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Over 33,000 #BTC (approximately 3.23 billion dollars) were sent to cryptocurrency exchanges last week.
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Fasten your seat belts: “Bitcoin will recover to $105,000” Despite the recent major declines, crypto analysts predict that the #Bitcoin ($BTC ) price will return to $105,000. The crypto market experienced major declines on December 9 and December 19. The leading crypto, BTC, lost a lot of blood during these declines. Positive signals have begun to come for BTC, which could not hold on to $100,000. Analysts believe that $BTC could not attract liquidity due to the Christmas holiday, but will continue to rise in the coming days. According to analysts, the #BTC price will rise to $105,000 after the holiday. The Fed's interest rate policy and Donald Trump assuming the presidency on January 20 are among the factors shaping the upward expectations. Analysts believe that the Bitcoin (BTC) price will recover in the coming days. According to Cointelegraph Markets Pro data, the BTC price has been trading below the $100,000 psychological threshold since December 19. BTC reached an all-time high of $108,300 on December 17. Bitget Research chief analyst Ryan Lee stated that institutional players will return after the Christmas holiday and liquidity will increase. Lee predicted that BTC will make another correction after the holiday and then the price will reach $105,000. The famous analyst used the following statements in his statement to Cointelegraph: “After Christmas, markets typically revive and funds are expected to take active positions in sectors that will be positively affected by Trump’s presidency. The expected trading range for BTC this week is $94,000 to $105,000.” Despite BTC’s six-figure price estimates, money outflows have begun in spot Bitcoin ETFs traded in the US. According to Farside data, #Bitcoin ETFs recorded net outflows of over $338 million on December 24. Crypto analyst Rekt Capital stated in an analysis published on December 24 that the price correction in Bitcoin could be prolonged.
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Chainlink (LINK) on edge: What's going on? #Chainlink ($LINK ), one of the most popular altcoins of recent times, has fallen due to increasing selling pressure. Oracle project Chainlink, which expanded in the Web3 field, made a sensational rise in November. $LINK grew by 65 percent on the date in question. LINK, which fell in December with increased profit sales, opened the curtain to various speculations. AMBCrypto reported that Chainlink was pressured by suspicious whale transactions and LINK was stuck at a significant resistance level. The analysis reported that the price was approaching a potential breakout. According to the analysis prepared by AMBCrypto, Chainlink (LINK) gave positive signals in on-chain measurements. The analysis stated that whales were hungry and there was an outflow of supply from exchanges. The following statements were included in the analysis: “Decreasing LINK reserves and increasing transactions increased the probability of an increase.” According to on-chain data, 30 newly created wallets withdrew 1.37 million LINK worth $34.1 million from #Binance in just five days. During this accumulation, there was a 4 percent increase in the LINK price. Lookonchain, which brought to light the accumulation made by whales through new wallets, drew attention to the increasing demand. AMBCrypto evaluated the whale activity as follows: “This type of whale activity usually leads to a potential breakout. Large wallets are preparing for LINK’s next big move.” Stating that the LINK price is preparing for an increase, AMBCrypto touched on potential resistance points in its graphic analysis. The analysis emphasized that LINK is struggling with a critical resistance at $26.14, and if this resistance is not overcome, the price may retreat to the $22.04 support. The analysis included the following statements: “The chart showed that buy orders were accumulating near the support and could trigger an uptrend if momentum builds.” According to the analysis, if the price breaks above $26.14, it could touch $30.
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Shiba Inu (SHIB) critical development: How does it affect the price? Shibarium, the layer-2 solution for Shiba Inu (SHIB), reached a significant milestone on Christmas. Shibarium achieved a remarkable achievement by surpassing 700 million transactions in total. This refers to the total number of transactions processed through the protocol. According to Shibariumscan data, the total number of transactions recorded in the protocol is currently reported as 702,299,255. Shibarium's average daily transaction count is around 4.51 million. These figures are carried out by 2,021,932 wallet addresses active on the blockchain. #Shibarium , which was officially launched in August 2023, has achieved this transaction volume in a short period of 18 months, indicating strong participation and adoption by the community. Other notable developments for Shibarium include the launch of a new user interface that increases compatibility with leading wallets like Coinbase Wallet, Trust Wallet, and MetaMask. Shibarium’s key goals include reducing transaction costs, increasing scalability, and making speed improvements. These goals may have contributed significantly to the recent increase in transaction volume. Shibarium also received an update that allows developers to process blocks faster. Shibarium’s 700 million transaction milestone coincides with a surge in the price of Shiba Inu. Currently, SHIB is trading at $0.00002305, up 3.52% in the last 24 hours. The price increase was supported by the burning of over seven million SHIB tokens. According to Shibburn data, a total of 7,309,654 SHIB tokens were burned in the last 24 hours. Analysts are expecting a new rally in the popular #memecoin if $SHIB maintains its current momentum.
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“XRP can make you rich” Crypto commentator Oscar Ramos made statements that will excite $XRP investors. XRP, which dazzled with its performance in November, has started to weaken in recent days. Increasing selling pressure caused the $XRP price to lose nearly 20 percent of its value. The popular altcoin made investors nervous, especially with the 10 percent drop it made on December 20. Crypto analysts think that XRP will continue to rise despite the climate of fear. Crypto commentator Ramos said that #XRP owners can become rich. The expert commentator touched on a catalyst that will allow #XRP to rise again. XRP increased by 283 percent after Donald Trump won the US presidential election on November 5. The altcoin, which achieved its highest monthly close in the last seven years, performed weakly in December. According to TheCryptoBasic, XRP continued its potential rally until December. The popular altcoin reached $2.9, its highest level in the last seven years, on December 5. The altcoin, which was affected by the declines under the name of correction, consolidated around $2. Market commentator Ramos thinks that the consolidation phase in XRP is temporary and the price will continue to rise. According to Ramos, $XRP owners will be rich. Ramos sees the current decline as an opportunity to accumulate more coins before the next potential breakout. Ramos, who shared a video, reminded that market activities were stagnant during the Christmas period. Ramos, who suggested that investors should evaluate these opportunities, suggested that price volatility will begin soon. Ramos thinks that XRP should be opened to institutional investors in the US in order to realize its potential rally. According to the market expert, the launch of spot ETFs will positively affect the price of XRP. Ramos also predicts that the #RLUSD stablecoin will contribute to the rise of XRP.
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