Bitcoin, after rocketing through 2024, has bounced around $100,000 over the last week as traders brace for the next price bombshell.
The bitcoin price has so far held onto its huge 2024 gains, with bets rising on an explosive 2025 as Tesla billionaire and Donald Trump advisor Elon Musk signals a return to the front lines of crypto.
Now, after the U.S. Treasury named bitcoin "digital gold," a leak has revealed Russia lawmakers are pushing for the country to create a bitcoin strategic reserve.
Russian state-owned domestic news agency RIA Novosti reported that State Duma deputy Anton Tkachev has proposed creating a Russian strategic bitcoin reserve, claiming to have obtained a copy of the document.
New People Party's Tkachev reportedly sent the proposal to Russia’s finance minister, Anton Siluanov, to "assess the feasibility of creating a strategic reserve of bitcoin in Russia," and comparing it to "state reserves in traditional currencies."
"If this initiative is approved, I ask you to submit it to the government of the Russian Federation for further implementation," the document reportedly read.
"In conditions of limited access to traditional international payment systems for countries under sanctions, cryptocurrencies are becoming virtually the only instrument for international trade. The Central Bank of Russia is already preparing to launch an experiment in cross-border settlements in cryptocurrency."
Earlier this month, Russia's president Vladimir Putin praised bitcoin as an alternative to foreign currency reserves following the seizure of its funds by Western governments in the aftermath of its invasion of Ukraine.
In July, then Republican candidate Donald Trump promised to create a "strategic national bitcoin reserve" and predicted bitcoin could eclipse gold's $16 trillion market capitalization during an appearance at the Bitcoin 2024.
$BTC maybe the short liquidation is complete now it turn to long side. Be alert and save your assets don’t listen to the guys for holding on as they just want you to be eaten by sharks and win their purpose even a single penny is worth so don’t loose it for better outcomes
BTC chart is showing drop down pressure can be it’s turning point for downstream
$BNB next supply zone is 694$ please place your order decently with stop losses at 710 and the wait for the drop, please only play with the minimum amount before confirmation otherwise losses are irreversible and one must be very cautious during trade as of volatile market
Bitcoin’s price is renowned for being highly volatile, but despite that, it has become the top performing asset of any class (including stocks, commodities and bonds) over the past decade – climbing a staggering 9,000,000% between 2010 and 2020. When the cryptocurrency was launched at the beginning of 2009, as Satoshi Nakamoto mined the bitcoin genesis block (the first-ever block on the Bitcoin blockchain), 50 BTC entered circulation at a price of $0.00.
Fifty bitcoin continued to enter circulation every block (created once every 10 minutes) until the first halving event took place in November 2012 (see below). Halvings refer to bitcoin’s issuance system, which was programmed into Bitcoin’s code by Satoshi Nakamoto. It essentially involves automatically halving the number of new BTC entering circulation every 210,000 blocks.
In February 2011, BTC’s price reached parity with the U.S dollar for the first time. The milestone encouraged new investors into the market, and over the next four months, bitcoin’s price in USD continued to rise – peaking at over $30.
By early 2013, the leading cryptocurrency had recovered from a prolonged bearish episode and rose above $1,000, albeit only briefly. But with the infamous Mt Gox hack, China announcing its first ban on crypto and other situations, it took a further four years for the BTC price to return to above $1,000 again. Once that level was passed, however, bitcoin’s price continued to surge dramatically throughout 2017 until BTC peaked at its previous long-standing all-time high of $19,850.
Over 2018, the entire crypto market plunged into what is now known as the “crypto winter” – a yearlong bear market. It wasn’t until December 2020, when bitcoin returned to test the previous all-time high, that it eventually surpassed that historical level and rose a further 239% over the next 119 days to a new all-time high of $64,799.
Trump Wants Bitcoin Monopoly | CZ's Billions Double In Jail
Soaring Binance exchange token helps elevate Zhao’s net worth as he serves four months on a felony charge.
CZ’S Net Worth Doubles While He Serves Prison Time
It was clear at the time of his sentencing in April that Changpeng Zhao’s four-month prison sentence was a slap on the wrist and that he would emerge with most of his fortune intact. But a silver lining for the founder of the Binance cryptocurrency exchange and admitted felon is that when he hits the streets in September, what looked like a $33 billion net worth is likely to be about double that amount.
Much of the added lucre is the result of research by Forbes that found Zhao’s stake in the BNBBNB 0.0% cryptocurrency owned by Binance comes to 94 million tokens, or 64% of the 147.5 million in circulation. BNB has been on a tear this year, nearly doubling to $596. The BNB credited to Zhao—widely known by his initials CZ—by dint of his 90% ownership of Binance comes in two chunks: almost 42 million that was part of 80 million granted to the founding team in 2017 and more than 52 million that was left with the exchange as a result of a 100 million-token initial coin offering that attracted purchases of fewer than 11 million tokens.
On paper, CZ’s BNB stake is worth $56 billion, but if that supply were to be dumped on the market all at once, it would almost certainly depress the price. Valuing the tokens at half the market price makes them worth $28 billion and added to the $33 billion valuation for CZ’s equity stake in the Binance exchange itself puts his estimated wealth at about $61 billion. That would jump him to 24th place on the Forbes billionaires list from 50th.
He may move higher still. In the six months since Zhao pleaded guilty to a violation of U.S. anti-money-laundering law and agreed to pay a $50 million fine, Binance has gained market share among crypto exchanges. The valuation of CZ’s 90% stake remains unchanged and would likely increase if the company’s results improve.#CZBİNANCE
$BTC December 5 was a big day for the cryptocurrency market; it was on that day that the market achieved the milestone of $100K. Unfortunately, the market could not stay above the range for long; at the time of close on December 5, the market plummeted to $96,902.91.
Although between December 6 and 8, the market witnessed a growth of 4.2%, pushing the price again above the $100K range, in the next couple of days, the market saw the price sharply dropping by at least 4.4%. The market has not yet recovered from the fall. Let’s example what’s holding BTC back, and whether the market can break past $100,000 sustainably.
Liquidity Inflows Slow Down Among the two key reasons that are holding Bitcoin back, the primary one is liquidity.
Reports say that inflows from stablecoins, BTC ETFs and futures markets have reduced considerably in the last 30 days. The Liquidity Impulse chart shows that inflows have sharply dropped from $15 billion to $7 billion.
Strong activity in channels, including stablecoins, BTC ETFs and futures, is necessary for the growth of Bitcoin.
Want to know where Bitcoin is heading next? Read Bitcoin Price Prediction to uncover expert insights and potential market trends!
Nvidia’s Impact on Bitcoin’s Price Secondly, since December 5, the price of NVIDIA Corporation has slipped by over 6.8%. Experts claim that there is a strong correlation between NVIDIA and Bitcoin.
Last year, both BTC and NVDA showed impressive performance; the NVDA market grew by approximately 245.53%, while the BTC market surged by over 155.4%.
This year, also, NVIDIA has outperformed Bitcoin. The NVIDIA market has raisen over 180% so far, while Bitcoin has grown just a little more than 130%.
Although in November 2024, Bitcoin demonstrated an impressive growth of 37.4% – the highest monthly return since February, it was a miserable period for NVIDIA, which could only secure a minor growth of 2.68%.
This month, the NVDA market opened at $138.67. Between December 3 and 4, it climbed from $138.22 to a peak of over $145.13. Since then, it has dropped by 6.89%
The image advertises a free $MAJOR token airdrop with a launch scheduled soon. A total of 150,000 $MAJOR tokens are indicated, accompanied by visual cues like a star symbol and floating cash, representing value and opportunity. A small logo in the corner suggests association with the TON (The Open Network) ecosystem, a blockchain platform widely recognized for its scalability and efficiency
What Is $MAJOR?
$MAJOR represents a new token associated with TON blockchain technology, focusing on scalability, security, and community-driven initiatives. Designed to reward early supporters, this token has created a buzz within crypto circles as it offers free allocations through an airdrop.
Why Should You Care About the Airdrop?
1. Limited Supply: A total of 150,000 $MAJOR tokens are set to be distributed during the airdrop phase.
2. Community Incentives: Airdrops are an excellent way for blockchain projects to build communities while rewarding active participants.
3. TON Ecosystem Advantage: As a TON-associated token, $MAJOR benefits from one of the fastest-growing blockchain networks, known for its low fees and high transaction throughput.
Price Speculation and Market Expectations
While the airdrop provides free tokens, the value of $MAJOR after its launch will depend on various factors:
How to Claim the $MAJOR Airdrop
To ensure you don't miss out:
1. Stay Updated: Follow official $MAJOR channels for announcements.
2. Secure Your Wallet: Use a TON-compatible wallet to receive your tokens.
3. Participate Early: Airdrop opportunities are often first-come, first-served, so act fast!
Airdrops like $MAJOR represent a golden opportunity for crypto enthusiasts to get in on the ground floor of innovative projects. With its foundation in the TON blockchain and a clear focus on rewarding early participants, $MAJOR has the potential to be a significant player in the decentralized finance landscape.
Keep an eye on updates for the official launch and claim your free $MAJOR tokens today!
$XRP XRP Price Insights: Current Trends and Predictions
Understanding XRP Price Movements and Its Future Potential XRP, developed by Ripple Labs, continues to make headlines with its dynamic price movements and strong performance in the cryptocurrency market.
As of December 2024, XRP’s value reflects its growing adoption and regulatory clarity, making it one of the most discussed cryptocurrencies today.
Current XRP Price and Market Performance XRP is currently trading at $2.33 USD, marking a significant rise in its valuation. This surge has elevated XRP to the third position among cryptocurrencies, with a market capitalization exceeding $134 billion. Increased trading volumes and investor interest have propelled its performance in recent months.
Factors Driving XRP’s Recent Price Surge Institutional Adoption: Financial institutions are increasingly leveraging Ripple’s blockchain solutions, enhancing XRP’s demand and credibility. Regulatory Developments: Ripple’s favorable legal outcomes with the SEC have reduced uncertainty, fostering greater investor confidence. Market Sentiment: A bullish trend in the broader cryptocurrency market has contributed to XRP’s upward momentum. XRP Price Predictions: What Lies Ahead? Experts offer varying predictions for XRP’s future:
Short-Term Forecast: Analysts project XRP could reach $4.34 by the end of 2025, driven by increased adoption and strategic partnerships. Long-Term Potential: Some optimistic forecasts suggest XRP could hit $1,000 in the distant future. However, this depends on widespread adoption and significant market developments. Is XRP a Good Investment Now? Market sentiment currently favors XRP, with approximately 88% of technical indicators showing a bullish outlook. Over the last 30 days, XRP has experienced 42.19% price volatility, signaling both opportunities and risks for investors.
Before investing, consider the following: Market Conditions: Keep an eye on global economic trends and regulatory changes.
The Cardano network, founded in 2017, is a decentralized proof-of-stake (PoS) network similar to Ethereum. It seeks to sustainably enhance the security and scalability of the blockchain networks without compromising the environment. Energy-intensive networks like Bitcoin rely on a proof-of-work (PoW) consensus mechanism to maintain network functionality. However, PoW is energy-demanding, raising concerns at scale. Cardano’s PoS consensus, Ouroboros, has emerged as a leading alternative to PoW.
Touted as the first blockchain built on peer-reviewed research, Cardano seeks to be a decentralized app (dApp) homeland built to scale. ADA is the native token used in the Cardano ecosystem. ADA can be used as a store of value or investment and a peer-to-peer exchange, offering transaction fee payment and staking on the network by validators.
Cardano Price History and Market Position
Cardano, the 9th largest cryptocurrency by market capitalization, has increased over 63% since last year. Many altcoins like XRP, LINK and AVAX have seen similar corrections. Over the past seven days alone, ADA has increased by around 41%. As a leading application protocol among developers, Cardano is a strong adversary of Ethereum. As Cardano continues to refine and iterate its network, it could become increasingly valuable to developers, users and investors. In a bull case, many speculate that ADA can make a strong run; however, it is hard to know for sure.
Coin Edition’s Bullish Long-Term Price Prediction for Cardano
Coin Edition is a popular outlet among Web3 enthusiasts. Using a combination of technical indicators like relative strength index (RSI), Bollinger Bands and Volume Accumulation Percentage Indicator (VAPI), Coin Edition predicts ADA could hit $3.20 in 2025 and $2.491 in 2026. This represents around 445% and 324% increases from current levels. Coin Edition indicates that the recent BTC halving could incite a bull market where ADA and other altcoins can grow.
$XRP Market Expert: Not Long On XRP? You’re ‘Disrespecting’ Yourself
Analysts continue to believe in the potential price surge of XRP, predicting that it is still feasible that the crypto will hit the $3 mark.
A market observer even claimed that XRP is on track for a massive price rally in the ongoing digital asset bull market as many cryptocurrencies are hitting all-time highs due to the positive outlook on the industry.
XRP Could Hit $3
Analysts are confident that XRP is still on the way to reaching $3 per coin, saying that the recent pullback in its price does not dampen the enthusiasm of market experts on crypto.
They added that despite the price dip, investors continue to have a positive sentiment on its future.
WallStreetBets, a pseudonymous analyst, emphasized in a post the significance of being bullish on XRP as the coin experiences the ebbs and flows before being catapulted to the $3 level.
“If you’re not long XRP right now, you don’t respect yourself,” WallStreetBets wrote in an X post.
Precursor To New Heights
Analyst CW believed that the current pullback being experienced by XRP could be a precursor for something great for the coin, saying that it could propel the crypto to even greater heights.
CW predicted that the next target for XRP could be $3.75 once the correction is concluded.
For WallStreetBets, XRP slipping at the low end of $2 could be a good sign for those who have not invested in the crypto, arguing it could be viewed as giving them a chance to join the XRP community.
Data shows that in the last three days, XRP decreased by nearly 16% and is currently being traded at $2.3. Despite this correction, WallStreetBets and other analysts are still optimistic about the crypto, seeing the pullback as preparing the coin for a prolonged uptrend.Getting Through The Resistance Level
Currently, SUI is moving near the Resistance lines and the Potential Reversal Zone; as you see in 4h channel. SUI has been increase about 360% in two months. It seems that according to the good news that has come for the Sui project, the increase of the SUI token may continue, but it will experience a correction to increase again. I expect SUI correction can be 20% - 30%. Follow the chart.