Bitcoin Surges to New Heights Amidst Political Shifts
The cryptocurrency market is witnessing a remarkable surge as Bitcoin rallies past $93,000 following the recent U.S. elections. According to Investor's Business Daily, President-elect Donald Trump's pro-crypto stance during his campaign has fueled optimism for digital assets like Bitcoin and related stocks such as Coinbase Global (COIN) and Robinhood Markets (HOOD). Analysts from Bernstein have urged investors to increase their exposure to the crypto industry in light of anticipated favorable regulatory changes under Trump’s administration.
This bullish sentiment comes with predictions that Bitcoin could reach $100,000 by year-end, driven by increased investor interest and significant inflows into spot bitcoin ETFs. However, experts caution new investors about potential risks associated with volatile markets and malicious activities targeting newcomers.
Massive Crypto Heist Leads to Prison Sentence
A major legal development in the world of cryptocurrencies was reported by Fortune: Ilya Lichtenstein received a five-year prison sentence for orchestrating one of the largest thefts ever from a virtual currency exchange. In 2016, he hacked Bitfinex and stole approximately 120,000 bitcoins worth over $7 billion today. His wife Heather Morgan aided him in laundering these funds through complex transactions across multiple platforms.
Lichtenstein expressed remorse for his actions at sentencing while prosecutors highlighted the meticulous planning involved in this crime spree, which lasted several years before authorities intervened. The case underscores ongoing challenges faced by law enforcement agencies dealing with sophisticated cybercriminals exploiting vulnerabilities within emerging financial technologies.
Ethereum Whales Signal Market Rebound Despite Price Corrections
Finance Magnates reports on renewed activity among Ethereum whales who are accumulating large amounts of ETH despite recent price corrections affecting both Ether and broader crypto markets, including Bitcoin ETFs experiencing substantial outflows recently totaling hundreds of millions of dollars withdrawn last Thursday alone, according to Coindesk's data analysis shared publicly online earlier this week.
Sources:
- Bitcoin Punches Past Another Record, Zeroes In On $100,000
- Bitcoin thief sentenced to 5 years in prison for stealing $1 billion in crypto and laundering it with his social-media rapper wife ‘Razzlekhan’
- JAN3 CEO Samson Mow Doubles Down on $1 Million BTC Prediction Following U.S. Debt Escape Event
- Bitcoin Weekly Forecast: New high of $100K or correction to $78K?
- First Mover Americas: Bitcoin Shaky as Traders Bank Profits
- Senator Lummis’ Proposal for BITCOIN Act – Sell Fed’s Gold, as BTC Overtakes Silver
- Ethereum Whale Activity Signals Rebound, Defying Price Correction
- Can Ethereum (ETH) Rally to New All-Time Highs Like Bitcoin (BTC)? Here's When It Could Happen |
- Bitcoin and Ethereum ETFs Break Streak, See First Outflows Since Trump Election Victory
- BlockDAG’s 100% Bonus Draws a Banker Who Profited Massively from Ethereum — Is It the Right Move?
- Analyst Says Ethereum-Based Altcoin Is Primed To Soar by Over 150%, Maps Path Forward for Bitcoin
- BlockDAG’s New BULLRUN100 Bonus Sparks Demand Surge; Ethereum Eyes $6,000 Goal & Tron Sets Transaction
- Altcoin Season is Just About to Start - Best Low-Entry Altcoins To Grab and Hold Ahead of the Rally
- Which Altcoin Should I Buy for the Bull Run? Analysis of Solana, XRP, Ethereum, and JetBolt
- Best Altcoins to Buy Now With Minimal Investments: Turn $100 into $10,000 With These Five Key Picks
- Gary Gensler claims SEC helped crypto, takes credit for Bitcoin ETFs, dismisses altcoins and hints at resignation
- Bitcoin’s Passing The Baton To Altcoins (Cryptocurrency:BTC-USD)
- Could Bitcoin At $100K Trigger a Surge in Altcoins?
- Michael Saylor’s Bitcoin Price Prediction: No Dip, BTC Price to Hit $100K by Year-End
- EUR/BTC Down by 80% Since This Scary ECB Prediction for Crypto
- Binance P2P Africa Promotion Offers 200 USDT Rewards for BTC Price Predictions
- Top Platform Says Bitcoin $120,000 May Not Be Too Far Off With Trump’s Reserve Plan
- MicroStrategy Founder Confident Bitcoin Will Reach $100K in November or December
- Why Ethereum Price is Up 0.87% Today as ETH Trades At $3088?
- Best Cryptos To Watch Closely This Week: ETH, ATOM & SOL
- Wallet Analysis Shows ETH Whales Bought Over 5% of DTX Exchange Stage 5 After Ethereum Price Volatility |
- The end of mandatory broker fees; the return of congestion pricing
- Pelicans news: Jose Alvarado injury update, timetable for Zion, CJ, etc.
- Pitt Vs. West Virginia Preview: Time, Channel, Betting Info, Etc.
- Pelicans news: Jose Alvarado injury update, timetable for Zion, CJ, etc.
- Troy Reimink: I blame 'Parks and Rec' for the election
- Bitcoin hot on the heels of Google as market cap nears $2 trillion
- Bitcoin Nearing $2 Trillion in Market Capitalization as Standard Chartered Projects $10 Trillion Crypto Market
- VanEck CEO Boldly Predicts Bitcoin At $300K Per Coin, Reaching Half Of Gold's Market Cap In The Face Of Growing Demand
- Bitcoin Rally Powering Crypto Stocks
- Solana Meme Coin Litecoin Mascot Surges to $120M Market Cap in Record Time
- Moo Deng Defies Sideways Market, Reaches All-Time High and $600 Million Market Cap
