reza21 🎩

@reza21

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Renowned economist Henrik Zeberg remains bullish on Bitcoin (BTC) despite its recent 10% decline. He told his 170,600 followers on social media that Bitcoin has the potential to break the all-time high of $108,200. However, Zeberg warned that after reaching a peak, the price could fall to around $16,000. He also predicted that altcoins are on the verge of a strong rally, but that this bullish phase, accompanied by extreme optimism, will only last a few weeks and will be followed by a deep bear market.

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The U.S. Securities and Exchange Commission (SEC) has approved a Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF) for Hashdex and Franklin Templeton. According to the filing, the SEC has approved proposed changes to the Nasdaq and Cboe BZX listing and trading rules for the funds. The funds are likely to launch in January and will be roughly 80% Bitcoin and 20% Ethereum, according to ETF analyst Eric Balchunas.

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The Zora network can be referred to as an irreplaceable token market protocol that always operates based on the famous blockchain technology. The Zora network can make it possible for users to trade a variety of non-traditional digital works such as images, videos, songs, works of art and other valuable objects.

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Rumors suggest that MicroStrategy may stop buying Bitcoin (BTC) in January due to a period of restrictions on issuing shares or convertible debt. The company’s CEO Michael Saylor, who has already bought more than $3 billion in Bitcoin since December, will face restrictions in January. The company currently holds $46.02 billion in Bitcoin and has an unrealized gain of more than $18.9 billion. Analysts believe that the restriction period could last until the company’s next financial report is released in early February.

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Eric Balchunas, an exchange-traded fund (ETF) analyst for Bloomberg, has raised the possibility of several new cryptocurrency ETFs being approved in 2025. He predicts that first, Bitcoin (BTC) and Ethereum (ETH) ETFs will be approved, followed by Litecoin (LTC) and Hedera (HBAR), and finally Solana (SOL) and Ripple (XRP). Balchunas believes that some cryptocurrencies, such as Litecoin and Hedera, have a better chance of approval because they are not recognized as unregistered securities by the U.S. Securities and Exchange Commission (SEC).

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The price of Bitcoin (BTC) crossed the $107,000 mark for the first time in history to set a new record in the digital currency market. This figure is equivalent to 8 billion and 200 million Tomans, which is the highest Toman value of Bitcoin since the emergence of this digital currency.

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Bitcoin has entered a short-term consolidation phase above $100,000. Technical indicators and historical price patterns suggest that the market-leading cryptocurrency has the potential to rise to $50,000 in the current cycle. TradingShot, a well-known analyst and trader, has predicted that Bitcoin could reach $150,000 by the summer of 2025, citing a “3-phase expansion” pattern. The weekly Relative Strength Index (RSI) also suggests room for further growth. Forecasts from major institutions such as Standard Chartered for $200,000 in 2025 and VanEck for $180,000 in Q1 2025 also support this bullish view.

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According to the weekly report of the analytical platform CryptoQuant, the Ethereum network is witnessing renewed demand growth and increased activity. The indicators of the analytical company show that if the dynamics of supply and demand continue, the price of the second largest cryptocurrency in the market will reach above $ 5,000. Currently, the price of Ethereum is $ 3,900. CryptoQuant analysts say that the assets of Ethereum exchange-traded funds (ETFs) have reached a new record of 3.41 million coins, which indicates investor confidence. The dynamics of the supply sector are also positive, with the amount of Ether burned increasing from 80 units at the end of August to 2,700 units at the moment. The network activity has also increased, with daily transactions reaching 6.5-7.5 million. Analysts believe that more network activity will lead to more Ether burns and a positive impact on the price.

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Peter Brandt, a well-known market expert, says that the value of Bitcoin (BTC) has reached a critical point relative to gold. The news comes as Bitcoin has slightly declined in the past two days after a strong price rise from $68,000 to more than $100,000. In 2024, Bitcoin has outperformed all major assets such as stocks, bonds and gold, and Ray Dalio, a famous investor, has advised people to buy Bitcoin and gold instead of bonds, although Peter Schiff, who has always been against Bitcoin, still thinks gold is better.

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The Bitcoin (BTC) Fear and Greed Index, created by Alternative, shows that investor sentiment has declined from extreme greed to moderate greed. The index, with a score of 74 out of 100, is still in the greed zone, but has moved out of the extreme greed zone (75). This shift occurred after the Bitcoin price plunged and the altcoin market crashed. History shows that extreme greed is usually associated with price peaks, while extreme fear is associated with price bottoms.

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Jack Mallers, CEO of Bitcoin wallet and payment app Strike, believes that the adoption of a strategic reserve of Bitcoin in the United States would benefit all segments of society. In an interview with Kitco News, he said that he expects the incoming Trump administration to strengthen the economy by supporting growth, businesses and innovation. Mallers suggests that the United States solve its financial problems by creating a strategic reserve of Bitcoin. He emphasizes that this measure would benefit retail investors, companies and institutions that own Bitcoin, without harming people who do not have it. This comes as Senator Cynthia Loomis plans to introduce a bill to create a reserve of Bitcoin to protect the value of the US dollar. The law would require the government to collect one million Bitcoins over five years.

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Bitcoin fell sharply to around $94,000 after breaking through the $100,000 mark. Altcoins also suffered a sharp decline. Despite significant Bitcoin purchases by Microstrategy, the cryptocurrency fell by around $6,000. The sharp fluctuations led to the liquidation of trading positions by more than 500,000 traders, with the total value of the liquidated positions reaching $1.7 billion. Bitcoin’s market capitalization fell to $1.93 trillion, but its dominance increased to 53%. Some altcoins, such as Dog Wife Hat (WIF), BRETT (BRETT), and Worldcoin (WLD), suffered a decline of more than 13%. The total cryptocurrency market capitalization fell from $3.9 trillion to below $3.6 trillion, representing a loss of $300 billion.

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According to analytics firm Santiment, Bitcoin miners have sold more than $8.55 billion worth of Bitcoin in the past two days, the largest distribution of Bitcoin by miners in 10 months. Despite the massive sell-off, large investors are still buying. Santiment sees this as a neutral sign. The firm also points to Bitcoin’s price correlation with the S&P500 index, and believes that a break of this correlation could be a bullish sign for Bitcoin. Historically, cryptocurrencies have performed better when they are less dependent on global stock markets.

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Economist and outspoken Bitcoin critic Peter Schiff has warned that if the US government were to adopt Bitcoin as a national reserve, it could lead to a weakening of the dollar. He argues that massive government purchases of Bitcoin by printing new money could inflate the money supply and create an economic bubble. Schiff believes that Bitcoin’s recent surge to $100,000 was the result of political lobbying and government support, not organic market demand. He has criticized the proposal to create a national Bitcoin reserve, which would require the government to buy large amounts of Bitcoin annually, warning that it could lead to a financial crisis and reduce investor confidence in the US dollar. Schiff worries that government support for Bitcoin could lead the US into an economic bubble.

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A prominent cryptocurrency analyst has predicted that Ethereum (ETH) could soon reach record highs. Citing the surge in demand for Ethereum exchange-traded funds (ETFs), the analyst, who goes by the pseudonym Pentoshi, believes that the cryptocurrency’s price will soon surpass its annual record high. He also pointed to Ethereum’s outperformance over Bitcoin and Solana, adding that capital inflows into Ethereum ETFs in recent days have exceeded the total in previous months. At the time of writing, Ethereum is trading at $4,015, up 5.1% in the past 24 hours. Ethereum’s all-time high was around $4,900 in 2021.

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Bitcoin (BTC), which had recently reached an all-time high of $104,000, plunged to around $93,000 in a sudden crash, losing around $10,000 in value per Bitcoin in one day. The crash was largely due to traders who had bought Bitcoin with leverage and were forced to sell. Fortunately, Bitcoin has recovered a significant portion of its losses since the crash and is currently trading around $98,000, indicating that the market still has strength.

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Jerome Powell, the chairman of the US Federal Reserve, has made an interesting comment about Bitcoin (BTC). He says that people are treating Bitcoin like gold, not like regular money. Powell’s point is that Bitcoin is an investment vehicle, so it’s unlikely that anyone will use Bitcoin for everyday purchases like money. This comment suggests that US monetary authorities do not see Bitcoin as a threat to the dollar, and comparing it to gold indicates its acceptance as a valuable asset.

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Bitcoin price has surpassed $100,000 for the first time, hitting an all-time high of $103,630. The achievement comes after setting new records in recent weeks following the US presidential election. The election of Donald Trump, who promised pro-cryptocurrency policies, helped boost Bitcoin’s price. Since his victory in early November, Bitcoin’s price has risen by more than 30%. The digital asset continued its record-breaking run, reaching $98,200 on November 21. After several days of volatility, Bitcoin finally broke through the six-figure mark on December 4. At press time, Bitcoin was trading at $102,770, up 6.64% in the past 24 hours. This event reflects the growing acceptance of Bitcoin among investors and financial institutions.

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Arthur Hayes, billionaire and founder of the cryptocurrency exchange BitMEX, says the price of Bitcoin (BTC) could reach $1 million in the next five years. That’s about 10 times the current price of around $95,000. He believes that governments will continue to print money because they can’t cut spending, can’t raise taxes, and have to print more money to pay off their debts. Hayes also points to a historical point: Bitcoin was created right at the time of the 2008 financial crisis, and he doesn’t think that was a coincidence, but rather a response to the problems in the current financial system.

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Although the price of Bitcoin (BTC) has recently fallen slightly, falling below $95,000, there are still positive signs in the market. Binance, one of the largest cryptocurrency exchanges, says that investors are ready to re-enter the market and buy. There is currently about $28 billion in stablecoin cash on Binance, which means that people are ready to buy Bitcoin again when the price drops. Analysts also say that the recent drop in Bitcoin price is temporary and could lead to further price growth. Some predict that the price of Bitcoin could reach $120,000, so it seems that the overall bullish trend for Bitcoin is still ongoing.

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