Bitcoin to Hit ‘Repeated All-Time Highs’ Over the Next Two Quarters: VanEckBitcoin’s price momentum is poised for historic highs over the next six months, according to VanEck’s head of digital assets research, Matthew Sigel. Positioned in “blue sky territory” without technical resistance, Bitcoin is predicted to surpass all-time highs, targeting a peak price of $180,000 by 2025. The cryptocurrency has seen a significant 30% rise since early November, and analysts anticipate further gains following the recent U.S. election results that favor pro-crypto sentiment.Why is Bitcoin’s rally significant now? With market dynamics aligning post-election, experts believe Bitcoin’s bullish trend may mirror previous election-cycle performances, setting up a potential record-breaking surge.“It is just getting started,” Sigel told CNBC’s Squawk Box on November 14. “We’re now in blue sky territory, no technical resistance, and we think we are likely to make repeated all-time highs over the next two quarters.” Bitcoin’s unprecedented rise since the U.S. elections has fueled optimism among crypto investors. Sigel highlighted that growing inquiries from investment advisors looking to gain or increase Bitcoin exposure signal an acceleration in demand. The rally, which began in early November, has seen Bitcoin reaching new highs, with the latest peak recorded at $93,490 on November 13, according to TradingView data. Although the rally slightly cooled on November 15, trading around $88,100, VanEck maintains its long-term projection, envisioning a remarkable increase.VanEck’s forecast is not without precedent. The investment manager sees parallels between the current trajectory and Bitcoin’s performance after the 2020 U.S. elections when the cryptocurrency doubled in value between November and year-end. Sigel stated that “a 1,000% return from the bottom to the peak of this cycle” is anticipated, marking it as Bitcoin’s smallest growth cycle. He noted that key indicators tracked by VanEck are “still flashing green,” supporting the continuation of this rally.Regarding public interest, Google Trends data shows a spike in “Bitcoin” searches starting from November, though not yet matching the peak levels of May 2021. Coinbase ranks highly on app stores, reflecting increased attention toward Bitcoin and other cryptocurrencies. The Coinbase app currently ranks first in the U.S. Apple App Store's finance category and fifth in Google Play’s finance apps.“The search volumes for Bitcoin and the popularity of crypto apps are climbing but remain far from their 2021 highs,” Sigel observed, indicating room for continued growth as awareness builds.Currently, Bitcoin trades around $88,100, with VanEck’s $180,000 target still on the horizon for 2025. Investors are advised to stay informed of market trends, as indicators remain strong for a sustained rally in the coming quarters.

BNB price struggled to clear the $665 resistance zone. The price is consolidating and might aim for a fresh increase above the $635 level. BNB price started a downside correction from the $665 resistance zone. The price is now trading below $640 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $620 on the hourly chart of the BNB/USD... source: https://www.newsbtc.com/analysis/bnb/bnb-price-takeoff-650/

Goldman Sachs has updated its forecast for the Bank of Canada's (BoC) December monetary policy meeting, now projecting a 50 basis point interest rate cut, up from the previously expected 25 basis points. This adjustment highlights mounting economic concerns in Canada, where sluggish GDP growth and a cooling labour market are prompting the central bank to adopt more aggressive measures.Growing Need for Economic SupportThe revised forecast follows the BoC’s recent 50 basis point reduction in October, which lowered the policy rate to 3.75%. Economic analysts suggest another significant cut in December could bring the rate closer to a neutral stance, potentially supporting a more stable economic environment without triggering further inflationary pressures.“Such a cut aligns the rate with the neutral range, offering a balanced approach to promote economic growth,” noted Goldman Sachs analysts. The firm believes a more aggressive rate cut reflects Canada's ongoing need to address economic challenges.Global Central Banks Embrace Easing MeasuresCanada’s projected move mirrors a global trend among central banks, including the U.S. Federal Reserve, which has similarly signaled potential rate cuts amid slowing economic activity and easing inflationary concerns. With inflation moderating in Canada and abroad, policymakers are keen to implement stimulus measures to avoid prolonged economic stagnation.Market analysts are monitoring central bank trends closely, as the BoC’s decision could serve as a bellwether for other economies. Reuters recently reported that major brokerages expect the U.S. Federal Reserve to follow suit, with a potential 25 basis point reduction expected in upcoming meetings.December Meeting: A Critical Moment for Canada’s Economic DirectionThe BoC’s December 11 policy meeting is shaping up to be pivotal, as market participants eagerly await confirmation of the central bank’s approach to stabilizing Canada’s economic landscape. Another substantial rate cut would signal a proactive stance on economic support, reflecting concerns about Canada’s medium-term economic health.With the potential for another 50 basis point reduction, the BoC aims to navigate a delicate balance between fostering growth and maintaining financial stability as Canada continues to recover from the pandemic’s long-term impacts.

Spot crypto ETFs in the US have seen outflows for the first time since Donald Trump was elected, as both Bitcoin and Ethereum fell on the day. source: https://cointelegraph.com/news/trump-trade-over-bitcoin-etfs-see-first-outflow-since-election?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The Federal Reserve Chairman Jerome Powell announced on November 14 that strong U.S. economic growth will allow policymakers to decide how fast to lower interest rates. Powell argues that the economy is not sending any signals that the Fed needs to be in any hurry to lower rates. source: https://www.cryptopolitan.com/federal-reserve-chair-says-fed-not-rush/

According to SoSoValue data, yesterday (November 14, Eastern Time), the total net outflow of Bitcoin spot ETFs was US$401 million. Yesterday, Grayscale ETF GBTC had a single-day net outflow of US$69.5908 million, and the current historical net outflow of GBTC is US$20.251 billion. Grayscale Bitcoin Mini Trust ETF BTC had a single-day net outflow of US$5.279 million, and the current historical total net inflow of Grayscale Bitcoin Mini Trust BTC is US$641 million. The Bitcoin spot ETF with the largest single-day net inflow yesterday was BlackRock ETF IBIT, with a single-day net inflow of US$127 million, and the current historical total net inflow of IBIT reached US$29.279 billion. The second is VanEck ETF HODL, with a single-day net inflow of $2.4963 million. The current total net inflow of HODL has reached $743 million. As of press time, the total net asset value of Bitcoin spot ETF is $92.557 billion, the ETF net asset ratio (market value to the total market value of Bitcoin) is 5.34%, and the historical cumulative net inflow has reached $27.829 billion.

Chris Williams, CEO of OpSec, a purported AI Cloud Security platform, announced that he and “the entire core team” resigned. Williams cited a recent investigation from ZachXBT, who claimed that OpSec was fraudulent. One user, Zopp0, simultaneously owned OpSec and several other projects and withheld critical information and even payment from Williams’ team. ZachXBT’s OpSec Investigation Chris... source: https://beincrypto.com/opsec-williams-resign-zachxbt-fraud/

According to SoSoValue data, yesterday (November 14, EST), the total net outflow of Ethereum spot ETFs was $3.2429 million. Yesterday, Grayscale Ethereum Trust ETF ETHE had a single-day net outflow of $21.9011 million, and the current historical net outflow of ETHE is $3.203 billion. Grayscale Ethereum Mini Trust ETF ETH had a single-day net outflow of $0.00, and the current historical total net inflow of Grayscale Ethereum Mini Trust ETH is $380 million. The Ethereum spot ETF with the largest single-day net inflow yesterday was BlackRock ETF ETHA, with a single-day net inflow of $18.8693 million, and the current historical total net inflow of ETHA reached $1.724 billion. The second is Invesco ETF QETH, with a single-day net inflow of US$929,000. Currently, QETH's total historical net inflow has reached US$29,069,100. As of press time, the total net asset value of Ethereum spot ETF is US$9.269 billion, the ETF net asset ratio (market value to Ethereum's total market value) is 2.48%, and the historical cumulative net inflow has reached US$238 million.

According to the monitoring of on-chain data analyst Ember, a whale address that deposited 32,416 ETH into the pledge last year may be preparing to take part of the profit. The address transferred 10,621 ETH (about 32.72 million US dollars) to Binance an hour and a half ago. These ETH were redeemed from the pledge by the address a few days ago. It is reported that the address withdrew ETH from Binance and pledged it at an average price of 1,877 US dollars last year. Now the price of ETH is 3,035 US dollars, and its floating profit is as high as 37.44 million US dollars (+61%). At present, the address still holds 22,859 ETH (about 69.15 million US dollars) in the pledge.

For her role in the theft and laundering of around 120,000 bitcoin, Razzlekhan will receive her sentence on Nov. 18. source: https://www.coindesk.com/policy/2024/11/15/razzlekhans-husband-gets-five-years-prison-sentence-for-bitfinex-hack/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Phantom users who were on the iOS system reported that their Phantom account has been totally wiped out after they downloaded the latest Phantom update.

This funding will serve as a strategic hedge against inflation and ensure Pennsylvania's economic future.

Polymarket successfully predicted that Trump would win the US election with a total trading volume of over $3 billion. The FBI may have suspected that the platform was manipulating the election market, so it raided the New York residence of Polymarket CEO Coplan.

This article explains in detail what is isomorphic binding and why the RGB++ protocol is considered extremely secure.

People thanked the wizard, saying that he saved the ACT, and the wizard called it a victory for the community. This is a Hollywood story of ordinary people fighting against a dragon.

Now, with the crypto industry’s victory, 18 U.S. states have filed a lawsuit against the SEC and its commissioners, accusing them of overstepping their authority and unfairly persecuting the crypto industry under the leadership of agency head Gary Gensler.

Golden Finance launches the 2509th issue of "Golden Morning 8:00", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

In a bull market, rational management, setting clear goals, diversifying investments, maintaining emotional discipline and a long-term perspective can help effectively control risks while maximizing returns.

Elon Musk has posted several times on Twitter about the pet squirrel, saying "President Donald Trump will save the squirrels" and "A squirrel and a meme coin saved America," and the topic has continued to be drawn into the political arena.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.