Wednesday, December 11, 2024

Bitcoin Price Surpasses $100,000, What's Next? Here's Everything You Need to Know

 

Bitcoin surpasses $100,000, marking a historic milestone in cryptocurrency evolution. Explore key factors, challenges, and future trends shaping Bitcoin's role in modern finance.

The world’s leading cryptocurrency, Bitcoin, has achieved an unprecedented milestone, surging past $100,000 for the first time during late trading on Wednesday. This marks a watershed moment in the evolution of digital assets, a sector increasingly intertwined with technological innovation, financial strategies, and global geopolitics.

Key Factors Behind Bitcoin's Ascent

There are many factors about the increase in Bitcoin price today, some of them are:

1. Regulatory Optimism

Bitcoin's recent rally has been powered by investor anticipation of clearer, more supportive regulations under the incoming administration. The creation of a cryptocurrency advisory council and the potential mainstreaming of crypto assets as part of government reserves have amplified confidence in the sector.

2. Institutional Adoption and Market Dynamics

The approval of spot Bitcoin exchange-traded funds (ETFs) earlier this year opened doors for institutional investors, further legitimizing Bitcoin as an asset class. With ETF holdings exceeding $100 billion, the demand for Bitcoin has surged.

Additionally, the recent "halving" event, which reduced the rate at which new Bitcoins are mined, has exacerbated supply-demand imbalances, pushing prices higher.

3. Market Sentiment and Strategic Buying

Sudden price corrections, historically a source of panic in the market, now represent buying opportunities for a growing pool of investors who view Bitcoin as a legitimate, long-term investment vehicle.

High-profile corporate acquisitions, such as MicroStrategy's massive Bitcoin holdings worth over $40 billion, continue to anchor confidence in the digital currency.

4. Trump’s Role in Crypto Fever

Donald Trump’s presidency has become a turning point for the cryptocurrency industry. Initially a skeptic, Trump’s pivot to crypto-friendly policies has catalyzed the sector. His administration’s rhetoric and appointments signal a commitment to fostering innovation while reducing regulatory friction.

Critics, however, have raised concerns about the potential risks of deregulation, drawing parallels to past financial crises.

Proponents, like Galaxy Digital CEO Mike Novogratz, argue that Bitcoin’s surge reflects a paradigm shift. Novogratz highlights the convergence of institutional adoption, advances in blockchain technology, and a clearer regulatory roadmap as transformative forces propelling Bitcoin into the financial mainstream.

Challenges on the Horizon

While Bitcoin’s record-breaking rally has been a cause for celebration, its ascent is not without challenges. The cryptocurrency's inherent volatility, regulatory uncertainties, and environmental concerns remain significant hurdles.

1. Volatility: A Double-Edged Sword

Bitcoin’s price history is a testament to its volatility. Despite its current upward trajectory, past boom-and-bust cycles remind investors of the risks involved. Market corrections are a natural part of any financial asset’s journey, and Bitcoin is no exception.

Analysts like Josh Gilbert and Mike Novogratz caution investors to practice disciplined profit-taking, ensuring they are not overly exposed to potential downturns.

2. Regulatory Uncertainty

Regulation remains a contentious issue in the cryptocurrency space. While Trump’s administration promises a lighter regulatory touch, critics argue that unchecked growth in the crypto sector could exacerbate existing issues such as fraud, tax evasion, and market manipulation.

The nomination of Paul Atkins as SEC Chair suggests a pivot toward more industry-friendly policies, but this shift may face resistance from lawmakers and traditional financial institutions wary of Bitcoin’s disruptive potential.

Additionally, global regulatory coordination is lacking, with some countries embracing cryptocurrencies while others impose outright bans. This fragmented approach could create hurdles for Bitcoin’s seamless integration into the global financial system.

3. Environmental Concerns

Bitcoin mining, the process by which new coins are created, has long been criticized for its energy-intensive nature. With many mining operations relying on non-renewable energy sources, Bitcoin's carbon footprint has become a growing concern.

Advocacy for cleaner energy solutions within the industry has gained momentum, and some companies are exploring renewable energy options to address these criticisms. However, whether these efforts can scale to meet Bitcoin's increasing energy demands remains to be seen.

The Institutional Shift

Despite these challenges, Bitcoin’s growing acceptance among institutional investors marks a pivotal shift. Financial giants like BlackRock, Fidelity, and Invesco have not only legitimized Bitcoin but also opened the floodgates for broader participation.

The launch of Bitcoin ETFs has been a game-changer, providing a regulated and accessible entry point for traditional investors.

As more institutions integrate Bitcoin into their portfolios, its role as a hedge against inflation and geopolitical instability continues to strengthen. This mainstream adoption could potentially reduce volatility over time, transforming Bitcoin into a more stable asset class akin to gold.

What’s Next for Bitcoin?

Looking forward, several factors will shape Bitcoin’s trajectory:

1. Policy Changes Under the Trump Administration: Pro-crypto policies, such as tax exemptions and the establishment of a national Bitcoin reserve, could drive further adoption and investment.

2. Global Economic Conditions: Bitcoin’s appeal as a hedge against inflation and currency devaluation makes it sensitive to macroeconomic trends. Rising inflation or economic instability could further boost its demand.

3. Technological Innovations: Advancements in blockchain technology and scalability solutions, such as the Bitcoin Lightning Network, could enhance Bitcoin’s functionality as a payment system and drive broader use cases.

4. Market Dynamics: Continued development of financial instruments, including futures, options, and ETFs, will likely attract more investors and deepen Bitcoin’s liquidity.

5. Public Perception and Education: As awareness and understanding of cryptocurrencies grow, Bitcoin’s adoption among retail investors could accelerate. Efforts to demystify the technology and address misconceptions will be crucial in this regard.

Conclusion

Bitcoin’s milestone is a reflection of how far cryptocurrencies have come—and how much further they could go. While risks abound, the growing institutional interest, regulatory shifts, and technological advancements point to a promising future.

Yet the road ahead will be fraught with challenges that will test Bitcoin's ability to maintain its momentum and evolve as a cornerstone of modern finance.

As the world grapples with the implications of this digital revolution, Bitcoin stands at the forefront, embodying both the potential and perils of an increasingly digitized financial landscape.

Whether it remains a symbol of innovation or succumbs to the pitfalls of volatility and speculative excess, one thing is certain: Bitcoin's story is far from over.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

Tuesday, December 10, 2024

Rolling Arrays Joins Forces with Skyform to Lead HRM Transformation Across APAC

  

Rolling Arrays, Southeast Asia’s largest SAP SuccessFactors specialist, has joined forces with Skyform, an APAC digital transformation platform backed by SeaTown Private Capital. SeaTown, a leading Asia-focused investment firm, is part of Seviora Holdings, Temasek’s asset management group. This partnership strengthens Rolling Arrays' vision of global HRTech leadership, leveraging Skyform's resources to accelerate innovation and growth. Led by CEO Manu Khetan, Rolling Arrays will continue delivering cutting-edge HR solutions while expanding its reach and impact across the region.

Skyform, an Asia-Pacific (APAC) digital transformation platform founded by Yuan En Lim and backed by SeaTown Private Capital Master Fund, today announced it has acquired a controlling stake in Rolling Arrays (“the Company”). This transaction establishes Skyform as the leading provider of Human Resource Management (“HRM”) services in Southeast Asia.

Manu Khetan, founder and CEO of Rolling Arrays, will continue to lead the Company in this next phase of growth, supported by Skyform’s management and resources of the broader SeaTown network.

Rolling Arrays is Southeast Asia’s largest specialist SAP SuccessFactors consulting and implementation firm, with over 15 years of proven track record in HRM technology project delivery. An SAP Gold Partner, Rolling Arrays has earned accolades such as Best SuccessFactors Partner Malaysia 2024 and Outstanding Performance in SAP SuccessFactors South East Asia for 2023. It was also recognized as one of The Straits Times’ 100 Fastest Growing Companies in Singapore for 2024.

Yuan En Lim, Founder and CEO, Skyform, said,

“We see tremendous potential in Southeast Asia’s HRM Technology market, driven by enterprises transforming their people management capabilities. Over the next five years, we expect this market to grow over 15% annually, and Rolling Arrays is ideally positioned to lead this transformation. We have been incredibly impressed by Manu and his management team’s ability to consistently deliver exceptional customer service while scaling rapidly. Together we aim to accelerate Rolling Arrays’ evolution into a true APAC leader.”

Manu Khetan, CEO, Rolling Arrays said,

“It fills me with immense pride and gratitude to share this milestone in Rolling Arrays’ journey. From our humble beginnings in 2009 in Singapore to becoming a trusted HRTech transformation partner across Southeast Asia, our commitment to being niche, customer-centric, and people-first has brought us here. Joining forces with Skyform, part of the esteemed SeaTown ecosystem, marks a transformative chapter for all of us at Rolling Arrays. This partnership strengthens our vision to redefine HRTech globally. As part of this ecosystem, we are excited to deliver even greater value to our customers, create meaningful opportunities for our employees, and build stronger partnerships for the future.”

About Skyform

Skyform was founded in 2024 with the vision to be APAC’s leading digital transformation platform. Headquartered in Singapore, Skyform specializes in advising, implementing, and developing cutting-edge technology solutions for enterprises across the region. Skyform is backed by SeaTown Private Capital Master Fund, a private equity fund managed by SeaTown Holdings International Pte. Ltd. (“SeaTown”). SeaTown is a leading Asia-focused alternative investment firm owned by Seviora Holdings, Temasek’s asset management group.

About Rolling Arrays

Rolling Arrays has been driving SAP SuccessFactors-led HR Transformation since 2009. The company specialises in SF consulting, implementation, and support and also builds applications to enhance the utility of the SuccessFactors platform. It is committed to designing systems that help its customers to attract, develop and retain talented individuals. In 2024, Rolling Arrays was recognized as one of the top 100 fastest-growing companies in Singapore by The Straits Times & Statista.

This press release has also been published on VRITIMES

Monday, December 9, 2024

Today Ethereum Reached $3,900, Here's the ETH Price Prediction for 2025 and 2030

Explore Ethereum's (ETH) journey to $3,900 and beyond with bullish predictions for 2025 and 2030. Discover key drivers like institutional inflows, whale activity, DeFi growth, and network upgrades, alongside critical resistance levels and long-term outlooks.

As the second-largest cryptocurrency by market capitalization, Ethereum (ETH) continues to captivate the market's attention. Amid broader volatility, ETH’s performance suggests strong bullish momentum, supported by institutional interest, increasing on-chain activity, and favorable market sentiment.

Recent Performance and Price Movement

At the time of writing, ETH is trading at $3,895 after experiencing a 5.06% increase with its highest price in 24 hours being $3,901. The current ETH RSI value is even at 72 which means the buying trend is more dominant than the selling trend, even tending to be overbought.

The daily trading volume surged by 4% to over $42 billion, reflecting heightened investor activity. ETH has rebounded above the critical $3,500 resistance level, with technical indicators like the 50-day EMA crossing above the 200-day EMA signaling potential for further gains.

The uptrend aligns with a broader market shift. Bitcoin (BTC) recently reached $100,000, boosting investor confidence across the altcoin market, including Ethereum. However, ETH’s price remains 21% below its all-time high (ATH) of $4,891, set in November 2021.

Institutional Activity and ETFs Driving Growth

Institutional interest in Ethereum has intensified, particularly through exchange-traded funds (ETFs). U.S.—based spot Ethereum ETFs reported eight consecutive days of net inflows, totaling $901.3 million as of early December.

Key contributors include BlackRock’s ETHA fund, with $65.3 million in inflows, and Fidelity’s FETH fund, with $73.7 million.

Despite outflows from Grayscale’s Ethereum Trust (ETHE), the overall inflow trend indicates growing confidence among institutional investors, further supporting Ethereum’s price trajectory.

Whale and Retail Activity Boost On-Chain Metrics

Ethereum whales have played a pivotal role in recent price movements. Whales holding 10K to 100K ETH increased their holdings by 460K ETH in the past week, while those with larger stakes (100K to 1 million ETH) reduced theirs by 490K ETH. This redistribution suggests a shift of ETH from institutions to retail whales.

On-chain activity has also intensified, with Ethereum registering a net outflow of $820 million from exchanges over seven days, indicating accumulation by long-term holders. The total number of Ethereum holders rose to 133.21 million on December 4, emphasizing rising retail interest.

DeFi and Network Growth

Ethereum's decentralized finance (DeFi) sector continues to thrive, with total value locked (TVL) reaching $72.9 billion. This robust ecosystem supports broader adoption and reinforces Ethereum’s position as a foundational blockchain for DeFi, NFTs, and decentralized applications.

Furthermore, staking flows have seen consistent inflows, reflecting long-term investor confidence. A growing amount of ETH is being locked in staking protocols, reducing available supply and supporting price appreciation.

ETH Price Predictions in 2025 & 2030 and Market Sentiment

Industry experts and financial institutions are optimistic about Ethereum's long-term potential:

1. Deltec Bank predicts ETH could reach $10,000 by 2025 and $22,500 by 2030.

2. Standard Chartered projects a 2025 target of $14,000, citing Ethereum’s network upgrades and potential scalability improvements.

3. Gigantic-Cassocked-Rebirth (GCR) anticipates a $10,000 price point, driven by DeFi growth and adoption of Ethereum 2.0.

4. Finder analysts forecast an average price of $6,105 by 2025, underpinned by institutional investment and technological advancements.

Goldman Sachs has even suggested that Ethereum could surpass Bitcoin as a store of value, thanks to its extensive use in DeFi and its foundational role in blockchain innovation.

Challenges and Key Levels to Watch

While optimism abounds, Ethereum faces significant resistance at $4,000 and its ATH near $4,891. A clear break above these levels, supported by sustained volume and on-chain activity, could validate bullish patterns like the cup-and-handle formation, potentially driving ETH toward new highs of $7,000 or beyond.

However, a daily close below $3,400 could invalidate the current bullish thesis, sending ETH toward support levels around $2,817.

Conclusion

Ethereum's recent rally is a confluence of institutional interest, strong on-chain metrics, and technological advancements. As it edges closer to the psychologically significant $4,000 mark, ETH appears poised for a defining move. While risks remain, the long-term outlook for the leading altcoin remains promising, with the potential to reclaim its ATH and embark on a new bullish cycle.

Investors should monitor critical resistance levels, market sentiment, and macroeconomic conditions to navigate the evolving landscape effectively.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.
 
This Press Release has also been published on VRITIMES

 

Nusantara Global Network Partners with HF Markets to Launch Exclusive Rebate Program

Nusantara Global Network is excited to announce its latest partnership with HF Markets, aimed at providing innovative and highly beneficial trading opportunities. This strategic collaboration introduces an exclusive Rebate Program for Standard and Pro accounts, designed to enhance trading efficiency and reward traders with significant rebates.

The collaboration between Nusantara Global Network and HF Markets presents a comprehensive Rebate Program, giving traders the chance to earn rebates based on their trading activity. This program is expected to revolutionize the trading experience by offering immediate and attractive financial rewards.

“We are thrilled to partner with HF Markets and introduce this sophisticated Exclusive Rebate Program,” said the chairman of the Nusantara Global Network. “This collaboration aligns perfectly with our commitment to offering exceptional trading opportunities and tools to our community. The Exclusive Rebate Program will empower traders to maximize their earnings while enjoying a seamless trading experience.”

The key benefits of the new Exclusive Rebate Program include:

Exclusive Rebate for Standard & Pro Accounts:
-Trade as low as 0.01 lot to earn rebates up to $67.50.

-Rebates are credited daily to the trading account at 9 AM.

-Positions held for 2 minutes or more qualify for the full rebate, while positions held for less than 2 minutes will receive half the rebate.

“We see our partnership with Nusantara Global Network as a significant milestone for HF Markets,” said HF Markets. “This Exclusive Rebate Program showcases our dedication to providing traders with innovative solutions and a superior trading experience. We are confident this program will deliver substantial value to our clients and set a new standard in the industry.”

The Exclusive Rebate Program is available for various account types, including:

Premium, Cent, and Top-Up Bonus Accounts:
-Gold: $13.50 per lot
-FX: $8.10 per lot

Pro & Zero Spread Accounts:

-Gold: $6.30 per lot

-FX: $3.60 per lot

This collaboration is part of a broader industry trend towards providing more profitable and trader-friendly solutions. By integrating HF Markets Exclusive Rebate Program, Nusantara Global Network continues to demonstrate its commitment to enhancing trading opportunities and supporting its clients with the latest tools and incentives.

About HF Markets
HF Markets is a leading trading broker known for its advanced trading solutions and exceptional customer support. The company provides a variety of trading services, including the Exclusive Rebate Program, designed to deliver superior trading experiences and support to traders worldwide.  

About Nusantara Global Network
HF Markets is a prominent trading broker renowned for its advanced trading solutions and exceptional customer support. The company offers a variety of trading services, including the Exclusive Rebate Program, designed to deliver an outstanding trading experience and support to traders globally.
 
This Press Release has also been published on VRITIMES

 

LootBX Launches in Manila: A New Way to Reward Viewers and Gamers

   Manila, Philippines – December 10, 2025 LootBX made its official debut at High Grounds CafĂ© in Quezon City. The event gave creators, game...