Bitcoin News

Bitcoin briefly surpassed $100,000 but dropped back to $97,969 on December 6, following a 13.53% crash between December 4 and 5, which wiped out over $1.5 billion in positions.

Lawrence Summers, former U.S. Treasury Secretary, criticized the proposal for a national Bitcoin reserve, calling it a “crazy” idea designed to please crypto industry supporters.

Bitcoin is rapidly gaining momentum as a potential replacement for gold, with analysts at Bernstein predicting that it could become the leading store of value within the next decade.

Florida is moving forward with plans to potentially include Bitcoin (BTC) as part of its state reserves, with discussions centered around 2025.

Glassnode’s co-founders, Jan Happel and Yann Allemann, are issuing a cautionary message regarding Bitcoin’s (BTC) recent surge past the $100,000 mark, suggesting that a major market correction could be on the horizon.

Standard Chartered has made an ambitious forecast for Bitcoin’s future price, suggesting it could hit $200,000 by the close of 2025.

Tom Lee, head of Fundstrat, recently shared his views on Bitcoin’s ongoing rally, suggesting it may serve as a precursor to the future performance of traditional markets, particularly the S&P 500.