🏃 Bitcoin Price Predictions for End of 2024 and the Forecasted Outlook for 2025
🤍 Over the past week, bitcoin has been bouncing between $59,019 and $63,794 per unit. While prices have slipped slightly—down 1.29% for October so far—there’s still plenty of optimism that ‘Uptober’ will live up to its reputation. After all, October has historically been a good month for bitcoin, with enthusiasts eagerly awaiting a potential rally as we head deeper into the next few months.
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https://t.me/ubicenttbot?start=933480228
$300 Million in UBI-Dollar stablecoin to be distributed.
Join the UBIC Revolution as we journey to 1 billion on-chain users
14,400 UBIC when you select country.
1,440 UBIC every 12 hour Tap-ins.
144 UBIC for every referral. choose nigeria as ur region
Double accounts will be blacklisted.
⚡️China Announced New Economic Stimulus, But Has Not Yet Detailed Its Plan
⏺China has announced new stimulus plans, promising to soon introduce a package of additional fiscal policy measures to support economic development. It is reported that the package includes a significant increase in public debt, measures to support consumers, local authorities, subsidies for the poor, recapitalization of banks, measures to stabilize real estate markets.
⏺However, during Saturday's press conference, specific details of the plan and, most importantly, numbers were not yet announced, which is likely to prolong nervousness in the markets in anticipation of a clearer policy roadmap of the Chinese authorities. China's legislature is expected to meet in the coming weeks to approve additional debt issuance.
⏺A wide range of economic data in recent months has fallen short of forecasts, raising fears among economists and investors that the government's goal of growing the economy by about 5% this year is in jeopardy and that a longer-term structural decline could occur. Data for September, due out next week, is expected to show a further decline, but officials said they were "fully confident" the 2024 target would be met.
⏺New fiscal stimulus was the subject of intense speculation in global financial markets after a September meeting of the Communist Party's Central Committee Politburo signaled a heightened sense of economic urgency.
➡️ Mt. Gox trustee postpones deadline to repay creditors by one year to October 2025, reducing sell pressure concerns for #Bitcoin 🪙
♨️ MicroStrategy stock has outperformed 100% of companies in the S&P 500 because of #Bitcoin 🔥
🛠 Ethereum Holds Steady as Developers Focus on Scalability Amid ETF Approval Concerns:
Despite lower-than-expected demand for Ethereum ETFs, Ethereum (ETH) remains stable, driven by ongoing development efforts to improve its scalability. With new upgrades in the pipeline and the launch of more Layer-2 solutions, ETH continues to maintain its position as the dominant blockchain for DeFi applications. 💻
🪙 Global wealth managers are starting to allocate more funds to #Bitcoin.
⭐️ This signals a huge decade ahead for $BTC, according to experts at Bitcoin Amsterdam 2024.
⚡️Canadian Bank TD Bank Will Pay Colossal Fines Worth $3 Billion To US Authorities
⏺Canadian bank TD Bank has pleaded guilty to money laundering and will pay $3 billion in fines. According to the court decision, the US Department of Justice and federal financial regulators will receive money. The bank failed to control money laundering by drug traffickers and other criminals, a judge ruled.
⏺As part of the deal, TD Bank, whose U.S. unit is the 10th largest U.S. bank by assets, is accepting limits on its growth, the Office of the Comptroller of the Currency said Thursday. The combined assets of TD Bank's two U.S. subsidiaries will not exceed $434 billion.
⏺Attorney General Merrick Garland said will monitor the bank's compliance with anti-money laundering practices for three years as part of a settlement with the Justice Department that will receive $1.8 billion due to the bank's guilty plea in federal court
⏺Garland said that over a six-year period ending last October, TD Bank failed to track a staggering $18.3 trillion in customer activity, allowing three money laundering networks to move more than $670 million through bank accounts.
🎁 SUI's Fully Diluted Market Cap Breaks $19 Billion
💙 In comparison, media conglomerate Warner Bros has a market cap is $18.9 billion.
⚡️Huawei Has Overtaken Apple In China Sales For The First Time In 46 Months
⏺Chinese company, under US sanctions, continues to build on the success of last year's 5G smartphone. That's consistent with findings from government think tank China Academy of Information and Communications Technology, which reported a 12.7% year-on-year decline in smartphone shipments abroad, including Apple's iPhone, in the same month. Those shipments fell to 1.87 million units in August from 2.14 million a year earlier as domestic smartphone shipments rose 26.7% to 24.05 million over the same period.
⏺The competition between Huawei and Apple in the world's biggest smartphone market has taken on new significance as the Shenzhen-based telecom equipment giant experiences a revival in its mobile phone business amid the US tech giant's recent troubles on the mainland.
⏺Strong demand for Huawei's high-end phone models such as the Mate and Pura series, as well as foldable smartphones such as the recently introduced Mate XT, helped push the company's average selling price and wholesale revenue to record highs in the second quarter, according to TechInsights. It said China remains Huawei's main market, accounting for 89% of global smartphone shipments.
😮💨 Tucker Carlson on #Bitcoin: I think it's really important that the people in charge not have a monopoly on the money." 👀
🔍 Polymarket's Prediction Market: A Challenging Landscape for Crypto Bettors
🗣️ Onchain data reveals a stark reality in the world of crypto prediction markets, with only 12.7% of Polymarket users reporting profits. The decentralized platform, which allows cryptocurrency enthusiasts to bet on world events, has seen the majority of its 171,113 wallets fail to turn a profit. Most successful traders earned less than $100, while only a small fraction managed to surpass the $1,000 mark.
📣 Despite these challenging odds, interest in crypto gambling remains high. Polymarket has facilitated 10.8 million betting trades, with recent daily volumes exceeding 300,000 due to current global events and the upcoming U.S. presidential election. The platform's open interest stands at an impressive $161.1 million, indicating continued engagement from participants despite the low success rate.
💬 What factors do you think contribute to the low percentage of profitable wallets on Polymarket, and how might this data impact the future of crypto prediction markets?
🥸 Peter Brandt’s Bullish Bitcoin Forecast: $135K by 2025, but $48K Is the Line in the Sand
🔗 On Wednesday, seasoned trader Peter Brandt shared his long-term perspective on bitcoin, predicting it could reach $135,000 by August or September 2025. This forecast comes with a key caveat: for the projection to hold, bitcoin must stay above a crucial support level of $48,000. Should it drop below this mark, Brandt suggests his current chart analysis would no longer be valid 👀
🎇 Strike CEO Jack Mallers says, “No one controls #Bitcoin. The identity of who discovered it is irrelevant.”
💱 “Enough with the Satoshi speculation.” 📢
💵 Bitcoin ETFs Jump by $235M, Ether Funds Experience No Change
🔥 According to the latest figures from sosovalue thespot bitcoin exchange-traded funds (ETFs) welcomed an impressive $235.19 million in inflows. Meanwhile, spot ether funds had a completely neutral day, with neither gains nor losses recorded
🪙 Ethereum Technical Analysis: Oscillators and Moving Averages Hint at Bearish Trend
📢 As of Oct. 7, 2024, ethereum is trading between $2,467 and $2,473, with its market capitalization standing at $297 billion. Over the past 24 hours, its price has moved within a range of $2,416 to $2,510, accompanied by a trading volume of $12.87 billion. The 1-hour, 4-hour, and daily charts all suggest the market is in a holding pattern, as traders anticipate a clearer direction for ethereum’s next move.
Crypto Insight 🔎
🪙 Bitcoin is the best-performing asset so far this year - NYDIG 🔒
There is no second best 🙈
🚀 Bitcoin: Still the Best-Performing Asset After Weak Q3:
Despite a "seasonally weak" Q3, Bitcoin remains the best-performing asset of the year, boasting a 49.2% year-to-date gain. 📊 Key factors behind this performance include demand from U.S. spot ETFs and increased corporate ownership by firms like MicroStrategy and Marathon Digital. The upcoming U.S. election is expected to play a significant role in market movements for Q4, with predictions suggesting a bullish period ahead. 🗳️
🪙 Bitcoin Transfer Volumes Soar in 2024, Set to Break 2023’s Record in 2 Weeks
🏠 According to recent data, the five busiest days for bitcoin transfers on the network occurred in 2024. The all-time peak was at the end of April, with the second-highest transaction day recorded on Sept. 8. In its more than 15 years of operation, the Bitcoin network has witnessed daily transfer records grow annually for nine of the past 15 years.
