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On Dec 07, 2024, 18:47 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 100,000 USDT benchmark and is now trading at 100,006.90625 USDT, with a narrowed narrowed 1.05% decrease in 24 hours.

According to U.Today, Samson Mow, a prominent Bitcoin advocate and CEO of the Bitcoin adoption-focused company JAN3, recently shared his insights on the future of Bitcoin's price movement. Speaking on the X platform, formerly known as Twitter, Mow discussed a potential key driver for what he terms the 'Omega candle,' a significant price surge that could propel Bitcoin's value towards $1 million. This prediction is linked to the activities of Michael Saylor's company, MicroStrategy.Mow anticipates that a gamma squeeze on MicroStrategy's stock (MSTR) could trigger the first Omega candle for Bitcoin. A gamma squeeze occurs in options trading when a large number of call options, which are bets on a price increase, are purchased. This forces market makers to hedge their risks by buying the underlying stock, thereby driving its price higher. Mow believes that such a scenario with MSTR could subsequently lead to a substantial increase in Bitcoin's price.In addition to his prediction about the Omega candle, Mow has also discussed the potential future of Bitcoin in terms of its parity with the US dollar. He envisions a scenario where Bitcoin, or rather its smallest unit known as Satoshis, achieves parity with the dollar. This means that the purchasing power of Bitcoin would be equivalent to that of the dollar today. Mow illustrated this by suggesting that a dozen eggs could cost 2-3 Satoshis in the future. However, he acknowledged the challenge of dividing the total 21 million Bitcoins equally among the global population, noting that the average person might end up with 10,000 to 50,000 Satoshis.Meanwhile, MicroStrategy continues its strategic acquisition of Bitcoin, consistently adding more to its holdings. This ongoing accumulation aligns with Mow's prediction of a potential price surge driven by MicroStrategy's stock movements. As the cryptocurrency market evolves, Mow's insights offer a glimpse into the possible future dynamics of Bitcoin's value and its role in the global economy.

According to Odaily, Moonwalker Capital investor Tatiana Koffman shared her insights in an interview, emphasizing the importance of Bitcoin in investment portfolios. Koffman stated, "I believe that if an investment account does not have at least 10% in Bitcoin or Bitcoin-related assets, it will significantly lag behind." 

According to Odaily, a recent report from the U.S. Treasury highlights Bitcoin's primary function in the decentralized finance (DeFi) sector as a store of value, often referred to as 'digital gold.' This characterization underscores Bitcoin's perceived stability and enduring value in the rapidly evolving digital currency landscape. The report, however, also cautions that speculative interest appears to play a significant role in the growth of digital tokens. This observation suggests that while Bitcoin is increasingly seen as a stable asset, the broader digital token market is still heavily influenced by speculative activities. The Treasury's insights reflect ongoing discussions about the balance between Bitcoin's utility as a stable asset and the volatility driven by speculative trading in the cryptocurrency market. As the DeFi space continues to expand, these dynamics are likely to shape the future of digital currencies and their role in global finance.

According to U.Today, Bitcoin miners have experienced a notable decline in the total Bitcoin held in wallets associated with mining activities. On-chain analytics platform Santiment reported a decrease of 85,503 BTC within a 48-hour period, marking the most significant drop since February 2024. This development has raised questions about whether it indicates selling pressure or a strategic shift among miners. While mining balances have been decreasing since the April halving, this recent drop suggests stronger implications, although it is not directly linked to price movements. The movement of over 85,000 BTC is the largest since February, a time when Bitcoin's price was below its previous all-time high of $73,000. Despite the historical significance of miner activity, Santiment suggests that mining wallets have not significantly influenced Bitcoin's price throughout much of 2024. This could imply that other market forces, such as whale activity or institutional investors, are exerting a more substantial impact on the market. Santiment describes the extreme drop as a "net-neutral" signal, indicating that it is neither bearish nor bullish. Market participants are closely monitoring this development for potential correlations with other market activities, including changes in whale behavior and notable price movements. As of the latest update, Bitcoin's price was trading at $99,091.99, reflecting a 4.27% decrease. The cryptocurrency had fallen from its historic $100,000 psychological level earlier in trading, reaching a low of $94,035 before rebounding. Stakeholders remain vigilant for any further developments that could influence Bitcoin's market dynamics.

According to U.Today, Bill Dudley, the former chairman of the New York Federal Reserve, has raised concerns about the potential inclusion of Bitcoin in the United States' national reserves. The idea of a national Bitcoin reserve has gained some support this year among policymakers and crypto enthusiasts, who argue that it could serve as a hedge against inflation and diversify U.S. financial assets. However, Dudley cautions that while cryptocurrency technology might enhance the financial system, a Bitcoin reserve could have adverse effects. Dudley elaborates that incorporating Bitcoin into national reserves could exacerbate government finances by fueling inflation and leaving the government with volatile assets that do not generate income. He also warns that such a move could undermine the dollar's status as the global reserve currency, which could be detrimental to the interests of the American people. Dudley argues that Bitcoin's volatility makes it an unsuitable medium of exchange, as it is not widely accepted as money in most countries. He points out that Bitcoin transactions are slow and costly, requiring significant computing power and energy to validate. Despite these concerns, Dudley acknowledges some positive aspects of Bitcoin, such as its portability and semi-anonymity. Bitcoin can be stored on a thumb drive and transferred globally without relying on government-regulated banks or traditional financial intermediaries. Dudley notes that if a Bitcoin reserve were established, it could lead to a surge in Bitcoin prices as investors rush to buy ahead of government purchases. However, he warns that this could also contribute to inflation, further complicating the financial landscape.

According to PANews, Bitcoin mining company Hut 8 has released its operational update for November, revealing a slight decrease in Bitcoin production compared to the previous month. The company produced 94 Bitcoins in November, down from 100 Bitcoins in October. Despite this reduction, Hut 8 maintains a substantial reserve, currently holding 9,122 Bitcoins. This update provides insight into the company's ongoing operations and its position within the cryptocurrency mining industry.

According to Odaily, recent data from Arkham monitoring indicates a substantial outflow of Bitcoin from the Bitwise Bitcoin Exchange-Traded Fund (ETF) BITB. Approximately 15 hours ago, a total of 2,583 BTC, valued at $257.15 million, was transferred from the Bitwise Bitcoin ETF to an unknown address starting with bc1q4.

According to BlockBeats, North American mining company Marathon Digital has significantly increased its Bitcoin holdings. Monitoring data from Lookonchain reveals that Marathon Digital has added 1,300 BTC to its reserves over the past seven hours. This acquisition is valued at approximately $130 million.

According to Binance Market Data, Bitcoin (BTC) dropped below 100,000 USDT and is now trading at 99,969.382813 USDT, with a 1.26% increase in 24 hours.

According to PANews, BlackRock's recently released '2025 Global Outlook' report highlights Bitcoin's potential as a new diversified asset. The report emphasizes Bitcoin's fixed supply and the growing demand driven by investor confidence in its adoption as a payment technology. This positions Bitcoin as having a lower correlation with stocks and other risk assets, suggesting its potential as a diversified investment tool alongside traditional assets like gold.The report anticipates that emerging assets such as Bitcoin and traditional assets like gold will become new tools for diversification. As demand for Bitcoin increases and its supply remains limited, its value is expected to continue rising. Notably, Bitcoin reached an all-time high following the U.S. presidential election, possibly influenced by investors considering President-elect Donald Trump's commitments. The widespread adoption of Bitcoin is expected to transform investment risk and return dynamics, potentially making it a tactical hedge against certain risks, similar to gold.Historically, investors have turned to gold to combat high inflation, and with major central banks purchasing gold as an alternative reserve currency, gold prices have surged. Understanding how these alternative assets perform compared to traditional asset classes is crucial. Given Bitcoin's role as a store of value and payment system, it holds potential as a diversified investment tool.

According to Binance Market Data, Bitcoin (BTC) crossed the 101,000 USDT benchmark and is now trading at 101,071.976563 USDT, with a 0.03% increase in 24 hours.

According to Binance Market Data, Bitcoin (BTC) crossed the 100,000 USDT benchmark and is now trading at 100,036.007813 USDT, with a 0.86% decrease in 24 hours.

According to Decrypt, the landscape of digital assets has seen a significant shift as spot Bitcoin ETFs have surpassed the holdings of Bitcoin's pseudonymous creator, Satoshi Nakamoto. As of Thursday's market close, these ETFs collectively held 1,105,690 Bitcoin, valued at $110 billion, based on data from CoinGlass. This milestone marks a pivotal moment in the maturation of the cryptocurrency market, highlighting the increasing influence of Wall Street in the digital asset space. The spot Bitcoin ETFs, issued by ten asset managers in the U.S., began trading on January 11, with the exception of Grayscale's Bitcoin Mini Trust. This development is noteworthy as it surpasses the estimated 1.1 million Bitcoin believed to be held by Nakamoto, a figure that has long been a benchmark in the crypto community. The rapid accumulation of Bitcoin by these ETFs underscores the growing acceptance and integration of Bitcoin into mainstream finance. Bloomberg ETF Analyst Eric Balchunas described the achievement as "mind-blowing," noting that these financial products, which are less than a year old, have already overtaken the holdings of Bitcoin's creator. In a recent interview with Decrypt, Balchunas had predicted that Wall Street's Bitcoin products could surpass Nakamoto's holdings by Christmas. However, the ETFs have already attracted $2.4 billion since Monday, coinciding with Bitcoin's historic rise past $100,000 on Wednesday. This development comes more than 15 years after Bitcoin's inception. Despite Nakamoto's original vision of Bitcoin as a decentralized form of electronic cash, the involvement of major Wall Street firms in the cryptocurrency market has been instrumental in driving its value upward. BlackRock, the world's largest asset manager, has played a significant role in this transformation, with its iShares Bitcoin Trust holding 521,000 Bitcoin, worth $50 billion, according to CoinGlass. The surpassing of Nakamoto's holdings by spot Bitcoin ETFs signifies a new chapter in Bitcoin's history, transitioning from an esoteric digital currency to a mainstream financial asset. As Wall Street continues to embrace Bitcoin, the cryptocurrency's integration into traditional finance is just beginning, marking a significant evolution in its journey.

According to Binance Market Data, Bitcoin (BTC) crossed the 99,000 USDT benchmark and is now trading at 99,048 USDT, with a 3.18% decrease in 24 hours.

According to Odaily, the Czech Republic has made a significant legislative decision regarding cryptocurrency taxation. The country's parliament has unanimously agreed to exempt Bitcoin held for more than three years from capital gains tax. This move is seen as a progressive step in the regulation of digital currencies, potentially encouraging long-term investment in Bitcoin within the nation.The decision aligns with a growing trend among countries to adapt their tax policies to accommodate the unique nature of cryptocurrencies. By exempting long-term Bitcoin holdings from capital gains tax, the Czech Republic aims to foster a more favorable environment for cryptocurrency investors and enthusiasts. This policy change could also position the country as a more attractive destination for crypto-related activities and investments.The exemption is expected to have a positive impact on the local cryptocurrency market, as it provides a clear incentive for investors to hold onto their Bitcoin for extended periods. This could lead to increased stability and growth within the market, as well as greater participation from both domestic and international investors. The Czech Republic's decision reflects a broader recognition of the importance of cryptocurrencies in the global financial landscape and the need for regulatory frameworks that support their development.

According to U.Today, Bitcoin recently achieved a significant milestone by surpassing the $100,000 mark for the first time in its history. This remarkable achievement occurred during late Wednesday trading, with Bitcoin reaching new all-time highs of $104,000. The event has sparked widespread reactions within the cryptocurrency community, including a notable response from Billy Markus, the cofounder of Dogecoin, who is known by the pseudonym "Shibetoshi Nakamoto" on social media platform X. Markus, recognized for his humorous and candid remarks, tweeted about Bitcoin's price, stating, "Bitcoin hasn’t broken $200k today. I am bored." While the tweet was lighthearted, it has fueled speculation about Markus's expectations for Bitcoin's future price movements. The idea of Bitcoin reaching $200,000 has been a topic of debate among enthusiasts and analysts, especially considering Bitcoin's dramatic price surge of 135% year-to-date, which enabled it to surpass the $100,000 threshold. The crypto community has been abuzz with discussions about Bitcoin's potential trajectory following Markus's tweet. Some view his comment as a playful banter, while others see it as a reflection of the ongoing narrative that Bitcoin could achieve even greater heights. Despite the ambitious nature of a $200,000 target, the cryptocurrency's history of significant price movements keeps such possibilities within the realm of consideration. In addition to Markus's remarks, Michael Saylor, cofounder and chairman of MicroStrategy, also reacted to Bitcoin's milestone by announcing plans for a "100K Party." As of the latest data from CoinMarketCap, Bitcoin's price was recorded at $102,896, marking a 7.24% increase. This surge has elevated Bitcoin's market capitalization to over $2 trillion, positioning it as a more valuable financial asset than most public companies, including giants like Nvidia Corp. and Apple Inc. The $2 trillion market value is also comparable to the entire FTSE 100 Index of British stocks. While Bitcoin's current trading price remains below the $200,000 mark, the discussions and speculations surrounding its potential continue to captivate the crypto community. As Bitcoin's price dynamics unfold, the anticipation of future milestones remains a topic of keen interest among investors and enthusiasts alike.

According to U.Today, Fundstrat's Tom Lee recently shared his insights during an interview with CNBC, suggesting that Bitcoin's recent rally could be a precursor to the performance of the S&P 500 index for the remainder of the year. Lee highlighted that the rally indicates a "pro-risk" sentiment among investors, reflecting the significant amount of capital that has remained idle over the past few years. Lee pointed out that in the coming weeks, investors will need to process a substantial amount of microdata. For instance, the Bureau of Labor Statistics is set to release its jobs report soon, which Lee believes could cause concern among investors if it turns out to be stronger than expected. Additionally, the Consumer Price Index (CPI) report for the previous month is scheduled for release on December 11, followed by the Federal Reserve's rate decision announcement on December 18. Lee suggested that once these events are behind, investors might be more inclined to participate in a potential "Santa Claus rally" during the Christmas season. Lee also mentioned that the fewest possible interest rate cuts would support a bullish outlook for 2025, potentially extending the current bullish cycle. As reported by U.Today, Bitcoin recently reached the $100,000 mark for the first time in history, although it has since fallen below this significant level. Lee had previously predicted that Bitcoin could reach $150,000 this year.

According to U.Today, the now-defunct cryptocurrency exchange Mt. Gox has recently transferred $352.69 million to two new wallets. This move follows a significant price fluctuation in Bitcoin, which saw its value drop to $92,980 after reaching a new all-time high of $103,608. Data from CoinGlass indicates that the past 24 hours have seen $892.78 million worth of cryptocurrency liquidated, with long positions making up the majority at $718.71 million. The cryptocurrency market is currently witnessing Bitcoin trading at $97,889, recovering some of its earlier losses. Notably, Mt. Gox also transferred 24,052 BTC, valued at $2.43 billion, to a new wallet shortly after Bitcoin surpassed the $100,000 milestone for the first time. This is not the first instance of significant Bitcoin transactions by Mt. Gox, as the exchange made similar moves last month. Despite these transactions, Bitcoin has continued to rally, experiencing a significant increase in value in November. Mt. Gox, which declared bankruptcy in 2014 after losing 850,000 BTC, initiated a redistribution process in June. At that time, the market anticipated that the creditors of Mt. Gox would exert considerable selling pressure, leading to a major price correction. However, the repayment deadline has been extended to late 2025, reducing the immediate threat of substantial selling pressure related to Mt. Gox. Consequently, the recent transfers by the defunct exchange have had a minimal impact on the current market dynamics.