Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called "crypto winter" is over.
The news came directly from the horse's mouth, particularly from Mahindra group Chairman Anand Mahindra, whose statement suggested that the automaker' decision to embrace cryptocurrency could be a potentially game-changing move.
The Kremlin has tried to evade the sanctions, aimed at isolating its economy, using cryptocurrency and blockchain technology.
"Cyber-criminals should heed this message: we will follow the money and hold you accountable... no matter how long it takes," said Damian Williams, the U.S. Attorney for the Southern District of New York.
"The partnership will cover $Cashtags representing a wide range of instruments on the eToro platform, from stocks and ETFs to crypto and commodities," eToro's press release said.
"Investors transfer tokens from exchange wallets to their personal wallets when they intend to hold them (or HODL), indicating a potential decrease in sell pressure."
The software company now holds around 140,000 BTC from an aggregate purchase price of around $4.7 billion, with an average purchase price of $29,803 per BTC.
Bitcoin has given birth to more investors turning into long-term holders.
Kennedy Jr. alleged that the current administration has relentlessly launched a "steady barrage of hostile broadsides against cryptocurrencies."
The government's plans for the creation of a CBDC greases "the slippery slope to financial slavery and political tyranny," the aspiring U.S. presidential candidate said.
An analyst said that the situation is "more indicative of the institutional reluctance to offer liquidity in the space," adding that "a lot of crypto firms don't want to get caught in the middle of a battle between US regulators and exchanges."
"When you put out a seemingly unachievable goal, the innovation that happens can be incredible," LunarCrush CEO Joe Vezzani said.
High-technology stocks and cryptocurrencies are rallying like they did in March 2020, but analysts and investors are uncertain how long it will last.
The easing of inflation comes at a time when higher interest rates have begun to take their toll on the nation's regional banks.
How and why Bitcoin is managing to stay buoyant in this harsh environment is a mystery to many.
Saylor, who is now MicroStrategy's executive chairman, started investing in Bitcoin in August 2020 and said that the acquisition was part of the company's strategic focus.
Bullish bitcoin has been a surprise winner of the banking blowout.
"Next Saturday, the BTC Monthly Candle will have closed above the Macro Downtrend to confirm a new Bull Market," a crypto analyst said.
A crypto analyst mentioned altcoins and noted that the tokens' rally could happen when Bitcoin dominance retraces on its way to soaring over 52%.
The Federal Reserve once again raised interest rates by 25 bps during its meeting on Wednesday with FOMC chair Jerome Powell noting that "we no longer expect that ongoing rate increases will be appropriate."
Traders and investors were encouraged by comments made by U.S. Treasury Secretary Janet Yellen, reassuring bankers that regulators are prepared to protect depositors of smaller U.S. banks.
"MicroStrategy has survived a crypto ice age and now has an opportunity to take advantage of growing interest in DeFi and all the other crypto protocols with better growth potential," a senior market analyst said.
