Bitcoin will reach $100,000 by the end of the year...

Support os and our work- Click here for our Binance affiliate link (first deposit of 50mdollar you get 100 dollar discout on commission) - Thanks

Glad to see you back here in this new edition.

Here are the most important news of the week, but before you start be sure to read our newsletter in its entirety, next please reply to this email with your opinion about it.

Let's get started

Table of Content

In today edition we talk about

• Crypto Hacks Surge in Q3 2024: $753M Stolen, Recovery Drops Significantly

• Stablecoin Market Cap Growth Fuels Bitcoin Price Surge, Says CryptoQuant

• Bitcoin’s Path to $100K by Year-End Narrow, Analysts Predict $80K by Christmas

Crypto Hacks Surge in Q3 2024: $753M Stolen, Recovery Drops Significantly

In Q3 2024, crypto hackers stole $753 million in 155 incidents, a 9.5% increase in losses despite fewer hacks, CertiK reports. The Ethereum network was hardest hit, with $387 million lost. Notable incidents include a Bitcoin whale losing 4,064 BTC (~$238M) and a $235M theft at India’s WazirX exchange. Nearly $2 billion has been stolen in 2024, while fund recovery fell to just 4.1%, down from 14.4% last quarter.

Stablecoin Market Cap Growth Fuels Bitcoin Price Surge, Says CryptoQuant

The recent increase in stablecoin market capitalization is providing liquidity that may drive up the price of Bitcoin and other cryptocurrencies, according to CryptoQuant. K33 Research pointed to factors like the Federal Reserve’s policy shift, China’s liquidity efforts, and SEC approval of options trading for Bitcoin ETFs as bullish signs for Q4. CryptoQuant's Head of Research, Julio Moreno, emphasized the role of stablecoins, noting a net inflow to centralized exchanges and record USDT reserves of $22.5 billion in 2024. Stablecoin market cap has reached $169 billion, showing a strong correlation with Bitcoin price movements.

Bitcoin’s Path to $100K by Year-End Narrow, Analysts Predict $80K by Christmas

Bitcoin reaching $100K by the end of Q4 seems unlikely unless everything goes perfectly, according to Swyftx lead crypto analyst Pav Hundal. However, he believes a rise to $75K–$80K by Christmas is plausible. Options traders are betting on Bitcoin prices between $90K and $110K by December 24. Currently, Bitcoin sits around $63K, and Hundal is optimistic about recent price action, citing improving market conditions and historical data favoring price increases with added liquidity. Meanwhile, both U.S. presidential candidates appear open to supporting the crypto industry, with Vice President Kamala Harris expressing interest in digital assets during her campaign.

Follow us on X (twitter)

Some our post

Are you ready to take a leap into the world of cryptocurrencies and NFTs? Don't miss out on these opportunities! Share this newsletter with a friend and let's ride this wave together! 🌊

To stay updated and thrive in the world of crypto make sure you are subscribed to our newsletter and follow us on Instagram and X (twitter)

Tell your blockchain-loving friends about us! Together it's easier to stay updated and improve!

IMPORTANT

Disclaimer: Wealth Wave is just a free newsletter that aims to share information regarding the world of finance, business, investment... We are not financial advisors, which means we don't give financial advice, don't buy stocks, crypto, nfts... just because we talked about it.

We are not responsible in any way for the capital others

Remember "every form of investment involves the risk of losing money, very often all capital" -- Do your research --