Cointime

Download App
iOS & Android

Bitcoin

BTC

ALL From Bitcoin

Standard Chartered Bank: Bitcoin is still expected to reach $100,000 by the end of 2024

Standard Chartered Bank has reiterated its prediction from April that Bitcoin (BTC) will reach $100,000 by the end of 2024. The bank's Geoff Kendrick and team wrote that the next catalyst will be the approval of several US spot Bitcoin ETFs, which they expect "may come sooner than expected." The report states: "In short, everything is going as expected. Bitcoin's dominant position remains intact - its share of the overall market value of digital assets has increased from 45% in April to 50%. We now expect prices to rise more than before, especially with the launch of US spot ETFs earlier than expected, before the halving. This suggests that BTC may reach $100,000 by the end of 2024."

The first Bitcoin halving occurred 11 years ago today

According to CoinGecko's post on X platform, the first Bitcoin halving occurred 11 years ago today. Subsequent halvings occurred in 2016 and 2020, with the next halving expected in April 2024.
The first Bitcoin halving occurred 11 years ago today

BRC20 token MKBI has been opened for public minting

On November 28th, the public minting of BRC20 token MKBI has started, and the MKBI.org minting plan is progressing rapidly, with 329 copies minted. MKBI is a Bitcoin ecological cross-chain platform, with BTC as its reward.

798 BTC transferred from Binance

According to Whale Alert monitoring, 798 BTC (about $29.66 million) was transferred from Binance to an unknown wallet.
798 BTC transferred from Binance

LD Capital: The private use rate of Bitcoin in El Salvador is low, with only 1% of remittances in the past six months being in Bitcoin.

LD Capital researcher @kanazawa0x0 stated on X platform that the civilian usage rate of Bitcoin in El Salvador is low, with only 1% of remittances in the past six months being made in Bitcoin, but it has driven the rebound of El Salvador's national debt. Bitcoin has not become a trend as a currency, but has become a reserve asset that outperforms the US dollar.
LD Capital: The private use rate of Bitcoin in El Salvador is low, with only 1% of remittances in the past six months being in Bitcoin.

LinChen: The futures premium of BTC and ETH on CME reached 1.5%, close to the bull market level in March 2021

Lin Chen, the head of Deribit Asia-Pacific business, tweeted that the futures premium for BTC and ETH on CME has reached about 1.5%, which is close to the market situation during the bull market period in March 2021. The market is voting with its feet to show how certain it is about the approval of spot ETFs.
LinChen: The futures premium of BTC and ETH on CME reached 1.5%, close to the bull market level in March 2021

Bitcoin user claims he was victim of hack that led to record $3 million in transaction fees

A  Bitcoin user claimed that hackers stole more than 139 BTC from them, which is related to the record-breaking transaction fee of 83.65 BTC ($3.1 million) paid last week. The same user signed a message that seems to indicate they have the keys to conduct transactions, but it could also be signed by the attacker if the wallet was compromised.

BTC fell below 37,000 USDT, down 1.49% in 24 hours

According to the OKX market, BTC has fallen below 37,000 USDT, with a current price of 36,986 USDT, a 24-hour decline of 1.49%.

CME’s BTC holdings reached 118,540, a record high

According to CoinGlass data, CME's BTC holdings reached 118,540 coins ($4.42 billion), a new historical high.

An address has accumulated 8,674 BTC since Halloween

Bitcoin News has posted on X platform, stating that since Halloween, an address has accumulated 8,674 BTC (approximately $323 million), and has continued to increase holdings by over 1,000 BTC for the past three days.