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#XmasCryptoMiracles
US STATES PLAN TO CREATE STRATEGIC BITCOIN RESERVES
Several states in the United States are considering creating strategic Bitcoin reserves to increase financial stability and protect against inflation. Pennsylvania Representative Mike Cabell has introduced a bill that would invest up to 10% of state funds in Bitcoin. Cabell said the move would be a hedge against inflation.
Similarly, Ohio Representative Derek Merrin has introduced a bill called the “Ohio Bitcoin Reserve Act.” The bill would establish a Bitcoin reserve fund within the state treasury and temporarily invest public funds in Bitcoin. Merrin said the initiative aligns with Ohio’s goals of supporting innovation in crypto assets and protecting public funds from depreciation.
According to an analysis by asset management firm VanEck, if the US were to create 1 million Bitcoin reserves, the national debt could be reduced by 35% by 2049. This estimate is in line with a proposal by Senator Cynthia Lummis.
However, these initiatives have also faced some criticism. Critics argue that Bitcoin’s price volatility could put public funds at risk and that such an investment could pose potential risks to taxpayers.
🔥🔥🔥 As a result, while state-level Bitcoin reserves are gaining momentum in the US, debate continues over whether these steps will provide financial stability and protection against inflation❗️
#escoin #elg
US STATES PLAN TO CREATE STRATEGIC BITCOIN RESERVES
Several states in the United States are considering creating strategic Bitcoin reserves to increase financial stability and protect against inflation. Pennsylvania Representative Mike Cabell has introduced a bill that would invest up to 10% of state funds in Bitcoin. Cabell said the move would be a hedge against inflation.
Similarly, Ohio Representative Derek Merrin has introduced a bill called the “Ohio Bitcoin Reserve Act.” The bill would establish a Bitcoin reserve fund within the state treasury and temporarily invest public funds in Bitcoin. Merrin said the initiative aligns with Ohio’s goals of supporting innovation in crypto assets and protecting public funds from depreciation.
According to an analysis by asset management firm VanEck, if the US were to create 1 million Bitcoin reserves, the national debt could be reduced by 35% by 2049. This estimate is in line with a proposal by Senator Cynthia Lummis.
However, these initiatives have also faced some criticism. Critics argue that Bitcoin’s price volatility could put public funds at risk and that such an investment could pose potential risks to taxpayers.
🔥🔥🔥 As a result, while state-level Bitcoin reserves are gaining momentum in the US, debate continues over whether these steps will provide financial stability and protection against inflation❗️
#escoin #elg
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RIPPLE and RLUSD STABLECOIN
#MarketRebound #elg #escoin #Xrp🔥🔥 #btc
Ripple has launched its new stablecoin, RLUSD, which is backed one-to-one by the US dollar. The asset aims to increase access to the decentralized finance (DeFi) ecosystem by operating on the XRP Ledger and Ethereum blockchains.
RLUSD has proven its regulatory compliance by receiving approval from the New York Department of Financial Services (NYDFS). Ripple CEO Brad Garlinghouse described the development as “a stablecoin launched under the highest regulatory standards in the world.”
Initially listed on exchanges such as Uphold, Bitso, MoonPay, Archax and CoinMENA, RLUSD plans to be available on more platforms in the future. It is also expected to be integrated into the Ripple Payments network in early 2025, providing speed and cost advantages in institutional payments.
Analysts say that RLUSD could put Ripple in a competitive position in the stablecoin market and challenge existing players like Tether.
As a result, the launch of RLUSD has the potential to increase Ripple’s influence in the DeFi space, providing broader financial services for users and institutions.
References:
1. Cointelegraph. “Ripple Labs’ RLUSD stablecoin: Everything you need to know.” 
2. Finance Magnates. “Ripple RLUSD Stablecoin Integrates with XRP Ledger and ETH Blockchains.”
3. FinTech Magazine. “Ripple Launches New USD Stablecoin Globally.” 
4. Barron’s. “XRP Price Soars After Ripple Launches New Stablecoin Token.”
$BTC $XRP
#MarketRebound #elg #escoin #Xrp🔥🔥 #btc
Ripple has launched its new stablecoin, RLUSD, which is backed one-to-one by the US dollar. The asset aims to increase access to the decentralized finance (DeFi) ecosystem by operating on the XRP Ledger and Ethereum blockchains.
RLUSD has proven its regulatory compliance by receiving approval from the New York Department of Financial Services (NYDFS). Ripple CEO Brad Garlinghouse described the development as “a stablecoin launched under the highest regulatory standards in the world.”
Initially listed on exchanges such as Uphold, Bitso, MoonPay, Archax and CoinMENA, RLUSD plans to be available on more platforms in the future. It is also expected to be integrated into the Ripple Payments network in early 2025, providing speed and cost advantages in institutional payments.
Analysts say that RLUSD could put Ripple in a competitive position in the stablecoin market and challenge existing players like Tether.
As a result, the launch of RLUSD has the potential to increase Ripple’s influence in the DeFi space, providing broader financial services for users and institutions.
References:
1. Cointelegraph. “Ripple Labs’ RLUSD stablecoin: Everything you need to know.” 
2. Finance Magnates. “Ripple RLUSD Stablecoin Integrates with XRP Ledger and ETH Blockchains.”
3. FinTech Magazine. “Ripple Launches New USD Stablecoin Globally.” 
4. Barron’s. “XRP Price Soars After Ripple Launches New Stablecoin Token.”
$BTC $XRP
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TURKEY REQUIRES IDENTITY VERIFICATION IN CRYPTOCURRENCIES
#binance #escoin
Turkey has introduced new cryptocurrency regulations to combat money laundering and the financing of terrorism. According to the regulations published in the Official Gazette, users will be required to provide their identity information to crypto service providers for transactions exceeding 15,000 Turkish Lira (approximately 425 US Dollars).
These regulations are inspired by international practices such as Europe's Markets and Crypto Assets (MiCA) framework. Turkey's crypto market ranks fourth in the world with a transaction volume of $170 billion as of September 2023.
The new regulations will enter into force on February 25, 2025. From this date on, crypto service providers will also perform identity verification for transactions from wallet addresses that have not been previously registered. If the required information is not provided, such transactions may be classified as “risky” and may be stopped.
In 2024, increased activity was observed among crypto firms in Turkey. The Capital Markets Board (SPK) received 47 license applications until August. These applications increased after the “Law on Amendments to the Capital Markets Law” came into force in July and provides a regulatory framework for crypto asset service providers.
In conclusion, Turkey’s new crypto regulations are an important step in the fight against financial crimes and aim to create a safer and more transparent environment for the sector.
References:
• Cointelegraph. “Turkey introduces stricter crypto AML regulations.” December 25, 2024. 
• CoinEdition. “Turkey Rolls Out Tougher Crypto Rules to Prevent Money Laundering and Terrorism Financing.” December 25, 2024. 
• CoinJournal. “Turkey rolls out new crypto AML regulations.” December 25, 2024. 
#ReboundRally #elg $BTC $ETH
#binance #escoin
Turkey has introduced new cryptocurrency regulations to combat money laundering and the financing of terrorism. According to the regulations published in the Official Gazette, users will be required to provide their identity information to crypto service providers for transactions exceeding 15,000 Turkish Lira (approximately 425 US Dollars).
These regulations are inspired by international practices such as Europe's Markets and Crypto Assets (MiCA) framework. Turkey's crypto market ranks fourth in the world with a transaction volume of $170 billion as of September 2023.
The new regulations will enter into force on February 25, 2025. From this date on, crypto service providers will also perform identity verification for transactions from wallet addresses that have not been previously registered. If the required information is not provided, such transactions may be classified as “risky” and may be stopped.
In 2024, increased activity was observed among crypto firms in Turkey. The Capital Markets Board (SPK) received 47 license applications until August. These applications increased after the “Law on Amendments to the Capital Markets Law” came into force in July and provides a regulatory framework for crypto asset service providers.
In conclusion, Turkey’s new crypto regulations are an important step in the fight against financial crimes and aim to create a safer and more transparent environment for the sector.
References:
• Cointelegraph. “Turkey introduces stricter crypto AML regulations.” December 25, 2024. 
• CoinEdition. “Turkey Rolls Out Tougher Crypto Rules to Prevent Money Laundering and Terrorism Financing.” December 25, 2024. 
• CoinJournal. “Turkey rolls out new crypto AML regulations.” December 25, 2024. 
#ReboundRally #elg $BTC $ETH
See original
RIPPLE WITH RLUSD STABLECOIN ....
#MarketRebound #elg #escoin #doge
Ripple has launched its new stablecoin, RLUSD, which is backed one-to-one by the US dollar. This asset aims to increase access to the decentralized finance (DeFi) ecosystem by operating on the XRP Ledger and Ethereum blockchains.
RLUSD has proven its regulatory compliance by receiving approval from the New York Department of Financial Services (NYDFS). Ripple CEO Brad Garlinghouse described this development as “a stablecoin launched under the world’s highest regulatory standard.”
Initially listed on exchanges such as Uphold, Bitso, MoonPay, Archax and CoinMENA, RLUSD plans to be included on more platforms in the future. It is also aimed to be integrated into the Ripple Payments network in early 2025, providing speed and cost advantages in corporate payments.
Analysts say that RLUSD could position Ripple to compete in the stablecoin market and challenge existing players like Tether.
As a result, the launch of RLUSD has the potential to increase Ripple’s influence in the DeFi space, providing broader financial services for users and institutions.#binance#escoin #btc#elg
Sources:
1. Cointelegraph. “Ripple Labs’ RLUSD stablecoin: Everything you need to know.” 
2. Finance Magnates. “Ripple RLUSD Stablecoin Integrates with XRP Ledger and ETH Blockchains.”
3. FinTech Magazine. “Ripple Launches New USD Stablecoin Globally.” 
4. Barron’s. “XRP Price Soars After Ripple Launches New Stablecoin Token.”
$BTC $XRP
#MarketRebound #elg #escoin #doge
Ripple has launched its new stablecoin, RLUSD, which is backed one-to-one by the US dollar. This asset aims to increase access to the decentralized finance (DeFi) ecosystem by operating on the XRP Ledger and Ethereum blockchains.
RLUSD has proven its regulatory compliance by receiving approval from the New York Department of Financial Services (NYDFS). Ripple CEO Brad Garlinghouse described this development as “a stablecoin launched under the world’s highest regulatory standard.”
Initially listed on exchanges such as Uphold, Bitso, MoonPay, Archax and CoinMENA, RLUSD plans to be included on more platforms in the future. It is also aimed to be integrated into the Ripple Payments network in early 2025, providing speed and cost advantages in corporate payments.
Analysts say that RLUSD could position Ripple to compete in the stablecoin market and challenge existing players like Tether.
As a result, the launch of RLUSD has the potential to increase Ripple’s influence in the DeFi space, providing broader financial services for users and institutions.#binance#escoin #btc#elg
Sources:
1. Cointelegraph. “Ripple Labs’ RLUSD stablecoin: Everything you need to know.” 
2. Finance Magnates. “Ripple RLUSD Stablecoin Integrates with XRP Ledger and ETH Blockchains.”
3. FinTech Magazine. “Ripple Launches New USD Stablecoin Globally.” 
4. Barron’s. “XRP Price Soars After Ripple Launches New Stablecoin Token.”
$BTC $XRP
See original
FLUCTUATIONS IN THE CRYPTOCURRENCY MARKET ...
#elg #escoin #doge #xrp #BTC
On December 23, 2024, significant fluctuations were experienced in the Bitcoin (BTC) and Ethereum (ETH) markets. BTC recovered to the level of 93.500$ in the morning hours, remaining below the previous jump. It then rose to the level of 96.500$ and fell again. While the intraday trading range was fluctuating, the market started to decline again with the opening of the US stock exchanges and fell below the support level of 93.500$ , pausing around 92.800$ . At this level, the continuation of the declines was limited.... It started to rise again today, let's see if the fluctuations will continue.
#elg #escoin #doge #xrp #BTC
On December 23, 2024, significant fluctuations were experienced in the Bitcoin (BTC) and Ethereum (ETH) markets. BTC recovered to the level of 93.500$ in the morning hours, remaining below the previous jump. It then rose to the level of 96.500$ and fell again. While the intraday trading range was fluctuating, the market started to decline again with the opening of the US stock exchanges and fell below the support level of 93.500$ , pausing around 92.800$ . At this level, the continuation of the declines was limited.... It started to rise again today, let's see if the fluctuations will continue.
See original
RIPPLE STARTS A NEW ERA IN THE DEFI WORLD WITH RLUSD STABLECOIN
#MarketRebound
Ripple has launched its new stablecoin, RLUSD, which is backed one-to-one by the US dollar. The asset aims to increase access to the decentralized finance (DeFi) ecosystem by operating on the XRP Ledger and Ethereum blockchains.
RLUSD has proven its regulatory compliance by receiving approval from the New York Department of Financial Services (NYDFS). Ripple CEO Brad Garlinghouse described this development as “a stablecoin launched under the highest regulatory standards in the world.”
Initially listed on exchanges such as Uphold, Bitso, MoonPay, Archax and CoinMENA, RLUSD plans to be featured on more platforms in the future. It is also aimed to be integrated into the Ripple Payments network in early 2025, providing speed and cost advantages in corporate payments.
Analysts say that RLUSD could bring Ripple into a competitive position in the stablecoin market and challenge existing players like Tether.
As a result, the launch of RLUSD has the potential to increase Ripple’s influence in the DeFi space, providing broader financial services for users and institutions.
#binance #escoin #btc #elg
Sources:
1. Cointelegraph. “Ripple Labs’ RLUSD stablecoin: Everything you need to know.” 
2. Finance Magnates. “Ripple RLUSD Stablecoin Integrates with XRP Ledger and ETH Blockchains.”
3. FinTech Magazine. “Ripple Launches New USD Stablecoin Globally.” 
4. Barron’s. “XRP Price Soars After Ripple Launches New Stablecoin Token.”
$BTC $XRP
#MarketRebound
Ripple has launched its new stablecoin, RLUSD, which is backed one-to-one by the US dollar. The asset aims to increase access to the decentralized finance (DeFi) ecosystem by operating on the XRP Ledger and Ethereum blockchains.
RLUSD has proven its regulatory compliance by receiving approval from the New York Department of Financial Services (NYDFS). Ripple CEO Brad Garlinghouse described this development as “a stablecoin launched under the highest regulatory standards in the world.”
Initially listed on exchanges such as Uphold, Bitso, MoonPay, Archax and CoinMENA, RLUSD plans to be featured on more platforms in the future. It is also aimed to be integrated into the Ripple Payments network in early 2025, providing speed and cost advantages in corporate payments.
Analysts say that RLUSD could bring Ripple into a competitive position in the stablecoin market and challenge existing players like Tether.
As a result, the launch of RLUSD has the potential to increase Ripple’s influence in the DeFi space, providing broader financial services for users and institutions.
#binance #escoin #btc #elg
Sources:
1. Cointelegraph. “Ripple Labs’ RLUSD stablecoin: Everything you need to know.” 
2. Finance Magnates. “Ripple RLUSD Stablecoin Integrates with XRP Ledger and ETH Blockchains.”
3. FinTech Magazine. “Ripple Launches New USD Stablecoin Globally.” 
4. Barron’s. “XRP Price Soars After Ripple Launches New Stablecoin Token.”
$BTC $XRP
See original
HOW DID THE US GOVERNMENT NOT SHUT DOWN FIND A RESPONSE IN THE MARKET..
#elg #escoin #doge #xrp #bake
US House Speaker Johnson's statement "The government will not shut down. An agreement has been reached on government financing. The vote will be held today." had a positive impact on the cryptocurrency markets. With this development, Bitcoin (BTC) fell again after rising..
it seems like the end of the year will be stagnant...
#elg #escoin #doge #xrp #bake
US House Speaker Johnson's statement "The government will not shut down. An agreement has been reached on government financing. The vote will be held today." had a positive impact on the cryptocurrency markets. With this development, Bitcoin (BTC) fell again after rising..
it seems like the end of the year will be stagnant...
See original
#ChristmasMarketAnalysis
FLUCTUATIONS CONTINUE IN THE CRYPTOCURRENCY MARKET
On December 23, 2024, significant fluctuations were experienced in the Bitcoin (BTC) and Ethereum (ETH) markets. BTC recovered to $ 93,500 in the morning hours and remained below the previous jump. It then rose to $ 96,500 and fell again. While the intraday trading range was fluctuating, the market fell again with the opening of the US stock exchanges and paused around $ 92,800, falling below the $ 93,500 support. At this level, the continuation of the declines was limited.
In the daily charts, it was observed that the price was close to the lower limit of the Bollinger Band, but did not directly break this band. This situation shows that the market is in the consolidation phase and there is a potential recovery area. On the 4-hour charts, it is stated that the price is not permanent below the $93,000 level, with the support of the opening data of the US stock exchanges, and that this level may be a preparation for future increases.
Analysts evaluate pullbacks as buying opportunities in current market conditions. In particular, long positions are recommended for BTC in the range of $92,700-$93,200, while the first target is $95,000. For ETH, it is recommended to buy in the range of $3,270-$3,300 and target the $3,400 level.
As a result, while fluctuations continue in the cryptocurrency markets, it is important for investors to determine their strategies by taking into account the support and resistance levels.
#binance #escoin #btc #elg $BTC $ETH
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️
FLUCTUATIONS CONTINUE IN THE CRYPTOCURRENCY MARKET
On December 23, 2024, significant fluctuations were experienced in the Bitcoin (BTC) and Ethereum (ETH) markets. BTC recovered to $ 93,500 in the morning hours and remained below the previous jump. It then rose to $ 96,500 and fell again. While the intraday trading range was fluctuating, the market fell again with the opening of the US stock exchanges and paused around $ 92,800, falling below the $ 93,500 support. At this level, the continuation of the declines was limited.
In the daily charts, it was observed that the price was close to the lower limit of the Bollinger Band, but did not directly break this band. This situation shows that the market is in the consolidation phase and there is a potential recovery area. On the 4-hour charts, it is stated that the price is not permanent below the $93,000 level, with the support of the opening data of the US stock exchanges, and that this level may be a preparation for future increases.
Analysts evaluate pullbacks as buying opportunities in current market conditions. In particular, long positions are recommended for BTC in the range of $92,700-$93,200, while the first target is $95,000. For ETH, it is recommended to buy in the range of $3,270-$3,300 and target the $3,400 level.
As a result, while fluctuations continue in the cryptocurrency markets, it is important for investors to determine their strategies by taking into account the support and resistance levels.
#binance #escoin #btc #elg $BTC $ETH
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️
See original
🔥🔥🔥CRYPTO MARKET: $1.7 BILLION DOWN‼️
The cryptocurrency market was shaken by the recent sharp decline. Many crypto assets, especially Bitcoin (BTC) and Ethereum (ETH), experienced significant losses in value. This decline led to major liquidations in leveraged transactions.
#elg #escoin #eth #escointoken #btc
The cryptocurrency market was shaken by the recent sharp decline. Many crypto assets, especially Bitcoin (BTC) and Ethereum (ETH), experienced significant losses in value. This decline led to major liquidations in leveraged transactions.
#elg #escoin #eth #escointoken #btc
See original
SEC APPROVAL: BITCOIN-ETHEREUM ETFS....
#elg #escoin #btc #eth #xrp
The United States Securities and Exchange Commission (SEC) has approved Hashdex and Franklin Templeton’s dual Bitcoin and Ethereum exchange-traded funds (ETFs). The approvals offer investors access to Bitcoin and Ethereum through regulated financial instruments without having to invest directly.
Hashdex’s Nasdaq Crypto Index US ETF will trade on the Nasdaq exchange, while Franklin Templeton’s Franklin Crypto Index ETF will trade on the Cboe BZX Exchange. Both ETFs are designed to track Bitcoin and Ethereum prices in the spot market.
#elg #escoin #btc #eth #xrp
The United States Securities and Exchange Commission (SEC) has approved Hashdex and Franklin Templeton’s dual Bitcoin and Ethereum exchange-traded funds (ETFs). The approvals offer investors access to Bitcoin and Ethereum through regulated financial instruments without having to invest directly.
Hashdex’s Nasdaq Crypto Index US ETF will trade on the Nasdaq exchange, while Franklin Templeton’s Franklin Crypto Index ETF will trade on the Cboe BZX Exchange. Both ETFs are designed to track Bitcoin and Ethereum prices in the spot market.
See original
A VOLATILE WEEK IN THE CRYPTOCURRENCY MARKET: BTC AND ETH
#ninance #escoin
In the third week of December 2024, there were significant fluctuations in the Bitcoin (BTC) and Ethereum (ETH) markets. At the beginning of the week, BTC rose to 108,000 yuan, reaching a new peak. However, following the speech of US Federal Reserve Chairman Jerome Powell, BTC fell to 92,000 yuan due to the impact of negative data. Despite this decline, the market gave signs of recovery with the preservation of the 90,000 yuan support.
Ethereum also followed a similar course. ETH prices fluctuated between $ 3,850 and $ 3,930 during the week, with the $ 3,900 level standing out as a significant resistance point.
Technical analysis points to a doji candle formation on BTC's monthly chart; This reflects the indecision of the market. On the weekly chart, the dead intersection of the KDJ indicator and the decrease in trading volume increase the possibility of correction. It stands out as a support level that should be watched out for, especially if it falls below the 90,000 yuan level.
Estimates for ETH show that the average price could be $2,629.64 at the end of 2024. In 2025, it is predicted that the price could range between $3,989.61 and $7,223.05.
In terms of short-term trading strategies, it is stated that BTC may offer a buying opportunity in the range of 94,700-95,000 yuan and the target is around 97,500 yuan. Similarly, ETH can be purchased in the range of $3,290-3,320 and $3,400 can be targeted.
As a result, these fluctuations in cryptocurrency markets show that investors should carefully determine their stop-loss levels and attach importance to risk management.
#btc #elg $BTC $ETH
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️
#ninance #escoin
In the third week of December 2024, there were significant fluctuations in the Bitcoin (BTC) and Ethereum (ETH) markets. At the beginning of the week, BTC rose to 108,000 yuan, reaching a new peak. However, following the speech of US Federal Reserve Chairman Jerome Powell, BTC fell to 92,000 yuan due to the impact of negative data. Despite this decline, the market gave signs of recovery with the preservation of the 90,000 yuan support.
Ethereum also followed a similar course. ETH prices fluctuated between $ 3,850 and $ 3,930 during the week, with the $ 3,900 level standing out as a significant resistance point.
Technical analysis points to a doji candle formation on BTC's monthly chart; This reflects the indecision of the market. On the weekly chart, the dead intersection of the KDJ indicator and the decrease in trading volume increase the possibility of correction. It stands out as a support level that should be watched out for, especially if it falls below the 90,000 yuan level.
Estimates for ETH show that the average price could be $2,629.64 at the end of 2024. In 2025, it is predicted that the price could range between $3,989.61 and $7,223.05.
In terms of short-term trading strategies, it is stated that BTC may offer a buying opportunity in the range of 94,700-95,000 yuan and the target is around 97,500 yuan. Similarly, ETH can be purchased in the range of $3,290-3,320 and $3,400 can be targeted.
As a result, these fluctuations in cryptocurrency markets show that investors should carefully determine their stop-loss levels and attach importance to risk management.
#btc #elg $BTC $ETH
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️
See original
US COURT OF APPEALS SET NEW DATES FOR RIPPLE CASE
#MarketPullback #escoin
The United States Court of Appeals has set important dates for the appeal process in Bradley Sostack’s lawsuit against Ripple Labs. Plaintiff Sostack must file a Mediation Questionnaire by December 23, 2024. The court expects the Appellate Transcript Order and Appellate Transcript on December 31, 2024 and January 30, 2025, respectively. The appeal process will begin with the plaintiff filing his opening statement on March 6, 2025; Ripple Labs, XRP II, and CEO Brad Garlinghouse will respond by April 7, 2025.
This case is notable as part of the ongoing debate over whether Ripple’s XRP token is a security. Previously, in the case between Ripple and the U.S. Securities and Exchange Commission (SEC), the court ruled in July 2023 that programmatic sales of XRP were not securities. However, it was stated that institutional sales could be considered securities.
While the legal processes between Ripple and the SEC continue, the cryptocurrency community and investors are closely following the results of the cases. In particular, the $2 billion fine requested by the SEC in the lawsuit against Ripple and Ripple’s defense strategy could set a precedent for the industry.
As a result, the appeals processes of the lawsuits filed against Ripple seem likely to continue in 2025. These developments show that regulatory uncertainties continue in the cryptocurrency market and that investors should be careful.
#binance #elg #XRP
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️
$XRP
#MarketPullback #escoin
The United States Court of Appeals has set important dates for the appeal process in Bradley Sostack’s lawsuit against Ripple Labs. Plaintiff Sostack must file a Mediation Questionnaire by December 23, 2024. The court expects the Appellate Transcript Order and Appellate Transcript on December 31, 2024 and January 30, 2025, respectively. The appeal process will begin with the plaintiff filing his opening statement on March 6, 2025; Ripple Labs, XRP II, and CEO Brad Garlinghouse will respond by April 7, 2025.
This case is notable as part of the ongoing debate over whether Ripple’s XRP token is a security. Previously, in the case between Ripple and the U.S. Securities and Exchange Commission (SEC), the court ruled in July 2023 that programmatic sales of XRP were not securities. However, it was stated that institutional sales could be considered securities.
While the legal processes between Ripple and the SEC continue, the cryptocurrency community and investors are closely following the results of the cases. In particular, the $2 billion fine requested by the SEC in the lawsuit against Ripple and Ripple’s defense strategy could set a precedent for the industry.
As a result, the appeals processes of the lawsuits filed against Ripple seem likely to continue in 2025. These developments show that regulatory uncertainties continue in the cryptocurrency market and that investors should be careful.
#binance #elg #XRP
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️
$XRP
Feed-Creator-0b2f09c862c6e194fa37:
The SEC will win the lawsuit against Ripple or better known as XRP, the SEC with its large reserves of money and gold will do anything to bring down Ripple💩💩💩🐷🖕
See original
BITCOIN'S WAVY COURSE: RECORDS AND UNCERTAINTY
#binance #elg
Bitcoin (#BTC) is trading at around $97,142 as of December 22, 2024, and has slightly declined from recent highs. On December 16, Bitcoin broke a historic record by exceeding $107,000. This rise occurred after US President Donald Trump announced the creation of a national strategic Bitcoin reserve (FN London, 2024).
Bitcoin rose to $108,135 with this news, but fell below $99,000 with a 9.2% decrease. However, it quickly recovered and reached $100,000 again.
Technical analysis is currently in a neutral to slightly bearish trend. The RSI indicator is in the range of 30-70, which does not give an overbought or oversold signal. The 50-day moving average is sloping upward and can act as support below the price. On the other hand, the 200-day moving average is fluctuating, indicating uncertainty in the long term.
According to experts' estimates, Bitcoin's long-term outlook is positive. For 2025, prices are expected to fluctuate between $125,000-155,000. According to some analyzes, the price may rise to $200,000 (MarketWatch, 2024).
Conclusion: Bitcoin's future direction will be shaped by the volatile structure of the market and economic-political developments. Regular monitoring of market data is critical for conscious investments.
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️
Sources:
• FN London
• MarketWatch
• CoinDCX
#escoin #btc $BTC $ETH
#binance #elg
Bitcoin (#BTC) is trading at around $97,142 as of December 22, 2024, and has slightly declined from recent highs. On December 16, Bitcoin broke a historic record by exceeding $107,000. This rise occurred after US President Donald Trump announced the creation of a national strategic Bitcoin reserve (FN London, 2024).
Bitcoin rose to $108,135 with this news, but fell below $99,000 with a 9.2% decrease. However, it quickly recovered and reached $100,000 again.
Technical analysis is currently in a neutral to slightly bearish trend. The RSI indicator is in the range of 30-70, which does not give an overbought or oversold signal. The 50-day moving average is sloping upward and can act as support below the price. On the other hand, the 200-day moving average is fluctuating, indicating uncertainty in the long term.
According to experts' estimates, Bitcoin's long-term outlook is positive. For 2025, prices are expected to fluctuate between $125,000-155,000. According to some analyzes, the price may rise to $200,000 (MarketWatch, 2024).
Conclusion: Bitcoin's future direction will be shaped by the volatile structure of the market and economic-political developments. Regular monitoring of market data is critical for conscious investments.
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️
Sources:
• FN London
• MarketWatch
• CoinDCX
#escoin #btc $BTC $ETH
See original
THE DECLINE IN THE CRYPTO MARKET CONTINUES AFTER THE FED'S INTEREST RATE CUT
#escoin #elg #EscoinToken #bitcoin #xrp
The US Federal Reserve (Fed) lowered the policy rate by 0.25 points to 4.25%-4.5% on December 18, 2024. This was the third consecutive interest rate cut in 2024. However, the Fed stated that interest rate cuts would be slower in 2025 and emphasized that it would take a cautious approach in the fight against inflation.
Following this statement, there were sharp declines in cryptocurrency markets. The price of Bitcoin (BTC) fell by 5.8% to $99,279. The intraday high was $105,487 and the low was $98,809.
Ethereum (ETH) also fell by 7.2% to $3,587. The intraday high was $3,895 and the low was $3,562.
Analysts state that the hawkish statements made by the Fed after the interest rate cut decision reduced investors' risk appetite, which increased the selling pressure in cryptocurrency markets. In particular, the signal that interest rate cuts will slow down in 2025 increased uncertainty in the markets and led investors to be cautious.
Technical analysis,
sources ..
• Federal Reserve issues FOMC statement. (2024, December 18). Federal Reserve.
• Fed slashes rates but signals slower pace of cuts in 2025 - Dow plunges more than 1,100 points. (2024, December 18). New York Post.
• Ethereum Forecast and Analysis for December 19, 2024. (2024, December 19). Forex24.pro.
#escoin #elg #EscoinToken #bitcoin #xrp
The US Federal Reserve (Fed) lowered the policy rate by 0.25 points to 4.25%-4.5% on December 18, 2024. This was the third consecutive interest rate cut in 2024. However, the Fed stated that interest rate cuts would be slower in 2025 and emphasized that it would take a cautious approach in the fight against inflation.
Following this statement, there were sharp declines in cryptocurrency markets. The price of Bitcoin (BTC) fell by 5.8% to $99,279. The intraday high was $105,487 and the low was $98,809.
Ethereum (ETH) also fell by 7.2% to $3,587. The intraday high was $3,895 and the low was $3,562.
Analysts state that the hawkish statements made by the Fed after the interest rate cut decision reduced investors' risk appetite, which increased the selling pressure in cryptocurrency markets. In particular, the signal that interest rate cuts will slow down in 2025 increased uncertainty in the markets and led investors to be cautious.
Technical analysis,
sources ..
• Federal Reserve issues FOMC statement. (2024, December 18). Federal Reserve.
• Fed slashes rates but signals slower pace of cuts in 2025 - Dow plunges more than 1,100 points. (2024, December 18). New York Post.
• Ethereum Forecast and Analysis for December 19, 2024. (2024, December 19). Forex24.pro.
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CRYPTOCURRENCY MARKET RISES WITH THE US GOVERNMENT NOT SHUTDOWN
US House of Representatives Speaker Johnson's statement, "The government will not shut down. An agreement has been reached on government financing. The vote will be held today," had a positive impact on the cryptocurrency markets. With this development, Bitcoin (BTC) exceeded the $97,600 level again.
Government shutdowns usually create uncertainty in financial markets and negatively affect cryptocurrencies. However, this news that the government will remain open increased investor confidence and caused an increase in BTC and altcoins. Important price areas, especially in altcoins, have started to be retaken.
Analysts state that in addition to the government not shutting down, the US Federal Reserve's (Fed) plans to slow down interest rate cuts for 2025 could also have a positive impact on the markets. In addition, it is stated that the SEC's postponement decisions for spot Bitcoin ETF applications and the election process in the US have also had an impact on the cryptocurrency market.
Unless there is a big surprise for the weekend, it is expected that cryptocurrencies will be traded in a more comfortable environment.
#MarketPullback #binance #escoin #elg $BTC $ETH
US House of Representatives Speaker Johnson's statement, "The government will not shut down. An agreement has been reached on government financing. The vote will be held today," had a positive impact on the cryptocurrency markets. With this development, Bitcoin (BTC) exceeded the $97,600 level again.
Government shutdowns usually create uncertainty in financial markets and negatively affect cryptocurrencies. However, this news that the government will remain open increased investor confidence and caused an increase in BTC and altcoins. Important price areas, especially in altcoins, have started to be retaken.
Analysts state that in addition to the government not shutting down, the US Federal Reserve's (Fed) plans to slow down interest rate cuts for 2025 could also have a positive impact on the markets. In addition, it is stated that the SEC's postponement decisions for spot Bitcoin ETF applications and the election process in the US have also had an impact on the cryptocurrency market.
Unless there is a big surprise for the weekend, it is expected that cryptocurrencies will be traded in a more comfortable environment.
#MarketPullback #binance #escoin #elg $BTC $ETH
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AVALANCHE9000 UPDATE....
#CryptoUsersHit18M #elg #escoin #doge #xrp
On December 16, 2024, the Avalanche network implemented one of its biggest updates, Avalanche9000 (Etna update). This update allows users to create and customize their own Layer-1 (L1) blockchains at low cost.
Avalanche9000 aims to solve the network's scalability issues and includes seven improvement proposals. In particular, ACP-77 introduces a new type of validator that allows users to launch their own subnets at lower costs. ACP-125 reduces transaction costs by reducing the base fee on the C-Chain where smart contracts run from 25 nAVAX to 1 nAVAX.
The update gives users the freedom to determine the rules of the networks they create. This provides flexibility in terms of geographic location selection, staking requirements, and third-party permissionless setups for regulatory compliance. Additionally, the L1s created will be interconnected and will benefit from the advantages of being multi-chain.
#CryptoUsersHit18M #elg #escoin #doge #xrp
On December 16, 2024, the Avalanche network implemented one of its biggest updates, Avalanche9000 (Etna update). This update allows users to create and customize their own Layer-1 (L1) blockchains at low cost.
Avalanche9000 aims to solve the network's scalability issues and includes seven improvement proposals. In particular, ACP-77 introduces a new type of validator that allows users to launch their own subnets at lower costs. ACP-125 reduces transaction costs by reducing the base fee on the C-Chain where smart contracts run from 25 nAVAX to 1 nAVAX.
The update gives users the freedom to determine the rules of the networks they create. This provides flexibility in terms of geographic location selection, staking requirements, and third-party permissionless setups for regulatory compliance. Additionally, the L1s created will be interconnected and will benefit from the advantages of being multi-chain.
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SEC APPROVAL: FIRST DUAL BITCOIN-ETHEREUM ETFS FROM HASHDEX AND FRANKLIN TEMPLETON
The United States Securities and Exchange Commission (SEC) has approved dual Bitcoin and Ethereum exchange-traded funds (ETFs) from Hashdex and Franklin Templeton. The approvals offer investors access to Bitcoin and Ethereum through regulated financial instruments without investing directly.
Hashdex’s Nasdaq Crypto Index US ETF will trade on the Nasdaq exchange, while Franklin Templeton’s Franklin Crypto Index ETF will trade on the Cboe BZX Exchange. Both ETFs are designed to track Bitcoin and Ethereum prices in the spot market.
The SEC required these ETFs to have comprehensive market surveillance agreements in place to prevent market manipulation. This step is considered a significant development in the regulation of cryptocurrency markets and their integration with the mainstream financial system.
Despite the recent volatility in cryptocurrency markets, these approvals could boost investor confidence and give new momentum to the markets. Bitcoin and Ethereum prices showed slight declines following the approval news. Bitcoin is currently trading at around $93,795, while Ethereum is trading around $3,232.
This development solidifies the place of cryptocurrencies in financial markets and offers new opportunities for investors. Such steps by regulatory bodies pave the way for wider acceptance and adoption of crypto assets.
#binance #escoin #elg #btc $BTC $ETH
The United States Securities and Exchange Commission (SEC) has approved dual Bitcoin and Ethereum exchange-traded funds (ETFs) from Hashdex and Franklin Templeton. The approvals offer investors access to Bitcoin and Ethereum through regulated financial instruments without investing directly.
Hashdex’s Nasdaq Crypto Index US ETF will trade on the Nasdaq exchange, while Franklin Templeton’s Franklin Crypto Index ETF will trade on the Cboe BZX Exchange. Both ETFs are designed to track Bitcoin and Ethereum prices in the spot market.
The SEC required these ETFs to have comprehensive market surveillance agreements in place to prevent market manipulation. This step is considered a significant development in the regulation of cryptocurrency markets and their integration with the mainstream financial system.
Despite the recent volatility in cryptocurrency markets, these approvals could boost investor confidence and give new momentum to the markets. Bitcoin and Ethereum prices showed slight declines following the approval news. Bitcoin is currently trading at around $93,795, while Ethereum is trading around $3,232.
This development solidifies the place of cryptocurrencies in financial markets and offers new opportunities for investors. Such steps by regulatory bodies pave the way for wider acceptance and adoption of crypto assets.
#binance #escoin #elg #btc $BTC $ETH
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FLUCTUATIONS IN THE CRYPTO MARKET: BTC AND ETH
#escoin #elg #EscoinToken #MarketCorrectionBuyOrHODL
There have been fluctuations in the cryptocurrency market recently. Bitcoin (BTC) rose to 98,400 $ , then fell and found strong support around 94,000 $ . Ethereum (ETH) fell to 3,322 $ , then recovered to around 3,460 $ .
Market data shows that high leverage positions are being liquidated and long positions are concentrated around 92,000 $ . In order for short positions to be liquidated, the market needs to show a recovery towards the 100,000 $ level. Political developments in the US and the Federal Reserve's policies are expected to have a limited impact on the BTC price.
Although a downward trend line is seen on the hourly charts, the market has stabilized at strong support levels. Therefore, there is an environment where downside risks are limited for investors and recovery opportunities can be evaluated.
Recommended Trading Strategies:
• BTC: Long position in the range of 95,800-96,300 $ ; target: $ 100,000.
• ETH: Long position in the range of 3,340-3,370 $ ; target: $3,550.
As a result, despite the fluctuations in the cryptocurrency market, strong support levels are maintained and offer opportunities for investors.
- The information contained in this article is never investment advice and is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️
ESCOINTOKEN
$BTC $ETH
#escoin #elg #EscoinToken #MarketCorrectionBuyOrHODL
There have been fluctuations in the cryptocurrency market recently. Bitcoin (BTC) rose to 98,400 $ , then fell and found strong support around 94,000 $ . Ethereum (ETH) fell to 3,322 $ , then recovered to around 3,460 $ .
Market data shows that high leverage positions are being liquidated and long positions are concentrated around 92,000 $ . In order for short positions to be liquidated, the market needs to show a recovery towards the 100,000 $ level. Political developments in the US and the Federal Reserve's policies are expected to have a limited impact on the BTC price.
Although a downward trend line is seen on the hourly charts, the market has stabilized at strong support levels. Therefore, there is an environment where downside risks are limited for investors and recovery opportunities can be evaluated.
Recommended Trading Strategies:
• BTC: Long position in the range of 95,800-96,300 $ ; target: $ 100,000.
• ETH: Long position in the range of 3,340-3,370 $ ; target: $3,550.
As a result, despite the fluctuations in the cryptocurrency market, strong support levels are maintained and offer opportunities for investors.
- The information contained in this article is never investment advice and is for accurate and up-to-date information purposes. STAY TUNED❗️ Be sure to do your own research❗️
ESCOINTOKEN
$BTC $ETH
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THE SIMPSONS' 2026 PROPHECY....
#elg #escoin #xrp #btc #doge
The Simpsons series, which has been broadcast since 1989, draws attention with its humorous content as well as its predictions for the future. The series, which previously came true with predictions such as Donald Trump's presidency and the rise of Bitcoin, is now on the agenda with a striking economic prophecy for 2026.
In the relevant episode of the series, it is predicted that there will be a global economic crisis in 2026 and the US dollar will lose significant value. According to this scenario, the dollar is expected to be replaced by digital currencies such as Bitcoin. 
The Simpsons series has gained fame in the past for predicting various events. For example, an episode broadcast in 2017 referred to Donald Trump's presidency. In addition, the series also included a prediction that Bitcoin would make a big leap in 2024, and this prediction came true. 
When asked how the future predictions are so accurate, Al Jean, one of the writers of the series, replied, “If you make enough predictions, 10 percent of them will be correct.” 
After all, these are predictions ... you need to be careful ...
#elg #escoin #xrp #btc #doge
The Simpsons series, which has been broadcast since 1989, draws attention with its humorous content as well as its predictions for the future. The series, which previously came true with predictions such as Donald Trump's presidency and the rise of Bitcoin, is now on the agenda with a striking economic prophecy for 2026.
In the relevant episode of the series, it is predicted that there will be a global economic crisis in 2026 and the US dollar will lose significant value. According to this scenario, the dollar is expected to be replaced by digital currencies such as Bitcoin. 
The Simpsons series has gained fame in the past for predicting various events. For example, an episode broadcast in 2017 referred to Donald Trump's presidency. In addition, the series also included a prediction that Bitcoin would make a big leap in 2024, and this prediction came true. 
When asked how the future predictions are so accurate, Al Jean, one of the writers of the series, replied, “If you make enough predictions, 10 percent of them will be correct.” 
After all, these are predictions ... you need to be careful ...
See original
THE DECLINE IN THE CRYPTO MARKET CONTINUES AFTER THE FED’S INTEREST RATE CUTTERS
#escoin #elg #EscoinToken #bitcoin
The US Federal Reserve (Fed) lowered its policy rate by 0.25 points to 4.25%-4.5% on December 18, 2024. This was the third consecutive interest rate cut in 2024. However, the Fed stated that interest rate cuts would be slower in 2025 and emphasized that it would take a cautious approach in the fight against inflation.
Following this announcement, there were sharp declines in the cryptocurrency markets. The price of Bitcoin (BTC) fell by 5.8% to $99,279. The intraday high was $105,487 and the low was $98,809.
The US Federal Reserve (Fed) lowered its policy rate by 0.25 points to 4.25%-4.5% on December 18, 2024. This was the third consecutive interest rate cut in 2024. However, the Fed stated that interest rate cuts would be slower in 2025 and emphasized that it would take a cautious approach in the fight against inflation.
Following this announcement, there were sharp declines in the cryptocurrency markets. The price of Bitcoin (BTC) fell by 5.8% to $99,279. The intraday high was $105,487 and the low was $98,809.