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Crazy cryptocurrency market! Analysts are betting that bitcoin will not experience a significant pullback until it reaches $150,000.
①Bitcoin's price has surged nearly 30% in the past seven days, breaking through $89,000 in the past 24 hours; ②Analysts predict that Bitcoin's price will continue to rise due to positive political momentum, social media hype, continued interest rate cuts, and the prospect of becoming a strategic reserve asset for the United States.
Bulls Are Eyeing Bitcoin's Next Target: $120K
The US dollar, bitcoin, and Tesla are surging! Investors are all in on the 'Trump trade'.
The 'Trump trade' is causing a new wave, the dollar hitting a more than four-month high, non-US currencies under pressure; Bitcoin is unstoppable, aiming for the milestone of 0.1 million US dollars before the end of the year; Tesla, since the election day, has seen an almost absurdly large rebound of 39%.
Bitcoin's surge has driven the total market value of cryptocurrencies to surpass the high point during the epidemic.
The record-breaking surge of bitcoin has pushed the price of this digital asset above $0.089 million and has propelled the total market value of the crypto market to over $3 trillion, surpassing the peak during the pandemic, with traders betting that elected President Trump will support the prosperity of cryptocurrencies.
Witness history! Bitcoin breaks through $89,000, cryptos concept stocks soar across the board.
Digital currencies started to surge fiercely over the weekend and continued to accelerate on Monday. The top digital currencies by market cap all skyrocketed. Ethereum and Solana both saw a cumulative increase of about 40% in the past 7 days, higher than Bitcoin's 31%. Dogecoin, supported by Musk, doubled in value over the week. Major Bitcoin holder MicroStrategy stated that it spent approximately $2.03 billion to buy around 0.0272 million bitcoins, marking the largest purchase since December 2020. Blackrock's Bitcoin ETF IBIT has an asset under management exceeding one of the largest gold ETFs, IAU.
TeraWulf Q3 2024 Earnings Preview
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