As Bitcoin breaks records, its mainstream adoption seems all but assured. The path to $100,000 is now within reach — signaling a new era for both cryptocurrency and traditional investment portfolios.
The cryptocurrency market witnessed a powerful surge as Bitcoin reached a new high of $89,500, pushing the total market capitalization to a record level.
Bitcoin, the largest cryptocurrency, soared to a seven-month peak of $73,620 on October 29 and early October 30, marking a 5% rise within the past 24 hours.
Jeff Park, Head of Alpha Strategy at Bitwise, has predicted that Bitcoin could surge to $92,000 if Donald Trump wins the upcoming U.S. presidential election.
MicroStrategy, the tech company renowned for its aggressive Bitcoin investment strategy, has set its sights on becoming the world’s first "Bitcoin bank."
Bitcoin's price surged nearly 3%, reaching $64,000 on October 7, 2024. Altcoins are also rallying, fueling hopes for a prosperous "Uptober" among crypto investors.
Gensler reaffirms the SEC’s stance that Bitcoin is not a security while criticizing the cryptocurrency sector for widespread non-compliance and lack of transparency.