Bitcoin (BTC) is trading today, December 31, at US$94,767.75 (ARS $114,195,143), according to the Lemon platform.
This price positions it at 1.15% compared to its value 24 hours ago and 0.54% in comparison to the same day last week.
The current market capitalization of the token is US$1,873,472,416,557.
Ethereum (ETH), the second cryptocurrency by market capitalization, records a price of US$3,408.18 (ARS $4,106,856). In the last 24 hours, its value changed by 0.02%.
Among the main altcoins - the alternative tokens to bitcoins - BNB, the cryptocurrency of the Binance platform, is trading at US$707.98 (ARS $853,112). Cardano (ADA) is at US$0.86 (ARS $1,040) and Solana (SOL) at US$194.47 (ARS $234,340).
The variations in the last 24 hours were 1.33%, 0.83%, and 0.48%, respectively.
The total market capitalization of cryptocurrencies is US$3,294,817,512,736 billion, a variation of 0.46% in the last day.
On the other hand, the trading volume in the last 24 hours is US$150,122,747,210.
Bitcoin falls below the USD 94,000 level, do the bears now have control?
Market analysts, including Arthur Hayes, have warned of deep short-term price corrections before Bitcoin establishes a new all-time high. The price of Bitcoin BTC tickers down 90,920 € fell below the 94,000 dollar level on December 29, below the all-time high of approximately 108,000 dollars recorded on December 17, 2024.
According to data from CoinMarketCap, Bitcoin has dropped approximately 1.29% in the last 24 hours and 2.67% in the last seven days.
Bitcoin is trading well below its 20-day exponential moving average (EMA) and is approaching its 50-day EMA as the price of BTC consolidates between 92,000 and 99,000 dollars, following Bitcoin's historic bullish surge in November and December.
However, the price of BTC has remained above its 200-day EMA, which is a critical support level, since October 2024, and the Relative Strength Index (RSI) is currently at 42, indicating that the digital asset is neither overbought nor oversold.
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ChatGPT's artificial intelligence highlighted, in the first place, the burn rate of SHIB as a possible long-term catalyst. It also mentioned institutional interest, although adoption is still far off.
In terms of prices, ChatGPT anticipated two scenarios for December 31, 2024, one bearish and the other bullish:
The most promising places SHIB at 0.000066 USD, which translates to a 155% increase from the current price. This is difficult to believe knowing that there are only 20 days left until the end of the year.
As for the bearish projection, the AI set a target price of 0.000025 USD, which means a drop of approximately 1.5%.
SHIB burns have increased by 360% Recent data indicates that in the last 24 hours, the rate of meme coin SHIB leaving the circulating supply has increased by almost 360%, totaling 23,726,896 Shiba Inu.
A total of 22,988,505 SHIB were burned in the largest single transaction involving a meme coin. During the last week, 3x coins were sent to unspendable wallets, permanently leaving the market. Even with the destruction of 66,799,664 SHIB, the burn rate has experienced a decrease of 47.37%, as reported in the Shibburn tweet.
The main goal of burning the coins is to significantly reduce the circulating supply, which could result in a notable increase in the price of SHIB. To date, almost 50% of the original supply of quadrillions has been removed. That amounts to 410,742,899,523,458 SHIB, with 584,158,144,524,778 SHIB remaining in circulation, of which 5,098,955,951,762 SHIB have been deposited.
The alleged interest of BlackRock in temporarily reducing the price of Bitcoin has generated speculation in the crypto community. However, many analysts dismiss this possibility, pointing out that BTC fluctuations are usually driven by macroeconomic factors, such as decisions from the Federal Reserve and the performance of the US dollar.
On the other hand, institutional interest in Bitcoin has grown significantly in 2024, driven by the launch of spot ETFs and the perception of Bitcoin as a hedge against inflation.
Kiyosaki's statements highlight the tensions between the inherent decentralization of Bitcoin and the growing institutional interest. Although the theory of manipulation cannot be confirmed, his comment reflects valid concerns about how large institutions could influence the market.
Meanwhile, the future of Bitcoin remains optimistic for many cryptocurrency advocates, with experts like Kiyosaki encouraging investors to adopt a long-term perspective in the face of current volatility.
Solana co-founder Stephen Akridge is embroiled in a legal dispute with his ex-wife, Elisa Rossi, over alleged misappropriation of substantial Solana (SOL) profits
Rossi claims that Akridge used his advanced crypto and blockchain expertise to siphon off rewards from his digital wallet.
According to the complaint, Akridgeridge’s actions resulted in Rossi losing “millions of dollars” in revenue. He further alleged that Akridge controlled his accounts from early March to mid-May and reaped 100% of the staking fees allocated to his SOL holdings.
While the exact value of the disputed tokens remains undisclosed, Rossi has described the sums as “significant” and requested that parts of the complaint be kept confidential. Solana Labs and the attorneys representing Akridge and Rossi have not commented publicly.
Akridge was a lead engineer at Solana and played a key role in developing the blockchain platform alongside co-founders Anatoly Yakovenko and Raj Gokal. Prior to his involvement with Solana, Akridge worked at Qualcomm Inc. He is now the CEO of Cyber Grant, a California-based cybersecurity firm.
The couple filed for divorce in February 2023 after a decade of marriage. RossiiS’s lawsuit alleges breach of contract, unjust enrichment, and fraud and seeks damages for the financial losses it claims to have incurred.
Liquid Staking Growth on Solana According to different platforms, staking SOL tokens grants an annual percentage yield (APY) ranging from 5.6% to 12%.
However, users are increasing their yields by using liquid staking platforms as the total value is locked (TVL) Jito suggests. The protocol is the largest on Solana by TVL, approaching $2.7 billion per DefiLlama data.
Robert Kiyosaki accuses BlackRock of manipulating Bitcoin
The prominent author and advocate for Bitcoin (BTC), Robert Kiyosaki, has raised a controversial theory about the recent volatility of the leading cryptocurrency, which continues to struggle to surpass $100,000.
Kiyosaki, known for his book Rich Dad Poor Dad, pointed out in a post on X on December 27 that BlackRock (BLK), the world's largest asset manager, might be manipulating the price of Bitcoin in favor of institutional investors.
According to Kiyosaki, BlackRock's CEO, Larry Fink, could be "massively selling Bitcoin" to reduce its value and allow institutions to purchase the cryptocurrency at a lower price, below $100,000.
BlackRock and the impact on the Bitcoin market BlackRock has gained prominence in the Bitcoin market following the launch of its Bitcoin-based exchange-traded fund (ETF). Despite this, Kiyosaki has expressed his rejection of Bitcoin ETFs.
Additionally, he recalled the statements of former presidential candidate Vivek Ramaswamy, who labeled Larry Fink as a "Marxist" and accused BlackRock of prioritizing stakeholder capitalism over shareholder capitalism.
Declines in BlackRock's Bitcoin ETF Although Kiyosaki's accusations have not been verified, his comment coincides with a significant outflow from BlackRock's Bitcoin ETF, iShares Bitcoin Trust (IBIT), which recorded a historic withdrawal of $188.7 million on December 24.
Furthermore, speculation increased after BlackRock deposited 828 BTC, valued at nearly $80 million, into Coinbase on December 23. This move generated rumors about a potential sale by the investment management firm.
Despite concerns about possible manipulation, Kiyosaki remains optimistic about the future of Bitcoin. In his latest forecast, he predicted that the price of the cryptocurrency will reach $350,000 by 2025.
Bitcoin (BTC) is trading today, December 29, at US$94,855.25 (ARS $113,826,303)
This price positions it 0.27% compared to its value 24 hours ago and 2.43% in comparison to the same day last week.
The current dominance of the token (market capitalization) is US$1,879,718,549,201.
Bitcoin is the most important cryptocurrency (virtual currency) today. Increasingly accepted around the world, it can be used to purchase products and services.
Each bitcoin is like a file that is stored in a "digital wallet," whether on a mobile phone, computer, or tablet. Individuals and businesses can make transfers of bitcoins or a portion of a bitcoin between different digital wallets.
Each of these transactions is recorded in a public list called the blockchain. In this way, the history of a bitcoin can be known, in order to prevent theft, fake copies, or undo transactions.
There are three main ways to obtain a bitcoin. They can be purchased using real money (dollars, for example); goods and services can be sold and paid for in bitcoin; and they can be "mined" (created as it is said in the cryptocurrency market jargon) on a computer.
To mine or create new bitcoins, high-power computers are needed that, through the resolution of extremely complex computational calculations, receive a bitcoin as a reward.
The behavior of (BTC) is a determining element for the future of dogecoin. The leading currency tends to set trends in the digital market, which can benefit other assets like DOGE.
According to estimates from the company itself, the price of the crypto asset could exceed 150,000 dollars in the first half of 2025, and the asset could be priced above 185,000 dollars by the fourth quarter of the same year.
According to Galaxy, the optimism generated by the rise of bitcoin tends to extend to memecoins and other assets considered high risk.
The speculative nature of DOGE is an important risk factor. As a memecoin, it lacks a concrete practical utility or solid technological fundamentals.
Its price primarily depends on external events, such as news, tweets, or statements from influential figures.