Cryptocurrency markets are trading lower on Wednesday despite the Federal Reserve announcing a 0.25% rate cut in its latest FOMC meet. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $102,173.74 -3.9% Ethereum (CRYPTO: ETH) $3,714.81 -5.5% Solana (CRYPTO: SOL) $210.29 -7.3% XRP (CRYPTO: XRP) $2.36 -9.3% Dogecoin (CRYPTO: DOGE) $0.3654 -8.4% Shiba Inu (CRYPTO: SHIB) $0.00002458 -8.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 3.4% and daily active addresses falling by 12.8%.

Bitcoin dropped after Federal Reserve Chair Jerome Powell said the central bank would cut interest rates at a slower pace in the new year.

Crypto analyst Lebicahlz has predicted that the Dogecoin price is set to witness a major explosion, which would send it to new all-time highs (ATHs). The analyst also provided price targets that Dogecoin could reach as it rallies to new highs.

Pudgy Penguins (CRYPTO: PENGU) newly launched token has found its way into established media, coinciding with a rally on Wednesday. What Happened: In a FOX Business interview on Tuesday, Robinhood CEO Vlad Tenev expressed skepticism about meme coins, calling them “distractions.

Shiba Inu (SHIB) has seen intense bearish pressure as its price slips below the critical $0.00002631 level. This downward move reflects growing market challenges, with SHIB struggling to maintain its position above the 100-day Simple Moving Average (SMA).

Here's why SHIB may chart additional price decline in the near future.

Bitcoin's pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.

Shiba Inu (CRYPTO: SHIB) continues to attract attention as its burn mechanism drives supply reduction, sparking optimism among traders despite subdued broader market activity. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00002566 $15.12 billion -3.1% -11.5% Dogecoin (CRYPTO: DOGE) $0.3849 $56.7 billion -3.1% -7.9% Pepe (CRYPTO: PEPE) $0.00002144 $9 billion -5.6% -14.6% Trader Notes: Crypto trader InvestingHaven outlined their 2025 price forecast for SHIB, suggesting a potential high of $0.0000998 and a low of $0.0000234.

Shiba Inu has tumbled 23 percent, but the tokens key support level at $0.000025 remains intact. Analysts suggest the current correction is creating favorable conditions for a possible bullish recovery.

Anomalous activity has been detected in Dogecoin (DOGE) trading. As became known thanks to data from CoinGlass, derivatives trading with the popular meme cryptocurrency witnessed an abnormal imbalance in the last 24 hours.

The meme coin space is facing a mix of IP disputes and speculative frenzy as community-driven projects like Neiro (CRYPTO: NEIRO) tokens clash over legitimacy, while Fartcoin (CRYPTO: FARTCOIN)—an AI-inspired meme token—surged to a market cap of $763.9 million. What Happened: Own The Doge DAO, the organization holding the original Dogecoin (CRYPTO: DOGE) meme IP, announced that it has acquired the rights to use the likeness of Neiro.

The last few days have been ugly, to say the least, for holders of the popular meme-inspired cryptocurrency Shiba Inu (SHIB). After a huge surge of nearly 100% since the beginning of November, the price of SHIB has dropped nearly 23% in the last nine days and recently hit a major support level at around $0.000025 per token.

Bitcoin (BTC) reached an all-time high for the second consecutive day, going past $108,000 and reaching a peak of $108,286. However, the cryptocurrency declined dramatically after reaching this level and is currently trading below $104,000, down almost 3% over the past 24 hours.

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Dogecoin (DOGE) continues to hold investor attention as it battles key support levels near 0.40 USDT. Meanwhile, an emerging cryptocurrency, Rexas Finance (RXS), has captured the spotlight with its recent presale success, raising 26.9 USDT and projecting massive growth potential, including a possible 18,400% surge in 2025.

Dogecoin (DOGE) is showing signs of a potential market reversal as key on-chain metrics experience notable increases. Despite recent consolidation in its price, the cryptocurrency has seen a significant uptick in transaction activity, especially among larger transactions.

Shiba Inu price has not been left behind in the ongoing altcoin sell-off. It has retreated by over 22% from this month's high, but several catalysts could lead to a strong SHIB rebound.

Bitcoin market dominance may decline over the next few weeks as altcoins are ready for another explosive period. The AI coin, IntelMarkets (INTL), is clearly one of the most promising.

Dogecoin (DOGE) transaction volume has plunged to its lowest level since November, indicating a significant drop in market participation on both spot and derivative exchanges.

Dogecoin (CRYPTO: DOGE) continues to trend downward, reflecting broader stagnation in the cryptocurrency market. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.3885 $57.2 billion -4.1% -3.6% Shiba Inu (CRYPTO: SHIB) $0.00002602 $15.3 billion -4.7% -5.9% Pepe (CRYPTO: PEPE) $0.00002179 $9.2 billion -7.2% -8.4% Trader Notes: Crypto trader More Crypto Online notes that Dogecoin's recent 4% drop means the price stuck in a consolidation phase.

Dogecoin price slips for three straight days as the weakness among most altcoins continues. Its pullback mirrors that of other popular meme coins like Shiba Inu, Floki, and Dogelon Mars.

The memecoins have been quiet of late, as all eyes have been on Bitcoin ($BTC). Is it now time for the memes to bounce?

IP-backed meme tokens are quickly becoming a hot topic in crypto circles. The market is showing signs of being wary of unlicensed offerings.

Since Bitcoin became the first cryptocurrency in 2009, there are now thousands of cryptocurrencies. These new coins (which run on their own native blockchains) are called altcoins or alternative coins. One popular altcoin is Dogecoin. It can be bought, sold and traded, just like Bitcoin.

Shibarium, the Ethereum-based layer-2 scaling solution of the Shiba Inu protocol, is on the verge of a major historical record. Since its inception, the protocol has recorded a total transaction count of 669,053,714 as it looks set to breach another major milestone.

On the daily chart, Shiba Inu is under a lot of pressure and is currently going through a noticeable decline. The asset's price has decreased by 2.43% to $0.00002568, its lowest level to date.

The Shiba Inu (SHIB) price is on the back foot this Tuesday, sliding back to the low $0.000026s as Bitcoin continues to suck liquidity out of the broader crypto market, and as the newly launched Pudgy Penguins (PENGU) token steals the limelight. The post Shiba Inu Price Slumps, Eyes This Key Support Zone – Is Its Run Over? appeared first on Cryptonews.

Despite ongoing price consolidation in Shiba Inu (SHIB), the popular second-largest crypto meme coin by market cap has gained significant attention from crypto giants, as reported by the on-chain analytics firm IntoTheBlock. Today, December 18, 2024, IntoTheBlock revealed that the large transaction volume of SHIB has skyrocketed by 238.58% in the past 24 hours.

The Dogecoin price is now at a decisive junction as it hovers near a support level that could determine its short-term direction. A recent analysis on TradingView highlights the importance of the $0.394 support, with outcomes pointing toward both bullish and bearish scenarios depending on price movement at this support level.

Cryptocurrency markets are trading sideways on Tuesday, as markets await the Federal Reserve's interest rate cut decision. The Fed is expected to announce its third consecutive reduction with a 25-basis-point rate cut.

Elon Musk alleges Senator Warrens scrutiny of his role in Trumps cabinet is influenced by Sam Bankman-Frieds parents. The post Elon Musk says Warren's scrutiny of his DOGE role is driven by SBF's family appeared first on Crypto Briefing.

The newly-launched Pudgy Penguins (CRYPTO: PENGU) token has been listed on Binance, prompting speculation that it could soon join the ranks of the top meme coins. What Happened: According to Lookonchain data, a savvy trader made $8.4 million profit by trading PENGU in under 20 minutes.

Shiba Inus (SHIB) whale activity skyrocketed 258%, with 6.42 trillion SHIB worth $175 million moved in 24 hours. Market watchers are speculating on whether this signals accumulation or a looming price breakout.

You might not realize it, but Dogecoin was the trailblazer of the memecoin craze, kicking off a whole new trend in the crypto world when it launched in 2013. Fast forward to 2024, and it's still riding high, fresh off a 35% increase and looking at another potential rally.

Dogecoin consolidates at $0.40 amid spikes in dormant token activity and rising transaction volumes.

The price of the main cryptocurrency, Bitcoin (BTC), set a new all-time high during today's trading session. Thus, having soared by more than 2% from the opening price, a new all-time high for BTC was set at $108,353, according to Binance.

Dog-themed cryptocurrency Shiba Inu (SHIB) is seeing a significant increase in whale moves, with large transaction volumes up 258% in the last 24 hours, according to data from IntoTheBlock.

XRP is getting closer to breaking through its descending resistance line, which could signal a recovery. The asset has been battling within a declining trend for the past few weeks, but if momentum keeps building, its recent price movement suggests a potential recovery.

Shiba Inu price, a popular meme-based altcoin, has shown strong upward momentum following Bitcoin's recent all-time high of $107k. Over the past 30 days, SHIB recorded a notable 10% price gain, signaling growing investor interest.

Prominent crypto tracker Shibburn has published data showing that the SHIB community has remained dedicated to removing meme coins from the circulating supply.

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Most of the coins have returned to the green zone, according to CoinStats.

The market keeps growing today, according to CoinMarketCap.

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In the last two days, over 1.78 trillion SHIB has been moved to exchanges.

Dogecoin (DOGE) is expected to experience an 85% price increase, which could potentially elevate its value to approximately $0.75 by early 2025, according to analysts. Following a significant yearly peak of $0.47 last month, the cryptocurrency is currently trading in the $0.40 range.

Dogecoin (DOGE) is up 350% this year and is in line with the broader crypto market's bullish outlook. Adding credence to this outlook is Elon Musk's Department of Government Efficiency (D.O.G.E.