Bitcoin

Rumors are circulating that Qatar’s sovereign wealth fund may invest up to $500 billion in Bitcoin, potentially driving a massive price rally.

El Salvador President Nayib Bukele says the country’s controversial Bitcoin purchases are now in profit with the cryptocurrency’s price rebound. He claims the $131 million Bitcoin portfolio is up $3.6 million.

XRP price unexpectedly declined below $0.600 on Monday despite Bitcoin’s price crossing $42,000, likely due to a lack of interest from institutions that continue investing in Solana over XRP.

The price of Bitcoin surged past $42,000 for the first time in 20 months on Monday as investors anticipate the potential approval of a Bitcoin ETF in the US, while gold also hit an all-time high.

Key potential catalysts for a Bitcoin price surge before 2023’s end include the Fed’s next rate decision, upcoming inflation data, and prospects for a spot BTC ETF approval in the US.

Bitcoin tapped $40,000 for the first time in 19 months over the weekend, sparking over $100 million in liquidations, mostly hitting short positions.

Bitcoin mining pool AntPool will refund the record $3 million transaction fee it mined last week, but only after verifying the identity of the user who accidentally paid the massive fee.

Bitcoin has rebounded 130% in 2022 after last year’s crypto crash, fueled by hopes of 2023 Fed rate cuts and expected approvals of the first US spot crypto ETFs.

Bitcoin has a history of December bull runs following positive price action in October and November, sparking optimism for potential gains to close 2023.

The popular Lightning wallet Wallet of Satoshi has suddenly removed itself from the US iOS and Android app stores while on pace for a record month.