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news-imageDecember 12, 2024

Crypto Price Analysis 12-12 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, RIPPLE: XRP, UNISWAP: UNI, CHAINLINK: LINK, ALGORAND: ALGO

Bitcoin (BTC) reclaimed $100,000 after registering an increase of over 4% in the past 24 hours as the crypto market rallied following the release of the November inflation data. The world's largest cryptocurrency almost crossed $102,000 after reaching an intraday high of $101,819 before retreating to its current level.
Publisher: Crypto Daily
Sentiment: Positive
ALGO
BTC

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Positive
cover-imageBenzinga
December 12, 2024

Chainlink Price Soars 22% On President-Elect Donald Trump's World Liberty Financial Purchases: How High Can LINK Go?

Chainlink (CRYPTO: LINK) soared 22% in 24 hours, bringing its month-over-month performance to 93% as fundamental developments point to a bullish future. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Chainlink (CRYPTO: LINK) $27.80 $17.4 billion +22% +14.8% Avalanche (CRYPTO: AVAX) $49.86 $20.4 billion +9.9% -5.5% TRON (CRYPTO: TRX) $0.2963 $25.6 billion +8.2% -12.4% Trader Notes: Crypto trader Altcoin Sherpa advises traders to look for demand zones on lower timeframes, targeting $25 for short-term scalping.

Neutral
cover-imageBenzinga
December 12, 2024

Jeff Bezos Had More Money Than All Bitcoins Put Together Just 4 Years Ago, This Was The Moment When It Changed

Jeff Bezos, founder of tech giant Amazon, has amassed enormous wealth over the last few decades, with figures relating to his personal fortune astounding people from time to time. What happened: In one such instance from July 2020, Bezos' wealth swelled to $171 billion, according to a Bloomberg report, which at the time was more than the total value of all Bitcoins (CRYPTO: BTC) in circulation at roughly $170 billion.

Neutral
cover-imageUToday
December 12, 2024

Bitcoin Still Early: Adam Back

In a recent vote, Microsoft shareholders disapproved a proposal to invest in Bitcoin, with 0.55% of the vote in favor. The decision clearly highlights the reluctance of conventional corporations to include Bitcoin in their reserves, despite the explosive growth of the market in recent months and overwhelming institutional adoption.

Negative
cover-imageCoingape
December 12, 2024

XRP Lawsuit: Ripple Faces New Proposed Order, Hurdle in Appeals Court

XRP Lawsuit: In the latest development in the class action In re Ripple Labs Inc Litigation, the plaintiffs filed appeals in the Ninth Circuit Appeals Court and filed an opposition to the bill of costs in a California district court. Meanwhile, the deadline for the principal brief in Ripple vs SEC case is on January

Positive
cover-imageCoinPedia
December 12, 2024

Chainlink News: Whale Accumulation Signals Bullish Momentum for LINK

Chainlink (LINK) recently experienced its first weekly drop in a month, as the crypto market took a bloodbath after a strong rally. This dip is in line with other altcoins like Ethereum and Cardano, which also saw some retreat. Despite this short-term correction, many analysts believe LINK is poised for a strong rebound.

Positive
cover-imageNewsBTC
December 12, 2024

Solana Set For Explosive Growth: Expert Predicts 1650% Price Increase Based On This Pattern

As the broader crypto market rebounds following Donald Trump's election on 5 November, Solana (SOL), currently the sixth largest token by market capitalization, has resumed its bullish trajectory, recently reclaiming the $230 price level. On Wednesday, the Solana price surged nearly 7%, reaching $232 after a two-week correction period that followed its current all-time high achievement of $263 on November 23.

Positive
cover-imageBitcoin
December 12, 2024

Bitcoin and Ethereum ETFs See Extended Inflow Streaks

Accumulated consistent inflows over a 13-day period for Bitcoin and Ethereum ETFs signals robust demand. Bitcoin and Ethereum ETFs on a Roll Bitcoin and Ethereum exchange-traded funds (ETFs) have been on a remarkable inflow streak over the past two weeks. This is according to data from Sosovalue which tracks the performance of ETFs. On Dec.

Positive
cover-imageCrypto Economy
December 12, 2024

Ripple's Massive XRP Transfer Highlights XRPL's Super Low-Fee Advantage

TL;DR Ripple completed a massive $1.8 billion XRP transfer with a fee of just $0.0013, showcasing the ultra-low transaction costs of the XRP Ledger. The efficiency and cost-effectiveness of the XRPL make it an attractive option for high-value transfers, with average transaction costs significantly lower than Bitcoin and Ethereum.

Negative
cover-imageCoinPedia
December 12, 2024

Bitcoin ATM Operator Byte Federal Reports Data Breach Affecting 58,000 Customers

United States-based Bitcoin ATM operator Byte Federal, recently fell victim to a cyberattack, where hackers exploited a vulnerability in GitLab which resulted in a significant data breach that might have exposed sensitive personal details of about 58,000 customers. This incident raises concerns over the ongoing battle against cyber threats targeting financial platforms.

Positive
cover-imageAltcoin Buzz
December 12, 2024

Vancouver Mayor Proposes Bitcoin Adoption Against Inflation

Ken Sim, Mayor of Vancouver, is making waves with a bold proposal to integrate Bitcoin into the city's financial framework. At a council meeting on Dec. 11, he introduced a motion titled “Preserving the City's Purchasing Power Through Diversification of Financial Reserves—Becoming A Bitcoin Friendly City.

Positive
cover-imageCrypto Economy
December 12, 2024

Breaking Down Bitcoin's $100K Milestone: Miners, Transactions, and Ownership Trends

TL;DR Bitcoin crossed the $100,000 mark for the first time on December 5, 2024, briefly pushing its market capitalization above $2 trillion. Miners' daily revenue surged beyond $40 million, with cumulative earnings reaching $71.49 billion, reflecting the network's robust security and economic incentives. Bitcoin's network processed 1.12 billion transactions, settling $131.

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