Here are the latest developments in the cryptocurrency market until December 28, 2024:
Cryptocurrency Market Drops: Bitcoin saw a significant drop, falling below $95,000, which impacted the overall market.
Russia's use of Bitcoin in foreign trade: Russian companies have begun using Bitcoin and other cryptocurrencies in international payments, after legislative amendments allowed this to be done to counter Western sanctions.
Some cryptocurrencies have seen notable gains, such as PHA, which briefly crossed the $0.6 barrier before falling back, with the current price at $0.5388, representing a 48.6% increase over 24 hours.
Liquidation of positions in the cryptocurrency market: The cryptocurrency market witnessed liquidations amounting to $170 million in the past 24 hours, with long positions worth $131 million, while short positions witnessed liquidations worth $38.19 million.
Bitcoin bullish: Millionaire investor and author of Rich Dad Poor Dad, Robert Kiyosaki, has expressed his unwavering confidence in Bitcoin, urging investors to take advantage of the recent price drop as a buying opportunity.
North Korean Hackers Steal: North Korean-linked hackers stole record amounts of money from cryptocurrency exchanges in 2024, reflecting growing capabilities that threaten U.S. national security.
Tether Expects Huge Profits: Tether Holdings, the world’s largest stablecoin issuer, expects to generate net profits of over $10 billion by the end of 2024.
Please keep in mind that the cryptocurrency market is volatile, and it is always important to do your own research before making any investment decisions.