El Salvador joins hands with the IMF, and cryptocurrencies suffer!
Meme coins are popular, and Bitcoin plummets
It's almost the end of the year, let's talk about cryptocurrencies such as BTC, ETH, and XRP, as well as the top ten coins that may be popular in the first quarter of 2025.
Recently, El Salvador and the IMF made a big news, signing a $1.4 billion agreement to adjust Bitcoin policy. As a result, the cryptocurrency market immediately fell.
But do you know? At this time, Meme coins are popular! Solana's Fartcoin rose 608% at once, which is really enviable.
Bitcoin fell 3.32% and is now $97,697. In 24 hours, the price was like a roller coaster, with a high of $102,747 and a low of $95,537. The market value is $2.05 trillion, and the trading volume is a little less, $39.57 billion.
Why did it fall? Mainly, the spot Bitcoin ETF has run $682 million, and big companies like Fidelity and Grayscale are withdrawing funds.
Ethereum is also not doing well, falling 6.52% and now $3,420. Grayscale's Ethereum ETF has also run $58.13 million. Although companies like Fidelity have some inflows, the overall decline is still there.
Solana has also suffered, falling 6.09% and now $196.56. Although the trading volume has increased a bit, it still can't stop the decline.
However, Meme coins have risen against the trend. Fartcoin is an example. Since December 5, it has risen 608%, and its market value has reached $1.18 billion. It seems that high-risk, high-return still has people chasing.
XRP has also experienced twists and turns. After the launch of the RLUSD stablecoin, it fell 13%, and then returned to 1.51%. Although the increase is not much, investor confidence has begun to recover.
The market looks very uncertain now, and traders are looking for opportunities to make profits. Bitcoin and Ethereum may fall again. But don't lose heart. If the SEC approves a new ETF, cryptocurrencies will be more integrated into mainstream finance and the market will be stable.
The Fear and Greed Index is now 62. Investors are still cautious and not panicking. Friends who want to pay attention to the market should be prepared for more fluctuations.
In short, the market is unpredictable, and the real test is still to come!
For the next layout direction, I will lead everyone to target the profit opportunities of cottages, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and I will lead you to layout the entire bull market!
