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Terraform Labs founder Do Kwon has been extradited to US authorities.Do Kwon, “Terra King,” Extradited to US: Awaiting Fraud Trial. Terraform Labs founder Do Kwon has been extradited to the US from Montenegro to face fraud charges in the $40 billion collapse of the Terra ecosystem in 2022. Do Kwon was arrested in Montenegro in March 2023 when he tried to board a flight using a fake Costa Rican passport. After the collapse of two cryptocurrencies, TerraUSD and Luna, in May 2022, Kwon had been on the run from authorities for nearly a year. Montenegro Accepts Extradition to the US The extradition decision was approved by the Montenegrin Constitutional Court after rejecting Kwon's final appeal. The Montenegrin Minister of Justice decided: “Most of the legal criteria are in favor of the extradition request from the United States. Therefore, we decided to approve the extradition request of Kwon to the United States, while rejecting the extradition request from South Korea.” Serious Accusations In the United States, Do Kwon was indicted on multiple felony charges including fraud and conspiracy to commit fraud. Similarly, South Korea has also filed corresponding charges against Kwon. Terraform Labs, a company founded by Kwon, developed TerraUSD, a stablecoin designed to maintain a price of $1. However, the collapse of TerraUSD caused a crisis in the cryptocurrency market, causing thousands of investors to suffer heavy losses. US prosecutors accuse Kwon of misleading investors about the reliability of digital tokens. If convicted, Kwon could face decades in prison. #Mr_Pips

Terraform Labs founder Do Kwon has been extradited to US authorities.

Do Kwon, “Terra King,” Extradited to US: Awaiting Fraud Trial.
Terraform Labs founder Do Kwon has been extradited to the US from Montenegro to face fraud charges in the $40 billion collapse of the Terra ecosystem in 2022.
Do Kwon was arrested in Montenegro in March 2023 when he tried to board a flight using a fake Costa Rican passport.
After the collapse of two cryptocurrencies, TerraUSD and Luna, in May 2022, Kwon had been on the run from authorities for nearly a year.

Montenegro Accepts Extradition to the US

The extradition decision was approved by the Montenegrin Constitutional Court after rejecting Kwon's final appeal. The Montenegrin Minister of Justice decided:

“Most of the legal criteria are in favor of the extradition request from the United States. Therefore, we decided to approve the extradition request of Kwon to the United States, while rejecting the extradition request from South Korea.”

Serious Accusations

In the United States, Do Kwon was indicted on multiple felony charges including fraud and conspiracy to commit fraud.
Similarly, South Korea has also filed corresponding charges against Kwon.
Terraform Labs, a company founded by Kwon, developed TerraUSD, a stablecoin designed to maintain a price of $1.
However, the collapse of TerraUSD caused a crisis in the cryptocurrency market, causing thousands of investors to suffer heavy losses.
US prosecutors accuse Kwon of misleading investors about the reliability of digital tokens. If convicted, Kwon could face decades in prison.

#Mr_Pips
Will ETH Outperform BTC by 2025? Report Predicts ETH Price at $8,000($ETH )Ethereum to Break Out in 2025? Price Could Hit $8,000 Ethereum (ETH) is predicted to outperform Bitcoin (BTC) by 2025, according to a report from Steno Research. The prediction is based on historical trends and favorable cryptocurrency regulations following a likely victory for presidential candidate Donald Trump in the November election. ETH Waiting for New High? Despite the cryptocurrency market hitting a record $3.9 trillion this year, Ethereum has yet to really break out. However, the report suggests that $ETH could hit $8,000 by 2025 thanks to increased institutional investment and supportive regulations. Bitcoin is also forecast to peak at $150,000, but Ethereum could more than double from its current price of $3,400. The ETH/BTC trading pair is also expected to rise from $0.035 to $0.06 over the next 12 months. DeFi Will Soar The report also highlights the recovery of DeFi (decentralized finance) activities in the Ethereum ecosystem, with the total value locked (TVL) expected to reach $300 billion by 2025. In addition, the launch of Ethereum exchange-traded funds (ETFs) will attract large capital inflows, reinforcing the bullish trend for ETH. In addition, the report also noted that ETH increased by 10% after the November election, thanks to optimism about DeFi regulations. Currently, $ETH is trading at $3,417, up 3% in the last 24 hours. {spot}(ETHUSDT) #Mr_Pips #ETH #crypto

Will ETH Outperform BTC by 2025? Report Predicts ETH Price at $8,000

($ETH )Ethereum to Break Out in 2025? Price Could Hit $8,000
Ethereum (ETH) is predicted to outperform Bitcoin (BTC) by 2025, according to a report from Steno Research.
The prediction is based on historical trends and favorable cryptocurrency regulations following a likely victory for presidential candidate Donald Trump in the November election.
ETH Waiting for New High?
Despite the cryptocurrency market hitting a record $3.9 trillion this year, Ethereum has yet to really break out.
However, the report suggests that $ETH could hit $8,000 by 2025 thanks to increased institutional investment and supportive regulations.
Bitcoin is also forecast to peak at $150,000, but Ethereum could more than double from its current price of $3,400. The ETH/BTC trading pair is also expected to rise from $0.035 to $0.06 over the next 12 months.
DeFi Will Soar
The report also highlights the recovery of DeFi (decentralized finance) activities in the Ethereum ecosystem, with the total value locked (TVL) expected to reach $300 billion by 2025.
In addition, the launch of Ethereum exchange-traded funds (ETFs) will attract large capital inflows, reinforcing the bullish trend for ETH.
In addition, the report also noted that ETH increased by 10% after the November election, thanks to optimism about DeFi regulations.
Currently, $ETH is trading at $3,417, up 3% in the last 24 hours.

#Mr_Pips #ETH #crypto
Top 10 Most Active Bitcoin Networks in 2024 AnnouncedTop 10 Most Active Altcoin Networks in 2024: Ethereum Disappears, Bitcoin Surprises. As 2024 comes to a close, the list of blockchain networks with the highest number of daily active users over the past year has been released, bringing with it a few surprises. Bitcoin Surpasses $100,000, Ethereum Out of the Game In 2024, the cryptocurrency market witnessed an incredible boom when Bitcoin (BTC) broke the $100,000 mark, marking a major turning point in the crypto community. However, while Bitcoin grabbed the spotlight with its meteoric growth, many altcoin networks hit records in terms of daily active addresses. Surprisingly, Ethereum did not make the top 10, but instead, many layer 2 protocols took the top spots. Top 10 Most Active Blockchains 2024 1.Near ($NEAR ) – 2.7M Active Addresses/Day 2.Solana ($SOL) – 2.6M 3.Tron ($TRX) – 1.9M 4.BNB Chain ($BNB) – 1M 5.Polygon ($POL ) – 855K 6.Base – 655K 7.Sui ($SUI) – 519K 8.Bitcoin ($BTC) – 496K 9.The Open Network ($TON) – 414K 10.Arbitrum ($ARB ) – 413K Layer 2 Rises, Bitcoin Surprises The success of layer 2 protocols is explained by their faster speeds and lower fees compared to layer 1 protocols like Ethereum. Meanwhile, despite not possessing many DeFi features, Bitcoin still maintains the 8th position, showing significant influence from the user community. Shifting Trends In The Market This ranking reflects an increasingly clear trend in the cryptocurrency market: users are moving from traditional platforms like Ethereum to new solutions with higher performance. {spot}(TONUSDT) {spot}(SUIUSDT) {spot}(TRXUSDT) #Mr_Pips #crypto

Top 10 Most Active Bitcoin Networks in 2024 Announced

Top 10 Most Active Altcoin Networks in 2024: Ethereum Disappears, Bitcoin Surprises.
As 2024 comes to a close, the list of blockchain networks with the highest number of daily active users over the past year has been released, bringing with it a few surprises.

Bitcoin Surpasses $100,000, Ethereum Out of the Game

In 2024, the cryptocurrency market witnessed an incredible boom when Bitcoin (BTC) broke the $100,000 mark, marking a major turning point in the crypto community.
However, while Bitcoin grabbed the spotlight with its meteoric growth, many altcoin networks hit records in terms of daily active addresses.
Surprisingly, Ethereum did not make the top 10, but instead, many layer 2 protocols took the top spots.

Top 10 Most Active Blockchains 2024

1.Near ($NEAR ) – 2.7M Active Addresses/Day
2.Solana ($SOL) – 2.6M
3.Tron ($TRX) – 1.9M
4.BNB Chain ($BNB) – 1M
5.Polygon ($POL ) – 855K
6.Base – 655K
7.Sui ($SUI) – 519K
8.Bitcoin ($BTC) – 496K
9.The Open Network ($TON) – 414K
10.Arbitrum ($ARB ) – 413K

Layer 2 Rises, Bitcoin Surprises

The success of layer 2 protocols is explained by their faster speeds and lower fees compared to layer 1 protocols like Ethereum.
Meanwhile, despite not possessing many DeFi features, Bitcoin still maintains the 8th position, showing significant influence from the user community.

Shifting Trends In The Market

This ranking reflects an increasingly clear trend in the cryptocurrency market: users are moving from traditional platforms like Ethereum to new solutions with higher performance.


#Mr_Pips #crypto
InvestAnswers: Here Are Six Catalysts That Could Trigger Altcoin SeasonForecast: 6 Key Factors That Will Drive Altcoin Market Explosion in 2025. A popular crypto analyst has listed six key factors that could trigger a major altcoin price surge in 2025. In a recent YouTube video, the host of InvestAnswers breaks down the six key factors. 1. Bitcoin Surges($BTC ) According to the analyst, a major Bitcoin rally will be the first factor that leads to an “altcoin season”. When Bitcoin reaches $150,000, investors often take profits and move to altcoins. However, he also emphasized that this cycle is different, with companies like iBit and MicroStrategy buying nearly 1 million Bitcoins in 11 months. 2. New Technology From Solana($SOL ) New technology and products will be the next driver. Fire Dancer, a fast-paced technology project from Solana, is seen as a breakthrough. Along with that, a Solana ETF could become a blockbuster, especially when two-thirds of the trading of 40,000 cryptocurrencies takes place on the platform. 3. Policy and Wide Acceptance The analyst emphasizes the importance of increasing adoption. Once the number of daily active users reaches 100 million, the crypto market could quickly surpass the $10 trillion mark. However, this requires clear regulations and major partnerships. The analyst predicts that the summer of 2025 could be a time of excitement for the altcoin market. “Get ready for some explosive opportunities.” {spot}(BTCUSDT) {spot}(SOLUSDT) #Mr_Pips #BTC #solana #crypto

InvestAnswers: Here Are Six Catalysts That Could Trigger Altcoin Season

Forecast: 6 Key Factors That Will Drive Altcoin Market Explosion in 2025.
A popular crypto analyst has listed six key factors that could trigger a major altcoin price surge in 2025.
In a recent YouTube video, the host of InvestAnswers breaks down the six key factors.
1. Bitcoin Surges($BTC )
According to the analyst, a major Bitcoin rally will be the first factor that leads to an “altcoin season”.
When Bitcoin reaches $150,000, investors often take profits and move to altcoins.
However, he also emphasized that this cycle is different, with companies like iBit and MicroStrategy buying nearly 1 million Bitcoins in 11 months.
2. New Technology From Solana($SOL )
New technology and products will be the next driver. Fire Dancer, a fast-paced technology project from Solana, is seen as a breakthrough.
Along with that, a Solana ETF could become a blockbuster, especially when two-thirds of the trading of 40,000 cryptocurrencies takes place on the platform.
3. Policy and Wide Acceptance
The analyst emphasizes the importance of increasing adoption. Once the number of daily active users reaches 100 million, the crypto market could quickly surpass the $10 trillion mark.
However, this requires clear regulations and major partnerships.
The analyst predicts that the summer of 2025 could be a time of excitement for the altcoin market. “Get ready for some explosive opportunities.”


#Mr_Pips #BTC #solana #crypto
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Ανατιμητική
So BTC ended 2024 with a bang, exceeding expectations. . 1 year: +119.04% . Q4: +47.73% . December: -2.85% Not only Bitcoin, but also some altcoins have had impressive growth over the past year: . $SUI : +493% . $FLOKI : +420% . $Hyperliquid: +357% . $DOGE : +255% . XRP: +241% . TRX: +137% . BNB: +127% The US stock market 🇺🇸 also had a brilliant year: . NASDAQ: +28.64% . S&P 500: +23.31% . DOW: +12.88% {spot}(XRPUSDT) {spot}(TRXUSDT) {spot}(BNBUSDT) #Mr_Pips
So BTC ended 2024 with a bang, exceeding expectations.
. 1 year: +119.04%
. Q4: +47.73%
. December: -2.85%
Not only Bitcoin, but also some altcoins have had impressive growth over the past year:
. $SUI : +493%
. $FLOKI : +420%
. $Hyperliquid: +357%
. $DOGE : +255%
. XRP: +241%
. TRX: +137%
. BNB: +127%
The US stock market 🇺🇸 also had a brilliant year:
. NASDAQ: +28.64%
. S&P 500: +23.31%
. DOW: +12.88%




#Mr_Pips
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Υποτιμητική
FED Lowers Interest Rates As Expected – A Positive Signal For Crypto Market The US Federal Reserve (FED) has officially lowered interest rates by another 0.25%, bringing the actual interest rate from 4.75% to 4.5%, completely in line with the market's previous forecast. This is a positive signal for the cryptocurrency market, as expectations for loose monetary policy continue to be reinforced. Currently, Bitcoin (BTC) price is still fluctuating strongly, continuing to "sweep" Long and Short in the context of unstable liquidity. However, with this information, market sentiment may be more positive, supporting $BTC and major coins such as $ETH and $XRP to develop. More importantly, in just 30 minutes, the FOMC press conference will take place – where investors expect clearer signals on the direction of monetary policy. If the FED maintains a cautious stance or leans towards deeper rate cuts, this could be a big “boost” for the crypto market in the near future. Stay tuned! #Mr_Pips {spot}(XRPUSDT) {spot}(ETHUSDT) {spot}(BTCUSDT)
FED Lowers Interest Rates As Expected – A Positive Signal For Crypto Market
The US Federal Reserve (FED) has officially lowered interest rates by another 0.25%, bringing the actual interest rate from 4.75% to 4.5%, completely in line with the market's previous forecast. This is a positive signal for the cryptocurrency market, as expectations for loose monetary policy continue to be reinforced.
Currently, Bitcoin (BTC) price is still fluctuating strongly, continuing to "sweep" Long and Short in the context of unstable liquidity. However, with this information, market sentiment may be more positive, supporting $BTC and major coins such as $ETH and $XRP to develop.
More importantly, in just 30 minutes, the FOMC press conference will take place – where investors expect clearer signals on the direction of monetary policy. If the FED maintains a cautious stance or leans towards deeper rate cuts, this could be a big “boost” for the crypto market in the near future.
Stay tuned!
#Mr_Pips


In the last 24 hours, 101,029 were liquidated, totaling $259.15 million. The top liquidated tokens include: $ETH , $BTC , $DOGE , ... Binance leads with $122.02 million, followed by OKX and Bybit with $66.83 million and $50.66 million respectively. Of which, the largest liquidation order occurred on Binance - BTCUSDT value $4.76M #Mr_Pips #
In the last 24 hours, 101,029 were liquidated, totaling $259.15 million. The top liquidated tokens include: $ETH , $BTC , $DOGE , ...

Binance leads with $122.02 million, followed by OKX and Bybit with $66.83 million and $50.66 million respectively. Of which, the largest liquidation order occurred on Binance - BTCUSDT value $4.76M
#Mr_Pips #
Bitcoin Price Poised for a New All-Time High? This Golden Cross Indicates PotentialBitcoin price and bull run appear to be back on track after posting its best weekly gain in the past month. Despite starting the week on a quiet note, hovering around $63,000, the leading cryptocurrency gained fresh momentum mid-week, pushing its value to nearly $69,000 on Friday. The latest on-chain observations have revealed that Bitcoin network activity has increased over the past few weeks. While this development may have contributed to the recent rally, the question is — how far can it push the value of the leading cryptocurrency? Golden Cross Could Push Bitcoin Price Past $73,737 In a recent Quicktake post on the CrypoQuant platform, an analyst with the pseudonym Yonsei_dent revealed that Bitcoin price might be forming an upward structure. This bullish prognosis is based on the growth rate of active addresses, which represents the number of unique addresses showing significant activity on the Bitcoin network. An increase in the number of these active addresses offers insight into the network activity, investor behavior or sentiment, and general market trends. Hence, observing the growth momentum of these unique addresses using moving averages (MAs) of various timelines can be quite useful in assessing current price trends. In their latest analysis, the CryptoQuant analyst utilized a 30-day moving average (30DMA) and a 365-day moving average (365DMA) to capture the growth momentum of the Bitcoin active addresses. As shown in the chart below, the 30-day moving average has witnessed a sharp spike over the past month and appears to be approaching the 365DMA. According to Yonsei_dent, the Bitcoin price could experience a positive shift in bullish momentum if the 30DMA eventually reaches the 365DMA and crosses it to the upside (making a golden cross.) In crypto terms, a golden cross refers to a bullish chart that is characterized by a relatively short-term moving average crossing above a long-term moving average. Typically, a golden cross indicates the potential of a long-term bull market starting or resuming. Ultimately, this indicates that the price of Bitcoin could be readying for a charge towards its all-time high of $73,737.  Bitcoin Is Establishing An Upward Structure’ — Here’s How As of this writing, the Bitcoin price is about 7% adrift of its record-high level. According to data from CoinGecko, the premier cryptocurrency is valued at $68,540, reflecting an over 2% increase in the past day. According to Yonsei_dent, the price of Bitcoin has been forming progressively increasing highs and lows since July, suggesting an “upward market structure.” However, It is worth noting that these highs and lows appear to be printing a “rising wedge” pattern, which could be bearish for the Bitcoin price. {spot}(BTCUSDT) #Mr_Pips #BTC

Bitcoin Price Poised for a New All-Time High? This Golden Cross Indicates Potential

Bitcoin price and bull run appear to be back on track after posting its best weekly gain in the past month. Despite starting the week on a quiet note, hovering around $63,000, the leading cryptocurrency gained fresh momentum mid-week, pushing its value to nearly $69,000 on Friday.
The latest on-chain observations have revealed that Bitcoin network activity has increased over the past few weeks. While this development may have contributed to the recent rally, the question is — how far can it push the value of the leading cryptocurrency?
Golden Cross Could Push Bitcoin Price Past $73,737
In a recent Quicktake post on the CrypoQuant platform, an analyst with the pseudonym Yonsei_dent revealed that Bitcoin price might be forming an upward structure. This bullish prognosis is based on the growth rate of active addresses, which represents the number of unique addresses showing significant activity on the Bitcoin network.
An increase in the number of these active addresses offers insight into the network activity, investor behavior or sentiment, and general market trends. Hence, observing the growth momentum of these unique addresses using moving averages (MAs) of various timelines can be quite useful in assessing current price trends.
In their latest analysis, the CryptoQuant analyst utilized a 30-day moving average (30DMA) and a 365-day moving average (365DMA) to capture the growth momentum of the Bitcoin active addresses. As shown in the chart below, the 30-day moving average has witnessed a sharp spike over the past month and appears to be approaching the 365DMA.

According to Yonsei_dent, the Bitcoin price could experience a positive shift in bullish momentum if the 30DMA eventually reaches the 365DMA and crosses it to the upside (making a golden cross.) In crypto terms, a golden cross refers to a bullish chart that is characterized by a relatively short-term moving average crossing above a long-term moving average.
Typically, a golden cross indicates the potential of a long-term bull market starting or resuming. Ultimately, this indicates that the price of Bitcoin could be readying for a charge towards its all-time high of $73,737. 
Bitcoin Is Establishing An Upward Structure’ — Here’s How
As of this writing, the Bitcoin price is about 7% adrift of its record-high level. According to data from CoinGecko, the premier cryptocurrency is valued at $68,540, reflecting an over 2% increase in the past day.
According to Yonsei_dent, the price of Bitcoin has been forming progressively increasing highs and lows since July, suggesting an “upward market structure.”
However, It is worth noting that these highs and lows appear to be printing a “rising wedge” pattern, which could be bearish for the Bitcoin price.

#Mr_Pips #BTC
Is The Tide Turning For Bitcoin? Recent Reserves And Netflows Indicate Market ReversalAnalysts from market research firm CryptoQuant note that current patterns in Bitcoin ($BTC ) metrics suggest possible changes in market dynamics. Bitcoin Price Faces Short-Term Volatility  After a period of steady decline, spot exchange reserves have experienced a notable uptick, reflecting an inflow of 20,000 $BTC . This increase suggests that more Bitcoin is being deposited into exchanges, which often indicates an intention to trade or sell. This type of behavior may add further selling pressure to the Bitcoin price, which has declined almost 7% over the last two weeks, signaling a potential early sign of short-term volatility. Simultaneously, netflows across all exchanges have turned positive, with a net increase of 15,800 $BTC. This reversal from the predominantly negative trend seen in recent weeks implies that inflows to exchanges are now exceeding outflows. When combined with rising reserves, this shift strengthens the likelihood of increased trading activity or profit-taking by investors, according to CryptoQuant’s analysis. While the broader trend in the market has favored accumulation and self-custody, these recent changes may reflect a growing caution among investors, who might be preparing for profit-taking or bracing for a potential price correction. Furthermore, a report by Bloomberg highlights a key metric gauging investor interest in Bitcoin from South Korea, which has risen to a four-month high amid ongoing political turmoil in the East Asian country.  Trading Volumes Surge As Political Crisis Unfolds Known as the “Kimchi Premium,” this metric measures the price gap between Bitcoin on South Korean exchange Upbit and Coinbase. Recently, this premium surged to the range of 3-5%, indicating heightened demand from South Korean investors. Per the report, the political landscape in South Korea has been tumultuous, particularly following President Yoon Suk Yeol's brief and controversial declaration of martial law earlier this month, which lasted only six hours before being rescinded. Next, the National Assembly impeached Yoon on December 14, suspending his powers and elevating Prime Minister Han Duck-soo to the role of acting president. In a further development, the parliament voted to impeach Han as well, marking a historic first for an acting president in South Korea. These political upheavals have rattled financial markets, coinciding with growing economic challenges and increasing nuclear threats from North Korea. The South Korean won has also seen a decline of 0.35% against the US dollar. According to Bloomberg, South Korea remains one of the most active retail markets for cryptocurrencies, with trading volumes on Korea-based exchanges often surpassing those on traditional stock exchanges. Ki Young Ju, founder and CEO of CryptoQuant, pointed out that corporate accounts are not permitted on Korean crypto exchanges, meaning that the vast majority of crypto activity in the country is driven by retail investors. The Kimchi Premium has become a well-known metric for measuring retail interest in cryptocurrency, and factors such as strict currency controls and anti-money laundering (AML) regulations have contributed to this phenomenon. At the time of writing, BTC is priced at $93,938, experiencing a 2.5% decrease over the last 24 hours, with its closest support level at $92,000 serving to halt additional declines for the top cryptocurrency in the market.$BTC {spot}(BTCUSDT) #Mr_Pips #BTC

Is The Tide Turning For Bitcoin? Recent Reserves And Netflows Indicate Market Reversal

Analysts from market research firm CryptoQuant note that current patterns in Bitcoin ($BTC ) metrics suggest possible changes in market dynamics.
Bitcoin Price Faces Short-Term Volatility 
After a period of steady decline, spot exchange reserves have experienced a notable uptick, reflecting an inflow of 20,000 $BTC . This increase suggests that more Bitcoin is being deposited into exchanges, which often indicates an intention to trade or sell.
This type of behavior may add further selling pressure to the Bitcoin price, which has declined almost 7% over the last two weeks, signaling a potential early sign of short-term volatility.

Simultaneously, netflows across all exchanges have turned positive, with a net increase of 15,800 $BTC . This reversal from the predominantly negative trend seen in recent weeks implies that inflows to exchanges are now exceeding outflows.
When combined with rising reserves, this shift strengthens the likelihood of increased trading activity or profit-taking by investors, according to CryptoQuant’s analysis.
While the broader trend in the market has favored accumulation and self-custody, these recent changes may reflect a growing caution among investors, who might be preparing for profit-taking or bracing for a potential price correction.

Furthermore, a report by Bloomberg highlights a key metric gauging investor interest in Bitcoin from South Korea, which has risen to a four-month high amid ongoing political turmoil in the East Asian country. 
Trading Volumes Surge As Political Crisis Unfolds
Known as the “Kimchi Premium,” this metric measures the price gap between Bitcoin on South Korean exchange Upbit and Coinbase. Recently, this premium surged to the range of 3-5%, indicating heightened demand from South Korean investors.
Per the report, the political landscape in South Korea has been tumultuous, particularly following President Yoon Suk Yeol's brief and controversial declaration of martial law earlier this month, which lasted only six hours before being rescinded.
Next, the National Assembly impeached Yoon on December 14, suspending his powers and elevating Prime Minister Han Duck-soo to the role of acting president. In a further development, the parliament voted to impeach Han as well, marking a historic first for an acting president in South Korea.
These political upheavals have rattled financial markets, coinciding with growing economic challenges and increasing nuclear threats from North Korea. The South Korean won has also seen a decline of 0.35% against the US dollar.
According to Bloomberg, South Korea remains one of the most active retail markets for cryptocurrencies, with trading volumes on Korea-based exchanges often surpassing those on traditional stock exchanges.
Ki Young Ju, founder and CEO of CryptoQuant, pointed out that corporate accounts are not permitted on Korean crypto exchanges, meaning that the vast majority of crypto activity in the country is driven by retail investors.
The Kimchi Premium has become a well-known metric for measuring retail interest in cryptocurrency, and factors such as strict currency controls and anti-money laundering (AML) regulations have contributed to this phenomenon.

At the time of writing, BTC is priced at $93,938, experiencing a 2.5% decrease over the last 24 hours, with its closest support level at $92,000 serving to halt additional declines for the top cryptocurrency in the market.$BTC
#Mr_Pips #BTC
Chainlink Is Forming A Head-And-Shoulders Pattern – Confirmation Could Take LINK To $14Chainlink ($LINK ) has recently shown resilience after a 35% retrace from its yearly highs, surging over 30% to test liquidity around the $23 mark. Despite this recovery, bearish sentiment continues to weigh heavily on altcoins, and Chainlink is no exception. The cryptocurrency has struggled to reclaim its local highs, raising questions about whether the recent rally has enough momentum to sustain further gains. Top analyst Ali Martinez provided a detailed technical analysis on X, highlighting a critical pattern that could dictate LINK’s next move. According to Martinez, Chainlink is forming a head-and-shoulders pattern—a structure often associated with bearish reversals. If this pattern is confirmed, $LINK could face a significant decline, potentially dropping as low as $14 in the coming weeks. This technical setup puts Chainlink at a crucial juncture, where holding above current levels is vital to avoid deeper corrections. Investors and traders closely monitor the price action, with $23 as a key resistance level. Whether $LINK can overcome the bearish sentiment or succumb to further downside will likely depend on broader market conditions and its ability to invalidate the bearish pattern. For now, Chainlink’s outlook remains uncertain, keeping market participants on edge. Chainlink Price Action Showing Weakness Chainlink ($LINK ) continues to struggle in a bearish altcoin market, failing to recover its yearly highs. Despite minor rebounds, LINK faces significant resistance at $26, a key level for reigniting bullish momentum. Without reclaiming this level, the bearish sentiment may persist. Top analyst Ali Martinez recently pointed out a potential head-and-shoulders pattern forming on LINK’s charts. If confirmed, this bearish setup could push LINK as low as $14, signaling a sharp decline from current levels. This scenario underscores the challenges LINK faces in reversing its downtrend and reclaiming its former highs. However, not all hope is lost. Martinez notes that holding above the $22 mark could provide a strong foothold for Chainlink to stabilize and potentially reverse the bearish trend. A decisive push above $27 would further strengthen bullish momentum, signaling a potential return to a more optimistic outlook. For now, the market remains riddled with indecision. Broader market conditions, including Bitcoin’s performance, will likely influence LINK’s direction. If LINK can successfully navigate these key levels, it may overcome the bearish narrative and position itself for a more sustained rally. Until then, caution remains warranted for traders and investors alike. LINK Testing Liquidity Chainlink ($LINK ) is currently trading at $23 after successfully testing demand at the $22 level. Despite holding this crucial support, the price action lacks a definitive direction, leaving traders and investors in a state of uncertainty. Bears appear to maintain control for now, with the recent retrace from yearly highs weighing heavily on sentiment. However, the $22 mark has proven to be a resilient support, suggesting that demand could surge at any moment to reclaim the uptrend. For $LINK to break free from this indecisive phase, it must overcome the critical resistance at $26. A push above this level would invalidate the current bearish outlook and likely ignite a massive rally, with potential to revisit and surpass previous highs. Such a move would restore confidence among traders and could attract new buyers to fuel further momentum. On the downside, failing to hold above $22 would expose $LINK to increased selling pressure, which could test lower support levels and prolong the bearish trend. For now, the market remains at a tipping point, with both bulls and bears waiting for the next decisive move. The coming days will be critical for $LINK as it seeks to find direction amid broader market uncertainty. {spot}(LINKUSDT) #Mr_Pips #LINK #Chainlink

Chainlink Is Forming A Head-And-Shoulders Pattern – Confirmation Could Take LINK To $14

Chainlink ($LINK ) has recently shown resilience after a 35% retrace from its yearly highs, surging over 30% to test liquidity around the $23 mark. Despite this recovery, bearish sentiment continues to weigh heavily on altcoins, and Chainlink is no exception. The cryptocurrency has struggled to reclaim its local highs, raising questions about whether the recent rally has enough momentum to sustain further gains.
Top analyst Ali Martinez provided a detailed technical analysis on X, highlighting a critical pattern that could dictate LINK’s next move. According to Martinez, Chainlink is forming a head-and-shoulders pattern—a structure often associated with bearish reversals. If this pattern is confirmed, $LINK could face a significant decline, potentially dropping as low as $14 in the coming weeks.
This technical setup puts Chainlink at a crucial juncture, where holding above current levels is vital to avoid deeper corrections. Investors and traders closely monitor the price action, with $23 as a key resistance level. Whether $LINK can overcome the bearish sentiment or succumb to further downside will likely depend on broader market conditions and its ability to invalidate the bearish pattern. For now, Chainlink’s outlook remains uncertain, keeping market participants on edge.
Chainlink Price Action Showing Weakness
Chainlink ($LINK ) continues to struggle in a bearish altcoin market, failing to recover its yearly highs. Despite minor rebounds, LINK faces significant resistance at $26, a key level for reigniting bullish momentum. Without reclaiming this level, the bearish sentiment may persist.
Top analyst Ali Martinez recently pointed out a potential head-and-shoulders pattern forming on LINK’s charts. If confirmed, this bearish setup could push LINK as low as $14, signaling a sharp decline from current levels. This scenario underscores the challenges LINK faces in reversing its downtrend and reclaiming its former highs.

However, not all hope is lost. Martinez notes that holding above the $22 mark could provide a strong foothold for Chainlink to stabilize and potentially reverse the bearish trend. A decisive push above $27 would further strengthen bullish momentum, signaling a potential return to a more optimistic outlook.
For now, the market remains riddled with indecision. Broader market conditions, including Bitcoin’s performance, will likely influence LINK’s direction. If LINK can successfully navigate these key levels, it may overcome the bearish narrative and position itself for a more sustained rally. Until then, caution remains warranted for traders and investors alike.
LINK Testing Liquidity
Chainlink ($LINK ) is currently trading at $23 after successfully testing demand at the $22 level. Despite holding this crucial support, the price action lacks a definitive direction, leaving traders and investors in a state of uncertainty. Bears appear to maintain control for now, with the recent retrace from yearly highs weighing heavily on sentiment. However, the $22 mark has proven to be a resilient support, suggesting that demand could surge at any moment to reclaim the uptrend.

For $LINK to break free from this indecisive phase, it must overcome the critical resistance at $26. A push above this level would invalidate the current bearish outlook and likely ignite a massive rally, with potential to revisit and surpass previous highs. Such a move would restore confidence among traders and could attract new buyers to fuel further momentum.
On the downside, failing to hold above $22 would expose $LINK to increased selling pressure, which could test lower support levels and prolong the bearish trend. For now, the market remains at a tipping point, with both bulls and bears waiting for the next decisive move. The coming days will be critical for $LINK as it seeks to find direction amid broader market uncertainty.
#Mr_Pips #LINK #Chainlink
In-Depth Analysis of Solana (SOL): Investment Opportunity or Hidden Risk?{spot}(SOLUSDT) Solana ($SOL ) has emerged as a standout in the crypto market, known for its powerful blockchain platform and high transaction throughput. With its current price at $193.46, SOL is experiencing a slight daily dip of -0.94%, reflecting a short-term correction after a strong rally. Below is a detailed analysis of SOL's price movement and investment potential. Price Volatility Overview 24-hour price range: Highest price: $197.71Lowest price: $188.57 With a fluctuation range of just $9, SOL demonstrates relative stability compared to many other altcoins, especially in a market facing correction pressures. 24-Hour Trading Volume SOL: 1,655,143.85Equivalent in USDT: $319,464,424.77 The substantial trading volume indicates strong investor interest, which is a positive signal, particularly as SOL maintains high liquidity in the market. Advantages of Investing in Solana (SOL) 1. Superior Technology Platform Solana is renowned for its high transaction speed (65,000 TPS) and low fees, making it an ideal choice for DeFi and NFT applications. 2. Expanding Ecosystem With hundreds of projects in DeFi, NFT, and GameFi, Solana’s ecosystem continues to attract developers and investors alike. 3. Market Credibility As one of the top cryptocurrencies, $SOL benefits from support by major investment funds and a strong community, adding to its stability and trustworthiness. Risks to Consider 1. Intense Competition Solana faces strong competition from Ethereum, Binance Smart Chain, and other Layer-1 platforms. 2. Technical Challenges Past network outages have raised concerns about Solana's reliability. Investors should monitor ongoing improvements and optimizations to its network. 3. Market Corrections The -0.94% dip over the past 24 hours highlights SOL's sensitivity to short-term market fluctuations, a crucial factor for short-term traders to consider. Investment Recommendations Consider Investing If: You believe in the long-term potential of blockchain technology and Solana’s ecosystem.You are a medium- or long-term investor looking to hold a top-tier crypto asset.You have a diversified portfolio and are prepared to wait for medium-term returns. Avoid Investing If: You are seeking quick profits in a volatile market.You lack a clear risk management strategy, especially as SOL has already seen significant price growth in 2024.You expect immediate returns without thoroughly analyzing market trends. Suggested Strategies For Current SOL Holders: Consider taking partial profits if your target return has been reached.Set stop-loss orders to safeguard your capital in case of adverse market trends. For New Investors: Monitor the $188 support level closely. If the price holds, it could be an opportunity to buy.Avoid rushing into the market if SOL experiences further declines. Wait for signs of stability before making a move. Conclusion $SOL remains one of the most noteworthy cryptocurrencies in the market due to its robust technology and thriving ecosystem. However, to maximize returns, investors must carefully monitor market movements and implement a clear strategy. At its current price, SOL is better suited for medium- and long-term investors rather than short-term traders seeking rapid gains. Final Advice: Invest wisely, manage risks diligently, and never wager more than you can afford to lose. Best of luck! #Mr_Pips #SOL #crypto

In-Depth Analysis of Solana (SOL): Investment Opportunity or Hidden Risk?

Solana ($SOL ) has emerged as a standout in the crypto market, known for its powerful blockchain platform and high transaction throughput. With its current price at $193.46, SOL is experiencing a slight daily dip of -0.94%, reflecting a short-term correction after a strong rally. Below is a detailed analysis of SOL's price movement and investment potential.
Price Volatility Overview
24-hour price range:
Highest price: $197.71Lowest price: $188.57
With a fluctuation range of just $9, SOL demonstrates relative stability compared to many other altcoins, especially in a market facing correction pressures.
24-Hour Trading Volume
SOL: 1,655,143.85Equivalent in USDT: $319,464,424.77
The substantial trading volume indicates strong investor interest, which is a positive signal, particularly as SOL maintains high liquidity in the market.
Advantages of Investing in Solana (SOL)
1. Superior Technology Platform
Solana is renowned for its high transaction speed (65,000 TPS) and low fees, making it an ideal choice for DeFi and NFT applications.
2. Expanding Ecosystem
With hundreds of projects in DeFi, NFT, and GameFi, Solana’s ecosystem continues to attract developers and investors alike.
3. Market Credibility
As one of the top cryptocurrencies, $SOL benefits from support by major investment funds and a strong community, adding to its stability and trustworthiness.
Risks to Consider
1. Intense Competition
Solana faces strong competition from Ethereum, Binance Smart Chain, and other Layer-1 platforms.
2. Technical Challenges
Past network outages have raised concerns about Solana's reliability. Investors should monitor ongoing improvements and optimizations to its network.
3. Market Corrections
The -0.94% dip over the past 24 hours highlights SOL's sensitivity to short-term market fluctuations, a crucial factor for short-term traders to consider.
Investment Recommendations
Consider Investing If:
You believe in the long-term potential of blockchain technology and Solana’s ecosystem.You are a medium- or long-term investor looking to hold a top-tier crypto asset.You have a diversified portfolio and are prepared to wait for medium-term returns.
Avoid Investing If:
You are seeking quick profits in a volatile market.You lack a clear risk management strategy, especially as SOL has already seen significant price growth in 2024.You expect immediate returns without thoroughly analyzing market trends.
Suggested Strategies
For Current SOL Holders:
Consider taking partial profits if your target return has been reached.Set stop-loss orders to safeguard your capital in case of adverse market trends.
For New Investors:
Monitor the $188 support level closely. If the price holds, it could be an opportunity to buy.Avoid rushing into the market if SOL experiences further declines. Wait for signs of stability before making a move.
Conclusion
$SOL remains one of the most noteworthy cryptocurrencies in the market due to its robust technology and thriving ecosystem. However, to maximize returns, investors must carefully monitor market movements and implement a clear strategy. At its current price, SOL is better suited for medium- and long-term investors rather than short-term traders seeking rapid gains.
Final Advice: Invest wisely, manage risks diligently, and never wager more than you can afford to lose. Best of luck!
#Mr_Pips #SOL #crypto
Don’t Let Emotions Influence Your Investment Decisions. When the U.S. Federal Reserve (Fed) cuts interest rates, the ripple effect of global financial volatility quickly impacts markets, from stocks to cryptocurrencies. $BTC , with its inherently high volatility, is no exception. In recent days, the cryptocurrency has seen "red candles" on the charts, leaving many investors anxious. However, this is the time to stay rational and act wisely. The Fed's rate cuts often lead to a flow of capital into riskier assets. Bitcoin($BTC )—dubbed "digital gold"—can become an attractive destination. However, its extreme volatility means that opportunities always come with risks. The market is influenced not only by economic factors but also by investor sentiment, especially during festive seasons like Christmas, when emotions and expectations can run high. So, should you buy or sell now? Advice: Be cautious. If you're a long-term investor, this might be a good opportunity to accumulate Bitcoin at lower prices. But if you're chasing short-term gains, remember that the crypto market is never predictable. Effective risk management is key. In the world of cryptocurrencies, emotions can be your biggest enemy. Let reason guide your decisions, and always remember that successful investing requires thorough preparation and a clear strategy. This holiday season, take control of your choices and turn every opportunity into a rewarding gift. #Mr_Pips
Don’t Let Emotions Influence Your Investment Decisions.
When the U.S. Federal Reserve (Fed) cuts interest rates, the ripple effect of global financial volatility quickly impacts markets, from stocks to cryptocurrencies. $BTC , with its inherently high volatility, is no exception. In recent days, the cryptocurrency has seen "red candles" on the charts, leaving many investors anxious. However, this is the time to stay rational and act wisely.
The Fed's rate cuts often lead to a flow of capital into riskier assets. Bitcoin($BTC )—dubbed "digital gold"—can become an attractive destination. However, its extreme volatility means that opportunities always come with risks. The market is influenced not only by economic factors but also by investor sentiment, especially during festive seasons like Christmas, when emotions and expectations can run high.
So, should you buy or sell now?
Advice: Be cautious. If you're a long-term investor, this might be a good opportunity to accumulate Bitcoin at lower prices. But if you're chasing short-term gains, remember that the crypto market is never predictable. Effective risk management is key.
In the world of cryptocurrencies, emotions can be your biggest enemy. Let reason guide your decisions, and always remember that successful investing requires thorough preparation and a clear strategy. This holiday season, take control of your choices and turn every opportunity into a rewarding gift.
#Mr_Pips
$USUAL {spot}(USUALUSDT) $300 million in crypto leveraged positions liquidated in the past hour, most of them long. #Mr_Pips
$USUAL

$300 million in crypto leveraged positions liquidated in the past hour, most of them long.
#Mr_Pips
Shiba Inu Partners with Chainlink: A Breakthrough to Expand the Blockchain Ecosystem$SHIB On December 19, 2023, Shiba Inu made a significant move in the cryptocurrency industry by announcing a strategic partnership with Chainlink, the leading provider of decentralized oracle networks. Through this collaboration, Chainlink's Cross-Chain Interoperability Protocol (CCIP) will be integrated into Shibarium—Shiba Inu’s Ethereum Layer 2 chain—ushering in a new era of cross-chain interoperability and utility for $SHIB , BONE, and LEASH tokens. Enhancing Cross-Chain Interoperability The integration of CCIP brings cross-chain functionality, enabling Shiba Inu to operate across 12 major blockchains, including Arbitrum, Avalanche, Polygon, and Optimism. This advancement not only broadens SHIB's accessibility but also enhances the real-world use cases of the tokens within Shiba Inu's ecosystem. This increased interoperability is critical in attracting investors and other projects to the Shibarium ecosystem. With seamless access across multiple blockchain platforms, $SHIB has the potential to become a key player in DeFi and NFT applications. Market Impact on SHIB While the partnership announcement has energized the community, SHIB's price dropped by 8.5% in the past 24 hours, currently trading at $0.00002231. To achieve the dream milestone of $0.01, the token would need a nearly 50,000% increase—a daunting challenge in today’s volatile market. Nevertheless, the Shiba Inu community remains optimistic. The combination of token-burning mechanisms and cross-chain capabilities is expected to significantly boost the token’s value in the future. Investors are now eagerly awaiting further announcements from the Shiba Inu development team. Opportunities and Challenges This partnership highlights Shiba Inu's long-term vision and its commitment to innovation and staying ahead of technological trends. However, translating technical advancements into strong price momentum remains a challenging task. With an increasingly robust ecosystem and expanding applications, Shiba Inu is positioning itself as a formidable contender in the cryptocurrency market. The question remains: will the collaboration with Chainlink be enough to push SHIB closer to its ambitious goals? Only time will tell. Conclusion The partnership between Shiba Inu and Chainlink is a significant step in enhancing SHIB’s utility and influence. While the current price does not immediately reflect this development, the long-term potential of cross-chain interoperability could be a game-changer for the project. Investors should closely monitor upcoming updates to capitalize on future opportunities. {spot}(SHIBUSDT) {spot}(LINKUSDT) #Mr_Pips

Shiba Inu Partners with Chainlink: A Breakthrough to Expand the Blockchain Ecosystem

$SHIB
On December 19, 2023, Shiba Inu made a significant move in the cryptocurrency industry by announcing a strategic partnership with Chainlink, the leading provider of decentralized oracle networks. Through this collaboration, Chainlink's Cross-Chain Interoperability Protocol (CCIP) will be integrated into Shibarium—Shiba Inu’s Ethereum Layer 2 chain—ushering in a new era of cross-chain interoperability and utility for $SHIB , BONE, and LEASH tokens.
Enhancing Cross-Chain Interoperability
The integration of CCIP brings cross-chain functionality, enabling Shiba Inu to operate across 12 major blockchains, including Arbitrum, Avalanche, Polygon, and Optimism. This advancement not only broadens SHIB's accessibility but also enhances the real-world use cases of the tokens within Shiba Inu's ecosystem.
This increased interoperability is critical in attracting investors and other projects to the Shibarium ecosystem. With seamless access across multiple blockchain platforms, $SHIB has the potential to become a key player in DeFi and NFT applications.
Market Impact on SHIB
While the partnership announcement has energized the community, SHIB's price dropped by 8.5% in the past 24 hours, currently trading at $0.00002231. To achieve the dream milestone of $0.01, the token would need a nearly 50,000% increase—a daunting challenge in today’s volatile market.
Nevertheless, the Shiba Inu community remains optimistic. The combination of token-burning mechanisms and cross-chain capabilities is expected to significantly boost the token’s value in the future. Investors are now eagerly awaiting further announcements from the Shiba Inu development team.
Opportunities and Challenges
This partnership highlights Shiba Inu's long-term vision and its commitment to innovation and staying ahead of technological trends. However, translating technical advancements into strong price momentum remains a challenging task.
With an increasingly robust ecosystem and expanding applications, Shiba Inu is positioning itself as a formidable contender in the cryptocurrency market. The question remains: will the collaboration with Chainlink be enough to push SHIB closer to its ambitious goals? Only time will tell.
Conclusion
The partnership between Shiba Inu and Chainlink is a significant step in enhancing SHIB’s utility and influence. While the current price does not immediately reflect this development, the long-term potential of cross-chain interoperability could be a game-changer for the project. Investors should closely monitor upcoming updates to capitalize on future opportunities.

#Mr_Pips
How many years will it take for SHIB to reach $1?How many years will it take for $SHIB to reach $1? {spot}(SHIBUSDT) The $1 mark is a milestone for several networks in the cryptocurrency market. A number of assets have been trying to reach this level for a while now, which remains a dream for many. The Shiba Inu ($SHIB) community has become ambitious and is expecting the meme coin to skyrocket to a high of $1. However, the real question is how long it will take for the asset to reach this price point. Looking at the Current Price of Shiba Inu The Shiba Inu market has taken a backseat this week. The meme coin has fallen 6.14% over the past few days. At the time of writing, $SHIB is trading at $0.00002592 after falling 5% over the past 24 hours. The Shiba Inu market has seen a significant increase over the year. The meme coin has surged 166% during this time. Although SHIB has seen an increase in price, it is still 70% below its all-time high of $0.00008845. Additionally, to reach $1, the meme coin would have to increase 3,857,276.12% from its current price. Will $1 Become a Reality? According to data from Telegaon, one of the meme tokens that could survive until 2050 is Shiba Inu. In 2050, Shiba Inu could have an average price of $0.89. Many cryptocurrencies, including SHIB, are likely to reach their all-time highs this year. If the current performance continues, the highest price of SHIB token in 2050 could be around $1.06. $SHIB could skyrocket and surpass our price prediction if the market is bullish in 2050. In 2050, the lowest price of Shiba Inu Coin could be around $0.62 if the market is bearish. Although it is quite a long wait to get this meme coin, investors have to be patient for almost 25 years. #Mr_Pips

How many years will it take for SHIB to reach $1?

How many years will it take for $SHIB to reach $1?


The $1 mark is a milestone for several networks in the cryptocurrency market. A number of assets have been trying to reach this level for a while now, which remains a dream for many.
The Shiba Inu ($SHIB ) community has become ambitious and is expecting the meme coin to skyrocket to a high of $1. However, the real question is how long it will take for the asset to reach this price point.
Looking at the Current Price of Shiba Inu
The Shiba Inu market has taken a backseat this week. The meme coin has fallen 6.14% over the past few days. At the time of writing, $SHIB is trading at $0.00002592 after falling 5% over the past 24 hours.
The Shiba Inu market has seen a significant increase over the year. The meme coin has surged 166% during this time. Although SHIB has seen an increase in price, it is still 70% below its all-time high of $0.00008845. Additionally, to reach $1, the meme coin would have to increase 3,857,276.12% from its current price.
Will $1 Become a Reality?

According to data from Telegaon, one of the meme tokens that could survive until 2050 is Shiba Inu. In 2050, Shiba Inu could have an average price of $0.89. Many cryptocurrencies, including SHIB, are likely to reach their all-time highs this year.
If the current performance continues, the highest price of SHIB token in 2050 could be around $1.06. $SHIB could skyrocket and surpass our price prediction if the market is bullish in 2050. In 2050, the lowest price of Shiba Inu Coin could be around $0.62 if the market is bearish.
Although it is quite a long wait to get this meme coin, investors have to be patient for almost 25 years.
#Mr_Pips
EU Exchanges Delist USDT in Preparation for MiCAAhead of the EU’s Markets in Crypto Assets (MiCA) regulation, European exchanges are delisting Tether (USDT) en masse, which could severely hamper the ability to capitalize on the crypto bull market in the EU. Donald Trump’s election in the US has benefited Tether along with the broader crypto industry, but market turmoil in the EU could disrupt investment. Tether Prepares for MiCA It has become clear over the past few months that Tether’s USDT, the largest stablecoin, has failed to meet MiCA’s requirements. According to a new report, EU exchanges have until December 30 to delist the asset. However, concerns are growing in the European crypto community, as Tether’s withdrawal could have a major impact on the region: “I understand why this is being done to some extent, but it is quite exclusionary and restrictive for EU clients themselves because [USDT] is the most liquid stablecoin,” said Usman Ahmad, CEO of crypto trading firm Zodia Markets Holdings Ltd. Essentially, Tether is a very useful stablecoin for crypto businesses in the EU and an important source of liquidity. Despite the high level of development and interest in the region, some European financial products are overshadowed by the US-centric market. Overall, crypto investments in the EU have declined in 2024 compared to other regional markets, and MiCA could cause them to decline further. Tether has been preparing for MiCA by scaling back its services in Europe and instead investing heavily in new stablecoins that meet EU compliance requirements. However, some key competitors see this as a crucial opportunity to reduce Tether’s dominance in the market. Meanwhile, there are concerns that potential regulatory chaos in the EU is occurring at a time when other regional crypto markets are booming. The country’s crypto industry has flourished since Donald Trump won the US presidency. Tether’s allies are receiving new appointments under Trump, and the company is making significant gains in the space. European investors will have to hope that the turmoil surrounding MiCA and Tether’s withdrawal does not derail overall investment. Cryptocurrencies are entering a new level of institutional and regional adoption around the world, but Europe may still be missing out. $BTC $ETH $XRP #Mr_Pips

EU Exchanges Delist USDT in Preparation for MiCA

Ahead of the EU’s Markets in Crypto Assets (MiCA) regulation, European exchanges are delisting Tether (USDT) en masse, which could severely hamper the ability to capitalize on the crypto bull market in the EU.
Donald Trump’s election in the US has benefited Tether along with the broader crypto industry, but market turmoil in the EU could disrupt investment.
Tether Prepares for MiCA
It has become clear over the past few months that Tether’s USDT, the largest stablecoin, has failed to meet MiCA’s requirements. According to a new report, EU exchanges have until December 30 to delist the asset. However, concerns are growing in the European crypto community, as Tether’s withdrawal could have a major impact on the region:
“I understand why this is being done to some extent, but it is quite exclusionary and restrictive for EU clients themselves because [USDT] is the most liquid stablecoin,” said Usman Ahmad, CEO of crypto trading firm Zodia Markets Holdings Ltd.
Essentially, Tether is a very useful stablecoin for crypto businesses in the EU and an important source of liquidity. Despite the high level of development and interest in the region, some European financial products are overshadowed by the US-centric market. Overall, crypto investments in the EU have declined in 2024 compared to other regional markets, and MiCA could cause them to decline further.

Tether has been preparing for MiCA by scaling back its services in Europe and instead investing heavily in new stablecoins that meet EU compliance requirements. However, some key competitors see this as a crucial opportunity to reduce Tether’s dominance in the market.
Meanwhile, there are concerns that potential regulatory chaos in the EU is occurring at a time when other regional crypto markets are booming. The country’s crypto industry has flourished since Donald Trump won the US presidency. Tether’s allies are receiving new appointments under Trump, and the company is making significant gains in the space.
European investors will have to hope that the turmoil surrounding MiCA and Tether’s withdrawal does not derail overall investment. Cryptocurrencies are entering a new level of institutional and regional adoption around the world, but Europe may still be missing out.
$BTC $ETH $XRP

#Mr_Pips
Bitcoin Price Could Drop $20,000 Due to Global Money Supply Reduction.Bitcoin ($BTC ) fell 15% in the third week of December, marking its biggest weekly decline since August. Experts attributed the decline to the impact of global macroeconomic factors, warning that Bitcoin could continue to decline if these pressures increase. However, Bitcoin also has intrinsic factors to balance the negative impact from the macro economy. Global liquidity has fallen sharply in the past two months According to The Kobeissi Letter, Bitcoin’s price has historically shown a 10-week lag in correlation with the Global Money Supply (Global M2). Over the past two months, Global M2 has decreased by $4.1 trillion, signaling the possibility that Bitcoin’s price could continue to decline if this trend continues. Global M2 is a key economic indicator that measures the total money supply in the global economy, including cash, demand deposits (M1), time deposits, and other liquid assets. Movements in Global M2 often affect both the stock and cryptocurrency markets. “When the global money supply hit a new record of $108.5 trillion in October, the Bitcoin price hit an all-time high of $108,000. However, over the past two months, the money supply has fallen by $4.1 trillion to $104.4 trillion, the lowest level since August. If this relationship holds, this suggests that the Bitcoin price could fall as low as $20,000 in the coming weeks.” A month ago, Joe Consorti, Head of Growth at Bitcoin custody firm Theya, warned of a 20%-25% correction in Bitcoin based on similar metrics. That prediction appears to be coming true. André Dragosch, Head of Research at Bitwise, echoed the same sentiment. He predicted that Bitcoin would continue to be pressured by tightening liquidity in the United States. However, he highlighted an intrinsic factor in Bitcoin that could counterbalance this liquidity squeeze: Bitcoin’s growing illiquid supply. Higher illiquid supply indicates increased scarcity of Bitcoin, which can support its price according to supply-demand dynamics. “Bitcoin is currently balancing between a) rising macro headwinds due to the US and global liquidity crunch and b) on-chain tailwinds due to the strong BTC supply shortage. Ultimately, the on-chain tailwinds will likely outweigh the negative macro headwinds but this could create some volatility in early 2025 (and possibly some attractive buying opportunities).” At the time of writing, Bitcoin is trading around $94,000, with data from BeInCrypto showing it has dropped nearly 6% over the weekend. {spot}(BTCUSDT) #Mr_Pips #ChristmasMarketAnalysis #BTC

Bitcoin Price Could Drop $20,000 Due to Global Money Supply Reduction.

Bitcoin ($BTC ) fell 15% in the third week of December, marking its biggest weekly decline since August. Experts attributed the decline to the impact of global macroeconomic factors, warning that Bitcoin could continue to decline if these pressures increase.
However, Bitcoin also has intrinsic factors to balance the negative impact from the macro economy.
Global liquidity has fallen sharply in the past two months
According to The Kobeissi Letter, Bitcoin’s price has historically shown a 10-week lag in correlation with the Global Money Supply (Global M2). Over the past two months, Global M2 has decreased by $4.1 trillion, signaling the possibility that Bitcoin’s price could continue to decline if this trend continues.
Global M2 is a key economic indicator that measures the total money supply in the global economy, including cash, demand deposits (M1), time deposits, and other liquid assets. Movements in Global M2 often affect both the stock and cryptocurrency markets.
“When the global money supply hit a new record of $108.5 trillion in October, the Bitcoin price hit an all-time high of $108,000. However, over the past two months, the money supply has fallen by $4.1 trillion to $104.4 trillion, the lowest level since August. If this relationship holds, this suggests that the Bitcoin price could fall as low as $20,000 in the coming weeks.”

A month ago, Joe Consorti, Head of Growth at Bitcoin custody firm Theya, warned of a 20%-25% correction in Bitcoin based on similar metrics. That prediction appears to be coming true.
André Dragosch, Head of Research at Bitwise, echoed the same sentiment. He predicted that Bitcoin would continue to be pressured by tightening liquidity in the United States. However, he highlighted an intrinsic factor in Bitcoin that could counterbalance this liquidity squeeze: Bitcoin’s growing illiquid supply.

Higher illiquid supply indicates increased scarcity of Bitcoin, which can support its price according to supply-demand dynamics.
“Bitcoin is currently balancing between a) rising macro headwinds due to the US and global liquidity crunch and b) on-chain tailwinds due to the strong BTC supply shortage. Ultimately, the on-chain tailwinds will likely outweigh the negative macro headwinds but this could create some volatility in early 2025 (and possibly some attractive buying opportunities).”
At the time of writing, Bitcoin is trading around $94,000, with data from BeInCrypto showing it has dropped nearly 6% over the weekend.
#Mr_Pips #ChristmasMarketAnalysis #BTC
$OP Building Momentum – Targeting $3.72Currently holding strong at $1.40, $OP is solidifying its position at a key support level, gearing up for a major test of resistance at $3.72. A significant increase in trading volume highlights growing buying pressure, signaling a potential breakout in the near future. Key Highlights Strong Support at $1.40 Holding steady at this level provides a solid foundation for $OP's growth, indicating the potential to sustain its upward trend.Rising Trading Volume A surge in trading activity reflects investor confidence, offering a bullish signal for upcoming growth opportunities.Bitcoin’s Market Influence Bitcoin’s dominance continues to play a crucial role. Tracking its movements will help traders predict $OP’s breakout potential, as broader market momentum often drives altcoin performance. Outlook If Bitcoin maintains its upward trajectory, $OP could reach its resistance level of $3.72, presenting an exciting profit opportunity for investors. Advice: Keep an eye on trading volume and Bitcoin’s momentum to better position yourself for potential gains with $OP. 🚀 {spot}(OPUSDT) {spot}(BTCUSDT) #Mr_Pips

$OP Building Momentum – Targeting $3.72

Currently holding strong at $1.40, $OP is solidifying its position at a key support level, gearing up for a major test of resistance at $3.72. A significant increase in trading volume highlights growing buying pressure, signaling a potential breakout in the near future.
Key Highlights
Strong Support at $1.40
Holding steady at this level provides a solid foundation for $OP 's growth, indicating the potential to sustain its upward trend.Rising Trading Volume
A surge in trading activity reflects investor confidence, offering a bullish signal for upcoming growth opportunities.Bitcoin’s Market Influence
Bitcoin’s dominance continues to play a crucial role. Tracking its movements will help traders predict $OP ’s breakout potential, as broader market momentum often drives altcoin performance.
Outlook
If Bitcoin maintains its upward trajectory, $OP could reach its resistance level of $3.72, presenting an exciting profit opportunity for investors.
Advice: Keep an eye on trading volume and Bitcoin’s momentum to better position yourself for potential gains with $OP . 🚀
#Mr_Pips
In-Depth Analysis of PNUT Coin: Opportunity or Risk?{spot}(PNUTUSDT) $PNUT is a cryptocurrency gaining attention in the crypto market. With its current price at $0.7035, the coin has shown significant growth over the past 24 hours, up by +11.88%, indicating strong investor interest. However, before deciding whether to invest, it’s essential to dive deeper into its metrics and prospects. Price Volatility Analysis 24-hour price range: $0.5852 - $0.7059 PNUT has experienced considerable fluctuations in the past day, with a low of $0.5852 and a high of $0.7059. This reflects the inherent volatility typical of smaller altcoins. 24-Hour Trading Volume PNUT: 170,601,710.50USDT: $111,663,381.38 The high trading volume indicates strong interest from investors. However, it also suggests potential for sharp price corrections, especially when trading activity is dominated by short-term traders. Advantages of PNUT Impressive Short-Term Growth: A nearly 12% increase in the last 24 hours highlights PNUT's potential to attract speculative capital.High Liquidity: Robust trading volume ensures ease of buying and selling in the market.Short-Term Investment Potential: For short-term traders, $PNUT offers opportunities for quick profits due to its high price volatility. Risks to Consider High Price Volatility: Significant fluctuations can lead to substantial losses if risks are not effectively managed.Lack of Long-Term Information: PNUT currently lacks clear practical applications or a detailed development roadmap, posing challenges for long-term investors.Altcoin Market Saturation: PNUT faces competition from thousands of other altcoins in the market. Investment Recommendations Consider Investing If: You are a short-term investor with experience in risk management.You are willing to accept high risks in exchange for quick returns.You can closely monitor market movements. Avoid Investing If: You are seeking a stable, long-term investment.You lack the time to keep track of price fluctuations.You do not have a clear exit strategy in case the market reverses. Conclusion $PNUT is an appealing choice for short-term investors due to its quick profit potential and high liquidity. However, its significant price volatility and lack of long-term information present considerable risks. If you decide to invest in PNUT, ensure you have a clear strategy and never invest more than you can afford to lose. Remember, in the crypto market, knowledge and preparation are key to success. Happy trading! #Mr_Pips #PNUT #crypto

In-Depth Analysis of PNUT Coin: Opportunity or Risk?


$PNUT is a cryptocurrency gaining attention in the crypto market. With its current price at $0.7035, the coin has shown significant growth over the past 24 hours, up by +11.88%, indicating strong investor interest. However, before deciding whether to invest, it’s essential to dive deeper into its metrics and prospects.
Price Volatility Analysis
24-hour price range: $0.5852 - $0.7059
PNUT has experienced considerable fluctuations in the past day, with a low of $0.5852 and a high of $0.7059. This reflects the inherent volatility typical of smaller altcoins.
24-Hour Trading Volume
PNUT: 170,601,710.50USDT: $111,663,381.38
The high trading volume indicates strong interest from investors. However, it also suggests potential for sharp price corrections, especially when trading activity is dominated by short-term traders.
Advantages of PNUT
Impressive Short-Term Growth: A nearly 12% increase in the last 24 hours highlights PNUT's potential to attract speculative capital.High Liquidity: Robust trading volume ensures ease of buying and selling in the market.Short-Term Investment Potential: For short-term traders, $PNUT offers opportunities for quick profits due to its high price volatility.
Risks to Consider
High Price Volatility: Significant fluctuations can lead to substantial losses if risks are not effectively managed.Lack of Long-Term Information: PNUT currently lacks clear practical applications or a detailed development roadmap, posing challenges for long-term investors.Altcoin Market Saturation: PNUT faces competition from thousands of other altcoins in the market.
Investment Recommendations
Consider Investing If:
You are a short-term investor with experience in risk management.You are willing to accept high risks in exchange for quick returns.You can closely monitor market movements.
Avoid Investing If:
You are seeking a stable, long-term investment.You lack the time to keep track of price fluctuations.You do not have a clear exit strategy in case the market reverses.
Conclusion
$PNUT is an appealing choice for short-term investors due to its quick profit potential and high liquidity. However, its significant price volatility and lack of long-term information present considerable risks. If you decide to invest in PNUT, ensure you have a clear strategy and never invest more than you can afford to lose.
Remember, in the crypto market, knowledge and preparation are key to success. Happy trading!

#Mr_Pips #PNUT #crypto
ADA (Cardano) Analysis: Invest Now or Wait?{spot}(ADAUSDT) 1. Overview of ADA and the Market in the Past 24 Hours Over the past 24 hours, $ADA (Cardano) experienced a slight growth of +2.09%, with price fluctuations ranging from $0.8665 (low) to $0.9000 (high). The trading volume reached 71,776,372 ADA, approximately equivalent to $63,338,188.96 USDT. This indicates a steady inflow of capital into ADA, despite the overall uncertainty in the crypto market. 2. Evaluation of $ADA Movements Short-Term Growth: ADA’s ability to maintain slight growth in the past 24 hours, coupled with high trading volume, reflects investor optimism. However, this is not a definitive sign of a long-term upward trend.Resistance and Support Levels: The $0.90 price point serves as a strong resistance. If this level is not breached, ADA may adjust downward to the support zone around $0.86-$0.87. 3. Long-Term Analysis: ADA’s Potential Cardano has always been regarded as a blockchain project with solid fundamentals due to its expanding ecosystem, security features, and scalability. However, ADA’s price heavily depends on the following factors: Technological Development: Updates like Hydra (Layer 2) aim to enhance transaction speed.Market Sentiment: ADA is highly influenced by global crypto market trends, particularly Bitcoin and Ethereum price movements. 4. Should You Invest in $ADA Now? Invest if:You believe in the long-term potential of Cardano’s blockchain.You aim to accumulate at lower prices in the current market cycle.Your investment horizon is 1-3 years, rather than short-term.Do not invest if:You’re seeking short-term profits (market uncertainties persist, and ADA could face corrections).You’re unwilling to take risks if the market continues to decline. 5. Specific Recommendations: If you already own ADA: Consider taking partial profits if the price surpasses $0.90 in the short term, especially given the lack of a confirmed upward trend in the market.If you don’t own ADA yet: Consider buying at the strong support zone of $0.86-$0.87, using a reasonable capital allocation strategy like Dollar Cost Averaging (DCA). 6. Conclusion: ADA remains one of the most robust coins with strong long-term potential. However, given the current market conditions, investments should be carefully planned, prioritizing sustainable strategies over chasing short-term volatility. Always focus on risk management and stay updated on market news for well-informed decisions. Note: This is not financial advice. Please conduct thorough research and only invest money you can afford to lose. #Mr_Pips #ADA #crypto

ADA (Cardano) Analysis: Invest Now or Wait?

1. Overview of ADA and the Market in the Past 24 Hours
Over the past 24 hours, $ADA (Cardano) experienced a slight growth of +2.09%, with price fluctuations ranging from $0.8665 (low) to $0.9000 (high). The trading volume reached 71,776,372 ADA, approximately equivalent to $63,338,188.96 USDT. This indicates a steady inflow of capital into ADA, despite the overall uncertainty in the crypto market.
2. Evaluation of $ADA Movements
Short-Term Growth:
ADA’s ability to maintain slight growth in the past 24 hours, coupled with high trading volume, reflects investor optimism. However, this is not a definitive sign of a long-term upward trend.Resistance and Support Levels:
The $0.90 price point serves as a strong resistance. If this level is not breached, ADA may adjust downward to the support zone around $0.86-$0.87.
3. Long-Term Analysis: ADA’s Potential
Cardano has always been regarded as a blockchain project with solid fundamentals due to its expanding ecosystem, security features, and scalability. However, ADA’s price heavily depends on the following factors:
Technological Development: Updates like Hydra (Layer 2) aim to enhance transaction speed.Market Sentiment: ADA is highly influenced by global crypto market trends, particularly Bitcoin and Ethereum price movements.
4. Should You Invest in $ADA Now?
Invest if:You believe in the long-term potential of Cardano’s blockchain.You aim to accumulate at lower prices in the current market cycle.Your investment horizon is 1-3 years, rather than short-term.Do not invest if:You’re seeking short-term profits (market uncertainties persist, and ADA could face corrections).You’re unwilling to take risks if the market continues to decline.
5. Specific Recommendations:
If you already own ADA:
Consider taking partial profits if the price surpasses $0.90 in the short term, especially given the lack of a confirmed upward trend in the market.If you don’t own ADA yet:
Consider buying at the strong support zone of $0.86-$0.87, using a reasonable capital allocation strategy like Dollar Cost Averaging (DCA).
6. Conclusion:
ADA remains one of the most robust coins with strong long-term potential. However, given the current market conditions, investments should be carefully planned, prioritizing sustainable strategies over chasing short-term volatility. Always focus on risk management and stay updated on market news for well-informed decisions.
Note: This is not financial advice. Please conduct thorough research and only invest money you can afford to lose.
#Mr_Pips #ADA #crypto
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