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Happy Monday Folks! Bitcoin is trading up at $42,057.56. Over the weekend Bitcoin began warming up the engines and this morning it blasted off (Bears are Rekt), headed back toward the moon just like the US. Soon it will be past the moon headed to Mars once it passes ATH next year. Let's get to today's news...
Crypto markets add $70 Billion daily as BTC nearing $42K; $166M shorts liquidated.(4) Serious investors continued to flood the market and Bitcoin funds with cash last week—with the biggest 10-week inflows since the height of the 2021 bull run, according to a report today.(3) Michael Saylor's Bitcoin bet profit tops $2B; LIKE A BOSS! ‘We Have No Intention of Selling’ – El Salvador’s Firm Stance on Its Bitcoin Investment.(4) Brazil’s largest bank launches BTC and ETH trading platform.(2)
Bitcoin breaks $40K for first time in 19 months amid broader Crypto market rise.(3) Macroeconomist and crypto strategist Henrik Zeberg says that Bitcoin (BTC) is setting the stage up to skyrocket as BTC’s weekly relative strength index (RSI) suggests that Bitcoin has a powerful force behind it. Crypto financial services firm Matrixport details catalysts for Bitcoin rally to $125,000 in 2024.(3) Macro guru Raoul Pal says that crypto assets are set for a new bull market as traditional finance firms begin to move into the nascent sector.(2) Bitcoin price hitting $700,000 predicted by Adam Back within year or two; flipping Gold. Bitcoin’s crash will be ‘more spectacular than its rally,’ says US economist Peter Schiff.
Ethereum rose past $2,200 for the first time in months; soar to 19-month highs.(2) ‘Giant Whale’ accumulates 41,779 Ethereum (ETH) worth $76,800,000 since September: On-Chain Data. Yesterday, Dan Gambardello, the founder of Crypto Capital Venture, focusing on the potential for a historic bull run in the Cardano ecosystem. His analysis draws a parallel between Cardano’s current state and Ethereum’s position before its significant bull run, suggesting a similar trajectory for Cardano. Cardano sees massive wave of interest from whales. Dogecoin price rallies to 4-month highs – can bulls take it above $0.3?
Circle continued to build out the USDC stablecoin network, spreading access and inclusion to new corners of the world.
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