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news-imageOctober 18, 2024

Crypto Price Analysis 10-18 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, RIPPLE: XRP, INJECTIVE: INJ, RENDER: RNDR, DOGWIFHAT: WIF

Bitcoin (BTC) continued to rise as it edges to $68,000, with the world's largest cryptocurrency up by 0.65% over the past 24 hours. The crypto market had a mixed day, with BTC, Ethereum (ETH), Shiba Inu (SHIB), Dogecoin (DOGE), and Litecoin (LTC) posting gains.
Publisher: Crypto Daily
Sentiment: Positive
BTC
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Negative
cover-imageBitcoin
December 9, 2024

Crypto Bloodbath: $1.5 Billion Liquidated as Bitcoin Crashes to $94K

Monday proved to be a tough day for cryptocurrency markets, with the crypto economy shrinking by 6.31% in just 24 hours and $1.5 billion in crypto derivatives positions vanishing. Bitcoin (BTC) found itself hanging on between $96,800 and $97,000 per coin, though it briefly plummeted to $94,249, setting off the turmoil.

Positive
cover-imageThe Currency Analytics
December 9, 2024

Ethereum Set for New All-Time High, Analyst Predicts Huge Surge Ahead

Ethereum (ETH) is on track to reach new all-time highs in the near future, according to a popular pseudonymous crypto analyst known as Pentoshi. In a recent update to his 799,900 followers on X (formerly Twitter), Pentoshi shared his bullish outlook for Ethereum, citing strong demand for spot Ethereum exchange-traded funds (ETFs) as a key driver behind the altcoin's upward momentum.

Positive
cover-imageNewsBTC
December 9, 2024

Analyst Sets $4.40 XRP Target As 3rd-Straight Bull Pennant Forms

An analyst has explained how XRP could eventually reach a $4.40 price target based on the bull pennant pattern that has formed in its 4-hour price. XRP Has Just Shown Its Third Straight Bull Pennant Pattern In a new post on X, analyst Ali Martinez has discussed the bull pennant patterns that have formed for XRP recently.

Neutral
cover-imageBeInCrypto
December 9, 2024

Ripple (XRP) Price Faces Uncertain Momentum After 6-Year Highs

Ripple (XRP) price has surged more than 330% in the last 30 days, surpassing Solana's market cap and reaching its highest levels in 6 years. However, its RSI is now at 46, a significant drop from the overbought level above 70 that was seen between November 29 and December 3, when XRP peaked around $2.90, its highest level since 2018.

Positive
cover-imageCryptonews
December 9, 2024

Riot Plans $500M Convertible Notes Offering to Fund Bitcoin Purchases

Riot Platforms plans to raise $500 million through a private offering of convertible senior notes, aimed at institutional investors, to fund Bitcoin acquisitions and support corporate initiatives as the cryptocurrency market approaches all-time highs. The post Riot Plans $500M Convertible Notes Offering to Fund Bitcoin Purchases appeared first on Cryptonews.

Negative
cover-imageBenzinga
December 9, 2024

Bitcoin, Ethereum, Dogecoin Turn Red: 'Timeline Got Bearish,' Trader Notes

Cryptocurrency markets are trading lower despite U.S. Bitcoin ETF inflows nearing $10 billion. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,080.94 -2.8% Ethereum (CRYPTO: ETH) $3,798.59 -4.7% Solana (CRYPTO: SOL) $222.86 -5.6% Dogecoin (CRYPTO: DOGE) $0.4355 -6.3% Shiba Inu (CRYPTO: SHIB) $0.00002971 -7.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 2.4% and daily active addresses increasing by 8.7%.

Positive
cover-imageCoingape
December 9, 2024

Will Dogwifhat Price Hit $10 This December?

Dogwifhat price, a Solana-based meme coin, has soared by 70% in the past month, gaining significant investor interest. Analysts now anticipate a potential breakout above the $10 mark, driving heightened optimism around the token's bullish trajectory.

Negative
cover-imageCNBC Television
December 9, 2024

Bitcoin retreats from $100,000 as falling Nvidia shares weigh on risk assets: CNBC Crypto World

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Andy Baehr of CoinDesk Indices discusses the growing influence of U.S. politics on crypto prices and how long that influence will last.

Negative
cover-imageBeInCrypto
December 9, 2024

Solana (SOL) Price Down 15% From All-Time High, More Declines Possible

Solana (SOL) price is currently trading roughly 15% below its all-time high reached on November 22, while its market cap it's now at $107 billion, surpassing tech giant Xiaomi. Despite a positive BBTrend on December 8, indicating some upward momentum, it has since weakened and is now at 0.66, suggesting that the trend could reverse soon.

Positive
cover-imageThe Daily Hodl
December 9, 2024

Treasury Department Says Bitcoin (BTC) Being Used As ‘Digital Gold,' Touts Benefits of Tokenization

The U.S. Treasury Department is acknowledging the benefits of asset tokenization and comparing Bitcoin (BTC) to gold. In a new report, the Treasury Department calls the top crypto by market cap a store-of-value asset boosted by speculators. “The use case of digital assets continues to evolve, but interest has proceeded along two main tracks.

Negative
cover-imageCryptonews
December 9, 2024

Bitcoin's Rally Could Hit Pause in 2025, Says Crypto CEO

Bitcoin's price movements, meanwhile, exhibit the strongest historical correlation with U.S. stock indices, suggesting that any downturn in equities could trigger a simultaneous correction in Bitcoin. The post Bitcoin's Rally Could Hit Pause in 2025, Says Crypto CEO appeared first on Cryptonews.

Positive
cover-imageThe Currency Analytics
December 9, 2024

Bitcoin ETF Sees $2.7 Billion Inflows as Whales Accumulate

Bitcoin's price has been facing significant fluctuations recently, but that hasn't stopped institutional investors from pouring billions into Bitcoin Exchange Traded Funds (ETFs). In fact, this week, Bitcoin ETFs recorded a staggering $2.7 billion in total inflows, signaling robust investor confidence despite recent market uncertainty.

Positive
cover-imageCryptopolitan
December 9, 2024

Michael Saylor says he will never stop buying Bitcoin

In an interview with Barstool Sports founder Dave Portnoy, Michael Saylor revealed he would never stop buying Bitcoin. The Microstrategy executive told Portnoy that he will still buy more Bitcoin at a billion dollars a day when the asset retails at a million dollars per coin.

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