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Showing posts with the label market dynamics

Why billions in Bitcoin treasury purchases can't pump the price

Since the start of the year, the number of bitcoin (BTC) treasury stocks — publicly listed companies that own BTC — has increased 131% from 73 to 169. Their BTC holdings have increased 67% from 590,649 to 984,535, and the value of their BTC has doubled from $56 billion to $112 billion. Nevertheless, BTC itself doesn’t seem to be appreciating from this inundation. Rather than amplify the momentum of these capital inflows, spot investors are fading these bids. Indeed, BTC is languishing 8% below its all-time high and is only up 19% year to date. That 19% is just 11 percentage points above the benchmark S&P 500 Index which has appreciated 8% since New Year’s Day. For all the downside risk and volatility that BTC investors must endure in a sub-$2.3 trillion speculative asset, its 1,100 basis point S&P 500 outperformance seems particularly muted against the world’s preeminent, $54 trillion index.  Treasury companies raised about $10 billio...

We asked ChatGPT what will be the Bitcoin price in 2025; Here’s what it said

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Bitcoin (BTC) has had a remarkable year, recently reaching an all-time high of $108,268. This surge was driven by optimism surrounding a more crypto-friendly stance under President-elect Donald Trump and speculation about the potential Bitcoin strategic reserve.  However, the cryptocurrency market remains divided, with investors navigating a mix of bullish institutional interest and bearish macroeconomic signals. These mixed signals have sparked speculation across the market, leaving investors questioning where Bitcoin, the world’s leading cryptocurrency, could head in 2025. Picks for you 2 cryptocurrencies to reach a $1billion market cap in 2025 14 hours ago Bitcoin sees 2024’s largest weekly outflow from exchanges – What does it mean...

5 High-Risk, High-Reward Meme Coins to Watch After Bitcoin’s $100K Milestone

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As Bitcoin surpasses the $100K milestone, focus is also shifting toward meme coins that stand to gain from the heightened excitement. Despite the volatility, some meme coins are primed for breakout moments, especially those with low market caps, which could experience rapid growth. A shift in market dynamics is expected as Bitcoin dominance wanes, leading to increased interest and investment in altcoins and meme coins. The surge in meme coin popularity could even precede movements in traditional altcoins, as they’ve been outperforming Bitcoin in the short term. While the risks are well-known in meme coins, the possibility of high rewards often outweighs them, which is why many are still drawn to this market. Shiba Inu (SHIB) Shiba Inu has shown a quiet but steady potential for growth. Despite its seemingly boring price movements, the token is on the verge of revisiting its previous all-time high of $19.2 billion in valuation. Currently sitting at $13.3 billion, $SHIB could se...