The so-called "Santa Rally" of Bitcoin, which is typically a time of optimism and price increases during the holiday season, is beginning to show indications of possible danger. After a brief decline below the 50 EMA at $95,000, Bitcoin has managed to recover and is currently trading close to $97,000. There is increasing concern that this rally may ultimately form a lower high, which is a traditional sign of a downtrend continuation.

A bearish pattern would be validated by a lower high, which m

The price of XRP, the Ripple-affiliated cryptocurrency, is down more than 6% over the past 24 hours, according to data provided by CoinGecko.

However, according to the 100eyes Crypto Scanner, the XRP/USDT pair has formed bullish divergence on an hourly chart.

This indicates that XRP bulls might potentially see a relief bounce in the near future.

A bullish divergence tends to happen when the Relative Strength Index (RSI) is on the rise despite a price drop.

This shows that the current bearish

Jeff Park, head of alpha strategies at Bitwise Invest, has predicted that the price of Bitcoin might potentially hit $1 million if the US creates a Bitcoin reserve.

"That’s the only math in which Bitcoin can hit $1mm+ in 2025 when it happens," Park said in a recent tweet.

However, he sees only a relatively small 10% of a federal Bitcoin reserve happening next year.

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Earlier this year, Senator Cynthia Lummis of Lummis introduced a draft bill that would require the U.S. Treasury to acquire

Read the top three news stories brought to you by U.Today.

Michael Saylor announces $299 million "Bitcoin gift" to MSTR holders

In a recentX post, MicroStrategy founder Michael Saylorshared a significant net benefit for the company's Bitcoin shareholders. Saylor called this benefit a Bitcoin "gift," highlighting that the company's treasury operations yielded approximately 3,177 BTC last week; this equates to around $299 million (at a BTC price of $94,000). Thus, the MicroStrategy’s founder emp

Michael Saylor, the founder and executive chairman of MicroStrategy business intelligence giant, has issued what may be interpreted as a comment on today’s Bitcoin drawdown that coincided with the period of 2024 winter holidays.

Saylor reacts to Bitcoin price plunge

After the world’s pioneer cryptocurrency rallied by almost 6% to recover the $99,400 zone on December 24 before Christmas Day, BTC then managed to trade in that range for two days, reaching $99,881, today, it plummeted by approxima

Amid the declining price performance of Ethereum (ETH) on the cryptocurrency market, whales are actively making decisive moves. Recently, an Ethereum whale stunned the crypto exchange Coinbase with a major transfer.

Institutional confidence amid price decline

According to Whale Alert, the whaletransferred 6,663 ETH worth $22,285,102 from Coinbase to Coinbase Institutional. The move from a retail exchange to a platform catering to institutional investors suggests continued interest despite the

Ethereum (ETH) has been a persistent laggard this year, failing to catch up with other major cryptocurrencies. However, if history is any guide, it might finally shine in 2022.

The altcoin tends to record significant gains during the year that comes right after a quadrennial Bitcoin halving.

This, for instnace, was the case in Q1, 2021. After underperforming against Bitcoin in late 2020, ETH ended up surging by more than 300% within just three months, leaving Bitcoin in the dust.

The altcoin

Although the price of the popular meme-inspired cryptocurrency, Shiba Inu (SHIB), has lost over 35% in the past two weeks, its misadventures may not end there. The fact is that on the price chart of theShiba Inu token, a "death cross" is rapidly forming, as the event is called, when a lower-order moving average crosses a higher-order moving average from top to bottom.

This is believed to symbolize that bearish trends are gaining strength and a medium-term downtrend is forming.

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In our cas

As became known thanks to historical price data from CryptoRank, this year's fourth quarter is officially the best forpopular cryptocurrency XRP in the last seven years. With a return of 253.6% in the last three months, this quarter is also the best for XRP this year.

The last time something similar happened was in 2017. That year, according toCryptoRank, the price rose by 1,064%, with most of that growth also coming in December. This time, the numbers are much smaller, but the price of the pop

Sellers might have seized the initiative, according to CoinStats.

SHIB/USD

The rate of SHIB has fallen by 5.89% since yesterday.

On the hourly chart, the price of SHIB is under bears' pressure. If the daily bar closes near $0.00002144, one can expect a test of the $0.00002120 area by tomorrow.

On the bigger time frame, there are no reversal signals yet. The rate is going down after yesterday's bearish closure.

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If bulls cannot seize the initiative soon, traders may witness a test of th

Max Keiser, Bitcoin maximalist and former financial journalist, has advised the United States government. The recommendations come from macroeconomic factors and the global financial landscape.

Risks of losing dollar dominance

In apost on X, Keiser's message highlights his perspective regarding the likely impact of a shift from fiat currency dominance. He noted that a move from the U.S. dollar to a Bitcoin standard could significantly affect the country’s fiat.

To stay alive, the US will take

Bears are more powerful than yesterday, according to CoinMarketCap.

DOGE/USD

The price of DOGE has declined by 5% over the last day.

On the hourly chart, the rate of DOGE keeps looking bearish as the price remains near the local support of $0.3139.

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If the situation does not change by the end of the day, one can expect a level breakout, followed by a further correction to the $0.31 area.

On the longer time frame, the price of the meme coin keeps falling after a false breakout of the re

Vitalik Buterin, Ethereum co-creator and frontman, has responded to a tweet by @KhaokheowZoo, which thanked the Russian-Canadian crypto billionaire for sending a large donation to the Wildlife Sponsorship Program to help the zoo.

Judging by his X post, he made that donation using his ETH holdings.

Vitalik donates to Moo Deng as her "adoptive father"

The Khao Kheow Open Zoo is based in Chonburi Province, Thailand, approximately 85 kilometers south of Bangkok. The zoo is part of the Khao Kheow-

It is Dec. 26, the day after Christmas, and to put it mildly, the holiday spirit did not last long — for the cryptocurrency market in particular. As soon as the global holiday came to an end, theprice of BTC began to fall, dropping as much as 4% during today's trading session.

As a result, quotes of the leading cryptocurrency hit $95,200, but what is more worrying is that the major figure of $2 trillion for the market capitalization of Bitcoin was lost. This is not the first time this has happe

The XRP network's average number of transactions per ledger has increased noticeably, which is encouraging for its ecosystem. This rise indicates that the network is becoming more active and utilized, which could indicate interest from institutional and retail players. On-chain activity seems to be improving, but the price performance of XRP paints a more complex picture.

As a result of continuous volatility, XRP is currently trading at about $1.80. The asset still has trouble maintaining its u

As data from CoinGlass reveals, Dogecoin (DOGE) traders have experienced severe liquidation over the past 24 hours. Notably, long position traders of the popular meme coin recorded significant losses compared to short positions. This development comes as other notable assets, such as Bitcoin (BTC) and Ethereum (ETH), also registered liquidations.

Imbalance in long and short positions

DOGE’s total liquidation stood at $11.18 million, with long position traders accounting for a larger chunk of t

The price of the popular cryptocurrencyXRP still has more downside than upside. At least that is what the Bollinger Bands tell us if we take a look at the price chart using this popular indicator.

Last week, U.Today reported that XRP was on the verge of a painful drop to as low as $1 per token. The essence of that prediction was the popular cryptocurrency's 2018-like price action, where the price breaks out of the upper band and then returns to the median. Since that article, the price of XRP h

Ki Young Ju, crypto analyst, CEO and founder of the CryptoQuant on-chain data CryptoQuant, has taken to the X social media platform (widely known as Twitter in the past) to comment on recent whale transactions spotted recently, as whales have been buying tons of Bitcoin.

At the time of this writing, Bitcoin is changing hands at $95,772 after dropping by 3.6% over the last 24 hours. It was a sharp reversal after the Christmas rally witnessed on Dec. 25, when Bitcoin surged to $99,000 briefly.

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Dogecoin is most likely stabilizing at the current price levels, and as the RSI indicates, things may finally improve. Everybody is wondering if this stabilization signals the end of its downward trend or if more drops are on the horizon. The fact that DOGE is currently trading below its 50 EMA, which is located at about $0.36, indicates that the asset is having difficulty regaining its bullish momentum.

There is not much selling pressure as the RSI (Relative Strength Index) is still trading cl

After experiencing a few days of market volatility,XRP faces a crucial resistance that will determine its future price trajectory. Market participants are anticipating XRP’s next big move.

XRP key resistance

The price of XRP iscurrently pegged at $2.20, down 4.9% in the past 24 hours. Within this time frame, XRP touched a high price of $2.31, underscoring how much the resistance wall lies at the $2.30 level.

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The daily chart shows that XRP has yet to enter a consolidation channel that wo