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Bitcoin’s Resilient Surge: Bulls Regain Control as Whales, Derivatives Traders Signal Strong Optimism
Bitcoin

Bitcoin’s Resilient Surge: Bulls Regain Control as Whales, Derivatives Traders Signal Strong Optimism

In the past 24 hours, Bitcoin (BTC) has reclaimed its bullish strength, marking a 2.47% rise and revisiting the $38,000 milestone, according to data from CoinMarketCap. Despite a brief pullback to $37,912 as of the latest update, the cryptocurrency's upward momentum suggests growing odds of a breakout. Read Also: Solana (SOL) Rockets to New Highs Amidst Memecoin Frenzy and Broader Crypto Market Surge Derivatives Traders Drive Momentum This resurgence in Bitcoin's price is accompanied by a notable increase in speculative activity among derivatives traders. Open Interest (OI) in BTC futures and perpetual futures contracts has surged by 4.22% in the last 24 hours, as revealed by Coinalyze data. The simultaneous rise in both price and Open Interest is often indicative of a strengthening b...
Bitcoin Achieves New All-Time High in Argentina, Surpassing 10 Million Argentinian Pesos
Bitcoin

Bitcoin Achieves New All-Time High in Argentina, Surpassing 10 Million Argentinian Pesos

In a groundbreaking development for the world of cryptocurrencies, Bitcoin has reached a new all-time high (ATH) in Argentina, with its value soaring past an impressive milestone of 10 million Argentinian pesos. This remarkable achievement has sent shockwaves through both the global cryptocurrency community and Argentina's financial landscape. https://twitter.com/BitcoinNewsCom/status/1691181953272197120 Bitcoin hits ATH in Argentina Bitcoin enthusiasts and financial experts alike have closely monitored the cryptocurrency's performance in various regions, but the recent surge in Argentina's Bitcoin market has garnered significant attention. This substantial price increase signifies the growing importance of cryptocurrencies as an alternative financial asset, particularly in countries ...
Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip
Bitcoin

Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip

In a recent interview with crypto influencer Scott Melker, Bloomberg Intelligence's senior macro strategist, Mike McGlone, reaffirmed his long-term prediction of Bitcoin (BTC) reaching $100,000. However, he cautioned that the cryptocurrency could experience a significant dip before achieving that milestone. McGlone emphasized that he initially made the call for Bitcoin to reach $100,000 when it was trading below $20,000. While he remains confident in the six-figure price target for the long term, he believes it is more likely for Bitcoin to undergo a 50% correction and fall to the $20,000 level or even establish a new low before embarking on a parabolic trajectory. Read Also: Binance Heeds LUNC Rebel's Call for More Trading Pairs on LUNC To support his forecast, McGlone pointed to...
Grayscale CEO Believes Approval of Spot Bitcoin ETF by SEC Imminent
Bitcoin

Grayscale CEO Believes Approval of Spot Bitcoin ETF by SEC Imminent

In a recent tweet that sparked excitement within the cryptocurrency community, the CEO of Grayscale Investments, Michael Sonnenshein, expressed his confidence in the eventual approval of a spot Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Sonnenshein's tweet read, "It's a matter of when, it's not a matter of if" a spot #Bitcoin ETF gets approved by the SEC, igniting speculation about the future of cryptocurrency investment. https://twitter.com/BitcoinMagazine/status/1679176669108617230 The announcement by the influential CEO, whose firm manages the world's largest Bitcoin investment trust, comes after years of attempts by various entities to gain regulatory approval for a Bitcoin ETF. The SEC has historically been cautious about approving s...
Renowned Author of “Rich Dad, Poor Dad” Predicts the Demise of the US Dollar, Foresees Bitcoin Surging to $120,000 Next Year.
Bitcoin

Renowned Author of “Rich Dad, Poor Dad” Predicts the Demise of the US Dollar, Foresees Bitcoin Surging to $120,000 Next Year.

In a recent tweet that has sent shockwaves through the financial world, renowned author and financial educator Robert Kiyosaki, best known for his book "Rich Dad, Poor Dad," boldly declared the imminent demise of the US dollar and predicted a substantial rise in the value of Bitcoin in the coming year. Kiyosaki's tweet, which states, "US dollar will die. Bitcoin to $120k next year," has ignited both excitement and scepticism among investors and experts alike. Read Also: Former SEC Chairman Praises Institutional Interest in Bitcoin as "Remarkable" https://twitter.com/BitcoinMagazine/status/1678733049691885569 Kiyosaki's status as a prominent figure in the financial sector lends weight to his statements, as his books and teachings have influenced countless individuals seeking financ...
BitPoint Japan To List Shiba Inu by Nov. 30th, He Launches Four Different Campaigns Ahead Of The Listing: Check It Out
Shiba Inu

BitPoint Japan To List Shiba Inu by Nov. 30th, He Launches Four Different Campaigns Ahead Of The Listing: Check It Out

In a recent announcement shared by Japan’s Cryptocurrency exchange BitPoint Japan, it revealed that it would add support for Shiba Inu (SHIB) by the end of this month. The crypto exchange clearly stated that its support for the Shiba Inu will be announced and implemented by November 30th. Per the announcement; “We would like to inform you that from November 30, 2022, we will start handling the new crypto asset SHIB (Shiba Inu, ticker code SHIB),”  Read Also: Travala Launches An Offer For Shiba Inu Enthusiasts To Get A Free $25 Travel Credit The Japan-based support will be the first support from the exchange in that particular country that will be supporting the Shiba Inu although, the Shiba Inu pair hasn’t been specified yet. According to Crunchbase, BitPoint Japan was...