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"Dogecoin Primed for Growth as Analysts Highlight Renewed Momentum"

The Crypto Basic

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Analysts suggest #Dogecoin is on the cusp of resuming its uptrend after an extensive consolidation period. 

Read more on: https://thecryptobasic.com/2024/12/18/dogecoin-uptrend-set-to-resume-heres-why-analysts-think-so/
#CryptoNewsUSA 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

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#Binance Alpha, the newly integrated platform within the Binance Wallet, has officially launched its first and second batches of emerging crypto projects. The platform introduced the first ten projects selected for its pre-listing token spotlight program. Notably, the Binance Alpha platform serves to highlight early-stage tokens with strong growth potential in the Web3 ecosystem. It has curated a list of promising tokens that may eventually be considered for listing on the Binance Exchange. #CryptoNewsUSA

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The BlackRock iShares #Ethereum Trust ETF (ETHA) crosses a major milestone in its Ethereum holdings amid an impressive surge in institutional interest. 2024 has arguably been the year of institutional adoption for crypto as newly launched U.S. spot Bitcoin and Ethereum ETFs have funneled billions into the market. As the year ends, this capital influx shows no signs of slowing. In the latest instance highlighting this surge in institutional interest, one of these newly launched products has hit a new milestone. BlackRock Ethereum ETF Hits 1M ETH BlackRock’s Ethereum ETF (ETHA) has hit a new milestone. As highlighted by blockchain tracker Lookonchain on Wednesday, December 18, the investment vehicle now holds over 1 million ETH, specifically 1,025,378 ETH worth over $4 billion. This feat is significantly impressive, as the product has only been open for trading for less than six months after launching in July 2024. ETHA is the first among the newly launched Ethereum ETF products to reach the milestone. For context, Grayscale’s mini Ethereum ETF ETH boasts the second-largest holdings among the newly launched products, with over 476,000 ETH worth nearly $1.9 billion. The recent BlackRock Ethereum ETF milestone comes as the products have seen a resurgence in recent weeks after initial struggles. #CryptoNews🚀🔥V

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"Shiba Inu Shows Strength: Analyst Highlights Path to $0.000070 Breakthrough"

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#Bitcoin price falls below the $104k level and warns of a support trendline breakdown to potentially retest the $100k psychological milestone. After a sudden 2.75% drop over the past 24 hours, Bitcoin has lost its footing above the $104,000 mark. The current BTC price is $103,674, with the market capitalization remaining at $2.052 trillion. As the surge in supply suggests a potential extended correction, attention is now focused on a crucial support trendline. Will the declining trend lead to a breakdown that tests the $100,000 level? Bitcoin Price Analysis In the 4-hour chart, Bitcoin’s price action shows a failed attempt to maintain a strong close above the 50% Fibonacci level. The key Fibonacci resistance is at $106,912. Despite reaching a new all-time high of $108,364, overwhelming supply in this region caused a swift bearish reversal. This has led to a 4.42% pullback from the new all-time high. The bearish retracement has caused the price to fall below the 20-EMA line on the 4-hour chart. After forming two large bearish engulfing candles, Bitcoin is now testing a critical local support trendline. This support trendline sits slightly above the 38.20% Fibonacci level at $103,093. Additional support is found near the 50-EMA line, around $102,676. Given these support levels, BTC may experience a bullish recovery. However, the quick decline has caused the 4-hour RSI to drop below the halfway mark, signaling increased selling pressure and the potential for further downside. #CryptoNewss Bitcoin Price Chart

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The #Bitcoin Policy Institute has drafted the executive order to establish a strategic Bitcoin reserve under the United States Treasury’s Exchange Stabilization Fund (ESF). The draft aims to position Bitcoin as a national strategic asset for the U.S. under President Donald Trump. The proposed order outlines measures to ensure the United States remains competitive in the evolving global digital economy. Notably, this policy requires approval and signing after Donald Trump’s inauguration to take effect. Details of The Bitcoin Reserve and Policy Objectives The executive order emphasizes integrating Bitcoin into the U.S. financial system to strengthen economic security and global leadership. According to the draft, Bitcoin’s decentralized and limited supply characteristics make it a valuable asset comparable to digital gold. The proposal recommends designating Bitcoin as a strategic reserve asset within the ESF to diversify holdings, attract innovation, and promote domestic industry growth. Under the draft’s provisions, the Treasury Secretary would oversee the creation of a Strategic Bitcoin Reserve (SBR), with an allocation of $521 billion for Bitcoin acquisition. The proposal mandates that all Bitcoin held by federal agencies, such as the U.S. Marshals Service, be consolidated into the SBR within seven days of the order’s issuance. Notably, it prohibits the sale of any Bitcoin from this period. Additionally, the draft directs the Treasury to implement a detailed acquisition plan within 60 days to establish the United States as a global leader in Bitcoin holdings and innovation. #CryptoNewssCommunity

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