by Penny Angeles-Tan | Dec 8, 2024 | Business
Bitcoin surpasses $100,000 for the first time, marking a historic milestone in cryptocurrency’s evolution. Explore its institutional adoption, political support under President-elect Trump, and future prospects in the financial mainstream.
In a historic moment for the financial world, the price of Bitcoin surged past $100,000 for the first time on Wednesday, peaking at $103,844.05. This milestone reflects a dramatic increase of over 45% since November 5 and more than 140% year-to-date in 2024.
The rise comes amid an increasingly crypto-friendly political environment, fueled by President-elect Donald Trump’s promises to support the industry.
As you can see from the price chart above, at the time of writing this article on December 5, Bitcoin was at $101,904 with a 5.54% increase. In fact, in the last 24 hours, the price of BTC reached $112,000.
A New Chapter for Bitcoin
Bitcoin, launched 15 years ago by an unknown entity under the pseudonym Satoshi Nakamoto, has transcended its origins as an experimental digital currency. Initially envisioned as a peer-to-peer payment system, many now view Bitcoin as a store of value and a hedge against geopolitical instability and inflation.
Institutional interest in cryptocurrency has skyrocketed, with exchange-traded funds (ETFs) playing a pivotal role.
BlackRock’s iShares Bitcoin Trust ETF, the largest of its kind, has seen significant growth since its launch in January, now valued at over $45 billion.
“There’s growing interest across institutional and wealth-management spaces,” said Jay Jacobs, BlackRock’s U.S. head of thematic and active ETFs. ETFs have simplified Bitcoin investment, allowing mainstream and institutional investors to capitalize on its volatile yet lucrative price movements.
Political Winds Favoring Crypto
President-elect Donald Trump’s surprising pivot from crypto skepticism to advocacy has invigorated the industry. During his campaign, Trump pledged to establish a U.S. Bitcoin “strategic reserve,” eliminate taxes on crypto transactions, and create policies to encourage domestic Bitcoin mining.
His pick of Paul Atkins, a known crypto advocate, as the next SEC Chair signals a likely shift toward lighter regulation, contrasting with the strict enforcement under outgoing Chair Gary Gensler.
Trump’s engagement with the crypto community extends beyond policy. From headlining the Bitcoin Conference in Nashville to using Bitcoin for a high-profile purchase in Manhattan, he has actively courted the crypto demographic.
His administration also plans to establish a dedicated crypto policy role in the White House, marking an unprecedented move in U.S. financial governance.
Market Reactions and Future Prospects
Bitcoin’s rally has sparked renewed interest in the broader cryptocurrency market. Altcoins like Ethereum Classic (ETC) and Bitcoin SV (BSV) have seen double-digit percentage gains, reflecting broader market enthusiasm.
Experts suggest the bull market is far from over, with eToro’s Josh Gilbert noting, “This feels like the early stages of a sustained rally.”
However, Bitcoin’s notorious volatility remains a cautionary tale. Market analysts warn against overexuberance, emphasizing the potential for price corrections. Pav Hundal of Swyftx remarked on the momentum but advised caution, noting that “assets rarely rise in a straight line forever.”
A Paradigm Shift in Financial Markets
Bitcoin’s ascent has drawn comparisons to gold, with Federal Reserve Chair Jerome Powell describing it as a “digital competitor to gold” rather than a rival to traditional currencies. Institutional players like Fidelity, Invesco, and Charles Schwab are preparing to enter the crypto market, underscoring Bitcoin’s growing legitimacy.
Mike Novogratz, CEO of Galaxy Digital, summed up the sentiment: “We’re witnessing a paradigm shift. Bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream.”
Looking Ahead
As Trump prepares to take office in January, the cryptocurrency community is optimistic about a regulatory environment that fosters innovation and mainstream adoption. While challenges remain—from security concerns to potential regulatory hurdles—Bitcoin’s milestone signals a transformative moment for the financial landscape.
The road ahead may not be smooth, but with institutional adoption rising and political support strengthening, Bitcoin’s journey from a niche asset to a global financial staple appears inevitable. Whether this surge heralds a new era or is merely another peak in its volatile history, one thing is clear: Bitcoin has cemented its place in the financial world.
Conclusion
The strengthening of support for Bitcoin has made cryptocurrency more trusted and investors with traditional investment instruments are slowly looking at crypto. If you are one of those people, make sure to always do in-depth research, from technical to fundamental crypto tokens must be checked carefully.
You don’t need to be confused about how and where to do this reliable research. Because, Bitrue can help you. There are many features that you can use to do independent research, from checking BTC prices in real time, converting BTC prices to USD easily, to reading the latest information on the crypto ecosystem for free on the Bitrue blog.
Bitrue will be your reliable crypto investment buddy. In fact, Bitrue often holds airdrop events and deposit contests so you can get maximum benefits in investing.
by | Dec 7, 2024 | Business
Kuala Lumpur, Malaysia – 7 December 2024 – Nusantara Global Network, a leading digital marketing and business development agency, is pleased to announce a strategic partnership with MTrading, a highly respected online broker. This collaboration aims to elevate the Introducing Broker (IB) program across Southeast Asia, empowering brokers with cutting-edge tools and resources to succeed in an increasingly competitive market.
The partnership between Nusantara Global Network and MTrading marks a significant step forward in providing comprehensive support to brokers in the region, innovative trading solutions, and access to a wide range of financial instruments. Through this collaboration, brokers will be able to leverage MTrading robust platform and Nusantara’s extensive market knowledge to optimize their operations and expand their client base.
Key Benefits of the Partnership
By joining forces, Nusantara Global Network and MTrading will offer a variety of benefits for Introducing Brokers. These include access to a broad range of trading instruments such as Forex, commodities, and indices, alongside competitive spreads and superior trade execution. In addition, brokers will receive tailored marketing support, educational resources, and dedicated customer service, ensuring they have the tools needed for success.
“We are thrilled to partner with MTrading, a broker known for its commitment to delivering an outstanding trading experience,” said the CEO of Nusantara Global Network. “This partnership is designed to empower Introducing Brokers in Southeast Asia, allowing them to tap into our strengths and resources to drive business growth. We are confident this collaboration will create significant opportunities for brokers and their clients.”
MTrading: A Trusted Name in Online Trading
MTrading stands out in the online trading landscape due to its user-friendly platform, competitive trading conditions, and dedication to client success. This partnership will enable brokers to utilize MTrading’s advanced technology, including the popular MetaTrader 4 platform, which offers sophisticated trading tools and features.
“We are excited to collaborate with Nusantara Global Network to strengthen our Introducing Broker program in Southeast Asia,” said a representative from MTrading. “This partnership will not only extend our reach but also enhance the support we provide to our partners. Together, we aim to create an ecosystem where Introducing Brokers can thrive and deliver exceptional value to their clients.”
Growing Opportunities in Southeast Asia
With demand for online trading services continuing to rise in Southeast Asia, this partnership positions both companies to capitalize on the region’s growth potential. As interest in trading and investment opportunities continues to grow, the partnership aims to provide brokers with the resources they need to succeed in this dynamic market.
Nusantara Global Network and MTrading are committed to building a strong network of Introducing Brokers that can engage with clients effectively and maximize their trading experience. By combining expertise and resources, this partnership aims to set a new standard for broker support and success in the region.
About MTrading
MTrading is an online brokerage firm that provides a wide range of trading services across various asset classes, including Forex, commodities, and indices. Known for its user-friendly platform and exceptional customer support, MTrading is dedicated to empowering traders and brokers with the tools and resources needed for successful trading.
by Penny Angeles-Tan | Dec 7, 2024 | Business
Explore Ethereum’s (ETH) journey to $3,900 and beyond with bullish predictions for 2025 and 2030. Discover key drivers like institutional inflows, whale activity, DeFi growth, and network upgrades, alongside critical resistance levels and long-term outlooks.
As the second-largest cryptocurrency by market capitalization, Ethereum (ETH) continues to captivate the market’s attention. Amid broader volatility, ETH’s performance suggests strong bullish momentum, supported by institutional interest, increasing on-chain activity, and favorable market sentiment.
Recent Performance and Price Movement
At the time of writing, ETH is trading at $3,895 after experiencing a 5.06% increase with its highest price in 24 hours being $3,901. The current ETH RSI value is even at 72 which means the buying trend is more dominant than the selling trend, even tending to be overbought.
The daily trading volume surged by 4% to over $42 billion, reflecting heightened investor activity. ETH has rebounded above the critical $3,500 resistance level, with technical indicators like the 50-day EMA crossing above the 200-day EMA signaling potential for further gains.
The uptrend aligns with a broader market shift. Bitcoin (BTC) recently reached $100,000, boosting investor confidence across the altcoin market, including Ethereum. However, ETH’s price remains 21% below its all-time high (ATH) of $4,891, set in November 2021.
Institutional Activity and ETFs Driving Growth
Institutional interest in Ethereum has intensified, particularly through exchange-traded funds (ETFs). U.S.—based spot Ethereum ETFs reported eight consecutive days of net inflows, totaling $901.3 million as of early December.
Key contributors include BlackRock’s ETHA fund, with $65.3 million in inflows, and Fidelity’s FETH fund, with $73.7 million.
Despite outflows from Grayscale’s Ethereum Trust (ETHE), the overall inflow trend indicates growing confidence among institutional investors, further supporting Ethereum’s price trajectory.
Whale and Retail Activity Boost On-Chain Metrics
Ethereum whales have played a pivotal role in recent price movements. Whales holding 10K to 100K ETH increased their holdings by 460K ETH in the past week, while those with larger stakes (100K to 1 million ETH) reduced theirs by 490K ETH. This redistribution suggests a shift of ETH from institutions to retail whales.
On-chain activity has also intensified, with Ethereum registering a net outflow of $820 million from exchanges over seven days, indicating accumulation by long-term holders. The total number of Ethereum holders rose to 133.21 million on December 4, emphasizing rising retail interest.
DeFi and Network Growth
Ethereum’s decentralized finance (DeFi) sector continues to thrive, with total value locked (TVL) reaching $72.9 billion. This robust ecosystem supports broader adoption and reinforces Ethereum’s position as a foundational blockchain for DeFi, NFTs, and decentralized applications.
Furthermore, staking flows have seen consistent inflows, reflecting long-term investor confidence. A growing amount of ETH is being locked in staking protocols, reducing available supply and supporting price appreciation.
ETH Price Predictions in 2025 & 2030 and Market Sentiment
Industry experts and financial institutions are optimistic about Ethereum’s long-term potential:
- Deltec Bank predicts ETH could reach $10,000 by 2025 and $22,500 by 2030.
- Standard Chartered projects a 2025 target of $14,000, citing Ethereum’s network upgrades and potential scalability improvements.
- Gigantic-Cassocked-Rebirth (GCR) anticipates a $10,000 price point, driven by DeFi growth and adoption of Ethereum 2.0.
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Finder analysts forecast an average price of $6,105 by 2025, underpinned by institutional investment and technological advancements.
Goldman Sachs has even suggested that Ethereum could surpass Bitcoin as a store of value, thanks to its extensive use in DeFi and its foundational role in blockchain innovation.
Challenges and Key Levels to Watch
While optimism abounds, Ethereum faces significant resistance at $4,000 and its ATH near $4,891. A clear break above these levels, supported by sustained volume and on-chain activity, could validate bullish patterns like the cup-and-handle formation, potentially driving ETH toward new highs of $7,000 or beyond.
However, a daily close below $3,400 could invalidate the current bullish thesis, sending ETH toward support levels around $2,817.
Conclusion
Ethereum’s recent rally is a confluence of institutional interest, strong on-chain metrics, and technological advancements. As it edges closer to the psychologically significant $4,000 mark, ETH appears poised for a defining move. While risks remain, the long-term outlook for the leading altcoin remains promising, with the potential to reclaim its ATH and embark on a new bullish cycle.
Investors should monitor critical resistance levels, market sentiment, and macroeconomic conditions to navigate the evolving landscape effectively.
by | Dec 6, 2024 | Business
Manila, Philippines – December 7, 2024, Kwento Co (and Boost Gio) are excited to team up as official media partners for Howlers Manila 3.0. This event is an epic cosplay and music festival set to take place at the CCP Open Grounds. It is highly anticipated because it will showcase performances from both international and local artists. There will also be a Guinness World Record attempt, however, the highlight will be an electrifying display of cosplayers and gaming enthusiasts. Although there’s a lot to look forward to, fans are eager to see what surprises await them!
Event Highlights:
The event is set to be a star-studded spectacle, featuring popular acts like Gym Class Heroes, Rico Blanco, James Reid, Flow G, G22 and many more. These artists will hit the stage (providing) unforgettable performances. Moreover, there’s a Guinness World Record attempt in the works: the goal is to break the record for the most cosplayers dressed as video game characters. Although it sounds challenging, this will definitely attract a lot of attention.
In addition, there will be a Cosplay Meet and Greet, showcasing top-tier cosplayers like Prince De Guzman, Awie, Roxanne and ZackT. This is a must-attend experience for fans and followers because it offers a unique chance to connect with their favorite characters. As media partners, Kwento Co and Boost Gio will provide the latest updates, exclusive behind-the-scenes coverage and a closer look at the event’s activities, artists and participants. Both platforms are committed to amplifying the excitement surrounding Howlers Manila 3.0, reaching audiences not just in the Philippines, but also beyond.
Ticket Information:
Silver: PHP 388
Gold: PHP 588
VIP: PHP 1,988
SVIP: PHP 3,988
Don’t miss this (extraordinary) day of entertainment and fandom! For more details, visit Howlers Manila: it’s a great place to learn more. Also, follow Kwento Co and Boost Gio for ongoing updates. However, be sure to check back often because you won’t want to miss anything exciting. Although it may seem overwhelming at first, this event promises to be fun!
About Kwento Co:
Kwento Co is a vibrant platform that brings stories and events to life (through captivating content). It engages audiences with real-time updates and creative coverage. However, many people may wonder how it achieves this. The answer is simple: it combines creativity with technology. Although some might think it’s easy, the process requires a lot of effort. This is why Kwento Co stands out in the crowded market. It’s not just about sharing stories; it’s about making them come alive.
About Boost Gio:
Boost Gio is your top source for lifestyle inspiration (it delivers powerful insights). Its results-driven content aims to help you level up your everyday experiences. However, many people may not realize how impactful these insights can be. This platform provides valuable information that can change your daily life. Although some might think it’s just another website, it offers unique perspectives. Because of this, you can find motivation and ideas that resonate with your personal journey.
by | Dec 6, 2024 | Business
Motivation drives success, fuels determination, and turns dreams into reality. However, when does it matter the most? Identifying the key moments (where motivation makes all the difference) can help us push forward when it counts. The Importance of Motivation During Challenges: facing difficulties is a part of life. Motivation becomes crucial (especially) when obstacles seem impossible. Although it can be hard to stay motivated, doing so makes sure we keep moving forward. Whether it’s overcoming professional setbacks, academic struggles, or personal hardships, staying motivated gives us the energy to tackle problems head-on and find solutions. This is why (we need to keep pushing) ourselves, even if the going gets tough.
Dealing With Setbacks
Setbacks can shake our confidence. Motivation (which is super important) helps us rebuild and refocus. For instance, losing a job may feel devastating; however, staying determined can lead to better opportunities. Motivation encourages resilience (a key trait) for bouncing back. Although it can be tough at times, this is how we grow stronger. Because of motivation, we can overcome challenges, but it takes effort.
Managing Stressful Situations
Stress drains energy (which can affect how well we work) and hinders productivity. Staying motivated helps channel stress into actionable steps. For instance, during exams or deadlines, motivation pushes individuals to prepare effectively. However, it can be tough to stay focused. Although anxiety is a common feeling, this motivation can help combat it (because it encourages people to take action instead of giving in to stress).
When Starting a New Journey
Beginnings are exciting (however) they can also be overwhelming. Whether you’re launching a business, pursuing a new hobby, or starting a fitness regimen, motivation plays a pivotal role: it sets the tone and keeps the momentum going. This is important because, without motivation, one might struggle to continue. Although the start can be tough, it’s crucial to find ways to stay inspired. But remember, every journey has its challenges, and facing them helps you grow.
Setting Clear Goals
Motivation thrives on clarity (this is important). When you define specific and achievable goals, it ensures a sense of direction. For example: when starting a new project, having clear objectives can fuel enthusiasm; however, it also helps keep distractions at bay. Although it might seem simple, clarity is key to staying focused and driven. Because without it, people can easily lose their way. This can lead to frustration and decreased motivation.
Sustaining Early Progress
Making initial progress can be motivating (for a lot of people); however, it’s easy to lose steam later on. Consistent reminders of the end goal are important because they help maintain motivation during the first phases. Small wins should be celebrated (this is super crucial) to reinforce commitment. Although it may seem simple, these steps can make a big difference.
Motivation in Moments of Uncertainty
Uncertainty breeds fear (this is a fact), however, motivation helps people navigate through ambiguity. It allows individuals to focus on what they can control: taking proactive steps. Although the fear may linger, finding motivation can make a huge difference. Because of this, it’s really important to seek out ways to stay motivated in uncertain times.
Facing Major Decisions
Life-changing decisions often bring doubts (1). Motivation gives individuals the strength to trust their instincts and it guides them toward paths that match their goals. It can change fear into confidence; however, this journey can be tough. Although many people wish to make the right choice, they might hesitate because of uncertainty. But with the right motivation, individuals can conquer their fears.
Adapting to Change
Changes (even when they’re good) can be a bit unsettling. Motivation helps people embrace new environments, roles, or responsibilities; it encourages growth and the exploration of new possibilities. However, some individuals may struggle with this adjustment because they find comfort in what they know. Although change can be tough, it often leads to valuable experiences and personal growth.
Motivation for Long-Term Success
Long-term success (1) doesn’t just appear out of nowhere. Motivation acts as the guiding force during this journey, helping to keep consistency and perseverance alive. However, some people may find it hard to stay motivated, especially when challenges arise. Although it can be difficult, it’s essential to remember that the path to success requires time. This journey is not only about reaching the end goal; it’s also about the experiences learned along the way. Because of this, individuals should concentrate on their progress, even if it seems slow sometimes.
Staying Committed to Dreams
Chasing dreams (or going after them) requires a strong commitment. Motivation helps people remain focused; however, it can be difficult when progress seems slow. It acts as a reminder of their purpose and the final reward (which is achieving their goals). Although challenges might come up, this commitment is what fuels success.
Overcoming Plateaus
Reaching a plateau can be discouraging (1). However, motivation can reignite passion and push individuals to explore new strategies. This is important (because) whether it’s in fitness, career, or creative pursuits, staying inspired helps ensure continued growth. Although it may be tough at times, remember that every effort counts. But don’t give up!
Motivation is (undoubtedly) the lifeblood of progress: especially in critical moments. It fuels our resilience during challenges and keeps our energy up in new endeavors. However, it also brings clarity when things are uncertain. By staying motivated, we can get past obstacles and welcome change. Although it can be tough sometimes, we can reach long-term success. This is why tapping into motivation when it counts is so crucial (for discovering) your true potential.
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