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Coinbase recently upgraded its payment product, retaining Shiba Inu (SHIB) as a result of its EVM compatibility, while removing coins like Bitcoin and Dogecoin.
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Michael Saylor, chairman of MicroStrategy, has intensified his advocacy for #Bitcoin adoption among leading global corporations, now taking it to Amazon boss Jeff Bezos. In a recent post on X, Saylor directly suggested that Jeff Bezos, Amazonâs founder, should consider Bitcoin a significant investment. Saylorâs recommendation comes as Bezos reportedly prepares for a $600 million wedding celebration. Meanwhile, Saylor urged Bezoz instead to leverage the $600 million sum for Bitcoin acquisition. â$600M would buy a lot of Bitcoin,â he said. Reports indicate that Jeff Bezos is set to wed Lauren Sanchez on December 28 in Aspen, Colorado. According to the report, the event will feature extravagant arrangements, including the acquisition of a high-end sushi restaurant with seating for up to 180 guests. Furthermore, multiple luxurious mansions have been rented to host the eventâs attendees. However, Bezos has denied reports about the million-dollar celebration, calling the claims âcompletely falseâ and cautioning against believing everything seen in the media. Amazon Discussing Bitcoin Adoption Meanwhile, Saylorâs proposal for Bitcoin acquisition coincides with growing momentum among Amazonâs stakeholders to explore Bitcoin adoption. The National Center for Public Policy Research (NCPPR), a U.S.-based think tank, has recently encouraged Amazon to examine Bitcoinâs integration into its financial operations. This initiative will culminate in a shareholder vote during Amazonâs annual meeting in April, where the inclusion of Bitcoin on the companyâs balance sheet will be a key agenda item. #CryptoNewsFlash
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Despite #Ethereum being down by 17% over the past week, buyers hope for a bounce back from the 100-day EMA. Ethereum bulls are losing momentum, with ETHâs price nearing the $3,000 psychological level. A bearish week saw its market cap fall below $400 billion, and Ethereum is struggling to make a comeback. Ethereum Price Analysis Ethereumâs price action on the daily chart shows bullish support above the 100-day EMA line. Currently, ETH is trading at $3,295, with an intraday gain of 0.52%. This represents a minor recovery after a bearish weekend. On Saturday, December 21, ETH dropped by 3.84%, creating a bearish engulfing candle, followed by a 1.75% drop on Sunday. Now, the price sustaining above the 100-day EMA line currently creates a doji candle, with ETH struggling to surpass the $3,300 level. Using Fibonacci levels, the price is encountering rejection near the 61.80% Fibonacci retracement at $3,180. With multiple support factors converging, the current doji candle increases the chances of recovery. However, the daily RSI is approaching the oversold boundary, reflecting rising selling pressure. This could require some minor consolidation before a trend reversal. #CryptoNewss Ethereum Price Chart
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#Bitcoin remains below the $100,000 level and struggles to sustain a position above the $95,000 support level. With a bearish closing on Sunday, the intraday uncertainty in Bitcoin might lead to a bearish conclusion if the institutional support fails to resurface. Bitcoin Price Analysis With a 2.17% drop on Sunday, Bitcoin concluded the last week on a bearish note. Starting from the quick reversal from its recent all-time high of $108,364, BTCâs price dropped nearly 9% last week. This resulted in a massive bearish engulfing candle, undermining the recovery run over the past two weeks. BTCâs price has created a low of $92,118, testing the 50-day EMA line. Currently, BTC sustains above the $94,000 support level, avoiding a bearish closing below it. At press time, BTC is trading at a price of $94,884, with a minor growth of 0.33%. Creating a doji candle at a crucial support level increases BTCâs chances of a comeback. The potential turnaround moments could create a morning star pattern with a recovery on Tuesday. However, the RSI line dropping under the halfway level warns of an underlying weakness. #CryptoNewsđđ„V
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