charlotte9586w

@charlotte9586w

199 Following

222 Followers

charlotte9586w pfp

@charlotte9586w

Bitcoin ETFs displayed a similar dynamic, with BlackRock’s iShares Bitcoin Trust (IBIT) clocking approximately $37 billion in 2024 net inflows against more than $20 billion in net outflows from Grayscale Bitcoin Trust (GBTC).

0 reply

10 recasts

23 reactions

charlotte9586w pfp

@charlotte9586w

Bitcoin has only seen four halvings so far, with nearly thirty halving events yet to occur. “It’s difficult to imagine that all these halvings will follow the same predictable four-year pattern,” said Kalchev, especially as broader macroeconomic and political factors—such as central bank policies and regulatory developments— exert more significant influence on Bitcoin’s market trajectory.

0 reply

8 recasts

20 reactions

charlotte9586w pfp

@charlotte9586w

Coinbase previously communicated plans to delist MiCA-restricted stablecoins in October, inviting users to convert their holdings in noncompliant coins into other stablecoins like USDC.

0 reply

1 recast

1 reaction

charlotte9586w pfp

@charlotte9586w

“The provider of virtual asset services is prohibited from transferring virtual assets denominated in foreign currency to a self-custodial portfolio,” the proposal states.

0 reply

2 recasts

12 reactions

charlotte9586w pfp

@charlotte9586w

The proposal is part of draft regulation and is subject to public consultation until Feb. 28, 2025.

0 reply

1 recast

7 reactions

charlotte9586w pfp

@charlotte9586w

Brazil is considering a potential ban on stablecoin withdrawals to self-custodial wallets, coinciding with the Brazilian real hitting all-time highs against the United States dollar.

0 reply

1 recast

7 reactions

charlotte9586w pfp

@charlotte9586w

Today in crypto, Brazil, the second-largest market for stablecoin transactions, could be set to ban stablecoin withdrawals to self-custodial wallets like MetaMask, Ripple’s XRP flipped both Tether and Solana’s market cap, but an analyst warns it could be “leverage driven.”

0 reply

1 recast

3 reactions

charlotte9586w pfp

@charlotte9586w

Saylor also claimed that BTC could add up to $584 to Microsoft’s share price in the next decade. “You can create trillions of dollars of enterprise value. You can strip away risk from your shareholders,” he added.

0 reply

2 recasts

5 reactions

charlotte9586w pfp

@charlotte9586w

Saylor said Microsoft should convert its dividend payouts, stock buybacks, cash flows and debt into Bitcoin, adding that this would add “hundreds of dollars” to the company’s stock price.

0 reply

2 recasts

4 reactions

charlotte9586w pfp

@charlotte9586w

In a pitch to Microsoft’s board, the MicroStrategy chair and Bitcoin bull said that Microsoft could increase its market capitalization by almost $5 trillion if it goes all-in on Bitcoin. Saylor said that Microsoft cannot afford to miss the next tech wave and that “Bitcoin is that wave.”

0 reply

1 recast

4 reactions

charlotte9586w pfp

@charlotte9586w

Beyond expanding its own Bitcoin holdings, MicroStrategy executive chairman Michael Saylor has called on tech giant Microsoft to adopt a similar strategy.

0 reply

1 recast

3 reactions

charlotte9586w pfp

@charlotte9586w

The funding for the massive purchase came from multiple sources, including a private offering of 0% convertible senior notes due in 2029, as well as proceeds from the company’s ongoing at-the-market equity program.

0 reply

1 recast

3 reactions

charlotte9586w pfp

@charlotte9586w

Between Nov. 18 and 24, the company acquired 55,000 BTC for $5.4 billion at an average price of $97,862 per coin, according to a regulatory filing.

0 reply

1 recast

3 reactions

charlotte9586w pfp

@charlotte9586w

This is because Bitcoin is set to surpass the $100,000 valuation in the short term, according to Anndy Lian, author and intergovernmental blockchain expert.

0 reply

6 recasts

15 reactions

charlotte9586w pfp

@charlotte9586w

While temporary corrections are an organic part of crypto bull markets, most analysts don’t expect the current correction to be long-lived.

0 reply

1 recast

14 reactions

charlotte9586w pfp

@charlotte9586w

While historical chart patterns aren’t always accurate in predicting future price action, a potential 30% correction from $99,800 would hypothetically tank Bitcoin price below $70,000.

0 reply

1 recast

12 reactions

charlotte9586w pfp

@charlotte9586w

While most analysts agree that topping $100,000 is only a matter of time, some analysts expect a deeper retracement before the milestone high.

0 reply

1 recast

6 reactions

charlotte9586w pfp

@charlotte9586w

On Nov. 19, President-elect Trump chose Cantor Fitzgerald CEO and pro-crypto advocate Howard Lutnick to serve as commerce secretary. Cantor Fitzgerald is the firm that manages Tether’s US Treasury reserves backing the USDt stablecoin. Five days after the cabinet appointment of Lutnick, Cantor Fitzgerald announced it acquired a 5% stake in Tether, valued at upward of $600 million

0 reply

6 recasts

42 reactions

charlotte9586w pfp

@charlotte9586w

Dogecoin has demonstrated a strong breakout above its recent high at $0.43 on the 4-hour chart, with the relative strength index (RSI) and 50-day EMA acting as support during its higher-high sideways consolidation. With a confirmed move above previous highs, Javon Marks, an independent analyst, mentioned that another 52.2% upside “could be well on the way.

0 reply

4 recasts

41 reactions

charlotte9586w pfp

@charlotte9586w

Marks highlighted that the immediate target range for Dogecoin is currently between $0.65 and $1.25. Similarly, Trader Tardigrade, a pattern analyst, said in an X post that a $1 target is “inevitable” for the memecoin. The trader observed the formation of a high-tight flag pattern and commented,

0 reply

1 recast

41 reactions