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cathie wood predicts bitcoin could reach 1.5 million by 2030

Cathie Wood, founder of ARK Invest, predicts Bitcoin could reach $1.5 million by 2030, highlighting its potential to rival gold's $15 trillion market cap. With a current valuation of $2 trillion, she emphasizes Bitcoin's resilience, decentralized nature, and growing institutional adoption as key factors driving this forecast. As institutional momentum strengthens, Wood's vision reflects a broader belief in Bitcoin's transformative role in global finance.

Coinchapter

Fidelity Contrafund BlackRock, Inc. USA Donald Trump Cathie Wood Jerome Powell Show more

Finance & Economy, Market Report

01:52 19.12.2024

el salvador makes bitcoin payments voluntary in imf loan agreement

El Salvador will make Bitcoin payments voluntary as part of a $1.4 billion loan deal with the IMF, which aims to reduce the country's debt-to-GDP ratio. The agreement includes unwinding government involvement in the Chivo wallet and limiting public sector engagement in Bitcoin activities. Despite the IMF's concerns about Bitcoin's risks, a recent survey revealed that 92% of Salvadorans do not use Bitcoin for transactions.

Cointelegraph

United States Dollar SLV Nayib Bukele Max Keiser

Finance & Economy, News Article

01:43 19.12.2024

xrp price surge hints at potential rise to 5.85 dollars

XRP has shown bullish momentum, recently surging to $2.72 after a breakout from a downward trendline. Analyst Dark Defender highlights key resistance levels, suggesting that overcoming $2.92 could lead to a rise towards $5.85, marking a potential 133% increase in price. Currently, XRP trades at $2.51 with a market cap of $144 billion.

Bitcoinist.com

Apple Inc.

Crypto, Market Report

01:30 19.12.2024

federal reserve chair rules out bitcoin ownership citing legal restrictions

Federal Reserve Chair Jerome Powell has firmly stated that the Fed cannot hold bitcoin due to legal restrictions outlined in the Federal Reserve Act, which limits its assets to U.S. government bonds. He reiterated his cautious stance on cryptocurrencies, labeling them as speculative and volatile, while distinguishing them from central bank digital currencies (CBDCs). Meanwhile, President-elect Donald Trump has proposed establishing a national bitcoin reserve, aiming to enhance the U.S.'s position in the cryptocurrency market, which has led to a surge in bitcoin's value.

Bitcoin News

United States Dollar End Federal Reserve USD USA Donald Trump David O. Sacks Cynthia Lummis Jerome Powell Show more

Regulatory & Legal, News Article

01:30 19.12.2024

ethereum's bullish outlook driven by institutional interest and tokenization growth

Ethereum's recent price fluctuations, including a brief surge past $4,000, reflect strong institutional interest, particularly in spot ETFs, which have seen a remarkable $2 billion inflow. With an 81% market share in the $100 trillion tokenization sector, Ethereum is poised for significant growth, attracting more institutional investors as it solidifies its role in decentralized finance and blockchain technology. Experts predict 2025 will be a pivotal year for Ethereum, driven by its leadership in tokenization and increasing adoption.

The Currency analytics

Bitwise Bitcoin ETF Juan Leon

Finance & Economy, Market Report

01:24 19.12.2024

meme coins with potential for massive returns in evolving crypto market

The meme coin market is buzzing with potential, highlighted by BTFD Coin's record-breaking presale, which has raised over $4.1 million. While BTFD Coin leads the charge, Book of Meme and Apu Apustaja also present intriguing investment opportunities, with the latter currently experiencing a dip that could attract risk-takers. Each coin offers unique avenues for growth, making 2025 a promising year for meme coin enthusiasts.

Crypto News Flash

Crypto, Blog Post

01:15 19.12.2024

cryptocurrency market faces challenges as bitcoin rally stalls and altcoins decline

Bitcoin's New Year rally appears to be losing momentum, currently trading at $104,899, with key support levels at $98,400 and $97,500. Ethereum shows signs of weakness, down to $3,867, struggling to maintain support above $3,707, while Dogecoin is declining to $0.386, facing potential further drops if it fails to hold above the 50-day EMA at $0.35.

U.Today

Finance & Economy, Market Report

01:01 19.12.2024

Cardano whales accumulate as price stabilizes above one dollar

Cardano (ADA) has experienced significant volatility, recently dropping from $1.32 to $0.91 before rebounding to $1.04. Whale activity has been pivotal, with large holders taking profits during the rally and then accumulating 160 million ADA at the dip, indicating renewed confidence. The token's ability to maintain its position above $1 and target $1.20 will be crucial for its short-term trajectory, as traders watch for signs of a sustained rally or further consolidation.

NewsBTC

Ali Martinez

Crypto, Market Report

01:00 19.12.2024

Novartis closes MorphoSys sites and lays off 330 amid drug development delays

Novartis is closing MorphoSys sites in the U.S. and Germany, resulting in 330 job losses, as part of a strategic shift following mixed trial results for the drug pelabresib. The company, which acquired MorphoSys for $2.9 billion, has delayed regulatory submission for the drug until at least 2027 due to the need for additional data. This move is part of a broader restructuring effort that has seen Novartis cut back significantly in recent years.

BioPharma Dive

United States Dollar Novartis AG MorphoSys AG USA DEU Vas Narasimhan

Finance & Economy, News Article

01:00 19.12.2024

ubs raises microsoft price target to 525 while shares dip

UBS has raised its price target for Microsoft from $500 to $525 while maintaining a "Buy" rating, citing strong cost control and an update on the company's AI developments. Despite this positive outlook, Microsoft shares saw a temporary decline of 0.54%, trading at $452.00 on NASDAQ.

finanzen.net

United States Dollar Microsoft Corporation USA Karl Keirstead

Finance & Economy, Market Report

00:55 19.12.2024

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