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Bitcoin (BTC) was trading at $97,765 in early trading on Thursday, November 21. The cryptocurrency has gained 40% since Donald Trump won the presidential election. Bitcoin is now just 2% away from hitting $100,000, and experts predict that this price target is not far off.
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The price of Bitcoin (BTC), the world's largest cryptocurrency, reached a new all-time high of $94,000 minutes ago. This price increase has surprised investors and cryptocurrency market participants. With this impressive rise, the total market value of Bitcoin has crossed the $1.86 trillion mark. Analysts believe that this upward trend can continue.
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A cryptocurrency analyst who correctly predicted a 2021 Bitcoin bull market cap has now raised the possibility of a massive price increase for the currency. The analyst, who goes by the nickname Dave the Wave, believes that after Bitcoin breaks through the psychological $100,000 mark, a bullish rally is likely. Referring to Bitcoin’s four-year cycle, he predicts that the cryptocurrency could repeat past price patterns. He also shared a chart that suggests Bitcoin is likely to reach the peak of this cycle above $200,000 by next year. He emphasizes that Bitcoin is currently halfway to its medium-term technical target, which would see it break the six-figure mark.
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Jamie Coutts, senior crypto analyst at Real Vision, has warned that a stronger US dollar could threaten the rally for Bitcoin and other cryptocurrencies. Despite the long-term bullish structure, Coutts believes that caution is warranted in the short term. He points to the dollar index (DXY) trading near the 106 resistance level, a break of which would not be favorable for riskier assets. In the long term, Coutts sees a strong correlation between Bitcoin and global liquidity, predicting that Bitcoin will grow in the next 12 to 24 months as the M2 money supply increases.
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With the price of Bitcoin (BTC) reaching a record of almost $93,500, the value of MicroStrategy's Bitcoin reserves has reached $26 billion, which is more than the cash holdings of major companies such as IBM, Nike, and Johnson & Johnson. Johnson) is more. Michael Saylor, the co-founder and president of the company, started investing in Bitcoin in 2020 as a hedge against inflation and plans to increase this investment to $42 billion over the next three years.
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Binance exchange has announced that today it will list DEGEN meme, developed on Coinbase layer 2 network called Base. After this announcement, the price of Dijon increased by 50% and is currently trading at $0.029. This will be the first base-based meme coin to be listed on Binance.
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Thank you for this great news🔥😍
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Prominent cryptocurrency market analyst Willy Woo has shared his bullish view on Bitcoin (BTC)'s rapid growth in recent days. Wu believes that Bitcoin is poised to go higher. He predicts that after a period of consolidation in the $88,000-$91,000 range, Bitcoin is likely to rise another 16%, setting the next target at $102,000.
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A well-known cryptocurrency analyst named Rekt Capital has announced that Bitcoin is experiencing one of the longest periods of re-accumulation in its history. He is in A YouTube video explained that Bitcoin experienced four consecutive weeks of record-breaking price increases in 2021. He predicted that if Bitcoin repeats a similar trend in 2020, it could reach $96,500 by the end of the year.
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Arthur Hayes, the co-founder of BitMEX, predicted that the price of Bitcoin (BTC) could reach $1 million if the Trump administration follows China's economic development model. After Trump's victory in the presidential election, the price of Bitcoin has reached a new high of $90,000 with a significant growth and is expected to continue its upward trend.
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Bitcoin is crossing the $1,000 mark at a staggering speed and is now nearing $90,000. Just a week ago, the price of Bitcoin was $67,568. Other digital currencies have also risen along with Bitcoin; Ethereum has reached $3,349, Solana has reached $220 and Dogecoin has reached close to $0.4 with a stunning rise. This price increase occurred at the same time as Donald Trump's decisive victory in the elections and the record breaking of the Dow Jones index
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Bitcoin soared above $81,000 late Sunday, continuing its record-breaking streak for a sixth day in a row, boosting many cryptocurrencies large and small. Bitcoin increased by 5.6% in the last 24 hours. This new record with a trading volume of nearly 100 billion dollars occurred in an unusual weekend. Dogecoin and Shiba Inu were the leaders of the market with a price increase of up to 30%. With the renewed support of Elon Musk, Dogecoin has grown by 88% in the last 30 days
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For the first time ever, Bitcoin has reached the $79,000 price level, and many traders see this rise as just the beginning of a further uptrend. In a week that has witnessed several new price peaks, the value of Bitcoin has crossed the $79,000 mark. This new record happened after the re-election of Donald Trump as the President of the United States
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A prominent cryptocurrency analyst believes that Bitcoin is preparing for the next phase of its ascent. (Michaël van de Poppe) predicted in his new strategy session that Bitcoin could soon rise more than 5% from its current value to reach $80,000. He also pointed out that the massive influx of capital into Bitcoin exchange-traded funds (ETFs) after Donald Trump's victory in the US presidential election indicates that this digital currency is entering the most explosive phase of the market cycle.
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Following Donald Trump's victory in the United States presidential election, Fidelity's Bitcoin (BTC) exchange-traded fund (ETF) FBTC recorded the largest inflow of $308.8 million. . Ark ARKB and Bitwise ETF named BITB also attracted 127 and 100.9 million dollars respectively. On the other hand, ETF BlackRock (BlackRock) called IBIT faced a capital outflow of 69.1 million dollars.
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The price of Bitcoin (BTC) reached a new record high of $76,000 after crossing the previous historical high. Also, the market value of Bitcoin has reached 1.49 trillion dollars and is very close to reaching 1.5 trillion dollars. Analysts see the $80,000 resistance as an important price level to see how Bitcoin will react.
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Bitcoin reached a new record high above $75,000 on the digital currency exchanges Binance and Coinbase. This price increase coincided with the lead of Donald Trump, the Republican candidate who supports digital currencies, in the US presidential elections. Currently, the odds of Trump winning in the Polymarket betting market have reached 85%. Currently, the price of Bitcoin has slightly corrected and returned to $74,000 after setting a new record.
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According to the CryptoQuant report, the mining difficulty and hash rate of the Bitcoin (BTC) network has reached unprecedented levels. This record shows that more mining devices have joined the network and the competition in this ecosystem has intensified. In the same vein, Bitcoin miner TeraWulf raised $92 million to boost mining operations last month by selling 25% of its shares in a joint venture.
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An experienced digital currency strategist has issued a serious warning about Bitcoin and says that this digital currency is in danger of falling to the $50,000 price level. Don Alt, a well-known analyst who operates under the pseudonym, believes that Bitcoin's weekly close below $70,000 will pave the way for a new wave of chain liquidations. He attributes the recent rise in Bitcoin to short-term traders who entered the market hoping for a Trump victory.
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After 12 years of silence, a cryptocurrency investor recently made a significant move in the Bitcoin (BTC) market. The trader, who bought 159 bitcoins at a price of $10.5 a unit in September 2012, has now circulated a fortune of $11.75 million by transferring these assets. This smart investment, made when the Bitcoin market was in its infancy, has now achieved a phenomenal return of 700,000%.
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