Ethereum price returned above the USD 3,300 mark on Monday, a key support level for the last month. We discuss the odds of a reversal.
Bitcoin faced its first big weekly decline since Trump's election-fueled rally, likely due to reduced Federal Reserve rate cut projections.
Tron founder Justin Sun has sold 50% of his Ethereum holdings, triggering a sharp drop in ETH prices. Crypto analysts warn of further market turbulence as Ethereum struggles to maintain critical support levels.
TL;DR Tether is set to launch a new AI platform in Q1 2025, marking a significant step in its diversification strategy and aiming to integrate AI technology with its financial services. Under CEO Paolo Ardoino's leadership, Tether has been expanding beyond stablecoins, investing in sectors like energy, payments, telecommunications, and AI.
Bitcoin has been navigating an ascending consolidation phase near its critical $108K resistance level, recently encountering a sharp decline. However, strong support zones suggest a potential for a short-term bullish rebound.
Japanese Bitcoin-focused firm Metaplanet has significantly increased its crypto portfolio following its recent US market expansion. On Dec. 23, the company, listed on the Tokyo Stock Exchange and trading on the US OTCQX Market as MTPLF, said it acquired 619.70 BTC for 9.5 billion yen ($60.7 million).
Ethereum (ETH) faced increasing sell pressure last week as crypto prices tumbled. The largest altcoin, on the verge of an uphill climb ahead of 2025, has plummeted beyond multiple resistance levels.
Investors who regret not purchasing Ethereum (ETH) at $0.66 in 2015 now have a chance to find similar ground-breaking cryptocurrencies ready for explosive expansion. Today, three altcoins show possible evocative of Ethereum's early years: Polygon (POL), TRON (TRX), and Rexas Finance (RXS).
After breaking its $4000 bottleneck, Ethereum is expected to rally toward $15,000 in 2025, potentially leading to an altcoin season. Rexas Finance, Aptos, and Cardano are among the leading altcoins to surge alongside Ethereum, each with solid fundamentals and market momentum to provide big rewards for investors.
Bitcoin [BTC] continues to attract market demand despite recent pullbacks.
As 2024 nears its conclusion, Ethereum price fluctuations are being closely monitored. The trajectory of the cryptocurrency is critically influenced by key resistance and support levels, as indicated by recent analysis from crypto experts, which suggests a cautiously optimistic outlook.
TL;DR A recent report by VanEck suggests that the U.S. could reduce its national debt by creating a Bitcoin reserve, potentially offsetting 35% of the debt by 2049. VanEck's analysis projects Bitcoin's value to reach $42.3 million by 2049, with the U.S. national debt growing to $119.3 trillion.
Tron founder Justin Sun has made significant Ethereum sales amid a sharp downturn in the cryptocurrency's price. Over the past seven days, Sun has sold 50% of his Ethereum holdings, valued at approximately $143 million, following Ethereum's rejection at the $4,000 level.
Simon Gerovich, the CEO at Metaplanet, announced that the company has achieved a BTC yield of 309 percent QTD as it holds about 1,761 Bitcoin.
El Salvador's festive holiday celebrations amid IMF restrictions. As the country adds to its Bitcoin (BTC) reserve, El Salvador's Christmas 2024 celebration has a distinctive Bitcoin-themed Christmas tree, further demonstrating the country's everlasting dedication to the original cryptocurrency.
Over the last five days the Bitcoin ($BTC) price has generally trended downward. Currently holding just above $95,000, will this decline continue, or could we see a big recovery going into the end of this year?
Bitcoin has factored in an additional price drop of 0.72% in the last 24 hours. Resulting from recent price drops, BTC has entered a selling market situation as per reports.
Ethereum whales accumulate, suggesting a potential market rebound despite recent declines. Technical indicators hint at price stabilization and a possible bullish breakout.
At the start of this year, the dominance of Ethereum was around 16.96%. In late February, it touched an yearly peak of 19.28%. In mid-May, it plummeted to a low of 15.42%. Just before the launch of Ethereum spot ETFs, it rebounded to a peak of 18.8% in mid-June.
A VanEck report suggests that the US could cut its national debt by 35% over the next 24 years by holding a Bitcoin reserve.
AAVE has defied the overall market trend, with a notable 10% surge.
In his latest video published on December 21, crypto analyst Rekt Capital tried to answer the question “What's The Worst Case Scenario For Bitcoin Right Now?”. After reaching a new all-time high at $108,374 on December 17, the BTC price is down more than -11%.
Bitcoin experienced its first major weekly decline since Trump's election victory, falling 10% to $94,645 amid Federal Reserve policy shifts and technical weakness, though major firms maintain bullish long-term outlooks for 2025.
Sun's sell-off, meanwhile, follows a larger pattern of sell-offs as ETH prices have continued to drop since failing to overcome the $4,000 resistance level.
On December 23, pseudonymous analyst Marty Marty shared an analysis of the U.S. Dollar Index (DXY), highlighting its potential impact on financial markets, including cryptocurrencies. The DXY, which measures the strength of the U.S. dollar against a basket of major currencies, currently stands at 107.84.
Japanese investment firm Metaplanet made its largest Bitcoin purchase of 619.7 BTC worth $60 million, bringing its total holdings to 1,762 BTC valued at $168 million
MicroStrategy, a leader in institutional Bitcoin acquisition, has recently reached a historic milestone by surpassing the purchase volumes recorded during the 2021 bull market. These moves reflect a bold strategy and an unwavering commitment to the flagship cryptocurrency.
Bitcoin (BTC) and other cryptocurrencies suffered a bloodbath over the weekend as markets dropped significantly. In just over 24 hours, BTC dropped from around $108,000 to its current level of $95,000, as the Fed's announcement about reducing rate cuts in 2025 hit the market hard.
The bank will offer Bitcoin and crypto investment services to its 35 million customers. This move follows official approval from the French financial regulator, Autorité des Marchés Financiers (AMF).
Bitcoin price has recently broken below a long-time ascending channel and the Trump-fueled rally needs fresh impetus to sustain gains.
A possible solution to the main problem, namely the signatures, has also already been suggested.
With Bitcoin's sudden downturn marking a bearish week for the crypto market, a recap highlights the top performers and biggest losers. Examining various aspects of Bitcoin and altcoins, here's an outlook on how Bitcoin could still reclaim the $100K milestone.
Rich Dad Poor Dad author Robert Kiyosaki has issued a stark warning while hinting towards an economic depression ahead. In a recent X post, the renowned author said that the global market crash has already started, as he predicted earlier, which indicates that the financial market might enter a “depression” phase.
Ever since the BTC price triggered a massive breakout to the ATH, the markets have become highly optimistic about the next price action. The upper targets were elevated beyond $110K to $115K ahead of the yearly close.
Bitcoin traders rapidly adjust their short-term BTC price outlook as support fails and BTC/USD heads further below $100,000.
The Tokyo-listed firm said today it purchased an additional 619.7 BTC after it raised almost $61 million through bond issuance last week.
Japan's Metaplanet announced the purchase of an additional 619.70 BTC on Monday, capitalising on the Bitcoin dip to the $95,000 level. The total estimated cost of the deal was around $60 million (around £47 million). As per a statement by the company, the average price for the purchase was around $96,000.
A veteran of the Bitcoin ecosystem says that BTC is moving into a phase where extreme price impulses to the upside will become normalized.
The crypto market is feeling the heat of bearish momentum. Ethereum has had a rough week, and Justin Sun seems to be right in the middle of it. The Tron founder has been selling off his ETH holdings, and it's creating ripples in the market.
The cryptocurrency landscape is undergoing a significant transformation as institutional demand for Bitcoin (BTC) surges. One of the most notable trends in the market is the growing role of spot Bitcoin Exchange-Traded Funds (ETFs), which now absorb more Bitcoin than miners can produce.
BTC saw its worst week since Trump's victory in early November.
Tokyo-listed Metaplanet has purchased another 9.5 billion yen ($60.6 million) worth of Bitcoin, pushing its holdings to 1,761.98 BTC. Metaplanet, a publicly traded Japanese company, has acquired 619.
BTC may remain on the defensive for some time, presenting a "buy the dip" opportunity to investors, according to Bitwise's Andre Dragosch.
The Bitcoin market pullback has deepened, with the asset extending losses over the weekend and into this week.
Japan's MicroStrategy Metaplanet announced the purchase of an additional 617 BTC on Monday, buying the Bitcoin dips to $95,000 levels. It further reported that the company has generated a massive 309% yield on its Bitcoin holdings during the fourth quarter.
Metaplanet has made its largest Bitcoin purchase to date, acquiring nearly 620 BTC as the cryptocurrency trades below $100,000. The post Metaplanet Makes Record 620 BTC Purchase Amid Price Dip Under $100K appeared first on Cryptonews.
Even though Bitcoin managed to record impressive gains in 2024, it is not the best-performing commodity of the year.
Bitcoin's social sentiment has dropped to its lowest point of 2024, with the ratio of positive to negative comments falling to 4:5.