How Many Times Has Bitcoin Died? – Market Info

The cryptocurrency market has seen significant growth, with its total market capitalization increasing by over 13% in the last two weeks. Bitcoin’s dominance has fallen by roughly 10% in favour of altcoins. According to the Altcoin Season Index, the market has officially entered the altcoin season, meaning that up to 75% of altcoins from the top 50 cryptocurrencies have outperformed Bitcoin in the past 90 days.

Source: Coinmarketcap

How Many Times Has Bitcoin Died?

Over the past 14 years, Bitcoin has faced constant skepticism, having been declared “dead” by the mainstream media a whopping 415 times. The first time this happened was in October 2010, when Bitcoin was trading at $0.11. Despite countless predictions of its demise, Bitcoin has repeatedly defied expectations and achieved unseen success.

Had someone invested $100 in Bitcoin during its earliest “death,” that investment would now be worth over $101 million, according to data from Bitcoindeaths.com. This remarkable return underscores Bitcoin’s resilience in the face of doubt.

Beyond price speculation, Bitcoin’s future could be shaped by macroeconomic factors like the growing global money supply, projected to increase by over $20 trillion by 2026. Historically, Bitcoin has captured around 10% of newly printed money, which could translate into $2 trillion of additional investment. Jamie Coutts, chief crypto analyst at Real Vision, suggests this dynamic could drive Bitcoin to a cycle peak above $132,000.

Despite its many obituaries, Bitcoin continues to defy naysayers, evolving as a durable and transformative financial asset. With its history of comebacks, Bitcoin’s story remains one of remarkable resilience and potential. Source

Bitcoin Has Passed the Magic $100,000 Mark!

Bitcoin, the most famous and popular cryptocurrency, passed the magical $100,000 mark for the first time in history on Wednesday night (4.12.-5.12.) and reached its all-time high of $103,900 (€98,644). Bitcoin’s price has been rising significantly over the past month, with Bitcoin up nearly 40% during November alone. It has appreciated over 130% since the beginning of the year and is one of the best-performing assets in the world.

Bitcoin’s monthly and all-time high comes exactly one month after Donald Trump’s victory in the 2024 U.S. presidential election, which took place on 5 November. Trump’s victory kick-started the entire crypto market, as Trump demonstrated a very positive attitude towards cryptocurrencies in his election campaign.

Just two years ago, Bitcoin was trading at around $16,000 at the same time, which means it has achieved a growth of up to 550% over the past two years, ranking among the TOP 10 most valuable assets in the world by market capitalization. With a market capitalization of $2.02 trillion, it has surpassed Meta, Saudi Aramco, and even silver ($1.79 trillion).

Which other factors influence Bitcoin’s skyrocketing value? Learn more about the current market developments in our blog. Read the blog.

US Government Transfers $1.9 Billion in Bitcoin to Coinbase Prime

In a major crypto transaction, the US government transferred approximately 20,000 Bitcoin, valued at $1.9 billion, to Coinbase Prime. The transfer, tracked by Arkham Intelligence, originated from a wallet tied to assets seized during the shutdown of Silk Road, the infamous dark web marketplace known for facilitating illegal trade in drugs and weapons.

The transaction was executed in two stages. Initially, a small test transfer of 0.001 BTC, worth $97, was sent to a Coinbase Prime deposit address. This was followed by the main transfer of 19,800 BTC, roughly $1.9 billion, which passed through an intermediary wallet before arriving at Coinbase.

Source: cryptobriefing

This isn’t the first time the US government has moved large amounts of Bitcoin. In late August, a similar transaction saw 10,000 BTC, valued at around $600 million, sent to Coinbase from the same wallet.

At the time of this report, US authorities still hold significant cryptocurrency reserves, including approximately $18 billion worth of Bitcoin, along with Ethereum (ETH) valued at $217 million and Tether (USDT) around $122 million. These holdings stem from various seizures linked to criminal activities. Source

XRP Reclaims Third Spot Among Cryptocurrencies After SEC Battle

XRP, the digital currency linked to Ripple, has returned as the third-largest cryptocurrency by market capitalization after a four-year absence, igniting significant buzz within the crypto community. This milestone follows a protracted legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).

Source: cointelegraph

In December 2020, XRP lost its top-three status after the SEC filed a lawsuit against Ripple, alleging that the company had conducted an “unregistered digital asset securities offering.” The case led to XRP’s price plummeting from around $0.50 to $0.17, erasing over $15 billion in market value. For the next four years, XRP lingered in the seventh spot, behind coins like Tether (USDT), Binance Coin (BNB), Solana (SOL), and Circle’s USD Coin (USDC).

Ripple’s fortunes began to shift in 2024, as the company secured several legal wins. XRP saw a major rally in November, further boosted by Donald Trump’s victory in the U.S. presidential election. This surge propelled XRP back into third place, behind Bitcoin (BTC) and Ethereum (ETH).

The renewed interest in XRP is evident in online activity. In November, Google searches for “XRP” surpassed those for “crypto” at least three times, according to Google Trends data. At its peak, XRP-related searches also briefly overtook Ethereum (ETH) but have yet to exceed searches for Bitcoin.. Source

US Interest Rate Cut Could Boost Bitcoin and Crypto

The probability of a Federal Reserve interest rate cut in December has risen to 74.5%, according to CME FedWatch, signaling strong market expectations for a 0.25% reduction to 4.25%-4.5%. This follows earlier cuts totaling 0.75% this year, which brought rates down from a 20-year high.

Historically, lower interest rates have been bullish for Bitcoin, as cheaper borrowing costs encourage investors to seek higher returns in riskier assets like cryptocurrencies. Federal Reserve Governor Christopher Waller has expressed support for a potential cut but noted that upcoming data on inflation, employment, and consumer spending will influence the decision.

If confirmed during the Fed’s December 17-18 meeting, a rate cut could drive renewed interest in Bitcoin, potentially fueling a rally as investors turn to alternative assets amid easing monetary conditions. Source

ASI Alliance Launches Cortex: Decentralized AI for Industry

The Artificial Superintelligence (ASI) Alliance has introduced Cortex, a decentralized AI model tailored to address specific industrial challenges. Unlike general-purpose AI, Cortex focuses on precision and scalability, offering solutions for industries such as robotics, biotechnology, and healthcare.

Cortex is the first model launched under the “ASI: Train initiative,” aimed at creating domain-specific AI tailored to industry needs. According to Humayun Sheikh, CEO of Fetch.ai and chairman of the ASI Alliance, Cortex reduces dependence on centralized AI, enabling organizations to train and build solutions using decentralized models.

This innovative framework promotes collaboration across industries while ensuring that AI benefits are distributed equitably. It prioritizes decentralization to avoid power concentration in AI development and foster open innovation. Potential applications include autonomous delivery, data-driven research, and advanced problem-solving in the gig economy.

Additionally, the ASI Alliance has partnered with SingularityNET to deploy AIRIS, a proto-AGI (Artificial General Intelligence) system, in Minecraft. AIRIS demonstrates autonomous learning and adaptability, paving the way for broader AI applications in robotics, automation, and smart systems. Source

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