Latest developments in the cryptocurrency market until December 25, 2024:
1. Bitcoin Price Drop: Bitcoin has seen a decline below $98,000, currently trading at around $97,888, down 3.70% in the past 24 hours.
2. Launching Bitcoin-linked investment funds in Israel: Six mutual funds tracking Bitcoin prices are set to begin operations in Israel as of December 31, 2024, after receiving approval from the Israel Securities Authority.
3. Russia’s use of Bitcoin in international trade: The Russian Finance Minister announced that the country has begun using Bitcoin in international trade transactions, reflecting a trend towards greater adoption of digital currencies in economic activities.
4. ADA price drop: Cardano (ADA) has seen an 18% drop over the past week, raising questions about its future in the digital market.
5. FBI Efforts to Combat Market Manipulation: The US Federal Bureau of Investigation (FBI) has come up with a new way to combat manipulation in the cryptocurrency market, as part of enhancing transparency and protecting investors.
6. Russia bans cryptocurrency mining in some regions: Russia has imposed a 6-year ban on cryptocurrency mining in 10 regions, in a move aimed at regulating the activity and reducing its environmental impact.
7. Massive Outflows from Bitcoin ETFs: Bitcoin ETFs saw outflows of $1.2 billion in three days, indicating that investors are moving towards reducing their exposure to digital assets.
8. Shiba Inu Coin Burns Rise: Shiba Inu coin burns have pushed its price above $0.00003, with analysts predicting another decimal rise by 2025.
9. Ripple (XRP) surpasses Tether (USDT): Ripple (XRP) has managed to surpass Tether to become the third-highest cryptocurrency by market cap, reflecting the increased interest in it from investors.
10. Cryptocurrency investment on the rise in the UAE: A recent survey showed that 37% of retail investors in the UAE plan to increase their cryptocurrency investments in 2025, indicating growing confidence in this market.
Please note that the cryptocurrency market is constantly volatile, so it is always advisable to do the necessary research before making any decisions.
Any investment decisions.