Weekly Market Highlights - Memecoins Dominated the Crypto Narrative in 2024
27 December 2024 Macro/TradFi MicroStrategy has acquired 5,262 BTC for US$561M at US$106,662 per bitcoin. Japanese investment firm Metaplanet Inc. bought an additional 619.7 BTC for JPY9.5B (US$60.6M) at an average purchase price of JPY15.3M (US$97,786) per bitcoin, boosting the company’s total holdings to 1,761.98 BTC. Floki intends to launch an exchange-traded product (ETP) based on its FLOKI token on Switzerland’s SIX Swiss Exchange in early Q1 2025. Crypto L1/L2: BNB Chain has released its 2
#BinanceLaunchpoolBIO 2024 with Binance I am newly join on Binance. My experience is good with Binance. I make two payments with P2P. First payment experience is good but second payment experience is good seller make transaction too late. Now I join Bio Launch pool I stake 17 FDUSD in Launch pool. $FDUSD #2024withBinance
I am newly join on Binance. My experience is good with Binance. I make two payments with P2P. First payment experience is good but second payment experience is good seller make transaction too late. Now I join Bio Launch pool I stake 17 FDUSD in Launch pool. $FDUSD #2024withBinance
🚀 $LPT /USDT - Momentum Surge! 🚀 Current Price: $18.71 (+18.79%) 24h High: $20.295 24h Low: $15.713 $LPT has been making impressive moves today, up by 18.79%, and it's showing strong momentum! With the price touching $18.71, the coin is nearing its 24h high of $20.295. 💡 Key Price Levels to Watch: Resistance: $20.295 Support: $17.312 Volume Insight: 24h volume (LPT): 4.01M 24h volume (USDT): 75.17M 📊 As LPT tests these key levels, keep an eye on any potential breakout above $20.295. A push past this could open up fresh targets, while maintaining support above $17.312 could signal further stability. 📅 Next Steps: With solid upward momentum, LPT/USDT is on the radar. Stay tuned for possible breakout opportunities! 🌟 #BinanceAlphaAlert #GrayscaleHorizenTrust #MarketRebound o #BinanceLabsBacksUsual #BinanceLaunchpoolBIO $LPT
#MarketRebound Big $BTC Short Liquidation! 🚀 A significant short position of $71.8K was liquidated at a price of $97,356.12, indicating a strong bullish momentum in the market. This suggests that traders holding short positions are being squeezed, potentially setting the stage for a major market movement. Support & Resistance Levels: Support: $95,000 – This is a critical level where buying interest may emerge. Resistance: $100,000 – This psychological threshold could trigger substantial selling pressure. What’s Next? Bullish Scenario: If Bitcoin (BTC) manages to break through the $100,000 mark, it could be on track to reach new all-time highs. Traders might consider placing a buy stop order above this resistance level to capitalize on the breakout. Bearish Scenario: Should BTC fail to surpass $100,000, watch for a potential retest of the $95,000 support level. If this support fails to hold, it could indicate a sell-off. Suggestions: For Risk-Takers: Consider buying on a breakout above $100K, but use tight stop-loss orders to manage risk. For Cautious Traders: It may be prudent to wait for a confirmed pullback to $95K before entering a long position. For Bears: If momentum shifts bearish, selling below $95K could be a viable strategy. $BTC
#BinanceLaunchpoolBIO Binance Launchpool Introduces Bio Protocol (BIO): Start Farming on December 24 Binance announced Bio Protocol (BIO) as the 63rd project on Binance Launchpool. BIO is a curation and liquidity protocol for Decentralized Science (DeSci). Users can farm BIO tokens by locking BNB and FDUSD starting from 2024-12-24 00:00 (UTC). Key Details: Launchpool Token Farming: Farming Period: 2024-12-24 00:00 (UTC) to 2025-01-02 23:59 (UTC) Token Rewards: 99,600,000 BIO (3% of total genesis token supply) Supported Pools: Lock BNB: 84,660,000 BIO rewards (85% of total rewards) Lock FDUSD: 14,940,000 BIO rewards (15% of total rewards) Daily Reward Distribution: Total: 9,960,000 BIO BNB Pool: 8,466,000 BIO FDUSD Pool: 1,494,000 BIO Token Listing: Listing Date: 2025-01-03 10:00 (UTC) Trading Pairs: BIO/USDT, BIO/BNB, BIO/FDUSD, and BIO/TRY Initial Circulating Supply: 1,296,529,168 BIO (39.05% of total genesis supply) Token Information: Token Name: Bio Protocol (BIO) Max Supply: 3,320,000,000 BIO (subject to governance changes) Network: Ethereum Contract Address: 0xcb1592591996765Ec0eFc1f92599A19767ee5ffA Farming Participation: Complete Binance KYC to participate. Hourly Hard Cap per User: BNB Pool: 35,275 BIO FDUSD Pool: 6,225 BIO Important Notes: Webpages for BNB and FDUSD pools, as well as a detailed BIO research report, will be available approximately 12 hours after this announcement. Beware of false advertising regarding BIO token availability before Binance’s official listing on 2025-01-03.
$BTC Analysis of the Christmas market on Binance shows a mixed outlook for cryptocurrencies. History shows that the Christmas rally has boosted the stock market in the last week of December and the first two trading days of January, with the S&P 500 averaging a 1.3% increase during this period ¹. However, this trend may not directly translate to cryptocurrencies.
#ChristmasMarketAnalysis Analysis of the Christmas market on Binance shows a mixed outlook for cryptocurrencies. History shows that the Christmas rally has boosted the stock market in the last week of December and the first two trading days of January, with the S&P 500 averaging a 1.3% increase during this period ¹. However, this trend may not directly translate to cryptocurrencies.
#ChristmasMarketAnalysis During the Christmas period, the cryptocurrency market along with other financial market assets has historically seen a downward trend, indicating that this is a cyclical market trend. Traders should be aware of this market behavior to adjust their strategy.
Bitcoin (BTC) has experienced significant price fluctuations during the Christmas period from 2020 to 2023. Here's an overview of its performance during this time: 2020: On December 25, 2020, Bitcoin's price was approximately $28,993. 2021: By December 25, 2021, Bitcoin had reached a new all-time high earlier in the year, with prices exceeding $60,000 in April. 2022: The market was noticeably different by the end of 2022, with Bitcoin prices reaching roughly $95,104.94 as of December 22, 2024, after another crypto exchange, FTX , filed for bankruptcy. 2023: On December 25, 2023, Bitcoin's closing price was $43,641.66, reflecting a 1.5% increase for the day. These fluctuations highlight Bitcoin's volatility during the holiday season over the past few years. $BTC
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