Bitcoin has gained significant attention again as it once more surges back to $100,000. The surge has been attributed to a staggering $20 trillion price prediction. Asset management giant, BlackRock, has subtly acknowledged Bitcoin's potential price impact. In the face of a looming financial crash, as voiced by Robert Kiyosaki, Bitcoin has become more compelling. The digital asset saw a record-breaking $1.24 billion USDC inflow into spot exchanges, again indicating bullish potential.
Governments and banks, which once mocked the cryptocurrency, are now eagerly wanting in. A growing number of conservative activists have also been nudging large companies to acquire Bitcoin. Another interesting development in the crypto sphere is crypto and Bitcoin going mainstream in 2024. On the flipside, Bitcoin ETFs experienced record outflows following a hawkish Fed meeting. Bitcoin's perceived merit doesn't undermine potential contenders like Solana. In fact, it is put forth that three altcoins may be worth considering in 2025. While El Salvador scales back its Bitcoin policies amid a $1.4bn IMF deal,
Bitcoin's supply shock, as witnessed by the four-year low sell-side liquidity, has stirred the market.
Bitcoin News Analytics from Mon, 16 Dec 2024 00:00:00 GMT to Sun, 22 Dec 2024 02:15:24 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor 4
