Bitcoin’s Moment
Bitcoin’s climb past the $100,000 mark is a watershed moment in the evolution of crypto-currencies, symbolising their growing acceptance as a legitimate asset class.
Bitcoin’s climb past the $100,000 mark is a watershed moment in the evolution of crypto-currencies, symbolising their growing acceptance as a legitimate asset class.
Christopher Wood, global head of equity strategy at Jefferies, plans to book profit in bitcoin once it hits the USD 1,50,000 mark, up nearly 53% from the current levels of USD 98,300 levels.
After a row erupted over an alleged "bitcoin scam" linked to the Maharashtra Assembly elections, BJP leader Vinod Tawde said that the Election Commission of India (ECI) should also take immediate action against the Maha Vikas Aghadi (MVA) leaders Supriya Sule and Nana Patole "on the basis of viral audio and chat."
On Monday, as of 10:21 a.m. in London, Bitcoin extended gains to hit an unprecedented $82,300 while on Sunday, the largest token climbed as much as 6.1%.
About 85 per cent of the world’s cryptocurrencies are worth less than one cent, according to a report on Monday.
Cryptocurrencies were under pressure on Wednesday, after bitcoin briefly slid back to $60,000. Late Tuesday, bitcoin fell as low as $60,175. While the Ether last traded lower by 2% at $2,447.19, after dropping 5% Tuesday.
Donald Trump, the former US President and Republican nominee for the White House, has pledged to turn the US into the "crypto capital of the planet and the Bitcoin superpower of the world" if elected and unveiled a plan to unlock the potential of the fledgling industry.
Cyvers, a Web3 security firm taking it to social media platform ‘X’, said a suspicious address had swapped virtual digital assets while continuing to transfer other digital assets.
BTC has experienced high traction among investors due to increased inflows and positive sentiments following an assassination attempt on US presidential candidate Donald Trump.
The fall is amid the uncertainty over the US presidential elections and reports of bitcoin supply from a defunct Tokyo-based crypto exchange.
