🚨Crypto Facing $1.2 Billion Liquidation Bloodbath as XRP, DOGE, and ADA Record Stunning Losses🚨

Over the past 24 hours, more than $1.2 billion worth of cryptocurrency has been liquidated, according to CoinGlass data. The vast majority of this liquidation, about $1.07 billion, was due to long positions being wiped out.

The largest individual liquidation occurred on Binance, where a trader lost almost $16 million. Binance topped the list of platforms with the highest total liquidations, amounting to $546 million.

Earlier today, Bitcoin's price dropped to a low of $96,682, as per CoinGecko, marking a nearly 7% decline within the past 24 hours.

Altcoins have been hit even harder, with $XRP token plummeting by up to 10%. Other major cryptocurrencies, including $DOGE and $ADA , have also seen significant losses, with declines of 19.4% and 15.7%, respectively.

The recent downturn in the crypto market follows a shift in sentiment after the US Federal Reserve suggested it would scale back its easing measures in 2025, following a "hawkish" rate cut stance. This has led to a reduced outlook for risk assets, with only two rate cuts expected in 2025.

US stocks have also come under pressure, with the Dow Jones recently experiencing its longest losing streak in 50 years.

Matt Hougan, Chief Investment Officer at Bitwise, commented that higher interest rates negatively impact risk assets and that the Fed’s announcement contributed to a sharp market pullback. He also highlighted the role of leverage in amplifying the recent market correction, stating, "Leverage is a fact of life in crypto, and when sharp market pullbacks occur, leveraged positions are often liquidated."
#MarketCorrectionBuyOrHODL #MarketPullback #Fed25bpRateCut

🚨El Salvador makes $BTC payments voluntary in $1.4B IMF loan deal🚨

El Salvador is set to make $BTC acceptance by merchants voluntary, reduce its involvement with the Chivo wallet, and limit public sector engagement with $BTC as part of a $1.4 billion loan agreement with the International Monetary Fund (IMF).

The country will receive $1.4 billion over 40 months, aiming to reduce its debt-to-GDP ratio. In return, El Salvador agreed to IMF's conditions, including only accepting taxes in US dollars and gradually scaling back government involvement in Bitcoin.

El Salvador has been buying Bitcoin since 2021 and now holds around 5,969 Bitcoin, worth about $602 million. The agreement, which still requires IMF Executive Board approval, ends four years of negotiations and marks a shift away from President Nayib Bukele's Bitcoin push.

Despite Bukele's stance, the IMF has long criticized Bitcoin’s speculative nature. The deal could unlock additional loans from other institutions, totaling over $3.5 billion. A recent survey showed that 92% of Salvadorans don't use Bitcoin for transactions, up from 88% in 2023.
#Bitcoin❗ #bitcoinnewsupdate #MarketPullback

#CryptoUsersHit18M
$BNB
🔥Record Surge in Daily Active Users in the Global Cryptocurrency Market🔥🎉

As reported by BlockBeats, data sourced from Token Terminal indicates that the global cryptocurrency market witnessed an unprecedented surge in daily active users in December. The number of users reached an all-time high of 18.7 million, a notable increase compared to earlier in the year. In January, the figure was considerably lower, standing at just 7.7 million. This sharp rise highlights the growing adoption and engagement within the cryptocurrency space, reflecting a broader trend of increased interest and activity among users worldwide. The spike in active users not only demonstrates the expansion of the market but also underscores the increasing influence of digital assets as a mainstream financial tool.

🤔Is there big rally ahead for $XRP ?🔥🔥

XRP's price has been on the rise since it broke out from the $2.320 level, showing signs of further upward movement with the potential to surpass the $2.55 resistance. The price surged above the $2.40 mark, following the positive momentum in Bitcoin and Ethereum, and continued to break through key resistance levels at $2.45 and $2.50.

Additionally, $XRP broke through a bearish trendline with resistance at $2.44 on the hourly chart, briefly spiking above $2.55 before encountering selling pressure. The peak was at $2.5870, after which the price entered a consolidation phase.

Afterward, $XRP saw a slight pullback below the $2.5250 mark, testing the 50% Fibonacci retracement level from the recent low of $2.3272 to the high of $2.5870.

🤔Another Drop?
If XRP struggles to surpass the $2.525 resistance, it might face further downward pressure. Initial support is near $2.4550, with stronger support levels around $2.420 and the 61.8% Fibonacci retracement from the recent price movement. A significant break below $2.420 could push the price toward the next support at $2.320, with further downside potential toward the $2.250 zone.
#xrpsucess #Xrp🔥🔥 #XRPPredictions #XRPGoal #FullMarketBullRun

💰Hedera to Be Integrated With Chainlink🎟️🎟️

In its recent announcement, Hedera has informedd that Chainlink Data Feeds and Proof-of-Reserves (PoR) are now live on its network. This integration aims to enhance the development of institutional decentralized finance (DeFi) and real-world asset (RWA) applications on Hedera. #HederaHashgraph #HederaNetwork #hedera

💰2.50% of $OP Tokens Will Be Unlocked on December 31st🎟️🎟️

Optimism will unlock 31,340,000 $OP tokens on December 31st, constituting approximately 2.50% of the currently circulating supply.

Optimism is a Layer 2 (L2) solution designed to enhance the speed and scalability of the Ethereum network. The project aims to improve performance and transaction speed on Ethereum while reducing costs.

The Optimism system is compatible with standard Ethereum development tools such as Solidity and the Ethereum Virtual Machine (EVM), making it easy for developers to migrate their applications to this platform.

OP is the native governance token. The token can be used to participate in project governance within the Optimism Collective community and to vote on protocol upgrades and fund distribution.

💰2.19% of $SUI Tokens Will Be Unlocked on January 1st🎟️🎟️

In its recent announcement, Sui informed that it will unlock 64,190,000 $SUI tokens on January 1st, constituting approximately 2.19% of the currently circulating supply. #SUI🔥 #suiunlock #SuiHitsNewATH

🚨Hacker Exploits Dogecoin Vulnerability, Crashes 69% of Network Nodes🚨

$DOGE , one of the most famous meme coins, faced a major setback on December 12 when a hacker took advantage of a weakness in the network, causing 69% of its nodes to crash.

The attack was carried out by Andreas Kohl, a co-founder of the Bitcoin sidechain Sequentia, and showed how fragile the Dogecoin network is. This raised serious concerns about the security of cryptocurrency systems in general.

Before the attack, Dogecoin had 647 active nodes, but after the exploit, that number dropped to just 205. Since then, it has recovered slightly to 315, but the network is still running at reduced capacity.

The vulnerability, called "DogeReaper," allows anyone to crash a Dogecoin node remotely. Experts warned that this could have brought down the entire network, causing major disruptions and halting transactions for days.

The attack has brought attention to Dogecoin's security flaws, with many in the community criticizing how the issue was handled. However, some also believe Kohl's actions will help improve the open-source nature of Dogecoin, and a fix is expected soon, similar to what developers did for $ADA . #dogevulnerability #SecurityFirst
#doge⚡

In recent announcement, Cardano will unlock 18,530,000 $ADA tokens on December 16th, constituting approximately 0.05% of the currently circulating supply. #AdaFundamentals

Solana Surpasses Ethereum as Top Ecosystem for New Developers in 2024: Report

Electric Capital's 2024 Developer Report has revealed that for the first time since 2016, $SOL outpaced $ETH as the leading blockchain ecosystem for attracting new developers.

The breakthrough highlights Solana's rapid growth, with 7,625 new devs joining the network in the last 12 months, representing an 83% year-over-year increase in Developer Activity.

The report, released on December 12, looked at more than 902 million code commits across 1.7 million repositories, showing that Solana's developer community is the fastest-growing among large blockchain networks. #Solana_Blockchain #Solanaecosystem #SolanaProjects

XRP Goes Live on Yet Another Exchange

As reported by U.Today, $XRP one of the leading cryptocurrencies by market capitalization, has started trading on Arkham Exchange, according to a Friday announcement.

The Ripple-affiliated token is now available for both spot and futures trading.

The token experienced a breathtaking rally in November, vastly outperforming other major altcoins such as $ETH and $SOL

This is a sharp contrast to the predicament that the XRP token faced in early 2021. Back then, it was delisted from all major exchanges in the US due to regulatory uncertainty in the wake of the SEC's lawsuit against Ripple. The cryptocurrency was also close to leaving the CoinMarketCap top 10.

However, Coinbase, Bitstamp, and other exchanges ended up relisting the token last year after a New York District Court ruling stated that secondary XRP sales were not securities.

XRP is now expected to benefit from the SEC's new leadership which is widely expected to dramatically soften the agency's stance on crypto.

The token ended up briefly surpassing the $2.8 mark before giving up some gains.

After the blistering rally, the token's price seemingly remains in limbo, currently trading at $2.43. Yet, some traders believe that it has more room to run. #XRPGoal #Xrp🔥🔥 #xrpsucess

*XRP Joins AI Hype Train with $100 Million Investment*

There is a new development in the cryptocurrency world that has people talking. $XRP , which has been flying under the radar lately, is set to benefit from a $100 million investment in artificial intelligence development. The commitment comes from KaJ Labs, the developer behind Atua Al, a platform focused on on-chain enterprise solutions. Their plan is to integrate advanced Al tools into the $XRP ecosystem, enhancing its functionality within decentralized finance (DeFi) and enterprise operations.

This is not just about money. Atua Al wants to use $XRP Ledger's scalability and efficiency to build tools that make automation better, help with decision-making and make operations for global companies easier. The goal is practical but ambitious, focusing on real-time analytics, predictive insights and automated work flows - all driven by Al within a decentralized framework.

The $100 million fund is earmarked for research, development and the deployment of specialized Al solutions tailored to XRP-based platforms. Atua Al's strategy reflects a growing shift in the tech world, where the convergence of blockchain and Al is opening doors to new possibilities. #XRPGoal #Xrp🔥🔥 #xrpsucess