Wrapped Bitcoin was launched in 2019 to give Bitcoin investors an option to use the asset in decentralized finance applications.

In today's edition of the weekly recap: President-elect Donald Trump names two, new nominees that bode well for crypto, while a GOP Senator proposes ditching gold for Bitcoin.

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, Max Keiser floats an idea to allow El Salvador to acquire more bitcoin, Argentine President Javier Milei meets President-Elect Trump, and the popularity of World explodes in Argentina.

Bitcoin sellers take the upper hand as BTC struggles to rally to $100,000. What will altcoins do?

Bitcoin price is currently among the trendiest topics with Elon Musk's recent post and with the aspiration for 2025 amid Trump's new administration. Here is what to expect!

A leading analyst has suggested that Bitcoin (CRYPTO: BTC) could potentially skyrocket to $180,000 and eventually reach a seven-figure valuation. What Happened: The prominent analyst, known by the pseudonym Pentoshi, projected a bullish future for Bitcoin.

An analyst known for nailing the end of the 2022 Bitcoin bull market is outlining triggers that could signal the top for BTC.

Michael Saylor, co-founder of MicroStrategy, has hinted at the possibility of additional Bitcoin purchases.

Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency by market cap, could potentially hit a staggering $125,000 by the end of this year. What Happened: According to predictions by betting platform Kalshi, an 85% probability of Bitcoin reaching $100,000 by the close of 2024.

Interactive Strength, a Texas-based company known for its innovative fitness equipment, made waves in both the fitness and cryptocurrency worlds with its recent decision to allocate $5 million to Bitcoin as part of its treasury strategy. The move, confirmed on November, resulted in an impressive 11% surge in the company's shares, reflecting market optimism over this bold step.

Corporate buyers and headlines aside, state-based bitcoin acquisitions could play a critical role in the bitcoin market going forward.

This bull season, Bitcoin has seen one of the biggest price pumps in its history as it traded to almost $100,000. Looking ahead, analysts believe that Bitcoin could see substantial growth in 2025, driven by a mix of macroeconomic conditions, institutional participation and seasonal market behavior.

Long and short liquidations comprised roughly $380 million and $120 million respectively.

Senator Ted Cruz wants Texas to be a hub spot for Bitcoin and crypto, using the state's resources and focus on freedom. He supports crypto-friendly laws and sees Bitcoin as a tool for freedom.

According to stablecoin firm Tether, over $134 billion USDt tokens are circulating across various blockchain protocols as of November 2024.

Financial services firm Cantor Fitzgerald, which serves as Tether's banking partner, is looking to work with the stablecoin issuer on a program that will allow clients to borrow dollars against Bitcoin as collateral, Bloomberg reported on Sunday.

A well-known crypto analyst who accurately predicted the market collapse of 2022 is now cautioning that Bitcoin (CRYPTO: BTC) may be nearing a local top. What Happened: Pseudonymous analyst Capo believes that certain indicators suggest Bitcoin could face a pullback in the near future.

Ethereum (ETH) is currently facing significant downward pressure, with its price declining by 3% over the past 24 hours. This bearish trend could push ETH's price below the critical $3,000 price level.

Recent gains in Bitcoin are owed in part to changes in the political environment, particularly in the US. Incoming US President Donald Trump is backing cryptocurrencies, sparking renewed market optimism among investors.

Ethereum (ETH) is showing early signs of recovery as it consolidates near the $3,250 mark, reclaiming critical support levels.

XRP has lost the most value from the larger-cap alts.

The recent bitcoin price hike that has driven exchange rates close to $100,000 per token has also fueled the demand for and prices of Bitcoin exchange-traded fund (ETF) shares in the Brazilian stock exchange. Hashdex, the first crypto ETF launched on B3, reached all-time highs, with a net asset value nearing $689 million.

Bitcoin is trading near its short-term target of $100,000 and is seeking its next direction.

Cardano (ADA), currently ranked as the ninth-largest cryptocurrency, has emerged as one of the market's top performers. It has experienced an impressive 108% increase over the past two weeks, propelled its price to a 32-month high, fueled by a wave of bullish sentiment following Donald Trump's presidential victory on November 5.

Ethereum staking recorded a net inflow of +10k ETH, with 115k ETH deposited and 105k ETH withdrawn.

Cantor Fitzgerald, a prominent US financial services firm, is expanding its alliance with Tether, a key player in the digital asset industry and the issuer of the world's largest stablecoin.

On Friday, Michael Bressler and Benoit Bosc, co-founders of x2B, appeared on CNBC's “Closing Bell Overtime” to discuss Bitcoin's historic rally and the launch of their new crypto advisory firm. Bressler attributed Bitcoin's surge past $99,000 to a confluence of events, including regulatory shifts, the election outcome, and the growing adoption of Bitcoin ETFs.

Cardano (ADA) is showing a remarkable surge in price, up by 117% from its recent lows. As the cryptocurrency market continues to heat up, ADA has been one of the standout performers, attracting attention from both retail investors and analysts alike.

All eyes are on Bitcoin, especially as many traders continue to anticipate a break above the $100,000 mark. This anticipation has cascaded into a spike in activity, especially among Bitcoin whales.

NFT sales totaled $158 million in the past seven days. That is down 12.7% from the previous week of sales that reached $181 million.

The ongoing rise in Bitcoin's price and newly imposed mining regulations in Russia could lead to a surge in illegal mining activities. As authorities prepare to enforce a seasonal ban on mining in several key regions, analysts warn that this may push miners underground, with serious implications for both the economy and energy supply.

Howard Lutnick, CEO and majority owner of Cantor Fitzgerald, has been nominated as Commerce Secretary by President-elect Donald Trump. Lutnick's potential appointment signals a possible pro-crypto shift in U.S. policy, given his involvement with blockchain and digital asset initiatives.

Arthur Hayes, the former CEO of Bitmex, has shared his thoughts on the future of cryptocurrencies and issued some bold predictions about Bitcoin (BTC) and Dogecoin (DOGE) in a recent podcast. Thus, the entrepreneur thinks Bitcoin could reach $100,000 by the end of 2024, and maybe even $250,000 by the end of 2025.

Bitcoin (BTC) traded quietly on Sunday, following a brief pause over the weekend after an explosive week that saw its price soar to a new all-time high of $99,655 on Friday.

US Senator Cynthia Lummis of Wyoming is doubling down on her efforts to legitimize Bitcoin and possibly add this digital asset to the country's reserves.

Bitcoin's price correction across multiple timeframes reveals short-term bearish pressure while maintaining a bullish outlook in the long term. Bitcoin Bitcoin's (BTC) recent price action highlights a bearish correction across short-term timeframes, while the broader trend remains bullish, with key levels dictating potential opportunities for traders.

Howard Lutnick, CEO of Cantor Fitzgerald, is nominated as Commerce Secretary, which could affect U.S. crypto rules. His firm owns 5% of Tether and handles most of its reserves.

There's an oft-repeated mantra among crypto traders: Do the opposite of whatever markers commentator Jim Cramer says.

Cardano (ADA), the ninth largest cryptocurrency by market cap, has seen an impressive rise in November, increasing by 211% over the last 30 days, according to CoinGecko data.

With Bitcoin (BTC) seemingly struggling to breach the $100,000 resistance, technical indicators point to a possible incoming correction.

Tether's treasury mints 2 billion USDT tokens on the Ethereum network.

Cardano's ADA token has surged to its highest price since May 2022, hitting 90 cents and attracting significant attention from both retail and institutional investors. The recent surge has propelled ADA's market capitalization to $30.85 billion, securing its spot as the 10th-largest cryptocurrency in the world.

In conversation with Alpha First, former BitMEX CEO Arthur Hayes has offered bold forecasts on bitcoin and the larger crypto market. He has discussed on what we could see in the next 12 months in light of the Trump's policies and the possible changes in the global economy.

It's another recent milestone for Dogecoin, but the market is now red with Bitcoin down and DOGE and other meme coins falling hard.

Financial services giant Cantor Fitzgerald has reportedly acquired a 5% stake in Tether, the world's largest stablecoin issuer, in a deal valued at up to $600 million. The post Cantor Fitzgerald Acquires 5% Stake in Stablecoin Issuer Tether, Valued up to $600M appeared first on Cryptonews.

Investor interest in the spot Ethereum ETFs (exchange-traded funds) appeared to have waned after failing to register a net inflow day for six consecutive days. However, the cryptocurrency products ended the week on a high with a substantial capital influx on Friday, November 22.

Bitcoin has experienced a record-breaking bullish breakout, shattering all-time highs almost daily over the past three weeks. After an impressive rally, the price is less than 2% away from the $100,000 mark—a critical psychological level that could become a turning point for the entire crypto market.

Euro Pac's Peter Schiff asserted Wednesday that inflows to BTC and cryptocurrency will cause inflation. But the truth is BTC economies incentivize holding and decrease the velocity of money.