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"US CPI is the Main Concern, Experts Predict Bitcoin to Break Through $112,926"
US CPI data on December 11 is the key to the direction of the crypto market movement this week.
Bitcoin is predicted to break through $112,926, if market sentiment remains positive after the CPI announcement.
Based on today's Bitcoin predictions, altcoins will also follow the positive trend with a significant increase.
Crypto Market Awaits US Inflation Data on December 11
The United States Consumer Price Index (CPI) data to be released on Wednesday, December 11, is the main focus of the crypto market this week.
The chart shows Bitcoin is currently at $99,413 with a daily decline of 0.67%, reflecting the cautious mood of investors ahead of the CPI announcement.
The CPI data will provide an overview of the US inflation rate, which could affect the Fed's interest rate policy and, in turn, the digital asset market.
Experts Predict Bitcoin to Hit $112,926
Experts believe that Bitcoin could hit $112,926 if market sentiment remains positive after the CPI data release.
The chart shows that Bitcoin dropped to $98,657 in the last 24 hours before recovering, indicating that the $98,000-$100,000 level remains strong support.
If US inflation is lower than expected, the market could react with a surge in Bitcoin prices due to potential monetary policy easing.
Altcoins Also Rise on Positive Market Sentiment
Altcoins such as Ethereum and Solana are also expected to gain momentum if the CPI shows results that support the crypto market.
The chart shows that Bitcoin trading volume reached 17,121 BTC in the last 24 hours, indicating a lot of interest in the major market that could spread to altcoins.
Positive sentiment from Bitcoin usually leads to a rise in major altcoins, so investors are expected to monitor the overall market reaction.
#BecomeCreator #2024withBinance #BullRunš
US CPI data on December 11 is the key to the direction of the crypto market movement this week.
Bitcoin is predicted to break through $112,926, if market sentiment remains positive after the CPI announcement.
Based on today's Bitcoin predictions, altcoins will also follow the positive trend with a significant increase.
Crypto Market Awaits US Inflation Data on December 11
The United States Consumer Price Index (CPI) data to be released on Wednesday, December 11, is the main focus of the crypto market this week.
The chart shows Bitcoin is currently at $99,413 with a daily decline of 0.67%, reflecting the cautious mood of investors ahead of the CPI announcement.
The CPI data will provide an overview of the US inflation rate, which could affect the Fed's interest rate policy and, in turn, the digital asset market.
Experts Predict Bitcoin to Hit $112,926
Experts believe that Bitcoin could hit $112,926 if market sentiment remains positive after the CPI data release.
The chart shows that Bitcoin dropped to $98,657 in the last 24 hours before recovering, indicating that the $98,000-$100,000 level remains strong support.
If US inflation is lower than expected, the market could react with a surge in Bitcoin prices due to potential monetary policy easing.
Altcoins Also Rise on Positive Market Sentiment
Altcoins such as Ethereum and Solana are also expected to gain momentum if the CPI shows results that support the crypto market.
The chart shows that Bitcoin trading volume reached 17,121 BTC in the last 24 hours, indicating a lot of interest in the major market that could spread to altcoins.
Positive sentiment from Bitcoin usually leads to a rise in major altcoins, so investors are expected to monitor the overall market reaction.
#BecomeCreator #2024withBinance #BullRunš
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Trump said Atkins, CEO and founder of Patomak Global Partners and a former SEC commissioner, is a proven leader for sensible regulation.
"He also recognizes that digital assets and other innovations are critical to Making America Greater Than Ever," Trump said on Truth Social.
Investor optimism for crypto-friendly policies grew last month after the SEC announced Chairman Gary Gensler would step down on Jan. 20, the president-elect's Inauguration Day.
Gensler led a crackdown on the industry during his tenure at the SEC. Wall Street had anticipated his successor would pursue less regulation around crypto.
Bitcoin briefly hit a new record high on Thursday, Dec. 5, 2024, breaking through a price of $103,000 or equivalent to Rp1.63 billion (assuming an exchange rate of Rp15,865 per US dollar).
Responding to this increase, Tokocrypto CMO, Wan Iqbal said that the increase in Bitcoin prices exceeding USD 100,000 is an important milestone in the journey of this digital asset, reflecting the growing confidence in Bitcoin as a major asset class.
Iqbal said that this price surge was driven by several key factors. The first factor is the reduction in Bitcoin supply through the halving process reducing rewards for miners, creating a scarcity of supply that triggers buying pressure.
In addition, an extraordinary large inflow of institutional funds of more than USD 31 billion in net inflows was recorded in Bitcoin ETFs in the US, indicating that Bitcoin is increasingly accepted as a safe long-term investment asset.
#BecomeCreator #2024withBinance #CryptoExplorerFiesta $BTC
"He also recognizes that digital assets and other innovations are critical to Making America Greater Than Ever," Trump said on Truth Social.
Investor optimism for crypto-friendly policies grew last month after the SEC announced Chairman Gary Gensler would step down on Jan. 20, the president-elect's Inauguration Day.
Gensler led a crackdown on the industry during his tenure at the SEC. Wall Street had anticipated his successor would pursue less regulation around crypto.
Bitcoin briefly hit a new record high on Thursday, Dec. 5, 2024, breaking through a price of $103,000 or equivalent to Rp1.63 billion (assuming an exchange rate of Rp15,865 per US dollar).
Responding to this increase, Tokocrypto CMO, Wan Iqbal said that the increase in Bitcoin prices exceeding USD 100,000 is an important milestone in the journey of this digital asset, reflecting the growing confidence in Bitcoin as a major asset class.
Iqbal said that this price surge was driven by several key factors. The first factor is the reduction in Bitcoin supply through the halving process reducing rewards for miners, creating a scarcity of supply that triggers buying pressure.
In addition, an extraordinary large inflow of institutional funds of more than USD 31 billion in net inflows was recorded in Bitcoin ETFs in the US, indicating that Bitcoin is increasingly accepted as a safe long-term investment asset.
#BecomeCreator #2024withBinance #CryptoExplorerFiesta $BTC
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Powell dismissed suggestions that Bitcoin undermines the Federal Reserve or the strength of the US dollar, noting that Bitcoin is not used as a primary form of payment or as a reliable store of value due to its high volatility.
When asked about the potential for a national Bitcoin reserve, Powell emphasized the Federal Reserve's goal of keeping the banking system safe and sound.
Powell said that potential interactions between the cryptocurrency ecosystem and the traditional financial banking system should not threaten the health of the traditional banking system, Powell said.
He further pointed out that it is not the Federal Reserve's responsibility to regulate the cryptocurrency industry. When asked if he himself owns Bitcoin, Powell said he is not allowed to own any.
Powell also discussed the state of the US economy, saying it is in very good shape. Powell attributed this strength to stable growth and declining inflation.
Previously, Bitcoin had hit a new record high on Thursday, December 5, 2024, breaking through a price of USD 103,000 or equivalent to IDR 1.63 billion (assuming an exchange rate of IDR 15,865 per US dollar). Bitcoin has strengthened more than 40 percent since Donald Trump's victory in the US election in November.
Trump took to his social media platform Truth Social on Thursday to congratulate crypto investors on Bitcoin's recent surge above $100,000.
"Congratulations Bitcoin fans, $100,000. Together, we will make America great again," Donald Trump said on his social media platform Truth Social, as quoted by Yahoo Finance, Friday (6/12/2024).
The token's latest surge comes after Trump picked Paul Atkins to head the U.S. Securities and Exchange Commission (SEC). Atkins is seen as a crypto-friendly choice for the position.
#BecomeCreator #2024withBinance #BullRun2024 $BTC
When asked about the potential for a national Bitcoin reserve, Powell emphasized the Federal Reserve's goal of keeping the banking system safe and sound.
Powell said that potential interactions between the cryptocurrency ecosystem and the traditional financial banking system should not threaten the health of the traditional banking system, Powell said.
He further pointed out that it is not the Federal Reserve's responsibility to regulate the cryptocurrency industry. When asked if he himself owns Bitcoin, Powell said he is not allowed to own any.
Powell also discussed the state of the US economy, saying it is in very good shape. Powell attributed this strength to stable growth and declining inflation.
Previously, Bitcoin had hit a new record high on Thursday, December 5, 2024, breaking through a price of USD 103,000 or equivalent to IDR 1.63 billion (assuming an exchange rate of IDR 15,865 per US dollar). Bitcoin has strengthened more than 40 percent since Donald Trump's victory in the US election in November.
Trump took to his social media platform Truth Social on Thursday to congratulate crypto investors on Bitcoin's recent surge above $100,000.
"Congratulations Bitcoin fans, $100,000. Together, we will make America great again," Donald Trump said on his social media platform Truth Social, as quoted by Yahoo Finance, Friday (6/12/2024).
The token's latest surge comes after Trump picked Paul Atkins to head the U.S. Securities and Exchange Commission (SEC). Atkins is seen as a crypto-friendly choice for the position.
#BecomeCreator #2024withBinance #BullRun2024 $BTC
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#BecomeCreator Meanwhile, Ethereum (ETH) was recorded to have strengthened by 4.09 percent in the last day and 13.07 percent in a week. Currently, Ethereum is trading at a price of USD 4,052.95 or around IDR 63.23 million per coin. Binance Coin (BNB) strengthened by 1.54 percent in the last 24 hours and rose by 12.59 percent in a week.
Binance is trading at USD 741.49 or around IDR 11.57 million per coin. Cardano (ADA) slightly weakened by 0.57 percent in the last 24 hours, but showed a significant increase of 16.78 percent over the week. Currently, ADA is trading at USD 1.22 or around IDR 19,032.
Meanwhile, Solana (SOL) rose slightly by 0.64 percent in the last day, although it is still down 0.81 percent over the week. The current price of SOL is USD 239.86 or around IDR 3.74 million per coin.
XRP has experienced a significant decline of 2.22 percent in the last 24 hours and has weakened by 38.98 percent in a week, now at a price of USD 2.36 or around IDR 36,816 per coin.
The meme coin Dogecoin (DOGE) has weakened by 0.68 percent in the last day, but is still up 3.03 percent in a week. The current price of DOGE is USD 0.4401 or IDR 6,866 per token.
Today's crypto prices such as stablecoins such as Tether (USDT) and USD Coin (USDC) remain stable at the level of USD 1.00 with slight movements of 0.01 percent each in a day.
The global crypto market capitalization continues to show diverse dynamics along with developments in market sentiment and trading activity. Today's crypto market capitalization is at USD 3.7 trillion or equivalent to IDR 57,720 trillion, up around 0.77 percent in the last day. Investors are advised to continue to monitor price movements regularly.
Previously, Federal Reserve Chairman Jerome Powell gave his views on Bitcoin at the DealBook Summit by emphasizing that the cryptocurrency is more similar to gold than the US dollar.
"People are using Bitcoin as a speculative asset. It's like gold only virtual and digital," Powell said during the discussion, quoted from Yahoo Finance, Friday (6/12/2024).
#BecomeCreator $BTC
Binance is trading at USD 741.49 or around IDR 11.57 million per coin. Cardano (ADA) slightly weakened by 0.57 percent in the last 24 hours, but showed a significant increase of 16.78 percent over the week. Currently, ADA is trading at USD 1.22 or around IDR 19,032.
Meanwhile, Solana (SOL) rose slightly by 0.64 percent in the last day, although it is still down 0.81 percent over the week. The current price of SOL is USD 239.86 or around IDR 3.74 million per coin.
XRP has experienced a significant decline of 2.22 percent in the last 24 hours and has weakened by 38.98 percent in a week, now at a price of USD 2.36 or around IDR 36,816 per coin.
The meme coin Dogecoin (DOGE) has weakened by 0.68 percent in the last day, but is still up 3.03 percent in a week. The current price of DOGE is USD 0.4401 or IDR 6,866 per token.
Today's crypto prices such as stablecoins such as Tether (USDT) and USD Coin (USDC) remain stable at the level of USD 1.00 with slight movements of 0.01 percent each in a day.
The global crypto market capitalization continues to show diverse dynamics along with developments in market sentiment and trading activity. Today's crypto market capitalization is at USD 3.7 trillion or equivalent to IDR 57,720 trillion, up around 0.77 percent in the last day. Investors are advised to continue to monitor price movements regularly.
Previously, Federal Reserve Chairman Jerome Powell gave his views on Bitcoin at the DealBook Summit by emphasizing that the cryptocurrency is more similar to gold than the US dollar.
"People are using Bitcoin as a speculative asset. It's like gold only virtual and digital," Powell said during the discussion, quoted from Yahoo Finance, Friday (6/12/2024).
#BecomeCreator $BTC
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"Today's Crypto Prices, December 7, 2024: Bitcoin Stable, Ethereum and BNB Strengthen"
The prices of top cryptos varied in trading on Saturday, December 7, 2024. The price of Bitcoin weakened slightly by 0.04 percent.
Today's Crypto Prices, December 7, 2024: Bitcoin Stable, Ethereum and BNB Strengthen
The prices of top cryptos varied in trading on Saturday, December 7, 2024. The price of Bitcoin weakened slightly by 0.04 percent.
The prices of Bitcoin and other top cryptos were seen to experience mixed movements on Saturday (12/7/2024). The majority of major cryptos showed mixed movements, with some remaining in the red zone.
Based on Coinmarketcap data, Bitcoin (BTC) fell slightly by 0.04 percent in the last 24 hours but still strengthened by 3.97 percent for the week. The current price of Bitcoin is at USD 101,197.71 or around IDR 1.58 billion (assuming an exchange rate of IDR 15,600 per US dollar).
Meanwhile, Ethereum (ETH) was recorded to have strengthened by 4.09 percent in the last day and 13.07 percent in a week. Currently, Ethereum is trading at a price of USD 4,052.95 or around IDR 63.23 million per coin. Binance Coin (BNB) strengthened by 1.54 percent in the last 24 hours and rose by 12.59 percent in a week.
Today's Crypto Prices, December 7, 2024: Bitcoin Stable, Ethereum and BNB Strengthen
The prices of the top cryptos varied in trading on Saturday, December 7, 2024. The price of Bitcoin weakened slightly by 0.04 percent.
The prices of Bitcoin and other top cryptos were observed to experience various movements on Saturday (7/12/2024). Major cryptos are mostly showing mixed movements, with some remaining in the red.
Based on Coinmarketcap data, Bitcoin (BTC) fell slightly by 0.04 percent in the last 24 hours but is still up 3.97 percent for the week. The current price of Bitcoin is at USD 101,197.71 or around IDR 1.58 billion (assuming an exchange rate of IDR 15,600 per US dollar).
#BecomeCreator #2024withBinance #Cryptonesia $BTC
The prices of top cryptos varied in trading on Saturday, December 7, 2024. The price of Bitcoin weakened slightly by 0.04 percent.
Today's Crypto Prices, December 7, 2024: Bitcoin Stable, Ethereum and BNB Strengthen
The prices of top cryptos varied in trading on Saturday, December 7, 2024. The price of Bitcoin weakened slightly by 0.04 percent.
The prices of Bitcoin and other top cryptos were seen to experience mixed movements on Saturday (12/7/2024). The majority of major cryptos showed mixed movements, with some remaining in the red zone.
Based on Coinmarketcap data, Bitcoin (BTC) fell slightly by 0.04 percent in the last 24 hours but still strengthened by 3.97 percent for the week. The current price of Bitcoin is at USD 101,197.71 or around IDR 1.58 billion (assuming an exchange rate of IDR 15,600 per US dollar).
Meanwhile, Ethereum (ETH) was recorded to have strengthened by 4.09 percent in the last day and 13.07 percent in a week. Currently, Ethereum is trading at a price of USD 4,052.95 or around IDR 63.23 million per coin. Binance Coin (BNB) strengthened by 1.54 percent in the last 24 hours and rose by 12.59 percent in a week.
Today's Crypto Prices, December 7, 2024: Bitcoin Stable, Ethereum and BNB Strengthen
The prices of the top cryptos varied in trading on Saturday, December 7, 2024. The price of Bitcoin weakened slightly by 0.04 percent.
The prices of Bitcoin and other top cryptos were observed to experience various movements on Saturday (7/12/2024). Major cryptos are mostly showing mixed movements, with some remaining in the red.
Based on Coinmarketcap data, Bitcoin (BTC) fell slightly by 0.04 percent in the last 24 hours but is still up 3.97 percent for the week. The current price of Bitcoin is at USD 101,197.71 or around IDR 1.58 billion (assuming an exchange rate of IDR 15,600 per US dollar).
#BecomeCreator #2024withBinance #Cryptonesia $BTC
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Bitcoin Price Increase Slows Down (Bloomberg)
However, Panji continued, Bitcoin managed to strengthen again to above the MA-20 on Friday today.
"Bitcoin Support: US$91,000 and resistance US$100,000."
Wait and See US Labor Data
The sentiment that underlies Bitcoin's decline comes from the US Economy, ahead of the important US Labor report which is expected to provide further clues regarding the policy of the US Central Bank (Federal Reserve/The Fed).
Investors seem to be starting to prepare for new economic support measures from the important policy meeting that will begin next Wednesday.
As reported by Bloomberg News, the monthly Government Labor report to be released on Friday night will provide further insight into Labor demand. Economists estimate that non-Farm Payroll will increase by 215,000 in November. With the Unemployment Rate expected to remain unchanged at 4.1%.
Citing CME FedWatch Tools tonight, the chance of a 25 basis point Federal Funds Rate cut to 4.25%ā4.5% in this month's meeting, December, remains at a probability of 68.4%.
Federal Funds Rate Probability in December (CME FedWatch)
A number of these data are important to provide a little clue to the Fed's next steps.
Meanwhile, the Fed will only hold another FOMC meeting on December 17ā18. Before the meeting, the Fed will have supporting data that will be considered.
Meanwhile, TRON TRX is also under pressure, in line with Bitcoin with a weakening of 4.71% to a price of US$0.317.
Elon Musk's Dogecoin DOGE weakened 4.11% in 24 hours, and has fallen to a price of US$0.4277.
Furthermore, Solana SOL, which weakened 2.42% in 24 hours, recorded a negative trend, with a correction at a price of US$234.36. Ethereum ETH has also entered the red zone trend, contracting 2.11% at a price of US$3,858.15.
#BecomeCreator #2024WithBinance #Binance! $BTC
However, Panji continued, Bitcoin managed to strengthen again to above the MA-20 on Friday today.
"Bitcoin Support: US$91,000 and resistance US$100,000."
Wait and See US Labor Data
The sentiment that underlies Bitcoin's decline comes from the US Economy, ahead of the important US Labor report which is expected to provide further clues regarding the policy of the US Central Bank (Federal Reserve/The Fed).
Investors seem to be starting to prepare for new economic support measures from the important policy meeting that will begin next Wednesday.
As reported by Bloomberg News, the monthly Government Labor report to be released on Friday night will provide further insight into Labor demand. Economists estimate that non-Farm Payroll will increase by 215,000 in November. With the Unemployment Rate expected to remain unchanged at 4.1%.
Citing CME FedWatch Tools tonight, the chance of a 25 basis point Federal Funds Rate cut to 4.25%ā4.5% in this month's meeting, December, remains at a probability of 68.4%.
Federal Funds Rate Probability in December (CME FedWatch)
A number of these data are important to provide a little clue to the Fed's next steps.
Meanwhile, the Fed will only hold another FOMC meeting on December 17ā18. Before the meeting, the Fed will have supporting data that will be considered.
Meanwhile, TRON TRX is also under pressure, in line with Bitcoin with a weakening of 4.71% to a price of US$0.317.
Elon Musk's Dogecoin DOGE weakened 4.11% in 24 hours, and has fallen to a price of US$0.4277.
Furthermore, Solana SOL, which weakened 2.42% in 24 hours, recorded a negative trend, with a correction at a price of US$234.36. Ethereum ETH has also entered the red zone trend, contracting 2.11% at a price of US$3,858.15.
#BecomeCreator #2024WithBinance #Binance! $BTC
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"Wait and See US Economic Data Makes Bitcoin Decline at US$ 98 Thousand"
Bloomberg Technoz, Jakarta - The price of Bitcoin (BTC) continues to decline. Currently, the price is consolidating in the price range of US$ 94,500 to US$ 99,000 in one trading day (1 day). When this article was written, Bitcoin was perched at a stable level of US$ 98,000.
Bitcoin had strengthened in yesterday's trading to soar to US$ 104,000, responding positively to the sentiment of President-elect Donald Trump's election of a pro-crypto figure, namely Paul Atkins, as a candidate to replace Gary Gensler.
Bitcoin Price Increase (Bloomberg)
Atkins being Trump's choice for the position of Chairman of the Securities and Exchange Commission (SEC) is believed to encourage higher speculation on digital assets, especially Bitcoin.
If elected, Atkins is expected to focus on easing regulations and imposing lighter penalties for violations.
"Bitcoin still has the potential to break through the psychological resistance figure of US$100,000. However, if Bitcoin fails to stay above the MA-20, the price could fall back to the support level of US$91,000. Technical indicators show that Stochastic is strengthening at the centerline, while the MACD Histogram indicates limited Bearish momentum," explained Panji Yudha, Ajaib Crypto Analyst in the latest research on Friday (6/12/2024).
Citing CoinMarketcap data, Friday, the top market caps of Crypto Assets experienced a downward movement with a tendency to weaken, wait and see important US Economic data tonight. The deepest decline occurred in Cardano ADA, reaching 5.41% in 24 hours at a price of US$1.16.
In the next position, there is XRP Coin which weakened by 4.86% in 24 hours at a price of US$2.28.
Bitcoin is moving down in a stable limited range at around US$98,000 to US$98,079 or minus 4.01% in 24 hours, or one day compared to the previous trade.
#BecomeCreator #Binance! #BTC $BTC
Bloomberg Technoz, Jakarta - The price of Bitcoin (BTC) continues to decline. Currently, the price is consolidating in the price range of US$ 94,500 to US$ 99,000 in one trading day (1 day). When this article was written, Bitcoin was perched at a stable level of US$ 98,000.
Bitcoin had strengthened in yesterday's trading to soar to US$ 104,000, responding positively to the sentiment of President-elect Donald Trump's election of a pro-crypto figure, namely Paul Atkins, as a candidate to replace Gary Gensler.
Bitcoin Price Increase (Bloomberg)
Atkins being Trump's choice for the position of Chairman of the Securities and Exchange Commission (SEC) is believed to encourage higher speculation on digital assets, especially Bitcoin.
If elected, Atkins is expected to focus on easing regulations and imposing lighter penalties for violations.
"Bitcoin still has the potential to break through the psychological resistance figure of US$100,000. However, if Bitcoin fails to stay above the MA-20, the price could fall back to the support level of US$91,000. Technical indicators show that Stochastic is strengthening at the centerline, while the MACD Histogram indicates limited Bearish momentum," explained Panji Yudha, Ajaib Crypto Analyst in the latest research on Friday (6/12/2024).
Citing CoinMarketcap data, Friday, the top market caps of Crypto Assets experienced a downward movement with a tendency to weaken, wait and see important US Economic data tonight. The deepest decline occurred in Cardano ADA, reaching 5.41% in 24 hours at a price of US$1.16.
In the next position, there is XRP Coin which weakened by 4.86% in 24 hours at a price of US$2.28.
Bitcoin is moving down in a stable limited range at around US$98,000 to US$98,079 or minus 4.01% in 24 hours, or one day compared to the previous trade.
#BecomeCreator #Binance! #BTC $BTC
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MicroStrategy Makes Big Profit on Bitcoin
MicroStrategy posted more than $17 billion in unrealized profits after Bitcoin surpassed $100,000 for the first time. The company now owns about $40.8 billion in Bitcoin, thanks to a massive buying spree it has been pursuing since 2020, according to data from MSTR Tracker.
MicroStrategy Makes $17 Billion in Bitcoin Profit, While Memecoin Hawk Tuah Gets Caught in Controversy
The company, now known as a āBitcoin treasury company,ā had about 402,000 BTC in its portfolio as of Dec. 5. In the past week, MicroStrategy bought 15,400 BTC worth $1.5 billion, continuing its aggressive acquisition trend. MicroStrategy (MSTR) stock has also performed exceptionally well, up 511% since January. Bitcoin Hits All-Time High of $100,000
Bitcoin hit $100,000 on December 5, marking a new milestone after a year of significant growth. Within 90 minutes of breaking the mark, Bitcoin hit a new all-time high of $104,000.
MicroStrategy Makes $17 Billion in Bitcoin Profits, Memecoin Hawk Tuah Gets Caught in Controversy
Since the beginning of the year, Bitcoin has risen 126%, from around $44,000 to over $100,000. Bitcoinās market cap is now at an all-time high of $2 trillion, supported by inflows of over $31 billion from U.S. spot Bitcoin ETFs and a supply cut following the fourth halving in April.
Also Read: Moodeng ($MOODENG), Skyrockets Over 67% After Coinbase Listing
Hawk Tuah Memecoin Hit by Rug Pull Accusations
Viral influencer Haliey Welch faced major controversy after the launch of memecoin Hawk Tuah (HAWK) on Dec. 4. The token briefly reached a market cap of $490 million before plummeting more than 90% in just four hours, with its current value sitting at around $41.7 million.
#BecomeCreator #Binance! #btc $BTC
MicroStrategy posted more than $17 billion in unrealized profits after Bitcoin surpassed $100,000 for the first time. The company now owns about $40.8 billion in Bitcoin, thanks to a massive buying spree it has been pursuing since 2020, according to data from MSTR Tracker.
MicroStrategy Makes $17 Billion in Bitcoin Profit, While Memecoin Hawk Tuah Gets Caught in Controversy
The company, now known as a āBitcoin treasury company,ā had about 402,000 BTC in its portfolio as of Dec. 5. In the past week, MicroStrategy bought 15,400 BTC worth $1.5 billion, continuing its aggressive acquisition trend. MicroStrategy (MSTR) stock has also performed exceptionally well, up 511% since January. Bitcoin Hits All-Time High of $100,000
Bitcoin hit $100,000 on December 5, marking a new milestone after a year of significant growth. Within 90 minutes of breaking the mark, Bitcoin hit a new all-time high of $104,000.
MicroStrategy Makes $17 Billion in Bitcoin Profits, Memecoin Hawk Tuah Gets Caught in Controversy
Since the beginning of the year, Bitcoin has risen 126%, from around $44,000 to over $100,000. Bitcoinās market cap is now at an all-time high of $2 trillion, supported by inflows of over $31 billion from U.S. spot Bitcoin ETFs and a supply cut following the fourth halving in April.
Also Read: Moodeng ($MOODENG), Skyrockets Over 67% After Coinbase Listing
Hawk Tuah Memecoin Hit by Rug Pull Accusations
Viral influencer Haliey Welch faced major controversy after the launch of memecoin Hawk Tuah (HAWK) on Dec. 4. The token briefly reached a market cap of $490 million before plummeting more than 90% in just four hours, with its current value sitting at around $41.7 million.
#BecomeCreator #Binance! #btc $BTC
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According to a new survey from Kraken, FOMO (fear of missing out) and FUD (fear, uncertainty, doubt) are the main drivers behind crypto buying decisions, affecting more than 80% of users. Nearly 88% of respondents believe they have missed out on big gains.
However, the survey also found that optimism for future gains is stronger than regret over missed opportunities.
Kraken Highlights FOMO and FUD in Crypto Investments
The survey illustrates a surprising trend of emotional influence in the crypto market. Kraken, a long-standing centralized exchange, has a vested interest in measuring this data: last month, it added 19 new tokens to its roadmap in response to the bullish post-election sentiment.
#BecomeCreator #btcupdates #Binance! #fomo $BTC
However, the survey also found that optimism for future gains is stronger than regret over missed opportunities.
Kraken Highlights FOMO and FUD in Crypto Investments
The survey illustrates a surprising trend of emotional influence in the crypto market. Kraken, a long-standing centralized exchange, has a vested interest in measuring this data: last month, it added 19 new tokens to its roadmap in response to the bullish post-election sentiment.
#BecomeCreator #btcupdates #Binance! #fomo $BTC
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Worksport, a US-listed auto parts company, announced plans to invest $5 million in Bitcoin and XRP as part of its strategy to diversify its holdings and improve transaction efficiency.
The move reflects the companyās belief in crypto assets as a long-term store of value and hedge against inflation, according to the statement, in line with global institutional adoption trends.
Worksport to Accept Crypto Asset Payments
The company outlined its intention to allocate up to 10% of its excess operating cash to crypto investments. The initial phase of the strategy will see the purchase of $5 million in Bitcoin and XRP.
Following the announcement, Worksport (WKSP) shares rose more than 6% on December 5. The companyās shares have been on a losing streak for the year, down more than 50% this year.
#BecomeCreator #btcupdates #Binance! $BTC
The move reflects the companyās belief in crypto assets as a long-term store of value and hedge against inflation, according to the statement, in line with global institutional adoption trends.
Worksport to Accept Crypto Asset Payments
The company outlined its intention to allocate up to 10% of its excess operating cash to crypto investments. The initial phase of the strategy will see the purchase of $5 million in Bitcoin and XRP.
Following the announcement, Worksport (WKSP) shares rose more than 6% on December 5. The companyās shares have been on a losing streak for the year, down more than 50% this year.
#BecomeCreator #btcupdates #Binance! $BTC
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Predictions and Strategies for Investors
With a 5.63% increase today, Bitcoin shows the potential to continue its bullish trend. However, investors are advised to remain cautious, especially as the price approaches resistance at IDR1.65 billion.
The best strategy is to take advantage of the upward momentum while maintaining portfolio diversification.
For short-term traders, taking profits when the price reaches resistance may be a wise choice.
The price of Bitcoin today, December 5, 2024, recorded a significant spike to IDR1.625 billion.
With a daily increase of 5.63%, the market shows positive momentum that provides optimism for investors.
However, volatility remains a hallmark of the crypto market. Investors are advised to continue to monitor market movements and consider wise investment strategies to stay safe in the face of existing dynamics.
#BecomeCreator $BTC
With a 5.63% increase today, Bitcoin shows the potential to continue its bullish trend. However, investors are advised to remain cautious, especially as the price approaches resistance at IDR1.65 billion.
The best strategy is to take advantage of the upward momentum while maintaining portfolio diversification.
For short-term traders, taking profits when the price reaches resistance may be a wise choice.
The price of Bitcoin today, December 5, 2024, recorded a significant spike to IDR1.625 billion.
With a daily increase of 5.63%, the market shows positive momentum that provides optimism for investors.
However, volatility remains a hallmark of the crypto market. Investors are advised to continue to monitor market movements and consider wise investment strategies to stay safe in the face of existing dynamics.
#BecomeCreator $BTC
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What Are the Risks Behind This Rise?
While todayās Bitcoin price rise is encouraging, market volatility remains a concern.
Profit-taking by investors could lead to a short-term price correction.
In addition, tight regulatory oversight in some countries remains a risk factor to watch out for.
#BecomeCreator $BTC
While todayās Bitcoin price rise is encouraging, market volatility remains a concern.
Profit-taking by investors could lead to a short-term price correction.
In addition, tight regulatory oversight in some countries remains a risk factor to watch out for.
#BecomeCreator $BTC
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Technical Analysis
Technically, Bitcoin has shown significant strength in the last 24 hours. Several key indicators support this increase:
- Relative Strength Index (RSI): The RSI is in the neutral zone towards overbought, indicating strong buying momentum.
- Moving Average: The average price trend supports bullish movement, with the potential to reach a new high above IDR1.65 billion.
- Today's highest level of IDR1,650,000,000 is a critical resistance. If this level is successfully penetrated, the price of Bitcoin has the potential to continue the rally to IDR1.7 billion in the near future.
#BecomeCreator $BTC
Technically, Bitcoin has shown significant strength in the last 24 hours. Several key indicators support this increase:
- Relative Strength Index (RSI): The RSI is in the neutral zone towards overbought, indicating strong buying momentum.
- Moving Average: The average price trend supports bullish movement, with the potential to reach a new high above IDR1.65 billion.
- Today's highest level of IDR1,650,000,000 is a critical resistance. If this level is successfully penetrated, the price of Bitcoin has the potential to continue the rally to IDR1.7 billion in the near future.
#BecomeCreator $BTC
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Bullish Momentum in Crypto Market
Technical indicators show that Bitcoin is in a bullish trend. The previous resistance level was successfully broken, giving room for the price to continue rising.
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Technical indicators show that Bitcoin is in a bullish trend. The previous resistance level was successfully broken, giving room for the price to continue rising.
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Global economic uncertainty and rising inflationary pressures are driving more investors to turn to Bitcoin as a hedge.
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Interest from institutional and retail investors continues to grow, especially after Bitcoin showed stability above the Rp1.5 billion level. This trust is the main fuel for the price increase.
#BecomeCreator $BTC
#BecomeCreator $BTC
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Angka tertinggi hari ini mencapai Rp1.650.000.000, sementara harga terendah tercatat di Rp1.513.091.000.
Pergerakan ini menunjukkan momentum bullish yang signifikan di pasar kripto, memberikan angin segar bagi investor.
#BecomeCreator $BTC
Pergerakan ini menunjukkan momentum bullish yang signifikan di pasar kripto, memberikan angin segar bagi investor.
#BecomeCreator $BTC
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