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news-imageDecember 19, 2024

Bitcoin, Ethereum, XRP Plunge Over 6% Each, Dogecoin Drowns 14% On Turbulent Post-FOMC Thursday

Cryptocurrency markets are trading lower on Thursday, with Bitcoin falling below the $100,000 mark following Wednesday's Fed meeting. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,083.43 -5.7% Ethereum (CRYPTO: ETH) $3,377.75 -9.3% Solana (CRYPTO: SOL) $192.61 -8.3% XRP (CRYPTO: XRP) $2.21 -6.5% Dogecoin (CRYPTO: DOGE) $0.312 -14.1% Shiba Inu (CRYPTO: SHIB) $0.00002161 -12% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 7.4%; daily active addresses remained relatively flat.
Publisher: Benzinga
Sentiment: Negative
BTC
DOGE

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Positive
cover-imageNewsBTC
December 20, 2024

XRP Price Readies For Record-Breaking Peaks As Bollinger Bands Signal 490% Upswing

As the cryptocurrency market faces a significant price correction—led by Bitcoin (BTC) and Ethereum (ETH), which have retraced 2.2% and 4.6% respectively—the XRP price shows early signs of a potential explosive surge. Currently trading at $2.21, the XRP price has recorded a nearly 5% gain in the past 24 hours, finding strong support just below its current price.

Neutral
cover-imageBitcoinist
December 20, 2024

Fed Can't Hold Bitcoin, No Plans Yet To Change Law, Powell Says

Jerome Powell, chair of the US Federal Reserve, recently dismissed speculations that the Fed may add Bitcoin to its reserves. At the end of the its two-day meeting, Powell stated that the Fed isn't allowed to own Bitcoin and doesn't desire to get involved in any government initiative to create a stockpile of digital assets.

Positive
cover-imageThe Currency Analytics
December 20, 2024

Bitcoin Exchange Reserves Plunge to Record Low: Could $120K Be Next

Bitcoin's recent climb to an all-time high of $108,000 has captivated investors, driven by a combination of dwindling exchange reserves and growing demand. With institutional investors increasingly opting to hold their Bitcoin off exchanges, supply constraints are tightening, setting the stage for potentially even greater price milestones.

Neutral
cover-imageThe Currency Analytics
December 20, 2024

El Salvador Secures $1.4B IMF Loan Amid Bitcoin Strategy Shift

El Salvador has successfully secured a $1.4 billion loan from the International Monetary Fund (IMF), finalizing a deal that had been under negotiation for four years. This loan agreement is part of a 40-month program designed to stabilize the country's economy and improve its fiscal health.

Negative
cover-imageCoingape
December 19, 2024

Bitcoin Price Crash: Will BTC Sell Off Continue Ahead?

Bitcoin's recent price correction has sparked debates among analysts and investors about its potential trajectory. After briefly retesting $99,000, Bitcoin's price momentum has slowed, raising questions about whether this signals the start of a larger sell-off or a temporary pause in its uptrend.

Positive
cover-imageThe Currency Analytics
December 19, 2024

XRP Price Breakout: Path to $5.85 Surge

XRP has recently captured the attention of the cryptocurrency market with a notable surge, reaching above $2.7 briefly after a strong 9% increase. Despite facing a brief rejection at this level, the digital asset has continued to exhibit solid bullish momentum, prompting analysts to forecast further price movement upward.

Negative
cover-imageThe Currency Analytics
December 19, 2024

Ethereum Rally May Be Delayed, Expert Warns of Patience Needed

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been steadily gaining attention as the crypto market shows signs of upward momentum. Over recent days, Ethereum's price has shown positive strength, leading many to believe that a major rally is imminent.

Negative
cover-imagePYMNTS
December 19, 2024

El Salvador to Roll Back Bitcoin Project Under IMF Agreement

The International Monetary Fund (IMF) said Wednesday (Dec. 18) that El Salvador will alter its bitcoin project as part of a staff-level agreement on a $1.4 billion Extended Fund Facility (EFF). “The potential risks of the Bitcoin project will be diminished significantly in line with Fund policies,” the organization said in a Wednesday press release.

Negative
cover-imageThe Motley Fool
December 19, 2024

Why Bitcoin, Ethereum, and Dogecoin All Dropped Today

The crypto momentum we've seen all fall and early winter hit a big snag over the past 24 hours after the Federal Reserve cut interest rates. That may sound like a good thing on the surface, but as part of the cuts the Fed also said it expects inflation and unemployment to rise more than expected in 2025.

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