๐ Bitwise files SEC proposal for ETF centered on Bitcoin-Holding Corporations ๐
Bitwise and Strive are introducing Bitcoin ETFs that aim to exploit institutional interest by focusing on corporate Bitcoin usage, offering new investment avenues in the crypto sector.
Bitwise has proposed the Bitcoin Standard Corporations ETF to the SEC, which will invest in companies with at least 1,000 $BTC in their reserves. This ETF uses a unique weighting system based on Bitcoin reserves rather than market cap, giving more weight to companies with larger $BTC holdings.
๐ Bitwise: New approaches for the institutionalization of Bitcoin.
Only companies with a market cap over $100 million, good liquidity, and minimal private ownership qualify for Bitwise's ETF, aiming for transparency and investor appeal.
Strive's Bitcoin Bond ETF, co-founded by Vivek Ramaswamy, will invest in convertible bonds of companies with significant Bitcoin holdings, focusing on a few key companies like MicroStrategy, with a non-diversified approach. Both companies are innovating by integrating Bitcoin into corporate finance strategies, not just as an asset but as a part of corporate operations and strategy.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐ Today, these are the coins with the highest APR ๐
๐ $STEEM โ> 39.19%
๐ $GMT โ> 32.65%
๐ $OGN โ> 30.91%
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐ธ๐ Whatโs Happening in Crypto Today? ๐๐ธ
๐ Crypto Market Declines: The total market cap for cryptocurrencies is now $3.5 trillion, down by 0.3% in the last 24 hours, with a daily trading volume of $158.07 billion.
๐ Bitcoin and Ethereum: Bitcoin ($BTC ) trades at $96,437.54 with a 0.8% daily and 2.3% weekly increase. Ethereum ($ETH ) is at $3,400.98, showing a 0.8% daily and 6.7% weekly gain.
๐ Other Major Cryptocurrencies: XRP is at $2.19 with a 0.3% daily and 6.4% weekly rise. Solana is up 0.7% at $190.72. Dogecoin has increased by 0.7% daily and 12.2% weekly, trading at $0.3197. BNB saw a 1.1% daily and 11% weekly gain, priced at $704.41.
๐ Stablecoins: USDC holds steady at $1.00, maintaining its peg.
๐ Trending Cryptocurrencies: Bitget Token increased by 20.1% in the last day, while Tema and Pudgy Penguins ($PENGU ) saw declines of 7.2% and 11.5%, respectively.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐ฅ๐ธ Bonk DAO Burns 1.69 Trillion BONK Tokens: Whatโs Next for the Solana Meme Coin ๐ธ๐ฅ
Bonk DAO has reduced its token supply by burning 1.69 trillion tokens, potentially affecting BONK's price which has already decreased by over 8% in the last day, despite a weekly gain of 6.95%. Despite the token burn not immediately boosting the price, analysts are positive about BONK's future, with the current price at $0.00003151, showing a small weekly increase.
The BONK DAO executed a significant burn of tokens worth $52 million to adjust tokenomics and enhance long-term value for its community, as confirmed by their official X announcement. Since its inception, $BONK has evolved from a meme coin to a significant player in DeFi, offering governance, staking, and exchange functions within its ecosystem.
The burn was part of the "BURNmas" initiative, which exceeded its initial goal due to community engagement and an amendment passed to increase the burn amount to 1.69 trillion tokens.
๐ A Look at BONKโs Market Activity
The burn coincides with increased competition from other meme coins like Pudgy Penguins ($PENGU ), which has seen substantial growth and trading volume, highlighting the competitive landscape in the Solana meme coin market.
The token burn has reduced BONK's supply to 91 trillion from 100 trillion, potentially leading to a supply shock that could increase the token's value due to scarcity. Beyond the burn, $BONK plans to support new projects to expand utility and value, with the current trading price at $0.00003151 and a 75% year-to-date increase.
BONK's 24-hour trading volume shows an 8.10% decline, suggesting reduced market activity, but long-term predictions are optimistic with a projected 30.39% rise by 2025.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐๐ Solana Price Set to Explode Once It Breaks Above This Key Level ๐๐
On Christmas Day 2024, Solana ($SOL ) is attempting a recovery, trading around the $200 mark after a 13% rise from its recent lows of $175. Despite this, it's far from its peak of $260. The price is currently in a downtrend, below its 21 and 50-day moving averages (DMAs).
A decisive move above $220 could signal the end of this bearish trend. Although recent hawkish signals from the Federal Reserve about fewer rate cuts in 2025 have dented confidence in risk assets, there's optimism that Solana might rebound towards or surpass its 2024 highs in early 2025.
๐ Solana Price Could Hit $260 Soon?
The US economy's strong performance is expected to support risk assets like stocks, positively impacting cryptocurrencies. However, the most significant boost for crypto is anticipated from the incoming pro-crypto Trump administration and Congress, potentially ushering in a new golden era for the US crypto industry. This should accelerate crypto adoption and benefit major assets.
While Solana's market cap is significantly smaller than Ethereum's, and it's unlikely to surpass it soon, its current price being 25% lower than November's peak makes it an attractive investment in the current cycle.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐ Chainlink ($LINK ) price headed for $38 in January: 3 reasons why ๐
๐ค๐ป Chainlink could team up with BlackRock
Chainlink has partnered with World Liberty Financial, a Trump-supported DeFi platform, and there are rumors of a potential collaboration with BlackRock, the world's largest asset manager.
Such an alliance could validate Chainlink's oracle services, drawing more institutional investors to $LINK .
This speculation might propel Chainlink's price to $38, a 70% increase from current levels by January.
๐ Whales have been loading up on LINK
Chainlink's price fell to $20 during a general market downturn on Monday, but whales capitalized on this, buying over $40 million in LINK, betting on its future profitability by 2025.
Trading volume surged from over $800 million to over $1 billion, suggesting potential for the price to exceed $35 in January.
๐ LINK technicals point upwards
Chainlink ($LINK ) is currently in an ascending channel, showing a pattern of higher highs and lows since late November.
Analysts predict it could reach $38 next month. The token is nearing its 50-day moving average on the 4-hour chart, and a break above $25 might lead to further gains, supported by an RSI of 45, indicating it's not overbought and could rise in January.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐๐ธ Holiday Crypto Picks: Top Alcoin Under $1 to Watch This Season ๐๐ธ
Stellar Lumens ($XLM )
Stellar Lumens ($XLM ) revolutionizes global money transfer by providing a fast, affordable, decentralized blockchain network since 2014. It supports transactions in any currency, including both national currencies and cryptocurrencies like Bitcoin. Stellar has facilitated billions of transactions, partnered with major companies, and enables individuals and businesses to send money globally or develop and utilize blockchain tools for payments and exchanges.
Stellar differentiates itself by aiming to integrate with existing financial systems rather than replacing them, promoting collaboration. Supported by the Stellar Development Foundation, which was initially backed by Stripe, Stellar focuses on projects like NFTs and smart contracts. Its strategy to bridge traditional and modern finance could make it significant in the evolving crypto landscape.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐๐ฅ Meme Coins Were the โMost Popularโ Crypto Narrative in 2024 ๐ฅ๐
In 2024, meme coins captured significant attention in the cryptocurrency market, with 31% of crypto searches focusing on these speculative assets, according to a study analyzing site traffic from January 1 to December 21.
๐ฅ๐ Main Meme Coin Narrative Accounted for 15% of Interest
The "main meme coin narrative" has significantly grown in interest, now comprising 15% of the crypto community's focus, up by more than six percentage points from the previous year.
Meme coins are controversial, attracting both fans and critics due to their speculative nature and potential for scams.
The volatility of meme coins offers opportunities for profit for some traders, but their temporary popularity is often noted as a downside.
$DOGE and $SHIB dominate the meme coin market, with market caps of $49.3 billion and $13.8 billion respectively, making up a significant portion of the total $113.2 billion memecoin market.
AI tokens have become the second-most followed crypto narrative, holding nearly 13% of investor interest.
Interest in AI has specifically grown around AI agents, which have captured 1.17% of visitor interest.
Although AI tokens boast a market cap of $44.8 billion, with leaders like Near Protocol ($NEAR ) and Internet Computer, they still don't match the enthusiasm generated by meme coins.
The swift ascent of meme tokens in 2024 highlights their persistent allure, even amidst a year where Bitcoin saw a 123% increase in value.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐๐ธ Holiday Crypto Picks: Top Alcoin Under $1 to Watch This Season ๐๐ธ
Artificial Superintelligence Alliance ($FET )
Artificial Superintelligence Alliance ($FET ) was established in 2017 and launched in 2019 on Binance. It focuses on creating a decentralized, blockchain-based machine learning network to democratize AI access. The network enables users to utilize AI agents for various tasks across different industries like DeFi, transportation, and energy systems, using large-scale data.
Fetch.ai combines AI with blockchain technology, positioning it for growth as both fields gain traction. Market analysis predicts $FET could exceed $1 by 2025 and reach $1.19 by 2030. With its focus on autonomous agents, Fetch.ai differentiates itself from competitors like SingularityNET and Ocean Protocol, suggesting it could be a notable player as AI demand increases in the cryptocurrency market.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐๐๐ Santa Claus rally happened in the crypto industry as some big altcoins experienced double-digit gains. ๐๐๐
Pudgy Penguins ($PENGU ) experienced a 40% increase on December 24, reaching a $2.26 billion market cap, driven by a 40% surge in NFT sales to $1.38 million and whale accumulation.
IOTA ($IOTA ) saw gains for three days in a row on Christmas Eve, following community approval of the Rebased proposal.
The Rebased proposal for IOTA was overwhelmingly supported, with 98% of holders voting for upgrades including staking and enhanced smart contracts, aiming to position IOTA as a competitor to Ethereum and Solana.
Algorand ($ALGO ), Hedera Hashgraph, Virtuals Protocol, and Curve DAO Token also performed well among cryptocurrencies.
*lThese altcoins benefited from Bitcoin's stability and rise above $97,000, alongside the traditional "Santa Claus rally" effect, which also boosted stock indices like the Dow Jones, Nasdaq 100, and S&P 500.
There's caution regarding the sustainability of the current crypto rally, as it might be a "dead cat bounce" or "bull trap," suggesting the need for confirmation if Bitcoin and altcoins exceed their December highs.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐๐ธ Holiday Crypto Picks: Top Alcoin Under $1 to Watch This Season ๐๐ธ
Pepe ($PEPE )
PEPE is a recently introduced cryptocurrency based on the Pepe the Frog meme, built on Ethereum. It's a deflationary token that follows other meme coins like $DOGE and $SHIB , with a no-tax approach and no intrinsic utility, appealing to those who enjoy the lighter, fun aspects of crypto.
In 2023, PEPE experienced a massive increase in value, peaking at a $1.6 billion market cap, creating significant gains for early investors and fostering a robust community. Its success led to a boom in new meme coins with volatile prices. PEPE's roadmap involves significant exchange listings and a cultural "meme takeover." Its future is uncertain but tied to broader market trends like the Bitcoin halving, making it an intriguing option for those interested in high-risk, high-reward investments.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐ Introducing BIO Protocol (BIO) on Binance Launchpool! Farm BIO by Locking BNB and FDUSD ๐
Binance announces BIO Protocol (BIO) as the 63rd project on Binance Launchpool, focusing on curation and liquidity for Decentralized Science (DeSci).
Supported Pools:
Lock $BNB : 84,660,000 BIO in rewards (85%)
Lock $FDUSD : 14,940,000 BIO in rewards (15%)
Farming Period: 2024-12-24 00:00 (UTC) to 2025-01-02 23:59 (UTC).
Good farming to everyone!!.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐๐ธ Holiday Crypto Picks: Top Alcoin Under $1 to Watch This Season ๐๐ธ
JasmyCoin ($JASMY )
JasmyCoin ($JASMY ) is developed by Jasmy Corporation in Tokyo, focusing on integrating Internet of Things (IoT) with blockchain to give users control over their personal data. This technology allows individuals to manage their data across various connected devices, turning personal information into a personal asset.
JasmyCoin emphasizes data privacy at a time when it's increasingly crucial. Unlike other cryptocurrencies that might focus on speed or scalability, $JASMY prioritizes individual data rights. This approach taps into the current trend of wanting more control over digital footprints, potentially increasing its appeal as data security concerns grow. In the volatile crypto landscape, Jasmy's focus on data empowerment could position it as a notable contender.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
Bitcoin has experienced a significant year-to-date increase of 137%, with its price recently exceeding $108,000 before a minor decline. Speculation suggests that $BTC might see further increases during the upcoming Christmas week.
Bitcoin's price behavior isn't uniform during Christmas; it depends on market conditions. In bullish markets, $BTC tends to perform well over the holiday period, while in bear markets, it has often seen notable price drops.
Historical data indicates substantial Christmas week gains for Bitcoin during halving years. In 2020, Bitcoin increased by 25.63%, in 2016 it rose by 11.25%, and in 2012, it also achieved double-digit growth.
This December, Bitcoin has already gained 8.71%. If past trends continue, there's potential for Bitcoin to approach $120,000 next week, suggesting a continuation of the upward trend seen earlier in the month.
๐๐What do you think about the performance of $BTC and other cryptocurrencies during Christmas time?
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐ Today, these are the coins with the highest APR ๐
$STEEM
$AGLD
$POWR
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
Despite a recent price reversal, Bitcoin ($BTC ) continues to trade above both the 50-day and 200-day Exponential Moving Averages (EMA), which traditionally signals a bullish market trend for the cryptocurrency.
Should Bitcoin surpass its all-time high from December 5, which was $103,630, it might pave the way for further gains. A clear breakout above $110,000 could then set the stage for a push towards $120,000.
Investors should keep an eye on various external factors that could influence Bitcoin's price. These include trends in U.S. economic indicators, developments in the U.S. Bitcoin spot ETF market, activities related to U.S. government sales of $BTC , and news associated with President Trump, given his influence on cryptocurrency markets.
On the flip side, if Bitcoin's price falls below $95,000, this could indicate a bearish trend, potentially leading to a decline towards the support level at $90,742. Further weakness below this point might see prices drop to another support at $86,263.
Currently, Bitcoin's 14-day Relative Strength Index (RSI) stands at 49.34, suggesting it is neither overbought nor oversold. However, if the price continues to fall, it might reach the $90,742 support level before the RSI dips into oversold territory (below 30), indicating potential for a price rebound.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐ธ FDUSD vs USDC vs USDT: Everything you need to know ๐ธ
USDT, $USDC and $FDUSD are popular stablecoins in the crypto ecosystem, all pegged to the US dollar with a theoretical 1:1 backing.
USDT: Tether (USDT) is the oldest and most traded stablecoin, highly liquid and widely accepted. However, its reserve transparency has been questioned, potentially affecting its backing by USD or less liquid assets.
USDC: USD Coin (USDC), issued by Circle and Coinbase, emphasizes transparency and compliance. It's backed by dollar reserves with monthly audits, making it a favored choice in DeFi for those valuing security and openness.
FDUSD: FDUSD is less recognized, aiming for stability through diversification away from US systemic risk. Its lower liquidity and market presence might limit its utility in daily transactions and DeFi compared to USDT or USDC.
Summary: USDT is preferred for its liquidity, USDC for transparency and security, while FDUSD focuses on risk diversification. The choice depends on whether one values liquidity, transparency, or risk management.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐ Crypto Crash Hits Cardano Hard โ Can ADA Hold $1 and Start 2025 Strong? ๐
The recent crypto market downturn has significantly affected Cardano ($ADA ), though there's optimism that the worst is past and a positive trend might begin in 2025.
Cardano's price fell dramatically to $0.76 on Friday, representing over a 40% drop from its recent peak.
The Federal Reserve's announcement of only two additional rate cuts for 2025 led to a sharp decline in both stock and crypto markets.
Following the Fed's announcement, nearly $20 million in $ADA futures positions were liquidated, according to coinglass.com.
Cardano has shown signs of recovery, rebounding from $0.76 to around $0.95, surpassing its 50-day moving average, indicating the sell-off might have bottomed out.
$ADA is poised to end the current trading session with a bullish hammer candlestick pattern.
As major US economic events conclude for the year, attention is expected to shift towards positive adoption narratives for cryptocurrencies.
Cardano benefits from several bullish narratives that could drive its price upward.
These factors suggest that Cardano's price might soon reclaim $1.0, setting an optimistic tone for 2025.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐ฅ๐ Bitcoin crashes to $96,000, altcoins bleed๐๐ฅ
$BTC fell below $100,000 to $96,000, impacting altcoins and meme coins significantly. This drop, amounting to nearly 10% from its peak, was influenced by the U.S. Federal Reserve's hawkish outlook and anticipated U.S. Treasury liquidity changes in 2025.
Since Wednesday, a broad market crash has led to a loss of millions in market cap and over $200 million in derivatives positions being liquidated.
Large wallet investors have been adjusting their holdings by accumulating some tokens while taking profits on others, which gives an indication of future market trends for retail investors.
Important points
๐ Bitcoin's price fell to $96,000 on Friday, marking a nearly 10% decrease from its highest recorded value.
๐ A broad market downturn led to a 6% reduction in the overall cryptocurrency market capitalization, affecting altcoins as well.
๐ Whales, are increasing their holdings of Bitcoin, Ethereum, and Chainlink, but are selling off their stakes in $SHIB and $PEPE to realize profits.
๐ Following Bitcoin's drop below $100,000, there were liquidations amounting to more than $200 million in derivatives positions.
๐Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
๐๐ Bullish Dogecoin Price Outlook for 2025 โ When Will $DOGE Hit $1? ๐๐
Dogecoin benefits from two key factors.
The first factor is the anticipated pro-crypto policies under the new Trump administration and Congress, expected to boost the crypto industry in the US.
There's increasing discussion about establishing strategic cryptocurrency reserves in the US and globally, which could significantly impact major cryptocurrencies.These developments indicate substantial growth potential for cryptocurrencies, positioning Dogecoin, the leading meme coin, to capitalize on this trend.
The second factor is Dogecoin's close association with the Trump administration through Elon Musk's Department of Government Efficiency (D.O.G.E.), named after Dogecoin.
Musk's endorsement and involvement ensure Dogecoin remains prominent in the meme coin market, leveraging the publicity from D.O.G.E..If crypto reserves are established and the industry thrives, Dogecoin reaching $1 seems likely, with the question being when, not if.
Examining Dogecoin's performance relative to $BTC in previous market cycles can predict its future movements.Historically, Dogecoin has trailed behind Bitcoin's price surges but catches up within 1-3 months, reaching new highs.
Based on past patterns, $DOGE might break out to hit $1 in early 2025 if history repeats.