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Bitcoin (BTC) could rally to a high of $125k in late 2024 amid institutional adoption, Matrixport said in report. The crypto services provider’s Bitcoin price prediction comes amid BTC’s surge to $35k. Spot Bitcoin ETF approval could be one of the catalysts of the bull market. Bitcoin’s jump to above $35,000 this week came amid the crypto market’s latest spot Bitcoin ETF anticipation. This has the flagship cryptocurrecy looking at potentially printing the first consecutive weekly green candle since late July/early August when it went on to hit lows of $24,900 in September. BTC has notably retreated from the $35k level and is battling to strengthen above $33.5k as of Friday afternoon, October 27. What could drive Bitcoin price to $125k? While some analysts say the crypto could look to retest key support levels, crypto services platform Matrixport says in a new Bitcoin price prediction that the benchmark cryptocurrency could soar to $...

Also Read: XRP Lawyer: US SEC Hiding Secret Howey Memo To Protect Itself advertisement US SEC’s Views Made “No Sense” Seyffart explained that the agency’s views made little sense as it differentiated between the spot and futures ETF applications. Earlier, CoinGape reported that the Bloomberg analysts see a 75% chance of a spot Bitcoin ETF in 2023. Seyffart said the unanimous nature of the Grayscale filing and the decisive and harsh language that the judge used against the SEC made the analysts jump even further to raise the odds up to 75. Bitcoin ETF Approval Only A Matter Of Time The analyst reiterated that the analysts foresee the ETF approval happening and it is only a matter of time. He said the SEC has about 45 days before it can delay approve or deny and almost always they choose to delay before the final deadline. Hence, the first application that is pending next would be of Ark 21Shares Bitcoin ETF, before January 10, 202...

Renowned billionaire investor David Rubenstein reiterates his belief in the long-term viability of Bitcoin, citing the substantial institutional interest. In an interview with Bloomberg Television, Rubenstein highlighted the “enormous interest” in a currency that offers privacy and security against governmental surveillance. Rubenstein, the co-founder of The Carlyle Group, expressed his regret for not entering the Bitcoin (BTC) market earlier. He emphasized that even if authorities discourage individuals from engaging with cryptocurrencies, the inherent desire for private and untraceable transactions remains strong globally. You might also like: Tim Draper believes Bitcoin can reform global commerce The billionaire investor pointed to significant indicators of Bitcoin’s staying power. He also highlighted the intentions of established entities like BlackRock and Fidelity, which have pursued the approval of a spot Bitcoin exchange-traded fund (ETF) through t...

The Deaton Perception of XRP Holders According to Deaton, the 75,000 XRP holders are a mix of a very diverse set of individuals composed of Republicans, Democrats, Independents, Progressives, Conservatives, Capitalists, Socialists, and Libertarians amongst others.  advertisement This diversity pushed Deaton to opine that the whole crypto narrative should be a bipartisan subject. Deaton made these comments in response to earlier tweets from Jason Gottlieb who noted that though he is a Democrat, he believes in the progressive case for crypto, in contrast to the perceived crackdown on the industry as championed by Senator Elizabeth Warren and SEC Chairman, Gary Gensler. One the best things about the 75K # XRP holders who joined together, is the diversity. Republicans, Democrats, Independents, Progressives, Conservatives, Capitalists, Socialists, Libertarians, etc. Crypto should be a bipartisan issue. When it appeared to me that the incumbent… https://...