Lutnick, whose Cantor Fitzgerald has been a custodian for Tether since 2021, has been a vocal proponent of bitcoin and USDT for years.
QCP traders expect a run to $100,000 — nearly 10% higher than the current record of over $93,000 — in the coming months, with those gains flowing into altcoins in a mark of a general “alt season.”
The availability of options is thought to possibly bring further institutional interest to the bitcoin ETFs.
The U.S. government already holds more than 208,000 bitcoin, but retaining it is more complicated than might be assumed.
The medical equipment company which recently adopted a bitcoin treasury strategy now owns $114 million worth of the crypto.
The latest price moves in crypto markets in context for November 18, 2024.
The total cryptocurrency market hits a new all-time high of $3.025 trillion as bitcoin consolidates around $92,000.
According to BCA Research analysis of fractal patterns, the bitcoin price might climb above $200,000.
While on-chain metrics show no uptick in Runes protocol on chain metrics as of Monday, these typically follow social activity and narratives, with prices leading afterward.
A speculative frenzy seems to have gripped the market, which could lead to a sudden sentiment shift and two-way price turbulence.
