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Bitcoin's $105K Surge: Geopolitical Optimism Fuels Crypto Markets | Ethereum Shines | Legality in India Explained
The Bitcoin & Cryptocurrency Investment Show podcast.
Hey there, crypto enthusiasts! Crypto Willy here, bringing you the hottest Bitcoin and cryptocurrency updates from the past week.
What a ride it's been for Bitcoin! Just yesterday, the king of crypto challenged the $105,000 mark, reaching its highest level since late January. As of today, May 17th, Bitcoin has slightly dipped by about 0.7%, trading at approximately 88.2 lakh rupees (or around $104,500), but this minor correction shouldn't overshadow the impressive bull run we've been witnessing.
This weekend's surge was fueled by some surprisingly positive macro headlines. Former President Trump posted on Truth Social about trade negotiations between the United States and China taking place in Switzerland, describing it as "a very good meeting" with "GREAT PROGRESS MADE." He also announced a "full and immediate" ceasefire regarding tensions between India and Pakistan. Adding to the positive sentiment, Russian President Putin expressed willingness for "serious talks with Ukraine" without preconditions.
All this geopolitical optimism has been rocket fuel for crypto markets. While Bitcoin jumped 1.5% in 24 hours earlier this week, Ethereum has been the real star, soaring by 7.7% during the same period.
Looking at price predictions, analysts are getting increasingly bullish for the remainder of 2025. Some forecasts suggest Bitcoin could reach around $120,630 by the end of May, with potential peaks reaching $137,055. A gold-based forecast even suggests that $220,000 is "reasonable" for Bitcoin in 2025!
However, not everything is pointing upward. Several on-chain metrics indicate waning momentum as Bitcoin attempts to reach its January record just above $109,000. Predictions for later months show potential volatility, with forecasts suggesting prices might average around $100,672 in July before potentially dropping to about $90,711 in August.
For those new to the space wondering about Bitcoin's legality - yes, it's completely legal to trade Bitcoin in India through popular exchanges like CoinDCX, WazirX, CoinSwitch Kuber, and UnoCoin. While there aren't specific regulations from the Indian government yet, trading is permitted.
Remember that Bitcoin operates on a blockchain-based decentralized ledger controlled by nodes and servers around the world. When you purchase Bitcoin, you receive a private key that proves ownership, which you can store in digital wallets or even physically in a secure location.
That's all for this week's roundup! This is Crypto Willy, your blockchain buddy, reminding you to stay informed, stay curious, and as always, never invest more than you can afford to lose. See you next week for more crypto conversations!
Get the best deals https://amzn.to/3ODvOta
Hey there, crypto enthusiasts! Crypto Willy here, bringing you the hottest Bitcoin and cryptocurrency updates from the past week.
What a ride it's been for Bitcoin! Just yesterday, the king of crypto challenged the $105,000 mark, reaching its highest level since late January. As of today, May 17th, Bitcoin has slightly dipped by about 0.7%, trading at approximately 88.2 lakh rupees (or around $104,500), but this minor correction shouldn't overshadow the impressive bull run we've been witnessing.
This weekend's surge was fueled by some surprisingly positive macro headlines. Former President Trump posted on Truth Social about trade negotiations between the United States and China taking place in Switzerland, describing it as "a very good meeting" with "GREAT PROGRESS MADE." He also announced a "full and immediate" ceasefire regarding tensions between India and Pakistan. Adding to the positive sentiment, Russian President Putin expressed willingness for "serious talks with Ukraine" without preconditions.
All this geopolitical optimism has been rocket fuel for crypto markets. While Bitcoin jumped 1.5% in 24 hours earlier this week, Ethereum has been the real star, soaring by 7.7% during the same period.
Looking at price predictions, analysts are getting increasingly bullish for the remainder of 2025. Some forecasts suggest Bitcoin could reach around $120,630 by the end of May, with potential peaks reaching $137,055. A gold-based forecast even suggests that $220,000 is "reasonable" for Bitcoin in 2025!
However, not everything is pointing upward. Several on-chain metrics indicate waning momentum as Bitcoin attempts to reach its January record just above $109,000. Predictions for later months show potential volatility, with forecasts suggesting prices might average around $100,672 in July before potentially dropping to about $90,711 in August.
For those new to the space wondering about Bitcoin's legality - yes, it's completely legal to trade Bitcoin in India through popular exchanges like CoinDCX, WazirX, CoinSwitch Kuber, and UnoCoin. While there aren't specific regulations from the Indian government yet, trading is permitted.
Remember that Bitcoin operates on a blockchain-based decentralized ledger controlled by nodes and servers around the world. When you purchase Bitcoin, you receive a private key that proves ownership, which you can store in digital wallets or even physically in a secure location.
That's all for this week's roundup! This is Crypto Willy, your blockchain buddy, reminding you to stay informed, stay curious, and as always, never invest more than you can afford to lose. See you next week for more crypto conversations!
Get the best deals https://amzn.to/3ODvOta
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By Quiet. PleaseThe Bitcoin & Cryptocurrency Investment Show podcast.
Hey there, crypto enthusiasts! Crypto Willy here, bringing you the hottest Bitcoin and cryptocurrency updates from the past week.
What a ride it's been for Bitcoin! Just yesterday, the king of crypto challenged the $105,000 mark, reaching its highest level since late January. As of today, May 17th, Bitcoin has slightly dipped by about 0.7%, trading at approximately 88.2 lakh rupees (or around $104,500), but this minor correction shouldn't overshadow the impressive bull run we've been witnessing.
This weekend's surge was fueled by some surprisingly positive macro headlines. Former President Trump posted on Truth Social about trade negotiations between the United States and China taking place in Switzerland, describing it as "a very good meeting" with "GREAT PROGRESS MADE." He also announced a "full and immediate" ceasefire regarding tensions between India and Pakistan. Adding to the positive sentiment, Russian President Putin expressed willingness for "serious talks with Ukraine" without preconditions.
All this geopolitical optimism has been rocket fuel for crypto markets. While Bitcoin jumped 1.5% in 24 hours earlier this week, Ethereum has been the real star, soaring by 7.7% during the same period.
Looking at price predictions, analysts are getting increasingly bullish for the remainder of 2025. Some forecasts suggest Bitcoin could reach around $120,630 by the end of May, with potential peaks reaching $137,055. A gold-based forecast even suggests that $220,000 is "reasonable" for Bitcoin in 2025!
However, not everything is pointing upward. Several on-chain metrics indicate waning momentum as Bitcoin attempts to reach its January record just above $109,000. Predictions for later months show potential volatility, with forecasts suggesting prices might average around $100,672 in July before potentially dropping to about $90,711 in August.
For those new to the space wondering about Bitcoin's legality - yes, it's completely legal to trade Bitcoin in India through popular exchanges like CoinDCX, WazirX, CoinSwitch Kuber, and UnoCoin. While there aren't specific regulations from the Indian government yet, trading is permitted.
Remember that Bitcoin operates on a blockchain-based decentralized ledger controlled by nodes and servers around the world. When you purchase Bitcoin, you receive a private key that proves ownership, which you can store in digital wallets or even physically in a secure location.
That's all for this week's roundup! This is Crypto Willy, your blockchain buddy, reminding you to stay informed, stay curious, and as always, never invest more than you can afford to lose. See you next week for more crypto conversations!
Get the best deals https://amzn.to/3ODvOta
Hey there, crypto enthusiasts! Crypto Willy here, bringing you the hottest Bitcoin and cryptocurrency updates from the past week.
What a ride it's been for Bitcoin! Just yesterday, the king of crypto challenged the $105,000 mark, reaching its highest level since late January. As of today, May 17th, Bitcoin has slightly dipped by about 0.7%, trading at approximately 88.2 lakh rupees (or around $104,500), but this minor correction shouldn't overshadow the impressive bull run we've been witnessing.
This weekend's surge was fueled by some surprisingly positive macro headlines. Former President Trump posted on Truth Social about trade negotiations between the United States and China taking place in Switzerland, describing it as "a very good meeting" with "GREAT PROGRESS MADE." He also announced a "full and immediate" ceasefire regarding tensions between India and Pakistan. Adding to the positive sentiment, Russian President Putin expressed willingness for "serious talks with Ukraine" without preconditions.
All this geopolitical optimism has been rocket fuel for crypto markets. While Bitcoin jumped 1.5% in 24 hours earlier this week, Ethereum has been the real star, soaring by 7.7% during the same period.
Looking at price predictions, analysts are getting increasingly bullish for the remainder of 2025. Some forecasts suggest Bitcoin could reach around $120,630 by the end of May, with potential peaks reaching $137,055. A gold-based forecast even suggests that $220,000 is "reasonable" for Bitcoin in 2025!
However, not everything is pointing upward. Several on-chain metrics indicate waning momentum as Bitcoin attempts to reach its January record just above $109,000. Predictions for later months show potential volatility, with forecasts suggesting prices might average around $100,672 in July before potentially dropping to about $90,711 in August.
For those new to the space wondering about Bitcoin's legality - yes, it's completely legal to trade Bitcoin in India through popular exchanges like CoinDCX, WazirX, CoinSwitch Kuber, and UnoCoin. While there aren't specific regulations from the Indian government yet, trading is permitted.
Remember that Bitcoin operates on a blockchain-based decentralized ledger controlled by nodes and servers around the world. When you purchase Bitcoin, you receive a private key that proves ownership, which you can store in digital wallets or even physically in a secure location.
That's all for this week's roundup! This is Crypto Willy, your blockchain buddy, reminding you to stay informed, stay curious, and as always, never invest more than you can afford to lose. See you next week for more crypto conversations!
Get the best deals https://amzn.to/3ODvOta