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of bitcoin price While they may have taken a hit in recent days, analysts at Bernstein still believe the major cryptocurrencies have plenty of room to grow over the next year or so.In a report released by the global investment firm on Wednesday, analysts Gautam Chughani, Mahika Sapura and Sanskar Chindariya said: biggest digital coin It will reach $200,000 by the end of 2025. And that, they said, was “conservative.”“With accelerating institutional adoption, Bitcoin is expected to triple from here, reaching a cycle-high price of $200,000 by the end of 2025,” the report said. Bitcoin is currently trading at just…
figure: Chen Wenjing (Getty Images)in this storyThe virtual currency market is in a slump, This closely reflects the decline in the stock market. On Wednesday, Bitcoin saw a significant drop of more than 2.5% over the past 24 hours, with the price hovering around $65,000. This decrease results in Hopes of breaking the $70,000 threshold that gained momentum just a week ago have been dashed. This downward trajectory highlights the increasing volatility of the crypto market and highlights the interconnectedness between cryptocurrencies and traditional financial markets.Stock market's 'fear index' expected to spike ahead of election, strategist saysBitcoin's decline can be…
Professional Capital Management founder Anthony Pompliano explains why Wall Street is thinking too much about the crypto space on “The Big Money Show.” A new pro-crypto political action committee backed by three of the largest U.S. Bitcoin mining companies is promoting a small number of pro-crypto politicians in a digital ad campaign that favors candidates who support their livelihoods. We hope to advance the election in an advantageous manner. It's a $2 trillion industry, FOX Business has learned. This week, Bitcoin Voter PAC, the spending arm of digital coin advocacy group Bitcoin Voter Project, launched a campaign in Pennsylvania and…
Among stablecoins, USDT (Tether) provides stability by being pegged to the US dollar, while Monero (XMR) provides privacy and anonymity. The cryptocurrency market offers a variety of assets that serve different needs. USDT (Tether) provides stability by being pegged to the US dollar, while Monero (XMR) provides privacy and anonymity. Converting USDT to XMR is a popular practice for those who want to move from stablecoins to privacy-centric cryptocurrencies, especially to protect their financial transactions. For a smooth conversion, use a reliable platform like USDT to XMR. Why convert USDT to XMR? USDT is ideal for traders who want to…
Cryptocurrency remains a low priority for male voters across all age groups, a new survey finds. what happened: The study, conducted by Blueprint, found that despite the rise of digital assets in financial markets, men aged 18 to 29 place far more emphasis on traditional issues such as inflation, employment, the economy, corruption and crime. , virtual currency has been shown to be one of those three. The least important concern to these voters. “Younger male voters are more pessimistic about America and its political system than older male voters, but their priorities are still fairly traditional.” evan ross smithBlueprint's…
Data shows that Bitcoin sentiment has been on the brink of extreme greed lately, but investors don't seem ready to buy into the hype yet. Bitcoin’s Fear and Greed Index now points to “greed” “Fear & Greed Index” refers to an index created by Alternatives that tells us about the general sentiment of investors in Bitcoin and the broader crypto sector. This index calculates sentiment as a number between 0 and 100. This calculation uses data from five factors: volatility, trading volume, social media sentiment, market cap dominance, and Google Trends. A value of this indicator greater than 53 means…
Cover image (from U.Today) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. MicroStrategy co-founder and executive chairman Michael Saylor has once again upset the crypto community with his latest statement.…
self If you've ever invested in cryptocurrencies, you probably know the harsh reality of watching the market plummet right before your eyes. However, depending on your portfolio, there may be a silver lining to this market downturn. Virtual currency tax loss recovery You could potentially save thousands or even millions of dollars in taxes. Cryptocurrency tax loss harvesting is a way to avoid capital gains tax without it It will damage your portfolio. If you realize enough losses, you can also offset future capital gains. Here's what you need to know about this powerful money-saving strategy. What is virtual currency…
Bitcoin, Ethereum, and XRP fell nearly 2% as expectations for the upcoming US presidential election rose. Chainlink and SWIFT announce blockchain integration to simplify payments for financial institutions. Ripple and IBM will collaborate for secure storage of tokens on the company's crypto trading platform. Bitcoin, Ethereum, XRP updates Bitcoin was trading at $66,476 early Wednesday morning. As the end of the month approaches, the largest cryptocurrency is nearly 11% away from its all-time high of $73,777. Historically, BTC has ended October on a positive note, with month-over-month gains for holders. Ethereum traded at $2,575 on the day, down nearly 2%.…
On-chain data shows that the 7-day average Bitcoin mining hashrate witnessed a new spike and hit a new all-time high (ATH). Bitcoin mining hashrate has recently observed a sharp increase According to data from Blockchain.com, the 7-day average of BTC mining hash rate has recently observed an increase. “Mining hash rate” here refers to a metric that tracks the total amount of computing power that Bitcoin miners have connected to the blockchain. The BTC network runs on a consensus system based on Proof-of-Work (PoW), where miners utilize this computing power to solve mathematical problems. However, this entire power pool does…