Author: NBTC
The price of BTC has dropped in recent days, and there are already those who fear that it is a true and proper collapse of Bitcoin. To tell the truth, only the incompetent can believe that what is happening is a real collapse, but unfortunately, there are many incompetents who pontificate about the trend of Bitcoin. The apparent collapse of the price of Bitcoin The correction The BTC price forecasts The apparent collapse of the price of Bitcoin Last Friday, November 22, 2024, the price of Bitcoin reached a new all-time high above $99,600. Many thought it was ready to…
Ripple chief executive officer Brad Garlinghouse has marked the recent astonishing price growth by reposting an ultra-bullish message about XRP. “XRP trading is on fire” Garlinghouse has retweeted an X post published by Austin Reid, the global head of revenue & business at crypto brokerage firm FalconX, according to his X bio. “XRP trading is on fire,” he tweeted that his company has recorded “10x growth in volume between the first and second halves of Q4.” Reid believes that this is not just a reaction to the massive retail investor activity but rather “institutions are driving the momentum.” Over the…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week-plus—this is an extended edition due to the holidays—along with a few other tidbits…
In a recent statement, founder and CEO of Pantera Capital Dan Morehead predicts that Bitcoin’s price could eventually reach $740,000, Bloomberg reported. Morehead’s prediction is grounded in several key factors that he believes might drive Bitcoin’s price to new highs. One of the key drivers is the changing regulatory landscape. Morehead notes that the 15-year regulatory headwinds that have previously hampered Bitcoin are now turning into tailwinds. “People totally thought we were crazy in 2013,” Morehead remarked in an interview, alluding to the founding of Pantera Capital Management’s Bitcoin fund more than 11 years ago. “There are still a lot…
After preparing its largest monthly dump to date in November, Ripple is back to its usual selling activities in December. On Sunday evening, the company reserved 200 million XRP from this month’s 1 billion unlock, ready to offload. As Finbold reported, Ripple unlocked December’s tokens in three escrows from two known XRP accounts under the company’s control. Ripple (24) unlocked 200 million and 300 million XRP, sending the lower amount to Ripple (1), the company’s treasury account. Then, Ripple (24) sent the 300 million tokens to Ripple (12), locking it in another escrow with finality for 2028. Meanwhile, Ripple (25)…
Pantera Bitcoin Fund, one of the earliest Bitcoin-focused investment funds, has reached an extraordinary milestone with 1,000x returns, representing a lifetime gain of over 131,000%. In a blockchain letter shared on Pantera Capital’s website, Dan Morehead, Pantera Capital’s CEO, reflected on the fund’s success. He projected that Bitcoin could reach $740,000 by 2028, which would equate to a market cap of $15 trillion—an achievable figure within the context of $500 trillion in global financial assets. Morehead highlighted Bitcoin’s trajectory of achieving three orders of magnitude growth so far and suggested another order of magnitude is plausible. He also credited institutional…
Ah, Bitcoin—a digital enigma that dances between brilliance and bafflement, much like a British summer deciding whether to rain or shine. As we teeter on the brink of the $100,000 milestone, it’s impossible not to cast our minds back to the late John McAfee: antivirus mogul, libertarian firebrand, and a man whose eccentricity made the Mad Hatter look like an accountant. In the distant, carefree days of 2017—when masks were for surgeons and Zoom was just an onomatopoeia—McAfee made a proclamation that would make even Nostradamus raise an eyebrow. He boldly wagered that Bitcoin would soar to $500,000 within three…
Justin Sun, founder of TRON (TRX) ignited a new wave of speculation with a recent tweet. In the cryptic tweet, he hinted about a big move, where TRON could make TRX version of MicroStrategy. The tweet reads: Justin Sun Cryptic Post mentioning MicroStrategy (Source: X Post) Justin Sun Sets X on Fire Sun’s tweet quickly gained attraction and gave rise to many speculations within the crypto community. The mention of MicroStrategy, a company known for its massive Bitcoin Holdings, has led people to speculate if TRON could soon adopt the same strategy and create a TRX reserve by accumulating TRX…
A South Korean lawmaker has proposed an amendment to better protect users of virtual assets in the country. Kim Hyun-jung, a member of the Democratic Party of Korea (DPK), therefore proposed a change to the Virtual Asset User Protection Act. It aims to increase transparency and accountability in the country’s growing virtual asset market. This action comes as the crypto market grows in South Korea, with financial institutions moving into the digital asset space. The amendment seeks to improve communication between virtual asset service providers (VASPs) and the Financial Services Commission (FSC). If passed, VASPs must immediately report any incidents…
Bitcoin (BTC) has retreated further from the highly anticipated $100,000 milestone, raising questions about the asset’s sustainability of the current bull run. The maiden cryptocurrency has plunged over 5% in the last 24 hours, trading at $91,950 as of press time. On the weekly timeframe, BTC has corrected by a modest 0.13%, with the $90,000 level remaining a key support zone to watch. A drop below this spot could signal further losses as the post-election momentum appears to be fading. This short-term correction is partly tied to the behavior of long-term holders and the inflows around Bitcoin spot exchange-traded funds…