Nvidia just delivered yet another one of the most anticipated earnings reports of the year, and the numbers are wild. Third-quarter revenue hit $35.08 billion — a 94% jump from last year. Net income soared an even crazier 109%, landing at $19.3 billion. Wall Street’s verdict? “Meh.” Nvidia shares dropped 2.5% in after-hours trading, proving
Cryptopolitan 2024-11-21 08:05
Ethereum’s performance remains overshadowed by Bitcoin, yet analysts see key metrics indicating a potential turnaround. Increased inflows into Ethereum spot ETFs and rising market indicators suggest that ETH could drive
CoinOtag 2024-11-21 08:03
The recent auction of Maurizio Cattelan’s “Comedian,” a duct-taped banana, has sparked significant conversations about the intertwining worlds of art and cryptocurrency. Not only did the artwork sell for a
CoinOtag 2024-11-21 07:57
The odds of Bitcoin hitting $100,000 this November have surged on Polymarket
U.Today 2024-11-21 07:53
In a shocking revelation, crypto phishing scammers have disclosed that they are targeting high-profile executives and software engineers for lucrative gains. These sophisticated attacks are being executed using leaked data,
CoinOtag 2024-11-21 07:48
The recent plunge in the Ether-to-Bitcoin price ratio has marked a significant shift in the cryptocurrency landscape, reflecting evolving market dynamics. As Bitcoin nears the psychological milestone of $100,000, Ethereum
CoinOtag 2024-11-21 07:38
The recent debut of options trading for the first spot Bitcoin ETF marks a significant turning point in the cryptocurrency investment landscape. The activity around this new financial instrument has
CoinOtag 2024-11-21 07:31
Mike Novogratz, the founder and CEO of Galaxy Digital Holdings—a leading crypto investment firm listed on the Toronto Stock Exchange—has signaled a significant shift in the global adoption of Bitcoin. In a post on Tuesday via X, Novogratz declared that countries are already purchasing Bitcoin. Nation-State Bitcoin FOMO Is Real “Countries are already buying BTC in huge volumes—these are massive pools of capital entering the market. We’re witnessing global adoption at scale and the next rally could be massive. Buckle up. Caught up last week with Bloomberg TV, he stated via X. In the Bloomberg interview, Novogratz elaborated on the unprecedented interest from sovereign entities. He mentioned a close associate—the person who introduced him to BTC in 2013—who is currently in the Middle East. “He’s never seen anything like it,” Novogratz said. “He’s convincing more people to buy Bitcoin in the three days he’s been there than any time in his whole career, and they’re huge pools of capital. And so we’re seeing something globally.” Related Reading: US Bitcoin Reserve Will Push Price Above $1 Million, Expert Predicts Novogratz noted that when former President Donald Trump advocated in Nashville that he intended to be a “crypto president” and a “Bitcoin president,” it caught the attention of international leaders. “Other leaders heard that,” he remarked, suggesting that geopolitical factors could contribute to an “amazing rally” in the Bitcoin market. When questioned about the likelihood of the United States establishing a Strategic BTC Reserve under a Trump presidency, Novogratz remained cautious. “I still think it’s a low probability,” he stated. He cited the complexities of US legislative processes, emphasizing that while the executive branch or the House might show enthusiasm, the Senate often urges restraint. “That’s the role of the Senate,” he said, pointing out that Republicans do not hold a 60-seat majority necessary to push through such initiatives unilaterally. Nonetheless, Novogratz acknowledged the potential benefits of the US embracing Bitcoin at a strategic level. “It would be very smart for the United States to take the Bitcoin they have and maybe add some to it,” he suggested, adding that it would signal a commitment to being a “technology-first country, a crypto and digital asset-first country.” While he doesn’t believe the US dollar requires backing by Bitcoin, he admitted that if a Strategic Bitcoin Reserve were established, “Bitcoin heads to $500,000.” Related Reading: BitMEX Founder Predicts How Bitcoin Goes To $1 Million Under Trump He added: “If it happens in the short term without a Strategic Bitcoin Reserve, it’s going to mean six, seven, eight years,” Novogratz cautioned. “Then it’s just a scramble to get the hot commodity.” He expressed concerns that such a scenario could be indicative of hyperinflation, which historically leads to societal instability. “In every country that experiences hyperinflation, the results are really crappy,” he noted. Discussing Bitcoin’s potential to rival gold as a store of value, Novogratz highlighted a generational shift in investment preferences. “The total market cap of gold is like $16 trillion,” he explained, which translates to approximately $800,000 per BTC if it were to reach parity. “When does Bitcoin become gold?” he asked rhetorically. Novogratz, who is turning 60 next week, admitted he still owns gold, calling himself “an old guy.” However, he pointed out that younger generations are less inclined to invest in gold. “Forty-year-olds own no gold. Thirty-year-olds own none,” he observed. “As we see this generational shift, Bitcoin should match gold within five or ten years, and that gets you to $800,000.” At press time, BTC traded at $93,000. Featured image from YouTube, chart from TradingView.com
NewsBTC 2024-11-21 07:30
Are we witnessing the dawn of a new era?
AMB Crypto 2024-11-21 07:30
Bitcoin, the biggest crypto, on Thursday morning breached past the much anticipated $97,000 level marking a new all-time high. BTC stood just 3% away from hitting the iconic $100K milestone. Optimism about crypto’s future in the United States is fueling the rally. The cumulative crypto market cap surged by more than 3% in the last
Cryptopolitan 2024-11-21 07:25
On November 21st, COINOTAG News reported significant trading activity within the *Bitcoin Industrial Complex*, with volumes exceeding $50 billion. This figure aligns with the average daily trading volume of the
CoinOtag 2024-11-21 07:19
Bitcoin prices have hit another all-time high as the asset inches closer to the milestone six-figure valuation.
Crypto Potato 2024-11-21 07:10
Bitcoin pulls in $97k, sets sight for $100k
