experiences an upward trajectory.
At the present moment, the price of Ethereum has a tendency to surpass the $2,100 threshold, driven by the surge of confidence following the disclosure of the BlackRock spot ETF filing. The alternative cryptocurrency reached a peak that has not been seen in almost half a year.
Experiencing a surge of almost 10% within a single day, the cryptocurrency ETH successfully surpassed the significant threshold of $2,000. The current market conditions indicate a potential resurgence in the value of Ethereum (ETH), aiming to surpass its previous peak observed within the recent months. In order to generate profits, cryptocurrencies often require a stable growth in price. Given the recent breakthrough filing in the "home of DeFi," the possibility of a further price increase cannot be disregarded.

Currently, there is a lack of urgent indications pertaining to a price correction. However, in the event that the excessively hot market intersects with investors who are eager to capitalize on gains, it is plausible that the price of Ethereum might naturally see a decrease.
#etf #ethereum #Nasdaq