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news-imageDecember 2, 2024

Price analysis 12/2: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX

Traders are buying Bitcoin price dips below $95,000, but will it be enough to prevent a sharper correction in BTC and altcoins?
Publisher: Cointelegraph
Sentiment: Neutral
ADA
AVAX

More News Articles

Positive
cover-imageThe Currency Analytics
December 4, 2024

XRP Needs 200% Rally to Flip Ethereum and Reclaim 2nd Spot

XRP, once considered a lagging altcoin, has recently shown impressive growth, surpassing its 2021 price peak and reclaiming the $100 billion market cap. As of December 2024, XRP is positioning itself to challenge Ethereum for the coveted second spot in the cryptocurrency market by capitalization, a position it held briefly during 2017 and 2018 before the SEC lawsuit against Ripple.

Positive
cover-imageThe Currency Analytics
December 4, 2024

Record Inflows in Bitcoin and Ethereum ETFs: What It Means for the Crypto Market's Future

Cryptocurrencies have been gaining traction as institutional investors continue to show increasing interest, particularly through financial products like spot Bitcoin and Ethereum exchange-traded funds (ETFs). This trend was underscored on December 2, when Bitcoin and Ethereum ETFs saw significant inflows, signaling a shift in the financial landscape.

Negative
cover-imageCoinPedia
December 4, 2024

Pump.fun Developers Sell $200M SOL Amid $278M Revenue Milestone

The Solana (SOL) network has grown to a top-tier layer one (L1) blockchain majorly bolstered by the memecoins launched in the past year. Solana's memecoin market cap has scaled to over $20 billion and a daily average traded volume of over $8 billion, led by dogwifhat (WIF), and Bonk (BONK), among others.

Positive
cover-imageCoinPedia
December 4, 2024

Ethereum Price Prediction (Dec 4th 2024)

As the Bitcoin whales maintain a wait-and-watch strategy and the BTC price falls near the $96,000 mark, Ethereum is making a bullish comeback. With an intraday surge, the Ethereum ETFs are showcasing positive trends, driving institutional demand.

Positive
cover-imageCoinPedia
December 4, 2024

BNB Price Surges to New All-Time High: Is $1,000 the Next Target?

As Bitcoin (BTC) buyers consolidate to regain bullish momentum for the next rally above $100k, the altcoin industry – led by Ripple Labs XRP, Binance Coin (BNB), and Tron (TRX), among others – has gained significant grounds. The TOTAL3, which excludes Bitcoin and Ethereum, rallied to a new all-time high (ATH) of about $1.

Neutral
cover-imageCoinPedia
December 4, 2024

Bitcoin (BTC) Price Prediction (Dec 04th 2024)

Story Highlights The BTC price records a neutral price action for the third consecutive day. Bitcoin ETF breaks its inflow streak and loses $17.3 million in 24 hours. Technical indicators record mixed price sentiment. Despite increased price volatility, Bitcoin has displayed neutral price action this week.

Neutral
cover-imageUToday
December 4, 2024

Whale Moves $257 Million Worth of Bitcoin

According to data provided by cryptocurrency analytics firm Lookonchain, a whale with 2,700 BTC (more than $250 million in dollar terms) recently transferred all of its holdings out after 11 years of dormancy.

Negative
cover-imageNewsBTC
December 4, 2024

Bitcoin's Silent Whales: Rising Exchange Inflows Hint at Market's Next Big Move

Bitcoin has experienced notable whale activity since the conclusion of the US election on November 5, with an increase in the volume of Bitcoin transferred to exchanges by active whale addresses. However, contrary to what one might expect, there hasn't been a significant surge in profit-taking activity among these large holders, a CryptoQuant analyst named onatt revealed in a recent post on the QuickTake platform.

Negative
cover-imageCoinPedia
December 4, 2024

Bitcoin Jesus Fights $48M Tax Evasion Charges

Roger Ver, famously dubbed “Bitcoin Jesus,” is no stranger to controversy. Now, he's up against U.S. prosecutors who accuse him of dodging $48 million in taxes tied to Bitcoin sales. Ver isn't just denying the charges. He's calling the tax rules themselves unconstitutional.

Negative
cover-imageThe Currency Analytics
December 4, 2024

US Moves $1B in Bitcoin, Threatening Trump's Reserve Plans

The US government recently moved a substantial portion of its Bitcoin holdings, amounting to $1.92 billion, raising concerns about the future of Bitcoin reserves under the upcoming administration. This transaction, which included $963 million moved to Coinbase, has reignited discussions on the potential for the US to liquidate its Bitcoin holdings before President Joe Biden leaves office, potentially undermining plans by President-elect Donald Trump to create a US Bitcoin Reserve.

Positive
cover-imageNewsBTC
December 4, 2024

BNB Surges 18% To Hit Record High Close To $800: Is Further Growth On The Horizon?

Binance Coin (BNB), the native cryptocurrency of the Binance blockchain, has officially entered a new price discovery phase, recently reaching an all-time high of $774 late Tuesday. This significant milestone reflects a broader trend in the cryptocurrency market, where attention has shifted from Bitcoin (BTC) to altcoins like BNB and XRP, both of which have demonstrated impressive price movements over the past 48 hours.

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