Monat: Dezember 2024

Veröffentlicht am

Bitcoin reaches new all-time high of above $106,000

  • Bitcoin hit $106,400 in the early hours of December 16
  • Crypto trader believes the next three to four weeks are going to be significant for Bitcoin if history repeats
  • Investors believe Bitcoin reaching $120,000 by the end of 2024 is achievable

Bitcoin set a new all-time high above $106,000 following news that President-elect Donald Trump is considering plans to create a US Bitcoin strategic reserve.

In the early hours of December 16, Bitcoin topped more than $106,400, according to data from CoinMarketCap.

Bitcoin reaches over $106,000, setting a new all-time high. Source: CoinMarketCap

At the time of publishing, Bitcoin has retraced slightly to $104,700. Over the past year, the world’s largest crypto asset has risen nearly 148% in value. Bitcoin’s previous high was set on December 5, hitting close to $104,000.

News of Bitcoin’s rally comes as Trump announced he’s considering creating a US Bitcoin strategic reserve similar to its oil reserve. Speaking to CNBC last week, Trump said:

“We’re gonna do something great with crypto because we don’t want China, or anybody else … but others are embracing it, and we want to be ahead.”

In relation to a question about whether the US will create a Bitcoin strategic reserve, Trump said: “Yes, I think so.”

In a post on X, Ash Crypto wrote: “Bitcoin is breaking out. If history repeats, the next 3-4 weeks are going to be massive.”

Crypto-friendly administration

The incoming Trump administration is seen as more crypto friendly compared to Biden’s team.

During his campaign, Trump promised to make America the “crypto capital of the planet.” Since winning the US election, his team has already made significant appointments, many of whom are crypto-friendly.

Last week, Trump appointed Paul Atkins as the next Chair of the US Securities and Exchange Commission (SEC). He will be replacing Gary Gensler who is stepping down on January 20, 2025.

Trump also named David Sacks as the lead policy advisor on artificial intelligence and crypto, dubbing him the “White House AI and Crypto Czar.” In November, Trump announced that Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency (DOGE) to “dismantle government bureaucracy.”

Speaking to the BBC, Peter McGuire from trading platform XM.com, said:

“The Bitcoin rally since the election has been parabolic and the FOMO – or fear of missing out – rally is gathering momentum. Many investors believe $120,000 is achievable by the end of the year and then in 2025 there’s talk of greater than $150,000 by mid-year.”

The post Bitcoin reaches new all-time high of above $106,000 appeared first on CoinJournal.

Veröffentlicht am

BTC sets a new all-time high of $106k, iDEGEN’s presale hits $5m

Key takeaways

  • Bitcoin has reached a new all-time high price of $106,488 after adding 3% to its value on Sunday.
  • iDEGEN’s pre-market auction has officially surpassed the $5 million mark.

BTC hits $106k

Bitcoin, the leading cryptocurrency by market cap, set a new all-time high price of $106,488 a few hours ago. This latest development comes after Bitcoin added more than 3% to its value on Sunday.

At press time, the price of Bitcoin stands at $105,166, retracing slightly from its all-time high. The rally comes as analysts expect the U.S. Federal Reserve to cut interest rates later this week. 

What is iDEGEN?

Bitcoin has achieved a new all-time high while altcoins continue to rally higher. Furthermore, new projects in the ecosystem continue to attract funding from investors. iDEGEN is one of the projects in its presale stage that is attracting interest from investors 

iDEGEN combines the features of AI and memecoins to present a strong project with an equally active community. In their whitepaper, the team explained that the iDEGEN tool learns, evolves, and adapts based on what the community feeds it on X. This means that iDEGEN is powered by AI but ultimately raised by degens. 

It will launch as a memecoin, leveraging the growth of the meme coin ecosystem in recent years. The memecoin market is worth over $45 billion and is expected to grow larger in the coming months and years. 

iDEGEN has a simple working mechanism. Users feed the tool their data through tweets, tags, and comments. The tool absorbs the post and adds it to its knowledge base; that’s how it learns. Furthermore, the tool posts on X every 60 minutes and can generate and post memes. 

Click here to read more about the iDEGEN project.

iDEGEN’s pre-auction market crosses the $5 million milestone

The iDEGEN pre-market auction is attracting more investors, raising millions of dollars in the process. The team has sold nearly 1 billion $IDGN tokens, raising $5 million in the last few weeks. 

iDEGEN uses the pre-market auction method to help attract more investors. Using the pre-market auction method, the price adjusts every five minutes based on market activity. 

According to the team, the price will remain steady for the next period if an investor purchases $IDGN tokens within five minutes. However, if purchases occur consecutively, the price will rise by 5%. Finally, if no one buys the tokens within five minutes, the price will drop by 5%.

The iDEGEN pre-market auction will end on January 1, 2025, and the $IDGN token will then be listed on crypto exchanges. 

Should you buy the $IDGN tokens now?

Bitcoin has just hit a new all-time high, and interest in cryptocurrencies is currently growing. iDEGEN will launch on the first day of 2025 and could be one of the best-performing projects of the year. 

The project’s huge potential means it could be a smart decision to invest in iDEGEN during its presale. iDEGEN is an interesting project that combines AI and meme coins. It could become one of the leading meme coin projects on the Solana blockchain. 

For transparency, the iDEGEN website has a live pre-market listing price, allowing investors to track the token’s progress accurately before its launch on trading platforms.

The post BTC sets a new all-time high of $106k, iDEGEN’s presale hits $5m appeared first on CoinJournal.