Bitcoin News Alerts | Daily BTC News

El Salvador President Nayib Bukele yesterday announced the country would begin purchasing one Bitcoin every day, starting today. The move to dollar-cost-average (DCA) into bitcoin (BTC) is common in the community, however novel for a nation state. Currently, the country holds a Bitcoin treasury of 2,381 BTC, valued at over $39 million. Bukele has made a habit in the past of making large purchases of the king crypto (BTC) during times of market volatility and buying the dip (BTFD). Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto fund Pantera Capital says that the next Bitcoin (BTC) halving event will spark a bull rally beginning in early 2024. Pantera predicts the Bitcoin price will soar to $36,000 in the lead-up to the next halving that’s expected to occur in March 2024 and afterward continue its bull run to an all-time high of $149,000 per BTC. “The 2020 halving reduced the supply of new Bitcoins by 43% relative to the previous halving. It had a 23% as big an impact on price. The next halving is expected to occur on March 22, 2024. Since most Bitcoins are now in circulation, each halving will be almost exactly half as big a reduction in new supply. If history were to repeat itself, the next halving would see Bitcoin rising to $36,000 before the halving and $149,000 after.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Billionaire venture capitalist and serial crypto investor Tim Draper is not giving up on his near-term Bitcoin prediction despite the recent issues in the cryptocurrency industry. Draper continues to stick with his optimistic prediction that Bitcoin (BTC) will hit $250,000 in 2023 despite the ongoing crypto crisis fueled by FTX. “No change in the price prediction. Still $250,000 by early next year,” Draper stated in an interview with Cointelegraph on Nov. 15. Learn more about your ad choices. Visit megaphone.fm/adchoices

The crypto trader who correctly called the Bitcoin collapse in 2018 is unveiling what he thinks is the king crypto’s (BTC) absolute bottom. In a new strategy session, veteran trader Tone Vays tells his 123,000 YouTube subscribers that he believes Bitcoin has “very likely” established a bear market bottom when it printed a fresh 2022 low of $15,546. "We can have a capitulation down to $11,000 and still hit $100,000 next year. Because a lot of Bitcoin is about to go into cold storage because people can buy it on the cheap." Learn more about your ad choices. Visit megaphone.fm/adchoices

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he is not worried about the price of bitcoin dropping. “I am a bitcoin investor,” he said, adding that when the BTC price of the top crypto hits a new bottom, he gets excited. "Bitcoin? Worried? No. I am a bitcoin investor as I am an investor in physical gold, silver, & real estate. I am not a trader or flipper. When Bitcoin hits new bottom, $10 to $12 k? I will get excited, not worried.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Popular crypto analyst Nicholas Merten of DataDash is laying out a timeline for Bitcoin (BTC) and cryptocurrency to recover from the FTX crash, involving Sam Bankman-Fried (SBF), Alameda Research, and its associated entities. "I would say, again, while everyone’s got different opinions on this, to be a bit more cautious. I would expect that if you’re really trying to buy the dip and you’re not going to wait for a trend reversal… We would likely expect something in this pocket somewhere around 82% and 84% as we reach that big even number of $10,000.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Cryptocurrency analyst and trader Tone Vays is detailing the long-term bull case for Bitcoin (BTC) after the flagship digital asset reached two-year lows triggered by FTX Crash of founder and crypto outcast Sam Bankman-Fried. In a new video, Vays tells his 123,000 YouTube subscribers that even if Bitcoin falls to around $11,000, the largest crypto asset by market cap could still reach a new all-time high of $100,000 next year. The veteran crypto trader believes that his predicted Bitcoin collapse will likely attract buyers who plan to hold BTC for the long haul. “We can have a capitulation down to $11,000 and still hit $100,000 next year. Because a lot of Bitcoin is about to go into cold storage because people can buy it on the cheap.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto exchange giant FTX has officially filed for chapter 11 bankruptcy as rumors continue to fly surrounding Sam Bankman-Fried and the fall of his FTX Empire. JPMorgan thinks Bitcoin (BTC) could plunge to $13K following the FTX Crisis. “What makes this new phase of crypto deleveraging induced by the apparent collapse of Alameda Research and FTX more problematic is that the number of entities with stronger balance sheets able to rescue those with low capital and high leverage is shrinking.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin hits a new cycle low of $17,100 as rumors about the possible liquidity crisis for the world’s third-largest crypto exchange FTX turned out to be true. Just a day after assuring funds are fine, and they have the assets to back customer’s funds, FTX CEO Sam Bankman-Fried (SBF) announced on Tuesday that Binance has shown intent to acquire the global crypto platform to help with the liquidity crisis. Binance CEO CZ took to Twitter to assure users that the crypto exchange's insurance funds have been topped off at $1 billion as the debacle with FTX rages on. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bitcoin (BTC) and crypto markets fell heavily into Nov. 8 as contagion from the FTX debacle spilled over. FTX appears to have stopped processing withdrawals, on-chain data show and as a result Binance is to now fully acquire FTX, as per CZ, the Binance CEO and SBF recently announced on Crypto twitter.  "This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX and help cover the liquidity crunch. We will be conducting a full DD in the coming days." Learn more about your ad choices. Visit megaphone.fm/adchoices