Bitcoin Price

Bitcoin price hits $100K for first time in history

December 5, 2024 Coin Telegraph

Bitcoin

Bitcoin has rallied 126% since January to reach $100,000, driven by Bitcoin ETF demand, April's halving and Donald Trump's US election win.

The price of Bitcoin reached $100,000 for the first time in history, marking a milestone for the cryptocurrency market after a year of significant growth.

Bitcoin (BTC) hit the $100,000 price mark on Dec. 5, breaking a psychological level just weeks after reaching the $90,000 milestone on Nov. 12, according to TradingView.

Bitcoin also set a new all-time high of $103,679 around 30 minutes after surpassing the $100,000 mark.

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Standard Chartered Shares 5-Year Bitcoin Forecast, Sees BTC at $500K by 2028

US Bitcoin reserve is possible to achieve but not without downsides

December 2, 2024 Coin Telegraph

Adoption

Government participation in crypto hasn’t always had great outcomes for the space, with the SEC under the Biden administration causing plenty of headaches for firms.

During his 2024 election campaign, United States President-elect Donald Trump made many crypto-related promises, including establishing a “strategic Bitcoin stockpile.” The idea has since picked up steam both in the United States and abroad. 

While there has been plenty of talk, a clear roadmap and timeline for the implementation of a Bitcoin (BTC) strategic reserve haven’t been hashed out by lawmakers yet. 

Speaking to Cointelegraph, Tim Ogilive, global head of institutional at crypto exchange Kraken, said at its core, establishing a strategic Bitcoin reserve is a “straightforward process.”

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Standard Chartered Shares 5-Year Bitcoin Forecast, Sees BTC at $500K by 2028

Bitcoin records 129% year-to-date gain seven months after halving

December 1, 2024 Coin Telegraph

Bitcoin

According to data from CryptQuant, there is currently less than 2.5 million Bitcoin available for purchase on digital asset exchanges.

Bitcoin (BTC) recorded a 129% year-to-date gain, primarily driven by the outcome of the 2024 United States Presidential election and the April 2024 halving event.

According to data from ICO Analytics, Bitcoin also experienced a 37% gain in November 2024. The ICO Analytics data measured monthly Bitcoin performance between 2011-2024 and revealed only three other years where Bitcoin experienced higher percentage gains for November.

These included 2013, with a staggering 459% gain, 2017 at 54%, and 2020, where Bitcoin recorded a 42% gain during the month.

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Standard Chartered Shares 5-Year Bitcoin Forecast, Sees BTC at $500K by 2028

Bitcoin toward $100K: Samson Mow predicts the ‘Omega candle’ era

November 29, 2024 Coin Telegraph

Bitcoin

Samson Mow reveals why Bitcoin’s $100,000 milestone could spark explosive growth and lead to "hyperbitcoinization.”

As Bitcoin (BTC) approaches the monumental $100,000 mark, the cryptocurrency world is abuzz with anticipation.

In an exclusive interview with Cointelegraph, Samson Mow, a leading Bitcoin advocate and CEO of JAN3, offers a bold outlook on what this benchmark means and what lies ahead. According to Mow, crossing $100,000 is more than just a milestone—it’s a launchpad for exponential growth.

“Post 100K, that’s when things start to heat up and accelerate,” says Mow. He explains that Bitcoin’s growth trajectory could shift dramatically, with price movements jumping from thousands to tens of thousands daily:

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Standard Chartered Shares 5-Year Bitcoin Forecast, Sees BTC at $500K by 2028

Bitcoin Technical Analysis: BTC Eyes 6-Digit Range Despite Resistance

November 29, 2024 Bitcoin.com

Bitcoin Price

In the last hour, bitcoin’s price is coasting along between $97,865 to $98,580 on Nov. 29, 2024, after a bullish rally that pushed the market cap to $1.95 trillion. The cryptocurrency’s technical indicators suggest a strong upward momentum across multiple timeframes, though significant resistance looms near the $100,000 mark. Bitcoin Bitcoin’s (BTC) 1-hour chart reveals […]

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Standard Chartered Shares 5-Year Bitcoin Forecast, Sees BTC at $500K by 2028

Bitcoin’s Thanksgiving Drama: 5 Years of Crashes, Comebacks, and Chaos

November 28, 2024 Bitcoin.com

Bitcoin

Thanksgiving is a fascinating period for bitcoin (BTC), often showcasing wild price swings and headline-grabbing moments. Feast or Famine in 2024? Bitcoin’s Thanksgiving History Leaves Investors Guessing Over the last five years, bitcoin’s holiday behavior has piqued the curiosity of investors and analysts. From dramatic tumbles to meteoric climbs, Thanksgiving has consistently spotlighted the currency’s […]

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Standard Chartered Shares 5-Year Bitcoin Forecast, Sees BTC at $500K by 2028

Bitcoin’s metrics suggest bull market is far from overvalued

November 27, 2024 Coin Telegraph

Bear

Despite recent price corrections, Bitcoin's valuation metrics still indicate a bull cycle ahead. 

Bitcoin’s valuation metrics suggest the bull market is far from over and could be setting the stage for even further highs. With no signs of overvaluation typically seen at price peaks, analysts are eyeing a current potential target of $146,000 in this cycle. 

In a Nov. 27 report, research firm CryptoQuant notes that the value held by new Bitcoin (BTC) holders still lags behind previous cycle levels. Holdings of new investors currently sit just above 50% of the total invested in the cryptocurrency, while in previous market tops, such as 2017 and 2021, it was at over 90% and 80%, respectively. 

New investors’ holdings value is below previous bull cycles. Source: CryptoQuant

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Standard Chartered Shares 5-Year Bitcoin Forecast, Sees BTC at $500K by 2028

Rising Peaks and Waning Steam—Is Bitcoin’s $100K Milestone Out of Reach?

November 26, 2024 Bitcoin.com

Bitcoin Price

Bitcoin (BTC) recently brushed the $99,800 mark, making it tantalizingly close to the elusive $100,000 milestone. This achievement sparks reflection on past trends and the cryptocurrency’s potential trajectory in the months and years ahead. Breaking Barriers or Cooling Down? Bitcoin’s $100K Struggle Back in 2017, bitcoin (BTC) approached $20,000, peaking between $19,475 and $19,695 but […]

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Standard Chartered Shares 5-Year Bitcoin Forecast, Sees BTC at $500K by 2028

Bitcoin Technical Analysis: BTC Posts the Largest Bearish Daily Candle in Months

November 26, 2024 Bitcoin.com

Bitcoin

Bitcoin’s price movements on Nov. 26, 2024, paint a clear picture of bearish momentum in the short- and mid-term, with a pivotal support zone at $92,000 under close scrutiny. Bitcoin On the 1-hour chart, bitcoin‘s descent is evident, marked by a consistent pattern of lower highs and lows. A bold red candlestick sliced through the […]

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Standard Chartered Shares 5-Year Bitcoin Forecast, Sees BTC at $500K by 2028

Bitcoin price slips to $93K as liquidations soar and long-term BTC holders take profit

November 26, 2024 Coin Telegraph

Bitcoin Price

Long liquidations and profit-taking from long-term Bitcoin holders are the primary factors in today’s sell-off. When will the dip buyers show up?

Bitcoin’s quest for $100,000 hit an impasse as sellers took control and pushed BTC price under $93,000. Margin traders sitting in long positions saw heavy losses as the total crypto market liquidations on the buy side reached $337.6 million over the past 24 hours.

Crypto market liquidations. Source: CoinGlass

Proof of the liquidations-driven sell-off can be seen in the chart below depicting volume-by-side data for major centralized exchanges and showing heavy selling at exchanges offering perpetual futures trading.  

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Standard Chartered Shares 5-Year Bitcoin Forecast, Sees BTC at $500K by 2028