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news-imageDecember 23, 2024

Crypto Price Analysis 12-23 BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, DOGECOIN: DOGE, RIPPLE: XRP, APTOS: APT, CELESTIA: TIA

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.
Publisher: Crypto Daily
Sentiment: Negative
APT
BTC

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Positive
cover-imageThe Currency Analytics
December 23, 2024

Ethereum Whales Buy $1B Worth of ETH, Market Recovery Ahead

Ethereum (ETH) whales have made significant moves in the market, purchasing 340,000 ETH over the past three days, valued at over $1 billion. This massive accumulation has fueled speculation among investors and analysts about the potential end of Ethereum's correction phase and the start of a market recovery.

Positive
cover-imageUToday
December 23, 2024

XRP Seeing Parabolic Growth in Wallets Amid 253% Gain

XRP, the fourth largest cryptocurrency by market capitalization, has experienced growth in its price and number of holders. XRP has seen a significant increase in nonempty wallets; according to on-chain analytics firm Santiment, the huge recent increase in XRP wallets, followed by a steady record rise in Ethereum wallets shows a massive two-year crypto growth.

Negative
cover-imageCryptoGlobe
December 23, 2024

Why Is XRP Down? Dec. 23rd Update and Price Analysis

XRP has faced a significant downturn in recent days, with its price dropping nearly 20% from an intraday high of $2.7255 on December 17 to $2.20 as of December 23, 2024. This decline comes amid broader struggles in the cryptocurrency market, where macroeconomic factors have driven a sharp sell-off.

Positive
cover-imageCrypto Economy
December 23, 2024

Nexo's ETF Proposal Blends Bitcoin Growth with Carbon Sustainability

TL;DR Nexo, in collaboration with 7RCC Global, has proposed the world's first ESG-focused Bitcoin ETF, blending Bitcoin's growth potential with environmentally sustainable investment practices. The Nexo 7RCC ETF will allocate 80% of its portfolio to Bitcoin and 20% to Carbon Credit Futures, ensuring adaptability to regulatory changes while fostering sustainable investment practices.

Positive
cover-imageCryptoSlate
December 23, 2024

Metaplanet adds another 619 BTC to its holdings

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).

Positive
cover-imageCoingape
December 23, 2024

Will Ripple Price Rocket 60% After XRP ETF Launch?

Ripple's native cryptocurrency XRP has shown major strength during the crypto market pullback, despite a 400% gain amid rising hopes of an XRP ETF launch. Ripple price is currently trading in a bull-flag pattern and eyeing a breakout to the $3.5 level.

Positive
cover-imageUToday
December 23, 2024

XRP Eyes $2.50 Resistance as Bulls Reemerge

With the digital currency ecosystem in consolidation mode, XRP bulls are eyeing more ambitious price marks amid a rebound. At the time of writing, the price of XRP was changing hands for $2.19, down by 2.46% in the past 24 hours.

Positive
cover-imageCrypto news
December 23, 2024

El Salvador celebrates Christmas 2024 by buying another 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.

Neutral
cover-imageCryptopolitan
December 23, 2024

No Dogecoin ETF yet? Experts drop hints on next moves

The year 2024, which began with the banging launch of the US Bitcoin spot exchange rraded funds (ETFs), is ending with the hopes that more crypto-linked investment products will soon enter the market. Bloomberg's Eric Balchunas even agreed with the ETF Store's president on the surprising absence of filings for a Dogecoin ETF.

Positive
cover-imageCointribune
December 23, 2024

Crypto: DOGE Whale Activity Signals Potential Powerful Rally

In a strategic move amid a volatile crypto market, large investors, commonly referred to as "whales," have accumulated over 250 million Dogecoin (DOGE). This significant acquisition occurred while the price of dogecoin was declining, drawing market attention due to its timing and magnitude.

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