🚨 BlackRock Bitcoin ETF Nears $50B Milestone—Is $100K BTC Next?

News

Roger Ver, recognized in the crypto community as “Bitcoin Jesus,” is contesting an eight-count indictment brought by the U.S. Attorney for the Central District of California. Ver, known for his early investments in Bitcoin and advocacy for digital assets, is accused of failing to report $50 million in taxes on Bitcoin transactions valued at $240 million in 2017.

Additional charges allege that Ver underrepresented the value of his businesses during his 2014 renunciation of U.S. citizenship to avoid higher exit taxes.

The BlackRock Bitcoin ETF (IBIT) continues to hit new milestones and is approaching $50 billion in assets under management, in less than a year of launch. This makes IBIT one of the top three ETF launches for the year 2024. As inflows into IBIT continue almost daily, market analysts are keenly awaiting the BTC price to cross the $100K milestone.

The memecoin market is buzzing with excitement, and Pepeto ($PEPETO) stands at the forefront, promising to reshape the landscape ahead of the 2025 bull run. With its mission to adopt and support all memecoins through its ecosystem, Pepeto’s exchange, bridge, and swap platform aim to set new standards for interoperability, accessibility, and liquidity.

Markets

Crypto prices show bullish momentum today, with Bitcoin (BTC) steady in the $93K to $96K range. Binance Coin (BNB) soared 15%, setting a new all-time high. Tron (TRX) surged 70%, earning a spot in the top 10 cryptocurrencies. Reserve Rights (RSR) led gains with an impressive 121% rally.

The global crypto market cap rose by approximately 1%, now at $3.54 trillion. Trading volume also saw a boost, climbing to $292 billion. Let’s dive deeper into the top cryptocurrencies by market capitalization and their price movements today, December 4.

Ethereum’s native crypto ETH is yet to participate in the altcoin market rally while peers like XRP, Cardano (ADA), BNB, have witnessed strong gains. The ETH price is holding firm at around $3,700 as investors predicted an immediate rally to $4,000 as Ethereum ETF inflows have surged once again.

With Bitcoin (BTC) price today hovering around $95,996.0 on 12 PM, the talks of alt season or altcoin season has picked up steam. BTC price hit a daily high of $97,010.0 today after a 1.22% move on December 4.