Cryptocurrency markets saw volatile trading on Friday despite growing interest in spot ETFs. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,108.38 +0.3% Ethereum (CRYPTO: ETH) $3,462.57 +2.6% Solana (CRYPTO: SOL) $190.13 -1.3% XRP (CRYPTO: XRP) $2.27 +2.5% Dogecoin (CRYPTO: DOGE) $0.3152 +0.9% Shiba Inu (CRYPTO: SHIB) $0.00002172 +0.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 4.6% and daily active addresses falling by 0.3%.
The cryptocurrency market is witnessing signs of recovery, with Solana ($SOL) and Ethereum ($ETH) showing promising reversal patterns. Meanwhile, Altura ($ALU) is gaining momentum, preparing for a bullish breakout that could solidify its position as a multibillion-dollar project.
The crypto market witnessed the sharpest declines in months as Bitcoin crashed to lows of $92k on December 20, 2024. However, the flagship cryptocurrency was back at $97k at the time of writing. Meanwhile, Horizen price led top gainers as Ethereum and XRP flipped positive after crashing to key support levels.
Bitcoin's (CRYPTO: BTC) sell-off on Friday saw prices dip below $93,000, but Bitwise CIO Matt Hougan argues that the current pullback is a “hiccup” rather than a trend reversal. Hougan sees strong underlying factors including regulatory tailwinds, institutional adoption and Bitcoin purchases by governments as structurally bullish factors for Bitcoin.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Strong price performance and staking could propel Ether ETF inflows in 2025, analysts say.
A solid recovery in Bitcoin price is a hint that bulls have not given up on BTC and altcoins as they continue to buy dips below key support levels.
World Liberty Financial (WLFI), the latest venture by incoming US President Donald Trump, has generated a lot of interest in the cryptocurrency space. WLFI has been working on strategic projects in the field of decentralized finance.
The crypto market started off with mixed signals, with Bitcoin leading the altcoins following the launch of the spot BTC ETFs. However, the rest of the year proved to be rather bleak until Q4.
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Ethereum (ETH) is experiencing heightened volatility as large whale activity causes a significant sell-off, driving the price to a weekly low. Ethereum whales, holding between 1,000 and 10,000 ETH, sold off 60,000 ETH worth over $200 million on December 18th.
The SEC approved the first-ever hybrid Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, broadening institutional crypto access.
The Ethereum price is down over 6% in the last 24 hours, dropping to as low as $3,120 during this period. This price drop is due to several factors, including the Fed's hawkish stance, which paints a bearish picture, not just for ETH but also for the broader crypto market.
Horizen price spiked more than 60% in 24 hours as the cryptocurrency market looked to recover from a massive dump that saw top altcoins crash to key support levels. On Dec.
TL;DR More than $2.6 billion in Bitcoin and Ethereum options expire today, which could generate significant volatility in the prices of both cryptocurrencies and altcoins. Bitcoin accounts for $2.02 billion of the expirations, while Ethereum represents $598.99 million.
Amid the ongoing cryptocurrency market downturn, World Liberty Financial (WLFI), a decentralized finance project associated with President-elect Donald Trump, has increased its Ethereum (ETH) holdings. Recent data from Etherscan reveals that the project has acquired over 1,481 ETH in a single day, continuing its strategy of buying during market dips.
TL;DR The SEC approves the first hybrid ETFs combining Bitcoin and Ethereum, a significant step towards integrating cryptocurrencies with traditional markets. The funds, Hashdex Nasdaq Crypto Index US and Franklin Crypto Index, will have an approximate distribution of 80% Bitcoin and 20% Ethereum.
World Liberty, the crypto project backed by the Donald Trump family, has bought the dip with another $2.5 million spent on Ethereum.
Billy Markus, founder of Dogecoin (DOGE) known on social media as Shibetoshi Nakamoto, dropped a cryptic post on X. The post reflects his reaction to the rapid decline witnessed in the prices of Bitcoin (BTC), Dogecoin (DOGE) and Ethereum (ETH).
Spon On Chain reported another 722 ETH purchase by Trump's project World Liberty Financial (WLFI). WLFI currently holds a significant 15,595 ETH, including 5 other tweets.
Bitcoin's price correction dragged major altcoins with it with the global crypto market cap decreasing by 9.53%. Major Altcoins Follow BTC Dip Bitcoin‘s price correction extended into Friday, Dec. 20, as the number one crypto continued to shed its recent gains.
The U.S. Securities and Exchange Commission (SEC) has approved the first crypto index exchange-traded funds (ETFs) from Hashdex and Franklin Templeton.
Stablecoin supply on Ethereum Layer 2 networks hits a new record of $13.5 billion, reflecting increased adoption of digital assets and DeFi solutions. The post Stablecoin Supply in Ethereum Layer 2s Reaches $13.5 Billion appeared first on Cryptonews.
Coinbase's Layer-2 blockchain network Base has experienced significant user growth, adding an average of 1.56 million new users per month in 2024.
Ethereum validators signaling for a higher gas limit have grown to 10%, driven by community advocacy for raising the cap to improve network efficiency and reduce transaction fees.
After multiple delayed reviews, the United States Securities and Exchange Commission (SEC) has finally given its regulatory greenlight the first spot exchange-traded funds tracking both Bitcoin and Ethereum.
The crypto market continues to face a sharp downturn, shedding around 10% in the past 24 hours after the Federal Reserve's latest policy update. Bitcoin's price plunged nearly 10%, hitting a low of $93,000.
Ethereum price faces downward pressure as the SEC's approval of spot ETFs sparks new market movements. Will ETH recover, or will bearish trends prevail?
Bitcoin (CRYPTO: BTC) on Friday plummeted approximately 10% to a preliminary low of $92,250, influenced by the Federal Reserve's recent “hawkish” 0.25% rate cut and a combination of profit-taking and technical market forces, according to industry experts. Ethereum (CRYPTO: ETH) has followed Bitcoin down, falling 16% to $3,115.
Ethereum (ETH) is experiencing a decline in price today, largely due to several factors putting pressure on the altcoin. After reaching a high of $4,109 earlier this week, Ethereum's price has dropped by almost 20%.
Ethereum's gas limit may be raised from 30 million to 40 million to lower transaction fees by 15-33%. Supporters of the proposition argue it will boost dApp efficiency, while critics warn it could cause centralization and network strain.
Parcl ($PARCL) has taken a knock, with a price decline of -13.10% in the past seven days. As a real estate trading DEX, PARCL provides traders with the option of major city indices, among them New York, Los Angeles, and Dubai.
The funds will hold bitcoin and ether on a market cap-weighted basis. Other cryptocurrencies could be added pending regulatory approval.
Ryan Sean Adams, a general partner at Bankless Ventures, recently highlighted a groundbreaking development in Ethereum's ecosystem on social media platform X. According to Adams, an AI agent, @0xzerebro, became the first to stake 32 ETH and launch its own Ethereum validator on Dec. 12.
Ethereum (ETH) price has crashed over 11% dropping under $3,300 in the last 24 hours amid selloff by the Ethereum whale entities as well as the Ethereum Foundation. With ETH falling under the crucial support of $3,500 today, there have been heavy liquidations of long positions with analysts expecting the next support around $2,800.
Ethereum fell back to the $3.3K mark, losing by over 8%. The market saw $187.38 million worth of Ethereum liquidated.
The SEC approved two new crypto index ETFs, Hashdex's Nasdaq Crypto Index U.S. ETF and Franklin Templeton's Franklin Crypto Index ETF.
The crypto industry experienced a transformative year in 2024, marked by rapid user acquisition and shifting ecosystem dynamics.
Ethereum has experienced a 7% price decline, breaking below multiple support levels to trade under $3,550, with technical indicators suggesting continued bearish pressure in the immediate term.
Bitcoin (BTC) plunged below $100,000 following Federal Reserve Chair Jerome Powell's comments on reducing rate cuts in 2025, rattling investors and leading to a massive selloff across asset classes.
Spot Ether ETFs experienced major outflows totaling $60.47 million as Ether's price plunged over 9% in the past 24 hours.
Ethereum layer-2 networks now lock over $13.5 billion in stablecoins, driving total market capitalization to $205 billion.
The SEC has approved the launch of crypto index ETFs from Hashdex and Franklin Templeton, offering exposure to Bitcoin and Ethereum. They are set to launch in January.
The crypto market has reached a significant milestone as the US Securities and Exchange Commission (SEC) approves two groundbreaking exchange-traded funds (ETFs). The Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF offer a unique proposition, blending spot Bitcoin and Ethereum investments into one streamlined package.
Deutsche Bank, one of the major European banking groups, is exploring various Layer-2 solutions on Ethereum.
Ethereum (ETH) has experienced sharp declines in recent days, forcing some of the cryptocurrency's largest holders to liquidate significant amounts of their holdings. According to market tracker LookonChain, the price of Ethereum has fallen by 18.35% from its Monday high of $4,109, forming a bearish engulfing pattern on the daily chart.
Amid the broader crypto market crash, liquidation numbers soared to more than $1 billion with the Bitcoin price dropping all the way to $95,000 levels. Altcoins like ETH, SOL, DOGE are seeing even greater selling pressure correcting 8-13%.