Latest news with #JohnGlover
Yahoo
2 days ago
- Business
- Yahoo
Bitcoin Hits New All-Time High Above $120K as U.S. Inflation Data Looms
Bitcoin (BTC) rose past $120,000 for the first time on record, taking the year-to-date gain to 28%. BTC is currently trading above $121,000 as of midday Hong Kong time, according to CoinDesk market data. The move follows President Donald Trump's decision to impose a 30% tariff on the EU and Mexico, starting Aug. 1, and marks a bullish resolution to roughly 48 hours of choppy price action that allowed overbought signals from short-duration indicators to reset to bullish. The focus now shifts to the U.S. inflation data due this week, which is expected to show the cost of living ticked up in June against the backdrop of Trump's trade war. According to FactSet, economists expect that the consumer price index (CPI) rose 0.25% on a monthly basis in June, equating to 2.6% annualized growth. The core CPI, which excludes the volatile food and energy, is forecast to have risen 0.3% monthly and 3% on an annualized basis. Risk assets, including BTC, may wobble a bit if inflation accelerates, delaying the Fed rate cut. That said, the downside could be limited given the strong momentum in terms of corporate adoption of BTC, ETF inflows and positive regulatory outlook in the U.S. According to John Glover, CEO of Ledn, BTC's rally has legs and prices could rise to $136,000 by the year-end. "We have finally broken to new highs, which confirms that the dip to $96k in late June satisfied the wave (ii) pullback (yellow line) within the larger Wave 5 (orange line)," Glover said in an email. "While this doesn't change the ultimate target of circa $136k to complete this bull run, it does likely reduce the time it will take to complete. I was previously looking for this in Q1 of 2026, but now it looks likely to hit $136k by year-end," he added.
Express Tribune
6 days ago
- Business
- Express Tribune
Bitcoin all-time high is here: Experts suggesting a $120,000-$130,000 rally, here's why
Bitcoin (BTC) achieved a significant milestone on Wednesday afternoon, reaching an all-time high (ATH) of $112,022. It surged past its previous consolidation phase, overcoming resistance levels and paving way for potential gains ahead. John Glover, Chief Investment Officer at crypto lending platform Ledn, pointed out to MarketWatch that this recent rally mirrors a retest of Bitcoin's previous ATH, set earlier this year on May 22. This earlier peak faced selling pressure, but Glover noted that institutional interest in Bitcoin is now on the rise. Companies such as Trump Media & Technology Group and GameStop have publicly revealed their intentions to purchase Bitcoin to strengthen their treasuries, as reported by MarketWatch. Despite this momentum, experts caution that the sustainability of Bitcoin's surge depends largely on macroeconomic factors, including ongoing trade negotiations. A study published in the International Review of Economics and Finance revealed that macroeconomic factors significantly influence any cryptocurrency's demand. Market expert Doctor Profit posted on social media, affirming his confidence that Bitcoin's surge is far from over. He predicted that the cryptocurrency could soon hit new highs, with a target range of $120,000 to $130,000. BITCOIN HIT ATH AT $112,000 THE PARTY IS NOT OVER YET A NEW ATH IS COMING SOON — Doctor Profit 🇨🇭 (@DrProfitCrypto) July 9, 2025 Profit outlined two potential scenarios for this breakout. The first suggests Bitcoin could temporarily dip to a range of $92,000 to $93,000 before bouncing back and quickly moving towards the $120,000 mark. The second, more aggressive scenario, anticipates Bitcoin surging past the $113,000 to $114,000 range without revisiting lower levels. As of the latest update, Bitcoin has retraced slightly to $111,276, attempting to establish this level as its new support floor. How the market reacts to this range will likely play a key role in determining the cryptocurrency's next steps.
Yahoo
19-02-2025
- General
- Yahoo
Historical Glover House at risk of demolition in Swampscott
The General Glover House, a historic landmark in Swampscott that has stood for over 250 years, is now at risk of being demolished. Believed to have been built in the 1750s in what was then Salem, the Glover farmhouse showcases the traditional colonial architecture of the period. The back ell of the house is thought to be just as old as the main structure. For years, the 'Save the Glover' has fought to preserve the home. However, current plans for the site include the construction of 140 housing units. 'We are actively working to save the house,' said Nancy Schultz, chairperson of the Swampscott Historical Commission. 'Our dream goal is to reopen the house, fully restored, by July 4, 2026, in time for the 250th anniversary of the American Revolution.' The campaign envisions a solution where both the historic house and new housing can coexist. According to the 'Save the Glover' website, there is ample space on the property to make this possible. The initiative aims to restore the house, honoring the legacy of General John Glover, a notable American hero and military veteran, and ensuring future generations appreciate its historical significance. While the owners are looking to sell, they hope developers will find a way to preserve the house while redeveloping the site. 'We believe that keeping the General Glover House in Vinnin Square would revitalize the area, transforming a tired shopping center into a vibrant historical destination,' Schultz added. For more information, visit the link here. This is a developing story. Check back for updates as more information becomes available. Download the FREE Boston 25 News app for breaking news alerts. Follow Boston 25 News on Facebook and Twitter. | Watch Boston 25 News NOW
Boston Globe
17-02-2025
- General
- Boston Globe
New exhibit will open in Salem to honor critical standoff with British troops that led to the Revolution
A reenactment of Leslie's Retreat. Courtesy of the National Park Service Lieutenant Colonel Alexander Leslie of the 64th Regiment of Foot and his troops successfully captured the Massachusetts Provincial militia's powder stores in Somerville nearly six months earlier. A peaceful agreement was made hours after the confrontation and the drawbridge was lowered. No shots were fired on that tense Sunday as the British troops were pushed out of Salem. Advertisement The Marblehead Militia, led by General John Glover, cautiously escorted the the British troops to their ship headed back to Boston. The exhibit at the Salem Armory Visitor Center is a joint effort among Essex Heritage, the Salem Maritime National Historic Site, and Minute Man National Historical Park in Concord/Lexington. People can visit the exhibit from Feb. 21 to April 27, Wednesday to Sunday, 10 a.m. to 4 p.m., according to the statement. A reenactment of Leslie's Retreat. Courtesy of the National Park Service Kiera McDonald can be reached at
