Bitcoin (BTC) surged to an unprecedented peak this Monday, hitting $72,710.68, as per data from CoinGecko. Holding firm above the $70,000 mark, The price of BTC in the stock market has surpassed a daily close of $72,000.
Rekt Capital, a trader on X (previously Twitter), notes that each time Bitcoin surpasses its previous all-time high, it heralds the onset of a bull market, typically followed by a peak within the subsequent 266 to 315 days.
"Bitcoin reached a new all-time high last week. Next Bull Market peak may thus occur in 266-315 days. That’s December 2024 or February 2025," they stated.
Eric Balchunas, an ETF analyst at Bloomberg, noted the remarkable performance of the first two months of trading for the 10 BTC exchange-traded funds (ETFs) in the US. These ETFs now boast over $55 billion in assets and a trading volume of $110 billion, a feat Balchunas finds astonishing for just an eight-week period.
Balchunas highlighted that BlackRock's IBIT and Fidelity's FBTC rank as the third and fourth-largest ETFs by year-to-date flows, showcasing significant investor interest.
MicroStrategy made waves by announcing the purchase of an additional 12,000 BTC at an average price of $68,477, further bolstering its substantial BTC holdings to 205,000.
Luxury brands and businesses like Printemps, S.T. Dupont, and Virgin Voyages are now accepting Bitcoin as payment, driven by its record value of over $108,000. This shift highlights growing interest in cryptocurrency for high-end purchases despite challenges like consumer education and regulatory barriers.
WeatherlyMicrosoft shareholders overwhelmingly rejected a proposal to add Bitcoin to the company's balance sheet, with only 0.55% in support. The board expressed concerns about Bitcoin's volatility, despite acknowledging its potential as an inflation hedge.
WeatherlyEl Salvador and Argentina have signed an agreement to collaborate on cryptocurrency regulation and innovation in Latin America. The deal aims to share expertise, boost crypto growth, and strengthen the regulatory framework for digital assets in both countries.
AnaisFormer Binance CEO Changpeng “CZ” Zhao Predicts China could beat the United States of America at building a Strategic Bitcoin Reserve.
XingChiBinance has not yet decided on its new global headquarters due to complexities like tax laws and talent acquisition challenges. Legal troubles, including Changpeng Zhao's legal issues and a $4.3 billion fine, have led Binance to restructure its leadership and adopt better governance strategies.
WeatherlyBilly Markus, the founder of Dogecoin, recently shared regret about selling 37.37 bitcoins in 2015 for $424,152.54 — a decision that would now be worth over $368 million. Despite stepping away from Dogecoin in 2015, Markus reflects on its impact as a cultural icon while highlighting its true value lies in its community and shared ideals, not just market performance.
WeatherlyBitcoin has reached a new all-time high, surpassing $100,000, while CZ remains unaffected by the surge, holding onto the same amount of Bitcoin. Binance Coin (BNB) also hit a record high, but CZ’s focus remains on Bitcoin’s long-term value rather than its fluctuating price.
WeatherlyMeitu sold its entire crypto portfolio, making nearly $80 million just before bitcoin’s surge above $100,000. The company plans to distribute 80% of the gains to shareholders and refocus on its AI-driven apps.
AnaisBitcoin surpassed $100,000 on 5 December, driven by growing optimism following Trump’s pro-crypto appointments, including Paul Atkins for SEC Chair. This milestone signals investor confidence in a crypto-friendly future under Trump’s upcoming administration, which takes office on 20 January 2025.
JoyBitcoin hit a new all-time high today, surpassing $103,000, driven by strong market sentiment, especially after Donald Trump’s election victory. The cryptocurrency has surged 126% since the start of 2024. Could 2025 be an even stronger year for Bitcoin?
KikyoTraders and market analysts are divided over Bitcoin’s next potential macro top, with more optimistic predictions suggesting it could reach $120,000. Can Bitcoin break above the $71,500 mark on a weekly close?
JinseFinanceMay 22 is "Bitcoin Pizza Day," commemorating the historic event in 2010 when 10,000 bitcoins were used to purchase two Papa John's pizzas. From $41 worth of pizza to $700 million in wealth, Bitcoin's price surge over the past 15 years has proven it to be the best-performing financial asset in history.
MiyukiMicroStrategy, led by CEO Michael Saylor, acquires 12,000 BTC at $68,477 each, totaling 205,000 BTC worth $6.91 billion, surpassing BlackRock's holdings. Strategic investment coincides with Bitcoin's all-time high, signaling institutional adoption.
Xu LinBitcoin's price has been soaring since its launch in 2008. Early investors are now reaping returns in the millions of dollars. Nevertheless, its volatility and regulatory uncertainty remain significant risks for investors.
BerniceA trader turned $900 into $3.47 million in five days by trading Solana's meme token ANALOS, achieving a profit over 3,800 times their initial investment.
AlexMATIC, the native cryptocurrency of Polygon, has recently gained traction, showing a 50% increase in price surge in the last 20 days, amid the optimistic trend circling the cryptocurrency market due to the recently finished Uptober rally.
BitcoinworldWhile Bitcoin fell below $20k today, Ethereum managed to keep support around the $1,300 mark.
NulltxAccording to Breedlove, his model places Bitcoin to trade at $12.5 million by 2031, a value equivalent to $1 million based on today’s purchasing power.
FinboldThe top cryptocurrency by market value rose over 5% to $20,350, according to CoinDesk data.
CoindeskThe U.S. dollar index could rally further in the coming weeks, which is typically bad news for Bitcoin.
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