Bitcoin's Supercycle, Crypto's Capitol Breakthrough, And More: This Week In Crypto

The past week was a rollercoaster for the cryptocurrency world. From predictions of a Bitcoin BTC/USD supercycle to a groundbreaking Senate subcommittee on digital assets, the crypto landscape is buzzing with activity. Here’s a quick recap of the top stories that shaped the crypto market over the weekend.Bitcoin Supercycle on the Horizon?Economist and trader Alex Kruger has expressed a bullish outlook on Bitcoin, despite the cryptocurrency currently trading 13% below its all-time high. Kruger attributes this optimism to the approval of spot Bitcoin exchange-traded funds (ETFs) in January 2024, which he suggests may alter Bitcoin's traditional four-year halving cycles.Read the full article here.Crypto’s Capitol Hill BreakthroughIn a significant development, the Senate Banking Committee announced the creation of its first-ever subcommittee dedicated to cryptocurrency and blockchain technology. This move signifies a shift in the political landscape, indicating a broader acceptance and integration of digital currencies into the mainstream of U.S. governance.Read the full article here.Bitcoin’s Q1 ProspectsDespite Bitcoin’s struggle between $90,000 and $100,000, analysts and traders remain upbeat about its prospects in the first quarter of 2025. Asymmetric Fund CEO Joe McCann shared his "tactical short-term bearish" outlook for the cryptocurrency market but remains optimistic about Q1 as a seasonally profitable period.Read the full article here.Scaramucci’s Crypto StrategyAnthony Scaramucci, CEO of investment firm SkyBridge Capital, revealed his take-profit strategy for cryptocurrencies. He stated that he would not sell his Bitcoin but rather target altcoins such as Solana (SOL/USD) in the long run.Read the full article here.Unfortunate Bitcoin LossJames Howells, known for accidentally discarding a hard drive containing 8,000 Bitcoin, suffered a setback in his quest to reclaim his fortune. A high court ruling dismissed Howells' legal claim to recover the hard drive, citing no "reasonable grounds" for bringing the claim and "no realistic prospect" of winning it.Read the full article here.Read Next:Jeff Bezos’ $500 Million Superyacht Koru Steals The Show At St. Bart’s Annual Festival Where 173 Billionaires Turned Up With Their YachtsPhoto courtesy: ShutterstockThis story was generated using Benzinga Neuro and edited by Rounak Jain