Fri, Nov 15, 2024 2:14 PM
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Bitcoin fell to $88,000 from a peak of $93,000 leading to $120 million in liquidations. The market is now pricing in a 66% chance of a 25 basis point cut in the December FOMC meeting, down from Thursday’s 83%. XRP zoomed 17% in the past 24 hours to beat gains in bitcoin {{BTC}] and majors, as shifting U.S. regulatory climate supported growth in tokens previously hampered by SEC's actions.
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Bhutan Cashes out $33.5B in Bitcoin, Still Holds $1.11B in BTC The Royal Government of Bhutan has sold 367 Bitcoin (BTC), worth about $33.5 million through major cryptocurrency exchange Binance. According to Arkham Intelligence, a blockchain analytics firm that tracked the transaction, the sale occurred Thursday morning when Bitcoin reached an intraday high of more than $90,000.
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The recent surge in Bitcoin (BTC) prices could well last into 2025 and see it reach highs of $180,000, said Matthew Sigel, head of digital assets research at VanEck. During a recent interview with CNBC Squawk Box, Sigel drew uncanny similarities between the digital currency's ongoing post-election rally and that of its aftermath from the 2020 presidential election.
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