Mt Gox Creditors Plan to Hold Bitcoin After Repayment #MtGo | Cryptos Headlines on Binance Square

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Mt Gox Creditors Plan to Hold Bitcoin After Repayment
#MtGox  #WarzirX  #BlockFi  #EthereumETFApprovalExpectations  #Grayscale  $BTC  $ETH  $USDC 

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Solana (SOL) Crash Warning as Support Collapses, Eyes on $200 Solana (SOL), the world’s fifth-biggest cryptocurrency by market cap, is poised for downside momentum as its daily chart flashes a warning sign. On December 3, 2024, the sentiment across the cryptocurrency landscape appears bearish, with assets struggling to gain momentum. Solana (SOL) Technical Analysis and Upcoming LevelsAmid the price correction phase, Solana (SOL) has failed to hold its crucial support level and has fallen below the $227 mark. According to expert technical analysis, after hitting its all-time high, SOL entered a consolidation phase, forming a bearish head-and-shoulders price action pattern. In today’s bearish, or rather price-corrective, stance, SOL breached the neckline of the bearish pattern and attempted to close a daily candle below it. Based on recent price action and historical momentum, if SOL closes a daily candle below the $226 level, there is a strong possibility it could decline by 10% to reach the $200 mark in the coming days. On the positive side, SOL is trading above the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating an uptrend. Meanwhile, the Relative Strength Index (RSI) suggests a potential upside rally in the coming days, as its value is near the oversold zone. The outflow of $159M SOL Despite the bearish outlook, whales and institutions have shown strong confidence and interest in the altcoin, according to the on-chain analytics firm Coinglass. SOL’s spot inflow/outflow data reveals that over the past four days, exchanges have witnessed a significant outflow of $159 million worth of SOL. In the cryptocurrency context, outflow refers to whales withdrawing tokens from exchanges to their wallets, which is considered a bullish sign and suggests a potential upside rally in the coming days. Considering the outflow, it seems that SOL investors may be capitalizing on the current market sentiment and price decline by acquiring more assets. #Solana #SOL #AltcoinSeason #Cryptomarket #CryptoNews

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Solana (SOL) Crash Warning as Support Collapses, Eyes on $200

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What 30% of BTC Funds Could Mean for DOGE The prospect of a Dogecoin ETF emerging in 2025 has gained attention, especially after the successful launches of Bitcoin and Ethereum ETFs in 2024. DOGE’s market value could rise significantly if a Dogecoin ETF captures 30% of the $30.8 billion in cumulative net inflows that Bitcoin ETFs are currently seeing. Exchange Traded Funds (ETFs) have become increasingly popular investment vehicles, granting institutional investors easier access to cryptocurrency. The approval of Bitcoin ETFs in January has already generated excitement and investment inflow into Bitcoin, which historically influenced the broader market. However, a thought-provoking scenario is emerging: what if Dogecoin, often seen as a playful alternative, a joke, often fueled by internet meme culture, suddenly aimed for a more prestigious role? Speculation is growing around the possibility of a Dogecoin ETF filing in 2025, igniting curiosity among investors. Calculating the Price Potential Post-ETF ApprovalThe ongoing rise in Bitcoin’s price recently surpassing $99,000 has been supported by substantial inflows into Bitcoin ETFs, which have attracted more than $30.8 billion since their approval by the SEC. This influx has sparked considerable interest in launching ETFs for other cryptocurrencies, including Ethereum (ETH), which launched its own ETF products in July, and filings for XRP and Solana ETFs which are waiting for approval. Financial experts, including Nate Geraci, CEO of the ETF Store, suggest that asset managers could file for a Dogecoin ETF as a strategic marketing tool to capture investor interest. If a Dogecoin ETF were to secure just 30% of the anticipated Bitcoin ETF inflows of an estimated $9.24 billion, the implications for Dogecoin’s market cap would be substantial. By applying a multiplier based on historical data from Bank of America, which utilizes a multiplier of 29.5x, this influx could potentially increase Dogecoin’s market capitalization significantly. #Dogecoin #doge⚡ #Memecoin #Bitcoin #CryptoNews

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What 30% of BTC Funds Could Mean for DOGE

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Post Bitcoin halving, BTC surges 129% YTD – $100K soon? Bitcoin’s 129% YTD gain was driven by halving and macroeconomic factors.Analysts predicted further gains, but challenges like altcoin dominance and market corrections remained. Bitcoin [BTC] has had an exceptional 2024, achieving a remarkable 129% year-to-date gain, driven by a series of pivotal events, including the April halving and the outcome of the U.S. Presidential election. With the cryptocurrency now approaching the $100,000 mark, all eyes are on Bitcoin’s next move. Analysts are optimistic, with many predicting further gains as market conditions continue to evolve. As Bitcoin rides this wave of momentum, the question remains: will it break through the $100K threshold and push even higher? Bitcoin’s post-halving surge Bitcoin’s 2024 halving in April significantly reduced miner rewards, cutting new BTC issuance to 3.125 BTC per block. Historically, halvings trigger supply shocks that bolster price momentum over the following months. True to form, Bitcoin surged by over 85% since April, crossing $95,000 in December. This rally has been fueled by a mix of macro and sector-specific factors. Bitcoin’s status as “digital gold” gained further appeal amid inflation concerns and geopolitical instability, drawing institutional investors. Additionally, renewed retail interest and the U.S. Presidential election, which brought crypto-friendly policies into focus, bolstered optimism. The chart shows a steady uptrend supported by strong on-chain metrics, such as rising active addresses and growing open interest in BTC futures. However, the RSI near 61 suggests the asset is nearing overbought territory, signaling potential short-term consolidation. The $100K threshold and shifting market dynamicsBitcoin’s march toward $100,000 remains a defining narrative for the market. On the 22nd of November, BTC briefly touched $99,000 before retreating to the $96,000-$98,000 range. #bitcoin100k #bitcoinsurge #Cryptomarket #Altcoins #CryptoNews

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