Van Eck reissues $180K Bitcoin price target for current market cycle

November 23, 2024 Coin Telegraph

Bitcoin

Van Eck says BTC can reach a price of $180,000 this cycle but warned that elevated funding rates could be showing early signs of "overheating."

Global investment manager Van Eck has reissued its $180,000 price target for Bitcoin at the peak of the current cycle.

In its latest Bitcoin report on Nov. 21, Van Eck digital asset analysts Nathan Frankovitz and Matthe Sigel said the next phase of the crypto bull market is only “just beginning.”

They predicted that an increasingly friendly regulatory environment in the United States and growing institutional interest could catapult Bitcoin (BTC) to a price of $180,000 within the next 18 months.

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Bitcoin could end year at $58K as futures market ‘overheated’ — CryptoQuant

November 11, 2024 Coin Telegraph

Bitcoin

CryptoQuant CEO Ki Young Ju tips Bitcoin to finish the year at $58,974 but another analyst disagrees, saying a major pullback is unlikely.

CryptoQuant CEO Ki Young Ju believes Bitcoin could end the year at just under $59,000, citing an overheated futures market as one of the primary reasons for an end-of-year tumble.

In a Nov. 9 post to X, Ki said he expects Bitcoin to close the year at $58,974 and asked others on social media to speculate on what their thoughts on the yearly close would be, adding that he’d pay 0.1 BTC to the person with the closest answer.

“I expected corrections as BTC futures market indicators overheated, but we’re entering price discovery, and the market is heating up even more,” Ki said.

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Bitcoin Google search spike after Trump victory signals retail investor interest

November 8, 2024 Coin Telegraph

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Trump’s election win sparked a surge in searches, indicating increased retail investor interest in the digital asset.

Since the victory of United States President-elect Donald Trump, interest in cryptocurrency has spiked, with Bitcoin surging to all-time highs as his campaign promised to support the crypto industry.

Market observers say the spike in search interest and inflows suggest renewed interest among retail investors and a potential wave of new buyers ready to enter the crypto market.

Ryan Chow, co-founder and CEO of Bitcoin (BTC) staking platform Solv Protocol, told Cointelegraph that Trump’s victory is a “major catalyst for launching the next bull market.”

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BlackRock Bitcoin ETF sees ‘biggest volume day ever’ with $4.1B traded

November 7, 2024 Coin Telegraph

<div>BlackRock Bitcoin ETF sees 'biggest volume day ever' with .1B traded</div>

bitcoin election

BlackRock Bitcoin ETF saw its largest day of trading activity following Donald Trump’s reelection as the president of the United States.

BlackRock’s Bitcoin exchange-traded fund (ETF) witnessed a record day of trading after Donald Trump’s victory in the United States presidential election.

In a Nov. 6 post to X, Bloomberg ETF analyst Eric Balchunas shared that the iShares Bitcoin Trust (IBIT) witnessed its “biggest volume day ever” with over $4.1 billion in daily trading volume on Nov. 6.

“For context that’s more volume than stocks like Berkshire, Netflix, or Visa saw today. It was also up 10%, its second-best day since launching, “ added Balchunas.

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Bitcoin to move 10% ‘either direction’ depending on US election: Trader

November 4, 2024 Coin Telegraph

Bitcoin

Crypto investors should prepare for even more volatility around the US election, with “at least” a 10% move foreseen for Bitcoin.

The price of Bitcoin could swing at least 10% depending on which United States presidential candidate wins the election on Nov. 5, according to a trader, as Bitcoin volatility recently jumped to its highest point in three months.

In a Nov. 4 post, pseudonymous trader Daan Crypto Trades told his 389,000 X followers that Bitcoin’s (BTC) weekly close didn’t look “the cleanest” but this wouldn’t matter too much with the election looming.

He said there was a good possibility Bitcoin will see “at least a 10% move in either direction depending on who wins the election.

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‘Crypto President High Tops’ — Trump Reveals Limited Edition Bitcoin Sneakers

July 31, 2024 Bitcoin.com

autographed

Former U.S. President Donald Trump announced through a recent post on Truth Social that he is launching a line of Bitcoin-themed sneakers. “Just spoke at the Bitcoin Conference in Nashville, Tennessee on Saturday. It was GREAT! Get your Bitcoin Sneakers now. These are Limited Edition, they are each numbered, and you can now pay with […]

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Bitcoin reclaims $62K, analysts say worst is ‘likely behind us’

July 15, 2024 Coin Telegraph

Bitcoin

With Germany’s “forced selling” over and Mt. Gox repayments all but priced in, analysts look to an easing macro environment as a driver for Bitcoin’s price in the coming months.

The price of Bitcoin has reclaimed ground above the $62,000 mark, and analysts say the worst of the selling could be over with German BTC sales over and Mt. Gox payments all but priced in.

Bitcoin (BTC) has rallied 5.2% in the last 24 hours, bouncing off two-month lows of $53,500 on July 4, and is currently changing hands for $62,550, per TradingView data.

Ben Simpson, the founder of crypto education platform Collective Shift told Cointelegraph that he believed Bitcoin’s “local bottom” had now been formed and believes BTC is now headed for an uptrend.

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